Let’s start the year with the biggest bang on the Cronos Chain

We are proud to announce the official launch of GambleFi on the 16th of February 2022. The launch will be performed in partnership with one of the largest DEXs on the Cronos Chain, MM Finance, which will help us through their Launchpad system.

GambleFi is the first Rebase DAO featuring a Zero Loss Betting system, where all users have no risk of losing their capital while helping with the exponential growth of the treasury. The DAO also features an innovative vesting reduction NFT system for bond purchases and a clever Treasury Redistribution feature, which was heavily lacking in other rebase protocols, allowing us to tie the best of both worlds into the protocol.

MM Finance is the #2 largest decentralized exchange on the Cronos Chain, offering a variety of services, including: yield farming, automated market making, launchpads for newcomers on the chain, yield optimising protocol and much more,continuously launching new services from their talented team, while following the latest crypto trends to ensure that the Cronos Chain features all of the most important development innovations on the market.

We’re proud to launch with them, as they’re ensuring a strong userbase for our launch, and a free speech approach where we can express our innovative ideas with no filters.

The launchpad will start on the 16th of February in the “overflow” method. Users will be able to dedicate as much money as they will like to the launch, in order to allocate more tokens from themselves from the launchpad release. At the end of the launchpad the $1 Million in BETIFY tokens will be distributed evenly between users based on their individual asset amount allocated to the launchpad, and the additional funds will be redistributed back to users.

30% of the initial raise ($300,000) in MMF will be burned

The total supply at launch will be of 170,000 BETIFY, of which 100,000 BETIFY are directly allocated tot he MM Finance launchpad, 30,000 BETIFY are added for initial liquidity, 20,000 BETIFY are allocated to the private investment fund sale (which is locked for 2 months), 15,000 BETIFY are for the team allocation (which are vested for 6 months) and 5000 BETIFY are directly allocated to community activities, giveaways and distribution to the previously whitelisted wallets.

The launchpad will have a duration of 6 hours, in which you’ll be able to allocate your MMF to receive a final allocation in BETIFY at the end.

MMF has kindly provided a 1 week long period of support for the BETIFY token, ensuring that the price will stay above the $10 mark for the 7 days post launch. This will allow the userbase to enjoy the week without worrying that the token will dip down, and it will allow us to deploy everything accordingly and get the Rebase DAO started with no issues. By the 7 day mark there will be enough liquidity to allow any kind of token swaps and users will be able to calmly stake their BETIFY.

Our Rebase DAO Protocol will be launched right after the MMF Launchpad, allowing users to:

More info about our features can easily be found in our Medium Articles and Whitepaper, detailing everything accordingly.

Users will be able to stake their BETIFY to earn rebase rewards, which come directly from bond sales, and can vary based on the number of BETIFY staked in the protocol and reward rate set in place. When users stake, their BETIFY is changed for an equal amount of BETSLIP, our staking receipt token. When you unstake you burn BETSLIP and receive an equal amount of BETIFY.

Bonding allows GambleFi to acquire its own liquidity and other reserve assets by selling BETIFY at a discount in exchance for the assets. Bonding introduces vesting periods to ensure the proper stability of the token, while offering incentives to users.

Tying into the bonding feature we have the innovative Vesting Reduction NFT system. Users will be able to open Booster Boxes and receive a Vesting Reduction NFT, with a range from 10% up to 50% reduction in a chosen bond’s vesting period.

Our Treasury Revenue Sharing feature will also be available at launch, allowing BETIFY stakers to profit directly from the Treasury’s Revenue Flow. We have this system in place to solidify our concept of Treasury as a Company. Many Rebase DAO protocols have been deceiving on this front and haven’t offered investors the attention they deserve. In our case investors are direct shareholders of the DAO, earning dividends from the Treasury’s growth.

In order to join the revenue redistribution users will need to be BETIFY stakers already, and they will have to wrap their BETSLIP receipt tokens. Afterwards they’ll have access to our Revenue Redistribution Page where we will distribute 10% of the Treasury’s Earnings every given month.

Our betting platform is under construction and we’ve already finalized the frontend, along with some of the smart conctracts necessary. We’re hoping to release a public Alpha in March, where everyone will be able to debug the Betting Platform with us on Testnet, and ensure that it reaches its full potential during the official launch.

The betting platform will be an amazing step forward for our DAO, offering crypto users and betting fans a chance to see the amazing features that are possible thanks to the blockchain. Zero Loss Betting can be a game changer for dedicated betters and a valuable tool for betters that are putting their personal finances in jeopardy through traditional betting methods.

The betting platform will also allow the treasury to grow consistently since the betting system will be a sustainable revenue source. That means that we’ll have a lot of freedom to perform Treasury Redistribution for our DAO Investors.

We are locked, loaded, and ready to take over the $200 Billion Sports Betting Market, while kickstarting the mainstream adoption of the Cronos Chain.

To stay up to date with the official launch and many of the exciting things we’ll be doing in preparation for it make sure to follow our Twitter and join our Discord and Telegram groups, where you’ll receive all of the latest news instantly. We will also be publishing articles on Medium on a weekly basis, as there will be a lot of really technical and interesting topics to cover while we finish development on the betting protocol. If you’re a mathematics or betting nerd like us, we have you covered!

Twitter: https://twitter.com/MMFcryptoTelegram Group: https://t.me/MMFcryptoAnnouncement Channel: https://t.me/MMFannPrice Channel: https://t.me/MMFPriceWebsite: http://mm.finance/Medium: https://medium.com/@MMFinance