The online gambling landscape is experiencing an exciting evolution driven by the rise of blockchain technology. From this technological leap, a new sector dubbed “GambleFi” has emerged – fusing the thrill of gambling with the transparency and security of decentralized systems, and the latest developments in digital asset protection protocols. As GambleFi gathers momentum, platforms are racing to integrate innovative features to attract users to this growing space.
One project leading the charge is Betix, which has its sights set on transforming the future of online gambling. Betix is trailblazing the GambleFi sector by introducing one of its most unique offerings yet – a revenue sharing model for players.
The Rise of GambleFi
To understand Betix’s revenue sharing model, it helps to first look at the GambleFi trend, how it came about and what it means. GambleFi refers to the integration of blockchain and decentralization aspects into online gambling platforms.
This approach aims to enhance the traditional gambling experience with increased transparency, security, and technical innovation made possible through blockchain solutions. According to industry reports, GambleFi is currently valued at a market size of over $81 billion in 2023, with this figure estimated to skyrocket to over $125 billion by 2027.
For players, the allure is the prospect of provably fair and tamper-proof outcomes, faster payouts, access to new gaming formats, and improved reward systems made possible by integrating crypto-friendly features. With these advancements, GambleFi represents the future evolution of the online gambling industry.
Introducing Betix – The Progressive Newcomer
Eager to capitalize on the GambleFi movement is the ambitious new project Betix. Launching soon, Betix aims to merge the best aspects of traditional casinos with the game-changing potential of blockchain, and the allure and utility of investing and entrepreneurship.
At Betix’s core is a sharp focus on player community, engagement, and rewards. To create this, they have implemented features like:
- Wealth Circle – An exclusive NFT-based investment program granting token holders a share of the casino’s profits.
- $BETX – A multifunction utility token unlocking access to special features, governance rights, and more.
- Transparent Model – Combining blockchain’s inherent transparency with established Web2 approaches to online casino gaming to ensure verifiable randomness and bet integrity.
This combination of profit sharing, utility token perks, and blockchain security sets Betix apart in the emerging GambleFi ecosystem. However, they are taking it a step further with their next ambitious offering.
Showcasing Betix’s Revenue Sharing Model
In a watershed moment for both Betix and the GambleFi industry, Betix has revealed an innovative revenue sharing model for their players. But what exactly does this mean?
Put simply, Betix will distribute a portion of the casino’s revenue directly to players. This creates an added income stream for users separate from their own gambling wins or losses.
The revenue sharing will primarily occur through the Wealth Circle program. Based on their membership tier level, players will earn a percentage share of Betix’s revenues. The estimated sharing breakdown of all tokens in a particular category combined is:
- Bronze Tier – 8% of revenues
- Silver Tier – 19% of revenues
- Gold Tier – 23% of revenues
To put this in perspective, if Betix generates $10 million in net profit for the month, a Gold member would earn around $2,300 in extra income per token simply for being part of the Wealth Circle. Worth noting is also the fact that each user can buy multiple tokens in each of the 3 tiers.
Additionally, Wealth Circle Tokens are dilution-proof: each token has its own value, and receives a share of Betix’s earnings from across the ecosystem. The set limit on the number of tokens also helps to maintain scarcity and a sensation of specialness.
To provide transparency, Betix shares expenses and profit information with Wealth Circle members. There is even a revenue calculator tool to estimate potential earnings. This degree of transparency and inclusivity is almost unheard of in the gambling space.
Setting a New Precedent in GambleFi
This bold move signifies a paradigm shift in the GambleFi sector. Betix is sharing the wealth – literally – rather than hoarding profits like a traditional casino. They are redistributing success directly to the players fueling the platform’s growth.
By aligning incentives, Betix is fostering a symbiotic relationship. Platform success translates into player rewards, which in turn drives further growth. This cycle allows Betix to stand out from competing platforms.
There is also a strategic motivator. The revenue sharing initiative incentivizes loyal engagement from players over the long term. Instead of relying solely on big wins to attract users, Betix has given players an added financial stake in the platform’s prosperity.
Because Betix also heavily prioritizes security and player comfort, there is also a one-year refund guarantee that comes with every Wealth Circle token, with a guaranteed refund of 50% of the initial mint price.
The Future Looks Bright for Betix and GambleFi
Betix’s plans extend far beyond just revenue sharing. With continuing innovations centered around community and transparency, they are aiming to set the gold standard for the future of GambleFi.
Other platforms may soon follow Betix’s example, ushering in a new generation of equitable, player-centric online casinos. This has significant implications for thousands of potential users worldwide who can benefit from these offerings.
For Betix themselves, the revenue sharing program represents a major leap forward in realizing their vision – a GambleFi ecosystem where players have an ownership mentality, developers are incentivized to create, and “the house always wins” is an outdated maxim.
Ready to Be Part of the Action?
As Betix continues gaining traction, now is the perfect time to get involved. Here are the next steps:
- Learn more about the Wealth Circle program and membership tiers by visiting Betix.gg/WealthCircle
- Join the Wealth Circle whitelist to secure your spot for the upcoming sale and gain access to revenue sharing rewards.
- Stay updated on announcements for the $BETX token launch – your key to unlocking the full Betix experience – by following the official Betix account on X.
The potential of GambleFi is only starting to unfold. With Betix’s fresh approach, the future looks promising for platform adopters willing to embrace a transparent, equitable model empowering players.
