💰Tokenomics

The Core Economics of BetsMango

BetsMango currently thrives on two distinct blockchain networks: the BNBchain and the OpBnbchain. Here's a structured overview of the platform's economic model:

• Dual-Network Functionality:

  • BNBchain: Supports both BNB and USDT as primary transactional assets.

  • OpBnbchain: Primarily utilizes our native token, $BMANGO, in tandem with BNB.

• Advantages of $BMANGO on OpBnbchain: The decision to incorporate our native token in the opBnbchain was strategically driven by its cost-efficiency. This network's low transaction costs mean users can place bets as minute as cents, with transaction fees even lower, promoting an inclusive betting environment.

• Stealth Token Launch: $BMANGO was introduced in the opBnbchain via a stealth launch. With a modest initial liquidity, the community's trading activities would determine the token's price. All 100 million tokens were allocated to the liquidity pool. This model encourages organic price formation, factoring in buys, sells, and holds by community members.

• Liquidity Dynamics: Betting games alternate between BNB and the native token, facilitating liquidity pool formation. It's essential to note that transaction fees for games range between 5-7%, while sports betting charges a maximum of 5% and an additional 1% for referrals. This total fee, however, will never exceed 6%, ensuring a balanced distribution between the two.

• Reinvestment from Owner's Share: Out of the 5% fee allocated for the owner from the sports bets, the decision on the percentage to be added back as liquidity is at the discretion and need of the owner. This is critical as this fee serves as the platform's primary revenue source.

• Liquidity Commitment: All initial liquidity is locked in binarySwap, the primary DEX available on the opBnbchain, for one year. Post this duration, the liquidity will be transitioned to PancakeSwap, where we have been gradually adding more liquidity.

In essence, BetsMango's tokenomics have been intricately designed to foster community participation, transparent pricing, and an enhanced betting experience. With liquidity safeguards in place, users can be confident in the platform's long-term vision and operational integrity.

Note: For transparency and trust, users can monitor the movements of the owner's wallet at the address: 0x1ac695320331FE2d8f77B185eC0Af99C0e854D93.