eBit Token Mining

Sustaining a Healthy Ecosystem

The $eBit mining system plays a pivotal role in maintaining a robust ecosystem, as it primarily enables players to earn additional rewards in the form of tokens through wagering on our platform.

As a crucial element of eBit's token economy, the mining supply of eBit tokens is set at 45,000,000 tokens. When this supply diminishes to 22,500,000 tokens, reflecting significant player engagement, we will implement a halving mechanism. This adjustment will reduce the rate of token mining by 50%. This strategic measure is designed to promote sustainability and value within the eBit ecosystem.

To further support this ecosystem, our eBit mining supply will be replenished through a unique feedback loop system. This involves the introduction of the buy & refill mechanism, which will be applied to the eBit Sweepstakes system. This will serve as a direct source for refilling the $eBit mining supply, ensuring a continuous and balanced token distribution.

Token Mining in Action: A Dual Benefit System

In the eBit token mining process, each token a player mines through wagering is matched with an additional token to support the eBit ecosystem. Effectively, for every token mined by a player, the player would receive 0.5 of that token instantly, the full distribution is detailed below:

1. Player Reward (50%): For each $eBit token mined, the player immediately receives 0.5 $eBit token. This means half of the mined token is directly rewarded to the player.

2. Ecosystem Allocation (50%): The other half of the mined token is allocated as follows:

   • NFT Stakers (20%): 0.20 of each mined token goes into a distribution pool for all Bits NFT stakers. This serves as a passive income stream for them.

   • eBit Bankroll (15%): Another 0.15 of the token is contributed to the eBit bankroll, supporting the eBit DAO, operational and financial health of the platform.

   • Token Burn (15%): The remaining 0.15 token is permanently removed from circulation (burnt). This practice is intended to reduce overall supply over time, potentially increasing the token's scarcity and value.

In summary, for every token mined, 50% is awarded to the player, and 50% supports the ecosystem through allocations to NFT stakers, the eBit bankroll, and token burn. This structured approach aims to balance immediate player rewards with long-term ecosystem sustainability.

$eBit Mining Explained: Simplifying Rewards for Every Player

Cash Rakeback: The Starting Point Before diving into $eBit mining rates, it's essential to understand our cash rakeback system. Here’s a simple example: Imagine playing a slot machine with $100 at a 97% RTP (Return to Player) rate. This means, on average, you'd expect to get back $97, with the casino theoretically earning $3. From this $3, eBit returns a 10% rakeback to you, the player. This rakeback, which amounts to $0.30 in this example, can be received instantly or accumulated to be claimed weekly or monthly – the choice is yours.

$eBit Mining Rate Mechanics Now, let's break down the $eBit mining rates in an easy-to-understand way:

$eBit token "Mining" does not refer to traditional mining utilized by mining blocks.

• Base Rate for High RTP Games: If you play a game with a 99.9% RTP, the base $eBit mining rate is 0.5%. This is the rate at which you earn $eBit tokens for your wagers.

• Increasing Rewards with Risk: The more risk you take (i.e., playing games with a lower RTP), the higher your mining rate. For instance, for each 0.1% decrease in RTP, your mining rate increases by 0.0211%. So, at a 99.8% RTP, your mining rate would be 0.5211%.

• Maximum Rate for Common Games: The mining rate peaks at 1.111% for games with a 97% RTP, which are common on eBit. This means, if you wager $100 on such a game, you would earn approximately 1.111 $eBit tokens, in addition to the $0.30 cash rakeback.

Based on platform activity, mining rates may be adjusted accordingly in the future.

Enhanced Rewards Opportunities: Maximizing Your eBit Experience

While the rates previously mentioned serve as the standard on eBit, there are numerous ways to significantly boost your mining rewards:

1. Special Events: Keep an eye out for special events on eBit. These events are designed to offer enhanced mining and rakeback rates, providing a lucrative opportunity for players to earn more while enjoying their favorite games.

2. Utilizing Bits NFTs: By integrating Bits NFTs into your gaming strategy, you can elevate both your mining and rakeback rates. These NFTs are a key part of the core eBit community, offering a unique way to supercharge your earnings.

3. Doubling Mining Rates with eBit House Games: eBit has introduced an innovative feature to incentivize engagement in its in-house games. When participants play any eBit house game, their mining rate for earning $eBit tokens automatically doubles. This means players earn more $eBit tokens for every bet placed, significantly enhancing the gaming experience and increasing the potential for rewards.

eBit's goal with these enhanced reward opportunities is to strike a perfect balance — actively rewarding player engagement and participation, while simultaneously ensuring the sustainability and longevity of the $eBit ecosystem.

eBit's Long-Term Vision for Mining Returns

eBit sets the mining rates for $eBit with a vision focused on sustainable growth and longevity, particularly in the dynamic world of online casinos. The strategy at eBit strikes a balance between maintaining the health and stability of the ecosystem and providing rewarding experiences for its community.

While eBit offers competitive rewards, its vision extends beyond immediate payouts. The aim is to build an environment that not only thrives in the present but also aligns with the long-term growth of the online casino sector. This approach is tailored for those who value and share eBit's commitment to a stable, enduring online gaming experience.

The goal is to progress alongside the community, offering a platform that not only rewards presently but also ensures stability and growth for the future.