NFT Utility
We have three existing collections: the Chippy, Gambler, and Loyalty passes. Each collection has its own unique utility.
i. Earn $CHIP
There are 480 million $CHIP tokens that will be distributed to stakers over a 4-year period.
Our NFT holders can earn $CHIP by staking their assets without leaving from their wallet. The amount of $CHIP you earn will be based on the rank of your asset. You can check the ranking of every collection at CNFT Tools.
ii. House Earnings Reward (HER) System
50% of the house earnings will be distributed to NFT holders simply by staking their NFTs in the newly updated staking platform.
HER (or House Earnings Reward) will be determined by the type of NFTs you own. For instance, if you own a Slot Head NFT and the revenue is generated from slot machine games, then you will receive a larger HER compared to other NFT classes.
The table shows the percentages of each classes based on the type of games.
Two months after the mainnet release, we will initiate the HER system to ensure that our newly updated staking system is already active.
iii. Reduced Transaction Fees
The casino industry is highly competitive, with numerous operators vying for the attention of players. In such an environment, any advantage can be a game-changer. Reduced transaction fees, for example, can significantly distinguish one casino from its competitors.
At Cardano Casino, we typically charge a 4% transaction fee on every transaction. However, for those who hold a Loyalty Pass, they can enjoy a substantial 50% reduction in these transaction fees. This means that for users with a Loyalty Pass, their transaction fee is effectively reduced from 4% to just 2%.
The Loyalty Pass not only reduces fees but also serves as a symbol of appreciation for our long-term, committed players.
iv. Other Upcoming Rewards
Free Spin
Free spins in slot machines are a popular feature in both the online and land-based casino worlds. Some casinos incorporate them into their promotions, while others offer them as rewards to loyal users and as bonuses to attract new ones.
We will be introducing free spins as a reward for our NFT holders, including Diamond and Platinum Pass holders, as well as Slot Head members. Holders will be able to claim their Free spin every month.
Airdrop Event
Our Loyalty Pass Holders will receive a $CHIP airdrop, which will occur on three different dates. The specific dates will be announced following our token sale.
The amount of $CHIP you receive depends on your tier.
Diamond Pass Holders will receive 2.5 times more than Platinum Pass Holders, and Platinum Pass Holders will receive 1.5 times more than Gold Pass Holders.
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