🔃Tokenomics & Future Transition
🎰 BitStake Tokens (BST) & Future $BSC Integration
BitStake operates with BitStake Tokens (BST) as its primary in-casino currency, allowing players to wager, earn rewards, participate in the lottery, and unlock VIP benefits. In the future, we will introduce $BSC (BitStake Coin) as the official cryptocurrency of the platform.
To ensure a smooth transition, both BST and $BSC will coexist in users’ wallets, allowing players to freely manage their balances, convert between the two, or continue using BST within the casino.
🟡 Phase 1: Current System – BitStake Tokens (BST)
🚀 BST is the official in-casino gambling token, used for:
✔ Placing wagers on games (slots, live casino, and in-house games). ✔ Earning rakeback & cashback based on VIP status. ✔ Opening cases to win CS skins, game assets, and exclusive rewards. ✔ Entering the lottery and jackpot system for bigger prizes. ✔ Ranking up in the VIP program for better perks.
BST becomes an internal, non-withdrawable currency, ensuring a rewarding gaming experience for all players. To withdraw funds, players must first convert BST to $BSC, as only $BSC is eligible for withdrawals.
🟠 Phase 2: Introducing $BSC (Hybrid System)
🚀 Key Change: $BSC is introduced as a tradable, withdrawable cryptocurrency, while BST remains the in-casino credit.
✔ Both BST & $BSC will be stored in user wallets, allowing players to manage their balance freely. ✔ Players can choose to convert BST into $BSC or keep their BST for in-casino use. ✔ $BSC enables staking, exclusive rewards, and trading outside the platform. ✔ VIP benefits and rakeback rates improve with $BSC holdings.
🔄 How the Conversion Works:
Players can exchange BST into $BSC at a fixed or dynamic rate based on availability.
Higher VIP ranks unlock better conversion bonuses.
Example:
10,000 BST → 1 $BSC (Base Rate).
Diamond VIP players get an additional 10% bonus when converting BST to $BSC.
🟢 Phase 3: Full $BSC Integration (Final Transition)
🚀 Key Change: $BSC becomes the main currency, but BST remains as an in-casino balance option.
✔ Players can continue using BST within the casino, while $BSC will be required for staking, external transactions, and trading. ✔ BST will no longer be convertible to $BSC, but players who hold BST will still be able to wager and earn rewards. ✔ All rakeback, cashback, and lottery entries will be linked to $BSC holdings. ✔ Users can withdraw, buy, and trade $BSC on external exchanges.
🔹 Why This System Benefits Players
✔ Flexibility – Users can hold both BST and $BSC, choosing when to convert. ✔ Non-deposit players can continue earning and using BST. ✔ Seamless Transition – No immediate change for existing players, both tokens can coexist. ✔ $BSC creates real-world value, while BST remains a convenient in-casino credit. ✔ VIP players benefit from enhanced conversions, better rewards, and exclusive staking perks.
🚀 The Future of BitStake Tokens (BST) & $BSC
BST will always remain a core part of BitStake’s casino, while $BSC will serve as the official cryptocurrency for those looking to stake, trade, and earn passive rewards.
🎲 Start playing with BST now, build your rewards, and be ready to transition into $BSC.
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