Scorpion Casino and its native token SCORP have just entered the crypto space with a plan to bury legacy play-to-earn models through a groundbreaking revenue-sharing system for passive income.
The project intends to use platform revenues from its casino to provide a passive income to holders.
Investors are quickly rushing to take this opportunity before it passes after the presale crosses the $510,000 milestone.
Scorpion Casino Raises $500,000 as Investors Flock for Passive Income Opportunities
The presale for Scorpion Casino continues to grow after 1,150 participants have already rushed to enter, pushing the presale past the $510,000 milestone today.
Investors are eager to see its long-term passive income prospects, which grow as the casino gains more adoption.
In addition, investors are intrigued by the deflationary mechanisms within the ecosystem, which will eventually make the token more scarce over time and increase its value.
Scorpion Casino intends to help investors become casino owners without going through the one- or two-year process it takes to register and avoid the $2 million start-up costs.
Instead, investors can simply purchase as much SCORP as they want and instantly become casino owners, sharing a portion of the profits generated on the platform.
Overall, the project intends to eventually become the number online social gambling platform where users can earn a daily yield based on the casino’s performance.
The team has stated that users can earn up to $10,000 USD in daily passive staking income once the casino becomes established in the industry.
SCORP Intends to Bury Play-to-Earn Through Intuitive Revenue Sharing Model and Deflationary Tokenomics
The project intends to bury the play-to-earn models – which have proven inconsistent with the earnings they provide users.
In play-to-earn models, like Axie Infinity and The Sandbox, users earn revenues for playing games and reaching certain milestones. When the market is bullish, the rewards can be quite substantial – causing many people to leave their jobs and play these games full-time.
Unfortunately, the 2022 crypto crash proved these economics were unsustainable. As the market crashed, so did the rewards earned in this play-to-earn ecosystem – leaving all users with significantly less earnings.
On the other hand, Scorpion Casino intends to use a revenue-sharing model through its casino profits and combine this with deflationary tokenomics to add additional value to SCORP.
As you know, gambling works well in either market – it doesn’t matter if the crypto industry is bullish or bearish because the passive income will be consistent.
There are two methods that Scorpion Casino intends to provide a passive income.
The first method is through platform profits. The team will use up 20% of the platform profits to buy back SCORP from the open market – providing it with sustained demand.
Of the SCORP purchased, 50% is distributed to all SCORP stakers, and the other 50% is sent to a burn address – reducing the supply.
As a result, the token supply will decrease while the demand on the open market will increase – leading to a huge supply shock and increased value over time.
The second method to provide passive income is through the token’s smart contract.
Every time a user sells SCORP, they’re met with a 10% sales tax, of which 2% is redistributed to SCORP holders, and 1% is burnt – further increasing the deflationary mechanism.
Beta Live: Fully-Fledged Casino With Licenses and High-Quality Products
The best part about investing in SCORP is that the casino is already live with a beta version, so investors can test the product before they dive in.
It’s built with the highest possible quality in the online gaming industry as it’s connected to major gaming providers like NetENT and AMATIC.
As a result, gamers will have the highest quality experience with all their favorite games integrated, such as poker, blackjack, slots, and roulette.
In total, there are over 210 casino games, with an additional 160 live games.
The platform also hosts a sportsbook that allows users to place wagers on the outcome of their favorite sports matches.
Scorpion Casino gets its data from BetRadar to provide the sports data, so all the major leagues are integrated for sports like football, tennis, basketball, boxing, and MMA, with over 30,000 betting options.
Finally, it’s important to mention that the casino is fully regulated and licensed by the Curacao iGaming licensing entity – meaning the platform is provably fair and totally transparent, making it the perfect venue for gamblers.
Invest In the Industry’s Best Passive Income Opportunity Before It’s Too Late
Overall, SCORP provides one of the industry’s best passive income opportunities. With the presale sailing through the milestones, it’s important to get invested before the opportunity passes.
The token itself will also be the default currency for placing bets and wagers on the casino and sportsbook – providing it with considerable value.
The presale is currently selling the token for $0.015. With a listing price of $0.05, investors are already guaranteed significant gains as soon as it launches on exchanges following its presale.
Users that purchase over $1,000 SCORP in the presale are enrolled in the Elite Scorpion Members Club, which provides VIP services, such as cashback, extra staking rewards, extra SCORP tokens, and much more.
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