Tokenomics
Last updated
Last updated
SHFL is a utility token that allows users to benefit from wagering and staking on Shuffle.com
SHFL as a Wager Asset — SHFL can be used to gamble on the suite of games available on Shuffle, all the way from slots to sports. This creates a differentiated sink for SHFL and gives the most back to users.
SHFL Burn — SHFL will be burnt on weekly basis with a portion of our SHFL NGR. SHFL tokens will be permanently burnt, reducing total supply.
Airdrop & VIP Rewards — By wagering in SHFL, you increase your allocation in upcoming SHFL Airdrops as well as earn increased VIP Rewards.
SHFL Lottery — Users can stake SHFL for the chance to win USDC every week.
By having both staking and buyback and burn mechanisms, SHFL now has a completely unique model. The prize pool of the lottery pushes SHFL to be staked in the short term. In the long term, the circulating supply shrinks via the SHFL NGR Burn, creating a unique supply situation where both current float and future float are constrained. This creates a best of both worlds phenomenon for SHFL and pressure on both the short and long tail token supply.
