Blockchain technology and cryptocurrency present a lot of potential for the poker industry to tap into its utility. While currently there isn’t much awareness about the use case of cryptocurrency in poker, players in the space are slowly getting acquainted with the idea of it.
PokerFi.Finance is a project with the objective of uniting users and players in the crypto and poker spaces together. It is also working on bringing more awareness about cryptocurrencies to the poker players by providing them with a system to earn a passive income thereby incentivizing users.
What is PokerFi.Finance?
PokerFi.Finance or Poker Finance token is linked to BEP-20 on the Binance Smart Chain (BSC). It aims to provide innovation in financial transactions in live and online poker.
Users who store the PokerFi.Finance token in their wallet would get the chance to get a 6% fee for each transaction where a 3% share is distributed automatically every 12 hours to all token holders who hold more than 35,000 coins in their wallet.
Core features of PokerFi.Finance
PokerFi.Finance’s platform is built on the foundation of three ideas,
- Improving DeFi: PokerFi.Finance token holders do not need to stake their coins in order to earn profits, this is done automatically through their smart contract. The token holders get a passive income depending upon the number of transactions in their decentralized wallet.
- Poker games: PokerFi.Finance is a utility coin that would be used on its own poker platform where it would be used for cash-game entries, tournament registrations and marketplace purchases, and NFTs.
- Deflationary nature: PokerFi.Finance token holders get a chance to earn in dollars with dividends without having to sell their coins.
PokerFi.Finance Tokenomics
The PokerFi.Finance token has a total supply of 10,000,000,000 with a 56% share set aside for its launch, 30% share for its pre-sales, 5.5% for the wallet’s development and, a 3.5% share for marketing.
A 3% share is reserved for investors whereas the last 2% is for repurchasing.
The token is based on the pay-token pattern of dividends, meaning that all the profits from BUSD contract are divided in a proportionate manner according to the number of tokens in their portfolio.
As mentioned previously, PokerFi.Finance’s system automatically informs token holders about the amount due, and the 6% transaction fee of the token gets divided further into a 3% share as passive income for token holders and 2% as liquidity.
The remaining 1% would be sent to an awards portfolio.
Rakebacks
Players on PokerFi.Finance’s website would get the chance to get up to 70% cashback which would be paid weekly in $BUSD. The PointFi rewards program is accessible to everyone who joins the PokerFi website. For every $1 raked in cash game fees or tournaments, players get 1FP.
In order to grow the token’s value, a 2% share of the total rake generated on the website would be used to buy PokerFi.Finance. Users and token holders would also get a chance to receive airdrops every month as rewards.
Additionally, token holders who are qualified would get a 5% share of the total rake generated on the PokerFi.Finance website.
Conclusion
PokerFi.Finance’s mission to provide innovation in financial transactions in the poker industry is a promising one. With good playability and rakeback offers, the platform is giving its players an opportunity to earn passive income while holding their tokens.
PokerFi.Finance is going to be listed on Pancakeswap on 6th October, giving users a chance to become a part of their ecosystem. It will also be listed on WhiteBIT after their launch.
For more information on PokerFi.Finance, please check out their website.
Disclaimer: This is a paid post and should not be treated as news/advice
