Important Update – Moving to $BBT-Based Rewards!
We’re making a major change to how revenue share works and want to speak directly to our NFT holders first.
Since launch, our profit-sharing model has been based on NFT ownership. However, as Basebet looks to grow, we need to evolve to a more sustainable and scalable system that benefits both the platform and our holders in the long term.
TL;DR
NFTs will no longer provide profit shares; revenue shares are now tied to $BBT holdings.
30% of the total $BBT supply (300M BBT) will be airdropped to NFT holders.
We will post when the snapshot is taken in a future announcement. The $BBT distribution will follow shortly after. To be eligible, your NFTs must be staked—unstaked NFTs will not receive the $BBT airdrop
Only Special Trait NFTs will retain utility, offering perks like free spins and free bets.
Profit share is now in USDC, distributed automatically every 6 hours.
NFT holders still control 60% of the circulating supply that earns rewards, ensuring a strong profit share.
To be eligible for the USDC airdrop, you must:
Hold at least 1 USDC;
Hold at least $50 worth of $BBT for at least 24 hours;
Store the above minimum tokens in a regular wallet, not an exchange, multi-sig, or smart contract address/wallet.
We’ve explained everything in detail below regarding what’s changing, supply, profit sharing, and why we’re doing this, and tackled what we think will be frequently asked questions.
What’s Changing for NFT Holders?
Profit share will no longer be based on NFTs. Instead, it will be determined by the amount of $BBT you hold.
We are airdropping 30% of the total $BBT supply to NFT holders—this means you will receive a significant share of $BBT, to continue earning revenue share.
Profit-sharing will now be distributed in USDC, providing more stable, direct rewards.
NFTs will exist purely for utility moving forward. While they will no longer determine revenue share, special traits will benefit from free spins and free bets, once we reach the already published revenue targets.
How Much of the $BBT Supply is Earning Rewards?
With this new system, profit-sharing is now tied to $BBT holdings, but it’s important to clarify that not all of the 1 billion $BBT supply will receive rewards—only a limited portion of the total supply qualifies.
Here’s how it breaks down:
300 million $BBT (30%) – This is being airdropped to NFT holders, making them a significant part of the ecosystem.
200 million $BBT – The current circulating supply available in the market.
How is circulating supply calculated?
Total BBT supply: 1 billion
Minus 300M allocated to NFT holders
Minus 500M allocated to team, treasury, marketing, liquidity pool, and Basebet cold wallets
Total remaining in circulation: 200M BBT
Exempt from rewards: The liquidity pool, team wallet, treasury, marketing funds, and Basebet cold wallets will NOT receive profit share.
Why This Matters:
The total supply of $BBT is 1 billion, but because so much of it is locked or excluded from profit-sharing, only about 50% of the supply is actually earning rewards.
NFT holders will receive 30% of the total $BBT supply, ensuring they maintain a strong position in the ecosystem.
Profit-sharing remains concentrated, benefiting active holders of $BBT while ensuring a scalable long-term model.
How Profit Sharing Will Work Moving Forward
40% will go to BBT holders, and 10% will support the liquidity pool.
1️⃣ 20% of profits will be distributed every 6 hours
2️⃣ Another 20% of total monthly profits will be distributed at the end of the month
3️⃣ 10% of profits will be allocated to the liquidity pool (LP) at the end of the month until the LP reaches $1 million, after which this allocation will transition to a buyback and burn system, reducing circulating supply and increasing value for holders.
We are keeping aside 20% of any daily profits to ensure stable payouts, reduce volatility, and protect profit-sharing and essential platform operations over a full month.
💡 Example Scenario over a 3 x 6-hour period
6-hour period: Casino makes $1,000 profit → $400 allocated for $BBT holders
$200 (20%) is distributed immediately
$200 (20%) is held for end-of-month distribution
Next 6-hour period: Casino loses $1,000 → No distribution
Following 6-hour period: Casino makes $1,000 profit
Since the previous period had a $1,000 loss, this profit first covers that loss.
No distribution occurs in this period.
Losses must be recovered before new distributions occur, ensuring that payouts are based on net profit over time.
The dashboard will reflect real-time updates on profit-sharing, showing how much is distributed every 6-hour cycle and how much is set aside for the end-of-month payout.
Why This Change Is Better for You and the Project
✔️ Direct USDC Rewards – No need to convert, stake, or worry about liquidity or price action—holders will receive stable, direct payouts every 6 hours.
✔️ Long-Term Growth for Basebet = More Value for You – As Basebet grows, $BBT becomes more valuable.
✔️ More Liquid & Flexible – If you want to sell some $BBT, you can do so easily, unlike NFTs, where selling meant waiting for a buyer and losing full profit share.
✔️ Easier for New Investors – New participants can join the project at any level by buying $BBT, rather than needing a larger upfront investment in an NFT.
✔️ More Potential Investors & Brand Ambassadors – With liquid tokens instead of NFTs, more investors can enter at different levels, increasing the number of people earning a revenue share. This means more community members with a vested interest in Basebet’s success, helping grow the brand.
✔️ A Simpler Marketing Message – Simply buy and hold $BBT (versus buying/staking NFTs and buying/staking BBT).
Next Steps & What You Need to Do
Ensure your NFTs are staked so are eligible for the $BBT airdrop.
We will post when the snapshot is taken in a future announcement. The $BBT distribution will follow shortly after. To be eligible, your NFTs must be staked—unstaked NFTs will not receive the $BBT airdrop
$BBT Airdrop to NFT Holders – The 30% supply allocation (300 million $BBT) will be distributed to NFT holders. Details on the exact snapshot and distribution timing will be shared soon.
Profit-Sharing System Activation – Once the airdrop is complete, revenue share will shift to the new $BBT-based model, meaning holders of qualifying tokens will start receiving USDC payouts every 3 hours, with an additional monthly payout.
USDC Airdrop Eligibility Requirements – To qualify for the USDC airdrop, you must:
Hold at least 1 USDC;
Hold at least $50 worth of $BBT for at least 12 hours;
Store the above minimum tokens in a regular wallet and not an exchange, multi-sig, or a smart contract address/wallet. It needs to be a wallet such as phantom, solflare, trust wallet etc
More Updates: We will continue sharing posts, including any queries and timelines.
We appreciate your support as we transition to a more scalable, liquid, and rewarding system for Basebet and its holders. We know this is a big shift, but we believe this is the best path forward. Thank you for being part of this journey! 🚀
Your Questions Answered
1. How does this affect me as an NFT holder?
You’ll receive an airdrop of $BBT proportional to the number of NFTs you hold, ensuring you still benefit from revenue share.
Special Trait NFTs will keep their utility with free spins and bets. We want to introduce more exclusive perks in the future.
2. Will I still earn revenue share just by holding my NFT?
No, revenue share is now tied to $BBT holdings, not NFTs. However, all (staked) NFT holders will receive an airdrop of $BBT, ensuring they still benefit from profit-sharing—just through token ownership instead.
3. How much $BBT will I get in the airdrop?
The 300 million $BBT (30% of the total supply) will be shared among all NFTs staked at the point of the snapshot. The exact amount you receive depends on how many NFTs you have staked at that time.
4. How do I ensure I’m eligible for the airdrop?
Make sure your NFT is staked. Only staked NFTs will receive a share of the 300 million $BBT airdrop.
We will post when the snapshot is taken in a future announcement. The $BBT distribution will follow shortly after. To be eligible, your NFTs must be staked—unstaked NFTs will not receive the $BBT airdrop.
Additionally, to qualify for the USDC airdrop, you must hold at least 1 USDC, have $50+ worth of $BBT for at least 24 hours, and store it in a regular wallet.
What is a regular wallet?
A regular wallet mean, self custody wallet not some exchange, smart contract or other such wallets. It needs to be a wallet such as phantom, solflare, trust wallet etc
6. Will I need to stake my $BBT to receive a profit share?
No, you do not need to stake $BBT. If you hold qualifying $BBT, you will receive automated USDC distributions every 6 hours, plus the additional monthly payout.
7. What’s the benefit of holding my NFT now?
No NFTs provide profit share. Only Special Trait NFTs will retain utility. These NFTs grant exclusive perks, including free spins and free bets.
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