⚙️Utility
Learn about the utility of TGR
Last updated
Learn about the utility of TGR
Last updated
TigraBit Coin (TGR) is a utility token that give holders exclusive benefits to Tigrabit.com
Here are the planned utility functions we aim to integrate into TGR:
Increased Rakeback - Provide a rakeback boost
Share of Profits - 10% Revenue Share with $TGR Holders
Auto-Burn - 10% Revenue generated from the platform will be used to burn token supply
More utitities will be added towards for the token as we grow.
Most GambleFi projects only offer token burns from platform revenue, without sharing profits with token holders. We’re changing the game by introducing a profit-sharing model, distributing platform profits directly to token holders.
Detailed calculations will determine the most fair and sustainable distribution rate.
Most casinos allocate about 20% of their revenue to burn tokens, but many don’t realize that the entire revenue doesn’t actually belong to the casino.
Game providers usually take a 5%-20% revenue share from the casino, directly impacting the platform's gross profit.
Furthermore the casino platform has other expenses to be operational such as:
Team Salaries
Hosting Services
Marketing Costs
Partnerships & Affiliate spend
Other operational expenses
This still creates a question: How do we be transparent?
After team discussions, two potential profit-sharing models emerged for TigraBit:
Revenue-Based Sharing: Allocate a fixed percentage of revenue, similar to how game providers operate, for profit distribution.
Profit-Based Sharing: Generate detailed expense reports to calculate net profit accurately, then distribute a percentage of the profits accordingly.
Revenue-Based Sharing emerged as the preferred model due to its simplicity and transparency. Calculating revenue is more straightforward than compiling detailed expense reports, especially since many transactions occur off-chain, which could undermine trust within the crypto community.
We will allocate 10% of platform revenue to token holders, with the potential for future increases based on community discussions.
Profits will be airdropped directly to token holders' wallets in assets earned from the platform derived in USDC.
In addition to revenue-sharing with token holders, TigraBit will allocate 5% of total platform revenue to burn the $TGR token supply, making it deflationary.
This percentage is open for future community discussions, allowing holders to decide whether to continue burning tokens or convert it into additional profit distributions.