Awbit Tickets
Awbit Tickets are at the core of the platform. They are our unique form of cashback. As a player, you will earn Awbit Tickets in real-time on every bet you place. Beyond playing though, there is no other way to get Awbit Tickets. Awbit Tickets are not part of a public nor private offering and will be obtainable solely by playing (wagering) on the site. This allows us to directly tie exclusive rewards and benefits to these Tickets beyond typical cashback programs, rewarding the most active among our players.
These Awbit Tickets will then have two functional layers:
- You will be able to convert Awbit Tickets into onsite balance to either cash out or continue playing with.
- You will be able to access additional utilities on the site. On launch, this will be in the form of the Awbit Pool, a unique way to benefit from the Casino's success. When we do well, we want the same to be true for the players.
There's no limit to the number of ticketsyou can accumulate. Each Awbit Ticket represents $1 of Cashback.
Earning Awbit Tickets
Awbit Tickets serve as a form of cashback with additional utility. Every wager placed on the site will earn you Awbit Tickets. They will be distributed to players on a daily, weekly and monthly basis. As you continue to play and level up on Awbit, your cashback will increase and you will earn more Tickets. The Ticketsare distributed as follows:
Value of Tickets Earned = Amount Wagered * Cashback * House Edge
This means that on Awbit your Cashback scales with how much you wager and play and not how much you lose. Naturally, a long session will thereby yield more cashback - you play a lot, you earn a lot. Your cashback will always be a percentage of the House Edge of the respective game you are playing. Playing a more volatile game? The cashback will soften the blow!
Need an example of how this works? Well, assume you wager $1000 on a slot with an RTP of 95% (which corresponds to a house edge of 5%) at 20% cashback. You will receive:
$1000 * 0.2 * 0.05 = $10 = 10 Awbit Tickets
On Awbit, you will be eligible for up to 27% cashback.
Awbit Pool
The Awbit Pool will allow players to make the most out of their cashback. It adds an additional layer to the cashback system, allowing players to further reduce the effective house-edge and earn more based on the Casino's successs.
Awbit Pool Mechanics
The Awbit pool will be funded in multiple ways:
- 0.2% of every bet (wager) placed on the site will be distributed among stakers in the pool in real time. Players will receive a fraction of this amount according to the share of the Awbit Pool their staked Awbit Tickets amount to.
- Upon entering or exiting the Awbit Pool, players are subjected to a 10% fee. This fee will also be redistributed among participants in the pool according to the share of the Awbit Pool their staked Awbit Tickets amount to.
The amount wagered on the site, and thereby the amount distributed among stakers in the Awbit Pool, is directly proportional to the casino's revenue allowing players to profit from Awbit's success!
Awbit Pool Lifetime
The Awbit Pool will have a fixed lifetime of 3 Months. Once the Awbit Pool closes, participants still staking will receive the Awbit Tickets they have in the pool without being subjected to the exit fee.
This way, we'll be able to update and improve the Awbit Pool and offer new iterations whilst also rewarding those players that support the system by adding liquidity to the Awbit Pool for longer periods of time.
Stay Tuned for More!
As Awbit continues to evolve, so do the opportunities for players. Keep an eye out for exciting updates and additional utility features that will enhance your overall experience on Awbit. There's a lot of updates in the pipeline including both a more dynamic pool and more ways for players to participate in Awbit's sucess.
Start earning Awbit Tickets today and immerse yourself in a gaming world where your rewards are as thrilling as the games themselves. Happy gaming!
