In a world where technology is pushing boundaries and redefining industries, the concept of a fair casino might seem like a paradox. However, Digitex is on a mission to revolutionize the gambling industry by building the fairest casino in the world. Powered by a collective of liquidity providers, marketers, game developers, and validators, Digitex is changing the game in more ways than one. In today's article, we'll delve into the details of how you will be able to earn within the Digitex ecosystem.
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Revenue Sharing Programs: A Win-Win Proposition
Digitex operates on the principle of shared success. As the platform becomes more financially successful, so does its community. One of the ways in which Digitex ensures this shared success is through revenue sharing programs.
Digitex takes 3% of every winning payout and distributes it among various contributors in the following way:
Liquidity Providers: These essential participants, who enable peer-to-peer betting, receive 1% of every winning bet.
Affiliate Marketers: Those who bring in new players receive 0.5% of every winning bet for each of their referrals, forever.
Game Developers: Developers who create games for Digitex receive a 0.25% share of every winning bet made on their games.
High Rollers Club NFT Holders: 0.25% of every winning payout is shared amongst the members of the Digitex High Rollers Club.
NOTE: An additional .25% of the fees on winnings goes towards the DGTX buyback and burn program, benefiting all token holders. The 3% fees on winnings are only applied to winning payouts denominated in ETH, USDC, USDT and ARB. When you bet with DGTX tokens you pay 0% fees on all your winnings.
Crunching the Numbers: The Power of 3% Fees
At first glance, 3% fees may not seem significant, but they have the potential to add up substantially. Particularly in a well-structured, fast-paced, zero-house-edge, and 100% secure platform like Digitex, there's every reason to believe that it will garner widespread popularity.
To illustrate the possibilities, let's examine various scenarios of anticipated player growth and calculate the revenues that the decentralized platform will generate and share with its contributing ecosystem.
Example Earnings Scenario: 3% fees on winnings from 100 players per hour placing a $10 bet every minute
Average bet size per player: $10
Average session duration: 1 hour
Average bets per minute: 60
Average win rate: 50%
Average winning payout: $20
Total winning payouts per session: $600
3% fees on winnings: $18
In the above scenario, the average player is placing a $10 bet every minute and winning half of the time at an evens payout. There is no house edge on any of our games so assuming he breaks even on his betting he will win $600 and lose $600. He will pay $18 in fees on his $600 winnings.
Assuming 100 Players in One Single Hour:
Total Winning Payouts in One Hour: 100 players x $600 = $60,000
Digitex's Fees in One Hour: 3% x $60,000 = $1,800
For the Following Time Periods:
One Day: $1,800 x 24 hours = $43,200
One Week: $43,200 x 7 days = $302,400
One Month: $43,200 x 30 days = $1,296,000
One Year: $1,296,000 x 12 months = $15,552,000
Check out our chart here to see how much our collective of liquidity providers, marketers, game developers, validators, and High Rollers Club NFT members will each generate from the platform's 3% earnings.
Digitex's peer-to-peer betting model relies on Liquidity Providers. These individuals or entities add liquidity to the house bankroll, ensuring players can place bets at any time. Here's how you can earn as a Liquidity Provider:
Receive 1% of Every Winning Bet: For every winning payout denominated in ETH, USDC, USDT, or ARB tokens, Liquidity Providers earn a 1% share.
Claim Gambling Losses: All gambling losses by players in all token denominations go to the Liquidity Providers.
Proportional Share of Fees: Liquidity Providers receive a proportional share of fees on winnings and gambling profits based on the amount of liquidity they contribute.
Non-Custodial System: The house bankroll smart contract operates on a non-custodial basis, ensuring security and transparency for all participants. The Digitex platform will never hold anyone’s funds.
2. Game Developers Program: Simplifying Betting Game Development
Digitex makes it easy for game developers to create on-chain betting games without the hassle of building and maintaining blockchain infrastructure. In return, they receive 0.25% of every winning bet on their games.
Developers can focus on creating engaging games while Digitex takes care of the technical complexities, including wallet integration and bet management.
3. Affiliate & Referral Program: Build Your Network and Earn
Digitex's affiliate and referral program is a win-win for both existing and new players:
0.5% of Every Winning Payout: Referrers receive a 0.5% share of every winning payout made to their referrals for the lifetime of each player.
Refer a Friend Marketing: This system encourages user referrals, bringing in new players and creating a thriving ecosystem.
Automatic and Trustless Payments: Affiliate payments are automatically and trustlessly processed by the house bankroll smart contract.
4. Digitex High Rollers Club NFTs: Elevate Your Earnings
Earn 0.25% of every winning bet: DHRC NFT holders receive 0.25% of every winning payout made on the platform.
Fee Rebates on Winnings: These NFTs provide substantial fee rebates on winnings when betting with ETH, USDC, USDT, or ARB tokens.
Limited Supply: With only 200 High Rollers NFTs available, owning one grants you fee rebates ranging from 30% to 100%.
Zero Fees and House Edge: Multiple NFTs can be used to achieve a maximum 100% fee rebate, making it possible to enjoy Digitex with zero fees, zero gas costs, and zero house edge whilst betting with stablecoins and mainstream cryptocurrencies.
If you reference our earnings chart example with 100 players playing every single hour, .25% of passive rewards for our holders would come to $108,000 per month. If this sum would be evenly divided amongst 200 members, that comes to $540 in rewards each month — for a lifetime.
This is an incredible return given that at the time of writing this blog post, the NFT is currently worth 0.32 ETH which is just over $500. Meaning, after the first month, the NFT will pay for itself. If you're interested in scooping one up, they're available for sale here.
5. Stake DGTX as Chain Validator: Secure the Blockchain and Earn
For those interested in securing the Digitex blockchain, there's the opportunity to stake DGTX as a validator:
0.25% of every winning payout: A portion of every winning payout goes towards the chain validator program.
Permissionless Node Operation: Anyone will be able to run a Digitex blockchain node and become a validator.
Dispute Resolution: Validators help maintain the integrity of the blockchain by staking DGTX and resolving disputes.
Conclusion
Digitex's decentralized ecosystem ensures that all participants benefit from its success, whether you're a liquidity provider, game developer, affiliate marketer, NFT holder, or chain validator. As Digitex continues to redefine the world of online gambling, the opportunities for earnings and community growth are limitless. Stay tuned for the upcoming testnet launch of our platform!
I'm the lead developer at Digitex, a decentralized casino and Layer 3 blockchain aiming to revolutionize online gambling.
With zero gas fees to place bets, Digitex will open up decentralized gambling to players of all sizes. And if you bet with DGTX tokens,
you pay zero fees on your winnings.
And on the subject of betting - don't bet against the guy who just keeps showing up :)
