The BetBera NFT collection
Beyond exposure to Berachain and BetBitX; the BetBera NFTs are integral to our ecosystem’s revenue-sharing model via the xBIT token. Within BetBitX's ecosystem, Betberas utilize the 6551 standard to accrue real yield. Beyond BetBitX, ERC6551 opens up countless other opportunities for DeFi integrations.
In a Nutshell
BetBeras plays a crucial role in BIT’s deflationary model, with built-in liquidity through NFT markets.
Think of BetBera NFTs as perpetual NFT bonds that continuously grow in value as BetBitX expands. Over time, we also plan to integrate Betbera NFTs into more DeFi protocols, increasing their DeFi composability and value potential.
As seen in our token economics below, BetBeras are designed to provide ongoing value accrual for holders through the BetBitX flywheel 🎡: -> User A holds a BetBera, holds BIT, & wagers on BetBitX -> The built-in house edge ensures long-term profitability for the house -> Revenue is used to buy back BIT -> BIT is burnt and converted into xBIT -> Constant buy pressure creates BIT supply shock -> Value accrual for $BIT 🔥 -> xBIT Distributed to Betbera NFT -> BetBera NFT continues to accumulate more xBIT -> The higher the amount of xBIT each BetBera holds, the higher the revenue share -> Value accrual for Betbera Holders 🔥
Initial Utility
Get early access to our web 2 game casino (we accept stables)
Exposure to boosted BIT allocations via upcoming BBX campaigns
Mainnet utility
Distribution of xBIT from our periodic burns, which accrues real yield from our platform
Compounded significant revenue share, second only to BLP itself
Governance mechanism
Creating liquidity for xBIT (burnt BIT) tokens via NFT marketplaces
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