Crypto casino and sports betting platform Shuffle plans to airdrop SHFL tokens in the coming weeks.
The Block confirmed that the platform is targeting the first week of March for SHFL’s token creation event and airdrop, which will take place on the same day.
This morning, the platform announced its token economics structure and airdrop plan through its official white paper. Shuffle plans to give away 28% of its total token supply through three airdrops over the next few years, with the first airdrop providing the largest chunk at 10%.
Dive into token economics
5% of SHFL will be transferred to the platform’s liquidity bootstrapping pool. All USDC generated through liquidity provisioning will be used to provide liquidity to the token’s USDC pool and will be activated after the liquidity bootstrapping pool is completed.
An additional 2% goes to the liquidity mining program, 8.8% to early contributors, 25% to the team, and 31.2% to Shuffle’s treasury.
The maximum and total token supply of SHFL is limited to 1 billion, with an initial circulating supply of 71,126,984 SHFL.
Shuffle users can use SHFL, an ERC-20 token, as a way to access betting assets and benefits, and the token has a buyback and burn mechanism. The platform has seen 35,000 users place 2.8 billion bets since its launch on February 1, 2023.
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About the author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.