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Every decentralized platform with an ecosystem needs something that could help with the information flow and facilitation of all transactions on the platform. Using existing tokens would be too dependent and vulnerable. That is why we came up with our own token – BIGSB. $BIGSB is the native token of BigShortBets platform that serves multiple functions.
Having the appropriate amount of BIGSB tokens will also qualify for reduction of the fee for transactions on bigshortbets Decentralized Futures Market
On top of all functions we have deflationary nature and sustainable staking programme based on RFI (Frictionless Yield Generation). From every transaction made with $BigSB on blockchain a 1,5% fee is deducted. 0,5% of this fee is burned, and 1% of it is distributed proportionally among hodlers. It means that from each transaction made with $BigSB on blockchain net you will be automatically rewarded for hodling $BigSB.
BigShortBets charges a 1.5% fee per each transaction.
Staking is achieved via the usage of an RFI – like mechanism. Staking always works for every
hodler – thanks to which we cut off the supply of tokens and encourage $BigSB owners to hodl.
The number of tokens one has directly influences the quality and access to market data,
leaks and non-public data. Any active user is incentivised to utilise the coins to operate
within the platform.
Thanks to that we limit the supply of tokens in the market and decrease the supply pressure –
translating into a higher probability of increasing the token’s value.