Apes Casino is a crypto casino and sportsbook owned by its players that offers the best bonuses and VIP rewards of any crypto casino.
Players who hold Ape Chips (the native token of Apes Casino) will share in the success of the casino as 100% of the profit Apes Casino earns will be distributed to Ape Chip holders via daily buybacks.
With our “Play to Earn” Bet Mining feature, players will also be rewarded with Ape Chips after every bet they place at Apes Casino.
Ape Chips are the native tokens of the Apes Casino platform.
- Apes Casino shares 100% of net gaming revenue (NGR) with Ape Chip token holders through our Daily Buyback Pool.
- The token can also be used to wager on the Apes Casino platform as well as pay for any withdrawal fees.
- Token holders are also eligible to receive exclusive rewards and take part in promotional events (see the rewards section for more details).
- Token holders will be able to vote on changes to the casino platform or token features.
The casino earnings are added to a pool of funds that is used for buybacks.
The Buyback Pool can hold funds in various cryptocurrencies including Bitcoin, Ethereum, USDT, etc...
Each day, we use 2% of the total funds in this pool to buy Ape Chips on the open market. This produces daily buying pressure. The reason we use 2% of the total funds is so we can guarantee that buybacks are performed each day even if there are swings in the casinos net gaming revenue (NGR).
50% of the tokens bought each day will be burned and removed from the total circulating supply while the other 50% will be added to the treasury and only reintroduced in to the total token supply via player rewards later.
The total funds held in the pool will be publicly visible on the ApesCasino website’s token dashboard. This will also show a history of buyback and burn transactions. We will show proof of reserves of the funds held in the pool on the blockchain.
To avoid the funds sitting idle, as the buyback pool grows larger, we will stake a portion of the funds
in low risk yield farming or staking pools on various networks.
Ape Chip token holders will be able to vote on the best programs to stake funds and the profit from
yield farming will be added back to the buyback pool.
The maximum supply of Ape Chips is 5 billion (5,000,000,000) tokens.
The initial circulating supply will be 250,000,000 (5%) after the Token Generation Event (TGE) is completed.
The supply will increase as players unlock rewards and airdrops are distributed; and it will decrease
each day as we complete buybacks.
We believe in the long term success of the token and so to prevent large dumps from damaging the
price, we have put vesting periods in place for team, partnership and airdrop tokens.
The Ape Chips token will be distributed in the following way:
20% of the total Ape Chip supply will be distributed via airdrops.
To avoid large dumps of airdrop tokens, only 20% of the total tokens rewarded during an airdrop will be
available for trade on the airdrop date. The remaining tokens will be unlocked at a rate of 10% per week
for 8 weeks.
This vesting period can be reduced by wagering Ape Chips to unlock the remaining locked tokens.
5% of the total supply will be reserved for the token generation event (TGE).
We will announce more details about the TGE in future but at the moment we want to keep options open while discussing with multiple exchanges and launchpads so we can choose the best platform for a successful launch and listing.
The tokens created during the TGE will be available to trade immediately.
10% of the total supply will be reserved for partners, early contributors and private investors who have helped contribute to the success of Apes Casino.
These tokens have a 6 months cliff with 12 months linear vesting schedule.
25% of the total supply will be reserved for the Apes Casino team.
These tokens have a 6 months cliff with 12 months linear vesting schedule.
40% of the total supply will be allocated for player rewards and promotions.
These include VIP bonuses, bet mining rewards and other promotional events, and can also be used for giveaways, sponsorships and other activities that can help grow Apes Casino.
These tokens are available to trade immediately after being rewarded to a player with no vesting.
50% of the tokens bought in the daily buyback will be added back to the rewards treasury.
Players will mine Ape Chips every time they make a bet at Apes Casino.
There will be multiple mining stages to make mining tokens increasingly difficult at later staged. The
higher the stage, the more players will need to wager to mine tokens.
The number of stages and difficulty will be determined after the token generation event is completed.
Apes Casino has a multi level VIP program. Each time a player bets they will receive VIP points which will unlock higher levels.
Each time a player levels up to a new VIP rank they will receive a newly minted NFT exclusive to this rank. The higher the rank, the rarer the NFT.
Players who own a VIP NFT will be able to claim various bonuses in the form of Ape Chips including rakeback, loss back, free bets, free spins and more. The higher the VIP rank, the bigger the rewards.
Holders of rarer NFT will also be able to take part in special promotions and events.
Players will be able to trade their NFT’s on the Apes Casino website. Trading fees will be added to the Daily Buyback pool.
