BUSTA this week announced the launch of its GameFi platform on the Binance Smart Chain. BUSTA will be home to multiple games and tokens with various ways to earn.
Players can stake and hold $BUST while earning rewards as people play and trade. The BUSTA platform also contains a decentralized exchange, staking pools where investors can stake $BUST and affiliate/partner programs. It is governed by a decentralized autonomous organization.
BUSTA is kicking off its launch with its flagship game BUSTA CRASH, a progressive jackpot game similar to the crypto crash game Bustabit. Users can place bets with BNB, watch the multiplier curve increase, and click the stop button to claim their winnings before the game “crashes”. The longer the round, the more they can win; however, if the game crashes before they exit, they lose their bet.
Existing iGaming and DeFi projects offer single/limited-purpose platforms with little utility or benefits for the participants beyond their base functions. To change that, the BUSTA founders created a circular business model that benefits players, investors, stakers, traders, affiliates, and partners, all while tapping into a multi-billion dollar industry. The company said the ecosystem is designed so each component benefits the other and as each increases in popularity and volume, the whole ecosystem and community reaps rewards.
BUSTA has five primary features, beginning with the iGaming Platform which features multiple games. There is also a niche decentralized exchange and yield farms which facilitate trading and staking of $BUST and other tokens. A partnership portal allows others to list tokens on BUSTA’s platform for constant burn pressure, and a degenerator decentralized autonomous organization provides community control over some processes. BUSTA also offers an affiliate program.
“We are taking iGaming and DeFi to the next level, as there’s just so much untapped potential with the technology available that people aren’t utilizing yet.” said Neil Apestrong, project lead at BUSTA. “We’ve taken advantage of that and intricately designed our ecosystem in a way that makes our games fun and rewarding to play, incentivizes holding and staking our $BUST token, and allows our community to grow exponentially, all while playing an incredibly active and powerful role in the operation and further development of BUSTA.”
The gaming platform will release a few more games “in-house” by core team members, but will also look into acquiring entire game companies or offering deals to wire up third party games to the BUSTA tokenomics.
BUSTA said its games will be provably fair and generate a small amount of revenue for the platform in the form of the House Edge. The House Edge is then distributed throughout the ecosystem via smart contracts to benefit the community and $BUST token holders. All games will draw their winnings from the BUSTA Bankroll, which will be funded initially from the presale, then be automatically and perpetually topped up further with a percentage of the House Edge and by users staking their own BNB into the bankroll pool for direct yield rewards in the form of BNB and BUST tokens.