Community-owned sportsbook tokens align the house with the players. A slice of verified profit is used to buy and burn tokens on-chain, reducing supply while utility keeps demand real.
How it works (90 seconds)
- 🏦 Treasury in, burn out. 10% of net profit buys tokens on the market and burns them.
- 🗳️ Community steering. Holders vote on listings, promos, and roadmap.
- 📈 Utility loop. Fee discounts, higher limits, VIP tiers → lasting demand.
- 🔍 Transparent flows. Wallets and reports are public and auditable.
Mystic Bets routes 10% of verified net profit to
buybacks and on-chain burns each period.
Tokenomics that matter
- Supply schedule: hard cap, cliffs, clear vesting.
- Value capture: buybacks/burns + in-product utility.
- Liquidity depth: enough LP to reduce price impact.
- Runway & cadence: predictable burn schedule, public reports.
Example flow
Profit period → take 10% → market buy → burn tx → publish report + tx hash
Why community-owned?
- Aligned incentives — players become owners; owners invite players.
- Faster feedback — governance shows what to build next.
- Lower CAC — word-of-mouth from invested users.
Realistic risks
- Volatility: tokens swing; manage risk.
- Execution: burns without growth aren’t a strategy.
- Regulation: follow local rules.
FAQ
How is “profit” defined for the 10% burn?
Verified net profit for the period after costs. We
publish wallet flows and the burn TX.
Do holders get dividends?
No. We use buybacks/burns and in-app utility to drive value
without distributing cash.
Is there a lock-up or vesting?
Team/partner allocations vest linearly with cliffs. Full
schedules are in the docs.