BUSTA launches GameFi platform on Binance Smart Chain
BUSTA announced this week the launch of its GameFi platform on the Binance Smart Chain. BUSTA will house several games and tokens with different ways to win.
Players can wager and keep $ BUST while earning rewards when people play and trade. The BUSTA platform also contains decentralized exchange, staking pools where investors can stake $ BUST and affiliate / partner programs. It is governed by a decentralized autonomous organization.
BUSTA launches its launch with its flagship BUSTA CRASH, a progressive jackpot game similar to the bustabit crypto crash game. Users can place bets with BNB, watch the multiplier curve rise 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 leave, they lose their bet.
Existing iGaming and DeFi projects offer single / limited use platforms with little use or benefit to participants beyond their basic functions. To change that, the founders of BUSTA created a circular business model that benefits gamers, investors, investors, traders, affiliates and partners, while tapping into a multi-billion dollar industry. The company said the ecosystem is designed in such a way that each component benefits the other, and as each increases in popularity and volume, the entire ecosystem and community reap the rewards.
BUSTA has five main features, starting with the iGaming platform which offers several games. There is also a decentralized niche exchange and yield farms that make it easy to trade and stake $ BUST and other tokens. A partnership portal allows others to list the tokens on BUSTA’s platform for constant combustion pressure, and a decentralized, autonomous degenerator organization provides community control over some processes. BUSTA also offers an affiliate program.
“We are taking iGaming and DeFi to the next level because there is so much untapped potential with the technology available that people are not yet using.” noted Neil apestrong, project manager at BUSTA. “We took advantage of this and intricately designed our ecosystem to make our games fun and rewarding to play, to inspire to own and wager our $ BUST token and to allow our community to grow exponentially, all playing an incredibly active and important 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 to acquire entire game companies or come up with deals to connect third-party games to the BUSTA tokenomics.
BUSTA said its games will be proven fair and generate a small amount of revenue for the platform in the form of House Edge. The House Edge is then distributed throughout the ecosystem via smart contracts for the benefit of the community and $ BUST token holders. All games will earn their winnings from the BUSTA Bankroll, which will initially be funded by presale, then will be automatically and perpetually topped up with a percentage of the House Edge and by users putting their own BNB into the bankroll pool for direct return rewards under. form of BNB and BUST tokens.