SPIN Token (SPIN)
Contract Address: 0x777ecd9a05d4640133f6112F3aA777f1eD5AcACESPIN Description and Tokenomics
SPIN is the native utility token of the SPIN IT casino platform. It serves as the primary medium for deposits, wagers, and rewards within the ecosystem. Players use SPIN to participate in various casino games, betting activities, and platform events. The token is designed to create a seamless gaming experience while offering holders additional benefits such as Bet2Earn rewards for active players, priority access to high-stakes tournaments and exclusive events, and passive income through revenue-sharing buyback mechanisms.
SPIN Supply
SPIN's tokenomics model democratizes the casino by rewarding both active users through usage airdrops and token holders through staking. Casino revenue fuels regular SPIN buybacks with 50% going to permanent burns (creating deflationary pressure) and 50% distributed to SPIN stakers via an staking directly in the casino.
The total supply of SPIN tokens is distributed as follows:
- Airdrops: 45%
- 1% to Derp NFT Holders
- 9% Based Airdrop
- 35% Usage Airdrop (wagers, events, etc)
- Treasury: 30%
- Team: 13%
- Liquidity Pool: 8%
- Liquidity Mining (Vote Incentives): 4%
Team tokens are held in multisig and staked on SPIN, with the staking revenue paying the team to align team incentives with users. This allocation ensures that a significant portion of tokens goes directly to the community and active users, while providing adequate resources for development, operations, and liquidity.