The TOSS Token – Metrics, Economics and Bonuses. All You Must Know

3 min

PROOF OF TOSS is a brand new betting platform constructed on blockchain the place customers can create wagers, guess, and decide. The mission’s objective is to disrupt the normal betting trade and enhance person expertise on this space. The group has developed the primary betting protocol on RSK which is fueled by TOSS tokens. The mission is in its closed token sale stage now, however everybody can be part of the whitelist and get 1000 bonus TOSS tokens, for a purchase order of any quantity.

PROOF OF TOSS is an ecosystem for betting, that may act as a peer-to-peer platform for end-users and in addition will present a white-labeled open supply answer for working corporations to produce occasions on any scale. With PROOF OF TOSS, customers get transparency, safety from fraudulent actions, nice market protection, and the likelihood to guess on something. All the things on the platform is embedded within the logic of sensible contracts, powered by the promising RSK blockchain, that has just lately launched its predominant web.

TOSS is a utility token of the ecosystem, that’s used to create wagers, place bets, vote on outcomes, create deposits and collateral, obtain prizes and rewards. Tokenization, basically, offers betting with many benefits, akin to sooner transactions and assure of honest outcomes. Additionally, tokens assist scale the system and cut back the danger of server crashes and different technical fails.

Token with 4 decimal locations

TOSS token could have solely 4 decimal locations as a result of it’s inconvenient to guess with a coin divided into too many elements. In case you play with a extremely fractional coin, it’s very doubtless that you’ll make a mistake and in consequence, guess ten occasions extra or ten occasions lower than you needed. If a token is split solely into ten thousand elements, it’s straightforward to see all of the zeros, no have to rely them. Such usability is efficacious for gamers.

In PROOF OF TOSS, a complete of 1 billion TOSS tokens will likely be launched. 70% will likely be distributed amongst all patrons of the token sale, in accordance with their buy, and bonuses. 30% is reserved for the core group and advisers (7%), bounty (1%), whitelist (1%), founders (10%) and 11% for the PROOF OF TOSS Basis.

Fastened tokens quantity, no burn

The mission has an uncommon token economic system: tokens that gained’t be bought will likely be distributed between all token sale members in proportion to their purchases. In the course of the token sale, the per token worth will likely be $0.17. Nevertheless, the precise token worth is versatile resulting from the truth that all unsold tokens will likely be distributed amongst token patrons. Due to this fact your buy won’t lose its worth however the quantity of tokens you obtain when the token sale is over could range. For instance, in the event you spend $85 and don’t qualify for a bonus you’ll obtain a complete of 500 TOSS tokens. Nevertheless, if throughout our token sale we solely promote 200m TOSS tokens, the remaining 500m will likely be distributed amongst all patrons in proportion to their preliminary buy and you’ll obtain an extra 1249,9999 TOSS tokens, totaling your buy to 1749,9999 TOSS tokens at a worth of $0,04857143 every.

Unsold tokens are sometimes burned after the token sale, that enables the house owners to regulate the availability of their tokens. However tokens in PROOF OF TOSS don’t simply symbolize an summary worth, they’re used to work together with the platform. The mission is aimed to facilitate many customers, and thus wants a major quantity of tokens for evolving. By estimation, an quantity of billion tokens will cowl weekly turnover.

Whitelist with airdrop

PROOF OF TOSS goes by way of it’s closed presale stage now. Presently, the minimal buy is $50000 with a volume-based bonus ranging from 30%. The whole quantity of TOSS tokens out there for the personal sale is restricted to $17500000 price.

Nevertheless, the primary 10000 folks that be part of the whitelist and buy TOSS tokens in the course of the open token sale will get 1000 TOSS tokens as an early hen bonus.

The mission has launched a whitelist, the subscription field for it’s positioned on the entrance web page of the web site.

“This whitelist with a bonus is completely different from a typical airdrop. Though just like the airdrop it does carry a perform of build up the neighborhood, there’s a name to motion that represents devotion and perception within the mission by the neighborhood. We wish to construct our neighborhood with true supporters, not freeloaders”, says CEO PROOF OF TOSS Dmitry Starostenkov.

PROOF OF TOSS within the Web

Be taught extra about PROOF OF TOSS at www.toss.professional and be part of the Whitelist.

Speak to the group in our Telegram
Be a part of the mission’s web page on Fb
Keep tuned and comply with the mission on Twitter

Disclaimer: The opinions expressed on this article don’t symbolize the views of NewsBTC or any of its group members. NewsBTC isn’t answerable for the accuracy of any of the data equipped in Sponsored Tales/Press Releases akin to this one.

User Review
0 (0 votes)

Like it? Share with your friends!

What's Your Reaction?

hate hate
Angry Angry
confused confused
Fail Fail
fun fun
Geeky Geeky
Lol Lol
Win Win




Nikolai is a Canadian writer currently living in Singapore. His started writing on Blockchian and bitcoin since 2017, he do Reviews and Analysis on Coins, ICOs. He holds a Master in Business Management and have keen interest in Computer Since, Blockchain and love to write on latest trends in Blockchain space.

We would like to keep you updated with special notifications.

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format