SDT Acquisition & Burning
Token Acquisition
SDT tokens can be acquired through the following methods, providing users with various avenues to obtain and participate in the Seven Deuce ecosystem
In-Game Chests
Players can acquire SDT tokens as rewards by opening in-game chests within the Seven Deuce platform. The SDT token rewards obtained from these chests vary based on game progression and achievement completion, incentivizing active player engagement and exceptional performance.
Participation in IDO (Initial Dex Offering)
Users have the opportunity to participate in the IDO of SDT tokens, purchasing them at a predetermined price. This allows individuals to become token holders and actively contribute to the growth and development of the platform.
Purchase on DEX Market
SDT tokens will be listed on Decentralized Exchanges (DEX), enabling users to buy and trade SDT tokens on the platform. Through DEX market participation, users can engage in flexible buying and selling operations based on market supply and demand dynamics and personal investment strategies.
Staking veSDT earns BTC, ETH, BNB or SDT
Players have the option to stake their existing SDT tokens and participate in the platform's gauge voting reward mechanism, earning additional SDT tokens. This dual incentive of holding and participating provides players with increased demand for SDT tokens while enhancing token stability and utility.
veSDT Revenue Sharing in SDT
Revenue collected from Rake Fee and Tournament Fee are partially distributed to veSDT holders in form of SDT. Revenue collected in USDT used to purchase SDT from Seven Deuce's protocol and PancakeSwap.
Token Burning
SDT token burning is implemented through a mechanism driven by 50% of the transaction fees collected by the Seven Deuce platform. This mechanism aims to reduce the token supply, increase scarcity, and enhance the value of SDT tokensใ
The token burning process is as follows๏ผ
Sell Tax
Burn Pool is created to burn 50% of Sell Tax. Whenever a SDT holder sell his SDT token, 50% of SDT will be burnt and yet reduce the total SDT token supply. This mechanism very likely to benefit SDT long term holder, ensuring the healthy circulation of SDT token.
Rake Fee
This mechanism utilizes the rake fees collected from games, deducting rewards and expenses, to initiate the buyback of SDT tokens from the market for subsequent burning. Through regular buyback and burning processes, the token supply of SDT gradually decreases, enhancing token scarcity and unlocking its value potential.
Marketplace Transaction Fee
Using the accumulated funds from transaction fees, the platform initiates a token buyback process, repurchasing SDT tokens from the open market. The purchased tokens are then permanently burned, removing them from circulation.
Scarcity and Value Enhancement
Through the token burning mechanism, the circulating supply of SDT tokens gradually decreases, creating scarcity. As the supply diminishes and potential demand increases, the value of SDT tokens may rise, offering potential returns for token holders.
The combination of token acquisition methods and token burning measures enhances the economic value and stability of SDT tokens within the Seven Deuce ecosystem. By providing diverse avenues for token acquisition and implementing sustainable token burning mechanisms, the platform encourages user engagement, increases the scarcity and attractiveness of SDT tokens, and offers participants additional opportunities and potential rewards.
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