How are tokens distributed, and what does spending tokens mean for players?

Initial Airdrop:

Tokens are distributed through an airdrop exclusively to participants of the first round of Major Jackpot NFTs. This strategic airdrop is designed to provide these early adopters with enough tokens to fully use the automation features offered on the ₿Millions platform. By directly awarding tokens to these users, ₿Millions ensures that participants can engage with the platform’s services from the outset.

Spending Tokens for Automation

Purpose of Spending Tokens: Players can spend tokens to automate their participation in various jackpots. This means that players can automate this process instead of manually logging in daily to submit their numbers for the draws. Players can submit their numbers automatically by spending tokens for up to a year. This automation applies to all jackpots, including mini pots, minor, major, and verified-only jackpots.

Mechanism of Token Use

When players decide to spend their tokens for automation, these tokens are utilised in the following ways:

• Burning Tokens: A portion of the spent tokens is sent to a smart contract, which automatically burns tokens at random intervals. This token-burning mechanism is a deflationary strategy, reducing the total supply of tokens and potentially increasing their value over time.

• Staking Rewards and Development: The remainder of the tokens that are not burned are allocated towards staking rewards and future development of the platform. This allocation helps sustain the platform’s growth and enhances its capabilities while rewarding users who participate in staking.

Implications for Players

• Enhanced Convenience: Players enjoy enhanced convenience and peace of mind by spending tokens to automate their entries, knowing their numbers are always in play without needing daily attention.

• Potential for Token Appreciation: The automatic burning of a portion of the spent tokens decreases the total token supply, potentially increasing the value of the remaining tokens and benefiting holders.

• Support for Platform Development: Using tokens for automation indirectly supports the ongoing development and improvement of the ₿Millions platform, ensuring a robust and dynamic gaming experience.

In summary, the distribution and use of tokens within the ₿Millions ecosystem are designed to enhance player engagement, ensure convenience, and support the platform’s growth while offering potential financial benefits to token holders through deflationary mechanisms and staking incentives.