BUSTA launches new “GameFi” platform on Binance Smart Chain
The iGaming / DeFi platform BUSTA on Binance Smart Chain (BSC) was officially launched today. Players can “become a house” by staking and holding $BUST, and get rewards when people play and trade.
The BUSTA platform includes a decentralized exchange (DEX), equity pool and partner program. In addition, the ecosystem is managed by a Decentralized Autonomous Organization (DAO).
The founder of BUSTA aims to create a circular business model that benefits participants, investors, stakeholders, traders, affiliates and partners. The ecosystem is designed so that each component can be mutually beneficial; as the popularity and number of each one increases, the entire ecosystem and community will be rewarded.
The flagship game of the platform can now be used in the Beta version—— collapse; Similar to the progressive jackpot game of Bustabit, the grandfather of the crypto crash game.
Users can place bets with BNB (or future partner tokens), watch the multiplier curve increase exponentially, and then click the stop button to receive the bonus before the game finally “collapses”. Therefore, the longer the round, the more wins… But if the game crashes before exiting, the bet will fail.
The five main components of BUSTA include:
- Online game platform: There are a variety of games, such as BUSTA CRASH, a progressive jackpot game.
- Transaction and mortgage module: BUSTA contains its own niche DEX and income farm for trading and collateralizing $BUST and partner tokens.
- Subsidiary plan: The program uses a novel method of expanding the user base through referral links, and both parties can benefit from a steady stream of passive income from games, trade, and farm activities.
- Partner Portal: Partners can list tokens on the BUSTA platform to provide continuous burning pressure for the partners’ native tokens, which is provided by an automated revenue collection and distribution process.
- Decentralized Autonomous Organization (DAO): BUSTA’s DAO allows the community to control most of the ecosystem during the voting process.
“We are taking iGaming and DeFi to a new level; because the available technology has too much untapped potential, but people have not yet used it. We have taken full advantage of this and carefully designed our ecosystem to make our games change. To be interesting and rewarding, to encourage holding and staking our $BUST tokens, and to make our community grow exponentially.”
– Neil Apestrong, BUSTA project leader
The “GameFi” platform will soon be released by core team members for new games. The BUSTA team is also exploring the acquisition and transaction of entire gaming companies to integrate third-party games into BUSTA. This allows the platform to scale horizontally and vertically and expand to multiple chains.
BUSTA games will prove to be fair and generate a small amount of revenue for the ecosystem in the form of bookmaker advantage. Then, the edge of the house will be distributed throughout the ecosystem through smart contracts to benefit the community and $BUST token holders.
Funding and IDO
All games will withdraw bonuses from BUSTA funds. Initially, this pool of funds will be funded through token pre-sales. Then it will be permanently filled with a certain percentage of the casino advantage; it is also possible to obtain income rewards in the form of BNB and BUST tokens by investing BNB into the fund pool.
After the launch of BUSTA’s iGaming platform, the $BUST initial DEX product (IDO) will be launched on August 24. BUSTA will host two IDOs at the same time. IDO will run on Starter, which is the decentralized fundraising platform of Binance Smart Chain; plus a DeFi financing platform CyberFi Samurai.