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Crypto casinos have been present for some time, but only recently has the industry experienced an unexpected surge in demand. As the latest addition to this space, the SCORP token has garnered the attention of investors worldwide, owing to its innovative casino concept.
With an ambitious roadmap and numerous exciting features, the SCORP token from Scorpion Casino emerges as a prime candidate for a potential listing on Binance. This hints at significant growth potential for the token. But why is there such a swift possibility of a listing? Let’s delve into the reasons.
What is SCORP?
SCORP is, simply put, the native token of the entire Scorpion ecosystem, which mainly consists of the Scorpion Casino. It is being claimed by the developers to be the first-ever token worldwide to provide daily rewards to holders based on the ecosystem’s (the casino’s) performance. While the project is already booming, investors seem to be even more excited about purchasing the tokens due to its high potential use case – the casino.
The Scorpion casino is a complete crypto casino, offering over 30,000 betting options for investors, more than 210 casino games, and over 160 live games all in a single place. It is completely licensed and has ensured security and genuineness by teaming up with some of the leading game providers in the industry like Evolution, Novomatic, NetEnt, Pay’nGo, EGT, etc.
While it may appear as a straightforward casino at first glance, the developers have ingeniously crafted it into a comprehensive gambling ecosystem. This is particularly evident through the introduction of its proprietary token, creating an additional income stream for players through staking elements. Despite its recent presale, the project has already integrated exciting plans, along with perks that SCORP token holders may potentially enjoy. These perks include weekly bonuses, free games, an affiliate rewards system, and much more.
However, these features are common across several projects. So what exactly makes this project stand out enough that community members are speculating about a Binance listing? Let’s explore some of the most convincing reasons we’ve identified for this potential outcome.
Native Token to a Leading Casino
As we mentioned above, the Scorpion Casino has already garnered popularity as one of the best casinos to be introduced this year. It is covered by not one or two, but multiple casino review platforms and other blockchain-related media outlets, and has been dubbed as a safe option to win massive rewards.
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In addition to these features, investors who benefited from investing at a lower price in the presale also stood the chance to win a substantial $250K giveaway exclusively available to presale buyers. Despite some missing out on this opportunity, the community remains excited to discover the winner of this significant giveaway. This heightened excitement has led to an increased number of social media posts, potentially capturing the attention of several prominent exchanges, including Binance.
Buy Back and Token Burn
Scorpion Casino funds daily purchases of $SCORP tokens from public exchanges using a portion of its casino and betting revenues, which boosts the token’s price. Once this buyback is done, a smart contract automatically burns half of these acquired tokens daily. This token burn decreases the circulating supply of $SCORP, inherently increasing the value of the remaining tokens. This systematic buy-back and burn strategy enhances token scarcity and value, aligning with the casino’s financial health, and also gaining traction as a secure crypto that can be listed on leading exchanges, with Binance being one of them.
Supported by Leading Influencers
While there are a lot of mixed reactions when influencers support crypto projects, the community usually embraces it when the project in question itself is legit, and provides a utility of value to the investors in the real world as well. The casino is surely an offering that is set to offer tangible growth results.
The Scorpion ecosystem boasts a lineup of ambassadors like Sofia Zamolo, Gino Assereto, Coki Ramirez, and Riccardo Bossio, all of whom collectively boast a following of more than 4 million.
Staking Functionality
At the time of writing, the SCORP staking pool features a whopping 150% APY with +50% of the normal staking rate with a 3-year locking period. While the APY rate may be reduced eventually, investors are still set to receive high yields from their investments. Investing and staking right now would only mean better returns, making it an option worth considering for investors bullish on the crypto casino space.
Given the ambitious roadmap and an effective way of running the casino, the long-term vision of the Scorpion casino is very evident. Built on the Binance Smart Chain, this licensed casino seems to have all that it takes to position itself as a reliable and decentralized gambling entity.
Keeping this in mind, along with the plethora of perks that the token holders stand a chance to enjoy, the SCORP token might indeed be an ideal investment option for investors. So if one is looking for high-potential projects with a potential listing on a leading exchange like Binance, then SCORP should definitely be on their watchlist.
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