Since years, cryptocurrencies and blockchain technology have been disrupting several markets, and iGaming is no exception. Online casinos have experienced a significant shift that has produced completely safe, open, and fair gaming.
Additionally, the way we play and get rewards has been revolutionized by the incorporation of blockchain in the entertainment industry. Gaming projects provide the cryptocurrencies that support their ecosystems; as of right now, the market value of all gaming coins and tokens is $9,820,095,395. The TFS Token, created by Fairspin, has caused a stir in the market as the first blockchain casino to establish its own digital asset.
Introducing the Hold to Earn Program and TFS Token
A multi-level loyalty program and gamified income are now possible thanks to TFS Token. Through the Play to Earn program, players get immediate TFS rakeback on each wager. But that’s not all; with the Hold to Earn program, tokens gained may be staked, providing risk-free passive income with high interest rates.
High-Yield Staking
A user may stake his TFS for 3 days, 1 day, or 8 hours in the Hold to Earn program. The quantity of tokens one owns and the revenue Fairspin earned throughout the staking time determine the profit you make inside the program.
Holders have a staggering 500% annual percentage rate (APR) on average. Additionally, one will make much more money if they decide to stake at the most advantageous period. The truth is that TFS Token is reshaping more than just the gaming industry; it is also giving conventional investment a boost.
The interest rates provided by conventional banks and other financial institutions are substantially lower than 500% APR. The typical savings account only offers 0.39% APY according to statistics from the FDIC, thus TFS Token is already outperforming what they have to offer.
Unlimited Flexibility with Liquidity Staking
Users of this program have total control over the funds they possess; they may decide how many assets to stake, for how long, and how much to withdraw at any one moment. The greatest part is that this kind of staking is permanent and lasts until the user deactivates it.
The TFS Token’s market performance is improved through the Liquidity Staking program, which increases liquidity in the TFS-USDT pool on PancakeSwap. The incentive program is dependent on Fairspin’s GGR, the user’s pool share, and a time-based multiplier. The majority of the GGR, or 0.5%, goes to those who have staked tokens for a month or longer. It is important to note that a partial withdrawal returns the multiplier for the remaining tokens to the initial level.
Risk-Free Income
While the high interest rates of TFS Token are generating media attention, it also offers complete fund security.
A holder receives their original payment returned together with interest after the staking time is finished. The holder is assured of receiving their funds back even if the casino makes no money throughout the staking time.
Due to the fact that all transactions are recorded on the immutable digital ledger, Trueplay Explorer assures process transparency.
Hold to Earn vs. Other iGaming Projects
The Hold to Earn program stands out—it stands alone—when compared to other comparable iGaming ventures. Hold to Earn keeps making headlines due to its high-yield staking, risk-free nature, and simplicity of usage. Users may be certain that their assets are safe and that revenues are distributed properly thanks to blockchain technology.
TFS Token has further shown itself to be a resource with growing potential. Its value has climbed 2.5 times since last year, making it possible to profit even in a down market thanks to the token.
Mutual Advantages
Benefits of the Hold to Earn program are not only for the casino; both users and casinos may gain from the creative scheme.
A casino’s overall earnings rise as more individuals use the platform to play thanks to risk-free passive income. Additionally, the program makes winning rewards even more enjoyable by enabling players to pursue incentives and reducing the casino’s budget for bonuses.
TFS Token is Changing the Game
TFS is a prime example of how blockchain integration in online gaming has altered the way players may receive incentives.
Users have a great chance to make passive income while enjoying their favorite games using TFS Token and the Hold to Earn program. The program is a wise investment choice for people wishing to get into the gaming sector due to its lucrative staking and risk-free nature.
Source: https://thenewscrypto.com/blockchains-360-impact-on-the-igaming-industry-a-revolution-unfolding/