Billionaire Token (XBL) is exclusively designed for gamblers. Billionaire Token is a tailor made crypto coin for smart investors in the world of cryptocurrencies. Maximum number of other crypto tokens are having some sort of system for mining the coin. But Billionaire Token has exactly opposite system.
Billionaire Token has a deflationary mechanism. This mechanism destroys some XBL tokens every week. This is done by the Billionaire Token’s decentralised raffle. It also has decentralised burner smart contracts. Billionaire Token has provided intrinsic value to its token XBL and made it class apart from other cryptocurrencies in competition.
Billionaire Token is the world’s first, super deflationary crypto coin which is oriented on gambling.
Billionaire Token is a crypto coin which is used to pay rewards to gamblers. Billionaire Token brings the assurance and safety provided by crypto technology to the gambling table. This token provides accountability, traceability and security to gambling. The XBL coin is based on ERC20 standard. This standard is made available over the blockchain of Ethereum(ETH). This offers an opportunity to the gamblers to enjoy gambling and have value assurance from an investment point of view. This assured value will be growing constantly. Billionaire Token plans to move the whole platform over to Extensible Operating System Network, the moment this network is made available to the creators of XBL. This will make the gambling games thousand times faster and user friendly. This Billionaire Token XBL has a deflationary model and is provided in low supply.
The users have to first make a call to the standard ERC20 approved function of XBL smart contract address. This will be a process of giving permission by the user to the raffle to spend tokens on behalf of the user. Later, the user will call the ticket register function on the Become a Billionaire Raffle. This game’s smart contracts will be asked to actually register the tickets of the users and participate in the game. The register ticket function will first make a verification of whether the smart contracts addresses is really allowed to spend the tokens XBL on behalf of the user or not. If everything is found in order, the smart contract will send the coins to itself and create the mapping of the user’s address with their corresponding number of tickets.
Billionaire Token is making the gambling game secure and accountable with the use of blockchain technology. It also allows the gamblers to make assured value investments while gambling. This is a network with a purpose and has great potential.
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