💎SIPS
Juicybet is a community-owned betting platform. And we're changing the game - every bet you place is more than just a win-or-lose situation! With each bet or spin, you'll accumulate SIPS, which will later grant you access to exceptional prizes.
What is SIPS?
SIPS is a structured multi-tier loyalty program implemented within a gambling ecosystem to boost user engagement and reward participation. It offers various incentives including revenue sharing in stablecoins and allocations of $JSP coins. The system is designed with multiple levels, each providing increased rewards and benefits, including opportunities through a referral program.
How to get SIPS?
Players can earn SIPS through several activities:
Betting: SIPS are earned based on the amount bet, the odds, and the player’s level.
Gambling: Points are accumulated through amounts wagered in games.
Staking $JSP in the Ecosystem: Participants can stake their $JSP coins and earn points based on the staked amount and the coin's value in USD.
Staking $JSP in DEX: Similar to ecosystem staking but tailored for decentralized exchange environments.
More about Referral Program
SIPS Levels and Associated Benefits
Base Level
Requirement: Connect your wallet.
SIPS Multiplier: 0.5
Referral Benefit: None (0% additional SIPS from referrals).
Additional Perks: Not applicable at this level.
Bronze Level
Requirement: Accumulate 500 SIPS.
SIPS Multiplier: 0.8
Referral Benefit: Earn 1% additional SIPS from referrals.
Additional Perks: Includes access to special activities such as free bets and free spins.
Silver Level
Requirement: Accumulate 10,000 SIPS.
SIPS Multiplier: 1.0
Referral Benefit: Earn 3% additional SIPS from referrals.
Additional Perks: Entails higher free bets and additional jackpot tickets.
Gold Level
Requirement: Accumulate 100,000 SIPS.
SIPS Multiplier: 1.2
Referral Benefit: Earn 5% additional SIPS from referrals.
Additional Perks: Includes exclusive NFTs and dedicated Telegram support.
Platinum Level
Requirement: Accumulate 1,000,000 SIPS.
SIPS Multiplier: 1.5
Referral Benefit: Earn 7% additional SIPS from referrals.
Additional Perks: Provides personalized support and access to exclusive events.
Juicy Level
Requirement: Accumulate 100,000,000 SIPS.
SIPS Multiplier: 2.0
Referral Benefit: Earn 12% additional SIPS from referrals.
Additional Perks: Includes access to Juicy prizes and global events.
Monthly Distribution
For each bet, you receive a fixed number of these coins. It is necessary to calculate SIPS for each user for the current month, log the data for the completed calendar month, and calculate the Community SIPS, indicating the total currency farmed for the calendar period.
At the end of the month, each user is allocated tokens and a percentage of GGR according to the formulas:
$JSP = monthDistribution * SIPS / communitySIPS
GGR = GGRmonthDistribution * SIPS / communitySIPS
Glossary:
$JSP- JuicyBet Token
GGR - Gross Gaming Revenue
Community SIPS - total currency farmed for the calendar period
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