# $IBET Derivatives
$IBET is packed full of utility as we aim to become the leading GameFi, CasinoFi gambling stack across the Arbitrum ecosystem.
It isn’t a generic governance token and it’s not backed by VCs, **it’s backed by you**. This means that the tokenomics reward early adopters and referrers - resulting in a token that people actually want to trade, buy and hold.
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