📉Staking Tiers (Reduced Fees)

We want to reward stakers of all kinds, but especially larger stakers who believe in the long-term mission and value of $IBET and Insanity Bets platforms. Larger stakers help decrease circulating supply while showing confidence in the team.

The following tiers:

• help align both protocol and token holder’s objectives

• decreases $ILP deposit and withdrawal fees, favorable for whales

• encourages high-rollers to BUY and stake large amount of $IBET for what is effectively a rebate

• reduces circulating supply

• increases participation in governance

Humpback

20,000,000 tokens staked

• Normal $ILP deposit and withdrawal fees 1%, Blue Whale fees 0.1%

• Normal winning fee 1%, reduced winning fee to 0.5%

• Early access to new games

• Highest priority for matching PvP games

Whale

10,000,000 tokens staked

• Normal $ILP deposit and withdrawal fees 1%, Killer Whale fees 0.2%

• Normal winning fee 1%, reduced winning fee to 0.6%

• Early access to new games

• 2nd Highest priority for matching PVP games

Shark

7,500,000 tokens staked

• Normal $ILP deposit and withdrawal fees 1%, Shark fees 0.25%

• Normal winning fee 1%, reduced winning fee to 0.7%

• Early access to games

• 3rd Highest priority for matching PVP games

Dolphin

5,000,000 tokens staked

• Normal $ILP deposit and withdrawal fees 1%, Dolphin fees 0.35%

• Normal winning fee 1%, reduced winning fee to 0.8%

• Early access to games

Fish

1,000,000 tokens staked

• Normal $ILP deposit and withdrawal fees 1%, Dolphin fees 0.5%

• Normal winning fee 1%, reduced winning fee to 0.9%

Governance

$IBET stakers can make and vote on governance matters such as:

• Potential new games to be released

• $esIBET emissions

• How to market InsanityBets

• How to reward regular and loyal players

• And more