Scorpion Casino Announces CEX Listing for 2024
by Oskar Trotman
Scorpion Casino confirmed that its initial listing will occur on CEX, with a launch date of January 15, 2024, marking another milestone for the crypto casino. The operator is close to achieving another big success relating to its $SCORP presale target of $2.5 million. According to the official website of this new crypto platform, through December 25, about 98% of the presale funds have been collected.
The presale price for a SCORP token is $0.024, and the listing price will be $0.05. Investors can purchase the SCORP tokens with ETH, USDT, and BNB during the presale, for which 280 million tokens have been designated from a total supply of a billion tokens. The crypto casino has also released the 300 million tokens allocated for affiliate incentives.
Scorpion’s Revenue-Sharing System
Scorpion Casino is one of the latest operators to enter the crypto side of the gambling industry and has been receiving attention from media and investors, as its presale numbers show. Several factors have contributed to the growing interest, and one is the novel revenue-sharing option for holders of $SCORP, enabling them to earn a passive income.
According to posts published on Scorpion Casino’s official X page, formerly known as Twitter, this operator has already started paying out thousands in $USD to $SCORP holders. Precise numbers about the total amount paid to $SCORP holders via the revenue-sharing program are still unavailable.
The revenue-sharing model implemented by Scorpion Casino aims to create deflation in the ecosystem. Inducing scarcity should increase the value of the tokens for holders. According to the plan elaborated on the operator’s website, a segment of its daily gaming revenue will be used to purchase $SCORP tokens from the market. Daily purchases of $SCORP should signal to the market a rising interest in the token and can potentially increase its price.
Once the tokens are acquired, half will be sent to the burner wallet, effectively removing them from circulation and making the remaining $SCORP more valuable. The other half of the tokens obtained via the buyback process will be transferred to the Scorpion Staking Pool. This staking pool produces daily profits for $SCORP holders by distributing rewards to them according to the number of tokens they own.
Emerging Crypto Casino
The Scorpion Casino beta version is live and accepting players. The platform holds a Curaçao eGaming license and offers nearly 2,000 games acquired from over 80 renowned developers such as NetEnt, Play’n GO, Pragmatic Play, and Evolution Gaming. The cashier facilitates deposits and withdrawals in USD, EUR, CHF, BTC, ETH, and other cryptocurrencies.
New members get rewarded with a welcome deposit bonus of 100% up to $1,000 with a 35x wagering requirement. The platform is trying to appeal to crypto gamblers and investors, and if its presale numbers are any indicator, there is interest in this new addition to the blockchain gambling scene.