Football.Fun Founder: To Introduce Dynamic Fees and Revenue Sharing Plan, Platform Revenue Surpasses $2 Million
BlockBeats News, August 26th, Adam, founder of the sports prediction dapp Football.Fun with a reward mechanism on the Base chain, announced on social media the platform's revenue model and development plan. The platform mainly generates revenue through a 5% market fee and emphasizes that it will not resell player assets repeatedly like traditional card games. Once users obtain a player token, the asset will remain unique throughout the player's career.
During market volatility, the platform will enable a maximum 20% dynamic fee to curb arbitrageurs and bot trading, safeguarding the long-term interests of genuine players. Since its launch 10 days ago, Football.Fun has accumulated over $2 million in revenue. The platform plans to use the revenue for the following purposes in the future:
1. 40% Revenue Sharing Plan: Directly reward users driving ecosystem growth;
2. Cover Gas Fees: Users do not need to pay on-chain transaction fees;
3. Fee Discounts and Rebates: Provide loyalty incentives to active players;
4. Asset Buyback: Repurchase tokens when necessary to replenish the reward pool and enhance liquidity;
5. Team Operations: Maintain a lean structure, with expenses accounting for less than 1%.
You may also like

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…

Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…

Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…

Ethereum 2029 Roadmap: ETH to Become the High-Speed Internet of Value
Key Takeaways Ethereum’s new roadmap, the “Strawmap,” aims for a settlement layer achieving 10,000 transactions per second (TPS)…

India Enhances Crypto KYC and AML Measures with Live ID and Location Checks
Key Takeaways: India classifies crypto exchanges as Virtual Digital Asset (VDA) service providers requiring enhanced Anti-Money Laundering (AML)…

Bitcoin Price Prediction: $500 Million in Short Positions Just Got Wiped Out — Is a Bull Market Beginning?
Key Takeaways: Bitcoin experienced a massive short squeeze, liquidating nearly $500 million in short positions and propelling its…

XRP Price Prediction: Ripple Invests Billions to Forge a Connection with Banks – Is $1,000 Possible?
Key Takeaways: Ripple has invested around $4 billion in establishing connections between traditional banks and crypto platforms, illustrating…

Crypto Price Prediction Today 26 February – XRP, Bitcoin, Ethereum
Key Takeaways Bitcoin has rebounded above $68,000, reigniting optimism within the crypto market and potentially signaling a shift…