What is Hold to Earn
Trueplay introduces Hold to Earn - tokenized loyalty program for your casino. Learn more about how to instantly boost user engagement.
The crypto industry is rapidly evolving to provide fantastic opportunities to its members. Staking has become one of the most popular tools, having confidently declared itself in the decentralized finance (DeFi) field.
Cryptocurrency staking is a process that involves depositing funds in a digital wallet for an extended period to support the verification of transactions. Users earn extra cryptocurrency by participating in transactions’ verifications.
Trueplay improves on this model and introduces the Hold To Earn loyalty program for your platform.
Trueplay has created interconnected programs that provide even more benefits when used together. The Play to Earn section describes how players can receive your tokens for each bet. The Hold to Earn program is a next step after receiving tokens to make a wheel go round.
Users can also purchase tokens on the market after the listing or buy them on the Token Sale.
The key advantage is no risks for users. Rewards are credited from a pool, which is a set percentage of your platform's revenue. When the income of your platform shows growth, Hold to Earn participants get tokens as a reward. In the case of some player wins a large amount and your platform shows a negative indicator of income, the holders receive back their tokens staked on the holding after the end of the holding period they have chosen.
User have to register on the platform and own your tokens. On the token page, each owner of tokens can hold them by choosing the period and the number of tokens.
After the holding period, tokens are returned to the user balance with the reward. Users can track their current holding and the history of holdings.
Players can use the received tokens as a crypto asset or withdraw them to the platform’s balance for playing their favorite games.
You can customize all the parameters, choose the most suitable holding periods for you and set the reward percentage for your users.
Last modified 21d ago