LUT Tokenomics

What is LUT？

Lucky Tokens (LUT) are the lifeblood of the Bitgame ecosystem and enable users to take part in the future of online sports betting. LUT is the BitGame platform’s utility token used to share profits with users. Different from other sports betting platforms, Bitgame’s unique LUT ecosystem utilizes the idea of the token economy to create a whole new token-based internal circulation ecosystem. LUT features a delayed token deflation model which gives considerable growth space for future token value and allows for participants to gain prospective yield in the future by holding LUT tokens.

Lucky Tokens’ intrinsic value comes from the ecosystem’s reward system which periodically distributes rewards to token holders. Without having to stake or lock up their tokens, users are able to earn a percentage of total platform revenues relative to their own LUT holdings.