📗FAQ Overview
Last updated
Last updated
You can purchase BET through uniswap.com for any tradable token.
BET is a utility token, known as ERC-20 standard. All transactions on the Betfin platform are settled only in BET tokens. That brings the BET token its utility.
BET token has value because there is a supply that is generated by users who want to use the Betfin technology.
Price is derived only by demand and supply and there is no central entity that controls the BET token price.
Yes, the key protection mechanism is vesting for initial holders which is in the case of team tokens set for 5 years and starting after 3 years since the project started.
If you want to know more check
BET token itself has no security function as it does not represent and is not backed by any asset, service or value. Its value is fully created by community demand.
BetFin currently runs on Polygon. Network name: Polygon Mainnet. RPC URL: https://polygon-rpc.com. Chain ID: 137.
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Betfin is not owned or operated by any single entity as it is an autonomous web3 application that is created and promoted by the Betfin community.
All revenues from Betfin are distributed among staking users so there is no single owner of the project.
You can reach customer support through the chat window on betfin.io official website.
Betfin support is managed by community members.
Remember that if anyone contacts you as Betfin support, it is not true!
Yes, anyone from the Betfin community can participate in the project. Reach the Betfin support with your abilities.
From the legal point of view, Betfin is a public platform that allows community members to use smart contracts with pre-defined functions and rules. Therefore there is no relation between the user and Betfin but only a relationship between users through public Betfin smartcontracts.
It is your sole responsibility to find out whether participation in such contracts is legal.
No, it is not possible under any circumstances.
You can use any Betfin service as long as you have a Permit token and BET balance to play.
Unfortunately, once the bet is placed and confirmed by blockchain it is not possible to reverse in any case.
stoppingOnce a Betfin game is deployed to the blockchain it is unstoppable. Blocking the flow of contracts would mean to stop the whole blockchain that it runs on.
It is not possible as all transactions are settled in BET tokens.
You can buy your BET tokens on Uniswap.
Each game has individual minimal and maximal betting limits. You can find them all here.
No, staking runs for a defined period and there is no way to cancel such a transaction or withdraw until the staking finishes.
Consider your needs for liquidity before you stake!
If you are unable to recover your wallet access the token balance and all stakings are lost.
All transactions such as bets or stakings are transparently visible on the blockchain.
Each betting round generates a certain profit for staking. You can track all profits and connect them to real existing bets. Check out the stats on the staking page.
Yes, however, you need to restake your tokens manually, we have no control of your wallet and therefore you have to claim your revenues and restake it.
No, Betfin services are available only for affiliated member.
That protects those who invest their time and energy to share Betfin vision to get affiliate rewards.
You have two options how to do it:
You ask your friend for a wallet and you generate them a Betfin Permit token that connects their wallet under yours.
You can send them a unique link that allows them to generate Betfin Permit token to their address.
Remember that issuance of permit token requires blockchain fee.
Betfin Permit token (pass) is NFT (ERC 721) that works as non-transferable entrance ticket. This NFT assures you access to Betfin services for ever.
Direct affiliate is 8% .
Depth affiliate is 10% from the weaker leg in binary tree.
Maximum daily revenue is 5000 USD in Betfin token.
In unique Betfin tokenomics there is a reserve of 49% of all tokens that are locked in affiliate fund smart contract making them only available to unlock by affiliate commissions.
No, affiliate conditions are valid forever unless there are tokens in affiliate reserve system which will be for a long time.
Unfortunately, it is not possible to change it but if you want to work with someone else you can ask your new sponsor to send you Betfin Permit token and create a new account.
Sorting is from up to down from left to right.
Users are always automatically filled to the first available position if you dont specify otherwise.
Yes, this great feature is available. You can choose an end user or even a networker with existing structure. Once you specify the user which should be the binary upline of your new downline then the default sorting is applied.
Only possible thing is to register him for a new wallet.
Position can not be changed.
It is your own interest to promote Betin in a peaceful and respectful way to others on the internet. Please do not use spam or incorrect information as your affiliates will probably chose different sponsor and you lose your opportunity to earn from them.
You visit our page betfin.io/partner, choose the games you would like to license and you simply deploy the contract by paying the one-time license fee.
Partner has a special contract that works as a variable symbol of the bet to recognise that the user placed a bet via Partner's license.
In case of sharebets such as Bitcoin predict the partner is paid directly from the winning fee. In case of the lotto games such as Roulette, partners are paid from the affiliate reserve.
Yes, affiliate works completely the same for partners websites. This is why Partners are usually also active in affiliate system.
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Rules of all games are described in
Betfin contracts are audited by world respected auditor - read
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Check out more about the technical functions here
Check out our Partners conditions here