Scorpion is one of the most trending crypto projects of this month. The presale of its native cryptocurrency SCORP is progressing at a rapid pace, allowing investors to secure an early position in the project with attractive discounts.
The gaming project is anticipating a significant surge in value later this year as investors are hoarding SCORP tokens in large quantities. SCORP’s gripping gaming use cases and attractive reward systems are believed to support its value in the turbulent market.
Here is a deep dive into Scorpion’s novel play-to-earn ecosystem and how it nurtures the industry as a whole.
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Secure social gambling, sports betting, and gaming platform
At the heart of it, Scorpion Casino is a secure online gambling, sports betting, and gaming platform. Prioritizing safety, the project holds a license from the Curacao EGaming licensing entity. It provides over 30,000 monthly betting opportunities to users, along with access to 210 casino games and 160 live games. The fair and transparent gaming environment sets it apart from other projects in the crypto gaming niche.
- 35+ sports for betting, including football, tennis, American football, horse racing, basketball, golf, boxing, and MMA.
- 200+ casino games, offering an extensive array of options such as slots, blackjack, roulette, poker, live casino games, and more from leading game providers.
- By providing a broad spectrum of gaming opportunities, Scorpion nurtures sustained demand for the token, further boosting its intrinsic value.
Its goal is to revolutionize the crypto gaming market by offering compelling opportunities that gamers cannot overlook. Unlike conventional crypto gaming platforms that deploy games that best suit children, Scorpion caters exclusively to adults aged 18 and above. The targeted audience is capable of investing money to earn money.
Apart from the gripping games, the key attractive feature of the game is the passive income potential of up to $10,000 per day. It goes without saying that investors typically acquire cryptocurrencies to profit from their value appreciation. If the asset is utility-rich, it can be used for executing payments, governance, and transactions within the underlying platforms as well.
But if you are holding a token with significant growth potential, it is best to participate in staking pools to earn attractive interest, while setting aside a portion for platform utility. Keeping this in mind, Scorpion introduces an attractive staking opportunity. Depending on the gaming platform’s performance and the staking amount, the amount of passive income generated from the staked tokens can vary.
The strategy goes a long way in ensuring that your investments grow alongside the platform’s user base.
Scorpion employs a burning mechanism
Additionally, Scorpion employs a burning mechanism, where the profits generated by the platform are utilized to buy SCORP tokens from the open market and reduce its overall circulating supply.
- Half of the bought tokens are allocated to SCORP holders through a staking pool.
- The remaining half is burned to support the token’s price.
The burning mechanism and staking rewards together safeguard the interests of long-term investors, ensuring that SCORP retains its value regardless of the overall market direction, whether it is bearish or bullish. Moreover, the system makes SCORP an excellent hedge against crypto market volatility.
An explosive niche with large potential
As discussed above, Scorpion derives its value primarily from its utility on the crypto gaming platform. It has high market relevance in the rapidly growing online gaming, betting, and gambling industries, which have long been waiting for strong contenders like Scorpion to incorporate the advantages of Web 3.0.
With blockchain integration, Scorpion brings enhanced efficiency to these sectors taking advantage of its decentralized and immutable nature. Blockchain integration allows the platform to set itself apart in the market, which is crowded with traditional betting and gambling platforms that often exhibit manipulative practices favoring the house.
Scorpion Casino, on the other hand, remains impartial as the smart contract oversees the selection of winners and distribution of rewards. The guidelines established in the smart contract ensure that the games maintain fairness and transparency. The rewards are promptly credited to users’ accounts without any long waiting period or hassles.
The trustless nature of the platform paves the path for broader adoption in the traditional market. The project has already built a sizable gaming community that will consistently generate demand for the token upon its launch on DEXs and CEXs.
Credible partnerships and collaborations
Scorpion has partnered with renowned industry players, integrating games and services from top providers.
- Notable collaborations include Evolution, NetEnt, Play N Go, Novomatic, EGT, and AMATIC.
- Furthermore, Scorpion works with reputable platforms like BetRadar and CoinsPaid to ensure users enjoy a hassle-free gaming experience.
- The project has undergone a comprehensive audit by Solidproof, confirming its secure status.
SCORP presale will be live for a short period
The much-awaited SCORP presale is now live, divided into multiple stages with a gradual price increase. The presale is the best entry point to the project as the token has the potential to experience a substantial surge ranging from 800% to 1000% on its exchange listings. But the main bull run is expected to occur later this year, driven primarily by the utility of the token.
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