1️⃣Hotbet Rewards DApp Guidelines 1/1

Purchase HotBet Tokens and Connect Wallet: To participate in the Hotbet Rewards Pool, users need to purchase HotBet tokens and connect their crypto wallet to the DApp. HotBet tokens are the native tokens of our platform and serve as the primary means of participation in the rewards program.

Synthetic Token and Accumulated APY: Upon connecting their wallet, the user's balance of HotBet tokens will be assigned an equal number of synthetic tokens. These tokens will not have any real value but will represent the accumulated APY (Annual Percentage Yield) on the user's HotBet tokens. The APY for synthetic tokens is set at an attractive 3000% to incentivize users to participate actively.

APY Calculation Ranges: The APY calculation for the synthetic tokens is categorized into three ranges based on the platform's market capitalization (MC): 3000% APY for market cap up to 1 million (1M USD). 300% APY for market cap between 1 million (1M) and 10 million (10M USD). 30% APY for market cap above 100 million and up (100M+ USD).

Buying and Selling HotBet Tokens: When the user buys more HotBet tokens, the current balance includes the previous HotBet token balance and the synthetic token balance. For example, if a user had 100 HotBet tokens and 100 synthetic tokens and then buys 50 additional HotBet tokens, the new balance will be 150 HotBet tokens and 250 synthetic tokens.