WTF IS $SLAM?
$SLAM is the governance token of the gambling ecosystem of Slam. It is a deflationary token that distributes rewards to its holders for holding $SLAM in their wallets. It basically is a crash game where you have to cash out before it crashes to take your profits. The game is provably fair and has a negative house edge.
WTF IS A NEGATIVE HOUSE EDGE?
Negative house edge is a feature which puts the odds in your favor by giving you clear mathematical advantage over the house. To put in numbers, a roulette table at a regular casino will have a 5.26% house edge over you. So it’s not really 50/50 as it is portrayed. Slam clearly stands out with its -1% house edge algorithm that makes it way easier for you to win.
WHY AND HOW DO THEY MAINTAIN A NEGATIVE HOUSE EDGE?
A lot of tokens are doing giveaways or airdrops for marketing and awareness. Slam’s significance with their their negative house edge allows them to market differently than their competitors (which brings up the comparison of market caps and potential of the BSC ecosystem versus Ethereum or Tron). If you would like some ideas of what Slam could become, read up on WINk/BLINK or Roobet for example.
The Slam Casino will win or lose occasionally. Mathematically, in the long run it will lose more than it wins, BUT, their contract is structured to keep the token flowing back into the casino. Also they will maintain maximum withdrawal limits per day to be able to manage the in and out token flow, meaning the bankroll won’t go bankrupt.
GOT STATS? (data is a couple days old now as of May. 5th)
So far: 775 users have connected their wallets and signed up,
104,762 bets have been placed, and
1,275B $SLAM tokens have been wagered (which is equivalent to $9.6 million USD as of May 3rd, 2021).