· 4 min read

Scorpion Casino is Web3's Latest Passive Income Gold Mine as Presale Approaching Funding Goal

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

The presale for the SCORP token continues to the march to hit its hard-cap fundraising goal after reaching the $420,000 milestone today. Investors are rushing to get positioned in the presale at the lowest prices possible because they believe it's Web3's latest passive income gold mine, which shares a portion of the revenues generated from the platform.

Scorpion Casino is on a mission to revolutionize the eGambling sector by turning token holders into casino owners. On top of sharing revenues, the ecosystem contains multiple burning mechanisms - making the token deflationary. If that wasn't enough, the casino is fully licensed by the relevant regulatory bodies, making investors feel comfortable taking the risk in participating in the presale. Keep reading to discover why Scorpion Casino is Web'3 latest passive income gold mine.  

$SCORP Raises $420,000 as Hard-Cap Goal Approaches

Scorpion Casino's presale continues to thrive in its early days after hitting the $350,000 milestone in a short period of time. The push beyond $420,000 edges the presale closer to its hard cap goal of $500,000 as investors scramble to get involved in the casino that provides a passive income to its token holders.

Scorpion Casino is described as the future leading eGambling platform. It is on a mission to build the number one social online gambling platform where users can earn a daily yield based on the casino's performance. As the casino gains more adoption, the passive income is expected to continue increasing - making it an attractive long-term investment during its fundraising stage.

Investors Eager to Capitalize on Passive Income Mechanisms

Investors are rushing to participate in the sale as they're eager to capitalize on the passive income mechanics embedded into the ecosystem. Instead of flocking to play-to-earn ecosystems, which require a great deal of effort to earn rewards, investors are beginning to lean toward passive income opportunities, such as those provided by Scorpion Casino.

The great thing about Scorpion Casino is that it offers passive income through two methods - with additional burning mechanisms helping to further increase the value of investors' holdings.

The first method of passive income allows up to $10,000 USDT in daily yield generated through profits made at the casino. The team will use some of the casino's daily profits to buy SCORP tokens from the open market, providing sustained daily demand to help support the price structure.

Once SCORP has been purchased using casino profits, half is sent to all SCORP holders - allowing their token balances to increase automatically on a daily basis. The other half is then sent to a burn address, removing SCORP from circulation and making the token deflationary.

In addition, another passive income method is baked into the SCORP smart contract itself. When SCORP holders sell their tokens on the network, they’re charged a 10% sales tax. The tax is designed to help support the ecosystem, and 2% of the tax is redistributed to SCORP holders - further increasing their token balances. Another 1% is burnt from circulation, with the remaining tax being injected into the ecosystem for liquidity and further development.

As a result, these two passive income streams are expected to provide SCORP holders up to $10,000 USDT in daily yield, with the deflationary mechanisms helping consistently increase the value of the token itself.

Fully Featured Casino With Everybody’s Favorite Games

Another reason why presale participants are confident in the long-term growth of SCORP is due to the fact that the casino is fully licensed and regulated after obtaining its license from the Curacao eGaming licensing entity. This makes the casino totally transparent and provably fair, ensuring that all crypto eGamers are confident to place bets on the casino.

Furthermore, the casino is connected with all major gaming providers, such as NetEnt, Evolution, and AMATIC. As a result, it can offer everybody’s favorite casino games with over 200 to choose from - with an additional 160 live games. Popular games such as blackjack, slots, roulette, and poker are all available - with an additional plethora of unique games for the ultimate gaming experience.

In addition to the casino, Scorpion Casino also houses a sportsbook, allowing users to place up to 30,000 bets on the outcome of their favorite sports matches. Major leagues for sports such as football, basketball, tennis, golf, and horse racing are all integrated - so all sports fans will have the opportunity to wager bets on the outcome of their most beloved sports.

The beta version for the casino is already live, so you can test its quality in a live environment.

Presale Quickly Selling Out: Buy Now For 4x Gains

As it approaches its hard cap of $500,000, the presale for SCORP is quickly selling out. The SCORP token is the native token behind the platform and will be used as the exclusive payment method of the entire ecosystem. It will be used as the default betting currency in the casino and the sportsbook - providing it with intrinsic utility.

The presale is currently in the fourth stage, selling the token for $0.014. With the token expected to hit tier-1 exchanges at a price of $0.05, this provides 4x returns for investors participating in the presale.

Finally, investors purchasing more than $1,000 SCORP in the presale are automatically enrolled in the Elite Scorpion Members Club. The exclusive club provides VIP Services, cashback on the Casino, and extra staking rewards. Furthermore, investors quoting the exclusive bonus code Scorpion20 can get an additional 20% SCORP on their investment for a limited time.