Scorpion is one of the trending crypto projects that is being discussed the most at the moment. Moreover, the presale of its own cryptocurrency SCORP is progressing rapidly, and more and more investors are thus securing an early position in the project at an attractive price.
The gaming project expects a significant increase in value later this year, as investors are already flocking to purchase large amounts of SCORP tokens. SCORP has several useful uses within the gaming ecosystem, and an attractive rewards system for those who believe in the token.
Below is an analysis of Scorpion’s new play-to-earn ecosystem and how it’s driving improvements across the industry.
Safe Social Gambling, Sports Betting and Gaming Platform
The core of the Scorpion Casino are the above three features. Social gambling, sports betting and the provision of games via the platform. Scorpion Casino puts security first and is licensed by the Curaçao EGaming licensing entity. As a player you can place more than 30,000 bets every month, play 210 casino games and no less than 160 live games. The gameplay is fair and transparent, which distinguishes it from competitors within the crypto gaming industry.
- 35+ sports to bet on, including soccer, tennis, American football, horse racing, basketball, golf, boxing and MMA.
- 200+ casino games, with a diverse range of slots, blackjack, roulette, poker, live casino games and more from the best game developers.
- Various gaming options, so that there is a continuous demand for the Scorption token, and this intrinsic value continues to be maintained.
The goal is to revolutionize the crypto gaming market by offering interesting options that gamers have to appeal to. Unlike more conventional crypto gaming platforms that focus on children, Scorpion is looking at a target group of adults aged 18 and older. This target group has the opportunity to invest money themselves, and thus earn money in the long term.
Besides the range of games and games, the main feature is the ability to earn passive income of up to $10,000 per day. Investors usually buy cryptos to take advantage of increases in value, and if a crypto has a lot of functionality, for example for use in transactions, governance, and to complete payments, then it can become worth a lot.
If you have a token with a lot of growth potential in this area, then it is best to join staking pools. This earns you attractive interest rates, while you can also use part of the tokens to use the platform. Naturally, Scorpion also introduces an attractive option to stake tokens. Depending on the performance of the gaming platform and the amount of tokens you stake, the number of passively earned crypto coins can increase significantly.
This strategy ensures that your investment can continue to grow at the same time as the platform.
Scorpion deploys its own Burning Mechanism
In addition, Scorpion will also work with a burning mechanism, where profits from the platform will be used to buy back SCORP tokens from the market, removing them from circulation, reducing the total circulating supply.
- Half of the purchased tokens are given back to SCORP holders through the staking pool.
- The other half of the SCORP tokens are burned, reducing the total stock and increasing the value of the remaining tokens.
The burning mechanism and staking rewards ensure that long-term investors also benefit from the SCORP token, and that this token can hold its value regardless of whether the market is bearish or bullish. This system even makes SCORP a good option as a hedge when the market is very volatile.
An Explosively Growing Niche Market With Lots Of Potential
As discussed above, Scorpion mainly derives its value from the applications within the crypto gaming platform. It is a very relevant platform for the market, which is also growing rapidly in the field of online gaming, betting and gambling. It is now up to Scorpion to use the advantages of web 3.0 and profile itself as the new strong players in the market.
With blockchain integration, Scorpion can bring additional efficiencies to the industry and benefit from the decentralized and immutable nature of this technology. Blockchain integration allows the company to differentiate itself in a market that is now dominated by more traditional gambling and betting platforms that often manipulate the games to benefit the platform itself.
Scorpion Casino, on the other hand, is fair, and has a smart contract that ensures that winners are selected fairly and rewards are paid out justifiably. The smart contract is designed with guidelines to keep this process as fair and transparent as possible. What’s more, rewards are credited directly to the winners’ account, with no hassle or long wait.
As a result, the platform can attract even more users to the sector. Scorpion has already built its own gaming community, which is already driving demand for the token in the run-up to its listing on centralized and decentralized exchanges.
Leading Partners and Collaborations
Scorpion has partnered with some of the industry’s leading companies, leveraging the games and services of these partners.
- High-profile collaborations include Evolution, NetEnt, Play N Go, Novomatic, EGT and AMATIC.
- In addition, Scorpion works with well-known platforms such as BetRadar and CoinsPaid to provide a carefree gaming experience.
- The project has also had an extensive audit by SolidProof, and has been found safe by this independent company.
SCORP Presale is Live Now – for a Limited Time!
Many investors have been looking forward to the SCORP presale, and it is now live. The presale consists of different phases in which the price increases slightly. The presale is the best time to invest in the token, because it still has a chance to rise by 800% to 1000% at the time of exchange listings. However, the real bull run is not expected until later this year, when the functionality of the token will increase.