ThorFi Partners with Betswirl
ThorFi partners with Betswirl a decentralized gambling platform. The partnership will give $THOR token holders access to their games and offers an additional revenue stream. Fully decentralized and cross-chain Betswirl seeks to be a fair, non-custodial, licensed, trustless, and community-driven platform. It values story-driven and entertaining casino games with beautifully designed visuals. Current games include Dice, Coin Toss, and Roulette; more are coming soon.
ThorFi is supplementing Betswirl’s liquidity on AVAX in exchange for a portion of Betswirl’s future AVAX partner protocol revenue and until they recoup its initial investment, they will receive an extra 5% return. They’re excited to be the protocol that onboard Betswirl to the AVAX chain as it offers great support, especially through fast transaction times and low fees.
The Partnership Mission and Benefits
Benefits to ThorFi include the financial benefit (partnering with AVAX and receiving the built-in advantage of Betswirl’s “house edge” and a new utility offering). For its community members, you’ll get access to Betswirl’s casino-style games using the $THOR token and any potential winnings, plus a portion of the revenue will be used for buybacks, increasing the $THOR token price. See below for a breakdown of how our “house edge” funds will be utilized.
Another key benefit is that accredited gaming certification lab BMM Testlabs has certified Chainlink VRF (utilized by Betswirl) as compliant. This confirms it as truly, verifiably random, meaning that no cheating is possible. It also allows Betswirl to fully utilize online gambling purely using blockchain.
ABOUT Thor Finance
Thor Financial is a diverse ecosystem of protocols and products hosted on the Avalanche blockchain. They aim to be the premier hybrid DeFi-as-a-Service (DaaS) and Nodes-as-a-Service (NaaS) protocol. The community-driven organization focus on providing value through utility, transparency, and sustainability. As pioneers in the market, its goal is to add an ever-expanding ecosystem, leading to widespread adoption and healthy, long-term returns for its community.
ABOUT Betswirl
BetSwirl is an online cryptocurrency gaming platform, fully decentralized and anonymous, where everyone will be able to enjoy fair play, a fun time, and an innovative gamer experience.
