ThorFi and Betswirl Partnership
ThorFi and Betswirl partnership has been announced. The new collaboration with Betswirl, a decentralized gambling platform, gives $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 it recoups its initial investment, it will receive an extra 5% return. They are excited to be the protocol that onboard Betswirl to the AVAX chain as it offers excellent support, especially through fast transaction times and low fees.
Betting on Betswirl
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 use for buybacks, increasing the $THOR token price. See below for a breakdown of how its “house edge” funds will be utilized.
Courtesy of Thor Financial
Another key benefit is that accredited gaming certification lab BMM TESt Labs 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 Betswirl
BetSwirl aims to be a decentralized gambling platform. Provably fair, non-custodial, licensed, trustless, and community-driven.
ABOUT Thor Financial
Thor Financial is a diverse ecosystem of protocols and products hosted on the Avalanche blockchain. Its aim is to be the premier hybrid DeFi-as-a-Service (DaaS) and Nodes-as-a-Service (NaaS) protocol. 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.
