BetU Revenues, expenses & token buybacks

It’s been 2 months since we launched the sportsbook and 3 weeks since we launched the casino. Both have been performing well from a technical and a revenue per player perspective. 

It’s now critical that we find ways to grow our player base. This week we will introduce our first promotional offer being a risk free first bet for new users up to $50. This will be initially advertised with BetRadars programmatic ad network and some betting affiliate groups. We will then introduce deposit matches / bonuses and wagering competitions to attract and retain new players. 

The betting platform revenues, being only 2 months into operation, do not yet cover our expenses which include operations, development and marketing expenses. As we grow and begin to turn a profit (revenues exceed expenses) we will begin to conduct regular buybacks of the BETU token. 

We also need to attract more players who are betting in other cryptocurrency or alternatively more players who swap other crypto to then bet with BETU tokens. Currently, the majority of betting volume is in BETU tokens, hence our revenues are also in BETU tokens, which means a buyback is nullified, as the tokens have already been won back. 

When we are in the position to do so, our aim is to make regular, ideally weekly or daily buybacks to support the token. Our public buyback address will be:
https://bscscan.com/address/0xfc46A3a902710541d75B2e82d712e443a10c0eAb

We are dedicated to create long term value and utility for the the BETU token. 

Our priority is to grow our player base, revenues and have the platform operating profitably, then the token value will follow. We are in a unique position where we have the ability to attract users to our platform regardless of the state of the general crypto market. We encourage everyone in the community to help us find new players by sharing their referral links and start earning some commission. 

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