Team

The team rewards allocation is used to support ongoing development, operations, and growth of the Bloxwap platform. When winners are paid out from each round, a 1% fee is sent to the Bloxwap treasury. A portion of that fee is allocated to the team to ensure sustainable development and maintenance of the platform.

Team Allocation Example

1. 100 users place $5 predictions for a price, all in the same round (each round is 1 second long).
2. 20 users win and 80 users lose in that round.
   Losing predictions80%

   Winning predictions20%
3. A 1% fee is applied to the $500 winning pool, which is $5.
   Payouts99%

   Treasury1%
4. $5 is sent to the Bloxwap treasury.
   Treasury100%
5. 10% of the treasury is allocated to the team. The details about the rewards split are here.
   Team10%

   Community20%

   Prizes30%

   Buybacks40%
6. $0.50 is allocated to the team for platform development, operations, and growth initiatives.
7. Team allocation supports infrastructure costs, development, security, and strategic partnerships.

What the Team Does

The team allocation funds critical platform operations including:

• Development: New features, improvements, and maintenance of the Bloxwap platform
• Infrastructure: Server costs, blockchain nodes, and data feeds for real-time price updates
• Security: Audits, monitoring, and protection of user funds and data
• Operations: Customer support, community management, and day-to-day platform operations
• Growth: Strategic partnerships, integrations, and ecosystem expansion

This sustainable allocation model ensures Bloxwap can continue to innovate and provide a reliable, secure platform for all users.