The presale for the SCORP token recently crossed the $420,000 fundraising milestone as a flurry of late-comers enter the project before it hits its $500,000 hard cap. Investors are keen to get involved in SCORP, the native token behind Scorpion Casino because it provides them with a path to massive passive income – just for holding the token.

The project has a unique proposition, allowing holders to earn up to $10,000 USDT in daily staking rewards generated through the revenue from the casino. As the platform gains more adoption, the rewards continue to increase, allowing holders to earn up to $10,000 USDT in passive staking.

In addition, investors are confident in the project as it is fully licensed & regulated and has a highly polished suite of casino games with a beta version already live for users to test.

SCORP Presale Crosses $420K Fundraising Milestone: Why Are Investors Eager?

Scorpion Casino’s presale has officially raised more than $420,000, pushing it closer to its hard cap of $500,000. Investors are now rushing to get involved in the presale before it hits its hard cap as they want to take advantage of the lower prices for the token, allowing them to purchase more at a lower cost.

Scorpion Casino provides all SCORP holders with a path to massive passive income generated through the profits wagered at its casino. The project wants to build the number one social online gambling platform where users can earn a daily yield based on the casino’s performance. As a result, the passive income grows alongside platform adoption – making it one of the most attractive long-term investments in the industry for 2023.

With the global online gambling market expected to be worth $145 billion by 2030, Scorpion Casino is positioning itself as one of the leading players that provide a revenue-sharing crypto-based casino platform.

The premise behind the project is to let investors circumvent the huge barriers to entry into the casino industry, which usually requires at least $2 million in start-up costs and a long twelve months to get licensed. With SCORP, users can become licensed casino owners by holding the token and earn a daily passive yield based on the revenues generated.

Passive Income Combined With Deflationary Economics

The best part about the project is that it has a deflationary tokenomics structure alongside its passive income proposition. As a result, users experience their SCORP token balances increasing on a daily basis while the scarcity of the token also increases – making it more valuable.

The passive income is generated through two methods; platform revenues and token transactions.

The team will be using up to 20% of the daily profit earned on the casino to purchase SCORP tokens from the open market. Of the SCORP purchased, half is distributed to all SCORP stakers on the platform. The other half is then sent to a burn address – removing the tokens from the supply and creating a deflationary aspect to the tokenomics.

According to economic theory, an asset that experiences a rising demand with a falling supply will see its value increase – which is exactly what Scorpion Casino intends to achieve through this model. The demand will be generated from the buybacks from the casino profits, and the falling supply will be achieved through the deflationary mechanism.

In addition, SCORP holders will earn additional passive income through sales transactions that occur on the network. A 10% sales tax is embedded into the smart contract, which is used for redistribution, burning, marketing, and development.

One of the Most Polished Casino Platforms: Fully Licensed and Regulated

Adding further to the reasons investors are keen to participate in the presale is that Scorpion Casino has already released a beta version of its product – proving it to be one of the most highly polished crypto-based casinos in the industry.

Scorpion Casino is connected to all the major gaming providers, such as NetENT, Evolution, and AMATIC – which provides them with highly polished casino games, such as poker, blackjack, roulette, and slots. The casino has over 210 games, with an additional 160 live games for gamers to enjoy.

The casino is also fully licensed and regulated, obtaining its credentials from the Curacao iGaming licensing entity, making it fully transparent and provably fair.

Scorpion Casino also integrates a sports book into its platform, allowing users to wager bets on all the major sports leagues for sports, such as football, tennis, basketball, horse racing, boxing, and MMA.

Hard Cap Quickly Approaching – Invest Before It’s Too Late

After crossing the $400,000 level, the $500,000 hard cap for the presale is quickly approaching – meaning time is running thin for those wanting to invest at the low presale prices. The current price for the SCORP token is set at $0.014, providing early adopters with up to 3.5x returns as it’s expected to launch on tier-1 exchanges at a listing price of $0.05.

Furthermore, investors purchasing more than $1,000 at this stage of the presale are enrolled in the Elite Scorpion Members Club, which provides VIP services, cashback on the casino, and extra staking rewards.

Finally, if you use the bonus code Scorpion20 during your purchase, you can get an extra 20% SCORP on your investment – for a limited time only.