What is Slam Token (SLAM) | What is SLAM token

In this article, we’ll discuss information about the SlamToken project and SLAM token

Casinos are entities programmed to make money. When you go into a casino, you are bound to lose money. Online or offline, it doesn’t matter. The odds are not in your favor. Blockchain provides an opportunity to decentralize casino algorithms and make it fully transparent so its fairness can be mathematically proved. We can now see if the machines are fair or not but that doesn’t change the fact that house edge remains in positive for casinos.

We are now launching a crypto gambling game with a negative house edge.

WTH is a negative house edge?

Negative house edge is a feature which you haven’t seen anywhere else before. It puts the odds in your favor by giving you clear mathematical advantage over the house. To put in numbers, a roulette table at a regular casino will have a 5.26% house edge over you. So it’s not really 50/50 as it is portrayed. Another example from the crypto world would be the more moderate 1 or 2% house edge for the bitcoin crash games. SLAM clearly stands out with its -1% house edge algorithm that makes it way easier for you to win.

But, how can this model be sustainable?

A lot of tokens are doing giveaways or airdrops for marketing and awareness. Our significance which is the negative house edge, separates us from the rest. It is our biggest marketing power. Also it’s the heart of our business which is putting our community before anything else.

Our casino will win or lose occasionally. Mathematically, in the long run it will lose more than it wins BUT, our contract is structured to keep to token flow coming for the casino. Also we will have maximum withdrawal limits a day to be able to manage the in and out token flow. Meaning the bankroll won’t go bankrupt. Creating an environment that favors the players but also sustains itself.

For now $SLAM is the only token you can play with in the casino. But we are planning to add BNB in the upcoming future as well.

Tokenomics

$SLAM is the governance token of the gambling ecosystem of Slam. It is a deflationary token that distributes rewards to its holders for holding $SLAM in their wallets.

With each transaction, %5 of the transaction amount will be distributed amongst $SLAM holders. And also an additional %5 of the transaction amount is locked to be sent to the liquidity pool which helps creating a more stable and secure trading environment that the community will be able to preserve.

Total supply of $SLAM will be 1.000.000.000.000 tokens. 300.000.000.000 from the total supply will be allocated to presale on DxSale. PancakeSwap liquidity percentage will be 75% and it will be locked.

Total of 300.000.000.000 tokens will be burned from the supply. During the launch 125.000.000.000 tokens in total will be burned instantly. And after the launch, manual burn will take place for the remaining. 120.000.000.000 tokens during the 7 cycles of community milestones. 7 cycles of burning will take place manually. Gradual burning cycles will allow for price to increase at a stable rate, provide liquidity and of course celebrate holders milestones.

15% of the total supply will be allocated and locked(vesting period) for the casino bankroll. And it will be partially unlocked over the next 4 weeks according to vesting schedule. If the bankroll goes below a certain amount due to the players winning, house edge will be adjusted accordingly until the bankroll’s liquidity reaches a stable level.

7.4% will be allocated to development, marketing communications and the team. They will be unlocked equally 4 times over the course of 4 weeks. Adding new games, building $SLAM’s social media presence and of course listing at exchanges will be our priorities.

Only casino with a negative house edge, ever.

So how does the casino work? First you need to swap BNB for SLAM tokens on PancakeSwap. Once you have SLAM tokens in your MetaMask wallet you then need to visit our website and click ‘Play’. On the right hand of the screen you will see the connect button which you will use to connect your MetaMask account to be able to instantly play in the casino. Your SLAM tokens will automatically show up under your account meaning you are ready to roll.

Provably fair algorithm and a negative house edge put the odds in our holders favor. Only $SLAM can be used in the casino. Liquidity generation for $SLAM bankroll will be secured through the contract.

How and Where to Buy Slam Token (SLAM)?

SLAM token is now live on the Binance mainnet. The token address for SLAM is 0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Transfer $WBNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap SLAM token

Contract: 0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SLAM gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com

Find more information SLAM

☞ Website ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Coingecko

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

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