CHIPZ, a crypto-based sporting platform that enables users to place or take bets, is celebrating a successful launch by reducing the number of CHIPZ tokens needed to participate
Costa Rica, January 6, 2022 – Mychipz.io is celebrating the successful launch of its platform by reducing the number of its CHIPZ tokens required to place NFL bets on its defi betting platform.
MyChipz.io launched New Years Day weekend by offering NFL betting. The launch was judged a success, despite limiting participation to people holding a minimum of 500,000 CHIPZ tokens. Encouraged by the results of the launch, MYChipz.io has expanded access to NFL betting by reducing the minimum number of required CHIPZ tokens to 250,000.
CHIPZ tokens can be purchased on Binance Smart Chain and Uniswap. Anyone holding 250,000 CHIPZ can download the CHIPZ app, set up an account, log in, connect their Trust Wallet or MetaMask, and begin placing bets, said Chipz CMO Justin Lally.
The bet is initiated when it is matched by another participant. Additionally, you are speculating on the value of the CHIPZ token while you bet. While your bet is live, you could also be accruing value through an increase in price of the CHIPZ token.
Lally noted bettors are charged just 4 percent on each bet, far less than the standard 10 percent “vig” on all other sports book platforms. The platform currently offers a 15% staking reward while the bet is going on.
Want to run your own sportsbook? Unlike other sportsbooks that charge $5/week, or more, to do your own bookmaking, Chipz will act as a hosting platform for, as little as $60 for an entire year (no limits).
Chipz hit an all time high of .30 before the Mychipz.io platform was even live.
“There are many reasons to be excited for the project and token,” Lally said. “Chipz is going to be synonymous with betting and crypto for years to come. The possibilities are endless.”