Whitepaper Sport Magic
  • About SportMagic
    • Vision and Market
    • Investment
    • Venture
  • About Fortuna (FRT)
    • Market Opportunity
    • Token Overview
    • Tokenomics
    • Utility and Use Cases
    • Staking and Rewards
    • Implementation Plan
    • Security and Compliance
    • Conclusion
    • Appendices
  • About Sport Magic Master Token (MSC)
    • Vision
    • Market Opportunity
    • Key Market Insights
    • Token Overview
    • Core Features
    • Tokenomics
    • Distribution Plan
    • Economic Model
    • Revenue Streams
    • Utility and Use Cases
    • Ownership and Dividends
    • Influence on Development
    • Implementation Plan:
    • Development Timeline
    • Roadmap
    • Security and Compliance
    • Conclusion
    • Appendices
  • Token Overview and Dynamics
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  1. About Fortuna (FRT)

Staking and Rewards

SportMagic’s reward mechanisms are carefully designed to incentivize user participation and maintain a robust, self-sustaining decentralized betting ecosystem. From staking to buy-back strategies, each component contributes to long-term value appreciation and community-driven governance.

1. Staking

  • Mechanism: Users stake their Fortuna Tokens (FRT) in on-chain contracts, temporarily removing those tokens from circulation.

  • Rewards: Stakers receive a share of platform revenues—which may include fees collected from custom betting markets—and additional FRT based on the amount staked and the selected lock-up period.

  • Lock-Up Periods: Multiple staking options are available, each with distinct durations and reward rates. Longer lock-ups generally grant higher returns, balancing immediate liquidity versus long-term gains.

Rationale: This mechanism encourages token retention and network stability, aligning user interests with SportMagic’s ongoing growth and innovation.

2. Farming

  • Mechanism: Users provide liquidity in the form of supported cryptocurrencies (e.g., ETH, USDC, USDT, MATIC) to SportMagic’s decentralized pools.

  • Rewards: Liquidity providers are granted FRT proportional to their contribution, ensuring those who bolster market liquidity receive tangible benefits.

  • Supported Tokens: By accepting multiple high-volume assets, the platform broadens its liquidity base, improving user experience for custom betting contracts.

Rationale: Farming stabilizes liquidity for user-generated markets and fosters an active, diverse environment, ultimately reducing slippage and enhancing the overall user experience.

3. Buy-Back Mechanism

  • Mechanism: A designated portion of platform earnings is used to repurchase FRT on the open market.

  • Effect: Repurchased tokens are burned, decreasing total supply over time and potentially enhancing long-term token value.

Rationale: This deflationary measure sustains token health and reward potential, reinforcing investor confidence and contributing to price stability.

4. Betting Incentives

  • Mechanism: Users who engage in custom betting activities—whether by creating new contracts or participating in existing ones—earn additional FRT.

  • Distribution: Incentives are scaled to user engagement, reflecting factors such as betting volume, contract complexity, and participant retention.

Rationale: By rewarding active market creation and participation, SportMagic cultivates a dynamic user community, driving organic expansion and innovative betting models across the platform.

Together, these Staking and Rewards features shape a highly collaborative ecosystem, where liquidity provision, long-term token holding, and inventive betting frameworks intersect. This integrated approach ensures that both network security and user engagement remain at the forefront, reinforcing SportMagic’s sustainable growth and decentralized governance principles.

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