Billionaire Token or XBL is an EOS token that has a deflationary mechanism. The platform is designed to be utilized as the in-game currency for the Billionaire Token Games. EOS is a platform based on blockchain for the use and development of DApps. Billionaire Token’s idea is to build a self-sufficient casino with a twist that all the games in the platform burn coins to reduce the maximum supply of Billionaire Token. Besides this, the asset aims to make a truly decentralized gaming platform where everything is trustworthy and secure. The Billionaire Token XBL is required to play the games on the network.

According to the whitepaper, the essence of the Token is gambling. Everything is gambling, from a deflationary algorithm to the distribution model. The deflationary mechanism destroys 30% of the gambled XBL tokens. Furthermore, the cores of the deflationary mechanism aim to be the following:

Additionally, there are more decentralized games on the blockchain:

The token’s total coin burning is 1,841,329 XBL. Coin burning permits users to remove tokens from circulation, reducing the number of coins in use.

The whitepaper version 1.4 was released on December 20, 2019.

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