ScroogeCoin aims to play a major role in the upcoming Scrooge Casino, a blockchain online casino where players can win real crypto rewards. This digital token seeks to enable its holder to enter poker tournaments and play other games for free as they own this cryptocurrency. The smart tokenomics of this token offers constant funding to the casino with the help of a small tax, i.e., placed on each transaction of ScroogeCoin. The self-funding model of ScroogeCoin makes sure that the pots are always full and the prizes are good. The platform aims to release Scrooge Casino soon, developed by Elite Gaming Company Juego Studios. Juego is the master developer team after games for Tic-Tacs, Dreamworks, Fanta, etc.
SCROOGE is the native token of ScroogeCoin. Eight percent of the ScroogeCoin is redistributed to every holder in the form of BUSD. Four percent of each trade transaction is transferred into this network's marketing and smart contract. In addition, 2 percent of each transaction aims to be transferred into the liquidity pool to create a stable cost floor. Five percent of the total tokens belong to the developer team. Fifty percent of the tokens go to burning, and 10 percent go to the team and founders. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.
ScroogeCoin is a hyper-deflationary token with liquidity acquisitions. A deflationary token uses the deflation model, where the tokens are removed from the market over time. As per its whitepaper, this cryptocurrency is a fork of EverygrowCoin, which rewards its users with 8 percent $BUSD. EverGrow Coin is a deflationary token designed to become scarcer over time. In brief, BUSD (Binance USD) is a USD-dominated stablecoin to replace the traditional currency of the US. On the Binance Smart Chain (BSC), the token is the next generation of the reflection token. The Binance Pegged (encryption-secured digital medium of exchange) BUSD reflection coin to ensure value in the community coin. The currency's main goal is to maintain its core values, i.e., transparency, community, longevity, and trust.
