> For the complete documentation index, see [llms.txt](https://betu-1.gitbook.io/betu/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://betu-1.gitbook.io/betu/token-betu/tokenomics.md).
# Tokenomics
### **The BETU utility token will be used within all platforms:**
BetU does more to reward its community that any other betting platform. \
\
Within the account dashboard of all platforms, there is a swap function enabling users to swap BETU tokens with other major cryptocurrency.
The BETU token is borderless and will enable people from different parts of the world to bet against each other with one universal betting currency.
### **Betting:**
The BETU token will be used for betting across sports, esports and casino games.
Bets will be placed with the BETU token & other major cryptocurrency: BTC, ETH, BNB, USDT, USDC, BUSD, KCS & other future partner currencies.
### Betting Incentives
Bettors are incetivized to hold and bet with BETU tokens.
### Vip Ranking - Holding Tiers
BETU VIP holders are entitled to exclusive benefits including: edgeback, lossback, rakeback, odds boosts & bonus bets. The bigger the holding, the greater the benefit.
### **Token Buyback:**
25% of operating profit from BetU sportsbook and casino will be used to buyback BETU tokens. (4% will be burned)
### **Token Burning:**
Tokens that are burnt are permanently removed from circulation, reducing the circulating and total supply. \
4% of the operating profit will be bought back and burned.\
25% of the winning fee from peer to peer bets will also be burned.
### **EarnU - Gaming Rewards:**
All players must hold BETU tokens to earn rewards. Players get up to 1% of their BETU token balance as points to play with. The more BETU tokens a player holds, the more they can earn.
### **Staking Rewards:**
Holders can stake BETU on Beefy or add liquidity on PancakeSwap to earn rewards.
### **BetU Charity:**
1% of profits from BetU platforms will be donated to charity.
### **Governance:**
BETU token holders will be able to vote on platform changes and improvements.\
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**BetU Verse NFTs:**
People can own part of the BetU Verse via purchasing exclusive NFT’s:\
The BetU Verse NFT marketplace will enable people to buy, sell and trade their NFT’s with the BETU token.
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