Get ready to receive cashback!
Hey there,
We are thrilled to announce that we have successfully completed our first operational month for the Betero Sports Platform! It has been an incredible journey so far, and we are excited to see where it takes us.
With the completion of the first month, we are happy to inform you that the Profit Redistribution mechanism is starting soon.
Most importantly, the cashback for all eligible Betero users.
Once the cashback amount has been determined, it can be claimed on the Betero Portal (former Farm page).
How does the cashback work?
Every player on Betero can either win with their bets or have a negative balance at the end of a month. If your balance is negative, don’t worry, as you will receive cashback soon!
Every player on Betero receives cashback. However, the amount is dependent on your Betero Club premium tier.
The more BTE you are holding and actively staking in one of the Betero farms, the higher your cashback share!
Please note that it is a share of the cashback and not to be interpreted as the actual cashback amount you’ll receive.
The percentage of the Cashback Share works like a multiplier of the user’s negative balance at the end of the month. For example, for a user with a negative balance of $100, it would count as $400 if he is Gold tier. Based on that, the cashback on $400 would be a lot higher than on $100.
Go to the Betero farm and stake your BTE now:
Please make sure to use the same wallet account for staking that you are using on the Betero app.
Determination of the cashback
After the month is over, our financial department needs a few days to finalize all transactions and process all bets made together with our partners, such as odds providers and sportsbook and casino providers. Once all has been processed, we will be able to receive the final profits on our Betero treasury wallet.
Now our developers can get to work to run a script that checks all player addresses for their stakes in our staking contracts to find out Betero Club tier.
Once all has been processed, we will update the Betero Portal with the data of the past month, and people can claim their cashback.
It can take up to two weeks after the month has ended.
Betero Portal
Our devs are busy building the new Betero Portal that is going to surprise you with many new features, such as monthly profit reports, profit redistribution data, individual player betting volume, and cashback claim functionality.
We would like to thank you for being a part of our journey and for your continued support. It is because of users like you that we are able to make a difference in the world of sports and fitness.
Please don’t hesitate to reach out to us if you have any questions or feedback. We are always here to help and improve your experience with Betero Sports Platform.
