The Wasabi World
Wasabi in simple terms
Four things make up the whole platform.
Gamble with 100% transparency
Provably fair play, with player incentives pointed at the same revenue the protocol earns.
WT & BT token loop
Your bets turn into a share of the house, and then into dollars.
Host a game
You can be the house. Open private or public tables with your own rules and limits.
Where Platform Revenue goes
In order to be a real fair transparent business model we have a clear way of how we handle the revenue.
Three ways to hold WT
Early adopters
Enter at $0.0309 — a price the revenue plan can justify, not a number chosen to maximise the raise. You earn Token from the Engine every month.
Players
20% of all WT is distributed by playing, not by sale. Every $25 wagered unlocks 1 WT. It arrives already staked and already earning dollars.
Hosts
Stake Token into the house bankroll and take the other side of every bet. WT governs how much capacity you get, and capacity is genuinely finite.
Tokenomics
Most casino tokens are built around a buyback that burns supply. The ranking comes out backwards.
- Private round32.3%
- Player airdrop20.0%
- Treasury19.9%
- Team12.0%
- Public / launch10.8%
- Exchange liquidity5.0%
The conclusion we designed on
Burning supply does not create demand. Paying holders real money does. WT has no burn programme. Every mechanism here moves cash to holders, to players, or into the cash reserve.
Two things WT also does not have+ detail
Token rewards. Everything is paid in Token, never in new WT. That needs a cash budget, not a token allocation. Supply is fixed and can only fall — redeeming against the cash reserve retires the WT you redeem.
A chip. You do not bet with WT. Bets settle in Token and the major crypto currencies. Keeping the wagering currency separate from the reward currency is what stops revenue from being denominated in our own token — the loop that broke both losers above. The arithmetic is in the appendix.
WT
WT — take part in the house
A hard cap of 100,000,000 tokens. About 40% of platform revenue goes straight to WT holders, paid monthly in Token.
- Token yield. Stakers collect a cash dividend every month.
- Bankroll leverage. Staking WT raises how much you may put into the bankroll pool.
- Redemption floor. Redeemable any time against the 17.6% cash reserve; redeemed WT is retired.
- BT booster. Holding WT can double your share weight in the weekly BT conversion.
How WT reaches a holder
Play to earn
Wagering generates BT in real time, and BT converts to WT every week out of that week’s pool.
Buy
You can buy WT on the secondary market.
Airdrops, tournaments, tips
Win WT in airdrops and tournament prizes, or receive it as a tip from other players.
The Engine
What a holder is paid, and how the price follows from it.
Stake WT, receive Token every month. The payment is weighted by both your stake and your play, which is what makes it a loyalty programme rather than a bare coupon.
The price a holder should be willing to pay follows directly from the yield. This is the whole valuation model, and it is checkable against published revenue every month.
Base plan at month 24. Bear and bull are in WT Stake profit.
Why the downside is bounded
17.6% of revenue goes into a Token reserve that exists only to back WT. Any holder may redeem at the reserve’s per-token value at any time, and redeemed tokens are destroyed.
A rush for the exit cannot break it, and that is arithmetic rather than a promise. Redeeming any fraction of supply removes exactly that fraction of the reserve, so the ratio is unchanged.
The reserve starts empty and is never funded from the raise. It fills from revenue only, which makes its rate of rise the thing to watch.
Go deeper
BT
BT — your wagering is value
Minted in real time on every wager, from the house edge you pay — win or lose. It has no dollar price, is not listed anywhere, and expires twelve months after it is minted.
- Cash it in. Convert BT into WT each week from the 8.8% buyback pool.
- Play BT tables. Bet BT to win more of it; a single win is capped at 1% of everything outstanding.
- Spend it. Tournaments, promotions, items and collectibles.
- Tip it. Send BT to another player; it keeps its original expiry date.
BT, the play receipt
Not fixed supply, and it should not be. A cap would make it scarce, scarcity would make it tradeable.
BT is a flow, not a store. Minting scales with revenue, the stock is bounded by expiry, and the value is set by the buyback rather than by scarcity.
It is minted on the house edge you pay, not on the bet you lose.
The rules that travel with it
Real-money bets only
A BT bet mints nothing, and a game with no house edge mints nothing.
The edge actually charged
The same value that scaled the payout, not a figure from game configuration.
House-banked games only
Where a player’s counterparty sets the return of the pot, the mint would be linear in a number that counterparty chooses.
Scoped to one operator
This is a white-label platform. BT is one operator’s loyalty token, backed by one operator’s buyback pool, so it is minted only on that operator’s play.
Everything expires
Every BT expires twelve months after it is created, so the outstanding stock can never exceed a year of minting.
Two caps bound the payout side: no account may take more than 5% of a week’s redemption pool, and a single win on a BT table is capped at 1% of the outstanding BT stock.
The seven rules BT runs on+ detail
- Minted on house edge, on real-money bets only. Zero-edge games mint nothing. BT bets mint nothing.
- Split pro rata, every week. The pool buys WT; everyone cashing in that week shares it in proportion. No account takes more than 5% of a week's pool, and anything over the cap is returned rather than forfeited — a capped week delays a claim, it never destroys one.
- Every BT expires twelve months after it is minted — dated from each mint, so the amount in circulation can never exceed a year of minting.
- BT tables stay. Losses burn, wins mint, a single win capped at 1% of everything outstanding. A BT win mints BT, not dollars, so the casino's exposure is exactly zero.
- What BT buys sells back for BT, so the weekly pool stays the only route from BT to WT.
- BT that is not earned on house edge is budgeted. Prizes and grants are capped together at a tenth of the previous week's earned BT.
- Boosts decide who gets the pool, not how big it is. They divide a fixed pool rather than multiply a bill, so they cost the casino nothing.
Two guards travel with the mint: the edge used is the one actually charged on that round, and games where another player sets the return are excluded — otherwise the mint would follow a number your opponent chooses.
What a player gets back
A BT-to-WT rate is not a price and should never be published as one. It moves with two free choices, so it changes without anything real changing.
The figure that is invariant to both is the share of house edge a player gets back.
Both are population averages. An individual’s recovery scales with their level boost — roughly a sevenfold spread, from about 2.5% at level 2 to about 16.9% at the cap, doubling again with the stake boost.
Go deeper
Back the bankroll
Stake Token into the house bankroll and take the casino’s side of every bet — the same position the operator holds, on the same terms, with the same edge.
What you earn is the house edge on real volume. The pool keeps 20% of each period’s net gaming revenue. A staker’s return therefore depends only on the pool’s size relative to revenue, not on how large their own position is.
What the pool returns
Yield falls as the pool grows, because the same revenue is shared more widely.
| Pool size | Player capacity | Headline yield | 5th percentile | Chance of loss |
|---|---|---|---|---|
| $1.53M | $1.07M | 40% | 32.2% | 0.0% |
| $2.30M | $1.61M | 27% | 19.9% | 0.0% |
| $3.07M target | $2.15M | 20% | 13.7% | 0.0% |
| $4.60M | $3.22M | 13% | 7.6% | 0.0% |
| $6.13M | $4.29M | 10% | 4.6% | 0.4% |
40,000 simulated paths at base-plan month-24 revenue, single payout capped at 1% of pool.
Why capacity is scarce
And what WT has to do with it.
The platform must hold at least 30% of the pool. That is a hard rule, and it means every $1 of platform capital admits exactly $2.33 of player capital — no more.
Capacity is therefore finite at every moment, it grows only as the business grows, and when demand exceeds it somebody has to be turned away.
A higher ceiling
Holding WT raises your personal limit above the standard 10% of pool.
Priority
You are served first when the pool is oversubscribed.
No fees
Stake and unstake fees are removed.
When capacity is abundant this is worth little. When it is scarce it is worth exactly what the yield above is worth.
The part that is different
Every number in that table is provable. The pool publishes a signed epoch chain, per-account Merkle proofs of liabilities, and anchored tree heads.
You do not have to believe our revenue figure — you can verify your own share against a signed record.
Model Simulator
Nothing here is a black box. The whole valuation runs on four numbers you can argue with. Move them.
Reference base plan · modelled price $0.0713 · redemption price $0.0078 · 2.30× entry
What the model does, and how far to trust itmethod
The supply curve is exact: it is the six allocation schedules added up, and it reproduces every published circulating-supply figure to the decimal. Revenue is the base-plan ramp, scaled by your month-24 input. Everything else is the formulas printed in sections 04, 05, 06 and 08, applied month by month.
It lands within about 3% of the full monthly model — same month-12 trough, same month-24 redemption price, same BT figures, a point or two low on the late modelled price. Use it to test how sensitive the case is to each assumption, not as a quote.
The direction worth noticing: higher staking participation supports a lower price, because the same pool of dollars is shared more widely. And raising the holder share has to come out of operations — the other four claims are fixed.
Host your game
Host your own game
Set up custom tables, define private or public limits, and operate as the house with no infrastructure of your own.
Open Host Pots →How it works
Create your game
Open a pot and pick the format.
Set the rules
You decide the stakes, the edge, and who is allowed in.
Roll
Invite your players and run it. 100% your game, your rules.
