🚀Wega's Revenue model
How the Wega platform creates a self-sustaining revenue stream
Last updated
How the Wega platform creates a self-sustaining revenue stream
Last updated
Many crypto protocols struggle to create sustainable revenue streams, which can jeopardize their future growth and operations. Wega aims to explore multiple ways of creating long-term revenue streams that will allow the platform to operate and grow, without continuously relying on outside cash injections. The primary revenue streams the platform is exploring are:
Playing fees
NFT trading fees
Vault lock extension fees
Commission on wins
This will be an important revenue stream for the platform, as it provides a sustainable long-term base fee. The platform will charge a fee for the total value of NFTs put up for betting. This fee can be adjusted periodically through community voting.
Another revenue stream Wega is exploring is taking a small percentage fee on each NFT trade executed on their platform, similar to other NFT swapping models. As the platform grows and more users join, this revenue stream has the potential to become a significant source of income for Wega.
Talk more about vault lock nother revenue stream Wega is exploring is taking a small percentage fee on each NFT trade executed on their platform, similar to other NFT swapping models. As the platform grows and more users join, this revenue stream has the potential to become a significant source of income for Wega.
The platform can take a small percentage of winnings from players as a commission. Incentivizing a low-base betting fee and a higher winner fee encourages players to play more, since they only truly pay to use the platform when they win.
Wega has many ideas in store for the future of the platform, including plans to introduce new features and services that will add to the overall user experience. The Wega team is constantly brainstorming new ways to make the platform sustainable and create new streams of revenue. Wega believes that the potential revenue for this platform goes beyond what has been shared and is excited to share new platform additions with users as they come to fruition.
