💰Buyback & Burn

The main objective of the $BILLY token is to directly link the trading performance to the tokenomincs through a buyback and burn mechanism. This allows for $BILLY token holders to passively benefit from the success of the autonomous betting strategies without having to set their own bets, track games or engage with the agent themselves.

Billy Bets will autonomously place bets and upon the end of a betting epoch (currently 1 week), Billy Bets will use 50% its net profits to buyback $BILLY tokens which will subsequently be burnt.

Net profits will be calculated as the difference between the starting bankroll and the final bankroll during an epoch. Should Billy Bets not exceed his starting bankroll on any given period, the starting bankroll figure will be rolled forward for the next epoch, ensuring that Billy Bets continously grows his bankroll to facilitate larger buyback and burns in future.