Vixcore Token is designed as a decentralized ERC20 token on the Ethereum blockchain. Its use within the betting and gambling platforms will have certain limitations depending on whether users are located in jurisdictions in which Vixcore is licensed to offer a full suite of betting services (Full Service Jurisdictions) or in jurisdictions where Vixcore will offer a more limited set of betting services (Limited Jurisdictions).
In Full Service Jurisdictions, we intend for Vixcore Token to be used for the exchange and interchange of a virtual point-based reward system for the purpose of legal and licensed betting on esports matches, tournaments and other engagement around gaming, including jackpots. As designed, Vixcore Token would also be used as a rewards and incentive token for esports participants, players and teams through tipping. It is intended to become the token used on a new skill-based betting platform. Our goal is for Vixcore Token to power the most immersive live-betting platform for esports.
In Limited Jurisdictions, Vixcore Token can still be used to purchase jackpot tickets involving esports and for accessing exclusive rooms. It won’t, however, be usable for gaming-related uses that require licenses.
Our intention: Vixcore Token will serve as a utility token creating a decentralized, community-driven virtual economy. Transactions will be executed by a system of Ethereum smart contracts that are publicly accessible and that will be open and transparent to the network.