# The Bull Case for CBO

<figure><img src="https://1068752424-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FW5wisV7pAFuXZPz38gyc%2Fuploads%2FCqgmf8AXRA3OLXUWXpX3%2FCBO%E4%BB%B7%E5%80%BC_%E8%8B%B1%E6%96%87.jpg?alt=media&#x26;token=0945934e-465c-4f16-b6f5-2882e99bedf4" alt=""><figcaption></figcaption></figure>

### CBO is a governance token of Crybeto that grands dividends and voting rights

The Crybeto operator will continue to provide value to CBO through the following mechanisms, and gradually build CBO into a token with high returns, solid income, and powerful ecological applications.

CBO has been designed to have a value that continues to increase over time, through both bull markets and bear markets, to give back to CBO holders to the highest extent possible.

### Endorsements&#x20;

* **Brand**&#x20;

Asia’s largest entertainment group has provided live streaming dealers, digital currency, offline physical casinos, and legal operations in many countries around the world with legal operating licenses in Malta, Colombia, and the Philippines, providing Crybeto and CBO with brand endorsement.

* &#x20;**Entity assets**&#x20;

Total offline investment is over $100 million. Distributed in the Philippines, Ukraine, Malta, Vietnam, Colombia, Malaysia, and other countries. And set up their own physical gambling halls in Ukraine, Colombia, and the Philippines, strong capital investment also provides CBO with solid physical asset backing.

Completely different from other platform coins or vapor-ware tokens, CBO is Crybeto’s equity token. These funds aren’t being taken to finance other projects without informing users, and Crybeto does not require external financing. Users can only get CBO by participating in economic reward systems of the platform and contributing to the ecosystem.

The greater the value of the CBO token, the more can be acquired by the user, which also guarantees a steady increase in the value of CBO.

* **Team & Technology**

Crybeto has recruited an experienced team of over 2,000 people with a track record of building successful businesses from the ground up, with extensive experience in gaming company operations, online marketing, finance, and blockchain technology development.&#x20;

The strong team background and advanced blockchain technology applications also provide the strength in software to support the value of CBO.&#x20;

* **Deflationary Mechanics**

1. There will never be more than 10 billion CBO.&#x20;
2. Output of the CBO token will be gradually reduced, and the difficulty associated with issuance will be gradually increased(see [bet-to-earn](https://crybeto666s-organization.gitbook.io/crybeto-whitepaper/platform-token-cbo/bet-to-earn "mention")), and with that increase will ensure that the total number oc CBO in circulation remains both stable, but also deflationary, to protect the rights and interests of users holding CBO.&#x20;
3. 10% of the total daily prize pool will be used for dividends and buybacks, of which 6.67% will be used to buy back CBO and burn it, maintaining the market value of CBO while also reducing the circulation of CBO.

* **Staking dividends**

A portion of Crybeto's daily profit is injected into the prize pool, and 100% of the prize pool will be used for buybacks and dividends.&#x20;

Crybeto will put a portion of its daily profits into the prize pool to ensure the stability and continuity of dividends, with 3.33% going to dividends and 6.67% to buybacks.

With operation of the platform, CBO holders who hold the most CBO in the platform, will enjoy lucrative dividend income while staking and also reduce the number of CBO in circulation, which is conducive to maintaining the value of CBO.&#x20;

### Ecosystem Applications&#x20;

1. NFTs&#x20;

In the future, Crybeto will launch NFTs and users who hold these NFTs can enjoy a variety of preferential activities in the game, and the transactions of NFTs will be settled with CBO.

2\. Offline application

In the future, Crybeto will access various offline resources of the group to provide preferential services for CBO holders, such as our travel services in physical casinos in various countries, as well as various offline VIP consumer use cases.

&#x20;3\. Economic privileges

Holders of CBO will enjoy the economic privileges of the platform, such as the chance to grab a share of the banker pool, etc.

&#x20;4\. Platform governance

In the future, Crybeto will thoroughly implement the spirit of blockchain and make a community-based autonomous management model a reality. CBO holders, as Crybeto shareholders, will vote together to govern the platform.


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