What is BET token?

BET token is used for betting on the Bettery platform and can only be obtained via participating in Events on Bettery, not purchasable on exchanges. By betting in, validating, hosting, advising to and moderating Events, you can earn more BET tokens and convert them into BTY tokens in a one-way, 1:1 swap to withdraw and sell on supported exchanges, or spend to host Premium and Pro Events. You cannot deposit BET into your Bettery account.

Upon creating your Bettery account, you will receive 10 BET tokens as a welcome bonus to start earning from social betting. Whenever you lost a bet in Social Event, you’ll receive some BET tokens (from tokens minted in the Event) as a consolation prize for your participation. In this way, your BET balance can never be zero so you can always enjoy social betting on Bettery.