Bingo Cash Finance is the AlgoStable coin protocol built on the Binance Smart Chain for casino gaming. All AlgoStable currently available on BSC have almost no use case. On that premise, we took it upon ourselves to service the good people of BSC with a whole lot of Casino games to quenches your thirst for entertainment.
Bingo Cash (BGO) is an algorithmic token that will seek to have its price stay as close to 1$ as possible.
Bingo Shares loosely represent the value of the Bingo Cash Finance and trust in its systemic ability to maintain BGO to peg. During epoch expansions (when TWAP - time-weighted average price of BGO is above the 1 $BUSD peg), the protocol mints BGO and distributes it proportionally to all sBGO holders who have staked their tokens in the boardroom. Additionally, sBGO are used to achieved a completely decentralized on-chain governance where sBGO holders have voting rights and the ability to create proposals to improve the protocol.