BAG
What's BAG?
BAG is the native utility, reward, and governance token of Bag City and the BAG ecosystem:
Use BAG to play casino games, buy items, and unlock exclusive features.
Stack BAG to boost your cashback and referral rewards.
Hold BAG to vote on key decisions and help shape the ecosystem's future.
Token Info
BAG is live on Blast and Ethereum.
There are a total of 8 billion BAG tokens, one for every Metaverse citizen on Earth. This supply is capped and no more BAG will be created.
In-Game Currency
BAG is the native in-game currency for Bag City, bag.win, and the Decentraland Casino.
Use BAG to play your favorite casino games such as blackjack, roulette, and cash poker. Securing the bag has never been more fun.
Boosted Rewards
The more BAG you hold, the more you earn.
Holding BAG gives you up to a 2x bonus multiplier on your cashback and referral rewards while playing on bag.win and in the Decentraland Casino.
Cashback rewards: Earn up to 20% of the house edge in cashback rewards.
Referral rewards: Earn up to 10% of the house edge from all your referrals' bets.
Private table rewards: Earn up to 10% of the rake generated from every poker game you host.
| Tier | BAG Required | Bonus Multiplier |
|---|---|---|
0 | 0 | 1x |
1 | 10,000 BAG | 1.1x |
2 | 50,000 BAG | 1.2x |
3 | 200,000 BAG | 1.3x |
4 | 400,000 BAG | 1.4x |
5 | 600,000 BAG | 1.5x |
6 | 800,000 BAG | 1.6x |
7 | 2,000,000 BAG | 1.7x |
8 | 4,000,000 BAG | 1.8x |
9 | 6,000,000 BAG | 1.9x |
10 | 8,000,000 BAG | 2x |
Bagcoin DAO
The BAG ecosystem is governed by the Bagcoin DAO.
BAG token holders can help shape the ecosystem's future by proposing and voting on key decisions. Simply hold BAG in your wallet to participate, no staking or further action is required.
Instead of a central authority, voting power is distributed across all token holders and everyone has a say in the decision-making. Your voting power is proportional to the amount of BAG tokens you hold.
Check out Governance to learn how to get involved.
Distribution
Following a passed Decentral Games governance proposal, DG tokens were migrated to BAG starting February 28, 2024. The initial DG token allocation is listed on the DG docs.
As of now, ~75% of the DG token supply is circulating. Any potential discrepancy in the BAG circulating supply is due to unclaimed, unmigrated, or lost/burned DG.
BAG tokens held in the BAG Treasury will be used to fund development via grants, competition prizes, and other initiatives to grow the ecosystem.
Buy BAG
Secure the BAG from these exchanges:
Need help buying BAG? Follow our video tutorial.
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