Guide · Crypto
The SHFL token explained.
Shuffle’s own cryptocurrency: what it offers players, how it works and what to keep in mind.
This guide explains how the token works. We don’t recommend buying or selling SHFL and we are not financial advisers. The price of any token can fall sharply.
What SHFL is
SHFL is the Shuffle platform’s token. On the site it works as another currency: you can deposit and bet with it just like BTC, ETH, LTC, SOL and USDT.
How the token economy works
According to Shuffle, the token model has two key elements:
- Community airdrops. 28% of the total token supply is allocated to airdrops for users.
- Buyback and burn. Part of the platform’s revenue is used to buy SHFL on the market and then destroy those tokens.
Buyback and burn reduces the number of tokens in circulation. In theory that supports the price, but it doesn’t guarantee growth: a token’s value depends on demand, the wider crypto market and how well the platform itself does.
Why a player might use SHFL
You don’t need SHFL to bet — familiar cryptocurrencies or a card work just as well. If you do keep a balance in SHFL, remember that your winnings in dollar terms depend not only on the bet but also on the token’s price.
Risks
- Volatility. The token price can move by tens of percent in a short time.
- Platform dependence. SHFL’s value is closely tied to Shuffle’s fortunes.
- Regulation. Crypto rules change from country to country.
- Double risk. A bet in a volatile token carries both the betting risk and the price risk.
If you want your betting results to be easy to follow, keep your balance in a stablecoin (such as USDT) that is pegged to the dollar.