# Token FAQs

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<summary>"What is the purpose of the token?"</summary>

## Wager Wednesday

After your first wager placed every Wednesday (min $25), you will recieve a free entry to a $25 6 leg parlay. A free opportunity to potentially 25x your money every Wednesday after your first wager is placed.

## Friday Four

Four random wagers placed every Friday will be selected, and their account owners will get the chance at an exclusive bet with larger than normal rewards, and no entry fee.

## Send it Sunday

Every Sunday, WagerOn will discount various player projections, heavily favoring the Over. These will provide a higher probability of hitting to people placing them on their parlay. (Maximum $25 can be placed on a bet with a discounted player projection)

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<summary>"What is the 3% transaction tax used for?"</summary>

The 3% transaction tax is used for :&#x20;

* Marketing
* WagerOn business expenses
* Emergency fund if neccessary for WagerOn payout pool

This is all done by team discretion.\\

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<summary>"How does the WagerOn platform provide value for $WAGER?"</summary>

WagerOn as a platform has a direct value proposition tie to $WAGER, the token. The only current utility (will be expanded in the future) is that, 25% of the revenue generated by WagerOn, will be used to both buyback and burn the $WAGER token.

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<summary>"Can I use $WAGER on the WagerOn platform right now?"</summary>

You can add funds to your account using ETH (Ethereum). $WAGER cannot currently be used to place bets.

To initiate this process, visit your wallet, and click deposit. You then must insert the amount you'd like to deposit, and send the specified amount in ONLY ETH, to the wallet provided.  Then click the "notify button".

Your balance will shortly after reflect the deposit.

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<summary>"Wen marketing?"</summary>

Never.

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