Gambling Dapp Dividends Report | Sold All My WIN Tokens!
After Selling my WIN I'm now left with 3 more projects for this portfolio to be diversified in which are actually 2 as I'm also dropping SX not planning to get anything more into it aside from the initial test money to track. I don't like the fact to rely on only 2 products and will continue my search for another good one that both pays Dividends from gambling profit made to tokenholders while at the same time being a product that I would actually use myself.
Wink.org (WIN)
Last week I wrote about how Wink was closing down their casino & sportsbook activities and how I was unfreezing my 30M WIN planning to dump it hoping to still get a price close to where it was trading at. That is what I did and I sold everything for USDT & USDC on Binance at an average price of around 0.00012$ which made Wink an overall positive story for me with both profit on the actual token compared to the average price I bought it for and some good betting profits also.
So that was the end of Wink and I'm out probably for good as I have no connection with what is left of this project and no more reason to use the Tron Blockchain. It also won't leave a gap in the dividends I'm receiving weekly since Wink was just a small part of them mostly disappointing. the price right now is a bit below 0.00011$ but probably more selling pressure to come.
Sportbet.one (SBET)
SBET continues to be reliable but with 7M SBET now worth over 27500$, I am overinvested in this one given the fact that it's so small and risky as I deemed Wink as the most likely one to survive in the long run. The good thing is that I'm up on my average buy position while I picked up a large part of my stack while the market cap was below 1 Million. I don't deem it unthinkable for things to stop from one day to another though when regulation potentially becomes an issue. The number of Sports bettors was up again last week to 160 and I think/hope this should be sustainable with NFL Starting again. The dividends as always are quite stable and the funds in their wallet also went up quite a bit to over 100k dollars. I see a fair price range somewhere between 0.5%-0.7% weekly returns. Last week they were at +0.536% meaning the dividends needs to go up before it's really justified for the price of the token to increase.
I don't have any intentions to buy more and everything earned right now pretty much further decreases the overall risk I'm having in this project. While I hope things will continue to grow, I can't say I'm very confident that this will also happen. So I just see it week-by-week where it all goes while I continue to use the project myself in the meantime.
Betfury.io (BFG)
Betfury is the most likely to profit from Wink shutting down as it offers a better overall product and allows connecting and betting with Tron. The dividends were also up slightly this week from 82.66$ to 84.11$ for holding 550k SBET. It also remains a high-risk investment given potential regulatory issue and the entire 'not-your-keys-not-your-coins' requirement in order to earn. So also here, every week that I'm earning it reduces my overall risk as I'm at this point not looking to buy more.
SX.bet (SX)
Sx now shows me the message of Geo-Blocking and it also has not a product aside from 1 bet that I took there that is actually usable for me so I'm moving on from it while I will continue to keep an eye out. Overall it's just not good enough and the entire process of tracking staking/farming rewards combined with the treasury that now seems to be close to empty was extremely confusing and unclear.
So this one along with Wink will be removed from this portfolio from next week going forward.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
| Project | APY |
|---|---|
| Betfury.io (BFG) | +46% APY |
| Sportbet.one (SBET) | +28 % APY |
Note: Token prices going up or down have a major influence on the actual returns going forward either amplifying them if they go up or destroying them when the price goes down.
Personal Gambling Dapp Portfolio
With both Wink and SX removed, the dividends still added up to 222$ over the course of the week and I guess the aim right now is for them to stay above 200$ which might be a challenge especially with the entire bear market and energy crisis. I'm now just holding 7M SBET & 550k BFG. I am looking the diversify more looking for good gambling dapps that pay the losses or fees from the gambler to those holding a token, so if you have one on your radar make sure to let me know...
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using as they allow anonymous betting with no KYC or personal restrictions...
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Play2Earn Games I'm Playing & Social Media Links...
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Posted Using LeoFinance Beta