Market Overview
betswap.gg at first sight looks quite legit. It is build on Polygon and aims to be a decentralized protocol owned by the users. The BSGG token is a governance token with some utility and a buy-back burn system. From what it looks like they copied the style of Betfair and have a 3% standard commission.
It looks like they want to have an exchange, betting liquidity pools (which I still think could be the future of online betting), plkay2earn games, Fantasy Sports and some kind of social betting tipsters system.
This is certainly one I will keep an eye on.
From the first impression that I'm getting, the token is some kind of 'safemoon' scheme where buying, selling or sending coins costs 8% which gets distributed to those holding on to their tokens. I have always found these tokenomics a major red flag and just ridiculous. They do have a Sportsbook up (acedbets.io)and claim to be 100% Anonymous with no KYC with users being required to make a deposit. Overall not something that I will be getting into or using whatsoever even though it might be more valid than I sense at first sight.
I'm not sure what to think of defibet as the visuals of the website don't really give me that much confidence. At this point, it's just another blockchain betting project that I'm at least aware about that it exists without expecting anything.
So the big pump on January 3rd to 0.088$ was followed by a technical update announcement on January 8th after which the price crashed all the way down to 0.022$ again. Gamblers also managed to win the most of all months so far and almost 11 Million WGR have been minted so far this year. It is somewhat of a double-edged sword as there actually is quite some betting volume while at the same time it's impossible for users not to be influenced by the massive swings since there is very low liquidity to trade in or out of WGR. You could argue that either the entire system is rubbish and just doesn't work while on the other hand, you can say the marketcap is just way too low still. This is kind of why I like Wagerr as a gamble I think could do well in the short run at some point without it surviving long-term.
What used to be great odds on https://wagerr.com/sportsbook now already look a lot less attractive and I assume they increased the juice hoping to stop the bleeding.
| Month | Total Supply Change | Change | Total Bet | Volume $ |
|---|---|---|---|---|
| July 2020 | +7,546,461 WGR | - | - | - |
| August 2020 | +7,245,966 WGR | -300,495 WGR | - | - |
| October 2020 | +9,826,294 WGR | +2,580,328 WGR | - | - |
| November 2020 | +8,191,020 WGR | -1,635,274 WGR | - | - |
| December 2020 | +8,638,879 WGR | +447,589 WGR | - | - |
| January 2021 | +9,418,870 WGR | +779,991 WGR | 570M WGR | - |
| February 2021 | +7,682,182 WGR | -1,736,688 WGR | 602M WGR | 1.2M |
| March 2021 | +5,039,730 WGR | -2,642,452 WGR | 617M WGR | 1.4M |
| April 2021 | +6,980,895 WGR | +1,941,165 WGR | 643M WGR | 3.3M |
| May 2021 | +10,224,155 WGR | +3,243,260 WGR | 702M WGR | 3.0M |
| June 2021 | +16,215,873 WGR | +5,991,718 WGR | 723M WGR | 623k |
| July 2021 | +15,156,116 WGR | -1,059,757 WGR | 742M WGR | 655k |
| August 2021 | +13,723,944 WGR | -1,432,172 WGR | 764M WGR | 853k |
| September 2021 | +14,554,864 WGR | +830,920 WGR | 794M WGR | 1.1M |
| October 2021 | +16,322,123 WGR | +1,767,259 WGR | 833M WGR | 1.2M |
| November 2021 | +19,479,805 WGR | +3,157,682 WGR | 930M WGR | 1.9M |
| December 2021 | +18,522,241 WGR | -957,564 WGR | 1.037B WGR | 6.7M |
| January 2022 | +29,269,337 WGR | +10,747,096 WGR | 1,165 WGR | 2.9M |
A new roadmap for 2022 was released and their focus right now is to introduce the XFUN bridge to the Polygon Network. The Full Roadmap can be found Here. I still se FUN as a valid project and am patiently waiting for their Sportsbook based on the Betterbetting technology and I'm quite sure I will be using it myself.
Listed Projects (CoinMarketCap)
03/01/2021 --> 04/02/2022
| Rank | +/- | Project | Token | MCap | Price | 24h Vol |
|---|---|---|---|---|---|---|
| 169 | (-16) | Wink | WIN | 300M | 0.0003128$ (-31.6%) | 303M |
| 287 | (+16) | Augur | REP | 162M | 14.74$ (-21.4%) | 63M |
| 352 | (+36) | FUNToken | FUN | 112M | 0.01019$ (-18.67%) | 4.5M |
| - | (-) | Betfury.io | BFG | 34M | 0.01693$ (-29%) | 880k |
| 1233 | (-239) | Wagerr | WGR | 4.8M | 0.02237$ (-59.6%) | 9k |
| 1401 | (-25) | Vanilla Network | VNLA | 2.8M | 6.04$ (-27.8%) | 4.3k |
| xxx | (-) | Sportbet.one | SBET | 1.04M | 0.002609$ (-8.55%) | ??? |
| 1826 | (+3) | Scorum | SCR | 794k | 0.03467$ (-21.7%) | 3k |
| 1975 | (-10) | Blitzpick | XBP | 519k | 0.001356$ (-23%) | 4k |
| 2375 | (-25) | Decent.Bet | DBET | 126k | 0.0006723$ (-25.5%) | 61$ |
| 3502 | (+68) | SX Network | SX | - | 0.3958$ (-30.4%) | 417k |
| 4215 | (New) | Betswap.gg | BSGG | 72M | 0.043813$ (-) | 117k |
| 4645 | (-120) | Dexsport.io | DESU | -k | 0.02926$ (-32.2%) | 60k |
| 5676 | (New) | Defibet.pro/ | DBET | 110k | 0.02204$ (-) | 12k |
| 5842 | (New) | Acedbets.io | ACED | 285k | 0.0003246$ (-%) | 10k |
| 5970 | (+17) | zensports | SPORTS | - | 0.0001568$ (-5.6%) | 6k |
| - | (-444) | Bitbook Gambling | BXK | - | - (-%) | - |
| - | (-) | Degens | DEGENS | - | -$ (-%) | - |
| - | (-) | Peerplays | PPY | -k | -$ (-%) | - |
| - | (-) | Bethereum | BETHER | - | -$ (-%) | - |
| - | (-) | Stox | STX | - | - | - |
Unlisted Projects
| Project | Token | Type | Website |
|---|---|---|---|
| Fairlay | BTC | Exchange | Fairlay.com |
| Marginless | MRS | Betting Exchange | marginless.io |
| Fansunite | FAN | Sports Betting | fansunite.com" |
| Mevu | MVU | Social Betting | mevu.bet |
| Gifcoin | GIF | ICO Book Profit Share | gifcoin.io |
Previous Monthly Reports On Blockchain Betting Projects
Full Guides to Decentralized Crypto Bookies I personally use where no KYC is required allowing anonymous betting from any location without individual limits for winning players...
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Posted Using LeoFinance Beta
That's a decent round up!
!1UP
Posted Using LeoFinance Beta
Reducing inflation is good and all but if they don't offer competitive odds then people will just go elsewhere. I guess finding an equilibrium where the sharps don't increase supply of their token but at the same time offering attractive odds is a hard balance to find.
Indeed, I was actually surprised to see the margins seem to have increased while nothing was mentioned about it. The technical update repost said they increased the speed they are able to adjust their odds which I guess has been the biggest reason sharp bettors have been beating their odds.
We'll see where it all goes, over time I do believe liquidity pools will be how betting works best in the future.
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