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Generate Passive Income with WINk

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The house always wins…

…and you are the house!

 

 

The gambling industry is massive and generates huge amounts of money on a daily basis. WINk is a blockchain-based gambling platform and is striving to take a good part of it. The project is pretty unique as it gives the possibility to you to get a share of its benefit, therefore getting a passive revenue by getting dividends on the house’s winnings. This is possible without any gambling, only by holding the platform’s own token.

 

 

Online gambling

 

Online gambling, also called internet gambling or i-gaming, refers to any kind of gambling operated on the internet. Several reports estimate that the market is valued at 40 Billion USD currently. Furthermore, it has a very big potential for expansion in the years to come.

Today, the i-gaming blockchain solution is claiming to be a serious contender in this industry, and rightfully so. Indeed, it solves problems that most users are facing in regards to fairness and transparency when trusting a centralized website. In essence, this is achieved by using blockchain technology and, specifically, smart contracts.

In particular, it gives the following advantages:

  • Provable fairness
  • Instant payouts
  • Anonymity
  • Complete custody of one’s funds

 

Although it seems to be a natural choice for such a market, the blockchain-based offer capitalizes less than 1% of the online gambling industry. See the potential?

Technology-wise, although Ethereum was the first platform to support i-gaming due to its smart contract ability, the industry moved to more appropriate platforms, with two main contenders EOS and TRON, and challengers that are starting to appear such as IOST, Waves, or ThunderCore.

 

WINk introduction

 

By combining our experience in providing users with thrilling games and our expertise in blockchain technology, we will remove all the nasty sign-ups, shady house edges, and poor player experience to create WINk: The world’s first trustless, permission-less, and high-performance e-gaming platform on the TRON network. – WINk team

WINk is undoubtedly one of the oldest and probably the biggest blockchain-based online gambling platform available. It launched as early as July 2018 and was known as TronBET. TronBET was the very first dApp launched on TRON. The project went through a rebranding in July 2019. The token sale took place on Binance’s launchpad, increasing greatly the project’s visibility.

Also, WINk also benefits from the support of TRON’s Justin SUN, who often promotes the platform and its events on social networks.

Today, and according to DappRadar, WINk is averaging more than 1300 daily users, with a total volume between 50 to 150 million TRX, or 1 to 3 million USD equivalent.

Decentralized Application

A dApp, as for decentralized application, is an application that runs on a decentralized network, and in WINk‘s case, the TRON network. Therefore, it benefits from TRON, arguably one of the fastest smart contract platforms currently available.

In early 2020, TRON is almost on par with VISA in terms of transactions per second. However, heavy development should soon let VISA way behind, in particular with the deployment of the Sun Network, a side chain that will virtually give unlimited capacity to TRON.

For further read on the dApp industry review, including i-gambling, you can refer to the excellent 2019 summary published by DappRadar.

 

Platform

WINk’s games are actually categorized into three families of dApps, each having a feel of their own.

Dice

Four games are available as of now, all luck games: Dice, Moon, Ring, and Duel. When playing these games, players are awarded DICE token (a TRC-20 token), whatever the outcome of the game is. Playing on the platform is often referred to as “mining DICE”.

Live

The Live section is probably the most interesting one for gamblers, as it proposes a pretty extensive list of live games: poker, blackjack, baccarat, roulette, lottery, or the massive list of slots. The category includes also sports betting where you can bet on the outcome of sports events, including e-sports.

By playing Live games, you are also awarded LIVE TRC-20 token.

Rake

Only poker is available in this category. You are too awarded RAKE TRC-20 token by playing the game.

 

Token economics – WIN tokens

WIN is the token of WINk‘s platform and is a TRC-20 token powered by the TRON blockchain. As such it could be stored in any TRON wallet, such as TronLink, previously introduced in this blog post.

At the time of writing, WIN was ranking #147 on CoinMarketCap, with a circulating supply of 196,500,113,934 WIN out of total supply 999,000,000,000 WIN.

WIN trades at around 0.000134 USD for a total market cap of around 26 million USD.

You can trade WIN token at the following places:

  • Binance | several pairs available: USDT, USDC, BNB and TRX
  • KuCoin | several pairs available: USDT, TRX and BTC
  • BigONE | several pairs available: USDT, TRX and BTC
  • Bithumb | USDT pair
  • CoinTiger | several pairs available: USDT, and TRX
  • DigiFinex | USDT pair
  • DragonEX | USDT pair
  • HitBTC | USDT pair
  • Trade Satoshi | USDT pair
  • and last, but not least, DEXes built over TRON such as PoloniDEX (previously known as TRXmarket).

 

You may want to check CoinMarketCap for real-time prices.

 

WINdrop

 

WINk is different from the other i-gaming platform in the way it offers the possibility to token holders to earn a % of the daily benefits it generates. Here comes WINdrop.

WINdrop is the program where you freeze your WIN tokens into a smart contract which gives you eligibility for a daily payout, the dividends. Although not completely risk-free (your WIN tokens could decrease in value, and while you would keep earning from daily dividends, your capital might lose in value), it could be arguably considered low risk. Indeed, WIN actually is listed in several respectable trading platforms, among them major exchanges that greatly add to the seriousness of the project. In addition at time of review a WIN/BTC pairing gives 1 WIN = 0.00000001 BTC, which can only go upwards.

The dividends are paid daily at midnight UTC time, and proportionally to the quantity of WIN you froze against the total quantity of WIN frozen.

See the video below for a step-by-step tutorial on WINdrop:

Note that in addition to WINdrop, you can also freeze the DICE, LIVE or RAKE token you mined and generate dividends, the very same way you do with the WIN tokens.

 

Summary

 

  • A high potential industry with blockchain bound to grasp a fair market share
  • A unique market proposal in getting a share of the house
  • Built on Tron and promoted by the man himself, Justin Sun
  • WINk’s WIN token available for trading on reputable exchanges
  • An incentive to increase token’s value through the extensive games selection, WINdrop, token burns etc

 

More on WINk

 

For further read about the project, please see the project’s white paper and roadmap.

Additionally, WINk is also present on the most popular social networks. The community is very active and you’ll get tons of info and warmth if you choose to join the tribe:

Telegram | https://t.me/winK_org_official

Reddit | https://www.reddit.com/r/WINk_org/

Twitter | https://twitter.com/winK_org

 

DISCLOSURE: This article is for your information only and doesn’t constitute any financial advice nor does it encourage gambling.

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