Sports Betting Blockchain Projects | March 2024 Update

in voilk •  4 months ago

    I try to stay up to date with all the latest news and developments from Blockchain Projects that offer Sports Betting making a report each month with my personal experience and insights on how this space is evolving.

    Market Overview

    Another Quick update looking what's going on in the GambleTi Space adding 3 more projects to the list which are Telegram Casino / Bazed / Kineko.

    New Projects

    I know there was an ICO for this project which is a casino run on telegram somehow. It is trading on Ethereum so that makes buying/selling/staking/claiming earnings impossible unless you have a huge investment in it due to the fees. This instantly pushes me away from it also as I'm just not a fan of Telegram in general. Their casino/sportsbook pretty much looks the same as all the others. Unless Eth fees drop a lot or a solution is found, I have no interest whatsoever even though it could be a project that does well.


    Bazed pretty much has the same issue as TG.Casino in that it is trading on ETH so staking/claiming rewards has such high fees that it costs more than it brings in making it impossible to get in unless you have 10k+ or so and even then it's expensive. Aside from this it also looks like an ok platform and I do like that they offer staking on chain without the need for a centralized deposit.


    I had a look at Kineko a while back (Link) when it was trading at 0.95$ and I concluded

    Kineko Current Conclusion:

    I might look to try the sportsbook since it has different odds than the others with what looks like ok offers even though I never like the centralized aspect. As an investment, the valuation is already based on big growth and I don't like the 90%-10% buy-back / Dividends not even to talk about this only being for 33% of the earnings. So for me right now this is not tempting at all to put in my gambling dapp portfolio and either crazy growth or big tokenomic changes are needed to make it attractive at the current price.

    Existing Projects


    The Burn in RLB on Rollbit.com continues to buy and burn supply like crazy but at the same time price keeps dropping (which increases the burn more) and there is a lot of doubt in how far all of it is not just a fugazi as the revenue is totally centralized and not transparent. Coins are burned wich can be confirmed on chain so none of it makes much sense. They also started to push KYC more which I assume will drive some players out. So fundamentally the numbers look insane but it isn't showing in the token price which usually means something is not 100% right.

    RLB Supply

    MonthSupplyChangeMarket Cap
    March 20233,268,326,679 RLB-105M
    May 20233,268,533,188 RLB-0.3%113M
    July 20233,218,633,758 RLB-1.5%291M
    October 20233,127,481,726 RLB-2.83%405M
    January 20243,008,003,688 RLB-3.82%396M
    March 20242,829,802,235 RLB-5.92%254M

    The story continues to be exactly the same with v5 for some reason being pushed back but at the same time the price has been going up. One thing is clear when it comes down to Wagerr right now which is that the team just can't be trusted upon.

    The betting also is still paused and the main question is if the project is totally dead of if V5 at some point will actually come online.

    MonthTotal Supply ChangeChangeTotal BetVolume $
    July 2020+7,546,461 WGR---
    January 2021+9,418,870 WGR+779,991 WGR570M WGR-
    January 2022+29,269,337 WGR+10,747,096 WGR1,165B WGR2.9M
    February 2022+31,819,476 WGR+2,550,139 WGR1.217B WGR1.1M
    March 2022+28,303,524 WGR-3,515,952 WGR1.284B WGR1.6M
    April 2022+37,689,941 WGR+9,386,417 WGR1.351B WGR1.4M
    May 2022+38,914,960 WGR+1,225,019 WGR1.383B WGR462k
    June 2022+38,514,659 WGR-400,301 WGR1.393B WGR123k
    July 2022+38,819,256 WGR+304,597 WGR1.403B WGR77k
    August 2022+39,234,305 WGR+415,049 WGR1.423B WGR136k
    September 2022+38,180,565 WGR-1,053,740 WGR1.449B WGR171k
    October 2022+39,566,970 WGR+1,386,405 WGR1.484B WGR280k
    November 2022+40,953,375 WGR+1,386,405 WGR1.518B WGR190k
    December 2022+43,794,404 WGR+2,841,029 WGR1.579B WGR306k
    February 2023+45,645,324 WGR+1,850,920 WGR1.632B WGR280k
    May 2023+57,483,248 WGR+11,837,924 WGR1.7456B WGR372k
    July 2023+53,646,610 WGR-3,836,638 WGR1,768B WGR66k
    October 2023+52,289,180 WGR-1,357,430 WGR1.773B WGR11k
    January 2024+51,714,561 WGR-574,619 WGR1.774B WGR0k
    MArch 2024+51,714,061 WGR-500 WGR1.774B WGR0k

    There was the 10th quarterly token Burn for FUN in January and they also moved FUN fully to Polygon to fix the fees.

    FUN Token Quarterly Burns

    Burn #QuarterDateFUN BurnedValue
    #10Q4 202415 Januray22,232,054 FUN126k
    #09Q3 20231 October21,294,113 FUN89k
    #08Q2 20231 July20,520,853 FUN91k
    #07Q1 20231 April19,809,555 FUN129k
    #06Q4 20221 January18,342,050 FUN112k
    #05Q3 20221 October17,451,853 FUN127k
    #04Q2 20221 July14,468,541 FUN109k
    #03Q1 20221 April11,845n521 FUN137k
    #02Q4 20211 January5,750,930 FUN85k
    #01Q3 20211 October5,000,000 FUN90k

    Listed Projects (CoinMarketCap)

    05/01/2023 --> 21/03/2024

    CMCProjectTokenMCapPrice24h Vol
    LinkRollbit.comRLB254M0.08981$ (-32%)8.2M
    LinkFUNTokenFUN68M0.006195$ (+24.17%)2.9M
    LinkBetfury.ioBFG67M0.01844$ (+11%)46k
    Linkbazed.betBAZED34M0.4454$ (-)323k
    LinkWinr.GamesWINR25M0.07341$ (+118%)824k
    Linkblockchainbets.appBCB24M0.02472$ (-19%)308k
    LinkSolcasino.ioSCS16M0.01569$ (+144%)1.9M
    LinkSX NetworkSX13.7M0.1346$ (+-26%)1.47k
    LinkAugurREP12.7M1.16$ (+37%)814k
    Linktg.casinoTGC7.5M0.5439$ (-%)385k
    Linkkineko.comKNK6.4M0.6572$ (-)47k
    LinkBetswap.ggBSGG6.0M0.002282$ (+53%)147k
    LinkSportbet.oneSBET1.74M0.003474$ (-2.42%)-
    LinkOwlDAOOWL2.17M0.00435 (-21%)200k
    LinkWagerrWGR661k0.003107$ (+22.13%)242$
    LinkDexsport.ioDESU365k0.003547 (-10.4%)933$
    LinkBlitzpickXBP?0.0001028$ (-28.6%)0$
    LinkzensportsSPORTS-0.000079$ (-21.06%)0k
    Linkbetero.ioBTE2.7M0.002414$ (-9.08%)2.8k
    ProjectTokenTypeWebsite
    FairlayBTCExchangeFairlay.com
    FansuniteFANSports Bettingfansunite.com
    MevuMVUSocial Bettingmevu.bet
    Previous Monthly Reports On Blockchain Betting Projects
    --Jan 2024Oct 2023July 2023Feb 2023
    Dec 2022Nov 2022Oct 2022Sep 2022Aug 2022Jul 2022
    June 2022May 2022Apr 2022Mar 2022Feb 2022Jan 2022
    Dec 2021Nov 2021Oct 2021Sep 2021Aug 2021Jul 2021
    June 2021May 2021Apr 2021Mar 2021Feb 2021Jan 2021
    Dec 2020Nov 2020Oct 2020Sep 2020Aug 2020July 2020
    June 2020May 2020Apr 2020Mar 2020Feb 2020Jan 2020
    Dec 2019Nov 2019Oct 2019Sep 2019Aug 2019July 2019
    June 2019May 2019Apr 2019Mar 2019Feb 2019Jan 2019
    Dec 2018Nov 2018Oct 2018Sep 2018Aug 2018July 2018
    June 2018May 2018Mar 2018---
    Let me know if there is anything major I missed last month or if there are some more promising projects I have yet to take a look at. Thanks !
    Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using with some allowing anonymous betting with no KYC or personal restrictions...

    Play2Earn Games that I am Playing...
      voilk crypto gamblefi betting investing blockchain neoxian ctp proofofbrain sportstalk inleo
      4 months ago by
      $0.00
        Reply 0
        Authors get paid when people like you upvote their post.
        If you enjoyed what you read here, create your account today and start earning FREE VOILK!