Gambling Dapp Dividends Report | Small Dividend Dip!
There was a slight hit in dividends last week both because it generally was a week without not that much sports action going on which should be the calm before the storm as major Football leagues are set to start again. The fact that BFG ended it's farming stage also reduced their returns which was always going to be inevitable.
Wink.org (WIN)
It was a better week for Wink compared to the all-time lows last time around and the token saw another small pump & dump from 0.00011 to 0.00015 (+36%) to go back down to 0.000125 now which is still a nice increase. These pumps are always impossible to predict and there seems to be no correlation to the dividends whatsoever.
Overall I would say that the valuation is quite fair at the moment and I just continue to hodl keepig an eye on the dividends with an option to buy more on either price dips or dividend spikes.
Sportbet.one (SBET)
It was one of the slowest weeks for SBET mainly because they rely on Sports Betting the most and there wasn't that much going on. Things inevitably should pick up the coming month with the major Football leagues about to start along with the NFL. Only 91 active bettors in the past 7 days compared to the peak of 216 around 16 weeks ago. I did take a bet myself yesterday as it's still a platform that certainly is good enough for me to use personally in my betting.
Betfury.io (BFG)
The was the first week after the farming stage ended meaning most of the BFG locked in farming were going to move over to Staking heavily dilluting the dividend payouts while at the same time reducing the inflation. I did move 100k BFG over from farming to Staking and sold 26813 BFG for 427.5$ (0.0159$) kind of out of fear for a dump and an option to potentially buy back later.
The received dividends so far dropped less than I feared from 115$ tp 92$ which for sure still is considerable. The inflation however has not shown any signs yet of slowing down with a +1.77% increase in coins for 7 days which still is just massive. There luckily is a maximum supply and it gets more difficult to mine as levels get cleared.
I guess a couple more weeks are needed to evaluate the exact situation. The price of BFG now is 0.0156$
SX.bet (SX)
This is the 2nd week of me owning SX just to track what's going on there. It is remarkable that the community fund is increasing quite rapidly at a pace of 31428$ last week and 21990k the week before. This is a good thing showing their is actually revenue collected from trading fees even though it's not yet distributed to tokenholders. I'm not sure how the site calculates the 1.50% monthly staking yield as I only seem to get not even half of it. I will see if I can find the time to contact someone from the team to ask a bunch of questions I still have. Still too early to make any type of chart for now with the data that I collected.
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) | +61% APY |
| Sportbet.one (SBET) | +25 % APY |
| Wink.org (WIN) | +17% APY |
| sx.bet (SX) | +8% 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
Despite a poor week, I still managed to get over 200$ worth of Dividends which equals a +33% yearly yield overall. I'm currently holding 30M WIN / 7M SBET / 550k BFG / 10k TRX / 79 LIVE | 2271 RAKE / 1004 SX which combined is worth around 32k Dollars. 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