WIN & SBET | News & Dividend Report
SBET | Reduced Whale Action
I have been talking a lot in my previous posts that the SBET dividends were very vulnerable because most of them have come from a handful of whales. These past 2 weeks, whale action seems to have dried up a bit which caused a big dip in both the dividends and the price. I unstaked some of my SBET holdings in anticipation for the price to drop a bit but someone was ahead of me so I didn't manage to make some profit from the price fluctuation.
Based on the Dividends last week the returns come down to around +0.366% which is around +20% on a yearly basis. The product itself is actually good and I do expect more and more sports bettors to start opting for more decentralized bookies where no KYC or deposits are required as they are very convenient once you are in on them. The Sportbet.one team right now is more focused on Delivering the product with marketing not being on top of their to-do list.
I'm still quite happy with my SBET holding right now, the Marketcap is only ~1.4 Million with ~40% of all tokens being in circulation and almost all of them being staked to collect weekly Dividends. I quite like it as a value proposition as the product itself is pretty good and I do believe it could get wider adoption over time as more people get into crypto. SBET also was added on defibox which can be seen as the Uniswap of EOS tokens. Some of the staked SBET might flow into the liquidity pool over time spreading the earnings among fewer holders.
At the current price of 0.00175 EOS, I'm just holding to the SBET that I own in anticipation for them to get more than the 124 weekly users they currently have. I wouldn't be surprised for the price to go down some more though. At the same time, I'm also quite sure it will get scooped up when it goes too low and I might actually buy some more in that case myself.
WINK DIVIDENDS
Wink.org on the other hand continues to go quite strong and had nice dividend payments last week while the price of WIN hasn't really gone up all too much making the returns based on the 100-day moving average. 1M WIN currently costs 83$ and gives 0.119$ daily dividends making it good for over +50% APY. There is also a trend of expected dividends going up which needs to be seen with a grain of salt as only ~14% of the total WIN supply is staked to collect Dividends. If they go up, more inevitably will get staked putting some pressure on dividend increase.
It also looks like quite some of the WIN that went into the Sun liquidity mining pool has flown back to being frozen (+7.54% & +17.44% the last weeks)
There also has been a trend of more gamblers using USDT as their main currency which has seen a big boost in those daily earnings. Before, I never bothered with them as they were so small but now I also include them in my numbers Below are the Dividends paid out in USDT the last 12 days for 14M WIN Staked.
These are my overall numbers on WIN so far this year. I also use some of my poker bankroll in TRX (~12k) staking it to vote on SR collecting some earnings from that in the process.
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