This was the first week where there was a considerable Dividend decrease of -50% compared to last week! It's hard to tell where this comes from as there are different reasons.
- The Gamblers Getting Lucky (Less profit WIN holders)
- Random lower volume
- Mining Ponzi drying up
There was an update post on the Wink Foundation Medium Blog (Link) where they gave a clear update on the actual circulating supply which is currently at around 314 Billion instead of the 197 Billion as mentioned on Coinmarketcap and 210 Billion on Tronscan. They seem to be releasing tokes as stated in the Whitepaper which will pretty much devaluate them with ~66%.
Only 155 Billion are currently frozen which means there needs to be a big increase in players and volume to hold up the current dividend as a lot more of them will eventually get frozen.
In order to grow their userbase, they are talking about releasing a new User Interface, integration with Poloniex wallets along with mass marketing. From the tone of the questions in the AMA, people aren't really trusting Wink and I can follow them as I've raised some concerns in these series of posts around wink. The way I look at things right now, they will do the effort to improve the platform and market it. This will likely attract more users which allows them to start actively selling their own supply as the dividends go up which will push them back down.
WIN TOKEN WEEK DIVIDENDS
I remain at 4Million WIN Staked which is currently worth 296$ and gave 65.150 TRX (0.928$) Dividends last week good for 0.31% returns. This was also the first full week of voting on Super Representatives which brought 7.641 TRX for a 3380 TRX Vote which is quite nice. The Dividends from Mined RAKE also reached a new high of 17.548 TRX
Currently, 5283TRX gets you 1 Million WIN which adds up to 16.29 TRX, good for +0.31% Dividends if they stay similar next week.
TRX Dividends For 1 Million WIN Frozen
|Week||Price 1M WIN||Total TRX Div||Value||ROI|
21-Day Moving Average
The moving averages also clearly indicate the downtrend. There is no real info available on past dividend percentages so far all I know, they are just constantly going down as early minders drop out trying to profit from players that come in after them who have a harder to mine the sub-tokens.
WINK.ORG POKER WEEK RESULTS
It was another slightly profitable week on the Wink.org Poker Tables. I did end up playing around 6 hours in total this week and mostly wait for at least 4 tables to be available to increase the number of hands and hour. Overall profit from plating was around 1000 TRX
My overall TRX bankroll is getting closer to the 20k TRX objective (I'm currently at 17264 TRX) and I slowly continue to grind toward that week by week. Once there, I plan to systematically convert profit into BTC. My mined RAKE is now at 1447 and last week saw an all-time high of 17.548 TRX dividends from it.
Posted Using LeoFinance