The GameFi meme coin Wall Street Memes just launched its Casino and Sportsbook, and they’re making some big moves! They’ve introduced hourly buybacks and are all about keeping things transparent with a cool new token dashboard. They’re getting ready for a major price jump!
You can hop onto web3.wsmcasino.com to check out their shiny new dashboard. It’s got all the details you’d want to know, like how much money the casino and sportsbook are making (NGR), how much $WSM they’ve bought back, and the current number of tokens available.
Another interesting fact is that they’re doing these hourly buybacks straight into the rewards wallet. You’ll see these big buyback moves right there on the dashboard. The team’s even promised that soon you’ll be able to see these buys happening every hour on the next dashboard update. This buyback plan started back in October, and as of now, they’ve already bought back $1.84 million worth of $WSM!
This project, with a market cap of $50 million, has committed to using at least 10% of the money made from the casino and sportsbook to buy back $WSM tokens. Plus, this buying spree happening in the open market is helping to support the price, especially now that the crypto markets seem to be gearing up for a bullish run.
WSM’s Utility-Rich Project With Outstanding Transparency Upstages Rollbit
The latest WSM dashboard is also giving us a snapshot of what’s happening right now. In the last 24 hours, the estimated revenue from the casino and sportsbook combined is around $32,700. That’s some serious action! The rewards wallet is also on the rise, sitting at a hefty 72.6 million $WSM. And on the dashboard, it’s showing a value of $1.8 million for the rewards wallet tracker.
Out of the total 2 billion $WSM tokens out there, about 0.13% has been burnt, and the rewards wallet has grown to about 3.63% of the total tokens. So, there’s some movement happening!
For all the $WSM holders out there, the dashboard also shares some other important info like token price, trading volume, total value locked, and the count of holders, which stands at 38,940. But remember, this number doesn’t include folks holding $WSM on centralized exchanges.
The dashboard data right now reflects the previous day’s activities. The revenue numbers and all are based on the previous period’s earnings, similar to what’s happening with the Rollbit GameFi project.
Now, here’s the cool part: WSM has something Rollbit doesn’t offer—staking! Stakers are raking in an Annual Percentage Yield (APY) of 42%. That’s pretty sweet! And get this, almost a quarter, which is about 472 million $WSM, of the total supply is locked up in the staking contract.
And hey, on the dashboard, you can also check out how many people are actively playing in the casino and sportsbook. Right now, there’s a healthy crowd of 1,531 players enjoying the action. Looks like things are buzzing over there!
Interestingly, the WSM Dashboard is teasing a new feature: a link labeled ‘coming soon’ that leads to a perpetuals trading product they’re working on. They’re keeping the details under wraps for now, but it seems like this news aligns with their aim to outshine Rollbit in the gaming arena.
Now, let’s talk about perpetuals. They’re a unique trading product in crypto that allows traders to keep their futures positions open indefinitely—no expiry date! Rollbit already offers this service, allowing customers to open leveraged positions on perpetual futures for top cryptocurrencies.
In the crypto world, derivatives trading, like perpetuals, brings in a lot more trading volume compared to regular spot markets. With Wall Street Memes having a strong brand presence and a huge community of dedicated traders across various social platforms, they’re setting up all the necessary elements to fulfill their goal of making finance accessible for everyone.
Even though they haven’t spilled all the beans yet and it seems like they’re still in the early stages of development, it’s possible that $WSM token holders might enjoy some perks. These could include reduced trading fees and other potential rewards, on top of the benefits already coming from the buyback program, staking rewards, and their newly launched affiliate program. Looks like they’re cooking up something exciting for the community!
