The WINR Protocol is gaining recognition as a major player in the decentralized gambling platform industry, also known as the GambleFi sector. It provides the necessary infrastructure and technical solutions to bring the betting market to Web3.
With the increasing popularity of GameFi, the protocol offers investment opportunities for those who believe in the future of this sector.
The WINR Protocol, launched in March 2023 on Arbitrum (ARB), provides a software development kit (SDK) for individuals to build and launch their games on top of it.
Being a decentralized protocol, the WINR Protocol is overseen by a dedicated WINR Decentralized Autonomous Organization (DAO). The WINR crypto token serves as the base gas token in the WINR Chain ecosystem. It is designed to be deflationary, with a portion of its total supply of 1 billion tokens being burned after each transaction.
The WINR token also functions as a Governance token, allowing holders to participate in the decision-making process of the protocol through voting for proposals.
Developers can propose to launch their games on the platform. If approved, their gambling games are integrated into the WINR Protocol, and they earn commissions from user activity.
Currently, the WINR token is trading at $0.083, experiencing a more than 90% increase in less than three weeks since closing October at around $0.043.
Since its launch, the WINR token has risen by 110%, remaining just 30% below its all-time high of $0.1207 on March 21.
After a successful launch in March, the token experienced a decline in subsequent months, reaching a historic low of $0.01222 on July 20. However, it has since surged by over 600% from that point.
In addition to providing infrastructure for on-chain games, the WINR Protocol also focuses on being an autonomous liquidity provider. It achieves this through the WLP ERC20 token, which represents the underlying assets in the WINR Liquidity Pool. This token has a liquid value in USD.
According to DeFi Llama, the current Total Value Locked (TVL) on the WINR Protocol is $3.5 million.
The WINR Protocol has successfully launched notable GambleFi projects. According to a recent report by David Zimmerman, the protocol has generated over $1.1 million in revenue and $300,000 in profit within six months, establishing itself as a significant player in the DeFi space.
Due to its design, the WINR Protocol can host various games and platforms, including casinos, sports betting platforms, on-chain games, dice and card games, and rewarding mechanisms.
Two successful projects launched on WINR are JustBet and DegensBet. JustBet allows unlimited withdrawals and operates entirely on-chain without the need for KYC. Its instant bet settlement has made it popular among regular gamers, and it currently offers 18 active betting games. Additionally, the platform serves as a trading platform for crypto futures.
DegensBet, on the other hand, offers high leverage (1000X) trading of Bitcoin (BTC) and Ethereum (ETH).
As decentralized finance (DeFi) continues to grow, platforms like WINR will benefit from the increasing adoption of web3 games.
While the native token of the protocol has yet to achieve mass adoption, it remains a significant asset within the crypto ecosystem, supporting the operations and future growth of the protocol. As GambleFi gains popularity, the WINR token price has the potential for significant growth.
