What is the current price of Winr.Games token (WINR) and how does it compare to its historical prices?
According to our readings as of June 21, 2024, the coin's current price is $0.0379. It had dropped from its price of $0.038 a week ago to this date. As of this date, it had a circulating supply of 378.14 million from the total 395.65 million in supply. As of Dec 28, 2023, it reached its all-time high of $0.1463. On Jul 20, 2023, it had its all-time low of $0.01222. The Winr.Games token has a market capitalization of 14.34 million. It has a maximum supply of 1 billion WINR.
The WINR token works as a transactional element on WINR. It is used to reward players for playing on-chain games on the platform. These tokens may subsequently be bought as in-game goods, engaged in governance, or sold on bitcoin markets. A portion of WINR is also allocated to rewarding players. These rewards are presented as vWINR, which is a vested version of $WINR. You can easily convert vWINR to WINR.
WINR tokens have numerous benefits for users, especially developers. It acts as a gas token on the layer-3 WINR Chain, therefore granting governance powers. With this incentive, developers enjoy a larger audience for their running games. Developers of on-chain games also get a portion of the income their games generate. This earning is automatic, thanks to the smart contracts that allocate a portion of the fees players pay to the game's creators.
What are the concerns or controversies surrounding Winr.Games token (WINR) and how have they been addressed?
There are two main concerns and controversies surrounding this token. First, early investors bought a substantial amount of the original low-priced WINR coin. Unfortunately, the team could not satisfy these investors, leading to negative market sentiments and the delisting of the token on exchanges.
Following this turbulent beginning, WINR stopped communicating with investors in 2022. The old tokens became almost useless. The team then returned in late 2022 and presented a token exchange, trading the old tokens for fresh 2023 WINR tokens. Still, investors only got a 1% allotment of the new supply, even though they owned 17% of the depreciated tokens. Some early investors had impressions of unjust treatment as a result.
WINR has subsequently switched to a better model, but the opaque handling of the 2020 scenario begs raises concerns of misbehavior. On the other hand, the fact that they reached out to early investors in a bid to fix the problem shows commitment to customer satisfaction, even though these holders weren’t fully content.
The second problem comes with its tokenomics—especially the necessity of more openness about the $1 million investment round mentioned on their Telegram channel. These worries are related to the absence of specifics around the $1 million investment round for the WINR Protocol. This raises issues about their driving force for publicly advocating the contribution. It would be great if the team could provide more information on this private round and its investors.
How does the Winr.Games token's buyback-and-burn mechanism work, and how does it affect the token's value?
The WINR protocol allocates 15% of its weekly frees and 20% of its weekly bribes to buy back WINR tokens. For clarification, bribes are the amounts paid to the protocol before starting a game. The protocol burns the tokens it buys back, effectively removing them from circulation and causing a decrease over time. If there's a corresponding increase in demand for the token, the coin's price automatically increases, presenting potential profits for holders.
How can users participate in the WINR token economy, and what are the potential benefits of holding WINR tokens?
Aside from developers being able to host their games and earn money, users can also take part in the following:
- Playing games: The WINR token allows access to your best games on the WINR Protocol. WINR is basically the currency one can use to engage in on-chain games, complete challenges, and unlock levels.
- Staking: WINR lets users stake and earn more tokens. Players can stake both WINR and vWINR to get profits over time.
- Governing: Token holders can vote; they are not left out of the decision-making process. This guarantees that the community has a voice in the direction and evolution of the protocol, therefore encouraging responsibility and ownership among its users.
What is the future roadmap for Winr.Games token (WINR), and what new features or developments can users expect?
WINR’s team has a clear path of operations, which is detailed on its platform. Here are some things to expect in 2024:
- It intends to introduce the on-chain badge system where users accumulate badges by completing specific tasks.
- WINR will undergo significant chain expansions and launch on Base and other EVM-compatible networks. This move is expected to enhance the scalability and reach of the WINR ecosystem.
- A no-rug meme launchpad, PumpBest, will be introduced on the WINR Protocol, offering users a unique and safe platform to engage with meme tokens.
- Look forward to a new frontend operator module that will allow operators to deploy from a suite of products without needing to fund a bankroll or develop a product.
- Implementing cross-chain revenue distribution on WINR Chain will streamline and optimize revenue sharing across different chains, benefiting all stakeholders.
- Users can anticipate the release of new games, including Gates of WINR, WINR Rush, and meme-based Solana games.
- A perps-trading platform, DegensBet, offering 100x-1000x leverage on ETH and BTC, is expected to launch in early October 2023. This platform will cater to high-risk traders.
- An auto-bet feature and strategy options similar to web2 UX will be introduced, enhancing the user experience by providing more convenience and strategic gameplay.
- A new synthetic token, xUSD, will be introduced for deposits, VIP, and welcome bonuses, offering users additional incentives and transaction flexibility.
- Launching a Sports Betting Module and 0xSportsBet will extend the platform to include decentralized sports betting, attracting sports enthusiasts and broadening the platform’s offerings.
