With the whole crypto being acknowledged by the whole Gambling/Poker world going on And sol being the presenting sponsor for the WSOP poker event in Vegas where they take Sol/Usdc as buy ins I've taken some interest in a new gambling protocol on Sol
Thesis below. (NFA)
@remusofmars is the reason why @fomo gets hate. Litteraly farms charts being the most followed trader on the app and sells for 1 sol gains. Literal fucking loser who kills charts. I know atleast every normal trader on the app agrees with me.
Every launch is shit. Every coin/project they endorse is shit/ruggs. They dont support smaller builds on their chain and just post str8 bullshit. Trading on their chain deadahh makes me feel silly. Ill stay until volume gone, already have 0 hope in them. GG
@beaniemaxi I donโt understand why these comments are so close minded. Solana can sponsor world series of poker and still support new one of a kind protocols on their chain. Yall acting like people are expecting massive private investment and insane posting. Just acknowledging is good.
Bruh he didnโt even delete the tweet where he complains about solana leaning into the sponsorship rather than new gambling protocols being built on sol. He just deleted the one where he posts the chart and explains the new specific protocol he likes. Either way whatever, what is he even wrong abt lol. Sol should support start ups on their chain base does big time ๐คท
Lastly the CA: FP111dxqjLRqtuoknQ8L6aaZjqqyFRT6FcAnaCPytJ3
Socials @FastdotPoker
Watch out with entry, team hasnt provided liquidity yet as treasury wallet grows so price is super volatile. Current mc is 30K. Gl lmk what you think and correct me where im wrong ๐
NFA DYOR
With the whole crypto being acknowledged by the whole Gambling/Poker world going on And sol being the presenting sponsor for the WSOP poker event in Vegas where they take Sol/Usdc as buy ins I've taken some interest in a new gambling protocol on Sol
Thesis below. (NFA)
The idea is that winners will be incentivized to burn their earned minted tokens for revenue share as the protocol expands and begins to make more and more revenue. This is the main deflationary pressure as team will not do buy backs which makes me super bullish in the fact they must expect a lot of volume in crypto gambling markets with this event going on I also expect this to outcompete a lot of other crypto gambling protocols as they are well connected and legit with good revenue share to its players/creators, but essentially as revenue pool grows the % that burners owned will be diluted forcing the players to continue to burn to keep or grow the amount of revenue they are allocated. Super good fundamentals and am curious to see how revenue goes, if hype can turn into volume to sustain the flywheel I could see the token reflecting the protocols success very well.
Their launch is vital for the idea behind their token planning, they chose to launch their token when a ton of solana/cyrpto based gambling partnerships were being established, essentially riding the tail winds of the massive gambling event already occurring in Vegas, especially a well connected team and their acknowledgment from magic block saying they are one of the key apps building on their current stack.
@FastdotPoker is a new gambling protocol on sol launched using @magicblock, I take a ton of interest in this project as their main focus is on their protocol and not their token instead they let their token be a reflection of how good their protocols revenue is, you can participate in cash games, SNG based tournaments and cash tables. All games take sol/usdc buy ins and pay out in raw minted solana:FP111dxqjLRqtuoknQ8L6aaZjqqyFRT6FcAnaCPytJ3 tokens, players can then decide to refine and sell their tokens or burn them for a stake weight in protocols revenue, Its cool because rather than withholding large amounts of revenue accumulated for buybacks and burns they pay their players, table creators and dealers very well and take small cuts for treasury wallets for providing early term liquidity and supporting the foundation.
P1.