WINR Protocol has been at the forefront of the iGaming industry, developing products and tools on the Arbitrum network.
27 Sep 2023, 11:40
WINR Protocol has been at the forefront of the iGaming industry, developing products and tools on the Arbitrum network.
A total of 500,000 ARB tokens are proposed to be distributed among the protocol's core participants to accelerate its growth, consequently benefiting the entire Arbitrum ecosystem, including liquidity providers and users.
iGaming products typically require enticing incentives to kickstart initial growth, and ARB grants are an ideal instrument for the protocol to expand its user base.
Let's take a closer look at JustBet, the first platform on WINR, and its performance thus far:
In just four months since its launch, the platform has attracted 1,400 players, generating a trading volume of $63 million exclusively from games.
JustBet has adeptly leveraged WINR Protocol's dual-token incentive model, boasting 6,324 vWINR holders actively engaged with the platform. So far, more than 200m WINR/vWINR tokens are staked, generating over $435k of revenue.
WLP has generated $200,000 in revenue solely from games played on JustBet. WLP holders can expect this revenue figure to multiply with the bolstered incentives.
For more stats, have a look at the Dune page:
Breakdown of the Grant:
200,000 ARB allocated to bootstrap WLP liquidity.
150,000 ARB for a three-month JustBet gaming competition.
150,000 ARB for a three-month DegensBet trading competition.
If this grant is approved, it will serve the following purposes:
Attract attention and liquidity, laying a strong foundation for gaming.
Establish a new liquidity cornerstone on Arbitrum within WLP, offering attractive yield opportunities for the ecosystem's participants.
Promote the functionality and utility of Arbitrum Orbit.
The justification for the grant size is grounded in our achievements, track record, and immense growth potential. Support us on the forum under our application: