TronBet App Records $41 Million Weekly Betting Volume

TronBet, a decentralized betting platform powered by the TRON blockchain has received betting volumes of over $4o million in the last seven days. According to a Twitter user, the TRronBet platform has helped the top player to amass assets worth $198 million while the top 20 players netted almost $455 million. If we go by the numbers, the TRON platform made almost $36 million in profits from its decentralized betting application.

Vance, the Twitter user who put these profit numbers on his twitter feed is also the founder of hashletes, an American National Football League (NFL) related tokenized gaming platform. He explains how TronBet was able to make so much money in such a small time frame,

“[Tronbet’s seamless] UX (user experience) [had a lot to do with its success]. They’ve got a suite of games that are fun to play, fast, with player liquidity, and no fees. Hard to believe its built on a blockchain. With a native token (ANTE), while still dicey, they have no payment processor risk. The team is [obviously] anonymous.”

Users Making Huge Profit By Staking the Native token ANTE

Vance explained that the operating mechanism of TronBet makes it such a highly profitable betting platform. For every bet placed by a user, they also earn ANTE the native token of the platform. Vance further details that, users can stake their earned ANTE token to share the platform’s daily profits which range from $75,000 to $150,000. The users who have staked their native token are rewarded daily in TRX.

He explained the token economics of platform as,

“Token economics form an unbelievably tight feedback loop on the product, an incentive for casual users to stick with the platform long term, and a reason for users to come back every day (to stake their ANTE). Also, whale mining PNLs are nuts.”

Vance went on to explain the roadmap of TronBet economics, where he noted that the risk plays an important role. He believes holding onto ANTE token is quite risky as the reward is dependent on the dividends generated from the games. The users might be left with nothing if the games do not generate any dividend.

The lack of Attention Towards Tron’s Phenomenal Success

Vance went on to add that he was genuinely surprised at the lack of attention for the decentralized betting platform. The number of betting volumes combined with the game dividends make it the hottest betting platform, but looking at the lack of attention to the platform, Vance seemed genuinely surprised.

TRON has been making all the right noises in recent times, and it is continuously moving forward to give Ethereum a run for their money. With loads of development work going on the blockchain and the pending development work should excite every crypto enthusiast.