Read this becore aping into WINR Protocol on Camelot

No bullshit lambro sharing why i don't like them with investment framework

Read this becore aping into WINR Protocol on Camelot

No bullshit lambro sharing the ❌, 🤔 and ✅ on investing into WINRProtocol & JustBetOfficial

TLDR

WINR is a Liquidity provider for Crypto casino. Imagine the protocol providing GLP for developers can build different casinos games on it. Starting with JustBet

My thoughts on it

• 🤔Utility, Hard Market Demand

• 🤔Valuation

• ✅Speculation

• 🤔Investors profile (primary tbc, retail no token yet)

• ❌Tokenomics

📍In this thread

1️⃣ What is WINR & Justbet

2️⃣ What is $WINR $vWINR $WLP, Bribes & Revenue

3️⃣ Camelot fairlaunch detail

4️⃣ Tokenomics

5️⃣ How would Lambro trade this

🐑 Summary

1️⃣ What is WINR & Justbet

WINR TLDR

WINR is a Liquidity provider for Crypto casino. Imagine the protocol providing GLP for developers can build different casinos games on it. Starting with @JustBetOfficial

For who that doesnt know what GLP is, it is basically a pool of funds provided by liquidity providers with a basket of BTC, ETH, Stablecoin to earn Fees + PnL of the trader of GMX.

In WINR’s case it is Fees + PnL of gamblers. Gambler win LP lose, Gambler lose LP win.

What is @JustBetOfficial

Justbet is their first web3 casino they launched.

Including games

• - Coin Flip

• - Range

• - Moon

• - Whell

• - Pinko

• - Dice

• - Rock, Paper, Scissors

• - Lottery

Different games have different house edges, like casinos. In theory in the long run LP should win.

I played around with it, as a heavy degen gambling addict its quite fun, those small animations and windows jumping saying i win or lose is fucking addicting.

UIUX is smooth, this is definitely not their first casino app lol

2️⃣ What is $WINR $vWINR $WLP, Bribes & Revenue

They made it relatively complicated but here's lambro break down

🔹$WINR

• WINR can be staked for WLP yield from Bribes

• UI shows 1x weighting in Staking pool

  

• 20% of bribes n 15% of fees are allocated to buy back n burn

• Burn is vWINR decide to vest fewer than 180days

• 0.5% burn fee everytime user unstakers WINR or vWINR

🔹$vWINR

• WINR staked for WLP yield from Bribes

• UI shows 2x weighting in Staking pool

  

• vWINR is are minted with each betting transaction as incentives

• vWINR is a vested version of WINR.

• It can be converted into WINR through a vesting period consisting of 180 days

🔹$WLP

• The price of WLP appreciates over time as players lose tokens, and these assets are added to the index composition

• It is the underlying asset of WINR Liquidity Pool

• Price = Total Worth of Multi-asset Index Pool/ WLP Supply

Target weighting

🔹Bribes

WLP pays “bribes” everytime gamblers starts a game.

They pay based on the formula above, in short if WLP lose they pay more in that Epoch to WINR/vWINR for boosting more gambler & WLP incentive.

• 60% of the bribes to the WINR/vWINR staking pool

• 20% of the bribes to the buyback and burn address

• 20% of the bribes to the core developers

🔹Protocol revenue

Swap fee from WLP

Mint fee for WLP

* do note gambling winning & losing should be minting n swapping WLP too.

• 25% of the fees to the WLP holders

• 45% of the fees to the WINR/vWINR staking pool

• 15% of the fees to the buyback and burn address

• 15% of the fees to the core developers

3️⃣ Camelot fairlaunch detail

🔹Hard Cap Raise 3m

🔹Token Sold 50%WINR, 50%vWINR (10% of total supply)

🔹Hard Capped FDV 30M USD

🔹Initial MarkCap 2.25M

🔹Initial Circulating Supply 75M WINR

🔹Purchase Token USDC

🔹Max Listing Price 0.03USDC

Fund raise distribution

🔹40% to Protocol Owned Liquidity as initial exchange liquidity on Camelot DEX

🔹50% to WINR Labs for further marketing, product, and business development

🔹10% to the Floor Price Fund

4️⃣ Tokenomics

🔹Public Fair launch on camelot 10%

🔹WINR Labs 15%

🔹Treasury 5%

🔹Marketing & Partners 7%

🔹Advisors 1.5%

🔹Protocol Owned Liquidity 2%

🔹Floor Price Fund 0.5%

🔹Previous Holders 1%

🔹Referral Rebates 0.5%

🔹Genesis WLP & Staking Rewards 2.5%

🔹Ecosystem Rewards (Bet & WLP Rewards) 37.5%

🔹Core Contributors 17.5%

🔹Public Fair Launch on Camelot 10%

📌Circulating Supply on TGE

🔹10% of the supply is sold through the public sale on Camelot (50% WINR, 50% vWINR)

🔹2% of the supply is allocated to Protocol Owned Liquidity (100% WINR)

🔹0.5% of the supply is allocated to Floor Price Fund (100% WINR)

📌Minted over time

🔹$vWINR

• 37.5% to Ecosystem Rewards minted over time by players and WLP providers

• 0.5% to Referral Rebates minted over time by the referees

• 2.5% to Genesis WLP and Early staking rewards with 12-month linear vesting

🔹WINR

17.5 to Core Contributors with 24-month linear vesting (100% in WINR) 😒

🔹WINR & vWINR (50% WINR, 50% vWINR)

• 7% to Marketing and Partners with 24-month linear vesting

• 1.5% to Advisors with a 36-month linear vesting

• 1% to Previous Holders of WINR with 24-month linear vesting

• 15% to WINR Labs with a 6 months cliff and 36-month linear vesting 😒

5️⃣ How would Lambro trade this

🤔Utility, Hard Market Demand

🤔Valuation

✅Speculation

🤔Investors profile (primary tbc, retail no token yet)

❌Tokenomics

🐑Summary

🤔Utility, Hard Market Demand

• Cool addictive casino but value goes to WLP more than WINR

• Will need a lot of degen losing on casino to make meaningful buy pressure on WINR

• If not is just farming incentive token 🥶

  

✅Speculation

• Camelot’s first capped Auction

• Arbitrum is still hot

• Everyone is talking about gamblefi

• Most gamblefi token had a mini bullrun

• “GMX” of casinos

🤔Investors profile

🔹2000 user sign up for whitelist to join auction

🔹Approx 750k worth of xgrail committed to get whitelist

❌Tokenomics

Teams, Contributors, Marketing & partners, treasury owns 45% of total supply with relatively aggressive linear vesting.

🐑 Summary

I prob gamble some money on @JustBetOfficial when its out, for trading wise. This is a degen narrative play.

2 case in how to play the auction

🔹Flipperrrr

• enter for trade 50% unlock at 2.25m mcap (because 50% is in vWINR)

• If it goes more than 2x day 1 u are safu

• If you express vest ur vWINR for 15days for 50%less tokens u can sell them instantly for more profit

🔹Believerrrrr

Buy n hold, token go up then good for u bro

🐑

I will sit out on this one as im not big on gamblefi anyways and i think most value is in WLP more than WINR.

The project team holds too much of its token and WINR is more of a incentive farm token, but arbitrum narrative trader have been winning. U can never underestimate degens in short term trades

If u decide to go in i suggest u look into WLP n farm WINR instead of buying.

My thoughts are team is holding a lot of token and earning a lot of the fee here n there + their vWINR are designed to have yield while investing..?

Are there really that much yield/fee to distribute and promote buy pressure?

💡Idea

Since they are giving rewards to gamblers, if vWINR holds up is there an edge for delta neutral free farm?

If coin flip is really 50% win n lose odds

it will be interesting to just play 1000x times earn the incentive for vWINR n just express vest it for 15days to dump

Thanks for reading, im done fudding