I have been wanting to diversify this portfolio by adding a 4th coin but it's hard to find projects that fullfill all or most of my personal requirements. The last one that came close was owl.games but their scammy tokenomics made it impossible to take them seriously despite liking the product. I have been looking at SX from sx.bet for quite a long time now wanting to add a liitle bit and finally pulled the trigger as 1 factor changed.
So sx.bet is different to the others as it's a blockchain-based betting exchange. The things that threw me off initially were the ridiculous Ethereum gas fees which got solved by moving to Polygon. Once the move happened, the odds simply were plain bad making it a product I would never actually use myself while the token seemed to be extremely overvalued all based on speculation of this becoming a major player in the space.
The odds seem to have improved drastically and I was actually pulled in to take a early bet on the Belgian Jupiler League which now makes sx.bet a product that I'm actually using.
For as far as the SX token goes and the dividends, it's quite different than the others as it's more a case of getting more tokens for staking from inflation while those that use the platform also are getting them. Actual fees are collected and just like most DeFi Projects, the value comes from speculation that one day these will be paid out to tokenholders.
While there is '19 Million' in the community fund, most of it comes from SX tokens while only 52k is in there in USDC/ETH which is kind of a joke. The total market cap of circulating coins is 20 Million with a fully diluted market cap of 200 Million+. The Token now is costing 0.20$ after being as high as 0.95$ and I would say it's still highly overvalued just based on the betting dividends. SX also is it's own blockchain as the first side-chain on polygon but I don't have enough insight on that yet.
The expected yearly return for staking SX now is 18.45% paid in their own token which has an unlocking time of 60 days so it's highly illiquid and uncertain. The token does have utility in that it provides discounts on fees.
The fees themselves by default are way too high and the structure of how many are needed also makes little sense. Aside from being able to bet more decentralized, it offers no benefits and a lot of disadvantages to something like Betfair.
I had already bought 100 SX just as a test a long time ago which made me experience how it works and how it was (and still is) not supported to lock coins from a ledger hardware wallet. I did increase my holdings to 1000 SX (paid 0.197$ a coin) which is expecting me to get somewhere between 0.5$-1$ a week as extra earnings. The main reason I bought was to have a bit more skin in the game so I'm properly able to track things and make a better judgment going forward. At this point, I do expect the price to go lower. I do like the overall development and idea though and I will add it to these weekly updates.
Wink.org (WIN)
There were some signs of life in the WIN Dividends which made me pull the trigger on adding 3M WIN to my stack which I paid 335$ for. Both the price chart and the 100-day moving average dividends charts are reaching a nice support line on the general uptrend. This while the dividends last week based on the price went to a +27.56% Yearly Return Expectation.
If the line would break which is not that unlikely given the market sentiment, I will start deploying some more capital when it reached the 70$-60$ range for 1M WIN. This would be another -40% drop in price.
Sportbet.one (SBET)
Another ok week from SBET which has been the king of consistency providing somewhat of a hedge against the bear market.
Betfury.io (BFG)
The pattern for BFG also remains the same offering solid dividends % wise based on the price because there is high constant inflation (+2.16% more coins mined last week) which puts things in a general downtrend.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
| Project | APY |
|---|---|
| Betfury.io (BFG) | +62% APY |
| Sportbet.one (SBET) | +47 % APY |
| Wink.org (WIN) | +27% APY |
Note: Token prices going up or down have a major influence on the actual returns going forward either amplifying them if they go up or destroying them when the price goes down.
Personal Gambling Dapp Portfolio
The passive income continues to come in at a rate between 250$ and 300$ during the bear market which each week gives me fresh funds to reinvest. I'm currently holding 30M WIN / 7M SBET / 573k BFG / 10k TRX / 79 LIVE | 2271 RAKE / 1000 SX which combined is worth around 29k Dollars. I am looking the diversify more looking for good gambling dapps that pay the losses or fees from the gambler to those holding a token, so if you have one on your radar make sure to let me know...
Full Guides to Decentralized Crypto Bookies I personally use where no KYC is required allowing anonymous betting from any location without individual limits for winning players...
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|---|---|---|---|
| Betfury.io |
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