April marks the beginning of our journey into Quarter 2. Without a doubt, this is the most anticipated quarter for our users and presents the biggest development changes for us this year. We are happy with our progress from Q1 which was all about building a solid team, workforce and laying the foundations for our Q2 plans. We did come across a few problems in Q1 which we have learned from and will only serve to help us grow, progress and work harder. Our developers are now working fervently to bring all the aspects in Q2 to fruition. In this monthly report, We will cover the statistics, drop amounts, platform additions and the WIN buyback and burn figures.
Monthly drops and $WIN APR -
As our current users are aware WINk focuses on wealth redistribution with its users. The daily profits generated from wink.org are shared amongst its token holders.
Holding $WIN token and freezing it under the WINdrops section of the platform, entitles you to a share of the profits generated from ALL games played on wink.org. Each subsection of wink pays a certain percentage to the WIN pool, which accumulates throughout a 24 hour period and then distributes the total amount of $TRX $BTT and $USDT once every 24 hours, to its frozen token holders. The current APR for $WIN token is 35.4%
Here are the drop amounts for April vs March
WIN DROPS — $TRX earnings below are based on having 10 million WIN tokens frozen for the month.
March 2020: 2,400 trx
April 2020: 1,850 trx
DICE DROPS — $TRX earnings below are based on having 10,000 DICE tokens frozen for the month.
March 2020: 1,780 trx
April 2020: 1,610 trx
LIVE DROPS — $TRX earnings below are based on having 10,000 live tokens frozen for the month.
March 2020: 2,250 trx
April 2020: 1,360 trx
Live and Dice tokens cannot currently be purchased and are awarded for playing the games under their own sections of the website, which is referred to by our players as “mining”. Below is the current expected mining cost of the sub tokens.
The current expected mining cost (stage 8 level 4) for DICE is — 7.4 trx per dice
The current expected mining cost (stage 10 level 6) for LIVE is — 4.5 trx per live
New game additions and growth of LIVE platform -
April saw the return of the slot provider Platipus to WINk. We were happy to re-introduce their games on WINk and held a 4 day platform wide mining event to celebrate. Our users have been anticipating the return of these games for a number of months now and they were very well received. Over 14 million spins have been played on Platipus slots alone since their relaunch proving their popularity to all. We continue with ‘Super Slots Friday’ which offers players a 2x LIVE token mining bonus on the new slots we add every Friday. We have added over 40 new games in total to our live section during April and our players had some truly fantastic wins this month.
The end of April saw the beta launch of Binarium. This was a surprise to many and something that is ahead of schedule per our roadmap and was intended for release in Q3 of 2020. The beta launch was unfortunately short-lived as we had to remove it to make some important changes. Binarium will officially relaunch in May. We received very positive feedback from users during the time it was running and being tested and believe that Binary Options Trading will bring an entirely new experience to WINk and we are all now eagerly anticipating its official launch.
Sports betting -
Sports volume remains low as expected. However, the profit margin has been impressive. We have advertised Egaming betting throughout the month using twitter and have used the opportunity to reflect on how we can improve our sportsbook, including using polls directly within the community to get feedback on what our customers want to see added to sportsbook in the future. This feedback went directly back to our sports partners. We cannot foresee what the rest of the year will bring for the world’s sporting events, but we will continue to work together with our sports partner to utilize what we do have available to its highest potential.
Buyback and Burn -
WINk team continued with the monthly buyback and burn and the figures for April are as follows:
The Buyback amount — 408,516,594 WIN
The wager burn pool amount — 43,060,975 WIN.
The combined total amount of $WIN burned for April — 451,577,569 WIN
Social media presence and growth -
April has been very successful in terms of our social media presence. We have increased our twitter numbers by over 6,000 followers. Tweet content included 2 large giveaways one for easter and the other to advertise the $WIN token APR%. In April we also tweeted with 6 mining events, our video contest for ‘WINdrops every day keeps the bear market away’ We have also continued with our weekly #BIGWINk twitter competition, where 5 winners every week are chosen for sharing their spectacular wins from wink.org. The majority of our tweets this month were to inform new followers about the advantages of holding WIN, LIVE, and DICE tokens, both APR and the benefit of staking WIN over SR voting. We will be concentrating now on increasing our other social platform followings and interaction including telegram, Reddit, and bitcointalk.
DAU and platform traffic -
We are happy to say that our DAU remained stable during April as did our GGR and platforms profitability.
WINk community information -
As many users will be aware we were aiming to release the new UI beta in April, unfortunately, this has been delayed. We recently released a medium update related to this, where you can read more about why the delay has occurred and be assured that we are still working towards releasing the UI. The update also covers the current circulating supply of WINk and answers some of the other questions our community had. This article was published before our monthly update as a matter of urgency and we will provide a link to it here so anyone who missed it is able to access it easily and can combine the information published with our monthly report: https://medium.com/@winkfoundation/wink-ama-77c79d474ed