TRONbet Makes New Records In Betting Volume

The decentralised crypto betting platform based on TRON’s blockchain, TRONbet has recently experienced more than $40 million in overall volume over the past week.

1/ @TRONbet is fascinating: a tokenized gambling platform on Tron with real usage. $41M in betting volume in the past 7 days, top user has wagered $98M, top 20 users have wagered $455M. Yearly, @TRONbet, a Dapp, is on track to make almost $36M profit with a P/E of 1. 😮. Why? pic.twitter.com/REJXxTjLl7

— vance (@iam__vance) March 2, 2019

According to the Twitter user @iam__vance who pointed out through the microblogging platform that the top user on TRONbet had wagered $98 million and the “top 20 users” had reportedly “wagered $455 million” during the past seven days. With these calculations in mind, the TRONbet app is getting ready to make a profit of more than $36 million “with [a profits to earnings] P/E ratio of 1.”

Vance explained how TRONbet has become so profitable in a relatively short period of time since it was launched. The founder of hashletes, NFL related tokenised gaming platform argued that:

“[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. Team is [obviously] anonymous.”

Up the ANTE

Vance went on to say that the mining process associated with TRONbet was helping users make some big profit margins. The hashletes founder explained that “for every bet, you mine ANTE, the [gaming platform’s] native token.”

Moreover, he mentioned that users’ ANTE “ownership, [when staked], entitles [them] to a share of TronBet’s daily profits” which he predicted to be as much as up to $150,000. It was reported that the rewards from staking ANTE are apparently “distributed daily in TRX tokens.”