$BB - A Revenue Printoor, Hidden Gem at Only MC 1M
The theory that gamblers are losing is DEBUNKED
This is my first time seeing players win more than they lose and yet protocol remains very profitable
Over 3M in betting volume, MC 1M, 400k liq, 50% APR
My thesis on this revenue printoor GEM 🧵👇
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You are absolutely wrong when you think that @TeamBookiebot is on the losing end when players win.
In fact, it’s the volume that is generated through $BB that is key.
$BB is a revenue generator, and at current prices, it has over 50% APY.
7 reasons why I like $BB , its the $BANANA for betting:
1) Aggregates Huge Betting Markets
@TeamBookiebot is web3's premier betting front end for sports betting.
Bettors can bet with ease on @azuroprotocol and @OvertimeMarkets directly through telegram.
This means that BB will pass along these benefits from Azuro and Overtime to its users.
2) BB is well positioned for $AZUR airdrop
Sign up here with my referral here https://t.me/BookieBot_tgbot?start=5868285440-010F9B
Why is the $AZUR airdrop worth it?
Azuro raised $7.5 million from notable Crypto VCs including Arrington Capital, Ethereal Ventures, and Delphi Digital.
BB gets 2nd largest aidrop from $AZUR as it is ranked top 2nd on Azuro, which is used by over 15 frontends
Azuro has over $7M TVL, weekly $1 to 2M betting volume
Users can now automatically farm for $AZUR airdrops with the ZERO risk :
Do your bet farming in one click
All outcomes of an event will be placed for you
Loss of the spread in the odds which are static between 1.5% - 3.5%
10% Rakeback mechanism relieves the farming cost
3) BB earns free $ARB
Overtime Markets, a product of utilizes Chainlink price oracle & offers multiple markets with Parlays also available
@thales_io received 500k ARB rewards from the STIP program and have a good amount of rewards going to @OvertimeMarkets
4) BB is 5x Undervalued + Generates 4x more Volume
Its competitor, BXBT, is 5x more expensive than $BB but has 4x less betting volume
$BXBT valued at $5mil while $BB valued at $1mil
If we compare Azuro bets only, BookieBot generates $2.5m volume while BoxBet generates only $700k volume.
Its a no brainer that this has so much more potential if I consider the future developments
5) $BB is Always Profitable
Being the betting front end also means that BB is always printing for their holders.
Regardless of any player wins or losses, BB is a neutral party that earns a fee from every bet.
Here is what I like about their liquid revenue share model:
All you need to hold more than 500 $BB tokens are eligible and you get to earn rev share while speculating on token price.
Distributed in ETH
Calculated based on a backdated monthly snapshot
6) Expansion in 2024
So in this case, $BB potential go beyond just these betting markets with the following upcoming:
Expansion across more chains
Casino games
Dapp and mobile dapp
Live sports betting
Especially so for live sports betting which accounts for nearly 90% of the bets.
7) Golden Tick
It says a lot about the project when they invest 5 figure yearly to get this golden tick. These are what you see with huge projects with millions of fundings
And they’ve got the official affiliation with Azuro
Find more analytics here:
https://dune.com/whale_hunter/bookiebot
Twitter: https://twitter.com/arndxt_xo/status/1750840263969481129