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Mega Thread on $Agc: GambleFi narrative

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3 years ago

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- The gambling narrative #GambleFi is here. - #Arbitrum, as the hub of defi is a reality. - Solid microcaps have the best R/R. 💎 There's a project that ticks all the boxes → @ArbiGameCoin ⚠️ I'll analyze the sell-off Grab the flaming dice fren. $AGC Mega thread 🧵:
🎲 You guys are busy people, so let's get to the alpha quickly. 1️⃣ What is it? 2️⃣ ⚠️ Recent problems 3️⃣ Why not traditional online gambling? 4️⃣ How does it work? 5️⃣ Should you buy the token? Why? 6️⃣ How can you buy it? 7️⃣ Upcoming catalysts? 8️⃣ Security concerns? 9️⃣ Conclusion
1️⃣ @ArbiGameCoin It's a gambling protocol launched on Arbitrum, where you have the opportunity to both place bets and act as the house It essentially operates as a decentralized casino. At present, there are three games available: • Roulette • Spin The Wheel • BlackJack
2️⃣ Yesterday team explained there was a licensing problem, and so games would be disabled. This lead to panic selling and naturally price tanked. twitter.com/ArbiGameCoin/status/1626266845014523906?s=20
First of all, it was not a rug pull. Token is still trading. LIquidity had been previously re-locked for three months. twitter.com/ArbiGameCoin/status/1623620636923904000?s=20&t=GFkG-rVcRoXr4VewSyBUKw
A couple of hourse later they updated the situation saying games would be reactivated. twitter.com/ArbiGameCoin/status/1626293910258548743?s=20
They are online now. twitter.com/ArbiGameCoin/status/1626310862922301443?s=20
You can argue this could have been handled better. Truth is after all the panic selling that took place, I think we're at a point of maximum opportunity (and risk).
Does this look like a dead project to you? My answer would be no. Micro caps can easily go to 0 after such events but in this case the token is just bouncing strong at support.
Crypto influencers are still onboard. twitter.com/CryptoKaduna/status/1626300796995346432?s=20
👇 twitter.com/BraverCrypto/status/1626309974325338117?s=20
Project still alive. twitter.com/LouisCooper_/status/1626286337576894465?s=20
Surprisingly two days ago there were 700 holders, today after the event there are more, 800+. 🤔 twitter.com/CryptoSpadez/status/1625217326726651904?s=20
If you were bullish you might have been given a golden opportunity, now you have a 60% disccount. The decision is yours to make, but whatever it is, take responsibility for it The key is you have to invest only what you can afford to lose. Such is the nature of crypto.
3️⃣ By 2028, traditional online gambling is estimated to reach a value of 158 billion. However, due to its shady players, fake money and big inefficiencies, this sector is likely to be replaced. Blockchain will take over -> #GambleFI is just getting started -> and so is $AGC.
🎲 $AGC as a decentralized online gambling option is far better than traditional websites for many reasons, including: Increased transparency, no intermediaries, enhanced security, and anonimity. Aditionally is simple and user-friendly. And of course, you get to be the house.
4️⃣ Tokenomics are pretty straighforward. Tax: 3% buy, 7% tax. Max supply: $1M $AGC tokens are the casino chips you need to start gambling. Or you could simply stake your $AGC and earn house gains. Juicy APR.
🎲 As a player you will be awarded points, and if you reach the top 3 you will be awarded with prizes in $ETH These Points are calculated as ‘Bet amount + Won Amount’
5️⃣ Let me show you some statistics and you make your (informed) decision. Arbitrum is winning the L2 race. Check TVL in 2023
🎲 $AGC numbers, just like Arbitrum's, are pointing upwards. New players are steadily coming.
133k tokens are staked, more than 13% of the supply
🎲 Now listen to this: The juicy APR is NOT coming from inflation but from the Bets. This is real revenue. More users --> more (sustainable) yield. More real yield --> more tokens staked. More staked--> less circ. Supply. 👀 You get the point. 🔥
6️⃣ Where to buy it? Switch to Arbitrum network in your wallet, and then head over to SushiSwap to buy the token: bit.ly/40ZuA0C Check the chart on Dexscreener bit.ly/3lyS8ZO Go to app.arbitrumgamecoin.finance, connect your wallet and start gambling.
7️⃣ Is now a good time? Well, you should make your own risk assesment but imo, at 500k Market cap, the potential is huge and this is how you should be looking at the chart. It reached 1.7M before the selloff It doesn't make sense the R/R if you don't aim high. Market cap > % up
🎲 Upcoming Catalysts -> New games decided by the community will be added in the next months. -> New partnerships. -> An increase in marketing efforts. -> @Coingecko and @CoinMarketCap listings -> Rework if the site with a more professional look
🎲 $AGC started trading only 20 days ago. Since then team has delivered. They have a working product. Some of the goals they've reached: → 3 Games released. → Dashboard to track activity → Twitter marketing efforts → Growing community → Gamblers competition → Staking
LP staking is now live. twitter.com/ArbiGameCoin/status/1626163836171567106?s=20
🎲 No massive whale waiting to nuke the price at will. twitter.com/LouisCooper_/status/1623977618415689730?s=20&t=Xf8LbY3rbtiFvs8iQLuYFg
9️⃣ Conclusion #GambleFi narrative is heating up and $AGC is strategically positioned in #Arbitrum. It has a hardworking team that has thus far delivered, evidenced by the growth of their platform.This growth is organic since there's no inflationary or unsustainable incentiives.
Staking rewards come from real yield. A flywheel effect and a supply shock is a real possibility. Additionally, they have already attracted many smart individuals. Finally let's not underestimate the power of the GambleFI narrative on Arbitrum.
🎲 That was my humble opinion, you can (and should) do your own research. I am a $AGC holder. @ArbiGameCoin team keep up the good work! Twitter → @ArbiGameCoin Telegram → t.me/arbitrumgamecoin Site → arbitrumgamecoin.finance App → app.arbitrumgamecoin.finance/
If you see value in this thread a RT would be much appreciated. $AGC. You're doing something seriously wrong if you're not following them ↓ ↓ @LouisCooper_ @CryptoKaduna @CryptoShlug @paulchristain__ @CRyptOracl3 @tehMoonwalkeR @EricCryptoman
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Estak

@CryptoEstak

Navigating the cryptoverse while it's still early. Writing my thoughts one at a time.