Research Report: BLOCKBET

Today I did a deep dive into a company that I find undervalued and has an ongoing airdrop campaign that can actively be farmed.

TLDR:

• Sportsbook and Casino

• Ongoing rewards program with airdrop attached

• $40M+ wagered on platform

• Token buybacks with revenue and a teased staking feature to allow you to “own the casino”

Loyalty Program:

• Tiered Loyalty System: Levels start with “Rookie” and increase through multiple levels to the top level of “Goat”. Users climb the ranks by wagering on the platform, with each level up unlocking additional rewards and benefits.

Airdrop:

• $1,000,000 airdrop across four seasons

• Season one airdrop date was May 31st with $250,000 of BTC being distributed

• Season two information still uncertain

• Play to earn format, wagering more and moving up the ranks gets a bigger share with sports betting offering a slightly better XP payout.

Token: $BLOCK

• At the time of writing: BLOCK is trading at a market cap of $15.5M

• Buy Backs: Blockbet buys back BLOCK token using revenues

• Users are incentivized to purchase and gamble with BLOCK as they are rewarded with 20% back weekly on losses ($481,379 was purchased in May)

• CA: NFTUkR4u7wKxy9QLaX2TGvd9oZSWoMo4jqSJqdMb7Nk

Season one just ended and we were able to grab some numbers shared on X by the founder (@bobthewizard23): Link to Tweet

Conclusion: The house always wins, right? Might as well own it. With its rapid growth and bullish mechanisms in place (buybacks) I find Block to be undervalued in comparison to competitors.

DYOR NFA as always.