WIN tokens are a cryptocurrency used on the WINk gaming platform
- What is WIN coin?
- How does WIN work? (WINkLink)
- Who invented WIN?
- How does WinDrop work?
- The price of WIN coin: How does WIN mining work?
- WIN coin price prediction: What does WIN do?
- WIN price history
- Is WIN coin a good investment?
What is WIN coin?
WINkLink (WIN) is used on the WINk online gaming platform. WIN tokens enable users to place bets and make transactions on WINk.
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WINk, which was known as TRONBet until July 2019, is a blockchain-based gaming platform.
WINk’s token, WINkLink, was released by the platform’s creators after the rebrand from TRONBet to WINk. The WIN token supports two blockchain standards:
TRC20 – TRON blockchain
BEP-2 – Binance blockchain
Now we can consider how to make a WIN token price prediction, but first let’s discover how the WINkLink (WIN) works.
How does WIN work? (WINkLink)
WINk’s aim is to become the blockchain industry’s premier gaming platform for users to play, socialise and stake across multiple blockchain systems.
WINk’s predecessor, TRONbet, was the first decentralised application (DApp) launched on the TRON network. WINk claims it offers the largest library of games on the TRON blockchain, including poker, dice and slots.
The WINk platform also offers tools and resources for developers to create unique gaming DApps.
Who invented WIN?
A Binance Research report lists 12 people on the development team, including three who have experience in games and management. A further four have previously worked with blockchain technology.
The team comprises former employees of well-known corporations including Amazon, Alibaba, Ogilvy, Tencent and Gameloft. While their names are given, no other details are supplied.
There has been speculation that this secrecy is because the developers are from China, and do not want to attract the attention of the Chinese authorities to their gambling platform.
Each WINk user mines tokens by playing their favourite applications on the platform. The more time a user spends playing, the more tokens they receive.
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There is also a separate feature for token holders called WinDrops, which work in a more complex way.
On 11 November, WINk celebrated amassing 55,000 followers on their Twitter account.
How does WinDrop work?
Platform participants have an indicator called Win Power. Win Power is calculated based on the number of WIN tokens held by a user. The more tokens the user has, the more Win Power they accumulate.
Every day, depending on the amount of Win Power available, the system distributes a certain number of TRON tokens (TRX) between all holders of the WIN cryptocurrency.
The amount of TRX a user receives is proportional to their Win Power.
The price of WIN coin: How does WIN mining work?
The WINk platform provides developers with tools that enable them to create applications (games) and export ready-made projects.
The platform’s developers then lure users in with the low cost of transactions within the network.
So, while the average transaction fee within the Ethereum network at the time of writing was more than $10, for WIN all you need is a TRON wallet, such as GuildWallet or TronLink, and about eight TRX tokens, or $0.749, according to WalletInvestor.
The developers claim that they are able to offer this because the platform uses its own bandwidth and power grids to conduct transactions.
At the same time, the tokens earned by users of third-party applications cannot be sold on the secondary market. So, is it possible to make a WIN coin price prediction for 2021?
WIN coin price prediction: What does WIN do?
The WIN coin is available as a dual token – either as TRC20 or BEP2.
TRC20 is like the TRC token, so it is dependent on TRON virtual machines (TVMs), which are used by TRON developers and supported by the TRON network.
BEP2 are tokens issued on the Binance Chain (BC) network. These tokens are used to pay fees and enable any transaction within the network.
WINk’s decentralised gaming platforms are intended to allow users to keep complete custody of their funds, while gambling DApps generate faster and smoother transactions.
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WINk claims to offer a low-cost casino operation that results in a lower-house edge for the user, as well as more anonymity and provable fairness.
Ken Park, head of WINk, said:
“We truly believe blockchain technologies can revolutionise the gaming industry and provide excellent user experience.”
WIN price history
Between its launch in 2019 and the spring of 2021, the WIN rate was unremarkable, hovering at around $0.0008.
Then, in early April, the exchange rate rose sharply by 400% and by its 7 April 2021 peak, the price of WIN had risen to $0.002682. This explosive growth was a result of the free cost of transactions, as ETH users of WINk migrated to WIN.
However, the price dipped again and the market capitalisation of the virtual currency, having approached the $1bn mark in April, dropped to $144.6m by mid-June.
In the five months since then, the price has crept up slowly but surely. On 27 November 2021, the market cap stood at $677.6m, according to CoinMarketCap, where it ranks at #140 in the overall crypto market.
On the same day at the time of writing, the WIN price was hovering around the $0.0007001 mark.
Is WIN coin a good investment?
Be wary when looking for a WIN coin prediction. Invest carefully, and do not part with your cash unless you can afford to lose it. Cryptocurrencies are risky and highly volatile instruments, and you should do your homework before putting money into any of them.
Mike Delaney, clinical director at Delamere Rehab, says anyone considering investing in this type of cryptocurrency risks becoming addicted to virtual gambling. He advises:
Set limits on time and money. This enables you to control how much time you allow yourself to spend online on crypto-investment websites.
Avoid drinking while gambling or managing your money. Delaney says: “We would highly recommend avoiding any form of financial investments when under the influence of alcohol.”
Take frequent breaks. “Gambling can absorb individuals and leave you feeling overwhelmed,” Delaney says. He recommends deleting or at least turning off notifications for apps and any tabs you may have open for checking on your crypto investments.
Don’t break the bank. When your time is up and your spending limit is reached, do not try to amplify your investments in an effort to recoup prior losses – or, in better-recognised terms, chase your nftgamef.comney adds: “Sometimes you will gain money and sometimes you will lose money, but it’s important to avoid excessively investing more in the hope of making back lost money.”
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