GameFi tokens like ApeCoin (APE) and Decentraland (MANA) have made impressive gains this month. However, they are still barely in the green for 2024, while the top altcoin in GambleFi, Rollblock (RBLK), is about to return more than 310% to its earliest investors. This crypto casino is using revolutionary tokenomics to solve the monetization issue that plagues GameFi tokens and is looking at over 100x growth as a result.
ApeCoin Struggles With Small Ecosystem and Few Transactions
The ApeCoin price has registered impressive growth so far in this bull cycle, with a 90% return that is far ahead of the overall market. However, this rally only brings ApeCoin to a 10% gain for 2024 after losing more than 60% of its value at one point.
The ApeCoin price struggles with the classic issue in GameFi: monetization. While ApeCoin can be employed to power user-made games or trade digital assets, it remains a small market with few transactions.
The ApeCoin price rapidly lost all of its gains from the previous bull cycle, and it is likely that investors will see a similar performance in 2025.
Decentraland’s Virtual World Continues to Shed Users
The Decentraland price faces similar challenges with bringing monetization to its virtual world. Decentraland allows users to buy, develop and trade plots of virtual land, but it has a small and dwindling user base.
Decentraland’s impressive 200% rally for this month has dragged it up to a respectable 40% return for 2024. However, the Decentraland price has also reversed all previous bull cycles, leading to losses for anyone who bought and held its tokens.
With the Decentraland rally already starting to fizzle out, a repeat of previous bull cycle patterns is likely to emerge soon.
Rollblock’s Tokenomics Brings Simple and Effective Monetization to GambleFi
Unlike the monetization issues of GameFi tokens like ApeCoin and Decentraland, Rollblock’s GambleFi focus provides it with wide open horizons of monetization. The gambling industry produced more than $500 billion in revenue in 2023, and this top altcoin has a revolutionary tokenomics formula for turning this enormous potential into massive value growth for RBLK.
This revolutionary tokenomics starts by redirecting its own casino’s revenue into a program of weekly buybacks of RBLK from the open market. Rollblock uses up to 30% of each week’s revenue to fund this buyback operation.
Rollblock burns the initial 60% of the tokens that it buys back from the market. It then distributes the rest of the tokens throughout the week as rewards for holders who support the platform through staking.
This approach to tokenomics is expected to lead to rapid player growth through the benefits of a gambling token that makes money even when it is idle. The most recent estimates have RBLK pegged for 100x growth from $0.041 when its tokens go live.
Rollblock has already blazed through eight of twelve crypto presale stages thanks to the enormous success of its casino platform of 7,000 provably fair games. Now its tokens are set to go live in early 2025 at its current rate of sales.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
