Introduction
WINR Protocol has its roots in an ideal world, where players are rewarded for spending their time playing games. WINR is not just a simple digital currency; rather, it’s a revolutionary step that merges the gaming world with the crypto realm.
Overview
Winner Protocol is a decentralized gaming platform that aims to provide a fair, transparent, and secure environment for on-chain games. Winner Protocol leverages a novel liquidity and incentive infrastructure called the WINR Liquidity Pool (WLP), which acts as a counterparty asset vault for the games hosted on the platform.
The WLP is a pool of assets that are used to fund the payouts and rewards for the players of the games. The WLP is composed of an index of ERC20 tokens, such as USDC, DAI, ETH, and WINR, the native token of the platform. The WLP token (WLP) represents the share of the pool and can be used as collateral or for farming strategies.
The WLP token has a deflationary mechanism, as a portion of the tokens lost by the players are added to the pool, increasing its value over time. The WLP token also has a governance function, as the holders can vote on the parameters of the pool, such as the composition, the fees, and the incentives.
The games hosted on Winner Protocol are designed to be provably fair, transparent, and secure, using smart contracts and verifiable randomness. The games can range from casinos, sports betting, loot boxes, and more. The developers of the games can propose their projects to the WINR DAO, the decentralized autonomous organization that oversees the platform, and receive a commission from the incentives generated by their players.
Winner Protocol aims to create a vibrant and diverse gaming ecosystem that benefits both the players and the developers, while also offering a sustainable and scalable solution for on-chain gaming. Winner Protocol is powered by the WINR token, which is used for governance, staking, rewards, and fees. The WINR token has a fixed supply of 1 billion tokens, and is distributed through various methods, such as airdrops, liquidity mining, game mining, and token sales.
Winner Protocol is a project that combines the best of decentralized finance (DeFi) and gaming, creating a unique and innovative platform for the future of on-chain gaming.
Background
Winr Coin is a cryptocurrency that was created to provide a decentralized and secure platform for online gaming and esports. It aims to revolutionize the gaming industry by offering a transparent and fair ecosystem for gamers, developers, and investors.
The coin was launched in 2021 and is built on the Ethereum blockchain, utilizing smart contracts to ensure trust and reliability. It allows users to participate in various gaming activities, such as betting, tournaments, and virtual item trading, while also providing a platform for developers to create and monetize their games.
Winr Coin aims to solve the problem of fraud and cheating in online gaming by implementing a robust anti-cheat system. This ensures a fair and secure environment for all participants, enhancing the overall gaming experience.
Tokenomics
The WLP ERC20 token is the underlying asset in the WINR Liquidity Pool. WLP is a liquid token that can be used as collateral, as well as for farming purposes. WLP is designed to increase in value as players lose tokens in the Winr ecosystem. Users can buy or sell WLP tokens using the Winr smart contract address for fees ranging from 0.15% to 0.75%.
Also, there are the WINR and vWINR tokens. WINR token is the native token and initial incentive of the WINR Protocol. Winr protocol releases a portion of the WINR token as a reward but in the form of vWINR (vested WINR). Holders of WINR and vWINR can earn WLP tokens by staking their assets using the Bribes mechanism. vWINR is convertible to WINR by vesting it for at least 180 days.
For every entry transaction, such as a bet, into the Winr ecosystem, a vWINR token is minted. Users who stake their WINR and vWINR tokens are rewarded with WLP tokens and staking vWINR tokens is more profitable than staking WINR tokens.
Use cases
The WINR Protocol caters to a wide range of gaming and betting platforms, including metaverse casinos, sports betting, and on-chain game betting mechanisms. Its infrastructure also supports rewarding mechanisms like purchasable loot boxes within games.
How to Store WINR
If security and complete control over your crypto assets are your top priorities, you may wish to buy and store WINR Protocol (WINR) using a non-custodial wallet, such as KuCoin Wallet or MetaMask.
The leading Web3 crypto wallets allow you to buy or swap thousands of cryptocurrencies easily.
Where to Buy WINR
The top cryptocurrency exchanges for trading in WINR Protocol stock are currently Poloniex, Camelot v3, OpenOcean, Trader Joe v2.1 (Arbitrum), and Camelot.
Market Statistics
Market Cap: $9.68M
Circulating Supply: 90M WINR
Supply Cap: 1B WINR
All-time High: $0.1463 -26.52% December 28, 2023
All-time Low: $0.01222 +779.66% July 20, 2023
Features and Functionality
One of the key features of Winr Coin is its Play to Earn mechanism, which enables gamers to earn rewards and income by playing games and participating in the ecosystem. This provides an opportunity for gamers to monetize their skills and time spent on gaming.
Advantages
– Autonomous and decentralized reserves with no ownership, preventing the house from using your funds for malicious activities.
– On-chain incentives to drive volume, rewarding players a portion of your revenues.
– Mathematically protected edge for your liquidity.
Risks and Challenges
Investing in the WLP token involves certain risks. Continuous player wins can deplete the pool’s assets, temporarily lowering WLP’s value. The volatile nature of the assets in USD terms and inherent smart contract risks are other factors to consider, the latter detailed in the Audit section.
Conclusion
The WINR Protocol is a blockchain based platform that allows developers to build fast and secure on-chain games of chance using the WINR SDK. With the help of this platform, developers can focus on creating exciting and engaging games while the WINR Protocol takes care of the rest.
One of the key features of the WINR Protocol is its deep multi-asset liquidity pool, which enables developers to plug their games into it and incentivize themselves and their players. This not only makes it easier for developers to build new games, but also creates a level of trust and security for players, who can be assured that their funds are safe and secure.
Sources
https://winr.games/
https://coinstats.app/coins/winr-protocol/
https://www.coinlore.com/coin/winr-protocol/exchanges
https://cryptorank.io/price/winr-protocol
