Hello, We had an AMA with binance on January 20, 2000. For those of you who are late to follow or watch, you can read the following AMA recap.
Segments:
- Introduction
- Twitter Questions
- Live Questions
CRYPTOFUN:
Welcome to CryptoFun @LuciaWongWINk
Lucia Wong:
Hello all.
CRYPTOFUN:
We are glad to have joined hands in a strategic partnership. Today I hope you can share with us more information about WINk in the CryptoFun Group.
Lucia Wong:
Thanks.
I'm very excited to meet you here and share with you more information about WINk.
CRYPTOFUN:
Thank you for that Lucia, let's start with the first question.
SESSION 1: INTRODUCTION
CRYPTOFUN:
1. Some users may not be familiar with WINk, can you give them a brief introduction first?
Lucia Wong:
OK. I will explain exactly how WINk works and what you can do on our platform.
WINk, the King of Staking, aims to build on its market position as the leading blockchain gaming platform through the consistent introduction of high-quality decentralized applications (DApps).
The Player always WINs at WINk.
WINk has revolutionized the relationship with its customers and through its revenue-sharing model has turned players from cash cows into cash partners. By participating on the platform, players earn a stake in the casino and receive daily drops in multiple currencies. The ultimate WIN-WIN business model and its taking the world by storm. By playing on WINk, you will become one of the "shareholders" in this World Leading blockchain gaming platform.
CRYPTOFUN:
2. Could you share with us your profit-sharing business model?
Lucia Wong:
OK. For those new to blockchain, the decentralized revenue sharing model can appear confusing but it has the potential to transform not only online gambling but potentially all industries.
The easiest way to explain it is to consider a traditional site such as Betfair which has separate loyalty schemes for each of its platforms. You earn points based on how much you spend which either earns you discounts on commission or cashback. Where WINk differs is that playing on each section of the site earns you tokens which in turn earn you a daily share of the platform's future revenue. Every day, without fail, forever.
The more you play the more tokens you earn. Even a losing session on WINk results in the player walking away owning a small part of the platform. Nobody likes losing at a Casino but with this model, even after a loss, there’s the comfort that you’ll start to earn this back the very next day. WINk shares a whopping 65% of its daily revenue with its token holders. This is a phenomenal percentage compared to the negligible amount that most online casinos spend on bonuses and cashback with the ultimate aim of taking it back again from the player.
Every day at the same time the daily profits are shared with the token holders and arrive in their wallet. Players receive daily dividends in three separate currencies; TRX, BTT and, USDT and can then choose to spend, invest or gamble their daily earnings however they see fit. For many WINk players and token holders the first thing they’ll do after waking up is to check their daily dividend. Players effectively become the house owning their own slice of an online casino.
Until recently this wouldn't have even been possible. The costs of managing such a scheme would have been so prohibitive both cost wise and from an administrative point of view that it would have been impossible to implement. Through the invention of the blockchain and smart contracts, this can now happen automatically at negligible cost.
CRYPTOFUN:
3. Can you tell us more about the drops and earnings?
Lucia Wong:
WINk has four tokens. WIN the main flagship token and the three sub tokens; DIce, Live, and Rake. WINk is made up of three separate DApps. Dice, consisting of onchain games of chance. Permissionless and provably fair that anyone with a Tron wallet can play. Live, the casino section with slots, table games and sports betting that requires some registration to play, and Rake the online poker platform. Each section has its own token which you mine through play and each section has its own drop pool so you can see in full transparency how much the DApp has made so far that day. At a set time every day, the pool pays out to token holders with the lion's share going to the sub token holders and a percentage feeding into the overall WIN Pool.
WINk’s flagship token WIN cannot be mined, it can only be purchased on exchanges. It was the first gaming IEO to launch on the notoriously selective Binance Launchpad.
From July of 2019 to now, WINk distributed about 3.78 billion TRX in drops to the WIN/DICE/LIVE/RAKE holders in total, here is
the specific data:
Total Drops $TRX
WIN 1,018,171,534.76
DICE 1,219,829,152.61
LIVE 1,392,691,389.00
RAKE 148,711,109.00
At a mining cost of 3 TRX per DICE, the APR based on the 4 worst performing months for Dicedrops is 49% in the last 12 months. The APR is 24% for Livedrops in the last 15 months based on the 4 worst performing months at a mining cost of 3 TRX per Live.
The Dice token has a total supply of 1,000,000,000 and it’s current circulating supply is 395 million. The total supply will never be increased and supply is only released into circulation through wagering. DICE holders share 51% of the Gross Gaming Revenue (GGR) of all games under the Dice section.
The maximum supply of the LIVE Token is capped at 999,999,999. The current circulating supply of LIVE is 334 million. LIVE holders share 49.47% of the GGR of all games under the Live section.
The DICE token is listed on the Polonidex exchange already, with a price between 1.5-2.3 TRX. The LIVE token has been listed on exchanges too. With the Poloniex wallet integrated on WINk, more cryptocurrencies will be used for wagering and we expect this to attract more players to the platform. We can, therefore, expect a greater ROI for WIN, DICE, and LIVE tokens.
There are also tools available to track drops such as antescan and winkscan
CRYPTOFUN:
4. Can you share more details about the variety of games on the Wink platform?
Lucia Wong:
WINk plans to be uniquely positioned in the online gambling industry. Sports betting, casinos, and poker account for over 80% of the market share of online gambling. WINk is developing products in all these markets and more.
Sportsbook
WINk’s sports betting platform is under the live section. Users can bet on over 37 different sporting disciplines, including virtual sports. We offer competitive odds and players can watch live streaming of many sporting activities.
Poker
WINk has a decentralized poker platform. Whenever you exit the poker tables your TRX balance is returned to your wallet. You only require your TRX wallet to play. It’s fun trying your poker skills against other players on WINk poker.
Live Casino
Players can enjoy live casino games such as Blackjack, Baccarat, Roulette, Sic-Bo, and many more. There are also a variety of innovative games on offer from Evolution Gaming such as Monopoly Live, Crazy Times, Deal or No Deal, and a host of other exciting game shows.
Slots & Table Games
Under the Live section, players can choose from a wide selection of slot games from over 10 providers including Netent, Microgaming, Kalamba, and Platipus. Other table games available include Poker, Andar Bahar, and Sic-Bo.
E-gaming Section
This is the fully decentralized section of WINk games. Players can choose between Dice, Moon, Ring, and Mine games. Being fully decentralized means users have custody of their tokens and winnings are paid into their wallets instantaneously. WINk pays the energy fees for players since all gameplay uses smart contract transactions.
CRYPTOFUN:
5. Could you introduce WINK’s Social System for games and the VIP service?
Lucia Wong:
Yes, we understand the importance of social components in gaming, we have an account creation system, onsite player chat function, player rankings, incentivized leaderboards, and more. Our goal is to foster a sense of community where users can come together to share ideas about gaming, crypto, or whatever else they wish to discuss. We will begin introducing further upgrades to develop platform growth, such as exclusive privileges based on player levels — including but not limited to, a point system in which points can be exchanged for various prizes such as increased mining bonuses and free bets.
We also have a VIP chat room based on the player rankings and the token amount held. We have dedicated support in the group to channel their feedback, suggestions, and address problems. We will discuss with the VIP users on project decisions and inform them of key information ahead of time. They will also be invited to test new games early.
CRYPTOFUN:
6. Can you explain the advantages of the WINk platform?
Lucia Wong:
OK, in contrast with more centralized gaming platforms, the TRON-based platform WINk provides a unique and compelling user experience:
(1) Auditable smart contracts: as the back-end of the games are deployed in a publicly viewable smart contract, smart contracts can be audited. This provides much greater transparency than traditional online casinos.
(2) Self-custody: most games allow users to maintain complete custody of their funds.
(3) Token rewards: users will receive cryptographic tokens and other rewards for playing.
The “mine” model on WINk will also allow more users to participate in the WINK project, purely by choosing WINk for their gameplay. Due to this model, the benefits of the WINK platform are shared with everyone. Whether your tokens are WIN tokens that are purchased on an exchange or DICE LIVE and RAKE tokens obtained by playing.
CRYPTOFUN:
7. What benefits will this partnership bring to WINk and CryptoFun?
Lucia Wong:
The partnership with CryptoFun is an exciting move for WINk to expand its strategic landscape. CryptoFun can help increase the popularity of WINk. CryptoFun users will be able to enjoy the blockchain-based entertainment provided by WINk.
CRYPTOFUN:
8. Can you introduce WINk's next strategic plan?
Lucia Wong:
WINk will open its doors as a DApp ecosystem store in Q4 of 2020, allowing specially selected DApps to bring high-quality gaming additions to WINk. The aim of this of course is to bring in more players from different types of DApps and not just limit ourselves to the gambling sector.
WINk will be cooperating with first-tier digital asset exchanges, to introduce WIN staking to their platforms as well.
The WINk platform will begin introducing further upgrades to develop the platform's growth, such as exclusive privileges based on player levels - including but not limited to, a point system in which points can be exchanged for various prizes such as increased mining bonuses and free bets. We know loyalty is important and we are aware that WINk needs to be more in line with the industry by giving more incentives to the players and that is what we intend to do.
Please visit our website to experience the best games. While playing the games with TRX, you may win a big bonus. Whether you win or lose, you will get DICE/LIVE/RAKE sub-tokens. While freezing the sub-tokens, you can get daily passive drops based on the revenue of the WINk platform. Furthermore, you can also sell sub-tokens too. The Dice token and Live token have been listed and we will cooperate with more exchanges.
We welcome you to experience the great games on tron.wink.org!
CRYPTOFUN:
Okay, the first segment is over, thanks for explaining about WINK and I think the community can't wait for more information about it in the second segment second 👏👏👏
And we'll move on to the second segment. In this second segment we will send you some pre-selected questions from Twitter
SESSION 2: QUESTION FROM TWITTER
Question 1 From : @Jhontrythis
Hallo wink project
I want To ASK Security issues are currently a headache for both investors and projects. So how will personal information and investors' assets be protected by #WinK ?? If there is hacked hacker #WinK will handle how?
Lucia Wong:
As I said above, the TRON-based platform WINk has Auditable smart contracts: as the back-end of the games are deployed in a publicly viewable smart contract, smart contracts can be audited. This provides much greater transparency than traditional online casinos. And it can provide Self-custody: most games allow users to maintain complete custody of their funds.
We are also happy to announce that WINk is in the list of digital assets that Coinbase Custody is exploring. It means WINk is recognized as having significant value by Coinbase, which can ensure the WINk user’s asset is safe.
Question 2 From : @Banatsa92
What are your plans towards this shortfall of interest on E- gambling because reschedules on games? What do we expect from WINk that will make it stand out from other gaming platforms?
Lucia Wong:
As we all know, in the blockchain era, ROI is very important, but what is more important is security and long term growth. WINk aims to be around even after a century, and with the support of the Tron Foundation and Binance, there is no doubt that we can do this for a long time and safely. This is something that many of our smaller competitors don't have. We have already achieved two licenses in terms of compliance and we are on the way to acquiring our third. Most importantly, we are always innovating. Meanwhile we have recently been preparing a new project that we’ll be sharing with you soon, which will benefit all WIN holders.
Question 3 From : @fak_s_shochan
Why did you choose Tron Network for WIN? How profitable is this and why didn't you choose ETH? Also, do you plan on developing your mainnet or will you stay with Tron?
Lucia Wong:
As we know, the TRON protocol has managed to meet expectations by becoming one of the largest blockchain-based operating systems in the world. We intend to leverage TRON’s ambition to establish “a truly decentralized Internet” to become the premier blockchain gaming platform across all chains. From our perspective, these 3 points attract us most:
● Scalability
WINk will utilize the TRON network capacity to provide instantaneous gameplay and reliable service no matter how big the platform grows. WINk has also developed its own scaling solutions that have been implemented into games such as online casino slots and our own blockchain poker section. These optimizations have pushed WINk’s gameplay to the forefront of industry standards and the team remains committed to improving the platform’s decentralization and usability.
● Free Transactions
WINk always puts the user experience first, that means free transaction costs are a necessity. For games that run directly on the TRON blockchain, users receive bountiful supplies of energy and bandwidth for staking a small amount of TRX. The WINk platform will also help cover some of these costs by putting up its own energy and bandwidth for its user transactions.
Furthermore, WINk will be integrating its scaling solution with new games that run on the platform to eliminate transaction costs completely. Games like slots and poker currently run cost-free, with many more gaming options to be added in the future.
● Liquidity&Adoption
The WINk team will be working closely with TRON to leverage all the opportunities TRON’s rapidly growing ecosystem has to offer. TRON’s strong relationships with industry leaders, including the top exchanges, will facilitate the WINk platform and its native token WIN to widespread adoption. Going forward, TRON will continue adding utility to the network with WINk being one of the earliest adopters. The pool of users from Tron to WINk gives them new opportunities to utilize cryptocurrency and will convert them from blockchain enthusiasts to permanent members of the community. With such synergy between WINk’s product and TRON’s ecosystem, the possibilities are truly limitless.
With Tron 4.0, we can expect an even better performance, which in turn will better the development of Tron DApps and what the DApp space is capable of.
Question 4 From : @kiritoimpostor
Apparently, many blockchain projects are not solving any real problem, they just exist to sell their tokens. What problems exactly is WINk solving, and solutions are you provide?
Lucia Wong:
WINk aims to build on its market position as a leading blockchain gaming platform through the consistent introduction of high-quality decentralized applications (DApps). This will be accomplished by leveraging the WINk team's experience for game/ecosystem design and by enabling other development teams and users to guide the growth and direction of the platform through a unique governance mechanism.
● WINk is a gaming platform allowing users to play, socialize, and stake across multiple blockchain ecosystems. However, its primary blockchain ecosystem has been centered around the Tron blockchain.
● Through behavioral mining, an innovative token economy design, and other incentive mechanisms, WINk has built a full ecosystem dedicated to providing a quality gaming experience.
● It also enables developers to build decentralized applications (DApps) that drive adoption while engaging end-users to participate as active stakeholders in the WINk ecosystem.
● WIN tokens are TRC-20 tokens running on TRON. Within the WINk platform, WIN tokens are used to incentivize the participation of developers and users.
Question 5 From : @samrtbrain
AS The Most Efficient Blockchain for the Token ECONOMY, HOW ROBUST ARE $WINK TO HANDLE VOLUMES OF TRANSACTIONS AND DEAL WITH TOKEN ECONOMY NEEDS OF 21ST CENTURY ?
Lucia Wong:
It is more important how the team performs and the record of Wink speaks for itself. WINk has distributed 2.2 billion TRX dividends to the WINk/Dice/Live/Rake holders in total, and the accumulated transaction volume exceeded 100 billion TRX in the year 2019, which is equivalent to the total token supply of TRX.
WINk accounted for about 72% of 2019’s total Tron dapp value. The share rises to 85% of the TRON dapp ecosystem’s total value for the second half of 2019.
Besides the Team's performance, Wink has the backing of the Tron Foundation and industry leaders such as Binance.
WINk team will be working closely with TRON to leverage all the opportunities TRON’s rapidly growing ecosystem has to offer. TRON’s strong relationships with industry leaders, including the top exchanges, will facilitate the WINk platform and its native token WIN to widespread adoption. Going forward, TRON will continue adding utility to the network with WINk being one of the earliest adopters. The pool of users from Tron to WINk gives them new opportunities to utilize cryptocurrency and will convert them from blockchain enthusiasts to permanent members of the community. With such synergy between WINk’s product and TRON’s ecosystem, the possibilities are truly limitless.
CRYPTOFUN:
Second segment has been over, thanks for your answers we really hope WINK will be a great project in the futures 😉👍
SESSION 3: LIVE QUESTION
Who I'm:
Excuseme Mrs.Lucia
I know that for WINk type of actifities you need very highs regulated licenses, especially for bett. did WINk get them? If yes, where? ?
Lucia Wong:
In order to comply with gaming regulations WINk has undergone a rigorous compliance process and successfully achieved licences for both Curacao and Costa Rica. Neither licence is easy to get, applicants are required to undergo a diligent selection process to ensure they are responsible gaming operators. Only organisations with significant financial resources and technical capabilities are capable of passing the application.To date WINk is the only blockchain casino that's successfully secured the backing of two governments and holds two gaming licences in different territories, testament to both their capability and ambition. Despite this WINk is in the process of applying for further licences to expand its offering around the globe. The next focus is to secure licences targeting the lucrative regions of North America and Europe. When achieved these will have a significant impact on WINK's plans for global growth.
Demss🇮🇩:
Recently WINk established a strategic partnership with Poloniex. What benefits does this partnership bring to the WINk community?
Lucia Wong:
The integration will make WINk the first-ever blockchain-based entertainment platform to support over 100 digital assets, and direct millions of potential players to WINk, fast-tracking it’s already impressive growth.
Poloniex is one of the oldest digital asset exchanges and is widely popular with users for its technical strength and security. The partnership with WINk is an exciting move for the time-honored exchange to expand its strategic landscape. Fully leveraging the dual nature of digital assets, namely for transaction and usage, Poloniex also reaches out to the DApp field. Thus, Poloniex users will be able to enjoy the blockchain-based entertainment provided by WINk, along with a cutting edge trading experience.
ᶦᶰᵈ᭄✿ A-ZX || ẞєast࿐:
Your project looks good but it confuses me that there are so many other Blockchain project. What should I pay attention in Your project to give it the importance it deserves? What are your planning to achieve with your project?
Lucia Wong:
WINk has shown that blockchain technology can be used for wealth creation and redistribution. From the onset, we decided to do the things which will safeguard the longevity of our platform and ensure that we can continue to grow with our community and keep rewarding all our supporters.
WINk is legally compliant and we have already secured two gaming licences from both Curacao and Costa Rica. WINk is the only cryptocurrency casino in the World with two gaming licences and we are in the process of securing more. WINk also boasts strong partnerships with big players in the cryptocurrency industry such as the Tron Foundation, Binance and Poloniex.
Where most online platforms focus on only sports betting, casinos, or poker, WINk combines all these together with a truly decentralized platform for gameplay. We have a Binary Options Trading platform and we have plans to include regular blockchain games in the final quarter of this year. We are therefore in a special position for growth since we can attract people with a variety of different interests all under one roof. Besides all this, we have one of the best communities in crypto who keep supporting us and create a unique social experience for players and investors.
We welcome all aboard as we embark on this unique journey.
J Mags:
Holding a gaming platform/industry must be honest and clean to its users, how would Wink solve the fairness and transparency when it comes on betting/gaming?
Lucia Wong:
Wink always encourages players to play responsibly. We have in place betting limits. Some of the traditional ways of restricting play in centralized casinos do not work in the context of wink because of our decentralized gameplay. Nevertheless, we will be developing opt-in features to help people play responsibly.
kuluk and uhuk:
To be successful, community building is a must on any projects. So, how will WINK expand your impact and actract more users?
Lucia Wong:
WINk has a community which currently has over 100,000 engaged players. Our user base is made up of two main components.
● The 1st is DApp players
The community of DApp players will benefit as a whole as they join the platform on its odyssey towards becoming the world’s leading blockchain gaming platform. The more a user plays on WINk, the more incentives they receive to come back and play again, this is achieved by the earning of secondary tokens onsite, which are used to stake within the section they are earned from. By adding more DApps to WINk, Users will be able to show their loyalty to specific DApps on the platform and mine tokens bound to those individual DApps.
● The second is Win Holdlers
WIN token holders are the core of the WINk gaming platform. Every DApp hosted on the gaming platform will share a portion of their profits with WIN token holders using our innovative “WinDrop.” The WinDrop takes place once every 24 hours and incentivizes ecosystem participants with TRX, BTT and USDT. The amount of these currencies that are distributed to each user will be proportional to the amount of WIN amount they have and the amount of profits that have been accumulated during the previous 24 hours period to the ‘drop’.
Lucia Wong:
As users retain custody of their funds and developers can deploy transparent DApps, WINk's team core focus is on the user. Innovations, such as the exclusive WIN token and "play-to-mine" modes, attempt to ingratiate VIP users, creating a platform with a loyal and committed fanbase.
Thanks for your questions, hoping my answer can help you know WINk well.
CRYPTOFUN:
Ok i think you are on fire can we close this AMA session @LuciaWongWINk
Lucia Wong:
OK, thanks
I really do want to Thank you so much for this fantastic opportunity that I have had today, to share all of this information with you. I hope you have enjoyed learning about WINk and I would also like to take this opportunity to invite you to join us both on our social platforms and WINk web.
😊 See you next time.
More Info About WINK
Website : wink.org
Telegram group : wink telegram group
Channel : wink telegram channel
Twitter : wink twitter
