Monster Byte Q4 Earnings Report
First off, in case you missed it, we’ve just released our Q4 report and financials. It’s been a very productive time for us at Monster Byte and we appreciate that it takes time for progress to take shape in the form of results, but we are pleased that even so early on, there’s something to show for our efforts.
To sum it up, we continued to made solid progress on the targets we’ve been setting for ourselves ever since our business expansion that kicked off with our successful ICO in mid-2017.
Here are some takeaways from the Q4 2017 report:
We came just shy of doubling our revenue over the previous quarter at $173,097. Our efforts are paying off, evidenced by positive metrics across the board: active player numbers, unique depositing players, total plays, and wager volumes.
Here are the metric highlights:
359% YoY and 175% QoQ increase in the the volume of deposits.
397% YoY increase in the number of active players that played in the Casino or Sportsbook — 137% YoY and 188% QoQ increase in the volume of play in the Provably Fair Casino.
162% YoY and 313% QoQ increase in the volume of play in the Sportsbook.
Other key accomplishments are listed below:
- The long overdue redesign of our provably fair casino games andsportsbook was completed: It’s a new look, new feel, same straightforward gameplay and provably fair low house edge on all our games: Baccarat, Roulette, Blackjack and Hi-Lo. We like the positive feedback we are getting and will continue to tweak features based on player responses.
- We saw a 20% income boost from Sportsbook play: While the start of sports season in North America normally sees an increase in plays, we hope that the revenue boost also reflects support for the major facelift it’s had, not to mention our new risk mechanism that offers the best odds in the industry (don’t take our word for it, try it!).
- We lowered minimum wagers: Bitcoin had something of a bull run in 2017 and we’ve accommodated the fiat mentality of many gamers, lowering bets to 0.1 mBTC (0.0001 BTC).We even made it easier to level up in our VIP program that gets you cashback on every wager you make, win or lose!
- We paid out over $60,000 in comps to players in Q4: We introduced many promotions for value-added experience for new and old players. Our monthly Blackjack leaderboards, NFL Survivor and regular comps are proving to be a hit, and there are many more lined up.
- Multi-Coin support: Our flagship BitcoinRush.io suite was rewritten and redesigned to now offer alternative currency support, beginning with ADK. More coins will be added over the coming months as we continue to explore Bitcoin alternatives to ensure crypto transactions will always remain fast, cheap and private — the way they are meant to be.
- Profits to be distributed for Q4 2017 is at $38,986.
Today, MBI tokens are worth just over 10 cents, but it’s worth noting that this is on the back of a major battering the entire crypto market has just had from the end of February. In other words, if this is the worst, then we’re still looking at a token that’s appreciated 100% in dollar value since its inception only half a year ago.
A token’s price shouldn’t reflect the entirety of its value, and we’re encouraged by the fact that many of our supporters are with us on the same positive notes that we’ve been gleaning from the hard figures and are confident that MBI will be a steadily appreciating asset, particularly with the dividends that holders will look forward to each quarter.
Many will acknowledge that Monster Byte was likely the very first in its line of business to be as transparent with its business and we expect many in our industry to take the cue. If this is going to be a trend, we’re glad to have helped start it.
If you are a MonsterByte token (MBI) holder, don’t forget that your share of Q4 dividends will soon be distributed. This distribution takes place on Tuesday, February 6th, 2018. For full details, check out the Q4 2017 report.
Don’t forget to bookmark our blog… we’re going to get talkative this year!
