Moon Roll Web3 Casino on Solana $MRC
Article review on @moonroll
and why I think it is one of the easiest bets in the market right now
— Project overview
— $MRC / Lottery
— Market cap analysis
— Comparison with existing projects
let’s deep dive into each section
Overview:
— Operational, decentralized, licensed casino on $SOL
— 5,000 plus active monthly users
— 3m plus revenue MONTHLY
— Unlike many other web3 casinos, they aren’t white labeled meaning they coded the entire website in house instead of copy pasting a template
— $MRC is the native token of the casino
— It is fully diluted and circulating meaning there is no inflation. In fact, it is a deflationary token
— You can stake $MRC to lottery which runs every 16 hours and 20% of the casinos profits are distributed to the stakers
— Stakers pay 0.2% staking fee which are burnt
— Currently ~15% of the total supply has been burnt
Market Cap Analysis
— I will compare $MRC mainly with Rollbit and Solcasino as both are GambleFi projects and offer a type of rev share and NFT collection
— Obviously Rollbit is quite a head of Moon Roll however Rollbit is at 250m mc while Moon Roll is at 1m mc
— Is the difference 1:250? I don’t think so.
Let’s compare it with Solcasino as both projects are on Solana
— SCS does not have 100% of their supply in circulation
— SCS is a deflationary coin with no burn mechanism
— SCS is a white labeled casino
— In terms of user base and product (casino) there isn’t all that much difference between the two
— But SCS mc is 87x higher than MRC. I am pretty sure in terms of fundamentals there is NOT 1:87 difference betwen the two
Why I think $MRC is heavily undervalued here:
— Rollbit has 4.2m monthly revenue, Moonroll has 3mil
— RLB mc to MRC mc ratio is 1:250
— We don’t know SCS revenue but im pretty sure it isn’t more than Rollbit and in fact, I don’t think it is more than MRC
— SCS mc to MRC mc ratio is 1:87
Why $MRC mc isn’t reflected of its revenue?
— They haven’t started buying tokens on open market though they will start it in the next week or so
— They haven’t gone full out on marketing yet, though they will once the NFT collection is minted in the next week or so My targets for $MRC when GambleFi sector is pretty high.
I really think this is an easy 100x play given all the reasons listed above The NFT mint will result in 20% of the revenue to be used for buy backs, 5% of the revenue to be used to add LP, mint funds will help with marketing and dev
