SolCasino — Leading Casino on Solana

Similar project to RLB in its early days

A deteailed article on @Solcasinoio which I believe to have a pretty good upside potential.

Let’s explore:

— What it is

— Bear NFTs

— $SCS token

— Potential

As a beta play of Rollbit, it could see exponential growth.

• SolCasino is a licensed online gambling casino + sportsbook
• It is quite similar to Rollbit in terms of having an NFT and a token, as well as website design, reward system, and daily races.
• The difference here is that they pay USDC for $SCS stakers.
• How do we get $SCS?
• you can either buy $SCS on orca or jupiter on $SOL
• or you can earn them by staking your BEAR NFTs
• your staked $SCS earn you USDC which comes from the casino profits but we will get on it later
• let’s explore Bears

• Bears have 2 utility;
• they give you rakeback bonus
• they earn you $SCS token, bears are the only way $SCS gets printed
• 5,000 Bears and only 38 are listed and floor price is at 69 $SOL right now
• depending on the rarity, a bear earns you the following

. $SCS token;

• currently emission rate is high but mostly for bear holders
• current circulating supply is about 20%, so the MC is 6.6m, FDV is 33.6m
• it will take 2 years for all coins to be in circulation and again mostly for bear holders
• now $SCS staking

@Solcasinoio shares 40% of its revenue with token holders thru staking

stake $SCS, earn USDC

though the APY has been falling quite fast because more and more $SCS being printed thru bears, if you keep staking your $SCS, the $ you earn is somewhat consistent

potential;

• low MC, its got room to run
• positive fly wheel effect with bears printing $SCS, staking $SCS to earn USDC and buying $SCS with USDC to stake more
• $SCS gambled on site and deposit withdrawal fees from staking pool are burnt
• good dev team and great community

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