Why I'm bullish on CatsLuck

2 74
Avatar for TheEmpress
2 years ago

Why I'm bullish for CLK token:

I'm normally not a big gambler nor keen to spend much on Lotteries and Casinos -- however, CatsLuck project has shown me how much fun it can be to get in a lottery mood.

I've played.

I've lost.

And I've won.

While at first I didn't really see the whole picture as I interacted with the site, researched the project and looked at it from a tokenomics stand point I became more and more bullish on CatsLuck.

Here's the many reasons why:

- Integrated with some strong project communities - such as Cats. CatsLuck is very collaborative; which allows already strong token projects to build pools to boost the overall SmartBCH community.

- Strong use case as many people love lotteries and playing games. Lotteries and gambling are multi million if not multi billion dollar industries. Decentralized lotteries are even more attractive; especially if these are done via algorithm which make them extra fair and transparent. Even those people that don't like to gamble will often try out their luck every now and then to see how they'd fare. After all, everyone loves to win a little!

- CatsLuck Project is supported by multiple large token holders, this keeps the prize pools large. Having the large investors on board helps boost the games, making them even more attractive. These pools have become big enough to get people's attention and keep the games going for a long time. This directly translates to an inherent boost to CatsLuck token's value as there are hundreds of thousands if not a million dollars of value locked into the prize pools.

- Several good token projects are represented in the Prize pools - Cats, Law, Eben, FlexUSD, BCH, Mist. These are tokens people want to win! In addition the prize pool tokens are effectively staked for the long term and out of circulation, thus really benefitting those projects and everyone who holds those tokens as well.

The Prize Pools on CatsLuck as of March 3, 2022.

- The games presented are fun to play, the betting is flexible to a players choice of odds. Winning occurs often enough to make it both fun and fair!

- Betting uses Cats and other tokens; thus giving Cats and those other tokens an additional strong use case. There's a lot of Cats and other tokens locked up in the prize pools and a huge trading volume occurs daily involving the relevant tokens because of the CatsLuck Project. Just like with Cats, this translates to consistent activity for CLK tokens; which ultimately benefits the whole SmartBCH ecosystem.

- Almost everyone has a few of these tokens (Cats, Eben, Law, etc) so this makes it even cooler as you can try out your luck with just a few tokens!

- Bet on Events - Though this is a new development this has the potential to seriously redefine betting and gaming. I say give it a few months and this will make a big impact.

- Upgrades to the platform - constantly. They're consistently developing for better things. Soon we will have permissionless creation of new pools; betting on the Cats Pool will be minting a new token and various other great changes are coming soon!

Current Cats Allocated for buying back CLK to burn them. (March 3, 2022)

- Playing the games burns CatsLuck tokens; this is bigger than it first appears. CLK is so far the only token project that did something similar to what I'm doing with Konra: Having a determined minting period before going fully deflationary. This from a tokenomics standpoint is something rarely done but one action that's highly bullish. Since the burnings occur from betting fees of people playing the games this is a steady occurrence. So while there may be over 8 Billion CatsLuck tokens in existence now; over time these will decrease as more and more of them get burned.

Look at all those CLK tokens being burned!

- CatsLuck Token is farmable on both BenSwap and MistSwap. This means while you're holding your CLK you can earn EBEN and MIST.

CatsLuck project has only been in existence for a few months so far but it's already becoming a strong project in SmartBCH.

Contract Address: 0x659F04F36e90143fCaC202D4BC36C699C078fC98

MarketCap: https://www.marketcap.cash/token/CLK

CLK Chart on MarketCap Cash

CatsLuck Website: https://catsluck.com/

You can buy CLK on BenSwap and MistSwap. There are farms on BenSwap and MistSwap for CatsLuck token too!

*Not financial advice, please DYOR.

5
$ 6.81
$ 6.56 from @TheRandomRewarder
$ 0.20 from @PVMihalache
$ 0.05 from @fantagira
Sponsors of TheEmpress
empty
empty
empty
Avatar for TheEmpress
2 years ago

Comments

Hey, I've been told that you created a token on smartbch, please I created one recently and I need some help with it. Can you tell me about how to add liquidity, and what addresses to use to send the token to others ?

$ 0.00
2 years ago

Nice perspective Empress. I hold a few of these and played couple times too. You are right - everyone likes to try their luck every now and again ;)

$ 0.00
2 years ago