What is WINk, and Why is it Shutting Down?

Updated on 1 September, 2022 5:46 PM
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    WINk, previously known as TRONBet, is a blockchain-based gaming platform built on the TRON network. Its native token, WIN, is used to place bets and make transactions within the platform – one of the most important sources of demand for the coin.

    Before the current generation of P2E games gained popularity, there was the WINk online gambling platform, which allowed users to wager using the WIN token. Play-to-earn (p2e) games have become an increasingly popular way for consumers to get engaged in the cryptocurrency industry in the last year or so.

    What is WINk ?

    Wink, a well-known blockchain gaming platform, makes use of excellent decentralized apps. In essence, DApps on the blockchain network can be used to create games. It is based on TRON and gives developers useful tools.

    WINK has finished the transformation from a platform that is solely focused on gaming to a thorough oracle system that can connect actual information through its advanced devices.

    Origin of WINk

    Former Tencent employee N Yang, who acts as head of product, and former Baidu developer Jacky Li are the driving minds behind WINk. According to a reliable source, the system that enables users to play a variety of games and subsequently mine WINkLink tokens is controlled by nine employees.

    How did WINk gain popularity?

    Gaming immediately rose to the top of the most well-liked pastimes during the pandemic as people were compelled to stay at home owing to lockdowns. The exponential growth of the gaming industry throughout the world and the emergence of decentralised gaming powered by blockchain have demonstrated that gaming is here to stay. WINk is attempting to enter this sector that is expanding quickly. The need for decentralised platforms like WINk, which offers a variety of services like play-to-earn, pledging, and holding, is anticipated to increase the value of the Wink coin.

    What is WINkLink?

    The TRON blockchain-based WINkLink technology was created to make it simpler to utilise and construct smart contracts, which are programs that run automatically when specific criteria are satisfied.

    There are many additional applications for the smart contracts created utilising the system, some of which serve as the foundation for the casino games on WINk.

    The WINkLink network's native token and the inspiration behind WINk is WIN.

    Tokenomics of WIN Token

    The native currency of the platform, Wink coin (WIN), is a TRC20-based utility token that can be utilised to make purchases and play bets.

    WIN was set up in 2019, with an initial coin offering (ICO) raising $16m. It was a successor system to the TRONbet gaming decentralised application (dApp), which came out on the TRON network in 2018.

    Another thing to keep in mind with WIN is that, although it runs on TRON, it might be referred to as a dual-chain token. This is so that users who possess Binance's BNB currency can participate in WINk's games.

    Is WINk a good investment?

    The developers, participants, and investors of WINk hope that the project will be advantageous to all parties involved. While to achieve this, WIN holders are given governance rights, and gamers who also invested in the Wink virtual currency are given gaming discounts and other advantages.

    Wink coin is undoubtedly a cryptocurrency with great potential. The following few variables, however, may affect how much the cryptocurrency will cost in the future: more people using decentralised online gaming will always rise its value, and so will establishing collaborations with game developers.

    Demand for the token is anticipated to increase, pushing up the price of the Wink coin if the WINk project is successful in luring well-known developers who want to build new games on the Wink platform.

    Why is WINk Shutting Down?

    While WINk Casino is shutting down, WINkLink will continue it's operations. While the exact roadmap is yet to be made public, the team will now focus it's time and energy towards NFT Gaming

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