WolfyStreetBets is a decentralized betting and prediction platform aiming to merge the previously distinctly separate worlds of centralized and decentralized finance. Their vision is to allow users to utilize prediction pools including stocks vs crypto and CeFi vs DeFi, which opens the door to countless interesting potential pairings.
The potential being that traditional stock investors will be attracted by the option of being able to interact with the crypto market through their knowledge of stocks and vice versa for crypto traders not familiar with traditional stocks and shares. This potential market is huge, and one that is currently untapped.
The governance token of the project is Wolfy, a deflationary Eth token first launched in February which users need to hold to use the prediction platform. The token has a 3% tax on each transaction, 2% reflected back to holders, and 1% burnt.
The dApp will initially be launched on the Polygon network but development is already in progress for expansion into the Binance Smart Chain ecosystem in the near future as well, which will make the project one of very few currently that transitions all three major ecosystems simultaneously.
As their whitepaper points out, the CeFi prediction market is worth billions every year while the DeFi collective predictive market is worth around $500 million. Linking the two together and giving users the ability to unite the two is an innovation that gives Wolfy a unique utility, and many insiders are predicting that this will explode once the main net launch has been completed.
The dev and team are regularly in contact with the holders via the telegram group and their Medium page, and by all accounts do their best to remain transparent while readying the launch of the dApp
The team has also been working extensively with Halborn auditing to ensure that the platform is stable and bug-free, and has openly implemented numerous changes recommended by Halborn and delayed the project launch several times. Frustrating for long-term holders of the project but to a degree but reassuring that the team is focused on delivering a quality product.
A low number of initial holders and limited marketing have kept the token fairly under the radar compared to countless other projects that have come and gone since it was first launched. Given the utility of the coin the team and the loyal community of holders, the development team has seemingly not really focused heavily on marketing intensively while the platform has been in the development stages.
With the full release now imminent however the shift towards marketing and expansion will soon begin, and many industry insiders are expecting this currently little-known token to do huge things in the near future. A big marketing push and new investors attracted by the utility of the platform could well see the previous all-time high surpassed very quickly, and anyone who bought when the token launched back in February is already holding big profits.
Launch Date: 3rd February 2021
Holders: 879
Market Cap: $4,473,384
ATH: $0.020507
Price at time of writing: $0.004440
Website: wolfystreetbets.com
Twitter: twitter.com/WolfyStreetBets
