Why Whales are Crucial to Blockchain-Powered Gambling Apps

News / 01.03.2020

Cryptocurrency whales are critical to the survival of blockchain-powered gambling apps, according to recent reports. 

DappRadar pointed out that 80% of the value flowing through several decentralized gambling apps on the Ethereum, EOS and Tron networks comes from people with high net-worth.

Benefits of  Whales to Blockchain-Powered Gambling Apps

Whales exhibit outstanding sensitivity to nascent features on blockchain gambling apps and do not hesitate to leave one another when the likely returns change. 

The report noted that without regard to active contact among the whales, there is a likelihood of them acting in unity whenever there are changes in a DApp or consider the best opportunities when a new DApp launches.

When using decentralised apps, gambling applications are the most renowned, with over 900 new apps developed for gambling and other high-risk apps, coming up last year. As per DappRadar’s recommendations, platforms aim towards attracting and retaining high net-worth individuals for a greater chance of success in the long run.

Born in Bucharest, Marius is the founder of Crypto Adventure. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.