• Wall Street Memes Implements Deflationary Mechanism for $WSM Tokens: 100M Tokens being Burnt
•  Wall Street Memes burns 100% of casino revenue to reduce token supply and boost price ($WSM).

In a strategic move aimed at reshaping the dynamics of its native token, Wall Street Memes (WSM) has initiated a burn mechanism for its $WSM tokens. 

This development marks a departure from the initial plan of a 10% buyback of Net Gaming Revenue (NGR) and instead focuses on burning 100% of $WSM NGR generated by its flagship product, WSM Casino.

The decision to implement the burn mechanism arrives after increased scrutiny and evolving trends within the cryptocurrency market. By reducing the circulating supply of $WSM tokens, the burn mechanism aims to create a deflationary effect, aiming to positively impact the token’s value over time through added scarcity.

Scheduled to commence on 29th February, the first burn event will target NGR generated between October 2023 and January 2024. This equates to approximately 5% of the total supply of $WSM tokens. The burn events are expected to recur monthly, contributing to the overall tokenomics of $WSM and providing transparency to token holders.

The burn mechanism represents a strategic shift in WSM’s approach to token economics, with a newfound focus on enhancing the long-term sustainability and value proposition of $WSM tokens. 

By aligning with the deflationary trend observed in various cryptocurrency projects, WSM aims to strengthen investor confidence and foster stability within its ecosystem.

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Despite recent challenges faced by ERC-20 meme coins, including increased congestion and higher fees on the Ethereum network, $WSM has demonstrated resilience in its performance. While other meme coins have experienced retracement moves, $WSM has maintained relative strength, even outperforming Solana-based competitors such as $BONK.

Technical analysis of the $WSM price suggests a bullish outlook, with indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) signalling positive momentum. The upcoming 5% burn event on 29th February is anticipated to serve as a catalyst for further price appreciation, potentially fueling another major uptrend for $WSM.

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In January 2024, WSM announced its transition to the Binance Smart Chain, leveraging the network’s enhanced security features. This migration facilitated faster and more cost-effective transactions.

To stay informed about the latest developments in the Wall Street Memes project, community members are encouraged to follow WSM on social media platforms such as X (Twitter), Discord, Telegram, Instagram and TikTok. 

WSM Casino has a library of over 5,000 games. Unlike many online casinos, WSM Casino allows players to bet and win using a wide range of cryptocurrencies, including Bitcoin, Dogecoin, Cardano, Solana, Ethereum, XRP, and Tether. 

The crypto casino has also teamed up with reputable gaming providers including Evolution, Hacksaw Gaming and NetEnt. 

For new players who join WSM Casino, they can receive a 200% welcome bonus of up to $25,000 plus 200 free spins.

• TGCasino Taps into $155 Billion Global Sports Betting Market: Bringing GambleFi Sports Betting to Africa
• Africa enters $155bn sports betting with TGCasino: GambleFi bets on Telegram.

As the global sports betting market gears up to hit an impressive valuation of $155.4 billion in 2024, Africa braces itself for a transformative leap into the world of decentralised finance (DeFi) gambling. Spearheading this revolutionary shift is TGCasino, set to introduce GambleFi sports betting to the African continent.

Global Sports Betting Market on the Rise

The sports betting sector within the gambling industry has been experiencing exponential growth, with projections indicating a surge from $104 billion in 2017 to a staggering $155.4 billion in 2024. Factors such as the digital revolution and the increasing popularity of virtual sports betting are fueling this growth, positioning sports betting as a dominant force within the global gambling landscape.

TGCasino: Pioneering DeFi Sports Betting in Africa

In Africa, where sports betting has witnessed a meteoric rise in popularity, TGCasino emerges as a game-changer. Leveraging the power of blockchain technology and decentralised finance, TGCasino introduces the concept of GambleFi, offering users a secure, transparent and decentralised betting experience accessible via Telegram.

Regulatory Environment and Technological Advancements

Across 16 African countries, governments have legalised and regulated the sports betting industry, fostering a safe and conducive environment for enthusiasts. Technological advancements, particularly in internet accessibility and smartphone penetration, have further propelled the growth of online sports betting in Africa, setting the stage for TGCasino’s groundbreaking entry into the market.

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Transforming Sports Betting with TGCasino

At TG Casino, users gain access to a diverse range of gaming options, including a plethora of casino games and live sports betting on over 30 sports markets worldwide – including popular leagues and events such as NFL, NHL, MLB, NBA, soccer, golf, tennis, rugby, NASCAR, UFC, cricket, esports and even the African Cup of Nations (AFCON).

With competitive odds, prop bets, parlays and live in-game betting, TGCasino offers a comprehensive betting experience tailored to meet the demands of enthusiasts.

Incentives and Offers

New users are welcomed with a generous 200% deposit match bonus and 50 free spins. TGCasino operates on the Telegram app, giving users access to the casino from the comfort of their mobile phones. It accepts 11 major cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Litecoin, Tether, Binance Coin, Tron, Ripple, Cardano, Solana and USD Coin.

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Backed by a digital casino license and regulation in Curacao, TGCasino prioritises compliance with legal and regulatory standards, ensuring a safe and regulated betting environment for users. 

Additionally, the platform offers various rewards and incentives, including community competitions, VIP programs and exclusive custom games.

Bet on TGCasino Today and Join the GambleFi Revolution

For enthusiasts seeking to partake in the GambleFi revolution, betting on the TGCasino platform is the gateway to a world of exciting gaming opportunities and lucrative rewards. With TGCasino leading the charge, Africa embarks on a journey towards a future where decentralised sports betting reigns supreme. 

You can join TGCasino today to make your sports bets wherever you are in the world and get first-hand experience with GambleFi sports betting, to see how it compares with traditional sports betting.