Wagerr posts record $1.2m weekly betting volume

Wagerr has revealed it hit a record betting volume of $1.2m within the week closing April 16, the largest on record since the platform launched.

In terms of WGR – the native currency used by the blockchain gambling platform – the volume reached 10.5 million WGR.

The oracle payout reached 50.62 WGR and the annual rate reached 12.75% as a result. In the first 105 days this year, Wagerr burned 3.14 million WGR, or a 3.15% overall reduction of the coin supply.

According to the official data publicized by the platform, the 30 days up to April 16 saw as many as 1567 events receive 33,161,973 total bets. The bet value has reached $3,600,702 over the same period between January 1 and April 16.

The total supply for WGR currently sits at 215,751,001 and unstaked supply is at 148,126,001. Wagerr continues to shape up as a successful project, offering consumers opportunity to invest in the platform and obtain better yields.

Alternative betting platforms that prove a great option include Cloudbet, Sportsbet.io and FortuneJack.

Source

Updated: 04/19/2021 — 13:00