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Bulbbuy

MEET BulbBet

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Executive Summary

BulbBet is an innovative mobile application that combines the excitement of cryptocurrency trading with the thrill of betting. The app allows users to place bets on the performance of popular "MEME" coins within the cryptocurrency ecosystem. By predicting which meme coin will have the highest percentage increase over a specific period (e.g., 24 hours or one week), users stand a chance to win substantial rewards. BulbBet capitalizes on the growing popularity of meme coins and the increasing trend of gamification in the financial industry.

Product Overview

BulbBet is a mobile app where users can bet on the future performance of meme coins. The app will feature matchups between different meme coins, such as PONKE vs. BONK. Users place bets on which coin they believe will have a higher percentage increase over a specified time frame (e.g., 24 hours or one week). The app will feature the 100 most popular meme coins, providing users with a wide range of options to choose from.

How It Works

  1. 1

    Betting Pool Formation

    Users place their bets in SOL or $BULB on their preferred coin in a matchup. For example, in a PONKE vs. BONK matchup, 60 users might bet 1 SOL on PONKE, and 40 users might bet 1 SOL on BONK, creating a 100 SOL pool.

  2. 2

    Outcome Determination

    After the specified time frame (e.g., 24 hours), the app determines which coin has experienced the highest percentage increase.

  3. 3

    Winnings Distribution

    The total pool (100 SOL) is then divided among the users who correctly predicted the outcome, minus a 10% fee taken by BulbBet.

  4. 4

    Fee Allocation

    The 10% fee is split as follows: - 5% Token Buyback and Burn - 5% Community Bonus.

Revenue Model

BulbBet’s primary revenue stream comes from the 10% fee on each betting pool. This fee is split between token buybacks and the team’s revenue. As the user base grows and the volume of bets increases, BulbBet has the potential to generate significant revenue. Additionally, the buyback mechanism could drive demand for BULB tokens, creating further opportunities for growth.

Market Strategy

  1. 1

    Community Engagement

    Leverage social media and crypto communities to build a strong following. Engage influencers in the cryptocurrency and meme coin space to promote BulbBet.

  2. 2

    Referral Program

    Implement a referral program that incentivizes users to invite others to join the platform.

  3. 3

    Gamification and Rewards

    Introduce leaderboards, achievements, and other gamification elements to keep users engaged and encourage repeat usage.

  4. 4

    Partnerships

    Form strategic partnerships with meme coin projects and other players in the crypto ecosystem to expand the app’s reach.

*We're on public beta now. Join us on Telegram to get early access.

OPEN APP in TELEGRAM

[email protected]