The following table shows the cost of investment and returns for holding 100K TAP in the year 2020 in terms of ICX and in USD. The data shows that even if the cost of acquiring TAP was 0.03ICX per TAP and ICX at 0.2$, The returns were 123% in USD Terms.


Betman

It has been a tremendous year for ICONbet and lot has happened in the past year. Here is the glimpse of all that has happened.

# ICONbet Community P-Rep was formed by the community members to support the ICONbet platform.

# Five new games have been added to the platform — DAOblackjack, DAOlottery, DOALevels, DAObacarrat and DAOcolors.

# Smoothing of the TAP distribution was started based on the community feedback.

# One Year Anniversary of the ICONbet platform was celebrated.

# UI was revamped and a landing page was added to the website.

# ICONbet platform was integrated with the myiconwallet app and the tipicon telegram bot for easier access.

# Our very own Betman came into existence.

# TAP token staking feature was added…


The below statistics have been compiled using the publicly available data and the data shared by the ICONbet community members.

If you had 1 Million TAP by Dec 31st, 2019, you would have made 12932 ICX in the following 12 Months.

Following would be your ROI based on your cost of acquiring TAP.

If cost of 1 Million TAP =12000 ICX.
ROI for the year would be =(12932/12000)*100 =107.76%

If cost of 1 Million TAP = 15000 ICX.
ROI for the year would be =(12932/15000)*100 =86.20%

If cost of 1 Million TAP = 20000 ICX. …


The below statistics have been compiled using the publicly available data and the data shared by the ICONbet community members.

Average mining rate is calculated based on just the excess, if the developer fee is to be considered the average mining rate would be up to 20% more.

If you had 1 Million TAP by Dec 31st, 2019, you would have made 10603 ICX in the following 9 Months.

Following would be your ROI based on your cost of acquiring TAP.

If cost of 1 Million TAP = 12000 ICX.
ROI for 9 Months would be =(10603/12000)*100 =88.35%

If cost of 1 Million TAP = 15000 ICX.
ROI for 9 Months would be =(10603/15000)*100 =70.68%

If cost of 1 Million TAP = 20000 ICX.
ROI for 9 Months would…


TAP Dividends Table

The above table shows the amount of ICX you would receive as dividends for holding 1 Million TAP based on the excess and the circulating supply of TAP.

Note: If you find this article to be helpful or if would like to see more articles on ICONbet related topics, please use the below address to donate.

ICX Address: hx1dcbf74146f0d27a17b02d1d13421dd4d839847c


The views expressed in this article are mine and it attempts to help the individual in determining the price that one would be willing to pay to buy/mine TAP tokens.

The value of the TAP token is based on, largely the dividends the ICONbet platform generates, the ongoing mining rate, the treasury amount although insignificant now but it still contributes certain value. And all these factors are interconnected.

As the TAP token available for mining is getting reduced by the day, the mining difficulty is expected to increase, if it increases to what extent it will increase depends on the…


The below statistics have been compiled using the publicly available data and the data shared by the ICONbet community member.

*Average mining rate is calculated based on just the excess, if the developer fee is to be considered the average mining rate would be up to 20% more.

If you had 1 Million TAP by Dec 31st, 2019, you would have made 8899 ICX in the following 7 Months.

Following would be your ROI based on your cost of acquiring TAP.

If cost of 1 Million TAP = 12000 ICX.
ROI for 7 Months would be =(8899/12000)*100 =74.15%

If cost of 1 Million TAP = 14000 ICX.
ROI for 7 Months would be =(8899/14000)*100 =63.56%

If cost of 1 Million TAP = 16000 ICX.
ROI for 7 Months would…


#TRUST: The most critical aspect of ICONbet is that all games result are calculated on chain and are verifiable. The code is available on the smart-contracts for verification.

#TRANSPARENCY: TAP token represents the ownership of the ICONbet platform. Number of TAP tokens are finite and 80% of the TAP token is made available for mining (No Airdrops, No ICO), rest 20% is held by the founders. 100% of the profits of ICONbet are distributed to the TAP holders everyday. Everything is on chain and completely transparent.

#GOVERNANCE: All the decisions on the working of ICONbet, Introduction of new games etc…


Every business needs to re-invest a part of its earnings in itself to grow. For IB the role of growing the business has been taken by the ICONbet Community P-Rep apart from the founding team, However the P-Rep rewards are not enough to concentrate on all the aspects of business (Development, Marketing/Promotions, Adding value to TAP/ICON, Node Costs, Bond etc), Hence I as a TAP holder, propose the following to help grow IB at a bit faster rate and build a robust IB platform to secure the future.

2% of whatever the games generate, which will be referred to as…


ICONbet is a DAO(decentralized autonomous organization) Casino DAPP running on the ICON network. The ICONbet native token is called TAP and there are a finite number of TAP tokens(625 Million) which represent the ownership of the ICONbet platform. All the Excess(Profit) the platform makes is distributed to the TAP holders.

Whopping 80% of the total TAP is made available for mining, Rest 20% is owned by the founding team. You can mine TAP by playing on the ICONbet platform. The more you play the more you mine. …

Heemadeep

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