The Wall Street Memes community is buzzing with excitement following a recent burn event that saw 5% of the $WSM token supply destroyed. To add to the festivities, WSM Casino has announced a massive $1 million airdrop. This airdrop is a way to celebrate a significant milestone for the leading crypto casino, with $100 million wagered across the WSM Casino platform. Anyone who actively participates by placing wagers on the WSM Casino will have the chance to receive airdrop rewards. Don’t miss out on the opportunity to claim your share of the $1 million airdrop pool.
The Season One of the WSM Casino airdrop is set to kick off on March 8, signaling the beginning of a two-month window for participants to get involved. The Wall Street Memes team has promised to provide more information in the coming week regarding how the airdrop will work. This announcement comes hot on the heels of a recent burn event that saw 100% of the Net Gaming Revenue (NGR) generated by WSM Casino between October 2023 and January 2024 obliterated.
The NGR burn event aimed to introduce deflation into the $WSM tokenomics, with 100,000,000 $WSM tokens (equivalent to 5% of the supply) being burned on February 29. This event marked the beginning of monthly burns for NGR on WSM Casino, as developers look to reward long-standing $WSM holders. The progress of the burn event can be tracked through the WSM Web3 Dashboard, offering insights into the impact of the burning process on the token.
Following the $WSM burn event, the market responded with excitement, anticipating the deflation mechanism to spark a significant upward movement. Wall Street Memes is currently trading at $0.012, representing a 24-hour gain of +2.18%. The price action for $WSM remains bullish, with strong support above the 20 DMA and notable trading volume increase of 15.28%. The MACD indicator sits at 0.000702, signaling a bullish breakout in progress.
In comparison to the leading meme coin, Dogecoin ($DOGE), $WSM has outperformed with a weekly gain of +65.6%. While Dogecoin has seen a price increase of +44% over the past week, $WSM’s burn event has propelled it to new heights. The hype surrounding the burn event, coupled with the announcement of the $1 million airdrop, is likely to sustain the rally for $WSM, especially as more participants engage with the platform.
In addition to the airdrop and burn event, WSM Casino offers a lucrative referral program, providing a 25% share of the Net Gaming Revenue generated by players referred to the platform. This referral offer, combined with a 200% bonus on first $WSM deposits, presents an enticing opportunity for participants to maximize their profits with WSM Casino. Join the WSM affiliates program and stay connected with the latest news through WSM Casino’s social media channels.
As the Wall Street Memes community continues to grow and evolve, opportunities like the airdrop and burn event present rewarding ways for participants to engage with the platform and capitalize on the momentum. Stay informed, stay engaged, and take advantage of the exciting developments unfolding within the Wall Street Memes ecosystem.
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