Research Summary
The report discusses the potential of $BB, a revenue-generating betting protocol. It highlights the protocol’s profitability, its position for an upcoming $AZUR airdrop, and its plans for expansion in 2024. The report also compares $BB’s performance with its competitor, BXBT.
Key Takeaways
$BB’s Profitability
- Revenue Generation: The report emphasizes that $BB is a profitable protocol, generating revenue regardless of the outcome of bets. It has a 50% APY and has generated over 3M in betting volume.
- Competitive Advantage: Compared to its competitor, BXBT, $BB is undervalued and generates more volume. BXBT is valued at $5 million, while $BB is valued at $1 million. However, $BB generates $2.5 million in betting volume compared to BXBT’s $700k.
$BB’s Position for $AZUR Airdrop
- Strategic Positioning: $BB is well-positioned for the upcoming $AZUR airdrop. Azuro, the protocol behind $AZUR, has raised $7.5 million from notable Crypto VCs and has a weekly betting volume of $1 to 2 million.
- Benefit to Users: Users can automatically farm for $AZUR airdrops with zero risk, which could potentially increase the value of holding $BB.
$BB’s Expansion Plans
- Future Developments: The report mentions that $BB has plans for expansion in 2024, which include extending to more chains, introducing casino games, and launching a mobile dapp. This could potentially increase the protocol’s reach and profitability.
$BB’s Affiliation with Azuro
- Official Affiliation: $BB has an official affiliation with Azuro, which could potentially increase its credibility and attract more users.
Actionable Insights
- Monitor $BB’s Performance: Given its profitability and competitive advantage, it could be beneficial to keep an eye on $BB’s performance and developments.
- Research the Potential of $AZUR Airdrop: With $BB’s strategic positioning for the $AZUR airdrop, it could be worth researching the potential benefits of this event.
- Consider the Impact of Expansion Plans: $BB’s plans for expansion in 2024 could significantly impact its reach and profitability. It could be beneficial to consider these plans when evaluating $BB.
