The Wall Street Memes community is currently buzzing with excitement following a recent major burn event that resulted in 5% of the $WSM token supply being incinerated. To add to the celebrations, WSM Casino has revealed plans for a massive $1 million $WSM airdrop. This announcement has generated a lot of interest and participation from the community members who are eager to claim their share of the airdrop pool.
Season One of the WSM Casino airdrop is scheduled to kick off on March 8, providing a two-month window for individuals to participate. The Wall Street Memes team has promised that more details regarding the airdrop will be released in the upcoming week. This airdrop announcement comes shortly after a significant burn event where 100% of the Net Gaming Revenue (NGR) generated by WSM Casino between October 2023 and January 2024 was burned.
The NGR burn event aimed to introduce deflation into the $WSM tokenomics by eliminating 100,000,000 $WSM tokens, which accounted for 5% of the total supply. This burn event signifies the beginning of monthly burns for NGR on WSM Casino, as developers strive to give back to loyal $WSM holders. The progress of the burn event can be monitored through the WSM Web3 Dashboard, allowing users to track the impact on the token price.
Following the $WSM burn event, the market responded with enthusiasm, sparking anticipation for the deflation mechanism and resulting in a significant uptick in price. Wall Street Memes is currently trading at $0.012, reflecting a 24-hour gain of +2.18%. The price action remains bullish, supported by strong trading volumes and a positive MACD reading. In comparison to other meme coins like Dogecoin, $WSM has demonstrated remarkable growth and outperformed its competitors in the past week.
With the upcoming $1 million airdrop campaign announced by WSM Casino, the rally in $WSM is expected to continue as more participants engage with the platform. Additionally, WSM Casino offers a lucrative referral program where users can earn a 25% share of the Net Gaming Revenue generated by players they refer to the platform. This offer, combined with a 200% bonus on first $WSM deposits, makes WSM Casino a compelling choice for online gambling enthusiasts.
To stay updated with the latest news and developments from Wall Street Memes, community members are encouraged to connect with WSM Casino on various social media platforms such as Twitter, Discord, Telegram, Instagram, and TikTok. These channels provide a space for interaction, engagement, and sharing of project updates. Additionally, participants are reminded to gamble responsibly and adhere to the rules and regulations set forth in their respective countries.
The recent burn event and the announcement of a $1 million airdrop have created a wave of excitement within the Wall Street Memes community. With ongoing developments and initiatives like the NGR burn and referral program, WSM Casino is poised to attract more users and drive further growth in the coming months. As the ecosystem continues to evolve, it will be interesting to see how these initiatives impact the overall value and utility of the $WSM token.