🚨 Important Announcement: Addressing the Recent Issues with AIBET Price 🚨
Dear Users,
We’re aware of the recent challenges some users are facing after winning surebets, especially the need to sell tokens to fund their bookmaker accounts. This situation is affecting the token price and can offset the surebet profits you’ve worked hard to earn.
In this communication, we’ll address the main causes of the issue and outline the steps we’re taking to resolve it for everyone’s benefit, ensuring that your surebet winnings remain secure.
💡 What’s Causing the Problem?
1) Low Liquidity
The low liquidity on the DEX is heavily influencing the token price, both during sales and dips. Currently, a $1000 buy or sell can move the price by 10%, whether up or down. With only $12,000 of liquidity available, selling becomes disadvantageous, while buying could attract speculators aiming to profit from quick trades.
Solution: We’re increasing liquidity!
With $100,000 of liquidity, a $1000 transaction would move the price by less than 1%! This is one of the solutions we’ll start implementing in the coming days and will take a few weeks to fully implement.
The new BOT version 1.20 has already significantly improved the situation, with the number of surebets played exceeding our expectations and new users joining daily. This growth puts pressure on our system, which we’ll explain in point 2.
2) User Strategy and Experience
Many users prefer to keep reinvesting their profits to compound their earnings, playing with larger amounts after every surebet win.
However, the challenge is that if you win 5 surebets in a row on the Bot, you might run out of funds on the bookmaker. This forces users to sell some of their tokens to refill their bookmaker account, causing the token price to drop.
This isn’t a flaw in the system but rather a strategy that can limit your long-term gains.
Our Recommendation: Keep a buffer in your bookmaker account to support at least 10 consecutive bets.
Why 10? On average, you’ll win 7 matches on the Bot and 1 on the bookmaker. When you win on the bookmaker, the issue of selling tokens disappears—you’ll have profits in € or $ and can withdraw directly.
In this early phase, we ask for your cooperation in managing your capital effectively to sustain 10 consecutive bets. This will allow you to keep playing surebets without worrying about price fluctuations, which, as explained earlier, are sensitive due to low liquidity.
3) Withdrawals
Withdrawals are ALWAYS possible. The current limitation is that you cannot choose the specific amount to withdraw, which we will fix in the upcoming V1.25 update.
Some users have expressed that they want to withdraw only part of their profits to continue funding their bookmaker accounts. For now, we ask that you withdraw the full amount and then redeposit what you need until the next version is released.
In Summary
Low liquidity and aggressive betting strategies are currently our Achilles’ heel, but this is a temporary situation that we’re confident we’ll resolve, just as we’ve overcome past challenges with the support of our community.
In the coming days, we’ll begin injecting liquidity into the DEX while stabilizing the token price within a range that benefits everyone.
The silver lining is that when the token price dips, it’s a great opportunity to BUY tokens at a discount, which will always be needed for playing surebets—especially for traders and speculators!
Thank you for your continued support and patience as we work through these improvements together. Let’s keep winning! 💪
#AIBETRevolution