190K DPINR within a 24 hour period (Delta Platinium's Indian Rupee) is slowly increasing in demand as they slowly roll out the launch process. Offering a service for gamblers to use crypto seamlessly moving in and out of FIAT is a real world use case.
Delta Platinum have a max supply of 100 Billion DPINR which is worth around $1.12 Billion dollars so the circulating supply of just over 550K has a long way to go yet. This is a slightly different scenario than what we would see with most crypto and stable coins.
For example over a busy evening if gamblers bought in 10 million DPINR worth of tokens ($100K) and finished their session they would then redeem their tokens (chips) like we all would do and that would no longer be a circulating supply. They may have won or lost which doesn't really matter, but they would still cash out what they had on hand.
The circulating supply of 555K DPINR is only $6.5K and is nothing really and would suggest those are regulars who will be using the online gambling platforms possibly daily.
What hit home with this transaction is the fees involved that COTI are earning. 25 COTI ($4) as a charge to the consumer for minting 4000 DPINR which is roughly $48 worth. Don't forget the double fee for minting when the customer buys in and when he cashes out at the end of the session. My quick arithmetic tells me the fee is around 8% so a double transaction of the same size for in and out is 16% which is still a saving of 12% from paying the Indian Government taxes which are 28%.
Once seeing these types of numbers it is easy to see what kind of earner this will be for COTI once they are fully operational using this DPINR token. Not forgetting the other countries that are scheduled to come on board with the Korean Kwon, Thai Baht, Chinese Yuan, Japanese Yen and the Vietnamese Dong launching once the DPINR has rolled out.
Delta Platinum has million of users who use their online casinos and it is easy to see that this is going to be highly lucrative for COTI once this happens. This feeds back as an APR for those staked within the Treasury and the other wallet recently created for the ERC 20 COTI token holders.
I can clearly understand why the softly softly approach when it comes to this launch because as a revenue generator this is big money. I have always believed that service related crypto projects crossing over into the real world would be the big winners once adoption takes place and these numbers just back that theory up.
It will be interesting to see the difference in revenue generated per country once this is all working because we know the Asian gambling market is massive. Delta Platinum are one of the biggest online casinos in the world with millions of customers using their facilities monthly. I have no idea what the online gaming taxes are like for the other countries involved besides India, but from what I have researched India is very large on it's own with bricks and mortar casino's only legal in Goa so the rest of the country has to gamble online.
