Prize Pool: $3,000 in USDC
Deadline: June 10th, 2025
Winners: Top 10 

About $BLOCK

$BLOCK is the native token of the Blockasset ecosystem, powering both Blockasset and BlockBet.

Launched in 2021, it’s one of the few tokens that has stood the test of time while many others have disappeared. The token tested all-time highs at multiple occasions with a limited utility offering, and now, with BlockBet live, $BLOCK is directly tied to a real revenue-generating product. This makes it primed to succeed regardless of market conditions.

Currently sitting only at a ~$18M market cap, $BLOCK is one of the most promising new players in the GambleFi space and offers several key utilities:

• Staking: Users can stake $BLOCK and earn rewards based on the sportsbook & casino performance, with current returns of up to 24% APY.

• Buybacks: A portion of the circulating supply is bought back monthly to reduce supply and increase scarcity.

• Enhanced perks on BlockBet: $BLOCK holders gain access to features like increased cashback (up to 30%), better odds, exclusive missions, and more.

• "Own the House": A new staking model coming soon that will allow $BLOCK stakers to share in BlockBet revenue, effectively giving them a stake in the house.

• + More: Additional utilities and features will be announced throughout the second half of 2025.

The Task

We were overwhelmed by the quality of submissions during the first thread bounty, so we’ve decided to run it back.

This time, the spotlight is on $BLOCK, the token powering the entire ecosystem.

Your mission is to create a Twitter thread that helps others understand why $BLOCK matters right now.
Use your voice and preferred style, whether that’s narrative, data-backed, visual, or comparative. Just make sure it’s clear, engaging, and informative.

What to Cover

You don’t need to include everything below, but aim to cover at least three of these points:

• $BLOCK launched in 2021 and is stronger than ever today
  The token has stayed strong through multiple market cycles while many others disappeared. Its all-time high was tested several times with a far more limited utility offering than what BlockBet brings now. Early whales and private sale participants have been flushed out, with all vesting completed as of February 2024. The current holder base largely consists of newer holders & users who are aligned with BlockBet’s vision.
  

• GambleFi pivot with real revenue
  With BlockBet live, $BLOCK is now tied to a real, revenue-generating product. This gives it stronger fundamentals and potential long-term sustainability compared to speculative tokens that rely solely on market hype and vaporware.
  

• Buybacks are already making an impact
  Buybacks began in January, and so far over 7% of the supply has been repurchased, helping drive the price from $0.026 to $0.07. In May, BlockBet will implement daily buybacks on profitable days, purchasing $BLOCK at a 100% rate based on platform revenue. This will intensify buy-side pressure and accelerate supply shock, with the goal of reaching 20% of the total supply by the end of the year.
  

• More revenue = more $BLOCK bought back
  As BlockBet scales and generates more revenue, buybacks will increase. This creates ongoing supply pressure and makes $BLOCK more scarce. Threads should highlight the connection between growth and token demand.
  

• Market cap comparison shows upside
  Current $BLOCK market cap: ~$18M
  • $RLB: ~$142M
  • $SHFL: ~$53M
  • $FUN: ~$60M
  BlockBet is doing what others aren’t willing to do, positioning $BLOCK to close the gap and compete for the #1 GambleFi token spot, which could mean a 10x move from current levels.
  

• “Own the House” staking model coming
  A new staking mechanism is on the way where $BLOCK stakers will earn a share of BlockBet revenue. Explore its potential impact and speculate on how this changes the game for holders.
  

• Use technicals and data to stand out
  If you’re strong with TA or metrics, include relevant charts, resistance/support levels, or staking data. Threads with a solid analytical foundation will have an edge.
  

• Make it easy for people to buy and verify
  Include the $BLOCK token contract address in your thread:
  
  CA: NFTUkR4u7wKxy9QLaX2TGvd9oZSWoMo4jqSJqdMb7Nk

Prize Breakdown

We’re giving away $3,000 USDC to the top 10 threads, split as follows:

• 1st place – $1,000 USDC

• 2nd place – $600 USDC

• 3rd place – $400 USDC

• 4th place – $250 USDC

• 5th place – $200 USDC

• 6th place – $150 USDC

• 7th place – $125 USDC

• 8th place – $100 USDC

• 9th place – $100 USDC

• 10th place – $75 USDC
  
  How to Participate

  • Write a Twitter thread covering at least three of the points listed above in detail.

  • Tag @blockbetgg and @blockassetco in your post.

  • Include $BLOCK in your post.

  • Submit your thread link via the bounty portal.

  • ⚠️ Low-effort or AI-generated threads will not be considered.

  Judging Criteria

  Submissions will be evaluated based on:

  • Depth of research: Demonstrating a strong understanding of $BLOCK, its utility, and its evolving role in GambleFi.

  • Clarity: Clear, concise writing that gets the message across effectively.

  • Creativity: Unique angles, insights, and storytelling that help $BLOCK stand out.

  • Visuals: Bonus points for charts, technical analysis, infographics, or videos that support your thread.

  • Engagement: Likes and retweets are considered, but quality and insight are the main priorities.

  Daily Buybacks (Updated in Real-Time)

  In this section, you will find all the daily buy-back for May to include into your research.
  We will update this section every time a new buyback is done.

  Current stats:
  Buy-backs completed: 4
  Amount bought back: $130,000

  Check back regularly to stay up to date:
  Buy-back #1
  Buy-back #2
  Buy-back #3
  Buy-back #4
  
  Links to Get Started

  Here are useful links to help you research and build a high-quality thread: