Since 2017 the crypto casino market has grown rapidly and latest figures show the crypto casino market is now valued at $250 Million.
This represents just under 0.1% of the total Casino market which is currently valued at $263.3 Billion but research has shown Crypto Casinos are rapidly gaining market share from Web2 online casinos due to their ease of access, no KYC and the ability to keep transactions off bank statements.(source: TG Casino site)
We’ll take a look at 4 top crypto projects launching their own casinos and betting platforms – Rollbit Coin, TG Casino, Wall Street Memes, and Lucky Block.
What you'll learn 👉
Rollbit Coin (RLB) – Market Leader
Rollbit Coin (RLB) is a cryptocurrency that was launched as an integral part of the Rollbit lottery, and it is used on the Rollbit casino and trading platform. There was no ICO for RLB, instead, Rollbit has airdropped RLB for free to existing users of its platform. Rollbit also operates a futures exchange for cryptocurrencies.
Fundamental analysis aims to assess the inherent value of an asset, while technical analysis involves examining statistical patterns in the price and volume of an asset to predict future price movements. According to a Rollbit Coin price predictions, RLB is predicted to witness a steady surge in its value over the coming decade, with its price expected to increase from around $0.11 in 2023 to approximately $3.29 by 2032.
The supply of RLB is capped at 5 billion coins. To access the lottery, RLB must be staked in each round where half of the 0.20% staking fee will be burned (i.e., permanently removed from the supply). Since each round will see RLB permanently removed from the supply, the number of tokens in circulation will gradually fall over time, helping to support value growth. The other half of the staking fees will accrue to staked Rollbots, Rollbit’s NFT project.
When all RLB tokens are staked, there’ll be a burn rate of 45% of the total supply per year. As more RLB is staked, this leads to a greater reduction in supply as a higher number of tokens are burned to enter the lottery. And as demand increases over time, this puts upward pressure on the price of RLB.
TG Casino (TGC)
TG Casino is a new crypto gambling project that launched its presale on September 21, 2023. The presale offers investors the opportunity to purchase TGC tokens at a fixed price of $0.125, with 40% of the total supply allocated to buyers. The project has already raised over $1.3 million in presale passing the mark this week.
TG Casino is unique in that it is the first licensed and regulated Telegram casino, offering instant and anonymous play, anonymous crypto transfers, thousands of slots, classic casino games, and a competitive sportsbook. The project is fully decentralized and built on the Ethereum blockchain, with TGC being the native cryptocurrency of the ecosystem.
Investors who purchase TGC tokens during the presale can earn staking rewards and a share of casino profits through a token buyback once it is launched. Stakers can obtain an APY of up to 3,412% at the time of writing, and there is an exclusive post-launch NFT available for those who invest $5,000 or more in the TGC presale.
Overall, TG Casino appears to be a promising project in the crypto gambling space, with investor interest continuing to increase.
Wall Street Memes (WSM)
Wall Street Memes (WSM) has launched its own online casino directly integrated into Telegram. This innovative crypto casino aims to transform the GameFi landscape by making casino games easily accessible within Telegram chats and channels.
The Wall Street Memes Casino provides a seamless experience, enabling users to engage with popular casino games like slots, table games, and sports betting without ever leaving the Telegram app. This is achieved through a dedicated Telegram bot that serves as the casino platform. Users can simply access the @wsmcasino bot within Telegram to start playing.
According to Wall Street Memes, this integration with Telegram is intended to create a more fluid and convenient casino experience compared to traditional crypto casinos confined to websites. Telegram is transformed into a personal casino lounge, where sending a message or meme is seamlessly paired with placing bets in real-time.
The Wall Street Memes Casino also fully supports cryptocurrency deposits and withdrawals in BTC, ETH, DOGE, ts native $WSM token, and more. The integration aims to blend crypto gaming with the lively social ecosystem of Telegram for a unique user experience. A 200% welcome bonus is currently being offered to attract users to the recently launched casino.
The launch of the Telegram casino represents Wall Street Memes’ ethos of innovation. However, WSM’s price has trended down lately despite this productive development. After surging during its presale in mid-2022 which raised $25 million, WSM is now trading around $0.02, significantly below its all-time high of $0.07 in September.
This likely relates to overall weakness in crypto markets rather than something specific to WSM. The project has continued executing well with exchange listings, advertising campaigns, and now a unique crypto casino. The casino in particular could boost interest and trading activity around WSM. The launch of the Wall Street Memes crypto casino integrated into Telegram is likely a bullish catalyst for WSM’s price. Innovation, new revenue stream, expanded utility are some of the reasons.
Wall Street Memes had a strong market debut following its presale, rapidly gaining traction and notching exchange listings on major platforms like Gate.io, OKX, MEXC, LBank, and many more. Its $25 million presale haul points to enthusiastic early interest in the project as both a meme coin and voice against establishment finance.
Lucky Block (LBLOCK)
Lucky Block Casino Token is a native cryptocurrency of the Lucky Block Casino and Sportsbook platform. It is a high-potential cryptocurrency that has seen a considerable increase in price in the past months. Lucky Block Casino and Sportsbook has fully integrated LBLOCK crypto into its gaming platform, and holders of the LBLOCK token can fully convert to its native token for use within the casino.
Lucky Block is not limiting its LBLOCK V2 token to be just the native token of Lucky Block, as the business development team is looking at the possibility of introducing the token to more casinos. Players can use LBLOCK, Bitcoin, Ethereum, Litecoin, Dogecoin, Tether (USDT), Cronos, Monero, Dash, Zcash, Solana, Avalanche, Dai, Chainlink, Polygon, USD Coin, Polkadot, Uniswap, Shiba Inu, and Wrapped Bitcoin to gamble on the platform.
Lucky Block Casino and Sportsbook offers a wide variety of games, including slot games, jackpots, megaways, bonus buys, and more. Players can earn entry into the game by holding Lucky Block’s native LBLOCK tokens, which also entitle token holders to a share of rewards from the casino’s profit.
Are there legit crypto casinos?
In summary, Rollbit, TG Casino, Mega Dice, Wall Street Memes, and Lucky Block are all promising crypto casino projects with their own native tokens integrated into gambling platforms. Each offers a unique value proposition but shares the goal of merging crypto with online gambling for seamless, anonymous, and innovative experiences. If executed well, these crypto casinos have potential for significant growth and user adoption in the expanding web3 space.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
