The booming online gambling industry has easily found its footing in the crypto market, with GambleFi tokens experiencing sharp bull rallies. For instance, Rollbit Coin (RLB) has surged close to 5000% since its launch and currently has a market cap of nearly $550 million. $RLB has risen 30% over the past week, helped by the Bitcoin price action – $BTC hit $30k earlier today.
Another Ethereum-based platform Stake makes billions in online gambling revenue. It’s not without reason that experts predict GambleFi to be one of the top performing asset classes in the next crypto bull market.
However, a new cryptocurrency – TG.Casino – is looking to dominate the crypto gambling arena and could potentially be an excellent opportunity for those who missed out on tokens like Rollbit.
TG.Casino’s Strong Performance In Presale
TG.Casino is a Telegram-based crypto casino and anonymous betting platform that offers hundreds of games and sports, without the burden of any KYC verification or account setup. Players can also compete with each other in live events, while also benefiting from 500 free spins and a bonus of 150% – up to $30k.
The $TGC token is an integral part of the ecosystem – the project has announced that players betting with it will enjoy a 25% cash back on all losses. Similarly, certain exciting games will exclusively be available through $TGC and the token will also be the primary mode for distributing rewards, cashbacks and promotional offers.
Players can exchange their $TGC holdings for another cryptocurrency or even fiat money at any point in time.
Due to the token’s high utility, along with its price potential, the TG.Casino presale has raised nearly $1.5 million in just over three weeks. With that, the first stage of the presale has already sold out – the second stage will also be complete in just over one day. The presale will eventually end after raising the hard cap of $5 million.
Interested buyers can purchase the token by swapping ETH, BNB or USDT in exchange for it, at the price of $0.125. However, this price is set to increase after the completion of the presale.
Presale buyers will be rewarded exclusively while playing in the casino, while those spending more than $5k in the ICO will earn high-roller rewards and an exclusive NFT.
The $TG.Casino staking pool also allows investors to stake their tokens in the presale itself, currently offering an APY of approximately 400% at the time of writing. A portion of the profits from the crypto casino will be used to buy back $TGC in the open market, 40% of which will eventually be burned to create a deflationary supply while the remaining 60% will be distributed as staking rewards.
This provides an opportunity to generate passive income, irrespective of the bullish or bearish trend in the crypto market.
How TG.Casino Competes With Other Top GambleFi Platforms?
TG.Casino does have some unique strengths that distinguish it from other top platforms like Rollbit and Stake.
TG.Casino provides all its services on Telegram, eliminating the need to download any additional software or application. Telegram is the home of 700 million active users, many of whom are crypto and gambling enthusiasts. These users could potentially prefer TG.Casino over other platforms due to their familiarity with the ins and outs of the Telegram app.
The recent hack on the Stake casino resulted in the loss of $40 million worth of client funds, which put the issue of the safety of crypto casinos to the forefront. To combat this, Telegram provides end-to-end encryption to the players using the TG.Casino platform, which is an important tool for both security and privacy. Smart contract audits by Coinsult also offer an additional layer of security.
Platforms like Stake, Rollbit and BC.Game also do not offer anything comparable to TG.Casino’s staking mechanism – which is an excellent opportunity to generate passive income. In fact, close to $10 million $TGC tokens, which is equivalent to 80% of all the token sold in the presale, has already been staked.
Finally, TG.Casino offers significant advantages over Web2 online gaming sites such as no KYC verification, the ability to bet anonymously and acceptance of casino payments.
TG.Casino Price Potential
The online gambling sector is expected to grow with a CAGR of 11.7% and hit the $150 billion mark by 2030. Due to its unique value proposition, TG.Casino would benefit from this oncoming boom.
Furthermore, according to @CryptoKoryo, the sports betting market is expected to grow with a CAGR of 10%, which could also drive the demand for TG.Casino, considering that the platform offers access to 30 different sports books – including the NBA, NFL, UFC, Premier League and the MLB.
Consequently, some deep-pocketed investors – such as the admin of the Crypto Whale Pumps group on Telegram – are extremely bullish on the token. Popular trader @Cilinix Crypto, who has close to 33k subscribers on YouTube, predicts $TGC to surge by 1000% after its launch.
Even notable crypto publications such as Coincierge, Coinspeaker and CoinTelegraph have talked about TG.Casino’s viability.