Memebet token ($MEMEBET) has successfully hit the $200K total raised milestone in its opening days of presale.
It’s raising funds to build the first meme coin-native crypto casino. Users will be able to wager on thousands of games and sportsbook events with joke tokens like Dogecoin, Shiba Inu, and Pepe.
What’s more, the presale has launched at a pivotal time in the crypto prediction market’s trajectory, with the sector beginning to gain mainstream recognition.
Memebet Casino grants utility to ‘useless’ joke tokens
In 2021, Dogecoin soared to an $80 billion market cap on a premise envisioned by Elon Musk and millions of starry-eyed investors. The premise was that DOGE could become a currency used for everyday transactions.
It has yet to pan out, but Memebet’s meme coin-friendly casino is a step in the right direction.
And the blend of meme coins and crypto casinos is generating a lot of excitement.
It’s no secret that gambling is a high-risk endeavor – but so are meme coins. Combining these, you have a platform ready for the most risk-hungry degens.
However, it also creates a fresh avenue for meme coin holders to generate gains during low volatility periods.
For example, Dogecoin is up 3% this month. Traders seeking more substantial returns may wager their DOGE on one of Memebet’s thousands of gaming markets to potentially increase their earnings.
Memebet Casino will launch as a web app and Telegram app, opening the project to millions of users and making placing bets as easy as sending a message.
Utility is at the core of $MEMEBET token
While users can wager all the top meme coins on the Memebet Casino, using Memebet token unlocks a heap of additional benefits.
Most important is access to the upcoming Play-to-Earn airdrop, which will take place while the presale is ongoing.
Users can wager their $MEMEBET tokens amid the presale and gain eligiblity for a share of the airdrop once the ICO ends.
Per its website, 20% of Memebet token’s total supply is earmarked for community rewards. Another 70% is allocated to the presale, and 10% to exchange liquidity.
Other features of $MEMEBET include bigger prizes, access to future airdrops, and an exclusive VIP group for high-volume bettors.
Predictions markets and GambleFi are exploding – is Memebet next?
Memebet token launched its presale at the perfect time.
Predictions markets, notably Polymarket, are gaining tremendous momentum and even recognition on the world stage. Polymarket allows users to bet on the outcome of future events, with the U.S. presidential elections being a favorite at the moment.
The Polymarket founder recently highlighted that mainstream media outlets are referencing Polymarket data due to its transparent and immutable on-chain nature.
However, these benefits also transfer to sports and casino betting, with on-chain gambling offering a more transparent and trustless alternative to its legacy counterpart.
While on-chain prediction markets continue to gain notoriety, Memebet intertwines the robust technology with crypto-native culture, making it more appealing to everyday degens.
Online gambling industry is expected to hit $132 billion by 2029, Memebet could set pace in crypto
The online gambling industry is forecasted to reach a record-high of $132 billion in annual revenue in five years, according to Statista.
Currently, crypto casinos hold just a 0.1% market share. Still, with the benefits of trustlessness, transparency, seamless onboarding, global accessibility, and lower fees, there’s every chance its market share will grow rapidly in the forthcoming years.
Memebet token is an outlier in the GambleFi sector, amplifying fun through a light-hearted memetic facet.
But traders can rest assured that Memebet Casino is equally as legitimate as its more conventional peers. The project has undergone a full audit from Coinsult, who found no security issues.
Follow Memebet Casino on X or join its Telegram for the latest updates. Alternatively, visit its website to buy tokens.
