The newly launched Memebet token ($MEMEBET) presale has seen $250K in capital inflows in the last week.
The project will be the first meme coin casino. It’ll allow users to wager meme coins on thousands of live casino games, slots, and sportsbook events.
Supported meme coins will include heavy hitters like Dogecoin, Shiba Inu, Pepe, and many more.
Memebet token presale raise surges in the opening week
Investors are wasting no time in joining the Memebet presale.
The $250K raised is from investors eager to secure the best deal on tokens.
The Memebet token price will gradually rise throughout the ICO, with the next increase in two days.
Some of the investors involved in the presale have made substantial purchases. For instance, one bought over 134,000 $MEMEBET for $3,300 a couple of days ago.
Meanwhile, smart money traders like Cilinix Crypto have hailed the project.
The analyst says it “has potential” and could be one of the most promising presales on the market.
So, what’s all the hype about?
Crypto casino tokens tend to perform well after launching
Investors have repeatedly shown a strong appetite for crypto casino tokens.
In his analysis, Cilinix Crypto spotlighted TG Casino, which provided 5x gains following its presale. Based on that, the analyst suspects similar returns could be on the horizon for $MEMEBET.
However, other crypto casinos have experienced much more substantial gains. For example, market leader Rollbit is up over 2,500% since CoinMarketCap started tracking its price.
One reason GambleFi tokens perform well is that online gambling is a proven business model that generates significant revenue.
For example, Rollbit has seen over $440K in revenue in the past 24 hours alone.
But what’s interesting about Memebet is that it separates itself from other GambleFi projects by being the first meme coin casino.
Memebet is the first crypto casino for meme coins
The meme coin market is worth over $40 billion today, and it reached a high of $60 billion earlier this year.
Yet, even with all that liquidity, it still trails behind in terms of innovative applications and use cases.
Memebet Casino is one of the emerging projects fixing this.
Allowing users to wager their meme coins provides an additional utility stream. In underperforming periods, like the last six months, this could be an innovative way to keep users engaged with their joke tokens.
The Memebet Casino website explains it is “aimed at a fast-growing horde of left-curving meme coin traders. Those who either go big or go home, who ape first and ask questions later.”
Secure $MEMEBET at presale to join airdrop season 1
Memebet is running giveaways and reward schemes to expand its community.
The first call of order is a token airdrop, which will launch while the presale is ongoing.
Users can gain eligibility by investing in the Memebet token presale and wagering their tokens once the casino launches. The more they wager, the more tokens they’re eligible to receive.
The $MEMEBET token also offers utilities like casino bonuses, a VIP community group, and Lootboxes, which are filled with real-life rewards.
By calling in meme coin enthusiasts, Memebet is raising the stakes in the GambleFi sector.
Both meme coins and GambleFi are closely aligned in their high-risk, high-reward nature, which provides Memebet with a strategic market position.
Solid Proof audited the project and found no issues, which attests to its legitimacy and security.
Follow Memebet on X or join its Telegram for updates. Alternatively, visit its website to buy and stake tokens.
