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The influence and impact of blockchain and cryptocurrencies on various industries are unmatched by most other recent technological advancements. This impact does not elude the gambling scene, where most casinos and online iGaming giants implement cryptocurrency to facilitate better rewards and generate further excitement about their games.
Crypto tokens are especially attractive in the gambling scene due to the transparency associated with blockchain. According to BusinessWire, the expected value of the iGaming industry is estimated to be around $130 billion by 2027, with a 9% compound annual growth rate. Hence, many businessmen and entrepreneurs should keep a close eye on the industry and its tokens as it progresses.
Read below to see what ICODA’s researchers have found to be one of the biggest tokens by market cap.
Rollbit Coin
Rollbit Coin (RLB) was initially launched solely as part of the Rollbit crypto casino. The coin’s launch differed somewhat from others as Rollbit never held an initial offer; instead, the casino chose to airdrop the RLB token to users on its platform.
The potential of this coin is widely on display; it has already reached sophisticated heights by cryptocurrency standards and is expected to grow even further as the Rollbit lottery commences. The lottery is held on Rollbit casino’s website, and users must stake tokens to get a chance to win a part of the casino’s profits. Over the course of each round, the casino’s profits will accumulate further and further, and the lucky 100 winners will share 20% of the accumulated profit among themselves.
RLB has already proven itself to be a reliable token since its inception. Its tie to a casino and the upcoming lottery makes for a strong foundation for a crypto token.
FUNToken
FUNToken takes a development-first approach and tries to fulfill the industry’s needs directly by marketing itself as the solution to gambling tokens worldwide. This cryptocurrency combines the innate comprehensive properties of the Ethereum token with a cutting-edge tech stack to create a reputable token for gamblers.
FUNToken is an Ethereum-based token that provides all the speed, transparency, seamlessness, and security benefits shared by all ERC20 tokens. The robust technological implementations of all Ethereum tokens make them an enticing solution for game developers and gaming operators to build around.
Decentral Games
Decentral Games token is the first fully licensed token to be used within a Metaverse casino of the same name. With the hype and excitement around Metaverse and similar augmented or virtual reality products, it is no wonder this token has been on our list.
Metaverse has been a drastically successful enterprise within the gambling industry so far, as gamblers worldwide miss the holistic experience of going to a real-life casino. Decentraland, the casino where the Decentral Games token is implemented, reports that 60% of the traffic generated within the casino is carried out and driven by the DG token.
Moreover, there is news that said the casino will develop a mobile casino app in the near future. With its release, we expect the value of this token to rise exponentially.
Wownero
Launched with fairness on April 1, 2018, Wownero stands out as a memecoin focused on privacy, boasting of initiating without any premise, ICO, or developer tax. It prides itself on being the pioneering project in implementing a CPU-compatible proof-of-work algorithm, RandomX. This mechanism leverages a virtual machine for running programs generated at random, ensuring resistance against ASICs.
Exeedme
Exeedme is the token implemented within a betting platform of the same name. Its main use is to monetize gaming skills and bet on eSports matches. The platform’s vision is to create a trustworthy and fair environment for gamers not chasing championship status to compete and earn substantial skill-based rewards on their play-to-earn model.
With interest in the larger gaming sphere rising, we expect XED to show success to users who invest in it.
Hamster
The primary objectives of the Hamster Token revolve around achieving financial independence for its holders and ensuring resilience against the adverse effects of market volatility. With a vision to contribute positively to society, the team behind Hamster Token is dedicated to relentless efforts to provide lasting value to the community. They are committed to continuously working hard to ensure that the Hamster Token remains indefinitely beneficial to its community, striving to make a meaningful impact beyond mere financial gains.
Dotmoovs
This token is primarily used on Dotmoov’s peer-to-peer sports competition platform. By utilizing AI to score sports tricks and movements through video submissions, Dotmoovs enables athletes worldwide to compete against each other without the need for physical proximity. This AI-driven approach ensures that assessments are fair and unbiased, removing the subjective element often present in traditional sports competitions.
The platform’s native MOOV token is at the core of its reward system, offering a secure and transparent way to compensate athletes for their performance and engagement. This use of blockchain technology not only democratizes access to sports competitions but also provides a novel mechanism for athletes to earn from their skills directly.
With the implementation of their soon-to-be-released NFTs featuring popular athletes, they believe that sports competition will never look the same.
REKT
REKT is a memecoin originating from an extremely hyped Telegram trading bot. With influencer Arthur Hayes shouting out the project relentlessly, many people within the crypto community turned an eye toward REKT, and it has been a valuable cryptocurrency since.
Since its inception, though, REKT has largely expanded from just the Telegram trading bot. Now, the REKT project encompasses a game, a casino, and the bot mentioned above.
A token that aims to protect investors from significant losses in the volatile crypto market by providing decentralized insurance-like coverage. This could appeal to investors seeking a safety net against the high-risk nature of cryptocurrency investments.
A platform that leverages the REKT token to offer education, tools, and resources for risk management in crypto trading and investment. This could include tutorials, simulation trading environments, and analytical tools to help investors make informed decisions and avoid scenarios where they might get “rekt.”
HEROcoin
HEROcoin (PLAY), a digital currency, functions within the Ethereum ecosystem. It boasts a total issuance of 252,165,029 coins, of which 177,023,648 are presently active in the market. The most recent recorded value of HEROcoin stands at $0.00124185, exhibiting a 5.46% increase within the past day. HEROcoin is actively traded across 10 markets, witnessing a trading volume of $3,330.09 during the last 24-hour period.
Decentrahub Coin
Decentrahub coin takes a hands-off approach to crypto staking. Moreover, its open-source wagering platform powered by blockchain technology provides users with a diverse array of gaming options, including sports and table games. Unique in its offering, it also presents additional services, such as passive income opportunities for the maintenance of DCNTR, beyond the conventional assets available from the platform.
Decentrahub’s main concern, though, is betting on games, real or video. This can take the form of a player betting on a completely unrelated game to them or even participants of said game betting for their win. Like a previously mentioned entry on our list, Decentrahub seeks to provide gamers with an opportunity to monetize their skill worldwide.
