New Memebet Casino Token Presale Targets Degen Gamers

Meme coins are the hype of 2024 and while some downturn was seen during the summer, the market for the popular coins that many select as investment is expected to rebound later this year.

In the first few minutes of its initial coin offering (ICO), the upcoming GameFi-driven online casino platform, Memebet Casino, was able to raise a whopping $150,000.

$MEMEBET Token Arrives on the Crypto Scene

The platform which continues to go through development released its $MEMEBET Token, which is recognized as its main currency. Targeting the “degen” community, the Memebet Casino platform promises to deliver investors and gamblers a range of benefits, including exclusive prizes.

Using the $MEMEBET Token, customers can place wagers, including sports bets and participate in high-stakes casino games. To elevate the excitement further, Memebet Casino also supports other meme coins such as Shiba Inu and Dogecoin, among others.

Integrated with Telegram, the new platform delivers “a smooth, no-KYC gaming experience,” and challenges online casinos that often “fall short of user expectations.” What’s more, Memebet Casino seeks to cater particularly to coin enthusiasts and crypto aficionados alike.

“Memebet Casino ($MEMEBET Token) is breaking new ground in the online gaming space with its ICO, which has already raised $150,000 in minutes, for a new online casino where users can wager directly with meme coins for the first time,“

reads a statement released by Memebet Casino

Is It Wise to Invest in Memebet Casino?

Focusing on the potential for investment, the new $MEMEBET Token is strategically positioned at the intersection of two popular sectors, namely the gambling industry and meme coins.

Estimated at approximately $100 billion in 2024, the online gambling vertical is expected to grow to $130 billion over the next five years. On the other hand, the meme coins market hit $60 billion this year and is constantly growing, similar to the iGaming vertical.

Considering the strategic position the $MEMEBET Token holds and the potential for expansion, investment in itself may reap benefits. Further sweetening the deal, thanks to Memebet Casino, investors can also benefit from special rewards. The platform is expected to offer additional tokens for users who place wagers with the $MEMEBET Token.

As explained by Memebet Casino, the more “a user wagers with the $MEMEBET token, the larger their share of the rewards, as a result of the play-to-earn wagering component of the platform.” To further complement the experience for the bettors, high-stakes players can benefit from entering an exclusive “Degen VIP community.”

Considering the benefits and the strategic position the $SMEMEBET Token holds, it anticipates revolutionizing the sector. While eyeing potentially surpassing Rollbit, a rival online gambling platform, only time will tell if Memebet Casino will emerge as the winner in this competitive race within the crypto vertical.