Memebet Casino raises $250,000 in first week, offering a new way to gamble with meme coins.
New crypto meme coin casino, Memebet, which allows users to gamble and play using their favourite meme coins, earns over $250,000 in the first week of launch.
Just seven days since its launch, Memebet Casino, Web3’s first meme coin casino, has already raised $250,000 for its native token $MEMEBET.
Whale’s movement
The early investors, collectively called the ‘whales’, are buying $MEMEBET for a fixed presale price and jumping on the first-mover advantage.
Meme coins, whose wildest traits include a Shiba Inu dog and Baby Shark videos, first gained popular notoriety with Dogecoin ($DOGE) and its many offspring.
Their goofy chance-based profits have, in many cases, attracted very serious crowds, while a warm sense of community has sprung up around playful projects.
Increasing interest in doggy-themed tokens inspired a recent crop of meme-coin projects that focus on utility, including Memebet.
Last Tuesday, its presale opened up and an unknown whale contributed $150,000. Then another whale contributed $50,000 on Friday, driving Memebet’s fundraising tally to $250,000 in 48 hours.
BUY $MEMEBET BEFORE NEXT PUMP
Perhaps that’s why Memebet is launching at an opportune time. The world of online betting is expected to grow from $100 billion in 2024 to $130 billion in the next five years and on Wednesday, the US Federal Reserve cut interest rates by 50 basis points.
After two years of hikes, interest rates in the US were at their highest in two decades. Now, they are coming down. That’s good news for investors of all stripes – it makes borrowing cheaper and gets people looking at riskier assets such as crypto and stocks.
The Fed’s action clearly moved markets, as investors felt the need to grab some meme coins. Data from CoinGecko showed that the broader meme coin sector climbed 6.9 per cent in a day, raising its market cap to $45.7 billion. For a sector accustomed to drastic gyrations, that’s no small feat.
Given the increased interest in crypto markets for gambling and the recent growth in the meme coin markets, which Memebet addresses, it’s well-positioned to take advantage of these two boom markets.
Since the project is positioned at the intersection of two fast-growing parts of the GambleFi and meme coin markets, it has exposure to two of the fastest-growing parts of the entire crypto market.
What Is Memebet Token?
Memebet’s native utility token, $MEMEBET, can be staked or spent for a host of benefits, including airdrops, VIP degen bonuses and Memebet Casino Loot boxes, which offer real-world prizes as well as in-casino bonuses.
Memebet casino, too, is a Telegram bot where you can gamble your meme coins – be it Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK), Floki ($FLOKI) or whatever else – betting on games, competitions and collect meme coins as payouts.
Right now, users need to manually deposit their meme coins into their gaming account before they can gamble. The accepted list appears to be live, with Dogecoin, Shiba Inu, Pepe, Floki and Bonk are all ready to be gambled. But the team are already looking to expand the list of tokens that can be used.
The presale has allocated 1.4 billion $MEMEBET tokens, representing 70 per cent of the total supply of 2 billion tokens and 20 per cent has been reserved for casino rewards.
Tokens can be purchased via ETH, USDT, BNB, POLY, or credit card. Transactions on the Ethereum network (ETH, USDT or bank card) will immediately be delivered to connected wallets.
Memebet Token’s smart contract has been independently audited by Coinsult with no bugs in the code at this time.
PURCHASE $MEMEBET TO ACCESS EXCLUSIVE NFTS
Memebet is also aiming higher, opening itself up to the world as a regional sponsor for Argentina’s national football team. For any crypto project, this sponsorship deal is the stuff of rock-star dreams. It shows that Memebet eyes itself not just as a project and a platform, but an empire and a world-level brand.To learn more or get involved in the presale, visit the Memebet Token website.
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