Traders bullish on GambleFi token after raising over $2m in presale
TG.Casino (TGC) has raised over $2.1 million in the ongoing presale.
This article analyzes the casino’s offering in the crypto gambling sector and the factors that might drive its growth.
TG.Casino launches crypto casino on Telegram
TG.Casino is an online gambling portal integrating the blockchain with Telegram-based betting. This approach can provide users with an efficient, secure, and transparent betting experience.
The platform is a licensed online casino offering a full suite of games, including slots, table games, live dealers, and a sportsbook.
Unlike traditional gambling sites, TG.Casino allows anonymous wagering without know-your-customer (KYC) checks.
According to its whitepaper, TGC, the ERC-20 token, is central to the casino. This integration allows it to offer fast, low-cost deposits and near-instant withdrawals.
TGC holders receive various perks, including staking rewards and cashback on losses when betting with the token.
TG.Casino further incentivizes holding TGC via token buybacks. The casino will regularly buy back TGC on the open market using a share of its profits.
Of the repurchased tokens, 40% are burned, while the remaining 60% are distributed to stakers as rewards.
This “buyback-and-burn” mechanism applies deflationary pressure on TGC.
Combining anonymous access, built-in staking rewards, and deflationary tokenomics could drive TG.Casino’s popularity in crypto gambling.
TGC presale nears the halfway mark
The TGC presale is ongoing and has raised over $2.1 million.
The crowdfund is tiered, with TGC prices increasing after each stage sells out.
Presently, TGC is trading for $0.155.
The next stage begins on Nov. 17, when the token price will increase.
The presale has a hard cap of $5 million.
After the presale, the team plans to list TGC on exchanges to boost accessibility and increase trading volume.
Assessing TG.Casino’s prospects
The online casino industry is projected to grow by 8-9% annually, providing an opportunity for the GambleFi space that combines gambling and decentralized finance (defi).
TG.Casino may benefit from this growth. As a Telegram-integrated casino, it also leverages the blockchain. The team has taken a differentiated approach by offering a web-based platform.
Early backers are bullish on TGC, banking on the casino’s growth in the GambleFi niche.
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