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Gary McFarlane
Author
Gary McFarlane
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Since launching last week, Web3’s first meme coin casino Memebet Casino’s native $MEMEBET token has rapidly raised $250,000 as whales pile in to claim first-mover advantage by buying it at rock-bottom fixed prices.
See, meme coins like Dogecoin ($DOGE) and its many copycats may have started as a parody, but their fun and irreverent nature inspired loyal and large communities.
Now, developers are rapidly accommodating growing demand for them by building platforms like Memebet, which is a significant step towards integrating meme coins into Web3’s economy.
The presale launched last Tuesday and almost immediately bagged a $150,000 investment from an anonymous whale wallet. Within 48 hours, Memebet had secured a second whale investment to the tune of $50,000.
Why Now is the Time for Memebet Casino.
Today’s the right time for Memebet, too, with online gambling primed to explode from a $100 billion industry in 2024 to $130 billion within the next five years.
In addition, the US Federal Reserve Wednesday signalled the start of looser monetary policy with an interest rate cut of 50 basis points. Many had been waiting a long time for the move after the central bank raised rates 11 times over the last two years to hit their highest level in two decades last July. With borrowing getting easier, investors will be shifting to risk-on assets like crypto and stocks.
The Fed’s news had a very real impact on the volatile meme coin market. According to CoinGecko, the sector grew 6.9% in 24 hours to hit an eye-watering market cap of $45.7 billion. Not bad for crypto’s most speculative and volatile market.
Given the projected growth in both crypto and online gambling, Memebet is in a prime position at the convergence of both to become Web3’s first multimillion-dollar meme coin casino. Within crypto it simultaneously straddles GambleFi and meme coin sectors too, giving it plenty of exposure to two of crypto’s fastest growing sectors.
A Brief Guide To Memebet Token
Memebet Casino’s native utility asset is the $MEMEBET token. Holding and using it unlocks a range of benefits for players, including airdrop rewards, special VIP degen bonuses, and access to upcoming Memebet Casino Lootboxes, which feature real-world prizes and casino bonuses.
In the Telegram-integrated casino, players can gamble their meme coins in a plethora of different gaming and betting events. Memebet will initially enable holders of Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK) and Floki ($FLOKI) to play, but the team has hinted at a major expansion to the roster.
The project is also doing a 400 million $MEMEBET airdrop. To join, simply buy $MEMEBET token, wait for the launch of the casino (before the end of the presale), and begin gaming and betting to secure rewards.
Some 1.4 billion $MEMEBET tokens are for the presale, representing 70% of its total supply of 2 billion tokens. Approximately 20% (400 million $MEMEBET) are for casino rewards.
How To Buy And Other Details
Investors can buy in at a fixed low presale price of just $0.0252, visit the project’s website and connect your wallet (e.g. MetaMask, Best Wallet). In two days, this will rise a tiny fraction of a cent to $0.0253 as the presale enters its fourth round of thirty.
Purchase $MEMEBET using ETH, USDT, BNB, or POLY, or bank card. Only purchases made on the Ethereum network (ETH, USDT or bank card) will immediately be sent to wallets.
Once you’ve purchased your tokens, add the token address to your wallet (0x0C4a2a28a4edb47a7a4c53B06143C53e889Bd5dB) to view your $MEMEBET.
Memebet Token has undergone a full audit by Coinsult, which found no critical issues with its code.
Memebet is also a regional sponsor of Argentina’s national football team. That’s serious status for any crypto project, but it’s also a sign that the project is ambitious and sees itself as a global brand and leader.
Feel free to join Memebet’s community on X and Telegram for the latest news and updates about the project.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
