- Transparency is just one of the benefits of using cryptocurrencies in casinos
- The gambling industry does not stand still; every year, it undergoes changes and improvements designed to improve the gaming experience.
The main advantage of blockchain is its transparency. Those casinos that use cryptocurrency make their activities completely open. Players highly appreciate this.
The user can quickly check how transactions are carried out on a particular site. Transparency is just one of the benefits of using cryptocurrencies in casinos. Such coins also allow you to conduct transactions instantly with a minimum commission.
Many companies that own online casinos decide to move on—they do not just use cryptocurrency, but introduce their tokens. Today we are talking about native crypto casino tokens, which have the maximum capitalization at the time of writing.
Benefits of Using Cryptocurrency in an Online Casino
All existing crypto casinos can be divided into two categories—some support third-party tokens and allow payments in cryptocurrency, while others offer players the opportunity to purchase their internal digital currency. The first category includes well-established casinos such as, Ignition’s crypto casino. The crypto casino does not have its token, but it is an entirely legal and safe option for online gambling.
Why are casinos switching from regular fiat to cryptocurrency? There are several reasons for this:
- Anonymity. To replenish the account and withdraw the money won, you will not need to disclose any of your banking and other confidential information.
- High speed of making payments. Both the replenishment of the account and the withdrawal of winnings in the crypto casino are instantaneous.
- Minimum commission or its complete absence. Cryptocurrency is decentralized; third-party companies do not control it; as a result, there is no commission for making payments.
TOP Gambling Tokens by Market Capitalization
To date, there are numerous cryptocurrencies that are tailored for specific gambling sites. Many are interested in purchasing such coins. Due to the active development of the online gambling field, it can be concluded that digital currencies in this area will remain relevant in the long term.
Among the total volume of existing gambling tokens, the following can be distinguished:
- FUN Token. Cost—$0.006148, market capitalization—$67,395,026
- CoinPoker. Price—$0.08984, market capitalization—$24,681,878
- Exeedme. Price—$0.03922, market capitalization—$3,523,083
- Atari Token. Price—$0.002331, market cap—$3,454,755
Let’s consider the features of the listed tokens.
FUN Token
FUN Token belongs to the FunFair platform. The main goal of this company is to provide services for creating and licensing online casinos. FUN Token coins are used as payments for the services rendered on the platform.
The token is quite widespread; currently, it can be purchased on the following platforms:
- Binance
- Huobi
- Gate.io
- Bittrex
- KuCoin
- FTX
- EXMO
The FunFair platform itself has several advantages over its competitors:
- Speed. There is a much higher transaction processing speed than similar platforms running on the blockchain.
- Credibility. The ability to check all ongoing transactions increases the level of confidence for players in an online casino.
- Security. A no-deposit option for managing funds is available.
- Modernity. In its projects, the platform uses HTML5 and WebGL technologies; to start playing, you do not need to download anything and register on the online casino website.
CoinPoker
CoinPoker is a modern poker room that supports cryptocurrency. The project will be of interest to poker players, as well as to investors who are looking for exciting and promising coins.
You can play poker on the platform literally from anywhere in the world. The use of blockchain technology allows you to make fast payments without commission in any country.
The advantages of the platform include the following:
- Availability. Payments are available anywhere, and transactions are carried out almost instantly.
- Transparency. The poker room uses RNG technology, guaranteeing random card shuffling.
- Privacy. When making payments, smart contracts allow players to remain anonymous.
Exeedme
The platform brings together players from all over the world and allows you to earn cryptocurrency on your favorite games. Exeedme is a Play2Earn gaming platform that uses blockchain technology. Here, players of any skill level can monetize their gaming skills.
The platform provides a fair distribution of earnings. Even if the player loses, he receives a small reward in the form of XED project tokens. Coins can be used to purchase unique rewards in the form of NFTs.
The main feature of non-fungible tokens is that they are quoted not only within the Exeedme universe. You can sell rewards on the most famous crypto exchanges.
Atari Token
Atari Token is built on the Ethereum blockchain. The project developers note that they wanted to create a cryptocurrency that could become a guide to the world of digital entertainment. Game developers and publishers get entirely new opportunities for using their projects.
Among the main advantages of the token are:
- Security of smart contracts;
- Easy integration on various platforms;
- Liquidity.
The developers have big plans for the project. They intend to expand their token’s capabilities to cover consumers’ needs in different categories.
Conclusion
The gambling industry does not stand still; every year, it undergoes changes and improvements designed to improve the gaming experience. Introducing cryptocurrency has become one of the most significant innovations in this area. Crypto casinos have maximum transparency, and winnings are paid out within a few minutes.
Der Beitrag Biggest Gambling Tokens According to Market Capitalization erschien zuerst auf Crypto News Flash.
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