9 Best Gambling Tokens to Buy in 2024
The best gambling tokens are those that offer rewards to holders and that offer additional utility, such as access to special features, revenue share and NFTs that you can trade.
The reason why investors are drawn to gambling tokens is mostly because of the high reward potential. But there’s also the growing global betting industry, which is expected to soar to $114.4 billion by 2028. If we add in the anonymity feature of crypto gambling and the revenue share, investing in gambling tokens seems even more enticing.
To find the best gambling tokens that offer rewards to holders we compared hundreds of them in terms of market capitalization, active daily users and revenue.
The Top 9 Gambling Tokens to Invest in
- Mega Dice Token – Best gambling token, get staking APYs and NFTs.
- HypeLoot — Earn profit share from the first AI-powered crypto casino.
- Wall Street Memes — Popular crypto gambling site, raised over $25 million in a presale.
- Scorpion Casino — Earn daily staking rewards and revenue share from this crypto casino.
- Rollbit Coin — Crypto gambling site with games, betting, and NFTs and crypto futures trading.
- FUNToken — Gaming platform for game developers to build games and casinos in Web3.
- Solcasino — Get revenue share by holding Solcasino NFTs.
- WINR Protocol — Decentralized gaming infrastructure provider with a native token.
Reviewing the 9 Best Gambling Tokens
The best gambling tokens excel in rewards, utility and security. The way they work is designed to entice new users to join the ecosystem, which in turn should positively impact the token price.
1. Mega Dice Token – Overall Best Gambling Token Powers a Casino and Sports Betting Platform
Mega Dice Token ($DICE) is the top gambling cryptocurrency to watch in 2024. Players can use this new token to earn discounts, bonuses, and rewards on Mega Dice’s casino and sportsbook.
The Mega Dice Casino hosts over 4,500 games, including slot machines and game shows. The platform also features over 50 sports and eSports betting markets. With $DICE, you can earn the following benefits:
- Exclusive access to casino games and daily bonuses for your stellar performance.
- Certain token holders can win limited-edition NFTs, which leads to exciting bonuses in the gambling ecosystem.
- Huge staking yields through the Mega Dice Token smart contract.
The Mega Dice Casino is supported by Telegram, offering direct and decentralized access. From a total supply of 420 million, 35% is being allocated for the presale. In only a couple of hours, the presale has raised more than $320K.
At press time, $DICE is priced at $0.069 per token. Another 10% of the supply will be offered as staking rewards. Early investors can also stand a chance to win from an airdrop pool of $2.25 million.
Read the Mega Dice Token whitepaper and join the Telegram channel to find out more about this cryptocurrency.
| Presale Started | April 2024 |
| Purchase Methods | SOL, ETH, BNB |
| Chain | Solana |
| Min Investment | None |
| Max Investment | None |
2. HypeLoot — Earn Profit Share From the First AI-Powered Crypto Casino
HypeLoot is a popular gambling site and the first AI-powered crypto casino that already has over 150,000 users globally. In 2023 alone, the site had $1 million revenue and it’s constantly growing. Now, HypeLoop is launching its own token that will earn a share of the casino’s profit, making it a solid choice for everyone looking to earn passive income.
The HPLT token is available for purchase with ETH, BSC, USDT or USDC on the HypeLoop presale site. Simply connect your MetaMask or a similar wallet and you’re good to go.
There are several reasons for buying the HPLT token during the presale:
- Lowest token price. There are multiple stages in the token presale where each stage comes with a higher token price than the previous. Buying as early as possible means you’re getting the lowest token price.
- Hype NFTs. You become eligible for a Hype NFT, which can be sold or used in the HypeLoot ecosystem for exclusive benefits.
- Receive HypeLoot credits. Get up to 50% HypeLoot credits to use on their site.
- Staking rewards. Staking rewards in USDT will become available during the token presale.
There will be 100,000,000 tokens in total with 40% dedicated for the token presale. This gives everyone a chance to participate in the HypeLoot project and earn passive income from the profit sharing feature.
Make sure to follow HypeLoot on X and join the Hypeloot Telegram channel for the latest updates.
| Hard Cap | N/A |
| Total Tokens | 100,000,000 |
| Tokens available in presale | 40,000,000 |
| Blockchain | Ethereum Network |
| Token type | ERC-20 |
| Minimum Purchase | N/A |
| Purchase with | USDT, USDC, ETH, BSC |
3. Wall Street Memes — Crypto Gambling Site From a Large Meme Community
Wall Street Memes was a popular community on social media that raised over $25 million in a token presale. Now the team has built an online gambling site where you play games or bet on sports events with crypto. Down the pipeline there will be loot boxes and perps.
The WSM token is now freely available on major centralized and decentralized exchanges. Once you have your tokens, you can stake them to earn up to 33% APY.
The WSM is a BEP-20 token that is used as a utility token in the Wall Street Memes casino. This means it can be used for gambling or to get exclusive benefits.
Follow Wall Street Memes on X and join the Wall Street Memes Telegram channel for the latest information on the casino and its token.
| Hard Cap | N/A |
| Total Tokens | 2,000,000,000 |
| Tokens available in presale | N/A |
| Blockchain | Binance Smart Chain |
| Token type | BEP-20 |
| Minimum Purchase | N/A |
| Purchase with | USDT, USDC |
4. Scorpion Casino — Earn Revenue Share From this New Crypto Gambling Site
Scorpion Casino has launched a token presale where you can buy $SCORP at a discounted price compared to its listing price. For example, now, in the later stages of the presale, you can grab $SCORP tokens for $0.029 apiece, while its listing price will be $0.05.
Purchase the token on the presale site either with ETH, BNB or USDT when you connect your Ethereum-based crypto wallet. Depending on the amount of tokens you buy, you can also get an NFT that can give you a bonus in the $SCORP tokens you buy, casino credits, staking rewards and a VIP package.
Once the presale ends and the casino goes live, portion of the daily profit will be used to buy back the $SCORP token, half of which will be burned and the remaining half will be distributed to $SCORP token holders who stake the tokens.
Follow Scorpion Casino on X and join the Scorpion Casino Telegram channel for the latest information.
| Hard Cap | N/A |
| Total Tokens | 1,000,000,000 |
| Tokens available in presale | 400,000,000 |
| Blockchain | Ethereum |
| Token type | ERC-20 |
| Minimum Purchase | N/A |
| Purchase with | USDT, ETH, BNB |
5. Rollbit Coin — A Leading Online Casino Where You Can Play Games, Bet on Sports, Trade NFTs and Crypto Futures With 1,000x Leverage
Rollbit is a crypto casino founded in early 2020 on the Solana blockchain but got an upgrade in March 2021, and recently moved to Ethereum. The casino offers a variety of gambling games, such as slots, roulette, and blackjack, as well as sports betting in sports and esports like Dota 2 and Counter-Strike. This is a rare feature as most online casinos offer betting only on traditional sports.
Aside from gambling, you can trade NFTs or get loans by using your NFTs as collateral. For seasoned traders, Rollbit offers crypto futures with up to 1,000x leverage. This means you can quickly make a lot of money, but you can just as quickly lose them.
One of the reasons for Rollbit’s success could be attributed to catering both to Web3 and Web2 users. You can sign in with an email or via your Steam or Twitch accounts. If you’re wondering how to gamble with cryptocurrency, the Web3 part lets you connect via the MetaMask crypto wallet. You can deposit funds via card or Google and Apple Pay, making it even more accessible to a wider audience.
In August 2023, one of the co-founders said the casino would buy 60% of all fees generated and burn them to increase demand for the token. And it seemed to be working. The token was up 60% after the announcement.
The platform’s token RLB was created in November 2021 and was airdropped to Rollbit users. With the token, you can stake it to earn rewards or participate in a lottery and other activities on the platform. You can earn a 10% cut of the RLB tokens the team buys for burning if you get a Rollbot NFT and stake it.
All this potentially makes Rollbit one of the best gambling tokens to buy now.
| Blockchain | Ethereum Network |
| Token type | ERC-20 |
| Total supply | 5,000,000,000 |
| Burning mechanics | Yes |
| Deposit methods | BTC, ETH, LTC, Sol, Google Pay, Apple Pay, card |
6. FUNToken — A Gaming Platform That Helps Onboard Gamers and Game Developers Into the Web3 Gaming Ecosystem
FUNToken is designed to give developers, gamers and gaming operators transparency and economic opportunity as they are integrated into the cryptocurrency world.
There are two tokens on the platform: FUN token, which is on the Ethereum network, and XFUN token, which is on the Polygon network. Polygon is a layer 2 Ethereum blockchain that makes transactions faster and cheaper. Both tokens have a 1:1 ratio and you can easily swap them in the platform’s proprietary XFUN Wallet.
The platform has several dApps that can be used by gaming studios to build an online casino or a betting platform. There’s also a software solution for arcade gaming platforms and metaverses.
The idea is to use the FUN token by any other game that utilizes FUNToken’s gaming solutions. In other words, you can build an online crypto game that uses the FUN token, which should drive token demand as more games are being built on the platform. If you want to know more about Polygon gambling, check out our guide.
You can buy the FUN token on multiple centralized exchanges.
| Blockchain | Ethereum and Polygon |
| Token type | ERC-20 |
| Total supply | 10,977,277,070 |
| Burning mechanics | No |
| Deposit methods | FUN |
7. Solcasino — The Most Popular Online Casino on The Solana Blockchain That Shares Revenue With the NFT Holders and Gives Rakeback Rewards
Solcasino is one of the leading casinos on the Solana blockchain and the first Solana casino licensed in Curacao. There, you can play a variety of gambling crypto games like slots, roulette and card games but you can also bet on sporting events. Some of the games have a prize pool where the winner takes it all.
The platform’s native currency is SCS, which you can stake to earn an annual percentage rate (APR) of 58%. However, you’re not limited to SCS, you can use other Solana tokens like BONK, SAMO, DUST, SOL, USDC and more to play and bet on sporting events.
Even though Solana is the native blockchain for Solcasino, there is multi-chain support for BTC, ETH, BNB, MATIC, APTOS, CANTO and FTM.
There’s also an ongoing lottery where the prizes can reach up to $100,000 for a ticket price of $2.
The most useful feature is undoubtedly Solcasino’s NFTs. These participate in the casino’s revenue share when you lock them up for staking for a period of time. You can also earn rakeback, which is a reward you earn when you play on the Solcasino. This makes SCS one of the best gambling tokens on Solana and one of the most popular gambling tokens overall.
| Blockchain | Solana |
| Token type | SPL |
| Total supply | 10,000,000,000 |
| Burning mechanics | No |
| Deposit methods | SOL, BTC, ETH, BNB, MATIC, APTOS, CANTO and FTM |
8. WINR Protocol — One of The Largest Infrastructure Providers For Gambling Sites
WINR Protocol is a liquidity and incentive infrastructure on the WINR Chain, designed for on-chain casino and betting sites. This helps developers seamlessly create blockchain games and incentivize players with token emissions.
The WINR token can be used as the base gas token to pay for transaction fees or to vote in a DAO. There are also liquidity pool to take advantage of where you can do yield farming.
The WINR tokenomics are straightforward, there are 1 billion WINR tokens more than half of which are used for ecosystem rewards and core contributor rewards. Only 10% of the tokens were used in the public launch.
| Blockchain | WINR Chain |
| Token type | WINR token |
| Max supply | 1,000,000,000 |
| Burning mechanics | No |
| Deposit methods | N/A |
What are Gambling Tokens?
Gambling cryptocurrency, also known as ‘GambleFi’, continues to evolve by integrating blockchain technology and crypto trends. These tokens often act as digital currency used exclusively on gambling platforms, which allows users to enter some of the best offshore betting sites, play online casino games, and access gambling with crypto.
These tokens can also be used to vote in a DAO, if the token has one, or stake them to earn a revenue share. These two aspects reflect the industry’s shift towards decentralization.
Another feature of the best gambling tokens is transparency. This comes as an integral part of blockchain technology whose ledgers are immutable and available for everyone to see. This can help in building trust among users, as they can verify the fairness of games and the distribution of rewards.
On top of that, gambling tokens in 2024 offer anonymity and privacy. Users can engage in online gambling crypto activities without revealing their personal and financial information, which isn’t the case with traditional gambling platforms. Typically, all you need to use these platforms is a crypto wallet.
How Do Gambling Tokens Work?
The best gambling token works by using blockchain technology to create a secure, transparent, and efficient system for conducting transactions on gambling platforms.
Here’s how that looks:
Getting gambling tokens. Users can buy tokens directly from cryptocurrency exchanges and deposit them on the gaming platform via crypto wallets like MetaMask.
Participation in games. Select a game or a sporting event you want to bet on and select the amount of tokens you want to use. Typically you can use a stablecoin like USDT for playing.
Rewards. Some platforms may distribute gambling tokens as bonuses, rewards, or promotions to encourage user participation.
Access to exclusive services. Token owners of that particular casino may get benefits like access to higher wager amounts or VIP events.
Withdrawals. You can withdraw your winnings directly into your crypto wallet without complicated procedures.
GambleFi vs GameFi
While GambleFi and GameFi both operate within the realm of blockchain and cryptocurrency, they serve different purposes. Understanding these differences is crucial to making an informed decision on whether to invest in gambling or gaming tokens.
They Have Different Utilities
Gambling tokens, such as Rollbit’s RLB, are specifically designed for use on online gambling platforms. They are used to place bets, enter games and claim rewards within the gambling ecosystem. Some online casinos give voting rights in the DAO to token holders.
On the other hand, GameFi coins are used within the broader context of decentralized finance (DeFi) in the gaming industry. They can be used for purchasing in-game assets, for trading at in-game marketplaces, staking and even participating in governance decisions within the DAO.
Some games, like Axie Infinity, have a dual-token structure: SLP for in-game uses and AXS for DAO governance.
Anonymity Features
Gambling tokens often prioritize user anonymity, which allows individuals to participate in gambling activities without revealing personal or financial information. This is often done directly via a crypto wallet.
Even though blockchain tech gives users anonymity, GameFi coins may or may not prioritize user anonymity, depending on the specific project and its goals. Some games may require only a crypto wallet, while others may require that you sign up with your email or provide additional personal details.
Value
The value of gambling tokens depends on the use cases within the gambling platform. Outside of it, they may not have significant value unless the gambling platform grows significantly.
GameFi coins may hold investment value and could potentially appreciate in value based on the success and adoption of the gaming project or platform they are associated with. That’s because a certain in-game asset like a character, weapon or skin, may be rare and more sought after if more players join.
Advantages of Buying Gambling Tokens
Buying gambling crypto tokens comes with anonymity, global accessibility, faster and cost-effective transactions, transparency, access to gambling telegram groups and potential rewards.
Rewards
The best crypto gambling token comes with rewards for token holders who stake. This means you don’t even have to gamble to benefit from rewards. Other tokens like Solcasino offer revenue share to the token and NFT holders.
Of course, a lot of gambling platforms give rewards to participants, meaning you can earn gambling tokens by participating in the platform’s activities.
Anonymity and Privacy
Being an inherent feature of cryptocurrencies, the best gambling cryptocurrency offers anonymity for holders. This means you can engage in gambling activities without revealing your identity.
What’s more, gambling tokens are like any other crypto tokens. All you need is a crypto wallet to store them and that’s it. Even if someone sees the token in your wallet, they wouldn’t necessarily know what kind of token it is.
Global Accessibility
Gambling tokens like all cryptocurrencies enable individuals from different parts of the world to participate in online gambling platforms without worrying about currency conversion or international transaction fees.
This makes accessing these platforms seamless and hassle-free. It also opens the potential for more users to come in, which would generate more revenue for the token holders.
Potential for Appreciation
Some gambling tokens may also hold investment value, given that the cryptocurrency ecosystem is still in its infancy. Once it goes mainstream and more users flock to the cryptocurrency world, the tokens may appreciate in value.
Given all the advantages of blockchain gambling, this could be easily achieved when macroeconomic factors change.
Earning ROI From Gambling Tokens
Return on investment (ROI) from gambling tokens involves various strategies such as early investment in a presale, staking rewards, exclusive access and rewards, participation in platform governance, and engaging in gambling activities.
While the potential for earning a substantial ROI exists, you must assess the risks and do your own due diligence before you invest given the volatility and uncertainties inherent in the cryptocurrency and online gambling markets.
Investment in Presales
Investing in tokens during their presale phase can potentially offer substantial returns if the platform gains popularity and the demand for the tokens increases.
SUI, one of the most popular crypto presales, gained over 7,100% after launching on exchanges. This doesn’t mean that every presale will perform the same. In fact, it’s most likely that 90% of the tokens won’t repeat SUI’s success. Which is why it’s important to do your own research before jumping in.
Staking Rewards
Some gambling platforms let you earn rewards when you stake your tokens on the platform. The rewards often come from the revenue generated by the gambling platform, which can range from 60 to 100%. But it can rarely come from a separate token pool dedicated for staking rewards.
The latter is often the case with token presales. That’s because some of the presales let you earn more tokens while you wait for the token to launch on exchanges. This gives you even more tokens in your wallet when you decide to sell, which can potentially increase your ROI.
Exclusive Access and Rewards
Holding gambling tokens may grant users exclusive access to premium games and services. Some platforms, like Exceedme, give access to higher wager limits to those who stake more coins.
Gambling platforms may offer loyalty rewards and bonuses to token holders, contributing to increased earnings and a higher ROI.
Engaging in Gambling Activities
The main utility of gambling tokens is to be used on gambling platforms. You can bet on sporting events or play poker and roulette.
Some gambling platforms may reward users for being active and give out their own tokens. However, unless you’re a professional poker player or an esports gamer, there’s no guarantee that this can increase your ROI in the long run, which is why simply staking your gambling tokens might be the best bang for the buck.
Are Gambling Tokens Safe?
Gambling tokens offer various security features, such as blockchain technology and anonymity, but they are not without risks. Market volatility, regulatory uncertainty and potential vulnerabilities can affect your holdings.
Blockchain tech is a secure and immutable ledger, which makes transactions secure and transparent. A gambling platform can be hacked, and if your funds are on the platform, they could be exploited. Recently, an Australian crypto casino Stake was exploited for $41 million with the funds being withdrawn on Ethereum and Polygon networks.
You can avoid this if you frequently withdraw your winnings and tokens from the platform and deposit only when you intend to engage in activities.
However, gambling tokens, similar to all cryptocurrencies, aren’t immune to market volatility. If the sentiment is positive and macroeconomic trends are favorable, gambling tokens along with most cryptocurrencies should trend upward, and vice versa.
How to Protect Your Crypto Tokens
Simply buying your gambling tokens doesn’t necessarily mean they can’t be taken from you.
Here’s how to up your game:
- Never share your seed phrase. Your crypto wallet stores all your coins, not just your gambling tokens. If anyone asks for your seed phrase, they plan to scam you. No one in good fate will ever ask for your seed phrase.
- Use a hardware wallet. Wallets like Trezor and Ledger keep your crypto safe by keeping your seed phrase offline and on the hardware wallet itself. This means that for someone to steal your coins from your hardware wallet, they would need to have the wallet itself and know the PIN number.
- Don’t connect your wallet to every link you get. Scammers typically use links with typos or fake links to legit companies and products. Never connect your wallet and approve transactions unless you are 100% sure it’s legit. As a solution, use a burner wallet. These are wallets where you don’t hold your crypto, and you use it to connect to sites. If it’s a fake site, there won’t be anything to steal from you.
- Test with a smaller amount. In addition to burner wallets, test the links with a small amount. If someone scams you, it would be easier to swallow.
Are Gambling Tokens Legal?
This largely depends on each country and its regulations. In some countries like the UK, Australia and Canada, crypto gambling is legal. In others, like China and Qatar, it’s illegal.
On the other hand, within the US, the area of crypto gambling is kind of confusing. There is no legislation on crypto gambling but there is legislation around online gambling. Some states have made online gambling completely legal, while others only allow for sports betting. And some states have banned online gambling completely.
This means that globally crypto gambling isn’t regulated, but it’s not prohibited.
Avoiding Scams and Fraud
The crypto space is still plagued by scams and frauds. Even though the crypto scam revenue dropped 46% in 2022, there is still a risk of being scammed in 2024.
The most common crypto scams include:
- Pump and dump schemes. This type of scam was popular in the stock market but as more money started pouring into the crypto world, scammers shifted their focus there. The idea behind pump and dump is that a group of people start pumping the price of a certain cryptocurrency and when new people buy it, they simply dump their tokens and cash out.
- Rug pulls. Rug pulls are another popular crypto scam where the developers create a token and then remove the token’s liquidity from the pools, leaving investors with tokens that they can’t exchange for anything else.
- Giveaway and impersonation scams. Scammers can hack someone’s social media account and promote a fake giveaway. That happened with Ethereum’s founder Vitalik Buterin’s Twitter account, which was hacked where the hacker posted a fraudulent link to Buterin’s followers promising an exclusive NFT. Everyone who connected their wallets lost their funds, which totaled $690,000. As a rule of thumb, use a burner wallet to connect and mint NFTs.
Do You Pay Tax When You Buy Gambling Tokens?
Gambling tokens are just like any other cryptocurrency when it comes to taxes, which means it depends on the country you live in as each country has different rules and regulations.
For example, in the US, buying cryptocurrencies is not a taxable event, meaning you can buy gambling tokens and hold them without paying taxes. Taxes are due when you sell or trade your gambling tokens and recognize a gain, in which case only the profit is taxable. For example, you spend $1,000 on gambling tokens and later sell for a $3,000 profit. You will pay taxes on the $2,000 profit. If you recognize a loss, you can deduct that from your taxes.
However, if you buy one cryptocurrency to buy another, say you buy Ethereum to buy X token, this is considered taxable by the IRS if you sold your Ethereum for more than you bought it.
On the other hand, gambling winnings in the UK, Australia and Canada are tax-free.
To better understand crypto gambling taxes, consult a professional in your country.
Conclusion
The year 2024 was a significant milestone for the evolution of gambling tokens, especially those offering lucrative rewards. As the industry continues to grow, tokens that offer unique benefits, such as revenue sharing, staking, loyalty bonuses and exclusive access to premium games will likely gain prominence.
Consider gambling token presales as one lucrative investment option as they let you buy the tokens at a discount before launching on exchanges. Stake your coins while you wait for the token launch to increase your holdings.
However, make sure to do thorough research on tokenomics, utility, platform reputation, and regulatory compliance, to make the right investment decision when choosing the best gambling tokens to invest in.
References
- https://www.coindesk.com/markets/2023/08/09/rollbits-rlb-token-rockets-60-as-crypto-casino-bets-on-daily-token-burn/
- https://twitter.com/rollbitcom/status/1690359480910032896
- https://finance.yahoo.com/news/most-expensive-virtual-plot-land-185000712.html
- https://www.reuters.com/markets/currencies/virtual-real-estate-plot-sells-record-24-million-2021-11-23/+
- https://www.coingecko.com/en/coins/sui
- https://www.coindesk.com/business/2023/09/04/crypto-casino-stake-targeted-in-reported-40m-exploit/
- https://koinly.io/blog/crypto-gambling-tax/
- https://www.nbcnews.com/tech/crypto/crypto-casinos-bitcoin-opened-new-online-gambling-world-rcna23062
- https://www.coinbase.com/learn/crypto-basics/understanding-crypto-taxes
- https://www.marketwatch.com/story/why-meme-coins-are-trending-again-52be1289
- https://www.chainalysis.com/blog/2022-crypto-scam-revenue/
- https://www.kaspersky.com/resource-center/definitions/cryptocurrency-scams
- https://www.coindesk.com/learn/how-to-spot-crypto-pump-and-dump-schemes/
- https://coinmarketcap.com/academy/glossary/rug-pull
- https://decrypt.co/155738/hacker-steals-690000-after-hijacking-vitalik-buterin-x-account
- https://dappradar.com/blog/explained-axie-infinity-slp-and-axs-tokens
FAQs
Which gambling token is best?
Gambling tokens that offer revenue share, like one of the telegram gambling tokens Mega Dice Casino, or Solcasino SCS token may be considered one of the best because you can earn rewards even without gambling.
Are gambling tokens safe?
Gambling tokens are just like any other cryptocurrency. They are susceptible to market volatility, hacks, scams and bugs. If do your due diligence and use a hardware wallet to store your tokens, your gambling tokens will be safe.
What’s the best place to buy gambling tokens?
The best place to buy gambling tokens is either on a centralized exchange like Coinbase and Kraken, on a decentralized exchange like Uniswap, or directly from the gambling website.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
