Bitcoin Forum

Fun token is the only casino based token that ranks high among the token-based casino right now it now ranks

Fun Token Rank #349 (https://coinmarketcap.com/currencies/funtoken/)

but new casinos with their own token are coming up like Betfury's BFG and Owl.game OWLDAO and many more coming is there a possibility of a breakthrough like Fun Token or other casino based token breaking into the top 100 will start a new trend in the casino industry, every casino will create their own token and will we have Token Based Casino section like NFT and Metaverse in Coinmarketcap or Coingecko.

Its been a while that casinos were releasing their own token, it is fun to become partly owner of a casino that let you earn from the casino profit. Its not always the case for casino owner to do these though, most of them are profit driven and not share.

FUN is listed on many exchanges which is good though its price is no mooning. For BFG, Its a wonder why not listed on different exchanges. I saw they are doing signature campaign again in the forum so I was thinking whether its a sign that they continue to earn which they can pay promoters or they are struggling to get clients?

If it's profitable for a casino to have its own token then it's possible, these casino-based tokens are still in an experimental phase, BFG so far is succeeding but it's still a long way for BFG token to reach the top 100 but it's on their goal and roadmap, they are exhausting every means to attract more players and investors, if ever BFG token and Owldao reach the top, they will be the model of casinos that are planning to launch their own token, only time can tell.

Fun tokens, BFG tokens and OWL tokens can compete with each other because I see those three types of tokens have a chance to be big in the future but with a note that all developers continue to work on developing those tokens. Maybe Fun tokens have a greater chance to rise to a better position because they have run earlier than other tokens. But if the BFG token and OWL token developers can grow, the two tokens can also follow the Fun token. When viewed from the features, these three types of tokens have almost the same function so that these three types of tokens can attract more investors.

Things will be different or there's a chance for market acceptance if Stake.com and Fortunejack two of the leading online casino in the industry decided to launch their own token.
Betfury is still struggling with its own token and so are the others but the casino industry is a billion-dollar industry and new innovation is being introduced, where the profit is, expect developers to be at it if these tokens generate supports from investors and players we can have Token-Based Casino In Market Aggregator.

I wonder why there are no available tags yet especially on the "Categories" section on Coingecko and Coinmarketcap for gambling or casino?

I think they will be more popular in this field and may exceed our expectations but in order to do that they might need to do more research especially on how it will have utility in their platform. I don't doubt they may hire the best considering they are the likes of the whales in the crypto casino industry.

I would consider these tokens as not just tokens but also an alternate crypto currency as well since they are quite volatile in the market making their value go up and down quite a lot therefore it would be like holding your own little share in the casino.
But for me personally I do not prefer Altcoins a lot neither tokens as well therefore I usually like to stay with casinos with options with Bitcoins are more varied and have more options as well which inturn makes it better for the holders.

Definitely!
If stake gets its own token am preety sure its value would rise drastically as well since there are things that you cannot find anywhere but on stake and most casinos do limit their services in certain countries but I never had a problem using stake as well.

That idea has been there since the ICO days. But I don't think that most casinos really have to launch their own tokens, maybe only inside their platforms which don't share the common reasons why other casinos are releasing their own tokens and it's due to funding reasons.
Big casinos, I don't think that they'll ever need to have one.

FUN token is doing good for one reason.... and that is Freebitco.in <==== They are one of the Crypto casinos with the most users and the longest good reputation in the Crypto industry. The FUN token are also used on other casinos, so it has good utility ..and that is the big secret to it's success.

So, if another token can get a lot of utility ...they might get the same success as the Top tokens. The tokens that are not making it.... are the one with a single use.  ;)

Totally depends because not everytime you would automatically presume out that other gambling token based coins had risen up and so do into others as well because it would always matter on the demand as we all know.

But its not bad to consider out on making out some investment with these coins.Consider on the list on adding RLB which is rollbit token based too which we know that this casino is quite popular and known
into this market which it isnt really bad to make out some investment if you do really look for these coins to be worth.So its a personal kind of choice.

The possibility is always there. The hype and the build-up trend will depend on how their users will react. Same as how the usual altcoins behave, self-established gambling tokens should also come with a hype. Since these gambling tokens do have use-case, what remains is, how that gambling site will put effort to market their respective coins.

The system is not new after all. The challenge is how to build up that token's name in the market. It took a while for the FUN token to be popular even though Freebitco is already popular. A hype is really needed aside from the token developers being popular.

As far as I can remember there was one before: Bitdice's CSNO but it didn't went very well. To be exact there was an accusations against them here. (https://bitcointalk.org/index.php?topic=5224823.0/)

So this is not the first time that we heared about casino based token, but I'm not sure how viable or successful it will be. Hopefully, they will as we all know that if they can offer their own tokens for gamblers, then maybe it will gain some attention.

FUN token work their way until got listed on several exchanges. Not just for gambling purposes but it also attracts real traders.

They successfully managed to build a real coin volume over time although no established moon price yet since its inception.

For sure, there will be other token-based casinos that will emerge someday in coin rankings.


I don't know how many token-based casinos are currently roaming the crypto market but maybe because only a few that's why it doesn't need a separate category?

Not sure about it though.

It's true about owl.

I've seen that from don't have much volume, it's starting to get up. There is really the moment that many casinos might do the same thing as they look at the success of other casinos that have their own tokens.

They might be encouraged and use that as an inspiration if they see that others have been picking up and starting to see the success within it.

I think I found something both in coinmarketcap and coingecko.
- https://coinmarketcap.com/view/gambling/
- https://www.coingecko.com/en/categories/gambling

As you can see, FUN token is the most popular casino-based token, which is not surprising for a gambling site that has been there for so long. The tokens below it appear to be somewhat obscure, and most of them seemed to me to be dead tokens owing to a lack of information and perhaps volume? The tokens that we know exist on bitcointalk aren't listed either.

So if these section does exist? Why most of the gambling site we know that have their tokens don't bother listing to coingecko or coinmarketcap?

Here are list of these casino that has its own token which holders has to stake to receive dividends.

CRYPTO CASINOS WITH STAKING FEATURE (THEIR OWN TOKEN) (https://bitcointalk.org/index.php?topic=5353217.0)


I think OWL should be added in that list. Many of us here have known BFG because it did a signature campaign in the forum making the participants holders of their token. But before them there is also Earnbet.io (formerly EOSbet) and Bethash.io which has same idea of doing things.  

I think they could belong to a staking coins category not Gambling or Casino.

That thread was created last year already 8 months ago, of all the casino based token BFG, Fun, and Owl shows potential in the market and will be the frontline of this concept, I have a BFG token and Owl token and the price is very competitive and staking is also good if you're holding a huge amount.
These two tokens can be in both categories, casino and staking because of their nature and who owns them I'm hoping that casinos-based tokens will be the next big thing, it's a multi-billion dollar industry and there's always room for new concepts.

Not totally a crypto casino but a bitcoin faucet. It started with a faucet but eventually they added some games. Fun token is a gaming token and they have also partnered with different gambling sites but I am not familiar of those sites except freebitco.

There are millions of registered users in freebitco but most of these numbers are not legit but they are just bots and multi accounts only to abuse the faucet. I think the reason why fun token can be used on other casinos is because it is an independent token. It was not owned by a specific gambling company unlike to bfg and owl tokens which was owned by betfury and owlgames.

Freebitco.in Is a site able to innovate and offer a Wide range of opportunity for gamblers for newbie or ... People that want stake their btc and receive a Daily interest.
It Is really impressive they have launched their token since many more have failed in the past and we have seen enough scam with ICO of casino tokens or their management (likewise infinite supply).

Now online casino/gambling sites are smart, from 5-10 years ago, they know Bitcoin as the best alternative to go ahead and have profit for them, next best option is for them to create their own token.

Indeed, lately many gambling sites have created tokens to increase their profits from selling and trading in the crypto market, I believe that in the next few years all crypto based gambling sites will have their own tokens to make it easier for members to play and easily give bonuses, for those in the form of tokens who want to bet.

more casinos are going to release tokens mainly to get more profit from gamblers and acquire BTC through these tokens. hope Stake.com will also do the same and share profit with the token holders.

sportsbet token still is less than the amount i was expecting, i was hoping for its price to really go up because it's where we use to bet.

I've never really understood the business model of the crypto casinos,that have their own tokens.
They create and keep "mining" their own token,but they get actual cryptocurrencies in exchange for their token(not by trading it,but rather giving it away to the active gamblers).
The token is supposed to have some market value,but nobody is actually buying it,because such tokens aren't listed on crypto exchanges.Demand is what creates market value and there's no real demand for these casino tokens.This seems kinda weird to me.
Anyway,let's see how this "casino token" experiment will keep running in the upcoming years.

I think that the problem with a lot of these token based casinos is that the tokens only exist to benefit the people running the site.

A lot of the times, the company starts out well but then slowly regress into its infancy as they ICO, and then just take the money and run.

E.g. BitDice springs to mind - its CSNO token holders are now left in the dark. It's really a shame because they used to be a fun place to play at.

^ For a new gambling casino which is gamblers did not trust to hold their token because this is what they are thinking, it is hard to put a trust not like if you are already trusted gambling casino and you have switched to tokenized gambling casino and one of my examples is the Freebitco.in which is the FUN token was added but they already gained trust to the community. Token-based casinos are not really safe on us, that could probably easy for them to trick us and run away with our other cryptocurrency in exchange for their fancy token.

Not in the case of the two tokens I'm holding, BFG and OWLDAO tokens, with their tokens they are sharing a percentage of the profit they are generating and that is why they have full support of the community, I will support casinos with their own token provided they have a good roadmap, their casino is reputable and they are competitive, their token is useless if they are not competitive and they cannot keep from what their supporters needs.

Betfury(BFG) tokens was released last year while FUN tokens was introduced 2017-2018 with huge fund from there ICO. FUN tokens managed to list already on top tier exchange before it was acquired by Freebitcoi.in last year. So comparing the 2 tokens with different time table on when they are established and listed on major exchange is not right. BFG has a lot of potential to grow more due to there a lot of potential listing on big CEX. You should start accumulating this token while its cheap before it will list on huge CEX like Binance.

In the end, Bitdice turned out to be a scam, but they are not the only ones who did it, Betking did something similar, and there were others!
I would not compare these two with Betfury, unlike the above Betfury didn't have a BFG sale, we could only earn it by playing on the site!

Well, we shouldn't invest too much in something new and untested, the risk can be pretty big! There are always some scams around, at least we should know that, some of us have seen too many of them, and some were pretty sophisticated! But there are good examples around, like Betfury and Freebitcoin! OWLDao is still young, but I think we can say that they have a good start, they entered very seriously, and looks like they are here to stay and develop even more!

There's nothing wrong for a casino which created their own token as long as they don't scam, the price and volume will depends on the casino itself. The main reason why they created their own token to maximize their profit and they can give a reward/bonus without pay anything (the token created out of thin air). If the casino turned to be scam, the token will definitely follow the same path and this is another risk of holding useless token. I'd call it useless because there's no real usage except for the casino only.

there are already some of these scam casino that also has tokens for dividends of the stakers, many of them were created in the TRX blockchain. majority are not coming here in the forum just like the developers in Thundercore blockchain.

anyone for the shill and laugh?

https://rumble.com/vxtyw5-casino-promotion-video-just-for-laugh.html

Unfortunately, most scam casinos are taking it as an opportunity to scam more players. There are number of casino sites that created their own token and ended up fooling their users and investors. That's the reason why more players are avoiding sites that has this kind of promotion. People behind casino sites with their own tokens are just taking advantage of it.

I agree I'm on two of these casino based tokens they've created their own token and tried to imitate the success of BETFURY but unfortunately, they lack promotion, consistency, and features to attract gamblers to play in their casino, it's very attractive for gamblers to invest in casino with their tokens but not all casinos have admins that are dedicated and with skills to advance their casinos.

@op
Freebitco has been around for a very long time, Infact, I think it's the oldest casino listed on this forum, though they had no token when they started, but now, they have their own token call fun, and I think fun token price is majorly based on the fact they have been around for a very long time so they've won some level of trust from their investors.
I see no significant use case for fun tokens, if only the team behind the project can create some really nice use case for fun tokens, I personally think that the token would have made its way to the front page of coinmarketcap, that's top 100, but even at this, I don't think this can cause any kind of significant wave of casino tokens that will trigger a trend that will cause coinmarketcap to make a section for casino tokens.

There may be era for this. But considering the recent condition, only few casinos that are interested in creating their token based. Most of them focus more on developing their gambling platforms, games, promotions, and other elements.
 creating their own token may be easy,but developing ang  managing it are complicated.

btw related to BFG, I agree with some members above.Why they don't list their BFG in higher exchange again? whereas they ever did signature payment with BTC.

We need a sort of breakthrough to create a trend, FunToken is already there for a long time, Betfury and other casino based tokens are on their establishing stage if one of these tokens reaches the top 50 that might trigger the trend, anything and everything is possible in this technology and everything is a work in progress and its the community who will decide at the end of the day.

Well, I think they did create exclusive uses for FUN token, as we can see at freebitco.in site. They created the premium program which gives benefits and bonus to FUN holders inside the platform, besides the staking FUN program. They made FUN interesting for gamblers, faucet users and also for investors. That looks great for me and very innovative if compared to thousands of altcoins disponible on the market which offers nothing to adopters. There is potential to reach the top 100 rank futurely for FUN. The team just need to advertise more the premium program to investors, following the steps platforms like NEXO, Celsius and Blockfi did (since they also have native tokens ranking pretty good).

It is no surprise that FUN tokens have been listed on the exchange because they were launched sometime. OWL token and BFG token will follow the FUN token listed on the exchange, but it still needs time to see that. Both tokens, the OWL token and BFG token have the possibility to get more investors as the project is still going on and running and offers benefits to the investors.

Perhaps, we will see more new casinos have their own token and offer more benefits to their investors and members, and that will be more competition between the casinos to be the best casinos in the future.

I don't know whether there will still be a boom for this because these things are not new anymore but some casinos are already doing this before. There may be newer casinos that venture the same thing but the number of them is still less, I don't know what's stopping other casinos to do the same thing but maybe they are already contented on what they have or on what they are currently earning?

And like you said there are more important things to focus on. That's the main thing that can drive users in the site, not the tokens, tokens are just an accessory and we already have tons of tokens in the market, casino owners don't want to add more.

I have been seeing some new casinos and they are taking advantage of their tokenization, I don't know if at the time they wanted to copy the business model that Betfury has, but this has given a lot to talk about, in the order of things Betfury kept launching the BFG token to an Exchange until the last, however in a recent casino that I have reviewed this week it already has the token launched by Bitmart, and they are listing it, sometimes they can copy certain models but in this case each one handle the market how you think things look best.