Today, basic technical knowledge is often enough to launch a new cryptocurrency. The industry is so oversaturated that most projects hardly even reach full launch and listing. Nevertheless, some startups still manage to gain popularity and achieve rapid billion-dollar revenue growth.
Casino Market explains how highly volatile digital assets are affecting the iGaming sector and whether they can eventually compete with other cryptos. Our team provides consultations on launching blockchain, fiat, and hybrid gambling platforms.
Industry Hype Around Unpredictable Tokens
New decentralised solutions with ironic social media narratives that quickly captured attention are usually grouped under the general term “meme coins.” This name stems from the fact that most of them reference popular internet jokes and cultural trends.
Some of the most famous crypto tokens in recent years include:
- Bonk;
- Pepe;
- Wojak;
- Mooncoin;
- Floki (FLOKI);
- Shiba Inu (SHIB);
- Dogecoin (DOGE), etc.
Multiple meme items have reached such recognition and liquidity that they are now accepted in online casinos. Usually, these assets go alongside classic blockchain currencies such as BTC and ETH.
At the next stage of market development, leading crypto providers went further and began creating unique coins for financial transactions within their platforms only. These initiatives are already moving beyond the original concept of frivolous means without fundamental value. With the right approach, such tokens may become a real alternative to traditional casino payment services.
Practical Application of Meme Assets in iGaming
If a coin is not associated with a full-fledged digital project, it loses in price from the earliest stages of its launch. Even over the life cycle of these items, value can fluctuate widely.
Given the exchange rate’s instability, working with such products often feels like double gambling, with its unpredictable outcomes. Platform owners have learned to use this peculiarity to their advantage.
In the iGaming sector, highly volatile tokens are applied in several ways:
- Traditional financial processes. Large meme assets, such as Dogecoin, with a market capitalisation of approximately $26 billion, can serve as a common transaction option. They have been in the industry for quite some time and already belong to the relatively stable and safe category.
- Internal company tasks. Social and regular casinos often face oversight restrictions on processing bets and payouts. Meme items are an intermediate instrument: the customer deposits funds and receives tokens to participate in sessions, while winnings are awarded in the same currency. These coins can be used for subsequent rounds or converted into fiat at the operator’s rate.
- Bonus programs. Studios issue unique assets or invest in 3rd-party projects as an alternative to traditional prizes. They award tournament, rating, and promo leaders, encourage regular visitors, provide VIPs with exclusive items, etc. Such scenarios require minimal investment and pose little risk. Players consider receiving these cryptos as a badge of honour, which helps form loyalty.
The Main Things About Meme Coins in Online Gambling
Highly volatile tokens were initially positioned as a digital joke, but quickly found hands-on applications in the iGaming segment.
Entrepreneurs who implement these means in their portals obtain the following benefits:
- increased engagement among younger punters;
- safe operation in various directions, including social gambling;
- exclusive bonuses and personalised rewards with minimal initial investment.
If you would like to learn more about this topic, feel free to contact our managers. We can also help you smoothly launch a successful crypto casino in record time.
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