Top Telegram licensed casino TG.Casino’s $TGC coin debuted on Uniswap today and has risen 50% in its first 20 minutes of trading, trending at No.1 on popular trading site Dextools.
Trading volume soared past $3 million within minutes of launching as buyers pile into a coin that promises to bet the next big thing in GambleFi, following the success of Rollbit.
Impressively, the team has moved fast and efficiently, because the coin is already live on top crypto data and listings site Coinmarketcap, as you see here: https://coinmarketcap.com/currencies/tg-casino/
GambleFi is currently one of the hottest sectors in crypto, targeting as it does an insatiable appetite for wagering. TG.Casino is attacking this market by harnessing the ease-of-use of Telegram and the transparency and trust of crypto decentralized networks.
$TGC launched on the decentralized exchange at 6pm UTC (7pm CET / 1pm EST / 10am PST) and can be bought on Uniswap or on trading sites such as Dextools.
The token contract is 0x85aa97537837514a9229fcaeb66eeef7242122bf.
TG.Casino token listed at $0.1886 after having sold in presale for $0.16. Forty percent of the total supply of 100m tokens was made available to early-bird investors participating in the presale.
Investors snapped up $TGC in presale, raising $5,000,000 for the project. Unlike most presales, however, TG.Casino began its fundraising with a product already up and running.
Already the casino has blasted past the $100m wagering milestone – a target it had not expected to reach until March.
$TGC finally launching in just under 2 hours.
I posted this on my friend tech at early presale stage & the numbers have since skyrocketed with over $100m wagered pre-launch.
One of the nicest & easiest to use casinos, could see this doing well mid/long term. Look out for dips. https://t.co/ZMfdd0xyFN
— Eric Cryptoman (@EricCryptoman) January 4, 2024
The TGC/WETH trading pair has $1.2 million liquidity, of which 98% is locked for 12 months. With such a strong commitment from the team, there is no need for buyers to worry about rug pulls. Far from it – the smart contract is audited by blockchain security firm Coinsult. No major audit issues have been found.
With liquidity now added to the on DEXtools (viewable here), the TG.Casino have bolstered optimism for the year ahead with a 12-month liquidity lock guarantee.
$TGC has a market cap of $22.7 million and is currently priced at $0.27. As trading volume floods into the pair, impatient profit-takers are already likely regretting their decision.
It is early days but the price action is off to a solid start, establishing an ascending trendline on the 1-minute chart.
TG.Casino’s Buyback, Staking and Burn Helps Price Reach For The Sky
A percentage of casino profits are used to provide passive income through staking, alongside a novel burn mechanism which acts to lower the $TGC token circulating supply. By increasing scarctiy by burning, the value of the remaining tokens is enhanced.
Top analysts are predicting that the $TGC token DEX launch could trigger a sensational pump due to a confluence of tokenomic factors that have heightened market excitement.
Popular YouTube channel Cilinix Crypto sees 10x gains ahead for TG.Casino.
Meanwhile YouTube channel Crypto VO with 314k subscribers spotted the opportunity, informing its audience of switched-on crypto traders that TG.Casino could be the next 100x return on investment.
How $TGC staking provide price buoyancy… and strong passive income
A key factor in this is the large number of $TGC currently locked in staking, with 73.33% of $TGC supply staked for an attractive 130.43% APY – reducing the overhead risk of a sudden sell-off dump at launch.
This provides early traders with the opportunity to accrue serious immediate gains, with trading launching against a tiny 10% circulating supply – tokenomic conditions that could fuel a strong price move later today.
There are 10-days until any scheduled unlocks begin.
Is TG.Casino the next Rollbit?
And this is without considering the long-term growth potential of the most exciting GambleFi token launch of 2024, due to the rising interest in crypto casinos, which has seen GambleFi token defy bear market conditions to accelerate up to $700m individual market caps (RLB).
This increase is also spotlighted by surging participation across the market, which according to Dune, has seen Cumulative Unique Users of Ethereum-based GambleFi platforms soar from 5,000 at the start of the year to 70,000 by December 2023.
Indeed, Q3-Q4 2023 saw an explosion of interest in the GambleFi vertical, with comparable leading Gambling token Rollbit (RLB) surging +5,343% YTD.
While second-largest, FUNtoken (FUN) posted a +160% intra-day pump in December, as traders rushed into the promise of GambleFi specific layer-2 scaling for Web3.
Amid a 32.6% surge in trading volume across the GambleFi sector, traders are clearly gravitating to the market potential in GambleFi in anticipation of moonshot price action in 2024.
$TGC is well-positioned as the early-entry opportunity for GambleFi FOMO in the coming months.
Why not checkout the casino for yourself on Telegram by joining the group at TG Casino Telegram where there are 8,399 members. There are also nearly 20,0000 followers of the X (formerly Twitter), where you can also stay abreast of the latest project developments like how much the latest big winners on the casino have bagged.
And it is not just the crypto competitors such as Rollbit that need to watch out. The legacy gambling space will also be worried by such a nimble and attractive challenger as TG.Casino.
Buy $TGC today and enjoy not only the prospect of enticing capital appreciation but a share of the profits too.
Read the full article here
