TG.Casino, an upcoming crypto casino powered by Telegram, is elated to announce its ongoing presale has surpassed the $500,000 mark nearly a month after launch.
According to the team, the token presale has seen significant investor traction and is soon approaching the $1 million soft cap mark. At the time of writing, the platform had sold over $690k tokens abbreviated as $TGC, the TG.Casino Token is currently available to purchase for $0.125.
$TGC is an ERC-20 token designed for the TG.Casino ecosystem. There are a total of $100 million TGC tokens, with 40 million being allocated for the presale. For the presale, the team has set the minimum purchase at 100 tokens. Note, that the presale will be open until the hard cap is reached which has been set at $5 million.
Since 2017, the crypto casino market has proliferated, and the latest figures show the crypto casino market is now valued at $250 Million. Seeking to become more than just a casino platform, TG.Casino is creating an ecosystem that gives back to its players through constant rewards. The Casino hopes to leverage its native token, $TGC to help achieve this vision.
Holders of the token will enjoy numerous benefits, including being able to generate staking rewards and earn a share of casino profits through the buyback feature once it is launched—notably, the TG.Casino staking mechanism currently has an APY of over 737%. The mechanism also allows token buyers to add their $TGC tokens to the staking pool and generate an APY. This means that the buyer will continue to accrue tokens as the presale continues. Eventually, the APY will reduce as the team locks more tokens into pools.
In addition, buyers who choose to stake their tokens at this early stage will get the opportunity to share in daily profits once the casino is up and running. The profit sharing will be done through a buyback system, allowing token holders to earn more. Reportedly, the buyback mechanism takes a step further to add a burn mechanism that will see 40% of the buyback tokens taken out of the supply.
What sets TG.Casino, apart from other crypto casinos, is its integration of Telegram to its design. The casino plans to utilize powerful Telegram bots to offer users an enhanced customer experience. These bots will make it easier for players to enjoy the various games and gambling opportunities.
TG.Casino users will enjoy instant registration free from the KYC process. However, the casino will recognize users’ phone numbers as unique references to each player through telegram.