Tg casino crypto

New cryptocurrency ICO TG.Casino ($TGC) is trending amongst GambleFi investors and has raised $1.25 million in its presale in just over 3 weeks.

The token powers the TG.Casino platform - a new crypto casino and gambling platform which offers all its services on the Telegram messaging app, without the need for KYC verification.

This decentralized approach in the GambleFi space is creating strong hype, with even smart money traders and crypto whales backing the token’s price potential.

However, the recent $40 million hack on Stake - another popular crypto casino - has created doubts in the minds of investors regarding the safety and security of online crypto gambling sites. In this article, we dive into the TG.Casino project and answer whether it is a scam or indeed legitimate, while also sharing the results of its recent security audit. 

TG.Casino Crypto ICO Background

Some experts believe that the new crypto bull run will likely start by the end of 2023 and will accelerate after the upcoming Bitcoin halving. Every bull run sees the emergence of a new niche in the crypto market, just as the last cycle saw the meteoric rise of meme coins such as Dogecoin and Shiba Inu.

Popular traders such as @CryptoGodJohn believe that GambleFi could be one of the top-performing asset classes during the next crypto bull market. Data from Dune Analytics also highlights that the number of GambleFi users is surging, while tokens like Rollbit Coin (RLB) have outperforming the market, indicating the sector's growing popularity.

In a similar vein, the native TG.Casino crypto is experiencing a robust demand. The admin of the Crypto Whale Pumps group on Telegram recently swapped 10 ETH for $TGC in the presale itself, an investment worth nearly $16k at today’s price. This crypto whale has over 25k subscribers on his Telegram, many of whom are also purchasing the TG.Casino token.

Consequently, the TG.Casino presale has quickly sold out its first stage, and the second stage is set to complete in either 2 days or when $TGC raises $2.5 million, whichever happens first.

TG.Casino is already rated a top online gambling site on comparison sites like Bitcoincasinos and provides access to hundreds of games and sports books - including the NBA, NFL, MLB and UFC. Furthermore, players can compete with each other in live casino events, where they can also enjoy 500 free spins and a 150% bonus - up to $30k.  

While the platform accepts a wide range of cryptocurrencies such as Bitcoin, XRP and Dogecoin, the use of $TGC token will grant exclusive perks to players - they will earn a 25% cashback on all losses for betting with the token, while some games will only be accessible with $TGC.

All these services are available on Telegram, without the need to download any additional software. TG.Casino has also created its own multi-purpose bot using Telegram’s Bot API, which handles the game mechanics while also serving as the primary user interface, assisting players as and when they need it.

Is TG.Casino A Scam Or Legitimate - Audit Results

The concept of crypto casinos and gambling platforms started to gain steam after users became doubtful about the safety and fairness of traditional online gambling sites. After all, the use of blockchain technology offers decentralization, transparency and immutability - all characteristics important for the security of a gambling platform. 

The TG.Casino project has taken strong steps to offer additional layers of security. Firstly, the use of Telegram at its foundation means that players are protected by end-to-end encryption, which not only protects data from hackers but also offers privacy. 

Furthermore, the TG.Casino smart contract has recently been audited by Coinsult. The audit revealed no high-risk vulnerabilities and also highlighted that the owner of the contract cannot engage in malicious activities such as minting new tokens, blacklisting certain addresses or pausing the contract.

TG.Casino also offers its own on-chain staking mechanism, which allows retail investors to generate passive income. A portion of the profits from the crypto casino will be used to buy back $TGC in the open market, 40% of which will be burned and the remaining 60% will be distributed as staking rewards.

Currently, the $TGC staking pool is offering an APY of approximately 400%. This feature will incentivize investors to hold their tokens for longer periods, protecting them from any pump-and-dump price action. 

TG.Casino Curacao License

The platform has also been licensed by the Gaming Curacao (GC) agency - with the license publicly available on the TG.Casino website. 

TG.Casino has also found its way on the pages of notable crypto publications such as Coingape, Coinspeaker, Cryptonaute, Coincierge, Finbold, FXStreet, ZyCrypto and others.

Popular crypto traders with thousands of subscribers such as Crypto Zeus and Cilinix Crypto are also bullish on the token, with the latter predicting $TGC to display a 10x bull rally after its launch.

We consider TG.Casino legit and have added it to our database of ICOs - view our TG.Casino ICO page here.

Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.