If you already know the basics of cryptocurrency gambling tokens and want to focus directly on how to find the best cryptocurrency gambling coins, you should use Moralis Money’s token explorer right away!
As you can see in the GIF animation above, this best on-chain analysis tool allows you to apply your own search metrics or choose a predefined strategy. Basically, you can always find the best gambling cryptocurrency or any other alternative with potential in just a few clicks. You can learn more about how to get started with Token Explorer in the “How to Find the Best Crypto Gambling Coins” section below.
On the other hand, this may be your first time hearing about “gambling crypto tokens.” If so, you’ll want to quickly learn the basics before going any further. So please follow the outline of this article from top to bottom.
Going forward, we will first explain what cryptocurrency gambling is and then address some common questions related to this activity. We will then focus on cryptocurrency gambling tokens and explain what they are and what their role is.
After covering these sections and subsections, you will also learn how to easily find the best cryptocurrency gambling tokens, or any other altcoin opportunities for that matter!
What is cryptocurrency gambling?
In the broadest sense, cryptocurrency gambling refers to any type of gambling activity that involves cryptocurrency in any way. Therefore, for inexperienced traders, trading cryptocurrency assets, especially with higher leverage, is also considered cryptocurrency gambling.
However, when discussing cryptocurrency gambling, we are usually referring to playing “online chance” or “sports/events” betting games through websites/platforms that support cryptocurrency.
For example, if a traditional online gambling website allows users to deposit/withdraw cryptocurrency and play games using it, it usually already qualifies as a cryptocurrency gambling project.
Cryptocurrency gambling typically involves projects that use blockchain technology to make gaming more transparent and decentralized. Moreover, in many cases these types of projects have their own cryptocurrency, known as a cryptocurrency gambling token. There is also an umbrella term for cryptocurrency gambling projects with an appropriate level of decentralization: GambleFi.
Therefore, centralized or decentralized cryptocurrency gambling is usually carried out through cryptocurrency casinos or cryptocurrency betting platforms, dapps (decentralized applications), or Telegram bots.
Representative cryptocurrency gambling projects include Rollbit, Bazed, and BetSwirl.
Can I legally gamble with cryptocurrency?
Whether you can legally gamble using cryptocurrency depends on several factors. First of all, cryptocurrency regulations and laws are still very unclear in most countries. Some parts of the world have taken an extreme approach and banned them outright, while others still have no laws regarding cryptocurrencies.
So, to answer the questions above, you need to know what laws apply in your area. Basically, from a legal standpoint, to be licensed, your state/country must allow online gambling as well as cryptocurrency.
However, there is another factor to consider when it comes to cryptocurrency casinos. What kind of platform will you use? After all, if you want to conduct truly decentralized cryptocurrency gambling, it’s basically impossible for anyone to know about it.
Additionally, you can always explore the option of using a VPN, depending on your willingness to circumvent the rules. After all, if something is available online and you have access to the Internet, you almost always have a good option to exercise your preference.
Why not use cryptocurrency tokens for gambling and stick to traditional casinos?
Legal hurdles aside, it all ultimately comes down to your personal preference. For example, if you enjoy visiting real casinos, cryptocurrency casinos are not for you. However, if you already enjoy online casinos, it may be worth exploring the path of decentralized cryptocurrency gambling.
In the end, this route has some clear advantages. Of course, it is also worth pointing out that not all cryptocurrency gambling/betting projects are properly decentralized. In some cases, the only advantage is that you can deposit/withdraw popular cryptocurrencies such as BTC, ETC, LTC and some popular stablecoins (such as USDT or USDC).
However, for “more serious” cryptocurrency gambling platforms, you can still manage your cryptocurrency assets. These platforms allow you to connect your Web3 wallet, BetSwirl is one example.
Other benefits include increased transparency, faster transactions, and the use of verifiable randomness. Moreover, there is often some type of incentive associated with the use of cryptocurrency gambling tokens.
Overall, if you already enjoy online gambling, decentralized cryptocurrency gambling is worth a try. And as a bonus, you may end up owning the best cryptocurrency gambling coins, and their prices may increase to earn you extra profits.
What are cryptocurrency gambling tokens?
Cryptocurrency gambling tokens are the underlying cryptocurrency for cryptocurrency gambling projects.
Most, if not all, projects that incorporate blockchain technology typically launch their own cryptocurrency. These digital assets are known as crypto tokens or coins. In most cases, these are fungible tokens on Ethereum or other blockchain networks.
Earlier we mentioned Rollbit, Bazed, and BetSwirl as examples of cryptocurrency gambling projects. And they all have their own unique gambling crypto tokens. Rollbit has $RLB, Bazed has $BAZED, and BetSwirl has $BETS. Of course, these are just a few popular examples and there are many other cryptocurrency gambling tokens.
Moreover, these tokens have different roles (which we will cover below). However, the “best cryptocurrency gambling coin” title usually applies to gambling crypto tokens that experience the greatest increase in value. As of 2023, the title has moved to $RLB, increasing its price by over 800%.
The Role of Cryptocurrency Gambling Tokens in Web3 Gambling
As previously pointed out, the role of gambling crypto tokens varies from project to project. In some cases, even the best cryptocurrency gambling coins can be used primarily to attract capital to finance project/platform development.
However, the best gambling cryptocurrencies often offer one or several of the following use cases:
- offering compensation.
- Granting access Applicable to special games, tournaments, features, etc. if users have enough token instances.
- grant Discount or additional bonus For users with larger token bags.
- Some do the following: betting fundsBasically, it takes the place of casino chips.
- staking Opportunity to earn money.
- suffrage If the platform provides decentralized governance.
How to Find the Best Cryptocurrency Gambling Coins
We already said that Moralis Money is the key to finding the best cryptocurrency gambling coins. But what’s even more valuable is that this powerful tool allows you to find tokens that could be the best gambling cryptocurrencies yet.
After all, Moralis Money allows you to check out cryptocurrencies the moment they are released. And you can do so on all major chains, including Ethereum, Polygon, BNB Smart Chain, Fantom, Arbitrum, and more. Simply visit the “Live New Coins” page where you can easily switch between supported networks.
Another great way to discover the best cryptocurrency gambling coins is to subscribe to Altcoin Advantage. That way, you will receive news about new cryptocurrency coins gaining attention. This includes all types of altcoins, including cryptocurrency gambling coins. Basically, this best free newsletter allows you to stay ahead of the game in cryptocurrency and get free trading insights.
Token Explorer – Your ticket to finding the best cryptocurrency gambling coins
But by far the best benefit awaits you in the form of: token explorer. This is a key feature of Moralis Money that allows you to apply predefined or unique strategies. This allows the tool to look at real-time on-chain metrics and respond with a dynamic list of altcoin opportunities. And if there are any notable gambling cryptocurrency tokens, they will be included in that list.
again, Coin era The metrics allow you to see which tokens have just been activated. So you can discover opportunities that have the potential to become the best cryptocurrency gambling coins.
For example, many Moralis Money users, especially those on the Starter or Pro plans, have noticed that $RLB is starting to gain momentum.
So how exactly can you use Moralis Money to search for the next coin to explode? Use the following subsections to start your journey of finding the best gambling cryptocurrencies and other types of altcoins.
Find the best gambling cryptocurrency coins and other altcoin opportunities today
First, make sure you have accessed the token explorer page. There are a variety of paths you can take to use this tool, including the interactive widget below. However, using the “Explore Coins” menu option and then selecting “Token Explorer” will do the trick.
On the Token Explorer page, you have two options: You can choose one of the predefined strategies or apply your own.
To use a predefined strategy, simply select one of the available options:
Predefined strategies are a great starting point. However, since it is available to all Moralis Money users, it does not provide the ultimate benefit. So your goal is to apply a unique combination of search metrics.
To do this, you can start from scratch, as shown in the animation below. Alternatively, you can use one of the predefined strategies as a starting point. In this case, you can adjust existing parameters and add filters. Just choosing a lower term can give you the advantage you need to find one of the next generation cryptocurrency gambling tokens.
Note: We recommend choosing the Starter or Pro plan to access all of the lower terms.
The above animation is enough to help you use the Token Explorer. In the end, this tool is very intuitive and easy to use.
However, if you want to learn more about Moralis Money’s features and Token Explorer metrics, check out our full guide on how to find tokens before pumping them.
Summary: What are cryptocurrency gambling tokens and how to find gambling coins?
- Cryptocurrency gambling generally refers to any gambling activity involving cryptocurrency or blockchain technology.
- Cryptocurrency gambling tokens are cryptocurrencies released by cryptocurrency gambling projects.
- The best cryptocurrency gambling coins usually have several practical use cases.
- To find the best gambling cryptocurrency, you need to explore gambling cryptocurrencies at an early stage. In the end, the best cryptocurrency gambling coins are usually the ones that offer the biggest profits.
- Moralis Money’s Token Explorer is the best tool for finding cryptocurrency gambling tokens and other altcoin opportunities.
- Use the interactive widget above or access the Token Explorer page to start implementing predefined or unique strategies today!
If you enjoy gambling, you likely also like trading altcoins. However, it is best to approach this venture with an investment/trading mindset rather than a gambler. In the end, you can make a lot of money with altcoins if you take calculated risks and properly research tokens before purchasing them.
When researching altcoins, Moralis Money’s token page is a useful tool. So, whenever you run the Token Explorer strategy, you will access the Tokens page for the candidates in your dynamic list.