The 5 Best Gambling Tokens to buy in 2024

Whether you’re a seasoned crypto devotee or an inquisitive amateur venturing into the domain of online gaming, wagering tokens can provide a dynamic and one-of-a-kind gaming experience.

In this article, we have singled out the top 5 best gambling tokens to buy in 2024. These wagering tokens can potentially remunerate bettors and financial backers with alluring advantages like quicker payouts, better chances, and devotion rewards.

This month we added Mega Dice Token and removed an old listing.

The top gambling coins to buy in 2024

Though a rapidly growing sector, we have explored the numerous options available and curated a list of the top 6 gambling tokens available. Here are our picks:

1. Mega Dice Token (DICE): Best gambling token with $50M monthly betting volume. Raised $340K in presale.
2. Rollbit Coin (RLB): Native to the Rollbit casino, RLB incentivizes players with reduced fees (“rakeback”) on bets and other exclusive rewards. Earning and accumulating RLB enhances your Rollbit experience.
3. FUNToken (FUN): Spanning across various FunFair-powered platforms, FUNToken facilitates in-game rewards and loyalty programs. The more you play and engage, the more FUN you accumulate, unlocking additional benefits across the network.
4. Exeedme (XED): The Exeedme gaming platform uses XED, which is based on the DeFi (Decentralized Finance) paradigm, to reward users for their actions and abilities. Imagine it as a way to earn cryptocurrency while leveling up in your beloved games.
5. HILO (HILO): Built on a prediction market platform, HILO rewards users for accurately forecasting upcoming events. Use HILO tokens to place bets and potentially earn significant rewards based on your foresight.

Best GameFi tokens to buy in 2024

Here is a more detailed, analytical view of our picks of the best gambling tokens available today.

1. Mega Dice Token (DICE): New crypto token of established casino with 10,000 monthly users

Mega Dice Token an established online gaming platform, and currently the best gambling token on the market. The platform’s native $DICE token makes gambling fun by letting users stake their tokens and earn unique rewards on Solana.

Mega Dice Casio is known for its vast selection of over 4,500 games, from sports betting opportunities to traditional, las-vegas style gameplay, including card games, dice games and more. It has over 10,000 active users and a monthly betting volume of nearly $50 million on the platform.

Moreover, $DICE token holders can earn passive income through staking. Stakers can choose to stake their tokens for different amounts of time to earn high returns even before the presale ends. A total of 42 million tokens are set aside just for staking rewards.

Investors can buy $DICE using SOL, ETH, or BNB and participate in a system that shares casino profits with its players. Token holders also get priority access to new games and special events. 

The platform currently offers a 10% referral bonus to investors with no limit. Moreover, early buyers can also participate and stand a chance to win a share of the $2.25 million airdrop prize pool. Read the Mega Dice whitepaper to learn more about the platform’s roadmap and vision.

Total Tokens	420 Million
Tokens Available in ICO	147 Million
Blockchain	Solana
Token type	SPL
Minimum Purchase	N/A
Purchase With	SOL, ETH, BNB

2. Rollbit Coin (RLB): Huge selection of games and a generous rewards scheme

Self-proclaimed as “crypto’s most rewarding casino”, Rollbit goes beyond the standard online gambling model to provide a platform full of features and opportunities.

Founded in 2020, the platform boasts thousands of betting opportunities, including slots, live casino games, and a diverse sports book. But beyond these more traditional offerings, Rollbit also includes an NFT ecosystem and the opportunity to invest in crypto futures.

Rollbit’s rewards scheme is another key part of its product offering. The scheme includes a range of incentives, including 5% rakeback on all bets, daily and weekly bonuses, and rank-up bonuses.

Users can access any of these opportunities using the project’s native token, $RBL. With eligibility across Rollbit’s futures and NFT offerings in addition to its selection of games and sports, the broad utility of $RBL is clear.

It’s no surprise, then, that Rollbit has seen huge success, landing major partnerships with sports and esports organizations such as Napoli F.C and Faze, and becoming the biggest casino token by market cap.

Considering this level of utility and acclaim, Rollbit is an easy pick for our top gambling tokens to invest in right now.

Hard Cap	N/A
Total Tokens	3.3 billion
Blockchain	Ethereum
Token Type	ERC-20
Minimum Purchase	N/A
Purchase With	ETH, USDT, credit/debit card

3. FUNToken (XFUN): Low-cost transactions and dedication to fairness

FUNtoken is another project at the forefront of combining online gambling with cryptocurrency, rivaling similar casinos with a native coin and a wide range of gaming opportunities.

The project’s ethos is what sets it apart, claiming to provide a “robust, transparent and openly fair” gaming experience for all.

FUNtoken transactions are also much cheaper than Ethereum or Bitcoin, with the platform’s native XFUN token having been built on the Polygon blockchain. This, according to the developers, offers holders a smoother, more efficient experience.

However, the platform boasts plenty of features and innovation too, including seamless integration with a range of third party dApps, a proprietary wallet (XFUN Wallet), and forthcoming integration with artificial intelligence and Metaverse platforms.

The project’s community engagement is a strong reflection of this, with 350,000 holders, and an active, growing community on Telegram.

It is clear, then, that FUNToken offers a fine balance between utility and ethos, making for a thoroughly attractive gambling token. With this in mind, the project ranks highly on our list of the best gambling tokens to invest in now.

Hard Cap	N/A
Total Tokens	10.9 billion
Blockchain	Polygon
Token Type	ERC-20
Minimum Purchase	N/A
Purchase With	ETH, USDT, credit/debit card

4. Exeedme (XED): Monetization opportunities for amateur gamers

The latest data suggests that there are more than 3.3 billion active video gamers worldwide. But only a select few, such as professional eSports players or successful Twitch streamers, can generate income from the hobby.

ExeedMe, a gaming organization with a proprietary cryptocurrency, is seeking to buck this trend. The platform will allow gamers of all skill levels to monetize their love of gaming through challenges, NFTs, and in-game assets.

In 2024, the project’s primary focus is around skins – a key status symbol in the world of competitive gaming, particularly in first-person shooters such as Counterstrike, or battle-royale games such as Fortnite. As opposed to the standard system of players purchasing skins without the ability to monetize them later on, ExeedMe is creating a secondary market for the digital assets, allowing players to buy and sell them through a dedicated marketplace.

A critical component of this ecosystem is its versatility – by leveraging blockchain technology, the Exceedme marketplace comprises a huge range of assets from across the world of gaming, breaking the traditional mold of in-game assets being exclusive to a single game.

And to add further dynamism to the experience, transactions are completed using $XED, the project’s proprietary currency. The token’s market cap currently sits at $5.7m, with a price of $0.062 for one $XED.

Hard Cap	N/A
Total Tokens	91 million
Blockchain	Ethereum
Token Type	ERC-20
Minimum Purchase	N/A
Purchase With	ETH, USDT, credit/debit card

5. Dotmoovs (MOOV) – A “sports revolution” with web3 integration

Dotmoovs is a highly unique crypto gambling platform, fusing physical activity with technology to create endless opportunities for competition.

In simple terms, users can participate in physical, sporting challenges from anywhere in the world using their smartphone camera. The platform’s in-built algorithms will then assess the quality of each attempt, and prizes are distributed to the best performers.

The project’s native token, $MOOV, is the lynchpin of this ecosystem, being used as a payment method for both entry and reward. The developers describe it as like being at a gym, but needing tokens to use the equipment.

The project also looks poised to take another big step in the near future, having announced virtual reality integration from 2025 onwards.

The level of utility and innovation from this project is hard to overlook, and this has reflected in the market sentiment. At the time of writing, $MOOV boasts a market capitalization of $3.3m and has surged by 25% since the beginning of February 2024.

Hard Cap	N/A
Total Tokens	1 billion
Blockchain	Ethereum
Token Type	ERC-20
Minimum Purchase	N/A
Purchase With	ETH, USDT, credit/debit card

Best gambling tokens comparison chart

Cryptocurrency	Ticker	Launched in	Blockchain
Mega Dice Token	DICE	2024	Solana
Rollbit Coin	RLB	2021	Ethereum
FUNToken	XFUN	2017	Polygon
ExeedMe	XED	2020	Ethereum
Dotmoovs	MOOV	2021	Ethereum

Advantages of gaming tokens

As mentioned above, there is a world of possibility created by the fusion of cryptocurrency and gaming. Here are some of the stand-out advantages:

• Access to exclusive features and VIP rewards: Gaming tokens can allow users to access special features and perks on gaming platforms, such as premium games, NFTs, tournaments, and more. They can also earn VIP rewards, such as free spins, deposit matches, and cashback, for their loyalty and activity.
• Discounts and cashback: Gaming tokens can offer users discounts and cashback on their transactions, such as deposits, withdrawals, bets, and trades. This can reduce the fees and costs of using the gaming platforms and increase the profitability and satisfaction of the users.
• Opportunities to earn passive income via staking pools and liquidity mining: Gaming tokens can enable users to earn passive income by staking their tokens or providing liquidity to gaming platforms. This can generate user rewards and support the gaming ecosystems’ security and stability.
• Participate in governance by voting on proposals: Gaming tokens can allow users to have a say in the development and direction of the gaming platforms, as they can vote on proposals or changes using their tokens. This can create a more democratic and transparent gaming ecosystem where users have more control and influence. 
• Fund gaming accounts and withdrawals fast and cheap: Gaming tokens can enable users to fund their gaming accounts and withdraw their winnings fast and cheap, as they can use cryptocurrencies instead of fiat currencies. This can avoid the delays and intermediaries of traditional payment methods and increase the convenience and efficiency of users.

Disadvantages of gaming tokens

As with investments of any kind, there are some areas to remain conscious of. Here are some to keep in mind for crypto gambling:

• Price volatility: Gaming tokens are subject to the fluctuations of crypto prices, which can affect the value of winnings and losses. The market’s supply and demand, the effectiveness and appeal of gaming platforms, as well as rumors and speculation in the community, can all have an impact on the value of gaming tokens. This can make gaming tokens unpredictable and risky.
• Legal and regulatory challenges: Gaming tokens may face legal and regulatory barriers in some jurisdictions, as online gambling and gaming are illegal or restricted in some countries. Gaming tokens may also be subject to taxation, anti-money laundering, and consumer protection laws, which can vary from place to place. This can make gaming tokens complicated and uncertain.
• Limited acceptance: Many online gambling and gaming platforms do not support or accept gaming tokens because some operators may prefer to use fiat currencies or other payment methods. Gaming tokens may also have limited availability on crypto exchanges, which can make them difficult to buy and sell. This can make gaming tokens inconvenient and inaccessible.
• Technological barriers: Gaming tokens require users to have some technical knowledge and skills, such as setting up a crypto wallet, buying and selling cryptocurrencies, and using blockchain networks. Gaming tokens may also face technical issues, such as network congestion, hacking, or bugs, which can affect their functionality and security. This can make gaming tokens challenging and complex

Is it legal to use gambling tokens?

The legality of cryptocurrency gambling and gaming tokens depends on jurisdiction. In many countries, the laws surrounding digital assets are still being formulated. However, it is legal to use crypto and gaming tokens on approved licensed platforms in several major markets like EU countries, the UK, Japan, South Korea, etc. 

Users should check their local laws and use properly licensed casinos to remain on the right side. The blockchain enables transparency about licensing and compliance for such platforms.

Are gambling tokens taxed ?

Gaming tokens face the same tax regulations as other cryptocurrencies in most places. This means capital gains made by selling or trading tokens for profit are subject to applicable crypto tax rates.

Rewards and loyalty tokens from casinos may also need to be declared in certain cases, depending on specific country rules.

References

• https://coinmarketcap.com/view/gambling/
• https://explodingtopics.com/blog/number-of-gamers#