There is a max supply of 100 million tokens with 40 million allocated to the presale (40%) with a soft cap of $1 million – which is now 67% sold out – and a hard cap of $5 million. The presale launched in late September and is offering tokens at a fixed price of $0.125 through one round.

However, the buyback goes a step further by also adding a burn mechanism as a feature.įrom the buyback, 60% of purchased tokens will be distributed to stakers as rewards, with 40% sent to a burn address meaning they are permanently taken out of supply.Īs has been shown with the likes of Maker ($MKR) and Verasity ($VRA), token burns can have a positive effect on price, as the supply is reduced and the value of an individual token increases. This will allow token buyers to earn more tokens. The TG.Casino buyback will see the casino use a share of daily profits, once live, to purchase $TGC tokens and distribute them to those who are staking. $RLB, the native token of Rollbit, surged 60% and reached a peak market cap of $700 million after it announced a buyback scheme in August. Users who have tokens staked once the casino is up and running will earn a share of daily profits through a planned token buyback system. Staking will also play an integral role in the profit-sharing system. Profit sharing/token buyback/burn mechanism The APY will reduce as more tokens are locked into the pool meaning. The first is through its staking mechanism, with presale buyers able to add purchased $TGC tokens immediately to the staking pool and generate an APY.Īs outlined above, the current APY is over 737% meaning those who have purchased early will continue to accrue tokens as the presale continues.

However, unlike many other casinos in the crypto space TG.Casino, which has not yet launched, is offering native token $TGC for holders to earn further rewards beyond gambling and wagering. TG.Casino is a fully decentralized and licensed crypto casino – powered by Telegram – that will offer instant and anonymous play, anonymous crypto transfers, thousands of slots, classic casino games, and a competitive sportsbook. Stake $TGC to earn rewards and share casino profits TG.Casino Token ($TGC) is currently available to purchase for $0.125 – holding the token allows users to generate staking rewards and earn a share of casino profits through a token buyback once it is launched.Īt the time of writing the presale has raised almost $700,000 with the staking annual percentage yield (APY) set at 737%. The token presale for upcoming crypto casino TG.Casino has now raced past $500,000 and is approaching the $1 million soft cap mark. Amsterdam, The Netherlands, October 9th, 2023, Chainwire

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