JuicyBet enters web3 with gamblefi platform

The JuicyBet token system offers benefits like access to betting, share of platform profits and voting rights via JuicyBet DAO

JuicyBet, a newcomer in the web3 space, has unveiled its gamblefi platform, merging finance technology with gambling on the blockchain.

The platform aims to revolutionize the online betting industry by offering unique experiences to users and transforming the dynamics of platform-user interaction.

Gamblefi harnesses blockchain technology to ensure fairness and transparency in gaming outcomes, allowing players to also participate in the platform's earnings and governance by holding its tokens.

JuicyBet leverages blockchain to create a wholly new ecosystem within the gambling sector, prioritizing user involvement and transparency while delivering top-tier entertainment.

All gaming records are securely stored on a public blockchain, while smart contracts automate gaming outcomes and payouts, thereby simplifying platform governance through the DAO model. This reduces the risk of fraud and operational costs, enhancing JuicyBet's efficiency.

A distinctive feature of the platform is its token system, offering various benefits to holders, including access to betting, a share of platform profits, voting rights on development decisions via JuicyBet DAO, the ability to create customized bets, and the opportunity for token holders to act as oracles for bets and earn rewards.

JuicyBet transcends being merely a gambling platform. It establishes an ecosystem where users have a say in platform operations and reap the rewards accordingly.

Additionally, JuicyBet provides further earning opportunities such as Double Farming and staking for token holders.

With a 3-month turnover exceeding $1.5m, as per on-chain data accessible via Dune, JuicyBet has garnered attention from both users and investors. Multiple centralized exchanges and launchpads have listed the platform, indicating its growing significance.

Other recently unveiled new projects include Lunar. Since its rebranding from Caacon, Lunar, a registered cryptocurrency casino and gaming platform, has achieved significant milestones, including a successful token launch and forging strategic partnerships.

Despite challenges, Lunar has demonstrated resilience and commitment to its vision, expanding its offerings to include sports betting and innovative solutions like the Jackpot as a Service initiative.

Additionally, Housebets launched its web3 platform, transitioning from Housebets.io to Housebets.com and introducing a casino and sportsbook.

With features like low-house edge games and a lucrative Crypto Deposit Bonus of up to 370%, Housebets aims to cater to diverse player preferences while offering enhanced security and rewards through blockchain technology.

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

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