While the crypto market receded on Wednesday, the Memebet ($MEMEBET) token presale remains largely unaffected, having now reached $350,000 in funding.
The project, which transforms meme coins into wagering currencies within the emerging GambleFi scene, appears to be the next essential utility for the sector – especially valuable amid the current market fluctuations that have led to significant declines in asset prices.
When the Telegram-based crypto casino opens, meme coin holders will be able to bet using Dogecoin ($DOGE), Shiba Inu ($SHIB), Bonk ($BONK), Floki ($FLOKI), and Pepe ($PEPE), with more meme coins set to be added.
Users can deposit these assets to wager on casino games, slots, and sports odds on the Memebet Casino platform.
To help meme coins establish a presence in the Web3 gaming scene, prospective contributors can purchase the project’s native token, $MEMEBET, at the current price of $0.0255.
However, as the startup approaches its seventh funding stage in less than 24 hours, the price of one $MEMEBET will increase to $0.0256 to accommodate new investors.
Meme Coins Dropped by $6 Billion – A Chance to Buy at a Discount Ahead of the Bullish Months for Crypto?
As a result, assets like gold surged to as high as $2,673, while crude oil nearly jumped to $72 a barrel on Tuesday.
Bitcoin has yet to establish itself as a safe haven asset, dropping to $60,164 before bouncing back to $61,893 on Wednesday.
Open interest in Bitcoin has also decreased by about $1 billion, with Ethereum ($ETH) losing around $650 million.
The recent sell off has caused $1B+ in Open interest to be wiped on #Bitcoin.$ETH lost about $650M in OI.
Most other alts also lost 5-10% of their respective Open Interest. Meme coins got hit especially hard, retracing the entire recent move. pic.twitter.com/EoKRntuORR
Across the broader crypto industry, meme coins were severely impacted. After reclaiming a $53 billion market cap on Sunday, the meme coin sector has wiped out about $6 billion in value, falling to a $47 billion market capitalization.
However, this market scare may be temporary despite a rough start to what is historically the third-best month for crypto gains: October.
The momentum seen in the last few weeks of September may be enough to convince investors that better days are ahead.
The recent sell-off could indeed be a short-term adjustment, providing an opportunity for latecomers to join the trend and buy up, particularly meme coins, at lower prices as the market gears up for gains in the last quarter of the year.
The Top Meme Coin in the Gamblefi Space: $MEMEBET
But beyond simply buying meme coins for investment purposes, the launch of the Memebet token platform will create an arena for investors to win bigger.
The Memebet token platform provides a new opportunity for degen traders to elevate their risk appetite by using their meme coin holdings to bet on various games to have a chance at hitting the jackpot.
While the aforementioned meme coins, such as $DOGE, $SHIB, and others, are accepted, only one meme coin unlocks all the benefits in the Memebet ecosystem: the $MEMEBET token.
Using $MEMEBET tokens grants users airdrop rewards, special degen bonuses, and entry into the upcoming Memebet Casino Lootboxes, which feature real-world prizes and valuable casino bonuses.
Moreover, high-volume bettors or large holders of $MEMEBET tokens can access an exclusive Degen VIP community.
There is also a play-to-earn (P2E) wagering component that magnifies rewards to these high-volume players.
Well-known crypto influencer ClayBro shares more about the $MEMEBET token in depth in the video below:
The Memebet Token Gleam Giveaway and Airdrop
Indeed, the $MEMEBET token has a lot to offer in the convergence of meme coins and the GambleFi space.
And to give early adopters a chance to accumulate more tokens before the casino launch, the project is hosting a Gleam giveaway where 10 winners will each receive $1,000 worth of $MEMEBET tokens.
All users need to do is purchase $MEMEBET during the presale, submit their wallet address, join the project’s social media channels like X and Telegram, and, after the casino launch, submit their casino wallet address.
In addition, a token airdrop is currently underway.
The first season of the Memebet token airdrop has begun and offers big rewards to early contributors who use their presale purchases in the casino when it launches before the presale concludes.
A total of 400 million $MEMEBET tokens, representing 20% of the total supply, are allocated as rewards.
Memebet’s Road to $400,000 – Join the Next Milestone
The presale of the Memebet token is off to a fantastic start, having raised impressive capital just three weeks after its launch.
As it approaches the one-month mark, the project is nearing its next milestone of $400,000, which could be achieved in just a few days.
To be part of this exciting journey, you can participate in the presale by visiting the $MEMEBET token website, connecting your wallet, and exchanging ETH, BNB, or POLY for $MEMEBET tokens. Bank card payments are also accepted.
Transactions made via the Ethereum network (ETH, USDT, or bank card) will be credited instantly to investors’ wallets.
To view the tokens, users need to add the token address 0x0C4a2a28a4edb47a7a4c53B06143C53e889Bd5dB to their wallet.
By 
Nermeen Nabil Khear