Moonbet, one of the leading web3 sportsbooks, has seen its price surge over 1000% in the past seven days of its native MBET token on news that it will be integrating directly with Telegram in the coming week.
After making the exciting announcement to end March, the MBET token price rose from $0.0000015 all the way up to $0.0000183 on Monday morning. This marks the highest that the token has been since August 2022, as the GambleFi narrative sets to become a focal point of this bull run.
The price action also comes on the heels of Moonbet announcing that it broke over $1 million in handle for the month of February. With web3 casinos and sportsbooks becoming more popular than ever in 2024, the trend is expected to continue as the year progresses.
Moonbet integrating with Telegram this week
The Moonbet Web3 Sportsbook and Casino now features a Telegram integration.
To deliver a seamless betting experience for users, Moonbet will be launching their direct Telegram integration in the first week of April.
This integration will allow for a one-click registration directly from a link found within Telegram. Then, players will be able to instantly connect their MetaMask or other cryptocurrency wallet to the Moonbet casino and sportsbook.
Our integration with Telegram is going to be a game-changer for the way players interact with Moonbet. Players receive a direct and seamless betting experience, while we can use their Telegram IDs for customized marketing campaigns.
Jason Poprawa, Moonbet CEO
According to Moonbet’s CEO, Jason Poprawa, the integration with Telegram will be mutually beneficial to the players and the casino.
“Our integration with Telegram is going to be a game-changer for the way players interact with Moonbet,” said Poprawa. “Players receive a direct and seamless betting experience, while we can use their Telegram IDs for customized marketing campaigns.”
The removal of yet another barrier of entry for players could see the conversion rate for players jump as high as 25%.
How does the Telegram casino integration work?
The beauty of Moonbet’s Telegam casino integration is in its simplicity, according to Poprawa.
“Players simply click on the link in Telegram and Moonbet opens up directly in the app for them. They are automatically connected via their username and just need to connect a wallet to deposit.”
As a web3 casino, the ability for players to quickly access the site without sharing any personal information is extremely important. Our own statistics show that players are 300% more likely to deposit into a crypto sportsbook or casino if they do not need to share personal data upon sign up.
“We listen to the needs of web3 bettors and deliver,” adds Poprawa. “The world of crypto lives on Telegram and beginning in April, so will crypto betting.”
Moonbet price rises dramatically this week
The Moonbet price soared on the Telegram integration news, as well as a variety of bullish talking points for the project.
The MBET token will see increased scarcity as the game plans to burn 80% of the existing supply in Q2 2024. At the current price, the value of the burned tokens is $14,070,056.
The project is also preparing its first profit share for the MBET holders. As the web3 sportsbook and casino grows in size, the team is building the profit sharing pool that will be distributed to the community holders via the Binance Smart Chain.
GambleFi and its projects has been a hot topic in 2024 and Moonbet appears to be growing alongside the trend.
How to buy the MBET token
You can buy the MBET token at BitMart using USDT at the following link: https://www.bitmart.com/trade/en-US?symbol=MBET_USDT
MBET opened for trading on BitMart on November 17, 2021 and reached an all-time high of $0.008 in its first week.
At the price at the time of writing, the all-time high represents a 4000% profit potential for those who invest in MBET today.
This, coupled with the fact that holders receive a share of the 50% profit pool generated by the platform, has made the MBET token a very attractive investment this week.
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