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Fully decentralized and licensed crypto casino TG Casino ($TGC) has seen its token value shoot up by 131% in the past seven days, following the announcement on July 24th that the profit sharing with $TGC holders will begin this week.
This latest move boosts the value of the Ethereum-based $TGC token further, on top of the impressive staking rewards currently offering a 32.57% APY.
To kick things off with a bang, the Telegram-powered casino is rolling out a special $250,000 profit share this week, in which 60% will go to staked token holders and 40% to buybacks and burns.
This initiative shows precisely why TG Casino has rocketed to the top of the crypto casino scene. It combines top-notch customer support with a genuine commitment to rewarding investors who have put faith in $TGC.
Profit Sharing And Token Buybacks And Burns Are Factors That Add To The Long-Term Value Of TG Casino
TG Casino offers many gaming options, including thousands of slots, classic table games, and a comprehensive sportsbook. With over 25,000 players, the platform has seen total wagers of $1.52 billion and deposits exceeding $153 million.
In short, TG Casino is experiencing rapid growth, and its weekly profit-sharing adds more value for all current $TGC holders. This move isn’t surprising, as TG Casino has included profit-sharing in its roadmap since the project launched last year, playing a crucial role in the price stability and growth mechanisms of $TGC.
As mentioned, a proportion of the profits from the platform’s games and bets will be allocated to token holders, which incentivizes more investors to lock up their tokens for staking as they would now get additional income from the profits of the casino’s operations.
60% is rewarded to staked token holders in the form of Eth and the remaining 40% will be used for token buybacks and burns, a self-investment strategy by TG Casino that creates a deflationary effect by reducing the supply of $TGC as its operational profit increases.
Recently, TG Casino burned 208,283 $TGC, worth $68,519, as shown in the X post below. This brings the total tokens burned to 15.6 million out of the original 100 million, leaving the current circulating supply at 84.14 million.
$TGC Is Predicted To Hit $2+ By 2025
With all these factors in play, it’s no surprise that many investors are highly confident in the long-term prospects of $TGC.
As mentioned earlier, the profit-sharing update has driven the price of $TGC to $0.338. Analysts predict the token price could rise to $1 this year as the profit sharing and buyback and burns become a weekly feature of the ecosystem and even $2+ next year.
Given the deflationary token model that supports its growth, the possibility of $TGC reaching these price levels is not out of the question.
Moreover, with over 52 million $TGC staked – representing 64.1% of the total supply – investors are clearly interested not just to price appreciation but also to the substantial passive income opportunities that $TGC offers.
This high volume of $TGC staked further reduces the available supply for trading, which further adds merit to the investment thesis of it reaching a $1 valuation per token.
TG Casino Is Successful Largely Because Of The Stellar Performance Of Its Underlying Casino Operations
Beyond its robust tokenomics, TG Casino’s rapid growth is primarily driven by its emphasis on providing exceptional customer support and service.
In fact, trusted educational platform 99Bitcoins ranked TG Casino as a top-rated Bitcoin casino with instant withdrawals, earning an impressive rating of 9.8.
Additionally, to enhance the user experience, TG Casino offers players 25% cashback on all net losses when they wager with $TGC tokens. This generous offer ensures that players receive something back even if their bets don’t win, reflecting TG Casino’s commitment to prioritizing customer satisfaction over merely generating profit.
It also features a VIP program, where players earn rakeback—cashback based on a percentage of their total wagers—without any wagering requirements.
To cater to users who prefer a desktop version over the Telegram-based version that most users are accustomed to, TG Casino also launched a web-based platform earlier this year to expand its reach to many more players and has seen tremendous success.
This attention to customer preferences and various value-added advantages have contributed to a growing player base, increased wagering and deposit volumes, and a thriving community with over 9,700 subscribers on Telegram and nearly 20,000 on X.
If you are new to TG Casino, you can sign up and get a 200% rakeback bonus of up to 10 ETH, plus 50 free spins with no wagering requirements! Join now!
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