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Candy Club Launches the World’s First Social Crypto Casino Club for All Ethereum and BSC Projects

Candy Club Launches the World’s First Social Crypto Casino Club for All Ethereum and BSC Projects

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[PRESS RELEASE – Please Read Disclaimer]

There are 14,000 projects on CoinMarketCap, and regardless of their existence as layer 1 or 2, DeFi, NFT, or metaverse protocols, the macro and micro headwinds facing all blockchain projects in this bear market are brutal.

How well are crypto projects prepared to survive this bear market?

According to Invest In Blockchain industry research, only 36 of the top 100 cryptocurrencies have working products, and less than 50% of all tokenized projects offer real benefits to the end consumer.

Projects go into survival mode

The bull market opened the floodgates for budding entrepreneurs, pioneers and developers, as projects fueled by generous venture capital funding flooded the crypto market and fanatical, hopium-only communities emerged. However, over the past 4 months, the bear market has put the spotlight on the after-effects of an industry that spends too much money too quickly. The market has seen projects created without problems in mind, protocols without product-market fit, or projects that have failed to gain market share in an over-saturated and over-forked ecosystem.

Combined with an inflationary war, rising energy prices and a crypto market that has fallen 60% since November 2021, projects have had to cut staff, postpone product launches and tighten their belts to survive the coming winter.

The protocols aren’t dead, but as developers stop updating the project and traders stop trading the asset, their community’s growing demands and FUD as progress stalls and utility diminishes, gets tougher and tougher.

Introducing Candy Club, an Instant Withdrawal Token Utility

In light of the current situation, Candy Club has launched the world’s first altcoin social casino, where all ERC20 and BEP20 token projects can seamlessly exchange their utility tokens for the CANDY derivative and enjoy the world’s most popular casino games, live casino games and slots.

“Altcoins are experiencing declines across the board, in market caps, DEX trading volumes, community and social engagement, in virtually every measurable metric. More than ever, projects need to provide additional value to their project and community to survive a bear market.” says Josh Galloway, President of Candy Club “Social gaming has proven time and time again that it doesn’t just grow and thrive by providing social, entertaining and engaging content.”

The global social casino gaming market was valued at US$6.83 billion in 2022 and is estimated to grow to US$8.7 billion by 2026, making it an emerging industry with endless room for growth. However, before Candy Club, only a few exclusive cryptocurrency utility tokens had the seamless ease of using their tokens as playable currency at these social casinos.

Revitalize your community and crypto project

Through Candy Club’s business model, all Ethereum and Binance Smart Chain utility tokens are accepted as playable derivatives within the social crypto casino. This democratizes the opportunity for all altcoin projects and their passionate communities to participate in the social cryptocasino blue ocean. Legally and safety battle tested, Candy Club offers a social casino experience that is fun and socially engaging.

For Ethereum and BSC projects, the token utility offered through Candy Club aims to increase each project’s token transaction volume, maintain community support, and potentially provide projects with stronger cash management and more efficient token burning through Candy Club’s exclusive revenue sharing program with all projects affiliated with Candy. Club’s Social Crypto Casino Revolution!

About Candy Club

Candy Club is the world’s first social altcoin casino that accepts all Ethereum and Binance Smart Chain projects with ERC20 or BEP20 token. Legal and security-focused, Candy Club opens up a social crypto casino gaming experience to more than 14,000 cryptocurrency projects and more than 73 million wallets.

Telegram: https://t.me/candyclubsocial

Disagreement: https://discord.gg/hTt5uteKzW

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