Candy Club launches the world’s first social crypto casino club
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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 a blockchain industry study, only 36 of the top 100 cryptocurrencies have working products, and less than 50% of all tokenized projects provide real benefit 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, in the last 4 months, the bear market excelled in a spotlighting the aftermath of an industry that has too much money too fast. 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.
Minutes are not dead, but like developers stop updating the project and traders stop trading assets, their community’s increasing demands and FUD as progress stops and utility diminishes becomes more and more intense.
Introducing Candy Club, an instant 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 token with its CANDY derivative and enjoy the world’s most popular casino games, live casino games and slots.
“Altcoins are experiencing declines across the board, market cap, DEX trading volumes, community and social engagement, 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 the Candy Club “Social gaming has proven time and time again that it doesn’t just grow and thrive by providing content that is social, entertaining and engaging.”
The global social casino gaming market was valued at $6.83 billion in 2022 and is estimated to grow to $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 tokens as playable currency in these social casinos.
Bring your community and crypto project to life
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. Legal and safety 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.
Company Name / Brand: Candy Club
Contact: Darren Wong
Title of the contact person: vice president
City, Country: Hong Kong SAR
Company email: email@example.com
Disclaimer: This is a paid post and should not be treated as news/advice.