What are gambling tokens?
By gambling tokens we generally mean tokens born out of gambling ICOs. Some of these are app-coins that can be used for gambling on specific platforms. Others are used as a way for token holders to receive dividends from the gambling platform.
Average RIOs Feb 2019
Average RIO since ICO
Per year: 37%
Average RIO since first listed
Per year: -45%
Only 3/10 tokens included here have a positive return on investment (RIO) since ICO
But because they went to the moon, averaging 3093% gains, they effect the average more than the other 7 tokens which have lost an average of -83%.
So investing in a gambling token has an almost a binary outcome. You will either make a fortune or lose almost everything you invested.
Other top gambling tokens
These are the other top gambling tokens we have not yet profiled
- All Sports
- Casino coin
- Dragon coin
- First blood
- Quanta Utility Token
- Skin coin
Market cap – ICO amount raised per token sold * total number of tokens
This is the theoretical market cap of the token at the end of it’s ICO.
The total number of tokens is the total for the entire project, not just those tokens sold in the ICO. So if a project sold 7 million tokens for $1 each and created another 3 million tokens for themself, then this market cap would be $10 million.
ICO amount raised per token sold = $1
Total number of tokens = 10,000,000
$1 * 10,000,000 = $10,000,000
Tokens do not maintain that market cap once they are traded on the open market, this is why we also record the next item
Market cap – first listed
This is the market cap of the token once it has been traded on the open market and listed on CoinMarketCap.
Return On Investment (ROI)
This only tracks the value of the token per unit. It does not include any additional tokens that token holders might receive as dividends or in profit sharing.