Bitkong casino lets you stake ETC-20 tokens and get a percentage of the
casino earnings (house edge). This way you can win by playing and by
staking!
The fusion of cryptocurrencies and online gaming has given birth to a
new era of iGaming experiences. Players are no longer just
participants; they're stakeholders, earning rewards and having a say in
the platform's direction. At the forefront of this revolution are the
casinos with their own tokens and staking platforms.
Bitkong, a
prominent bitcoin casino, is a key player in this transformative
movement, with its KONG token taking center stage.
Bitkong casino has been offering its provably fair games since 2015, it
is one of the few casinos with 100% provably fair games, and no KYC
policy. This means that you can deposit and play immediately, you do
not need to hand in your data or wait.
Now, in 2023 they are working on something interesting, the
just-launched
faucet
mode has been one of the big news in the crypto casino
gaming industry. However, today we want to emphasize their token and
the numerous opportunities it presents to players and cryptocurrency
enthusiasts.
What is the KONG Token?
KONG is an ERC-20
token , it is built upon the Ethereum Network and since its launch
in May 2023, it become an integral part of the BitKong gaming platform.
Bitkong player receives rewards in KONG tokens, even through their new
faucet tournaments. Then they can withdraw it and use it for whatever
they want, they can also use it inside the platform to get more KONG.
These activities include playing and winning tournaments and, an
interesting one, staking.
Bitkong asserts that the KONG token is a decentralized gaming token
poised to "redefine crypto gaming." Let's delve into what this entails.
Earning Rewards: How To Stake KONG at Bitkong
Let us be honest, one of the main things that takes most of the
attention with KONG is the fact that lets the players earn more crypto.
KONG is a currency, and by investing in it (or playing with it), you
have the opportunity to multiply your earnings.
But, how?
After you register or login at Bitkong casino, you will have access to
a bonuses dashboard. This is a NO KYC casino, so you don’t need an
email, you can log in with a wallet like Metamask). There you can see
all your KONG-related rewards and, of course, the staking platform.
In this window, you can see the estimated earnings of KONG you will get
by staking in the platform. Bitkong crypto casino doesn’t show an APR o
APY because the rewards are calculated based on the house edge of the
casino, stakeholders will receive 50% of the earnings passively.
It is a simple stake platform, you can withdraw at any moment, and you
will only lose the amount of rewards you were about to receive that
day. There are no withdrawal limitations either, you unstake your KONG
and swap in other platforms at any moment.
Where Can Players Get KONG Token?
This token is available on Polygon, Binance Chain, and Ethereum, and it
can be traded on:
- Uniswap (Polygon and Binance Chain)
- Sushi Swap (Polygon and Binance Chain)
- Pancake Swap (only on Binance Chain)
For example, if you want to buy KONG in Uniswap you can follow these
instructions:
- Connect a wallet, like MetaMask, to UniSwap by
clicking "Connect Wallet”.
- Pick your trading pair. For example, exchange USDT
for KONG. Click "Select a token," input the token name, and choose it.
- If KONG isn't listed, paste its contract address.
- Enter your purchase amount, click "Swap," and then
"Confirm Swap" and done.
You can also take advantage of the great No-Deposit Bonus at Bitkong
Bitcoin Casino. By participating, wagering, and competing in their
faucet tournaments you can get KONG. It is actually really easy to get
a few KONG tokens by just playing with the drops of Bitkong faucet.
Bitkong came up with a nice cycle of play and staking. After a few dice
rolls, you will notice that you can get KONG for free, keep playing,
and get more with the cashback bonuses and other related bonuses.
And, if we have been telling you, you can also stake the tokens and get
even more every 30 days.
What Are the Risks of Staking KONG?
Okay, we’ve been talking wonders about Bitkong tokens and the good news
that comes with casinos that allow the staking. But what’s the catch?
Well, let's be straight. Staking with cryptocurrencies is riskier than
buying bonds, we are talking about new currencies that the market is
just recently giving them value. This means that by trading with them,
buying them, and playing with them, we are accepting the fact that they
can go away at any moment.
At this point, basically, all crypto enthusiasts know about this,
dealing with cryptocurrencies has the side effect of a lack of sense of
security that centralized institutions inherently have.
On the other hand, crypto gives you more agency over your finances, and
it gives you more freedom. This is especially true when the tokens are
decentralized, you can register at casinos like Bitkong without giving
your data and can make money (by playing or staking) without reporting
taxes and take advantage of the anonymity of the internet.
Why We Think KONG Staking Is a Step in the Right Direction
In the case of KONG, we are talking about a utility token that has its
purpose inside the Bitkong casino platform. Your potential earnings are
tied to the well being of Bitkong and its house edge. If the casino
finances are going well, you are going to get more KONG, and KONG is
going to be worth even more (right now its worth is 0,01 USD).
So basically the risks are the same as every other cryptocurrency, but
with the benefits of being part of a community that supports a growing
gaming platform that shares its earnings, and the possibility to
unstake or swap your KONG for other currencies any time you want.
KONG is a valuable token for Bitkong casino players and even has uses
for those who dont want to play but want to participate in DeFi
(Decentralized Finance) and receive passive earnings.
Final Thoughts
The intersection of cryptocurrency and online gaming has opened a new
frontier of opportunities for both players and investors.
BitKong, with its established reputation and dedication to
transparency, emerges as a pioneer in this transformative era. The
introduction of the KONG token doesn't just elevate the gaming realm;
it also carves out a unique path for passive income through staking.
As the digital world continues its rapid evolution, platforms
like BitKong that emphasize user benefits, security, and innovation are
poised to set the standard. For gaming aficionados and crypto
enthusiasts alike, the KONG token represents a compelling venture worth
their attention. Delving into BitKong's offerings and exploring the
potential of KONG staking might just be the next big move in the
ever-evolving world of online entertainment and investment.