Best Crypto Casinos with Native Tokens

Crypto casinos are taking gaming to the next level with their own native tokens. It’s a new trend slowly becoming popular, trying to get players to ditch fiat currency and traditional crypto for the casino’s unique token.

If you’re wondering why, the answer is simple–a more interactive and rewarding gaming experience. These digital assets come with perks beyond your regular gameplay, which include owning a part of the casino, getting exclusive rewards and features, and potentially earning money.

We will take you through what native casino tokens are all about and show you which platforms have a thriving token ecosystem. 

Top Crypto Casinos with Native Tokens – Quick Look

Not many crypto casinos offer native tokens, so our team of experts did a thorough research to find which ones stood out. The four listed below had an impressive token structure and top casino features.  

In the next section, we will look into the casinos in more detail, focusing on what makes each platform exceptional. 

Best Crypto Casinos that come with Native Tokens – In-Depth Analysis

Let’s take a closer look at all the casino platforms we just saw.

1. Mega Dice

Mega Dice is rapidly gaining recognition as a leading crypto casino and challenging other well-established sites. Its welcome bonus of up to 1 BTC is an enticing offer, and the 11-tier loyalty program is just as rewarding.

The native currency at Mega Dice is the DICE Token, with a total supply of 420 million. Cashbacks, loot boxes, and promotional rewards from the loyalty program are sometimes paid out in DICE tokens. One of the revenue-sharing models from the casino to DICE holders is through the referral program. 

Players also have a staking option to lock their tokens for a period of time, either 10 days, 3 months, or 6 months. The designated smart contract pays out the earnings once the period is over. 

There are a lot of things we liked about Mega Dice casino, from its crypto support to easy access in various jurisdictions. That’s why it is one of the best platforms for VPN users who want to play with crypto while maintaining their privacy.

✅  Pros

• Generous welcome bonus of up to 1BTC
• A VIP Club with many perks
• Extensive guides and FAQs

❌  Cons 

• No phone contact for support
• No mobile app

2. Lucky Block

The first thing that will capture your attention about Lucy Block casino is its sleek and stylish user interface. The high-quality graphics and the mix of gold, white, and black blend perfectly to provide a premium experience. More than 4,000 games are available, from popular slots to lively game shows like Crazy Time.

If you want to make the most out of your gaming, Lucky Block has its native token, the LBLOCK. The total supply of tokens is 100 billion, and they are allocated to various functions like liquidity, staking, casino operations, and holder rewards.

What makes the LBLOCK a special token is that players using it get a 15% cashback every week on net losses. Certain games, missions, and promotions only work with LBLOCK tokens, increasing their demand.

In our review, Lucky Block doubled as an impressive sportsbook with over 30 sports and thousands of markets to bet on. You can easily switch from casino gaming to sports betting and still have a great experience on the same platform. 

✅  Pros

• Huge game variety (slots, live dealer, sports betting)
• Sleek and modern interface
• 30+ sports to bet on

❌  Cons 

• Few complaints about withdrawal delays
• Limited progressive jackpot games

What are these Native Tokens?

Native tokens are proprietary currencies developed by gambling platforms to enhance user engagement, create more revenue streams, and build loyal communities around their platform. Think of them as any other crypto, but specifically made for the operations of a casino.

Unlike Bitcoin, Ethereum, or any other cryptocurrency, which are typical payment methods, these native tokens do more than just transactions. They are integral to the casino’s ecosystem. They have multiple functions such as facilitating gameplay, profit-sharing, accessing exclusive games and rewards, and creating governance opportunities for token holders.  

How do they work?

Most native tokens are multi-utility digital assets, meaning they have more than one function. They are built on secure blockchain networks like Ethereum, Binance Smart Chain (BSC), or Polygon. Through blockchain-based smart contracts, actions like rewards distribution, staking payouts, or burning tokens are executed automatically.

Players earn tokens through wagering or rewards and can use them for functions like unlocking exclusive titles and promotions, staking them for passive returns, and participating in the governance of the casino. To ensure their tokens hold value even in the long term, casinos adapt tokenomics designs like deflationary models through buybacks or controlled inflation through minting tokens as rewards.

Example:

A good example of a native token integrated into a casino’s platform is BetFury’s. The BFG token is a Binance Smart Chain network-based crypto with a profit-sharing staking model. Players earn BFG tokens by wagering on casino games or the sportsbook, regardless of whether the bet wins or loses.

The earned tokens can be staked in BetFury’s staking pool, where players receive daily dividends of 3% of the total profit. To earn even more passive income, convert your standard BFG tokens to enhanced BFG tokens (stBFG) to lock your coins for 1 year and receive twice the dividends.  

Pros and Cons of Native Token Integration in Crypto Casinos

Playing with a casino’s native token has pros and cons, which we’ve highlighted below.

Pros

• Get enhanced rewards like cashbacks and rakebacks
• Claim profit-sharing opportunities through dividends
• Access to exclusive games and features
• Increased engagement through gamification, missions, and community activities
• Ability to trade casino tokens on other external exchanges
• Potential for profits if the token appreciates in value 

Cons

• Token values are volatile, and players can lose money
• Regulatory risk from the uncertainty of gambling and crypto laws
• Complex for users not familiar with crypto concepts like staking and blockchain
• Vulnerable to security risks like hacks and scams

Final Thoughts

As we wrap it up, crypto casino tokens are a trend that will be around for some time. The token-activated system turns crypto gaming sites into robust digital economies where players get more value than just playing. They get a voice in the operations of a casino and a slice of the profits, making the experience much more rewarding.

Crypto casinos like BetFury, BC.Game, Lucky Block, and Mega Dice have got it right with their native tokens, and some have a market cap worth millions of dollars. Still, they do come with risks that players should be careful about. Feel free to check them out, but don’t forget to do your own research before opting for any token.