Strategic Funding Brings iGaming Access to Telegram With BoxBet 2.0
The iGaming startup BoxBet has announced the upcoming launch of BoxBet 2.0, a new platform set to debut in Q3. This release will feature a fully licensed casino offering sports betting, lotteries, and mega jackpots, developed with industry partners.
A standout feature of BoxBet 2.0 is its integration with Telegram, providing more than 900 million users with a unique and seamless gaming experience directly through the popular messaging app. The Telegram integration aims to set BoxBet apart in the crowded iGaming market.
In addition to the platform launch, BoxBet has secured a strategic funding round from significant backers. This investment is led by a prominent crypto fund, known for early investments in Solana, and a leading iGaming operator. Boxbet plans to share more details about this funding will be disclosed in the coming weeks.
Welcome to the Future. Ready. Set. Bet pic.twitter.com/OTHeQkbv80
— BoxBet (@BoxBetApp) May 16, 2024
Beyond these developments, Boxbet is committed to enhancing the online gaming experience with an array of unique features including an industry-leading rewards mechanism for users where 50% of all revenue generated is returned to users. According to Boxbet’s website, 30% of all revenue will be allocated each month to aggressively purchase and burn Boxbet’s native BXBT token until 75% of the supply is burnt.
Announcing BoxBet 2.0! 🎰What’s Coming: 🎰BoxBet will launch a cutting-edge, fully licensed casino platform in Q3, featuring sports betting, lotteries, and mega jackpots with tier one industry partners.🚀Investment News: 🚀 We secured a major strategic funding round led by… pic.twitter.com/CJkUMUXsCF
— BoxBet (@BoxBetApp) May 16, 2024
The BXBT token sits on the Ethereum blockchain and trades on Uniswap V2. It is trading around $0.1569 at the time of writing.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
