The crypto online casino, 1xBit, famous for supporting a massive variety of digital currencies as payment methods, has added another altcoin for depositing and withdrawing.
1xBit is an online gambling platform that offers a wide array of betting games and accepts payments in over 40 different cryptocurrencies. In recent news, 1xBit integrated another digital token, Toncoin. As a virtue of this new listing, online gamblers can now place bets on esports, sport events and slot games, and withdraw winnings from 1xBit using Toncoin.
What You Should Know About Toncoin’s History
Telegram Open Network (TON) was initially designed by the founders of Telegram in 2018. Telegram built TON to be integrable with its private chatting app and harness the storage capabilities of blockchain technology to boost its performance. A few months later, the TON project went on to pull off the second biggest Initial Coin Offering (ICO) in the history of crypto. Unfortunately, the massive commercial success of its native town’s private sale (Gramy) attracted the attention of regulators, who flagged the token as a security. As a result, Telegram was forced to abort the project.
After Telegram dropped the project, a group of developers who were impressed by its underlying technology picked it up. The developers primary goal was building an open-source protocol, Newton, driven by Telegram’s initial vision for the project, detailed on its whitepaper. The blockchain was later rebranded from “Newton” to “TON Foundation”. In this case, TON stands for “The Open Network”. They created Toncoin as a custom crypto token to facilitate the operation of the protocol.
Why TON Stands Out
TON is a favourite amongst crypto users because of its high scalability. Many Blockchain protocols in the crypto-verse are challenged with scalability issues. As a solution, TON was designed with features that can upscale according to the demand of users on the network, giving it an incredibly high throughput of millions of transactions per second. In contrast, Bitcoin’s network services no more than 3.3 to 7 transactions per second.
1xBit sportsbook, known for keeping up with most relevant technologies, is now integrating TON’s native token for punters who wish to adopt this lightning-fast protocol as a payment method.
Advantages of Betting on 1xBit
Wide Variety of Cryptocurrencies
1xBit is keen on making betting services readily available for everyone by offering plenty of payment alternatives for players in crypto. 1xBit boasts of over 40 different integrated cryptocurrencies, coming out on top of most crypto casinos in terms of payment options.
Oftentimes, 1xBit hosts tournaments where lucky contestants have the opportunity to win prizes in boatloads of bitcoin.
Inviting Welcome Bonuses
The crypto casino offers attractive incentives for new players. Newly registered users can receive up to 7 BTC on their first four deposits.
Ease of Registration
The crypto betting site makes registration on their platform as simple as possible. All you need to get started is an email. Thus, 1xBit doesn’t require users to share personal information.
Hurry to try out the newly integrated token; fund your bets on 1xBit today using Toncoin and don’t forget to check the platform’s news via social links: