Crypto casino to launch utility token after passing 100k players

One of the fastest growing crypto casino sites in the world has announced it will soon be launching its own utility token.

Hypeloot, which recently welcomed its 100,000th player to the crypto casino, will be releasing the $HPLT tokens via a presale that will get underway on February 1.

Those who invest in the token first will get it at the lowest price available, with the Hype NFTs available to be tradable at the token’s launch.

The crypto casino confirmed that 40% of the total supply will go towards presale contributors, with the remaining proportion to be split between “liquidity, marketing, team, airdrops and more”.

In a statement, Hypeloot said: “NFTs can then be traded, bought, sold and used on Hypeloot.com for free bets, staking pools, increased rakeback and much more. These NFTs are strictly limited and will not be minted more than the given supply.

“Hypeloot profits will automatically go towards purchasing $HPLT tokens on the open market and burning them right after – on a daily basis!”

The AI-powered site, which has its base in Cyprus and was founded back in 2022, is based on an unboxing concept. Players have the chance to unbox an array of mystery boxes that contain a range of different items including games, watches, streetwear, and collectibles.

All of the clothing comes with a Verified Authentic badge from StockX, which is the world’s most premier streetwear distribution brand. Brands like Nike, Gucci, Louis Vuitton, Dior, Balenciaga, Rolex, Supreme, Burberry Apple and Sony are among those with their products being available to be won by players who have signed up to unlock boxes at the Hypeloot crypto casino site.

Major cryptocurrencies such as Bitcoin and Litecoin can be used to fund a Hypeloot account, with customers also able to use debit cards and other payment methods such as Trustly. Options such as a Plinko game with a 100.000X multiplier are among those available to play.

Daily buyback and burn events have helped to fuel the popularity of the crypto casino site. New players can opt to connect via a Google, Facebook or Twitter account, while it is also possible to sign up with an email address. Hypeloot is giving new customers a free promo box as soon as they have completed the verification stage of registering for an account with the crypto casino.

Hypeloot has processed more than 50 million total bets since the crypto casino site was set up.