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.

Also Read: What is Crypto Staking and How Does it Work?

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.

Also Read: What is Crypto Gaming and How to Earn with it?

Disclaimer:

The information provided in this article is for informational purposes only and should not be considered as financial, investment, or legal advice. The content does not constitute an endorsement or recommendation of BitKong, the KONG token, or any associated financial activities. Cryptocurrency investments and staking involve risks, and it’s essential to conduct thorough research and seek professional advice if necessary before engaging in any crypto-related activities. The Crypto Times will not be liable for any loss or damages incurred from the use of the information contained herein.