Strategic funding brings iGaming access to Telegram with BoxBet 2.0

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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 in collaboration 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. This integration aims to distinguish BoxBet in the crowded iGaming market.

Alongside the platform launch, BoxBet has secured a strategic funding round from notable investors, including a leading crypto fund known for early investments in Solana and a major iGaming operator. Details about this funding will be shared in the coming weeks.

Beyond these developments, BoxBet is dedicated to enhancing the online gaming experience with a range of unique features, including an industry-leading rewards mechanism 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 burned. The BXBT token, which sits on the Ethereum blockchain, trades on Uniswap V2 and is currently priced at around $0.1569.

Disclaimer: This article is provided for informational purposes only. It is not intended to be used as legal, tax, investment, financial, or other advice.