In the past few of years, there have been several groups trying to create a cryptocurrency gambling token. Conceived with the promise of solving all the payment woes associated with doing business in a “high risk” industry. Some promised to increase in value, “just give us a lot of money now for our ICO, and in a couple of years, your gambling revenue will pale in comparison to the value these virtual golden nuggets.”

As we’re in the final two months of 2018, almost all of these ICOs for gambling-related coins have either gone bust or are barely hanging on life support due to lack of a tangible idea, poor management or a combination both. That goes for most ICOs, not just gambling coins.

One of the problems with the coins created through Ethereum’s ERC-20 token solution is that the groups hustling these Initial Coin Offerings were too focused on inventing the next bitcoin and tied their dreams pumping and dumping the coin before whatever clownish function it offered. Everyone wanted a Lambo, but nobody wanted to do the work to earn a Lambo. Investors soon wised up, and there was no more dumb money to be had, and that’s a good thing.

Our sister site CoinGeek.com announced a winner in their 5m pound BCH tokenization contest. A group, aptly named Tokenized, led by Jame Belding delivered a solution that will allow the creation of on-chain tokens for Bitcoin BCH, and it will enable companies and developers with real solutions for the gambling industry.