VirtualX Bet ($VXBET)
Recent developments:
0% of the initial token allocation is held by the creator.
Creator token stats last updated: Aug 12, 2025 16:18
The following is generated by an LLM:
Summary
casino project with no creator stake, risky tokenomics
Analysis
VirtualX Bet ($VXBET) is a decentralized casino project on the Virtual network aiming to combine crypto transactions with gambling. While its vision includes progressive growth, crypto adoption, and transparency, critical issues arise from tokenomics and creator alignment. The creator holds 0% of the native token supply, which is extremely problematic for a serious project, as it eliminates direct financial incentives to maintain or develop the platform. The token’s utility is unclear beyond rewards linked to unspecified protocol fees, raising questions about why a native token is necessary instead of established stablecoins. No verifiable team or legal entity details are provided beyond claims of a 'doxxed founder,' and the creator’s public profiles lack bios or social proof. While liquidity exists, the 23 initial holders and creator’s zero allocation suggest high centralization risks. The absence of lock-up details or vesting schedules for tokens further compounds risks. The casino model itself is inherently speculative, and the lack of creator stake makes this project vulnerable to abandonment.
Rating: 0
Generated with LLM: deepseek/deepseek-r1
LLM responses last updated: Aug 12, 2025 16:19
Original investment data:
# VirtualX Bet ($VXBET)
URL on launchpad: https://app.virtuals.io/prototypes/0x488743cF3ADd1EAf981CC1b6aa95F741e784a91B
Launched at: Tue, 12 Aug 2025 16:15:17 GMT
Launched through the launchpad: Virtuals Protocol
Launch status: UNDERGRAD
## Token details and tokenomics
Token address: 0x488743cF3ADd1EAf981CC1b6aa95F741e784a91B
Top holders: https://basescan.org/token/0x488743cF3ADd1EAf981CC1b6aa95F741e784a91B#balances
Liquidity contract: https://basescan.org/address/0xad954Adc9861Df63366178acEeDe9D1427f336F9#asset-tokens
Token symbol: $VXBET
Token supply: 1 billion
Creator initial number of tokens: Creator initial number of tokens: 0 (0% of token supply)
## Creator info
Creator address: 0x4a3B1550D98D7710E156196840E90B0B750DbfD2
Creator on basescan.org: https://basescan.org/address/0x4a3B1550D98D7710E156196840E90B0B750DbfD2#asset-tokens
Creator on virtuals.io: https://app.virtuals.io/profile/0x4a3B1550D98D7710E156196840E90B0B750DbfD2
Creator on zerion.io: https://app.zerion.io/0x4a3B1550D98D7710E156196840E90B0B750DbfD2/overview
Creator on debank.com: https://debank.com/profile/0x4a3B1550D98D7710E156196840E90B0B750DbfD2
## Description at launch
VirtualXbet is the first decentralized online casino to launch on the Virtual network, combining the world of cryptocurrencies with traditional gambling games.
The project is built with a long-term vision: to offer a progressive and continuously evolving platform that leverages blockchain technology.
VirtualXbet aims to provide benefits to both holders of its native token and users who bet with stablecoins, all within a transparent and secure environment.
## Overview
GITBOOK --- [https://virtualxbet.gitbook.io/virtualxbet/](https://virtualxbet.gitbook.io/virtualxbet/ "https://virtualxbet.gitbook.io/virtualxbet/")
VirtualXbet is a decentralized online casino built on the Virtual network that offers classic gambling games with cryptocurrency transactions. It is a long-term project designed to evolve continuously: 
The first fully functional casino on the Virtual network. 
A progressive development approach, starting with a basic set of games and expanding features as the community grows. 
An innovative rewards system powered by Virtual protocol fees and the native token to benefit both active users and token holders. 
The expected result is a robust platform where users can bet, win, and participate in the token economy, backed by blockchain security and Virtual network advantages (low fees and high performance). 
VirtualXbet seeks to establish itself as a serious, functional, and reliable online casino from day one, serving as a benchmark within the Virtual ecosystem. The main objectives include: 
Progressive Growth: Incrementally develop the casino by adding games and features over time to keep the platform fresh and engaging. 
Crypto Adoption: Promote the use of cryptocurrencies within the Virtual ecosystem by integrating digital assets (stablecoins and native token) into an accessible gaming experience.
Long-Term Rewards: Offer lasting incentives to users so that both players and token investors benefit from the project’s growth. 
Transparency and Trust: Operate with full transparency in transactions and fund management, with a doxxed and recognized founder in the Virtual network to generate community trust. In summary, VirtualXbet aspires to be a pioneering project in the Virtual network with clear goals and consistent execution, laying the foundation for a sustainable blockchain-based casino.
## Additional information extracted from relevant pages
<fetched_info>
""" [Creator profile on Virtuals Protocol](https://api.virtuals.io/api/profile/0x4a3B1550D98D7710E156196840E90B0B750DbfD2)
{
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"id": 487960,
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"""
""" https://virtualxbet.gitbook.io/virtualxbet/
**VirtualXbet** is the first decentralized online casino to launch on the **Virtual network**, combining the world of cryptocurrencies with traditional gambling games.
The project is built with a long-term vision: to offer a progressive and continuously evolving platform that leverages blockchain technology.
**VirtualXbet** aims to provide benefits to both holders of its native token and users who bet with stablecoins, all within a transparent and secure environment.
This whitepaper outlines VirtualXbet’s vision, features, tokenomics, roadmap, and competitive advantages.
[Vision, Mission & Objetives](https://virtualxbet.gitbook.io/virtualxbet/about-us/vision-mission-and-objetives) [Project Description](https://virtualxbet.gitbook.io/virtualxbet/about-us/project-description) [Tokenomics](https://virtualxbet.gitbook.io/virtualxbet/currencies/tokenomics)
[NextVision, Mission & Objetives](https://virtualxbet.gitbook.io/virtualxbet/about-us/vision-mission-and-objetives)
Last updated 16 days ago
"""
</fetched_info>
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Investment info last updated: Aug 12, 2025 16:19