The Good Tech Companies - DoubleUp : A New Generation Of GambleFi

Episode Date: May 13, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/doubleup-a-new-generation-of-gamblefi. Founded by a team of seasoned engineers, DoubleUp was built with one core belief: crypto should be thrilling, rewarding, and community-driven. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #doubleup, #chainwire, #press-release, #doubleup-announcement, #crypto-exchange, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. DoubleUp is a casino platform operating on the Sui network. It offers users a combination of real-time betting features and on-chain transparency. The platform includes features such as raffles, lotteries, referral programs.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Double Up. A new generation of Gamble FI, by Chainwire. San Jose, Costa Rica, May 13, 2025, Chainwire, Double Up is a blockchain-based casino platform operating on the Sway network, designed to integrate gaming with decentralized finance DeFi elements. It offers users a combination of real-time betting features and in-chain transparency, aiming to provide a novel framework for digital gambling within the Web3 space. The platform incorporates what it terms a, GambleFI, model, positioning itself at the intersection of gaming and decentralized finance by introducing mechanisms

for both active participation and passive engagement through its DeFi infrastructure. Founded by Helphy Deggin a visionary Web3 builder and former Myston Labs developer, DoubleUp was designed for the bold, by the bold. The goal is simple. Bring the excitement of a real casino into the decentralized world, while rewarding users not just for gambling, but for participating in a growing, gamified economy. From day one, Double Up has put community, creativity, and crypto-utility at the center of its roadmap. At its core, Double Up is a decentralized casino offering a wide range of games,

from the classics like coin flip, roulette, and slots, to high-stakes raffles and million-dollar lottery. But what sets Double Up apart is how they've gamified not just the casino, but the very foundation of rewarding its players and defy participation. Double Up operates as a community-oriented platform, incorporating a reward system designed to engage participants beyond traditional casino gameplay. The platform includes features such as raffles, lotteries, referral programs, and leaderboard-based incentives, allowing users to receive rewards through active participation. A notable component of the ecosystem is the Double Up Citizen NFT, which enables holders to access exclusive benefits. On May 10, 2025, Double Up conducted a an air drop distributing over $100,000 in free spins to citizen NFT

holders as part of a community rewards initiative. In conjunction with the launch of the $UP token, the platform also introduced a $100,000 monthly contest. Through these mechanisms, DoubleUp aims to incentivize a range of user activities including holding, playing, and staking. DoubleUp's DeFi component, Unihouse, introduces a betting link yield mechanism that integrates with the broader platform. Unlike conventional staking or liquidity farming protocols, Unihouse allows users to deposit supported tokens and

earn returns that correlate with platform betting volume and house edge outcomes. The model is structured so that platform betting activity can influence the yield distributed to token stakers, enabling a reciprocal dynamic between active bettors and passive participants. This approach also enables the use of tokens that may not otherwise offer native staking functionality within other protocols. And now, the moment that pushed DoubleUp into the spotlight, the stealth token launch of DollarUp. On May 11, 2025, DoubleUp launched the Dollar Up token completely unannounced, dropping it straight onto the market at a fully diluted valuation, FDV, of $40 million. No pre-hype, no upper hands, just pure gamble F.I. energy.

Within 24 hours of launch, Dollar Up surged in both volume and visibility, sitting at a $53 million FDV at the time of this writing. Early believers were rewarded, and a new chapter for DoubleUp officially began. The DollarUp token serves multiple roles within the DoubleUp ecosystem, including facilitating lottery ticket purchases, distributing gameplay rewards, and enhancing yield mechanisms within Unihouse. Holding Dollar Up provides users with access to core utility features across the platform.

Double Up has raised $4 million in a seed funding round at a $40 million valuation. The round was led by Caritage, with participation from Meisten Labs, Selenie Capital, E-Block Capital, Comma3 Ventures, AlphaDao, and Oros. The participants represent a range of experience across venture capital, blockchain technology, and online gaming sectors. The funding will be allocated toward infrastructure development, the launch of additional betting products, and international expansion efforts. Double Up plans to expand its offerings to include sports betting, poker, and time-limited campaigns with defined prize pools.

These additions are designed to broaden the platform's appeal across various user profiles, including active bettors, strategy-focused participants, and passive token holders. The platform operates without mandatory Know Your Customer, KYC, requirements, offering users open access to its features and reward systems. With its continued development, Double Up positions itself within the emerging category of GambleFI platforms that combine decentralized financial tools with blockchain-based gaming experiences. About WP Double Up is a next-generation decentralized casino redefining how users interact with crypto through high-stakes gaming and defy innovation. Founded by a team of seasoned engineers, Double Up was built with one core belief. Crypto should be thrilling, rewarding, and community driven.

Contact Business Development Telegram at mikachantmis Double Up Double Up fun at Proton. Me Tip This story was published as a press release by Chainwire under Hacker Noon's business blogging program. N. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.