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New Crypto Sportsbook COQBOOK on AVAX Enables Sports Betting with $COQ Meme Coin
A new football season underway in the the United States which means sports betting is once again front-and-center in the minds of many fans. Wagering on sports has long been an American pastime and we’ve seen web2 apps like DraftKings and PrizePicks explode in popularity. The merge of blockchain technology and sports betting is the latest trend in crypto and a new player, COQBOOK has arrived on Avalanche.
COQBOOK allows users to bet on their favorite teams and athletes using the top AVAX ecosystem meme coin $COQ as currency. It’s a fun new use-case for Coq Inu and the Avalanche meme coin community has shown tremendous support. In this tutorial, we’ll show you how to get started with COQBOOK sportsbook and place your first bet.
What is Coq Inu ($COQ)?
Coq Inu is the top meme coin on the Avalanche blockchain which exploded onto the crypto scene in December 2023, reaching a market cap of around $430 million in March 2024. Currently, $COQ is sitting at just under $100 million market cap with over 77,000 on-chain holders, demonstrating its strong community and organic growth. In addition to Decentralized Exchanges like Trader Joe XYZ, The Coq Inu meme coin is widely available to trade on CEXs such as MEXC, KuCoin, Gate.io, Bybit, Bitget, and many others.
Introducing COQBOOK Sportsbook on Avalanche
COQBOOK launched in July 2024 and offers a fun new way to play with your $COQ meme coins. Although this Web3 sportsbook is brand new, they already offer a wide variety of categories to wager on. Below is a list of the different sports and professional leagues already live and available to bet on COQBOOK…
- Football (NFL, NCAA, Canadian Football League)
- Basketball (NBA, WNBA)
- Baseball (MLB, Japanese, and South Korean professional leagues)
- Soccer (Premier League, English Championship, etc.)
- MMA (UFC fights)
- Tennis (including live betting for events like the US Open)
How to Get Started with COQBOOK Sportsbook
In this getting started with COQBOOK tutorial, I’m going to assume you already have a MetaMask wallet and have added the Avalanche C-chain Network. If you need help with getting started on AVAX in general, then first take a few minutes to watch our tutorial video below…
Please note that COQBOOK is compatible with a number of different Web3 wallets (Coinbase Wallet, Trust Wallet, Core) so users have options. For this example, we’ll use MetaMask as it’s still the most popular wallet for Avalanche. Below are the exact steps to follow to get started wagering on COQBOOK Sportsbook…
Step 1. Connect Your Web3 Wallet:
- Visit CoqBook.com and click “Connect Wallet”
- Connect your MetaMask wallet to COQBOOK
Step 2. Fund Your COQBOOK Account with $COQ:
- After your MetaMask wallet is connected to Coqbook.com, the next step is to deposit Coq Inu meme tokens. If you don’t already have $COQ in your MetaMask wallet, go to Trader Joe (top DEX on Avalanche) and swap for Coq Inu. After the swap, add the $COQ token to your wallet.
- You’re now ready to Deposit your $COQ on COQBOOK. Note: 1 MCOQ = 1 million $COQ)
Place Your First Bet on COQBOOK Sportsbook
Now that your COQBOOK account is funded and you have some MCOQ to play with, it’s time to place your first bet. To do that, click on the sport of interest to you, in this example we’ll say Football. The sportsbook will display upcoming games in the order in which they will occur. Select a matchup you like and pick the winner. Enter the amount of MCOQ you want to wager and it will show your potential win amount if you are correct.
In our video tutorial above, we selected the Green Bay Packers to defeat the Philadelphia Eagles and placed a wager amount of 2 MCOQ to win 4.46. Finally click the “PLACE BET” button, confirm the transaction in your MetaMask wallet, and your done. The process is very easy and you can go to “My Bets” to see all of your wagers.
Why COQBOOK Sportsbook Could Take Off
The potential for COQBOOK to gain traction in the crypto sports betting market is high in my opinion. The Coq Inu meme coin community is massive and the ability to use $COQ tokens for something fun like gambling on sports provides strong utility. Also, the wide variety of sports betting options and user-friendly nature of the COQBOOK website bode well for onboarding new participants.
COQBOOK is just getting started and it’s always good to be early with new things in crypto. As always however, make sure to do your own research and bet responsibly. There’s always risk and you should never wager more $COQ than you’re willing to lose. If you found this tutorial helpful, please consider subscribing to the Stouy Crypto newsletter!
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
