Crypto 101

New coins alert: Cloudbet launches support for TON, sUSDe, and more

After an in-depth assessment of the cryptocurrency landscape in 2024 and valuable input from the broader crypto community, we’re excited to reveal the addition of Toncoin (TON), sUSDe, and other community-favored tokens to our betting platform.

TON and sUSDe get a shoutout for specific reasons:

  • TON offers secure and lightning-fast transactions, making it ideal for bettors who value speed and efficiency on their deposits and payouts.  For those who aren’t crypto-native, the seamless user journey to buy, sell, or transfer TON through the popular Telegram app makes it easier than ever to enter the space.

    Bettors who may have never used a crypto casino or sportsbook before can deposit with TON on Cloudbet and take advantage of its benefits — like faster transactions, provably fair gaming, and lower fees. 
  • sUSDe: The inclusion of sUSDe is a first in crypto betting. It is a liquid staking token that you can bet with while earning a staking yield – in some instances up to 20%.

    It gives bettors the benefit of generating passive income, even if the bettor is taking a break from the tables, slots, or sportsbook. Cloudbet bettors now have the advantage of holding sUSDe to potentially enhance their bankroll or offset betting losses on the platform.

In addition, we’re also introducing six other new coins to our platform: ENA, USDe, ETH on Base, BRETT, TOSHI, and DEGEN. Each of these coins brings its own unique benefits, but in all, enhancing the financial flexibility and betting potential available to our users. We now support almost 40 different coins, and warmly welcome these token holders and communities to play on Cloudbet.

What is TON?

TON (The Open Network) is a blockchain project originally developed by the founders of Telegram with the aim of integrating cryptocurrency and blockchain functionality into the messaging app’s ecosystem. 

Its volume has spiked recently amid an ongoing incentive program for community rewards rolled out by the TON Foundation. The total value locked on TON has climbed by more than tenfold since March, and  crossed $300 million for the first time on May 27, 2024.

TON’s connectivity to Telegram’s 800 million monthly active users has helped its adoption. Telegram members are able to easily acquire TON through the messaging app’s native @wallet. In this way, the token is in pole position to become the dominant coin within the Telegram ecosystem. @wallet allows users to make TON payments and swap for other currencies quickly and at very low cost within Telegram.

Why TON is useful for crypto betting

TON aims to deliver high-speed and low-cost transactions securely through its main features, making it highly useful for crypto betting: 

  • Multi-layered architecture: This consists of a masterchain, which contains the main ledger and coordinates the system, and workchains, which handle more specific tasks and can operate independently. This structure allows TON to process a high volume of transactions simultaneously.
  • Sharding technology: Sharding divides the blockchain into smaller, manageable sections called shards, which can process transactions in parallel. This significantly increases throughput and reduces latency. 
  • Security features: The network’s security is underpinned by a hybrid consensus mechanism, combining Proof-of-Stake (PoS) and Byzantine Fault Tolerance (BFT) to provide a safe environment for transactions. Validators stake TON tokens to participate in the network, and a consensus is reached through a voting process that ensures security and efficiency. This hybrid approach provides a high level of security while maintaining the speed and scalability required for mass adoption.

The scalability of the TON network ensures smooth performance even during high traffic periods, making it reliable for live betting. 

How to acquire TON?

Given its growing popularity, there are now some very convenient ways to acquire TON. All involve opening an account and a wallet with a particular platform.

  1. With a bank card: You can use a bank card to acquire TON through Telegram’s @wallet from wallets like Tonkeeper, and exchange platforms like Moonpay and Changelly.
  2. By exchanging crypto: You can do this on some of the above platforms, on centralized exchanges like OKX and Bybit, and decentralized exchanges like Uniswap (see our sUSDe section below for more information on how to use a DEX.)
  3. On a peer-to-peer market: Buy and sell directly with other people using the @wallet, CryptoBot or xRocket apps on Telegram.

What is sUSDe?

sUSDe operates on the Ethereum blockchain. It is obtained through staking the Ethena stablecoin USDe, which enables holders to receive the protocol’s generated yield

Staking effectively locks up USDe tokens in a smart contract, which then issues an equivalent amount of sUSDe. 

Users do not need to do anything but hold sUSDe to receive yield, in some instances up to 20%. Yield is not paid directly to sUSDe holders. It actually accumulates within the staking contract, which results in the “value” of sUSDe rising over time. 

Users are able to unstake their sUSDe at any time, at which point they receive an amount USDe reflecting the staked amount plus any increase in value of sUSDe from the time the user staked until unstaking.

Ethena Labs aims to ensure the stability and security of sUSDe through rigorous risk management strategies. The underlying USDe is collateralized and audited regularly, and the smart contracts are designed to be robust and secure.

Why sUSDe is useful for crypto betting

sUSDe’s utility as a betting token stem from its ability to generate yield for holders and convenient on- and off-ramps:

  • Passive income: Whether a user is betting or taking a break, their sUSDe continues to earn a yield. Users can potentially offset their betting costs or enhance their bankroll, generating value beyond their betting activities on Cloudbet. There is currently no other casino or sportsbook that offers this feature.
  • Liquidity and flexibility: Easy staking, earning, and redemption processes ensure quick access to funds.

sUSDe offers flexibility, yield, and security, ensuring a reliable and profitable betting experience.

infographic showing the flow of depositing, betting, and earning stake on sUSDE crypto on the ethena network at cloudbet

How to acquire sUSDe?

  1. Find a decentralized exchange where sUSDe is traded.The most popular DEX for sUSDe is Balancer V2. Other options are Uniswap V3 and Curve.
  2. Install a personal crypto wallet that is supported by the DEX. For example, Metamask, the Coinbase wallet and Trust Wallet connect to Uniswap.
  3. Deposit a base cryptocurrency such as Ethereum into the wallet.
  4. Connect to the supported DEX from your wallet. Each wallet has different processes. For example, you can find supported DEXs in Trust Wallet through its Dapps explorer.
  5. Once connected, you can swap your base currency for sUSDe.

What other new coins is Cloudbet supporting?

ETH on Base

The Base Chain is an Ethereum Layer 2 scaling solution developed by Coinbase that aims to enhance transaction speeds and reduce costs on the Ethereum network. Its main features include high throughput, low fees, and interoperability with Ethereum-based dApps. These features provide an efficient, cost-effective way to purchase ETH for crypto betting.


BRETT is an iconic meme coin on the Base network, whose mascot is a character in Matt Furie’s Boys’ Club comic. It is a community-driven cryptocurrency, meaning that its value and development are guided by its active community, promoting user engagement and trust. As a decentralized token, BRETT emphasizes transparency, low transaction fees, and rapid processing times. These features make BRETT an attractive option for crypto betting.


TOSHI is one of the OG Base meme coins named after the head of Coinbase’s cat, which in turn was named after Satoshi Nakamoto, the creator of Bitcoin. As a coin on the Base network, TOSHI is designed to facilitate fast, secure, and low-cost transactions, making it suitable for various applications, including crypto betting.


DEGEN is a meme coin built on the Base blockchain and is the unofficial token for the Farcaster community, a decentralized social network. DEGEN embodies the spirit of community-driven innovation within the blockchain space, as its utmost priority is to address the requirements of its community members. This Layer 3 coin typically has lower transactions costs than even Layer 2 solutions, making frequent betting more affordable.


The ENA token is the governance token for Ethena, a DeFi protocol focused on creating a synthetic dollar (USDe) and a DeFi bond system that operates outside the traditional banking framework. ENA incentivizes community participation by giving holders voting powers for the future direction of the USDe project. ENA is growing in popularity, with its market value exceeding $10 billion as of June 2024, according to Coinmarketcap.


Ethena’s USDe is a synthetic dollar backed by holdings of Ether and a sophisticated hedging strategy to maintain its value at a consistent level. In this way, it stands apart from traditional fiat-backed stablecoins like USDC and USDT. The hedging is underpinned by establishing short positions on a derivatives exchange that correspond in value to the Ether collateral to mitigate price fluctuations. A stablecoin is useful to crypto bettors seeking to mitigate any asset volatility in their crypto wallets.

How to bet with new coins at Cloudbet

Getting started with TON, sUSDe, and other newly supported coins at Cloudbet is straightforward and quick. Here’s a simple step-by-step guide to help you begin:

  1. Log in to your account: If you’re already a Cloudbet member, simply log in with your existing credentials. If you’re new to Cloudbet, sign up for an account—it’s fast and easy.
  2. Go to the deposit section: Once logged in, navigate to the deposit section of your account. This is where you’ll manage all your transactions.
  3. Select your preferred coin: In the deposit menu, you’ll now see TON, sUSDe, and the other newly supported coins (ENA, USDe, BASE, BRETT, TOSHI, and DEGEN) listed among the options. Select the coin you want to use.
  4. Complete the transaction: Follow the prompts to complete your deposit. You’ll be provided with a wallet address to send your chosen cryptocurrency to. 
  5. Start betting: Once your deposit is confirmed, you’re ready to start placing bets. Enjoy the enhanced speed and stability offered by TON and SUSDe, or explore the unique benefits of our other new coins.

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