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BettingCrocs x Frostbit by Inflame

How InFlame Drove a Sold-Out Presale and 778 Casino FTDs Across Two Campaigns with Blockchain-Ads

BettingCrocs x Frostbit by Inflame
15M+
Total Impressions Delivered
$15.50
Frostbit CPA per Token Holder
778
BettingCrocs First-Time Depositors
2.67x
BettingCrocs ROAS
Campaign Type
Display, Native, VIdeo
industry
Partner
Duration
90 Days
Total Ad Spend
$100,000
Key Markets
North America, Latin America
Primary KPI
CPA per Token Holder (Frostbit) / CPA per FTD (BettingCrocs)
Objective

Drive Frostbit token presale to sold-out status and acquire first-time depositors for BettingCrocs

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About
BettingCrocs x Frostbit by Inflame

InFlame is a performance marketing agency operating in the blockchain and Web3 space. The agency runs multi-client campaigns across gaming, DeFi, and iGaming verticals, managing targeting strategy, creative execution, and conversion optimisation for each client independently. This case study covers two simultaneous campaigns run through Blockchain-Ads: 

  • A token presale acquisition campaign for Frostbit (FRST), the native token of the Metastudio gaming ecosystem.
  • An FTD acquisition campaign for BettingCrocs, a crypto sports betting and casino platform.

  • Agency Verticals: Web3 gaming, DeFi, crypto casino, sports betting
  • Growth Stage: Scale-up

Attribution Note: BettingCrocs' paid acquisition leverages a network of affiliate partners running independent campaigns on Blockchain-Ads, targeting diverse audiences and regions. This case study showcases one campaign's results for BettingCrocs-aligned advertisers, not a single corporate effort. Results may differ among affiliates due to varying focuses and strategies.

The Challenge

InFlame needed to deliver two distinct campaign objectives simultaneously: a sold-out token presale for Frostbit and qualified FTD acquisition for BettingCrocs. All this across overlapping but distinct audience profiles in North America and Latin America.

As such, the following obstacles showed what was required.

  • Dual-vertical complexity: Gaming token presale buyers and crypto casino depositors require different audience signals, creative angles, and conversion mechanics. Running both campaigns in parallel demanded separate targeting architectures under a single agency operation.
  • Mainstream platform exclusion: Token presale advertising and crypto casino FTD campaigns are both blocked on Google and Meta in North America and Latin America. Thus, removing the standard acquisition channels for both client verticals simultaneously.
  • Presale window pressure: Frostbit's first presale phase had a fixed supply and a launch event deadline. The campaign needed to drive the phase to sold-out status within the 90-day window.
  • Casino registration-to-FTD gap: BettingCrocs required depositing players, not registrations. Reaching the subset of crypto-active users who would both register and complete a first deposit required verified on-chain wallet behaviour as the audience qualifier.

Why Blockchain-Ads

Both campaigns required on-chain audience targeting unavailable on mainstream platforms. A gaming token presale targeting DeFi-native and metaverse-active wallets, and a crypto casino FTD campaign targeting high-net-worth sports bettors. Both campaigns share one critical requirement, a verified wallet behaviour as the audience signal. Neither campaign could be executed on interest-based targeting alone.

Blockchain-Ads provided the targeting infrastructure both campaigns required through:

  • Gaming token and DeFi wallet segments: Frostbit campaigns reached wallets holding MANA and SAND gaming tokens and users transacting with gaming and DeFi protocols, including competitor metaverse platforms Decentraland and The Sandbox.
  • NFT collector and DeFi enthusiast segments: Additional Frostbit audience layers captured NFT collectors and blockchain gaming natives already active in the Web3 gaming ecosystem.
  • High-net-worth individual and token swapper segments: BettingCrocs campaigns reached wallets with verified investment capacity and token swap activity, identifying players with both the capital and the on-chain behaviour consistent with casino depositing.
  • Sports bettor targeting: A separate BettingCrocs audience layer captured sports bettors with PC and console gaming interest, qualifying users from both the betting and gaming sides of the platform's product.

Campaign Results

Frostbit:

  • 1,290 paid token holders acquired at a CPA of $15.50.
  • First presale phase reached sold-out status within the 90-day campaign window.
  • Token launched with 3,000 total holders and an opening market cap of $1.8M.
  • Impressions: 6.5M+ across North America and Latin America.
  • Total clicks: 173,000 at a CTR of 2.66% and CPC of $0.12.

BettingCrocs:

  • 778 first-time depositors acquired at a CPA of $102.83 per FTD.
  • 3,984 registrations at $20.08 per registration, a 19.5% registration-to-FTD rate.
  • $213,400 in first-time deposit volume generated.
  • ROAS: 2.67x return on $80,000 ad spend.
  • Impressions: 8.5M+ across North America and Latin America.
  • Total clicks: 216,000 at a CTR of 2.54% and CPC of $0.37.

Campaign Strategy

Frostbit: Token Presale Acquisition

InFlame targeted DeFi enthusiasts, NFT collectors, and blockchain gaming natives using Blockchain-Ads' on-chain audience segments. The campaign focused on wallets holding MANA and SAND gaming tokens and users who had transacted with gaming and metaverse protocols. Competitor targeting identified users interacting with Decentraland and The Sandbox, capturing an audience already primed for gaming ecosystem investment.

The campaign ran across 6.5M+ impressions at a 2.66% CTR, generating 173,000 clicks at a CPC of $0.12. InFlame acquired 1,290 paid token holders at a CPA of $15.50 against $20,000 in ad spend. The Frostbit first presale phase reached sold-out status and the token launched with 3,000 total holders and an opening market cap of $1.8M.

BettingCrocs: FTD Acquisition

InFlame targeted high-net-worth individuals and token swappers for investment capacity, combined with sports bettors interested in PC and console gaming for qualified player acquisition. The campaign highlighted BettingCrocs' token holder benefits and first-time deposit incentives across crypto-native and sports betting inventory in North America and Latin America.

The campaign ran across 8.5M+ impressions at a 2.54% CTR, generating 216,000 clicks at a CPC of $0.37. 3,984 registrations were recorded at a CPA of $20.08 per registration. Of those, 778 completed a first deposit, a 19.5% registration-to-FTD rate, at a CPA of $102.83 per FTD. This generated $213,400 in first-time deposit volume.

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