That would be a great way to introduce altcoins to a new audience. I guess people who already gamble in that physical casino will start buying tokens just to be able to play in the same place. That way, a new audience will become familiar with crypto.
not just play, like in other casino... with PVE you can earn more, never lose... depends how on market stand
Exactly. Those familiar with the markets can easily use that to their advantage and know when to play or when to hold
Doesn't that go against houses interest? I mean, come on, the house always wins
Well, technically the house and the "edge" is finished once the user goes to cash out. He already played his game and is either in profit or loss compared to the initial entry. The service of hedging is something more related to the exchange and how we as an operator are going to hedge while users use the lockdown mechanism.
And there's also transaction tax that's going to the house? like exchanges have fees?
Hey. Great question!
1) So if a player comes with PVE and buys into chips, we have an incentive mechanism of 1,5% more credits on the buy-in.
2) On the cash out from chips to PVE, there is no fee involved as the payout will be handled from an exchange "master account" that will essentially serve as the casino bankroll for buyins/cashouts.
3) Further transactions into other cryptos or normal trading with other listed pairs that we will gradually onboard on the exchange like bitcoin and eth (depending how we scale on our own liquidity and the liquidity providers) will then come under operation exchange fees like similar to ones in the industry (around 0,2%)
