Topic: [ANN] Providence (PVE) 100% Cashless & Physical Crypto Casino & Resort - page 29. (Read 13571 times)

but... what ever player decide, he/she cannot lose, right? Just can get more... 

thx for answer

If you go on lockdown mechanism, you already by default have PVEs in your wallet. So they will just appreciate in value in regards to the markets in the next 72hrs if, of course, the market goes up. But this is something the player has to decide at the moment of cash out. If it goes down then this is on our end to hedge and protect from the downside.

Thanks Dirk! Regarding the rollout, please check our roadmap where we have laid out all milestones that are upcoming ( https://www.providence.casino/#roadmap ). This is in short:

1) Online Casino
2) Online Casino with Lightning Network Beta
3) Exchange
4) The physical casino with all accompanying facilities and hotel + restaurant (All "physical" aspects will be launched together in Q2 2018)

ok, I read it.. it is very good, protection of 72h if price PVE go down. But what if go up? 72h protection also?

Interesting idea,looking forward to see how you implement it.

Will whole project start at full capacity,or there will be some stages like first starting with  casino,then later adding hotel,restaurant etc?

That is correct ekurotvic! Of course the winnings at the moment have one some USD value and then you cash out into PVE. Here is where we will offer some extra abilities in regards to volatility protection or market uptrend. Check our blog post about this mechanisms: https://medium.com/@providence.casino/at-providence-you-are-protected-from-cryptocurrency-price-volatility-2c5d7c62c45a or the corresponding section in the Whitepaper

so when someone win in casino, and get PVE, he/she can earn more if PVE increase price, right? 

No tax, the conversation was more leading from the question if someone can give the chips to the croupier. They can and it's their free will to do that The chips are physical and later on cashed out.

Wait, will the tips be like a tax on transaction, or your own free will to send coins?

Indeed he or she must! If they want the "tips", of course

Hi LuckyCheetah,

Unofortunately I can't disclose this information at the very moment. We agree that this information is something that you would expect to read in a project like this and we will disclose it after the pre-sale. But at the moment the core team and management decision is not to disclose the location of the physical premises. This is because we have several deals and due diligences running in the background, but also it is important for us to prepare a big announcement with much more details (location, licenses, and leases) leading up to the MAIN TOKEN SALE as a part of our communication strategy and brand positioning at that moment.

We are very transparent and in relation to the roadmap:
1) Certain milestones in the roadmap will be completed even before the main token sale.
2) All documents plans, license, location tenancy will be published on our Website BEFORE the main token sale even starts.

So you can be assured that this is as transparent and legitimate project as it can get (unlike some other token sales and projects where only an idea is mentioned, and no viable product is shown months down the roadmap and after the main token sale.)

We by no means stress you or anyone else to participate in the PRE-SALE if you are not confident in the project. You are more than welcome to participate in the main token sale instead once you are satisfied with the full disclosure. And it will be a very interesting disclosure and location!

physical interaction with the croupiers is a key part... Exactly, that is key, if you play at home or somewhere else, is not same as playing in some casino with friends or someone else...

So croupier must have wallet for PVE... 

Where the physical casino is going to be located?

I guess you could give them chips,that they can later exchange for cryptocurrency.

And about that scholar article,thats exactly what caught my eye.Online casino is all fine and dandy but cant really compare with playing at real casino with friends,having a drink and cheering  at each other.Hence such high discrepancy between income from online casino and real one.

Yes of course. Since all the games and tables are actually physical and there are chips involved, there is no one stopping a big "hot-streaker"  to share some of those chips back to the croupiers. They will just cash it in as regular gamers. Everybody can freely create an account on the exchange for that matter and buy-in, cash-out while on the premises. The physical interaction with the croupiers is a key part. 

I thing about dealers, how they gone get tips?  Are they gone have wallet also?

Thanks clix!

Yes, we believe that more bridges between the digital and physical domain like ours will surely just add up to the general acceptance of cryptocurrency throughout all businesses and activities. Gambling and gaming industry is, after all, one of the major drivers of the “consumption” in crypto-economy at this point although more in the digital fashion so we think this project will position us well on the market.

Regarding your question, absolutely yes! All token holder can visit the Providence premises, moreover, we encourage them to do so 

This is brilliant idea to push the cryptocurrencies to the mainstream this will be a new experience for people to try this type of gambling. All token holders will get chance to visit this casino when it will open its doors for public?

Hi Desmozgenes!

Yes, this is an experience we want to provide to the crypto enthusiasts. One part of the whitepaper has a scholar article that refers to those same effects that players have at a physical location casino.

Definitely interesting idea,connecting physical casino and crypto currencies.

As someone who worked in the casino for a few years i understand importance of overall atmosphere,making it big part of experience.You got my attention for sure!