Topic: Chips.gg |🎰 1000+ Slots |🎤 Live Casino |🎲 1% House Edge Dice |🏦 The Vault - page 35. (Read 25622 times)

There is a plan to make chips into a real token but obviously this is going to be a long term plan with no ETA because the plan for now would be focus on the casino but yeah it would be nice if this happens soon though


There are actually alot of new things happening around but it was mostly discussed on telegram group chat because thats where the chips community are gathering. As for the promotions and stuff, there are few currently ongoing promotion if you check this page https://chips.gg/events but yeah this thread should have been updated about it as well 

The idea of a bitcointalk topic is three fold ; one is the place giving us things to look out for, marketing or campaigns or promotions or bonuses etc etc and share every news as well from new features to some improvements maintenance etc, secondly it is for people to complain if there is anything wrong, so let's say you wanted to withdraw but it has been 24 hours and there is no news about it?

You come here and write, it works if you are a legit person because then they take a look and if you are legit then they help you (but if you are doing something against the rules then they let you know as well), and the last one is for gamblers of this place to have a place to chat with each other, it is rare to find friends to gamble together so you end up meeting with people here, or even telegram groups and you gamble while chatting which makes it happier. So it is not always about just not having any new things, there are other reasons to chat here as well.

As long as Chips.gg is up and running, the value of CHIP remains valid and it remains a valuable thing on the platform.
No, I think its value will be reset every time its difficulty increases to a new level
It is impossible that CHIP is only the internal currency of the Chips.gg platform, different from other cryptocurrencies on the market, tradable on other trading platforms. CHIP is simply the internal currency and has value only within its platform

My mistake, you are absolutely right, right now I am going to edit the post, I did not finish publishing due to a family problem that presented itself to me with my son, I was writing from my phone and it was published without finishing, but as you judge in a way like If you were very perfect then I answered that here, (sometimes you have the option of sending a Private Message, the idea is to improve and not go above the others to be successful) therefore in my publication I was giving the example to already established casino tokens, such as Betfury, obviously the CHIPs do not have their token in an Exchange, without a doubt what is sought for every casino is to have the highest of all income and the tokens come from there, what I said is The Speculative case for the Betfury token, in the case of the CHIPs tokens it is clearly to receive profits for having previously bet and my post lies in making the analogy for both, the consequences that they carry when they enter the speculative market, but thanks friend.

I can only guess from which dimension you fell out... do you even know anything about Chips casino?! You probably deserved a report for this post! Total spam, without reading previous comments, without any knowledge about Chips casino and Chips token...


Chips tokens are not listed anywhere, you can't move them... For hd49728 and LUCKMCFLY:


This is the only thing you can do with Chips tokens, to lock them and receive dividends! There are no "Chips tokens value, the estimated value", there is mining price... at the moment you need to wager $59 to earn 1 Chips token...  As Panjul07 said, we are currently on level 20, higher levels mean higher mining prices!

I am not aware of any casino with their own token that has an option for trading with their token on their platform! So hd49728 can you please tell me more about this "usually they are traded on casino only", about which casino you are talking about?! Enlighten me!

I think that the value of the token for now suffers the invests of the bear market of BTC, although it has many players who do Hodl, always the tokens will somehow depend on the value of BTC, although some casinos have their own tokens and have been listed in Exchanges, they lose their value because it is very difficult to maintain a price when investors, traders and whales go into action.

When a token enters the market, the situation already changes a lot, the market's speculation comes into action and anything can happen, the direction in which for now seeing the market is heading is in a bearish sense.

In my case, what I have done is forget about the tokens that I have and leave them there, and wait when the btc becomes bullish to see if it takes the direction, it may happen that it rises or not, I prefer to do it so than to sell, and what then the token rises, because that has happened to me.

Edit.

This is the case with a token from a casino platform called Betfury, and the consequence of this is that when you launch it on the speculative market it is very difficult to maintain its value, since it carries the market bets. In the case of the Chips token it is different, we already have a scenario where the tokens of a casino can have different uses, when you bet and you can get more tokens within the platform it can remain as a guarantee of possible advantages to reward the majority of the most loyal players, then if all casinos took as an example having their tokens, it would be like a greater guarantee that can be offered, just as Chips is doing.

So chip can increase in estimated value on Chips.gg and how long this value can last?

Whether the chip value will be reset every day?

If Chips can be traded on the casino or exchanged between gamblers via Escrow on the casino, it will be very great. It is not popular to see casino token is traded on crypto exchanges. Usually they are traded on casino only.

Right now it is the best moments of the chips situation because when it gets listed it becomes nearly worthless, I have now seen about 4 different casinos getting their things listed and all of them ended up losing all the value in them, because people turn that place into a token place instead of a casino place and that ruins everything, now you wager get more of it, if you could buy one for $0.10 then you will do that instead of wagering 50 bucks or so for it, and that is something horrible for chips as a result, they would rather get people to wager 50 bucks instead of paying 0.10 for buying it from someone else who once wagered.

All in all I would say it is not a good situation and there is a good chance that we may end up with less marketing for casino as well when that happens. I hope chips do not get listed as a token anywhere anytime soon.

When the topic is not getting love anymore, its rarely about not being used or gambled, it is usually there is nothing new to talk about. Go take a look at chips' website and you will see that it is still gambled probably as much as it used to be, I haven't felt any different so far, or even if there is a lower number of gambling it must be so little that I didn't feel it.

However in here there are really nothing new to talk about so people do not message, which shows that maybe there is lack of promotion PR, and I do not say promotion, I mean promotion "PR" which is basically telling the whole world that you are doing a promotion. I have seen people having 10k giveaway and spend another 10k on signature campaigns of that 10k giveaway, instead of having a 20k giveaway, which is totally correct move because if nobody knows then it means nothing.

It's what other casinos did with their tokens, so we can guess that Chips will do something similar, eventually! But who knows when will that happen, in some way Chips is young, and with only 20% mined chips I guess they will wait... until all chips are minted, or a little before that, we will see!


I will try it again for sure, Chips can't take all the time... one-day Chips will give back, with some nice bonus I hope!

Yes it was $30 per chip at the very beginning (level 1) as we all can see under the FAQ https://chips.gg/faq/vault-how-do-i-earn-chip-tokens
Now it is on level 20 where 1 chips = $59 wager and the difficulty will be increased every 1M chips minted.
I heard that Chips will be something tradeable and available on exchange, is it true?
If it is true, will it be tradeable once all chips are earned/minted (on level 100)?

IIRC it was $30 and at this point , its almost double the starting wagered amount needed to mine those chips.


Yeah I know exactly how this feels and I've been in this kind of situation as well in some other sites, it feels totally sucks to hit those bonuses and get anything below 50x. Funny thing about this is that all these sites have the same and identical slots from the same 3rd party providers but on some particular site, we could feel a little bit luckier than the other site.

Do you know the starting price? I started when it was $41-$42  to mine 1! I guess it's still cheap to mine, just 20% is mined!

Nice events for dice, crash and slot lovers! But I am taking a break from Chips, my last few deposits were a complete disaster! Many dead spins, and it's not like I am not hitting bonuses, I do... but most of them are under x20... with a few little over x30... unlucky period probably!

Giving the thread some love because it hasnt been updated for quite some time. Feel free to join the telegram to get a constant update on chips.gg https://t.me/Chipsgg. Sometimes the admins runs telegram exclusive event so you guys could get few bucks from it in case if you managed to hit the requirements 

Here is the list of the currently ongoing contest https://chips.gg/events



On another note, The Vault hit over $100k today with over 6 hours to go until the next profit share and almost 20% of chips max supply is mined. Players currently need to wager $59 to mine 1 chip right now, so mine it while its still cheap 

I am not sure if that is a "must". Of course adding more games and having more promotions bla bla everything extra is a great deal, we should definitely have that and there is no denying that. However I also think that if you are "nice" then people will come to you as well.

I know it is vague a bit so I will try to explain but it is not easily explained, it is like a feeling that you have to have about a casino and nobody else can explain it to you until you actually feel that for a casino. It is like a person, he is not the smartest, he is not the richest, he is not the best looking, he is basically nothing that Hollywood movies tell us about as the main character, however lately you are starting to see people who are none of these things but they are "nice", they always do the right thing, never make wrong choice and always helpful towards people around them and happy about others happiness. I don't know if that explains it, but when a casino is like that, you know you want to play there, it is a feeling.

It is not even that easy, you have to keep giving more and more games to people, it doesn't have to be new game but different version of same game, think about slots for example where you could have one slot made in the website and that is fine but there are now places offering up to 1000 different slots, competing with that requires you to partner up with some third party provider. There are blacjacks now in many places there are basically all kinds of games and there are several I have never heard before as well.

It is really getting very very competitive. However you are right, there are billions of dollars made in this online crypto gambling world so each company is trying to take their own share of that, which requires you to spend a lot of money. If you are small time place with not so much funds then you have zero chance to succeed in here.

I agree the online gambling industry now because of the pandemic has become the largest income-generating online it's a multi-billion dollar industry, and each one wants to get the big slice, and we here on Bitcointalk obviously knows who got the big slice, those gambling sites that offer a lot of features bonuses, maintain their reputation and takes care of their players by offering them something new.

Can we basically say that crypto gambling world is the biggest fight of the free market? I mean it is as free as it gets because there is a big lack of regulations (aside from KYC that is pumping up these days) and you can do whatever you want as a casino, while trying to get gamblers to pick you, many even took advantage of this situation and scammed gamblers as well, we all remember those casinos that shall not be named.

So in the gambling world, we have companies who are trying their hardest, and some of them becomes the best, some of them goes down the drain and that is how the free market works. It is like capitalism won the whole world and we are extreme version of American capitalism in the crypto gambling world. The best one survives, and the worst one just bankrupts big time. Meanwhile the winner is always the gamblers because they get better and better stuff from casinos that are trying to be the biggest.

Yeah I agree, The overall experience is what we weigh to rank the casinos we play from other casinos. Every casino has common gambling games and what matters the most is how did they present us or offer us those games. With the steep competition of crypto casinos, Every feature is necessary for them to stand out the most. They also need to perform consistently to get their customer's loyalty to them.

Those "little" things are what makes the casinos different from each other. When you look at it in its core all casinos are basically few games, dice, crash, slots like you named, few others as well, but they are all the same game. What makes them different from each other? To start off with there is design like we said, because design matters a ton and makes you distinguish yourself from the other places. Then there is support, when you have a better support than everywhere else that matters a lot, then there is marketing, if you do great marketing and do promotions and bonuses and so forth that helps you out a million times more as well.

Basically you take a core website that every other casino has, and everyone builds from the same ground and make different buildings on top of that same plot of land. That is how chips became so good as well, because their building is great.