- Link: bitkong.com
- Official BTT thread: https://bitcointalksearch.org/user/bitkongme-569305
- Token's Name: KONG
- How to Earn token: Spins on the Magic Wheel, Airdrops on Twitter and Telegram channels, or purchase it via Web3 Wallets like MetaMask.
Once you have KONG and play with it, you can continue winning more via the KONG Chests, the KONG Leaderboard, and the KONG Cashback - Supply of the Token: The KONG token has a unique maximum supply for each of the networks it trades on.
Topic: CRYPTO CASINOS WITH STAKING FEATURE (THEIR OWN TOKEN) (Read 556 times)
BitKong.com
Staking native tokens helps in creating more market circulation to the respective token. When there is much of real-time usage people easily dump the tokens and the same causes big negative impact over its entire development and market value. This is the reason why the staking process gets more importance. Maybe the best among these gambling tokens could get long term profit.
yes, staking brings deflationary pressure to a project from one side, because of locking tokens out of circulating supply
but could also bring inflation with the rewards
each team should calculate it
not all these casino tokens have public tokenomics, right?
will look more into it, but this is definitely something to be alert about
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I already tried one so far this is on Betfury staking the reward on this site is more convincing than the others I think, I earned different crypto from months of staking BFG token like btc, eth, bnb, tron already take profit and still staking some BFG for long term great passive income from this casinos.,
It would be nice if you can share with us how many BFG you stake and how much you earn in daily/monthly basis. I know betfury provides earning estimation on their Staking page but actual experience from you will be nice. How did you earn the BFG? Did you buy it from the exchange or you earned by wagering? How long till you get ROI from what you have invested?
I don't know if this is same with staking feature, freebitcoin has saving feature you can locked FUN Token to earn interest and the period has a choice, and this very limited period
- Link: https://freebitco.in/?op=home#
- Official BTT thread: https://bitcointalksearch.org/topic/freebitcoin-200-freebtcwin-lambo02btc-dailyjackpot32500-wager-contest-320959
- Token's Name: FUN Token
- How to Earn token: Buy in many exchange like Binance
- Supply of the Token: 10,999,873,621 (based on CMC)
I don't think it is a proper staking coin but rather they are just providing rewards for locking it up on their platform.
Staking is when we are putting our coins at stake as validators to help the blockchain ecosystem of that particular project.
I am not sure how many coins in OP are serving this purpose. May be most of them are just lent to others for rewards and not actually staking.
I already tried one so far this is on Betfury staking the reward on this site is more convincing than the others I think, I earned different crypto from months of staking BFG token like btc, eth, bnb, tron already take profit and still staking some BFG for long term great passive income from this casinos.,
It would be nice if you can share with us how many BFG you stake and how much you earn in daily/monthly basis. I know betfury provides earning estimation on their Staking page but actual experience from you will be nice. How did you earn the BFG? Did you buy it from the exchange or you earned by wagering? How long till you get ROI from what you have invested?
Staking native tokens helps in creating more market circulation to the respective token. When there is much of real-time usage people easily dump the tokens and the same causes big negative impact over its entire development and market value. This is the reason why the staking process gets more importance. Maybe the best among these gambling tokens could get long term profit.
This thread is helpful.
I only know about earnbet as they've been active in marketing before and it's nice to see that there are others that also offer to stake.
If there's someone who's been an investor with any of those, it would be great to hear their experience.
I only know about earnbet as they've been active in marketing before and it's nice to see that there are others that also offer to stake.
If there's someone who's been an investor with any of those, it would be great to hear their experience.
Its been quite a while since the era of Staking/Dividend feature exist in this crypto gambling industry so here in this thread I want to make a list of crypto casinos with staking feature where players can earn some money from the casino's profit. Hope this list will help those who are looking for it or interested to the Staking feature.
Good list and it certainly helps to see them all in a single list. I would request/suggest you to put dividends in the topic title instead of staking because it might confuse some players.From the list you have given, I guess I have only played at betfury and they have also introduced the farming of the tokens which certainly seems to bring the value of the tokens a little bit down.
Thank you very much for great information, I have bookmarked the page as I might try these other unknown casinos in the coming days.
Betfury is deserving on the number on spot on this list I think it is the only one which I have and will continue to use. I do think it is better for the gambler to use Bitcoin or other altcoins to gamble with instead of the casinos own token because you can profit more on using Bitcoin. If you win 1 Bitcoin that could go up in the future and earn you a lot more money but that is not possible if you are storing your winnings in tokens.
We're not discussing whether bitcoin or some altcoin (or token) is better for gambling, but how dividends can be earned by staking casino's native tokens.
In the case of Betfury casino, you can stake BFG tokens in order to earn money from the dividend pool. Your earnings are dependent upon how many tokens you keep in your account.
Betfury is deserving on the number on spot on this list I think it is the only one which I have and will continue to use. I do think it is better for the gambler to use Bitcoin or other altcoins to gamble with instead of the casinos own token because you can profit more on using Bitcoin. If you win 1 Bitcoin that could go up in the future and earn you a lot more money but that is not possible if you are storing your winnings in tokens.
but i think the staking function wont work if you use cryptos other than thier own issued token ? and we can play on the gambling sites that we prefer if we dont want to stake because there are now lots of good gambling sites that are being released from time to time. btc , alts as long as they are not stable can change thier value so dont say early that we can earn more if we use them
Betfury is deserving on the number on spot on this list I think it is the only one which I have and will continue to use. I do think it is better for the gambler to use Bitcoin or other altcoins to gamble with instead of the casinos own token because you can profit more on using Bitcoin. If you win 1 Bitcoin that could go up in the future and earn you a lot more money but that is not possible if you are storing your winnings in tokens.
I haven't used them yet although, I've heard of it a long time ago, I think that they've promoted that token in their gambling thread and a lot were happy and some aren't. Using bitcoin is double edged, you can win big and you can also lose big so it's not really the best there is. 
Betfury is deserving on the number on spot on this list I think it is the only one which I have and will continue to use. I do think it is better for the gambler to use Bitcoin or other altcoins to gamble with instead of the casinos own token because you can profit more on using Bitcoin. If you win 1 Bitcoin that could go up in the future and earn you a lot more money but that is not possible if you are storing your winnings in tokens.
Depends on who you ask, I too think that they deserve that spot but we have to look at it at macro level, there are other people that will probably like more those other tokens and we don't know about it.
Betfury is deserving on the number on spot on this list I think it is the only one which I have and will continue to use. I do think it is better for the gambler to use Bitcoin or other altcoins to gamble with instead of the casinos own token because you can profit more on using Bitcoin. If you win 1 Bitcoin that could go up in the future and earn you a lot more money but that is not possible if you are storing your winnings in tokens.
Been on that thread too but I wasn't aware of that chips.gg and fairspin.io to have their own token for staking.
You miss WINK https://coinmarketcap.com/currencies/wink/ I didn't know the details of how to earn their tokens and all but I believe they have the staking system.
You miss WINK https://coinmarketcap.com/currencies/wink/ I didn't know the details of how to earn their tokens and all but I believe they have the staking system.
If you would not mind, kindly use the format or at least give me a direct link to the casino so I can check it directly asap. I searched it by googling and I found wink.org but I cant access the site (Error 1020). Is wink.org is the correct one or I got it wrong?
I tried Eosbet before, I think they don't have staking at that time you will only receive dividends if I am correct. Now they have staking which is also nice, one thing I want to have in these websites with their own token is you can use their coin to place bet and exchange to Bitcoin or you can stake it to earn more. I'm not sure if investing to stake on gambling sites are worth it.
Is staking in their tokens profitable though? I mean from what I've heard from some of my friends that staking is a profitable way to make money while not doing anything besides hodling the coins. I prefer to do bankroll investing than staking in these tokens to be honest since I know that I can guarantee a profit there in the long-term.this will vary a lot from project to project, usually APY rates are variable and even if its profitable now it doesnt mean it will remain profitable when time goes on.
always do your own research on that and use risk management before apeing in this kind of project.
I tried Eosbet before, I think they don't have staking at that time you will only receive dividends if I am correct. Now they have staking which is also nice, one thing I want to have in these websites with their own token is you can use their coin to place bet and exchange to Bitcoin or you can stake it to earn more. I'm not sure if investing to stake on gambling sites are worth it.
Is staking in their tokens profitable though? I mean from what I've heard from some of my friends that staking is a profitable way to make money while not doing anything besides hodling the coins. I prefer to do bankroll investing than staking in these tokens to be honest since I know that I can guarantee a profit there in the long-term. snip
That would be a different topic because related to speculation about the token. I want this thread to be focused on the staking feature only, how it works, how profitable it is and something else.
Is it more profitable to the gambling website if they are using their own token instead of Bitcoin as a wager? I do not understand why people would be more interested in staking gambling websites when they have added their own token because they can earn more money. There is no advantage to the person betting only the house.
I guess you misunderstand something here. To get the token, players need to wager with real money (bitcoin, eth and any other available coins on the casino). Once you earn the token by wagering real money, you can stake it and earn some money from the house's profit. Whether it is an advantage for player or not, it is all about preferences.
Is it more profitable to the gambling website if they are using their own token instead of Bitcoin as a wager? I do not understand why people would be more interested in staking gambling websites when they have added their own token because they can earn more money. There is no advantage to the person betting only the house.
many variables here but sometimes the transfer taxes are smaller than BTC so its cheaper to use it
the casino can have more control over supply and use it for giveaways and promos...
it could make it easier but I'd keep an eye on the marketcap of these if buying any
Is it more profitable to the gambling website if they are using their own token instead of Bitcoin as a wager? I do not understand why people would be more interested in staking gambling websites when they have added their own token because they can earn more money. There is no advantage to the person betting only the house.
It must be profitable particularly to the casino which their token can inky be earned by gamblers when they play games because by this the players have to keep playing to earn the tokens. While likely not very profitable if the tokens can be bought on exchanges.
They did have strategy in doing it. If they could turn their tokens into a defi token, thats once again another twist.
I used to own BET token but threw it away because they didn't deliver more games as promised. At that time IIRC, the token was automatically staked, users just have to claim via the website. If you are lucky, you can buy some tokens with some claimable balance, especially if the token spent its significant time on the market. Conversely, for chips.gg, you have to lock the chips once, but the reward is automatic.
Anyway, for slots players, Betfury has the fairest distribution mechanics, but the downside is no Play'n GO slots.
Anyway, for slots players, Betfury has the fairest distribution mechanics, but the downside is no Play'n GO slots.
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