DAO.Casino to Launch Token Sale Today

dogedice.me

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Quote from: adoalli on July 20, 2017, 09:41:27 AM

If the bets being rolled are big and players are constantly playing then how can you say that casinos on smart contract are not at par with casinos deployed by traditional approach. At the end of the day what it matters is how many people do come back to play..? From what i have read is that Ethereum smart contracts are being deployed in every field now and will soon replace the traditional approach. I may not be much eligible as you to comment on this but i told you what i felt.
Sorry if i have commented anything wrong.

That's okay. It is a common misconception about casinos on smart-contracts.

Check vDice - https://www.vdice.io/ - they hide wagered volume and net profit, but show number of bets - only 55,537 bets
Another casino Etheroll - http://www.cryptocurrencychart.com/etheroll-live-stats/USD - their users wagered 91,841 Ethereum with 49.000 BETS

What's more important is that their users PAID 58,437 USD in COMMISSIONS to play the game. It's more than 1 USD per bet.

All Ethereum casinos combined is about 1% of the Bitcoin casino volumes. Bitcoin volume is only about 5% of the whole online gambling market.

Regular players do not care about smartcontracts, they will not install special browser, special plugin and remember some special seed to play.

That's why BitDice is targeting FIAT players, rather then concentrate on smart-contract games.

PS: Sorry for the previous post, it's Edgeless who lost all funds and not Etheroll.

Regards,
Alex.

adoalli

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Quote from: dogedice.me on July 20, 2017, 09:36:45 AM

Quote from: adoalli on July 20, 2017, 09:22:10 AM

So finally DAO Organisation started their casino to recover the lost funds? Are they the real DAO organisation? I am sure they have still a huge budget to crush any favorite gambling platform here.

Unfortunately, that's a huge misunderstanding.

Crypto market is less than 5% of the global fiat market. You can see how so-called huge ICOs that have some traction now performed. Like vDice and Etheroll (who by the way lost all funds yesterday with parity exploit). vDice has 50.000 bets, etherol has 90.000 ETH wagered. On BitDice players made several million bets and wagered more than 300.000 ETH for the same period.

Casinos on smart contracts have a huge drawback. Only BitDice Casino now targeting a fiat casino market with a market size 20x times bigger than crypto.

Regards,
Alex

If the bets being rolled are big and players are constantly playing then how can you say that casinos on smart contract are not at par with casinos deployed by traditional approach. At the end of the day what it matters is how many people do come back to play..? From what i have read is that Ethereum smart contracts are being deployed in every field now and will soon replace the traditional approach. I may not be much eligible as you to comment on this but i told you what i felt.
Sorry if i have commented anything wrong.

dogedice.me

hero member

Activity: 776

Merit: 522

Quote from: adoalli on July 20, 2017, 09:22:10 AM

So finally DAO Organisation started their casino to recover the lost funds? Are they the real DAO organisation? I am sure they have still a huge budget to crush any favorite gambling platform here.

Unfortunately, that's a huge misunderstanding.

Crypto market is less than 5% of the global fiat market. You can see how so-called huge ICOs that have some traction now performed. Like vDice, Etheroll and Edgeless (who by the way lost all funds yesterday with parity exploit). vDice has 50.000 bets, etherol has 90.000 ETH wagered. On BitDice players made several million bets and wagered more than 300.000 ETH for the same period.

Casinos on smart contracts have a huge drawback. Only BitDice Casino now targeting a fiat casino market with a market size 20x times bigger than crypto.

Regards,
Alex

adoalli

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So finally DAO Organisation started their casino to recover the lost funds? Are they the real DAO organisation? I am sure they have still a huge budget to crush any favorite gambling platform here.

Pamadar

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Quote from: klf on July 20, 2017, 12:35:34 AM

Quote from: TheCoinFinder on July 19, 2017, 11:20:33 PM

Hola, i was thinking to be in its ico but looks a bit shaddy. is this a warning to keep ourselves safe from dao-casino tokens purchase?
Or if it is is a temporary whitehack markup, we convene updated news on it as the condition goes.

There are so many coins and ico are there to purchase then why you want to involve which they are not able to secure the funds properly. Whatever the reason but still the fault goes to the team who is managing these funds. My opinion is just to avoid and buy some other coins or ico.

why risking your investment with something that you think that will not perform, there's a lots of ico and there's also other project similar
to this as casino owners are seeing the big potentials if they got something out from ico and use that to support further developments,.

jpouza

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Quote from: klf on July 20, 2017, 12:35:34 AM

Quote from: TheCoinFinder on July 19, 2017, 11:20:33 PM

Hola, i was thinking to be in its ico but looks a bit shaddy. is this a warning to keep ourselves safe from dao-casino tokens purchase?
Or if it is is a temporary whitehack markup, we convene updated news on it as the condition goes.

There are so many coins and ico are there to purchase then why you want to involve which they are not able to secure the funds properly. Whatever the reason but still the fault goes to the team who is managing these funds. My opinion is just to avoid and buy some other coins or ico.

I share the same opinion, I would keep a distance from the majority of ICOs, since most of them are really showing bad behaviors, to not say other word.

The problem is which one is reliable to invest, also Ethereum is suffering again due to the multi-sig wallets being hacked, I would stay out of those ETH tokens to not get hurt.

It´s always the same thing, investors join in, and near the ICO release, the dev team say it has been "hacked" or something else to stole people´s money.

klf

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Quote from: TheCoinFinder on July 19, 2017, 11:20:33 PM

Hola, i was thinking to be in its ico but looks a bit shaddy. is this a warning to keep ourselves safe from dao-casino tokens purchase?
Or if it is is a temporary whitehack markup, we convene updated news on it as the condition goes.

There are so many coins and ico are there to purchase then why you want to involve which they are not able to secure the funds properly. Whatever the reason but still the fault goes to the team who is managing these funds. My opinion is just to avoid and buy some other coins or ico.

TheCoinFinder

legendary

Activity: 938

Merit: 1001

Hola, i was thinking to be in its ico but looks a bit shaddy. is this a warning to keep ourselves safe from dao-casino tokens purchase?
Or if it is is a temporary whitehack markup, we convene updated news on it as the condition goes.

MinerHQ

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Quote from: Grant Hero on July 19, 2017, 06:41:27 PM

Has anyone seen the Dao Casino homepage today? It appears that they have paused their token sale due to vulnerabilities in the Parity wallet. Ouch...

Here is the complete message for their home page.

DAO.Casino
IMPORTANT ALLERT!
Parity’s multisig feature has a critical vulnerability. You could read more here https://blog.parity.io/security-alert-high-2
Almost all parity multisigs were devastated with including ours;

A swift response from a whitehat hacker group used the same exploit to drain many other project’s parity multisig wallets, INCLUDING OURS, in order to protect them from theft. According etherscan.io our token sale wallet is marked as whitehat. Here is the link: https://etherscan.io/address/0x1dba1131000664b884a1ba238464159892252d3a

In connection with this reason, we temporarily stopped the token sale campaign. More detailed comments will be submited later.
We’ll provide all updates ASAP.

It is better to avoid these ETH tokens purchase for a while. So all pre-sale investors money lost is it?

Grant Hero

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Has anyone seen the Dao Casino homepage today? It appears that they have paused their token sale due to vulnerabilities in the Parity wallet. Ouch...

tyz

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DAO.Casino Raises 50% of Max Cap During the First Day of Its Ongoing Token Sale Campaign

Blockchain-based gambling protocol launched its token sale campaign on June 29, 2017, raises $12 million at the first day. The DAO.Casino token sale campaign has had a very successful start on June 29, 2017 after it raised over $9 million in under half an hour. The blockchain based betting platform is offering this unique opportunity to investors and cryptocurrency community members who are interested in supporting further development of a decentralized protocol for the gambling industry.
The DAO.Casino protocol is already available as an MVP, and with its official launch, the platform is sure to cause a widespread disruption in the entire online gambling industry. The solution created by the company will introduce fairness, transparency and mutual profitability into online gambling, through blockchain technology...more

slackcryptoz

sr. member

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That's looks to be a project to make a better perspective in the online casino industry. The promotion was not that effective, else this could have gained more investment. Hope the current investment gained is also good for a better value for the token in the future.

Tipstar

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Vave.com - Crypto Casino

Though I don't like things as token which has nearly zero crypto behavior and is privately owned centric (nothing).
But everything's value is based on the users. There seems to be a lot of hard work behind DAO and this is one of the token I would like to deal with.

adaseb

legendary

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Well so far its very successful because they have raised over $13,000,000 most likely it will reach the cap of $25,000,000.

Its funny how they capped it in $ value instead of ETH tokens. Probably to protect themselves if ETH starts crashing.

MinerHQ

legendary

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On the first day of the token sale, early contributors can buy 2,000 BET tokens for 1 ETH. Is that means these tokens can be used only for betting? Or these tokens can be used to trade on any exchange? Will these tokens listed in any exchange immediately after this sale finish?

Bit confused, need a clarification. If it can be traded then I will consider investing some money into it.

pizamoi

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I think funfair achieves the goals of daocasino much better. They have already developped a platform and will be licensing it out to operators to use.

piloder

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Is 25$ million is minimum cap or maximum? If it is minimum than we can't expect exponential price rise when they will be listed on exchange because almost all interested investors will buy this token during ICO and nobody will be willing to pay higher price when listed.

There is no doubt that this project is quite revolutionary but we have to wait for further development, We have seen lots of other projects/ICO before which have failed to deliver what they have promised.

adaseb

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Quote from: newIndia on June 29, 2017, 01:58:40 PM

Quote from: adaseb on June 29, 2017, 01:51:00 PM

$25 million is actually consider low for ETH ICOs. The Bancor was like $150,000,000 and the one last week, Status or something was another $90,000,000. Its really crazy these large amounts that are being raised.

Those were max cap. Did they able to raise that amount?

Quote from: adaseb on June 29, 2017, 01:51:00 PM

I think many people that are investing in these ICOs are the ones who bought ETH at $10 and figure it might be worth the risk.

Part of the funding is definitely coming from owner's own pocket to be a breaking news in market. Apart from that there are also people of similar mindset in early bitcoin world, who invested in scams made by Pirate@40 or Tradefortress. These are greedy hands of every crypto community. They dont create the HODLer class.

That's basically another theory.

Make a huge $100 million ICO, buy like $50 million of it yourself to create demand, at the same time hedge your ETH with Bitfinex/Poloniex incase its value drops, and after ICO is done the funds are released to you and you get your original ETH back.

newIndia

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Quote from: adaseb on June 29, 2017, 01:51:00 PM

$25 million is actually consider low for ETH ICOs. The Bancor was like $150,000,000 and the one last week, Status or something was another $90,000,000. Its really crazy these large amounts that are being raised.

Those were max cap. Did they able to raise that amount?

Quote from: adaseb on June 29, 2017, 01:51:00 PM

I think many people that are investing in these ICOs are the ones who bought ETH at $10 and figure it might be worth the risk.

Part of the funding is definitely coming from owner's own pocket to be a breaking news in market. Apart from that there are also people of similar mindset in early bitcoin world, who invested in scams made by Pirate@40 or Tradefortress. These are greedy hands of every crypto community. They dont create the HODLer class.

adaseb

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Quote from: newIndia on June 29, 2017, 01:46:04 PM

Another

Quote from: tyz on June 29, 2017, 12:57:36 PM

$25 million worth of ETH (83333,33).

will be wiped out of the market.

$25 million is actually consider low for ETH ICOs. The Bancor was like $150,000,000 and the one last week, Status or something was another $90,000,000. Its really crazy these large amounts that are being raised.

I think many people that are investing in these ICOs are the ones who bought ETH at $10 and figure it might be worth the risk.

Food2

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Apparently, they sold a crapload in the presale.

Congrats to the devs. I will be investing later on, hope it'll be worth it!

newIndia

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Another

Quote from: tyz on June 29, 2017, 12:57:36 PM

$25 million worth of ETH (83333,33).

will be wiped out of the market.

michkima

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Interesting project, I am sure to check it out later today. Though problem I have with this is they are accept only ETH, as far as I know, and there is really a cost of converting btc to ETH. Though I'll weigh if it is worth the cost though, as I think it could be a good project for the long run.

tyz

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DAO.Casino, a project developing a universal blockchain-based protocol for online casinos, will be launching its token sale that seeks to raise funds for further development of its product.

The campaign, which launches at 01:00 PM GMT, will last until July 26th, 2017 or until its cap is reached, whichever occurs earlier. The project seeks to raise $25 million worth of ETH (83333,33). Thanks to the recent release of a minimum viable product for its protocol, the team decided against setting a minimum cap as the MVP would allow them to roll out the protocol in any case.

http://bitcoinist.com/dao-casino-to-launch-token-sale-today/

Topic: DAO.Casino to Launch Token Sale Today (Read 918 times)