Topic: dao.casino why the hell do we need this ico? (Read 464 times)
This looks interesting. Eth platform makes me nervous though. Great domain.
Guys,
seriously. It is a copy of satoshidice, already life since years...
Why is this ICO happening and why do people invest in this shit?
seriously. It is a copy of satoshidice, already life since years...
Why is this ICO happening and why do people invest in this shit?
simple reason, people always think when they invested on ICO they got the cheap price,,
and this ICO happening because they need money to develop and funding their project
Seriously, its crazy seeing Satoshidice clones raising money in IPOs in this market. 
But DAO.Casino is no Satoshidice clone.
1 ) Business model
They are attempting to build a platform for games of chance over Ethereum. This enables existing/new casino operators to build over this platform instead of starting from scratch. This will help the casino operators 'blockchain' their business - in the RNG, payment mechanism, trustless
DAO.Casino is NOT (or should not) be building games and spending a shitload of money getting and retaining customers. They will deal with specialists in the casino business who will pay them a % for use of their platform. This is pretty much the best business model that can one can expect.
2) Target market
They are targeting a current pain point in a huge market. If the token secondary market can value prediction market tokens at a market-cap of USD 300 million and IoT powering coins at a market-cap of USD 1,000 million then DAO.Casino seems like a decent bet.
The ICO market loves gambling issues.
3) ICO terms
They were raising a very modest (by current ICO standards) USD 15 million. The pre-sales response has made them go for USD 25 million. ICO participants get 70% of the BET tokens being issued.
The tokens allocated to the founders vest over a 2 year period. How many ICOs do this currently?
We have a detailed report on the DAO.Casino ICO at - https://www.slideshare.net/TokenRating/ico-research-report-bet-token-issuance-by-daocasino
You could get more details there. Comments welcome!
But DAO.Casino is no Satoshidice clone.
1 ) Business model
They are attempting to build a platform for games of chance over Ethereum. This enables existing/new casino operators to build over this platform instead of starting from scratch. This will help the casino operators 'blockchain' their business - in the RNG, payment mechanism, trustless
DAO.Casino is NOT (or should not) be building games and spending a shitload of money getting and retaining customers. They will deal with specialists in the casino business who will pay them a % for use of their platform. This is pretty much the best business model that can one can expect.
2) Target market
They are targeting a current pain point in a huge market. If the token secondary market can value prediction market tokens at a market-cap of USD 300 million and IoT powering coins at a market-cap of USD 1,000 million then DAO.Casino seems like a decent bet.
The ICO market loves gambling issues.
3) ICO terms
They were raising a very modest (by current ICO standards) USD 15 million. The pre-sales response has made them go for USD 25 million. ICO participants get 70% of the BET tokens being issued.
The tokens allocated to the founders vest over a 2 year period. How many ICOs do this currently?
We have a detailed report on the DAO.Casino ICO at - https://www.slideshare.net/TokenRating/ico-research-report-bet-token-issuance-by-daocasino
You could get more details there. Comments welcome!
Profits.
It's more than just a game, it is protocol for gambling industry (ethereum of gambling) you should check the whitepaper
Guys,
seriously. It is a copy of satoshidice, already life since years...
Why is this ICO happening and why do people invest in this shit?
seriously. It is a copy of satoshidice, already life since years...
Why is this ICO happening and why do people invest in this shit?
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