Yup, it's difficult to keep the same (30%) percentage every time they (really) burn tokens from the market. Hence, it's easier to lock it somewhere permanently. However, it also comes with one major drawback, i.e., BET token doesn't get more valuable because of the total supply is unchanged.
It means that the token holders cannot expect more dividend if they didn't increase their BET holding.
Topic: 🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 - page 46. (Read 24577 times)
September 12, 2019, 07:57:35 AM
September 12, 2019, 07:19:10 AM
First of all they are actually burning "their" tokens no matter what, they buy it and they burn it, if they didn't burn it then they would have owned it which makes it "theirs" to start with. However, at the same time we are talking about the original tokens they had, like if they are burning tokens they buy from us, they could very well burn their own tokens to match it up. Let's assume they own 1/3 of all tokens possible right?
If they buy 3 bet tokens and burn it, they should burn 1 of theirs as well to keep their % same. If they just buy from us and burn it constantly that would mean they will have more than 33% of the whole tokens, eventually if they keep doing this they will have 50%+ as well. I mean they don't have to, but that would be sweet if they did.
If they buy 3 bet tokens and burn it, they should burn 1 of theirs as well to keep their % same. If they just buy from us and burn it constantly that would mean they will have more than 33% of the whole tokens, eventually if they keep doing this they will have 50%+ as well. I mean they don't have to, but that would be sweet if they did.
Ah, now i understand what you mean. They didn't promise that but i agree that would be a nice gesture from them.
September 12, 2019, 03:05:24 AM
Honestly, as a long time fan this was the worst idea yet. This just means that your telegram channel is rapidly coming beyond useless. If someone has convinced you on that the number of subscribers of the telegram channel counts on something, they don't know what they are talking about or just lied.
I agree about the members count in telegram with all the possible botting is no stat to look at. However they have also stated they will check for botting and filter those out.
On the plus side, I've noticed an increase in dividends since they started this promo, so if those are related I'd say it's doing something good for all BET holders. We can probably expect more of these TG events for BTC and BCH as well, maybe ETH/XRP/BNB as well when it's released.
Last thing: I don't believe we should bash this promo against a signature campaign. EOSBet can do them both, even at the same time if they want. All I care about is is it working in terms of volume on the platform that turn into dividends in my wallet
September 11, 2019, 10:56:25 PM
First of all they are actually burning "their" tokens no matter what, they buy it and they burn it, if they didn't burn it then they would have owned it which makes it "theirs" to start with. However, at the same time we are talking about the original tokens they had, like if they are burning tokens they buy from us, they could very well burn their own tokens to match it up. Let's assume they own 1/3 of all tokens possible right?
If they buy 3 bet tokens and burn it, they should burn 1 of theirs as well to keep their % same. If they just buy from us and burn it constantly that would mean they will have more than 33% of the whole tokens, eventually if they keep doing this they will have 50%+ as well. I mean they don't have to, but that would be sweet if they did.
If they buy 3 bet tokens and burn it, they should burn 1 of theirs as well to keep their % same. If they just buy from us and burn it constantly that would mean they will have more than 33% of the whole tokens, eventually if they keep doing this they will have 50%+ as well. I mean they don't have to, but that would be sweet if they did.
September 11, 2019, 10:24:54 PM
We have exciting news for our community!
Exciting? I don't understand how this telegram invites (giveaway) can be beneficial for EOSBet. You need more users/gamblers, not bots or uninterested telegram users.They are there only to earn LTC. Moreover, for 66 LTC (about 0.47 BTC), you can have BTC signature campaign here for at least four weeks (assumed one participant cost 0.005 BTC and the campaign can take maximum 20 participants per week).
Agree. Articles looks more enticing and professional than doing these kind of gimmicks. These telegram giveaway events will just lead to inviting people who aren't aware that they became part of that telegram group suddenly. But on the other hand, if this event will be held on huge chinese and korean telegram group then this can be very helfpful.
September 11, 2019, 03:26:07 PM
Yep a signature campaign would be a good promotion but this time pay with LTC or BTC not the BET tokens since its already listed in the exchange, it will only bring the price to the ground. Definitely this will make us dump before the team pays the participants. Or probably just an article marketing for the project, this will be like search engine optimization for the eosbet website.
September 11, 2019, 08:29:33 AM
Join our 66 LTC give away event!
Rules are very simple:
- Follow
@EOSBetCasino
- Retweet the LTC post and invite at least 2 friends
- Talk to @eosbetpromoter_bot in Telegram
- The more people you invite, the more LTC you receive!
Successful earning!
Rules are very simple:
- Follow
@EOSBetCasino
- Retweet the LTC post and invite at least 2 friends
- Talk to @eosbetpromoter_bot in Telegram
- The more people you invite, the more LTC you receive!
Successful earning!
Honestly, as a long time fan this was the worst idea yet. This just means that your telegram channel is rapidly coming beyond useless. If someone has convinced you on that the number of subscribers of the telegram channel counts on something, they don't know what they are talking about or just lied.
September 11, 2019, 07:56:13 AM
We have exciting news for our community!
We just started a brand new promotion - 66 LTC giveaway!
Invite your friends to our Telegram group and get a share of the prize.
We just started a brand new promotion - 66 LTC giveaway!
Invite your friends to our Telegram group and get a share of the prize.
Join our 66 LTC give away event!
Rules are very simple:
- Follow
@EOSBetCasino
- Retweet the LTC post and invite at least 2 friends
- Talk to @eosbetpromoter_bot in Telegram
- The more people you invite, the more LTC you receive!
Successful earning!
September 11, 2019, 06:23:16 AM
We have exciting news for our community!
Exciting? I don't understand how this telegram invites (giveaway) can be beneficial for EOSBet. You need more users/gamblers, not bots or uninterested telegram users.There are some Telegram bounty campaign that ask participants to invite some users. These groups usually have more than 30,000 subscribers. But almost all of the users are inactive. In some groups some users only make spam posts.
The giveaway that has been offered will likely make the Telegram group similar to that tokens groups.
September 11, 2019, 06:09:14 AM
We have exciting news for our community!
Exciting? I don't understand how this telegram invites (giveaway) can be beneficial for EOSBet. You need more users/gamblers, not bots or uninterested telegram users.They are there only to earn LTC. Moreover, for 66 LTC (about 0.47 BTC), you can have BTC signature campaign here for at least four weeks (assumed one participant cost 0.005 BTC and the campaign can take maximum 20 participants per week).
September 10, 2019, 11:57:28 PM
Considering the team has made a ton of money from their share of the bet dividends they got from the start of this, I am pretty sure they could afford to burn a ton more eos tokens. I also want to know, are you guys just buying bet tokens and burning them or are you burning any of yours as well?
I am checking the website right now and it still shows a total supply of 88 million which I am pretty sure is not correct now considering you guys burnt some (or maybe you haven't burnt yet?), it would be great to know how much you guys bought or burnt or whatever by watching it on the website as well so we could know who owns how much and having 10k would mean how much % of the total supply etc to estimate how much we would be making with our own bet tokens.
I am checking the website right now and it still shows a total supply of 88 million which I am pretty sure is not correct now considering you guys burnt some (or maybe you haven't burnt yet?), it would be great to know how much you guys bought or burnt or whatever by watching it on the website as well so we could know who owns how much and having 10k would mean how much % of the total supply etc to estimate how much we would be making with our own bet tokens.
They are "burning" what they buy back publicly, you can follow the amount in here:
https://bloks.io/account/eosbetlocked
But i don't get what you mean by burning any of their tokens. Why would they burn any of their own tokens?
September 10, 2019, 11:25:18 PM
Considering the team has made a ton of money from their share of the bet dividends they got from the start of this, I am pretty sure they could afford to burn a ton more eos tokens. I also want to know, are you guys just buying bet tokens and burning them or are you burning any of yours as well?
I am checking the website right now and it still shows a total supply of 88 million which I am pretty sure is not correct now considering you guys burnt some (or maybe you haven't burnt yet?), it would be great to know how much you guys bought or burnt or whatever by watching it on the website as well so we could know who owns how much and having 10k would mean how much % of the total supply etc to estimate how much we would be making with our own bet tokens.
I am checking the website right now and it still shows a total supply of 88 million which I am pretty sure is not correct now considering you guys burnt some (or maybe you haven't burnt yet?), it would be great to know how much you guys bought or burnt or whatever by watching it on the website as well so we could know who owns how much and having 10k would mean how much % of the total supply etc to estimate how much we would be making with our own bet tokens.
September 10, 2019, 11:47:33 AM
66 LTC equals to around 0.4 BTC in total, that is not a small amount of fund. Personally, I think the EOSbet team should consider to run signature campaign again, which might have better effects than Telegram give away. I think with that fund, the team can use it to run a new campaign that last for a few weeks, depends on pay rates and how many participants (should be quality posters only) in total.
EOSbet.io stopped its campaign months ago, as I know.
EOSbet.io stopped its campaign months ago, as I know.
I must agree, telegram invites is not even a good advertising as it will be used as a spamming tool or to flood the channel with useless bots.
September 10, 2019, 11:21:48 AM
66 LTC equals to around 0.4 BTC in total, that is not a small amount of fund. Personally, I think the EOSbet team should consider to run signature campaign again, which might have better effects than Telegram give away. I think with that fund, the team can use it to run a new campaign that last for a few weeks, depends on pay rates and how many participants (should be quality posters only) in total.
EOSbet.io stopped its campaign months ago, as I know.
EOSbet.io stopped its campaign months ago, as I know.
September 10, 2019, 08:41:43 AM
We have exciting news for our community!
We just started a brand new promotion - 66 LTC giveaway!
Invite your friends to our Telegram group and get a share of the prize.
We just started a brand new promotion - 66 LTC giveaway!
Invite your friends to our Telegram group and get a share of the prize.
September 09, 2019, 12:32:19 PM
EOSBet started a 66 LTC giveaway.
Invite friends to the EOSBet Telegram channel and receive a share of the 66 LTC giveaway!!
You need to get your personal referral link through their telegram bot here: https://telegram.me/EOSBetPromoter_bot
The more friend you invite, the bigger your share
--------
Also they've updated the website theme for an Asian holiday, looks nice:
Happy Mid-Autumn festival to everyone celebrating it
Invite friends to the EOSBet Telegram channel and receive a share of the 66 LTC giveaway!!
You need to get your personal referral link through their telegram bot here: https://telegram.me/EOSBetPromoter_bot
The more friend you invite, the bigger your share
--------
Also they've updated the website theme for an Asian holiday, looks nice:
Happy Mid-Autumn festival to everyone celebrating it
September 09, 2019, 08:22:01 AM
Moving back my EOSBNB to EOSbet account.
I think you mean: converting BET-844 (Binance chain) to BETDIVIDENDS (EOS chain)For newbies in the dark who are still confused about the mint/burn mechanism:
https://bitcointalksearch.org/topic/m.52284039
Also, ignore Game-Protect before you get cancer.
@EOSBet, nice, more please, you still have plenty EOS to use
September 09, 2019, 07:54:21 AM
In our first week of token buybacks we successfully acquired and burned 100k of BET tokens!
To check the progress visit THIS LINK!
To check the progress visit THIS LINK!
September 09, 2019, 06:13:54 AM
Moving back my EOSBNB to EOSbet account.
What is EOSBNB? September 09, 2019, 04:50:33 AM
Nothing has change yet to its price after weeks in binancedex. Maybe its really true that this needs marketing and more exchanges listings. There must be several EOSdexes out there willing to list this token, can the team even prevent EOS base exchanges to add this? Moving back my EOSBNB to EOSbet account.
EOSBet has been approached by Newdex, that might become the next exchange. Could be coming fast as I think listing an EOS token on Newdex can be done very fast. But who knows...
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