https://steemit.com/binance/@eosbet/binance-dex-listing-additional-details
Topic: 🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 - page 50. (Read 24470 times)
August 27, 2019, 03:53:42 AM
The latest update on the Binance DEX listing:
https://steemit.com/binance/@eosbet/binance-dex-listing-additional-details
https://steemit.com/binance/@eosbet/binance-dex-listing-additional-details
August 26, 2019, 03:37:35 PM
20 eos of betting but considering the house edge is %1.5 it comes down to 0.3 on average loss, of course some people may lose more or some people even profit but the average comes down to 0.3 eos total for one bet token. There will be people who got it for cheaper and they will sell it but there will be people who lost more who will keep it so in the end we will have a price that will go down for a while but then keep steadily go up because people who got it cheap will eventually run out but people who lost more will keep hodling their coins until the price hits to a profitable range.
This is more of a long term play for holders, you have to trust that the casino will continue to be great and you have to keep getting your dividends and on top of that have a chance to sell later, so if you hit a profitable mark with your dividends at whatever price you sell will be pure profit.
This is more of a long term play for holders, you have to trust that the casino will continue to be great and you have to keep getting your dividends and on top of that have a chance to sell later, so if you hit a profitable mark with your dividends at whatever price you sell will be pure profit.
There's the bright side to the casinos though and its them that always win. Holding BET tokens is like part of being the house and the odds are always stacked in casinos favor. Now that the project is going to be listed in a reputable exchange, the project can easily get support for the marketing which is what it will need for dividends and price to riseup.
August 26, 2019, 10:55:26 AM
20 eos of betting but considering the house edge is %1.5 it comes down to 0.3 on average loss, of course some people may lose more or some people even profit but the average comes down to 0.3 eos total for one bet token. There will be people who got it for cheaper and they will sell it but there will be people who lost more who will keep it so in the end we will have a price that will go down for a while but then keep steadily go up because people who got it cheap will eventually run out but people who lost more will keep hodling their coins until the price hits to a profitable range.
This is more of a long term play for holders, you have to trust that the casino will continue to be great and you have to keep getting your dividends and on top of that have a chance to sell later, so if you hit a profitable mark with your dividends at whatever price you sell will be pure profit.
This is more of a long term play for holders, you have to trust that the casino will continue to be great and you have to keep getting your dividends and on top of that have a chance to sell later, so if you hit a profitable mark with your dividends at whatever price you sell will be pure profit.
August 26, 2019, 10:14:06 AM
I thought it needs 20EOS to earn 1 BET in the platform.
Yes, that is correct. You need to wager 20 EOS to earn 1 BET.However, keep in mind that it is not the same as buying 1 BET with 20 EOS.
Depend on your luck. If you play the game long enough, you will lose only 1.5% (house edge). Hence, ~1.5% * 20 EOS = ~0.3 EOS.
If all token was acquired this way, we can expect the price should be more than 0.3 EOS because of risk, energy, and time involved in "mining."
August 26, 2019, 04:41:39 AM
Rather then trading competition on binance dex, i would like to see betting competition if the buyback money really comes from dividends account 
August 26, 2019, 01:07:56 AM
If the team is going to buy back form binance dex then its not buy back program, its going to be offered to all.
A buy back program has specific price from the team and which wallet it goes. Since they are going to be doing that in the dex, may we know which wallet they are going to store and burn these tokens?
Now that we know it will be listed and we know that team will be doing some sort of buyback and burn at least we can say there will be some buy pressure from bottom up and the price can't go down way too much.
Yes. However, at the same time, the price cannot increase too high because there is a way to get cheaper BET by "mining" on the platform. From the economic sense, the BET price would tend to go to the current base mining cost, i.e., ~0.3 EOS (CMIIW).However, just like any other coins, guys who get in early could earn BET way cheaper than ~0.3 EOS. Thus would likely to dump if the price can reach that amount.
I thought it needs 20EOS to earn 1 BET in the platform.
August 25, 2019, 11:07:32 PM
Now that we know it will be listed and we know that team will be doing some sort of buyback and burn at least we can say there will be some buy pressure from bottom up and the price can't go down way too much.
Yes. However, at the same time, the price cannot increase too high because there is a way to get cheaper BET by "mining" on the platform. From the economic sense, the BET price would tend to go to the current base mining cost, i.e., ~0.3 EOS (CMIIW).However, just like any other coins, guys who get in early could earn BET way cheaper than ~0.3 EOS. Thus would likely to dump if the price can reach that amount.
August 25, 2019, 04:07:19 PM
Now that we know it will be listed and we know that team will be doing some sort of buyback and burn at least we can say there will be some buy pressure from bottom up and the price can't go down way too much. However this excites me so much that its insane, like at one hand I want bet token to worth a lot so I can sell and make a ton of money, but at the other hand I want bet token to drop to zero so I can get all of them 
.
If the price falls too much I can buy some (anything under 1 dollar is green for me and I will buy as much as I can afford) and if it goes too high than I will sell and than wait for it to drop back to buy some more. I am not very knowledgeable about the dividend deal between, like if we buy bet token than what do we do with it to get more dividends?
.If the price falls too much I can buy some (anything under 1 dollar is green for me and I will buy as much as I can afford) and if it goes too high than I will sell and than wait for it to drop back to buy some more. I am not very knowledgeable about the dividend deal between, like if we buy bet token than what do we do with it to get more dividends?
August 25, 2019, 03:52:53 AM
3 Months I think is enough. They now know that the tokens where they distribute for the bounty campaign were mostly claimed by the bot users. Those are potential dumpers of this token. If the team are going to buy them back, investors should just buy back them the first and bid more than $1 before the team burns them. This is to assume the team offer to buy back $1 each as mentioned in the telegram.
I haven't seen anything like $1 buyback promised anywhere, only buyback. And do you mean up to $1? Since they would have to go trough the sell wall first and there would be no guarantees that they get up to $1, but even after that i haven't seen talks of any restrictions that they wouldn't buy higher if possible.
It would be lovely though.
August 24, 2019, 07:34:59 PM
Let's do a moment of silence for our fallen forum troll.
Otherwise, I'm rich!!
No exchange wants to list their BET fantasy token furthermore confirms that EOSBet generates a very low revenue and profit.
Of course can EOSBet lie here on the forum about millions profit and lifetime revenue share, but if you request the listing of tokens, then some basis checks are made and they obviously failed!
Err... they manage to get listed on Binance Dex Of course can EOSBet lie here on the forum about millions profit and lifetime revenue share, but if you request the listing of tokens, then some basis checks are made and they obviously failed!
investors should just buy back them the first and bid more than $1 before the team burns them. This is to assume the team offer to buy back $1 each as mentioned in the telegram.
I believe this is also false information. The "EOSBet Price" channel is full of unrealistic price prediction. AFAIK, $1 didn't come from official team account.Otherwise, I'm rich!!
August 24, 2019, 05:19:27 AM
Done guys! BET listing proposal accepted on Binance DEX!
+ buyback
+ token burn
Not a big fan of token burn stuff, however the devs continue to make progress about this project. So I have nothing to complain at the moment.
What do you think?
+ buyback
+ token burn
Quote
BET buyback and token burn! 🔥🔥🔥
We will be buying back BET tokens and burning them! For the first time ever, BET supply will be deflationary. 50% of team funds will be used to purchase BET off the market, where it will subsequently be destroyed.
As always, this process will be transparent and viewable on the blockchain. This buyback will last for a minimum of 3 months.
Source: https://steemit.com/binance/@eosbet/bet-accepted-on-binance-dexWe will be buying back BET tokens and burning them! For the first time ever, BET supply will be deflationary. 50% of team funds will be used to purchase BET off the market, where it will subsequently be destroyed.
As always, this process will be transparent and viewable on the blockchain. This buyback will last for a minimum of 3 months.
Not a big fan of token burn stuff, however the devs continue to make progress about this project. So I have nothing to complain at the moment.
What do you think?
3 months? I wish they would buy for a year
, but i can't complain. Also i think it would make more sense to put it back in uncirculated "mineable" tokens.3 Months I think is enough. They now know that the tokens where they distribute for the bounty campaign were mostly claimed by the bot users. Those are potential dumpers of this token. If the team are going to buy them back, investors should just buy back them the first and bid more than $1 before the team burns them. This is to assume the team offer to buy back $1 each as mentioned in the telegram.
August 23, 2019, 05:24:03 AM
Getting listed will open a ton of opportunities, we don't even know if the team will hold their coins, I am sure they would love to and having a higher institutional share holding would make them work harder so I would like to see them get more and more but at the same time this will be a challenge when it first starts.
I am pretty sure they could buy a lot with the money they made but at the same time it will be finally giving people who do not want to risk their money an option to invest into this. This way you will be just purely buying the coin without gambling and still will get dividends from all the people that have lost money.
As long as the price of bet token doesn't fall from earth you are making money without spending any since you can buy for 2 dollars, earn dividends and then sell for 2 dollars as long as price stays around the same.
I am pretty sure they could buy a lot with the money they made but at the same time it will be finally giving people who do not want to risk their money an option to invest into this. This way you will be just purely buying the coin without gambling and still will get dividends from all the people that have lost money.
As long as the price of bet token doesn't fall from earth you are making money without spending any since you can buy for 2 dollars, earn dividends and then sell for 2 dollars as long as price stays around the same.
I am pretty sure that they have their personal investments on top of that 30% that they can sell if they don't see that they are not profiting enough. But i am willing to bet that they rather raise their dividends value. I mean if they wanted to just dump they could have just listed this earlier when the volume was higher.
August 22, 2019, 11:41:18 AM
Getting listed will open a ton of opportunities, we don't even know if the team will hold their coins, I am sure they would love to and having a higher institutional share holding would make them work harder so I would like to see them get more and more but at the same time this will be a challenge when it first starts.
I am pretty sure they could buy a lot with the money they made but at the same time it will be finally giving people who do not want to risk their money an option to invest into this. This way you will be just purely buying the coin without gambling and still will get dividends from all the people that have lost money.
As long as the price of bet token doesn't fall from earth you are making money without spending any since you can buy for 2 dollars, earn dividends and then sell for 2 dollars as long as price stays around the same.
I am pretty sure they could buy a lot with the money they made but at the same time it will be finally giving people who do not want to risk their money an option to invest into this. This way you will be just purely buying the coin without gambling and still will get dividends from all the people that have lost money.
As long as the price of bet token doesn't fall from earth you are making money without spending any since you can buy for 2 dollars, earn dividends and then sell for 2 dollars as long as price stays around the same.
August 22, 2019, 10:00:58 AM
Done guys! BET listing proposal accepted on Binance DEX!
+ buyback
+ token burn
Not a big fan of token burn stuff, however the devs continue to make progress about this project. So I have nothing to complain at the moment.
What do you think?
+ buyback
+ token burn
Quote
BET buyback and token burn! 🔥🔥🔥
We will be buying back BET tokens and burning them! For the first time ever, BET supply will be deflationary. 50% of team funds will be used to purchase BET off the market, where it will subsequently be destroyed.
As always, this process will be transparent and viewable on the blockchain. This buyback will last for a minimum of 3 months.
Source: https://steemit.com/binance/@eosbet/bet-accepted-on-binance-dexWe will be buying back BET tokens and burning them! For the first time ever, BET supply will be deflationary. 50% of team funds will be used to purchase BET off the market, where it will subsequently be destroyed.
As always, this process will be transparent and viewable on the blockchain. This buyback will last for a minimum of 3 months.
Not a big fan of token burn stuff, however the devs continue to make progress about this project. So I have nothing to complain at the moment.
What do you think?
3 months? I wish they would buy for a year
, but i can't complain. Also i think it would make more sense to put it back in uncirculated "mineable" tokens. August 22, 2019, 06:47:31 AM
Done guys! BET listing proposal accepted on Binance DEX!
+ buyback
+ token burn
Not a big fan of token burn stuff, however the devs continue to make progress about this project. So I have nothing to complain at the moment.
What do you think?
+ buyback
+ token burn
Quote
BET buyback and token burn! 🔥🔥🔥
We will be buying back BET tokens and burning them! For the first time ever, BET supply will be deflationary. 50% of team funds will be used to purchase BET off the market, where it will subsequently be destroyed.
As always, this process will be transparent and viewable on the blockchain. This buyback will last for a minimum of 3 months.
Source: https://steemit.com/binance/@eosbet/bet-accepted-on-binance-dexWe will be buying back BET tokens and burning them! For the first time ever, BET supply will be deflationary. 50% of team funds will be used to purchase BET off the market, where it will subsequently be destroyed.
As always, this process will be transparent and viewable on the blockchain. This buyback will last for a minimum of 3 months.
Not a big fan of token burn stuff, however the devs continue to make progress about this project. So I have nothing to complain at the moment.
What do you think?
August 21, 2019, 04:48:49 PM
Its not confirmed the team announced that the votes EOSBET got for the listing on binance DEX is more than enough. Its going to be finally listed! This is just the start so I have also read in the telegram channel that they might try bitfinex, if it happens I guess the pumps will happen sooner than we'd expect. Good job EOSBET team!
Bitfinex? That sounds like a pretty bold move, like trying to get in Binance cex. Are you sure it was not Ethfinex?
Can you screenshot that message?
I guess you mean eosfinex instead of ethfinex?
August 21, 2019, 12:22:45 PM
Its not confirmed the team announced that the votes EOSBET got for the listing on binance DEX is more than enough. Its going to be finally listed! This is just the start so I have also read in the telegram channel that they might try bitfinex, if it happens I guess the pumps will happen sooner than we'd expect. Good job EOSBET team!
Bitfinex? That sounds like a pretty bold move, like trying to get in Binance cex. Are you sure it was not Ethfinex?
Can you screenshot that message?
August 21, 2019, 10:24:35 AM
Its not confirmed the team announced that the votes EOSBET got for the listing on binance DEX is more than enough. Its going to be finally listed! This is just the start so I have also read in the telegram channel that they might try bitfinex, if it happens I guess the pumps will happen sooner than we'd expect. Good job EOSBET team!
August 21, 2019, 10:13:30 AM
@game-protect
Have you read the first paragraph of what I have written? I am talking about the second part of that sentence which is "winning" players who "won" to become "winning". It doesn't matter anyway because I do agree with you probably for the first time ever, hell maybe for the first time ever someone agrees with you on bitcointalk.
If they use these words then they try to market it like they allowed people to withdraw 500 million dollars, you have every single right to think it like that and I would have thought the same thing if I didn't know how eosbet worked.
However, it is clearly the 500 million won wagers that mostly then lost afterwards, otherwise 34 billion dollars wagered makes no sense at all or they would have to have an insane amount of difference in house edge. Basically there is no way 500 million was withdrawn, it is just marketing way of saying "people won 500 million on their bets but looking at dividends they lost it right back".
Have you read the first paragraph of what I have written? I am talking about the second part of that sentence which is "winning" players who "won" to become "winning". It doesn't matter anyway because I do agree with you probably for the first time ever, hell maybe for the first time ever someone agrees with you on bitcointalk.
If they use these words then they try to market it like they allowed people to withdraw 500 million dollars, you have every single right to think it like that and I would have thought the same thing if I didn't know how eosbet worked.
However, it is clearly the 500 million won wagers that mostly then lost afterwards, otherwise 34 billion dollars wagered makes no sense at all or they would have to have an insane amount of difference in house edge. Basically there is no way 500 million was withdrawn, it is just marketing way of saying "people won 500 million on their bets but looking at dividends they lost it right back".
Yeah, I already tried explaining to him exactly this. It didn't work.
It's fair to argue that calling them "winnings paid out" is misleading, but I'm telling you exactly what they mean when they say "almost $500m in winnings paid to players"
August 21, 2019, 09:56:29 AM
@game-protect
Have you read the first paragraph of what I have written? I am talking about the second part of that sentence which is "winning" players who "won" to become "winning". It doesn't matter anyway because I do agree with you probably for the first time ever, hell maybe for the first time ever someone agrees with you on bitcointalk.
If they use these words then they try to market it like they allowed people to withdraw 500 million dollars, you have every single right to think it like that and I would have thought the same thing if I didn't know how eosbet worked.
However, it is clearly the 500 million won wagers that mostly then lost afterwards, otherwise 34 billion dollars wagered makes no sense at all or they would have to have an insane amount of difference in house edge. Basically there is no way 500 million was withdrawn, it is just marketing way of saying "people won 500 million on their bets but looking at dividends they lost it right back".
Have you read the first paragraph of what I have written? I am talking about the second part of that sentence which is "winning" players who "won" to become "winning". It doesn't matter anyway because I do agree with you probably for the first time ever, hell maybe for the first time ever someone agrees with you on bitcointalk.
If they use these words then they try to market it like they allowed people to withdraw 500 million dollars, you have every single right to think it like that and I would have thought the same thing if I didn't know how eosbet worked.
However, it is clearly the 500 million won wagers that mostly then lost afterwards, otherwise 34 billion dollars wagered makes no sense at all or they would have to have an insane amount of difference in house edge. Basically there is no way 500 million was withdrawn, it is just marketing way of saying "people won 500 million on their bets but looking at dividends they lost it right back".
Jump to: