🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 - page 56.

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

Quote from: ryzaadit on July 27, 2019, 01:08:53 PM

Don't know to much about Binance DEX Listing, If the validator rejects the proposal of EOSBet Listing.

How about the money the team already spent, its a fully refunded or the money will get burn because of the rejection.

Yeah, they are refunding in most cases if i have understood correctly, but now we can only wait. Btw i asked what will happen to the buyback if they don't get listed but didn't get an answer in telegram.

davinchi

legendary

Activity: 2100

Merit: 1058

I am not sure what makes people who worked for the campaign more eligible to get their tokens sold then people who actually played and maybe lost money to get those tokens. I mean I understand that you have worked for your coins and that is a good thing, hopefully you will be able to sell your coins either in buyback terms or maybe even binance dex listing if that goes through as well but I want the same thing for the dividend holders who played and lost money as well, those people have the same right as you do and they just spent money instead of time which makes them at least equal to workers even if not more eligible for it.

I think the clear choice would be random, including both parties in it as well. With binance listing this will not be a problem though since it will be open to all.

ryzaadit

legendary

Activity: 2688

Merit: 1262

Quote from: EOSBet on July 26, 2019, 07:23:02 AM

It's official - our Binance_DEX listing proposal has been submitted!

We would like to thank the EOSBet community for all the support!

Don't know to much about Binance DEX Listing, If the validator rejects the proposal of EOSBet Listing.

How about the money the team already spent, its a fully refunded or the money will get burn because of the rejection.

Quote from: o48o on July 27, 2019, 10:38:55 AM

What do you mean? What campaign? Why shouldn't all bet holders be able to choose if they sell or not?

Probably he talking about the previous bounty campaign. To be honest, the allocation was not really huge, the bounty will not destroy the ecosystem price of EOSBet.

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

Quote from: target on July 27, 2019, 09:28:22 AM

I think they should just buy back those tokens distributed from the campaign and not those mined by the bettors.

What do you mean? What campaign? Why shouldn't all bet holders be able to choose if they sell or not?

target

legendary

Activity: 2282

Merit: 1041

Quote from: tbct_mt2 on July 27, 2019, 07:59:46 AM

Quote from: mu_enrico on July 26, 2019, 11:01:04 PM

I'm sorry to interrupt your speech Grin

Buyback is real mate https://twitter.com/EOSBetCasino/status/1148538248656019457

However, the token burn is still speculation. It is still unclear about the buyback mechanism, how will they do it, how much, what would they do with the buyback tokens, etc.

It is good for EOSbet.io's supporters with the real-buy-back from the team. However, to help the buyback succeeds, I think the team should announce publicly and transparently on some essential things:
- Mechanism
- How long will it last?
- How much tokens will they plan to buy back?
- How they use those buy-back tokens?

I think they should just buy back those tokens distributed from the campaign and not those mined by the bettors. Doing it on Binance DEX would mean all of those going into the exchange will end up into their hands. It shouldn't be the question of how much they plan to buy back but since the sum o the tokens were 250k, I guess they can take them all unless someone decides to hold.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: mu_enrico on July 26, 2019, 11:01:04 PM

I'm sorry to interrupt your speech Grin

Buyback is real mate https://twitter.com/EOSBetCasino/status/1148538248656019457

However, the token burn is still speculation. It is still unclear about the buyback mechanism, how will they do it, how much, what would they do with the buyback tokens, etc.

It is good for EOSbet.io's supporters with the real-buy-back from the team. However, to help the buyback succeeds, I think the team should announce publicly and transparently on some essential things:
- Mechanism
- How long will it last?
- How much tokens will they plan to buy back?
- How they use those buy-back tokens?

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

Quote from: guoyu78 on July 26, 2019, 12:36:40 PM

Quote from: o48o on July 24, 2019, 04:51:24 PM

-snip-

I am not entirely sure how it works to be honest, I imagined buyback would mean us selling our tokens back to the team, that is what I assumed, no idea how buybacks work in technical sense and never been a part of it so I could totally be wrong. If you know how buybacks work please explain so I would learn it as well, that would help me understand the situation better.

Heatwave is too much for me, i forgot that they might use buy walls as well and not direct market buy. So basically i just right now understood what you mean by "honest price". My mistake, but i blame for the weather anyway Cheesy

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Quote from: davinchi on July 26, 2019, 11:40:35 AM

I think that "token burn" or even "buyback" all started because someone just mentioned it and all of us went with it. As far as I know there is no news about neither buyback nor token burning from the team and they are probably not planning on something like that at all. It is just us that are making discussion about something that was never said or even mentioned.

I'm sorry to interrupt your speech Grin

Buyback is real mate https://twitter.com/EOSBetCasino/status/1148538248656019457

However, the token burn is still speculation. It is still unclear about the buyback mechanism, how will they do it, how much, what would they do with the buyback tokens, etc.

game-protect

hero member

Activity: 1344

Merit: 507

EOSBet assures a lifetime profit share for BET fantasy token holders, can someone explain why BET fantasy token holders want to get rid of it?

guoyu78

hero member

Activity: 1190

Merit: 541

Quote from: o48o on July 24, 2019, 04:51:24 PM

-snip-

I am not entirely sure how it works to be honest, I imagined buyback would mean us selling our tokens back to the team, that is what I assumed, no idea how buybacks work in technical sense and never been a part of it so I could totally be wrong. If you know how buybacks work please explain so I would learn it as well, that would help me understand the situation better.

Aside from that team doesn't work for us for sure, they are working for themselves and "I" am not working for you but the team is literally failing at marketing big time, they literally don't have a signature campaign as far as I know and that is like the most basic simple thing you can do for a casino in bitcointalk.

You do have "ownership" in the sense that someone that has a stock in a company has "ownership" in that casino, you can't run it yourself of course but at least when there is a collective voting than your vote will count. Don't know if eosbet will ever do that though.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: tranthidung on July 26, 2019, 11:58:08 AM

Quote from: EOSBet on July 26, 2019, 07:23:02 AM

It's official - our Binance_DEX listing proposal has been submitted!

Is it a free listing? I knew that Binance DEX ask for very high listing fees.

No,theres no such thing on free listing into this Binance dex. According to https://www.cryptoglobe.com/latest/2019/04/token-listing-guidelines-for-binance-dex/

""Once the proposal request is sent, Token Issuers will need to deposit at least 1,000 BNB within 2 days."

So you would need to buy out 1k BNB and the current price as of writing is 28.91 so you do need $28k for that.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: EOSBet on July 26, 2019, 07:23:02 AM

It's official - our Binance_DEX listing proposal has been submitted!

Is it a free listing? I knew that Binance DEX ask for very high listing fees.

davinchi

legendary

Activity: 2100

Merit: 1058

I think that "token burn" or even "buyback" all started because someone just mentioned it and all of us went with it. As far as I know there is no news about neither buyback nor token burning from the team and they are probably not planning on something like that at all. It is just us that are making discussion about something that was never said or even mentioned.

However, the philosophical "what would happen if" questions are one of the most liked ones in the human history so of course we were hooked on the second someone said "what if" and then somehow it became so big that people started to see these messages and without knowing they assumed the team mentioned something like that. There is no buyback happening and there is no token burning, it is just a discussion of what would happen and that is it.

EOSBet

copper member

Activity: 353

Merit: 10

It's official - our Binance_DEX listing proposal has been submitted!

We would like to thank the EOSBet community for all the support!

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Still no votes from the bnb validators. Are they waiting for something like a white paper before they do anything?

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: ryzaadit on July 25, 2019, 11:05:08 AM

Everyone talking about Burn, Burn, Burn and Burn Token. Did the team announced that they will burn the token, come on burn token not always solved a price problem.

To be honest, it's just like a short fomo for me. And don't really hope too much if the team burn a token.

Don't play with burn, because you will get burned later.
Token-burning does not help token increasing in value, if token itself has low intrinsic value.

ryzaadit

legendary

Activity: 2688

Merit: 1262

Everyone talking about Burn, Burn, Burn and Burn Token. Did the team announced that they will burn the token, come on burn token not always solved a price problem.

To be honest, it's just like a short fomo for me. And don't really hope too much if the team burn a token.

MaxWMG

newbie

Activity: 5

Merit: 0

Quote from: o48o on July 24, 2019, 04:51:24 PM

Quote from: guoyu78 on July 24, 2019, 03:11:22 PM

buying bet token back from people on an honest price would be moronic, it is obvious the team is not a team like that.

What's a "honest" price? Do you understand how they buybacks work?

Quote from: guoyu78 on July 24, 2019, 03:11:22 PM

I have always supported the business but never the team, thank god it is a decentralized website since it is obvious that if this team ran this as a centralized casino they would have failed long time ago. They literally gave everyone ownership so they wouldn't have to work themselves.

This is just a weird claim. How "everyone" is having an ownership in this? Just because you have dividends doesn't mean you have an ownership. And about them not working, whom of us do you think is working to build the site? You?

Fully agree. In EOSbet economy burning and buyback looks more speculative than useful.

CryptoCheckk

jr. member

Activity: 288

Merit: 5

Quote from: fullhdpixel on July 24, 2019, 11:16:35 AM

Bet token is not something we care about the price, it is the amount of dividends we can get each week that we care about. Hence, burning would achieve absolutely nothing for us nor the team. As long as we can buy it and then get dividends the team could buyback as much as they want and keep it.

Well... burning tokens would mean less circulating supply, which mean the profit of the casino would be distributed among less tokens, which means more dividends per token Wink

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: mu_enrico on July 25, 2019, 12:54:54 AM

Quote from: CryptoCheckk on July 24, 2019, 05:01:33 AM

Burning could a option, but also putting them back in the pool as bonus on your games, or they just keep them, I don't know.

It would be best if they put it back into the pool, as "Not Distributed" and waiting to be "mined." The idea of burning the token to drive up the price is just ugly IMO if we think this is as a long-time project.

Think about how quick the token depleted if this site becomes mainstream.

Not sure if all will agree to buying the tokens back and then put them all in the pool for mining, it will be the question of where the money are from to define where it goes. But if consensus works, we can all agree it goes for the marketing of the project. The coming Binance DEX listing needs to be promoted as well as to have more players to come.

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