🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 - page 57.

mu_enrico

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Quote from: CryptoCheckk on July 24, 2019, 06:01:33 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.

o48o

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: guoyu78 on July 24, 2019, 04:11:22 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, 04:11:22 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?

guoyu78

hero member

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In order to do buy back successfully they would have to spend money they earned from that 30% share they have, I am not sure how much of that profit they are keeping in their pockets and how much of it they are spending but I feel like the marketing team is usually asleep and they never do any marketing at all so to tell the team to get all of their profits, put it aside instead of spending and then spend it on buying bet token back from people on an honest price would be moronic, it is obvious the team is not a team like that.

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.

fullhdpixel

hero member

Activity: 2828

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Buybacks are not the same as burns though. I mean they can buyback from the shareholders for a fair price and as long as its not forced there is no problem. For example if they get listed in some exchange and then buy it on the market price there then its totally fine and they can do whatever they want with it.

But, wherever this burn topic came out they are missing the point that team would have 30%+ of the website so why would they burn it. Burning tokens is only feasible on tokens that have too much supply and care about the price. 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.

rexxarofmoknathal

sr. member

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Quote from: o48o on July 23, 2019, 05:35:38 PM

Quote from: rexxarofmoknathal on July 23, 2019, 04:08:32 PM

Quote from: o48o on July 23, 2019, 04:01:04 PM

Quote from: bittraffic on July 23, 2019, 11:26:21 AM

Why would they burn the token after buying?
Doing that wouldn't help the community nor them. If it were bought by someone else who will hold for dividends we shall see if BET is worth. The supply is less than 100M, don't waste them.

Not sure where they got the idea of burning the bought tokens, i haven't heard anything even hinting to that. But the supply doesn't really matter, only dividends and marketcap. And we don't even have a marketcap yet.

If you haven't heard anything about the bought tokens being bought then why would you trust what others are speculating. Personally, I also wasn't aware of tokens being burnt after being bought but that does not make it any true, whether Bet tokens are or aren't burnt is something to be confirmed before jumping to conclusions.

You misunderstood or this wasn't aimed at me. I was talking about the burning speculation part. Admins on the channel have been hinting that buybacks have been planned for a long time though. Also, i am not sure what conclusion you think i jumped on.

My comment wasn't aimed at you but the previous commentator. You seemed to be just as puzzled as I was when I read about people thinking and saying that BET tokens are burnt after being bought Grin

CryptoCheckk

jr. member

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Quote from: mu_enrico on July 24, 2019, 02:53:31 AM

What token burn? It's just a baseless gossip AFAIK.
BET token is not a utility token that benefited from this "corporate action."

Anyway, I felt that the progress is slowing down lately — not a single update released from their channel. I hope their plan of getting listed on the end of July or the beginning of August will be realized.

Well the buyback has been confirmed by the EOSBet team, we just don't know the details as of yet. 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.

I do agree about progress at least feels like it's slowing down, but I bet progress is actually going faster as they hired new developers pretty recently. I think they are just planning every release (which may or may not already be done) more in line with the Binance Dex listing, which makes sense. They want to get the hype around the listing time to have a positive effect on the price. Together with the buyback that should be very good. Specially since the total supply of 88M is already pretty low compare to a lot of other projects.

I just hope binance dex validators will accept them soon.

mu_enrico

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What token burn? It's just a baseless gossip AFAIK.
BET token is not a utility token that benefited from this "corporate action."

Anyway, I felt that the progress is slowing down lately — not a single update released from their channel. I hope their plan of getting listed on the end of July or the beginning of August will be realized.

o48o

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: rexxarofmoknathal on July 23, 2019, 04:08:32 PM

Quote from: o48o on July 23, 2019, 04:01:04 PM

Quote from: bittraffic on July 23, 2019, 11:26:21 AM

Why would they burn the token after buying?
Doing that wouldn't help the community nor them. If it were bought by someone else who will hold for dividends we shall see if BET is worth. The supply is less than 100M, don't waste them.

Not sure where they got the idea of burning the bought tokens, i haven't heard anything even hinting to that. But the supply doesn't really matter, only dividends and marketcap. And we don't even have a marketcap yet.

If you haven't heard anything about the bought tokens being bought then why would you trust what others are speculating. Personally, I also wasn't aware of tokens being burnt after being bought but that does not make it any true, whether Bet tokens are or aren't burnt is something to be confirmed before jumping to conclusions.

You misunderstood or this wasn't aimed at me. I was talking about the burning speculation part. Admins on the channel have been hinting that buybacks have been planned for a long time though. Also, i am not sure what conclusion you think i jumped on.

rexxarofmoknathal

sr. member

Activity: 980

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Quote from: o48o on July 23, 2019, 04:01:04 PM

Quote from: bittraffic on July 23, 2019, 11:26:21 AM

Why would they burn the token after buying?
Doing that wouldn't help the community nor them. If it were bought by someone else who will hold for dividends we shall see if BET is worth. The supply is less than 100M, don't waste them.

Not sure where they got the idea of burning the bought tokens, i haven't heard anything even hinting to that. But the supply doesn't really matter, only dividends and marketcap. And we don't even have a marketcap yet.

If you haven't heard anything about the bought tokens being bought then why would you trust what others are speculating. Personally, I also wasn't aware of tokens being burnt after being bought but that does not make it any true, whether Bet tokens are or aren't burnt is something to be confirmed before jumping to conclusions.

o48o

legendary

Activity: 3010

Merit: 1154

Leading Crypto Sports Betting & Casino Platform

Quote from: bittraffic on July 23, 2019, 11:26:21 AM

Why would they burn the token after buying?
Doing that wouldn't help the community nor them. If it were bought by someone else who will hold for dividends we shall see if BET is worth. The supply is less than 100M, don't waste them.

Not sure where they got the idea of burning the bought tokens, i haven't heard anything even hinting to that. But the supply doesn't really matter, only dividends and marketcap. And we don't even have a marketcap yet.

bittraffic

hero member

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Quote from: jostorres on July 23, 2019, 09:33:35 AM

I still think buyback right now would hurt the economy, nobody wants only one centralized location to gather as much of this coin as possible. If they are going to burn it than it could be quite successful because less coins equals more dividends for people who have it, so if they are going to just buy some of their coins back for a decent price like at least 2 dollars each than use that tokens to burn them and leave fewer alive than I would be totally behind that.

However, if they are going to just buy those coins and increase the percentage the team has over this token than it would get dangerously close to centralized version once again and most of the profits going to team wouldn't really be entertaining for us. Hence if the burn here is more important than the buyback.

Why would they burn the token after buying?
Doing that wouldn't help the community nor them. If it were bought by someone else who will hold for dividends we shall see if BET is worth. The supply is less than 100M, don't waste them.

jostorres

hero member

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I still think buyback right now would hurt the economy, nobody wants only one centralized location to gather as much of this coin as possible. If they are going to burn it than it could be quite successful because less coins equals more dividends for people who have it, so if they are going to just buy some of their coins back for a decent price like at least 2 dollars each than use that tokens to burn them and leave fewer alive than I would be totally behind that.

However, if they are going to just buy those coins and increase the percentage the team has over this token than it would get dangerously close to centralized version once again and most of the profits going to team wouldn't really be entertaining for us. Hence if the burn here is more important than the buyback.

o48o

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Quote from: beerlover on July 20, 2019, 01:21:52 PM

Buy back at this stage could be dangerous too though. I mean if you are going to list the token on an exchange and then buy from there then it is fine but if you are going to just buy back directly then it might hurt the economy since if only the team owns bet tokens then there is nobody really looking for dividends all they are trying to achieve is to give it back to the team after gambling. It would become rakeback at that point.

Hence, I think the open market would be a lot better, with binance we will be capable of selling or buying and that would decide on a market price that is fair and accepted by everyone since we run the market, if the team decides to buy from that price then its fine because people are willing to sell from that price themselves and they can't argue about it.

I thought it would be obvious that they would buy it from the exchange, as there are also people who don't want to sell. Not cheap anyway. But they haven't yet said what they would do to those bought tokens. Best thing i can think of is that they put it back to "mining" supply after the difficulty increases.

Pamadar

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Quote from: hd49728 on July 21, 2019, 01:12:02 AM

Quote from: beerlover on July 20, 2019, 01:21:52 PM

Buy back at this stage could be dangerous too though. I mean if you are going to list the token on an exchange and then buy from there then it is fine but if you are going to just buy back directly then it might hurt the economy since if only the team owns bet tokens then there is nobody really looking for dividends all they are trying to achieve is to give it back to the team after gambling. It would become rakeback at that point.

Buy back (if implemented) should be done gradually, and with step-by-step assessments in order to have an overview on results that EOSBet.io get back from buy back waves. There are so diversifying way to promote platforms, not only buy backs. Therefore, if after one or three waves of buy backs, the team don't see positive results, they can stop such promotion and try with others.

That's aggreable if there's a good system to follow while doing this buyback, it can be assess if the process is doing some lift with the coin progress, what is important is the continuously progress not only with the coin value but also with the services of this casino, the product success will also bring success to the coin, more improvements while working with buyback and exchange listing will attract investors inside.

hd49728

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Not your keys, not your coins!

Quote from: beerlover on July 20, 2019, 01:21:52 PM

Buy back at this stage could be dangerous too though. I mean if you are going to list the token on an exchange and then buy from there then it is fine but if you are going to just buy back directly then it might hurt the economy since if only the team owns bet tokens then there is nobody really looking for dividends all they are trying to achieve is to give it back to the team after gambling. It would become rakeback at that point.

Buy back (if implemented) should be done gradually, and with step-by-step assessments in order to have an overview on results that EOSBet.io get back from buy back waves. There are so diversifying way to promote platforms, not only buy backs. Therefore, if after one or three waves of buy backs, the team don't see positive results, they can stop such promotion and try with others.

gambling4life

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Quote from: tbct_mt2 on July 20, 2019, 05:48:05 AM

Quote from: ?? on ??

Buy back can help lifting the value of the coin and not to allow the big dumped as it's not good in the eyes of possible investors, but likewise the token have its purpose and for those who are just looking for passive investment this coin can be one of the options, investors will be receiving dividends in
every BET tokens that they've holding and who knows what will be the future value of this token after the success of their casino.

Buy back and burn is a hot trend (one of hot trend in crypto) this year. There are many exchanges, and projects do their buy back and burn in order to increase their commitments on their platforms' future, and it also raise belief in their investors communities that they can get benefits by keep supporting and investing in those platforms.

totally agree!

beerlover

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Buy back at this stage could be dangerous too though. I mean if you are going to list the token on an exchange and then buy from there then it is fine but if you are going to just buy back directly then it might hurt the economy since if only the team owns bet tokens then there is nobody really looking for dividends all they are trying to achieve is to give it back to the team after gambling. It would become rakeback at that point.

Hence, I think the open market would be a lot better, with binance we will be capable of selling or buying and that would decide on a market price that is fair and accepted by everyone since we run the market, if the team decides to buy from that price then its fine because people are willing to sell from that price themselves and they can't argue about it.

mu_enrico

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Quote from: otto93 on July 20, 2019, 02:13:34 AM

but have you had a feel of playloteo.com yet? Please do, you would be thrilled just like EOSBET has thrilled you

Yes!
I'm happy to see someone else here promoting my signature, lol.

Anyway,

Buybacks cannot rescue the price of a useless token, but I don't think this token is that bad. I believe token holders are incentivized to hold the BET token. Therefore, I'm won't be so upset if the buyback failed to hoist the price up. If the dump is inevitable, I'd hold and enjoy the dividends (as long as the devs committed to continuing the development).

tbct_mt2

hero member

Activity: 2366

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Quote from: ?? on ??

Buy back can help lifting the value of the coin and not to allow the big dumped as it's not good in the eyes of possible investors, but likewise the token have its purpose and for those who are just looking for passive investment this coin can be one of the options, investors will be receiving dividends in
every BET tokens that they've holding and who knows what will be the future value of this token after the success of their casino.

Buy back and burn is a hot trend (one of hot trend in crypto) this year. There are many exchanges, and projects do their buy back and burn in order to increase their commitments on their platforms' future, and it also raise belief in their investors communities that they can get benefits by keep supporting and investing in those platforms.

rexxarofmoknathal

sr. member

Activity: 980

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Quote from: ?? on ??

Quote from: o48o on July 18, 2019, 05:39:18 PM

Quote from: beerlover on July 18, 2019, 12:36:24 PM

I would suggest everyone to take a look at the price when it first comes out. There will be a lot of people dumping their bet tokens there and that would mean the price will fall a lot during the early moments when it gets listed. When that drop happens try to find the bottom, I know it will be hard to figure out the bottom but when everything is said and done and months go by from the first day it will get higher and higher because this token has a purpose unlike any other and people will be looking to buy more and more in order to get more and more dividends.

It means during the early days if you buy from cheap prices then you can either collect the dividends for a lot cheaper than others or you would be making a ton of profit selling it after couple of months when price reaches its peak.

There were bounty hunters involved, so the beginning will be predictable... Buyback would be the perfect solution as it would probably affect slowly to the price, depending how they will implement that.

Buy back can help lifting the value of the coin and not to allow the big dumped as it's not good in the eyes of possible investors, but likewise the token have its purpose and for those who are just looking for passive investment this coin can be one of the options, investors will be receiving dividends in
every BET tokens that they've holding and who knows what will be the future value of this token after the success of their casino.

Don't you think the buy back will make the dev of the project more powerful than token holders, let's consider that aspect too, personally I want to see the tokens on a decentralized exchange

Everyone's dream is to have the tokens on an exchange as this is proof that the project is working and that people are utilising and trusting it. Plus, the value of the tokens would go up by a couple of good percentages.

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