Topic: ⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️ - page 10. (Read 391070 times)

Quite disappointing! Yet no poker... WTF are you waiting for, EDG team?!

Excellent for those in the Edgeless community that wish to discuss this more in depth there is a Dissenter forum now for Edgeless.io:

https://dissenter.com/download

When you have the Extension or browser installed, just visit:

https://edgeless.io/home to see the current discussion.

Edgeless staking reward will be 40%

Read more: https://blog.edgelessgroup.io/blog/edgeless-staking-40-reward

https://staking.edgelessgroup.io/
https://medium.com/edgeless/edgeless-beta-staking-3rd-cycle-details-d434c8983c5d

If you interested to park your tokens for staking purpose than you should keep this in mind there is risk involve in it although most the time it generate revenue for all people who stay with bank. Some details are given into this article I hope this will help you to let know about the previous track record.

Who understands explain to me please. Now there is a staking on a platform for which you can make a profit, is this an Edgeless Lounge or something else?

From the above article entry:

Frankly I don't know if this will even deter the US government from poking its nose into Edgeless' gambling platform. The US has been very busy lately intervening  in other states' business. I hope they won't go too far.

Edgeless will update staking and end the beta version

Starting from the 4th cycle, the staking platform will be updated from beta to official release. More information about the 4th cycle and new detailed terms and conditions will be announced on May the 24th

Read more https://blog.edgelessgroup.io/blog/edgeless-will-update-staking-and-end-the-beta-version

I visited Edgeless website and it improves a lot since the last time I played. What about the previous plan building a tangible casino? I think it was planned to be built in the US. Current company is registered in Curacao.

I have not had EDG tokens for a long time, but I follow the project from time to time. Despite the fact that the price of the token has fallen dramatically over the past two years, the project is still promising. The developers are working on it, there are new games and new features. It's great.

I understand correctly that for the next distribution of profits from bankroll I need to go through KYC? saw it in one of the posts above

just gave it another try to log-in , but seems still not possible for dutch people to play on edgeless?

because the price of bitcoin is currently high, the price of EDG has also increased in USD,
but unfortunately it is not good for ethereum and bitcoin pairs, still seeing and monitoring

I don't think that Edgeless will have the luxury of time at this point. Without a stable coin to value the Casino Token with, the current business model will siphon off the little profit they have and without a way to raise capital, they are burning the candle on both ends. Failure to hold to their promise to the crypto community has burned some incredible bridges for Edgeless. At this point they will be unable to raise additional capital as they have not followed through with the original promise of Edgeless.

Currently the lack of stable value for EDG, and use of Bankroll profits is pushing all risk onto the existing Holders of EDG, and the original purchasers of EDG who may still hold EDG. Those who choose to stake are a small pool that is insulted by the current Staking arrangement that refuses to reward the risk this project is running with any returns to justify that risk.

Joel Spolsky said: https://web.archive.org/web/20120202115945/https://www.inc.com/magazine/20091101/does-slow-growth-equal-slow-death.html

This has created a vicious cycle of negative price pressure for Edgeless, which is only worsened by the Edgeless Team announcing that the Bankroll profits are being used to fund current development. The market has properly punished the price of EDG, as without a clear timetable of when the Bankroll Profits will be released to match the original design, and without any possibility of favorable terms for infusing future capital the Edgeless Team is left only with heavily discounted deals to fund the continuation of Edgeless. Such deals at heavy discounts to the current market price will cause additional pressure down.

We are looking at a quite bleak future for Edgeless. Those who still may be optimistic about the possibility of Edgeless, ignore that they cannot achieve what they state with the current design.

I went to the Edgeless website, and they still talk about Staking as if it is a Beta product. This was one of the cornerstones of the White paper, and they alienate crypto enthusiast's that could provide capital by treating this as an optional, maybe if we make some profits we'll have some excess to share. This is why Edgeless is in a death spin, they won't honor their original commitment, and they are punished by the market.

Using "Profits" from your Bankroll demonstrates that you have no capital. Instead of treating the Bankroll as an asset that grows and a pot that will enthuse Players in the casino, The Edgeless Team is treating it as a piggy bank to raid.

If Edgeless would honor their commitments, and allow those who risk capital to realize a return, they would reverse this descent. They would have additional resources for building the Edgeless system, and they would not push unrewarded risk onto the market.

Every Edgeless token taken by the team and sold into the market is providing downward pressure of this project's only ability to succeed. EDG must be treated as a Stable Coin by the market, and the Stakers must be compensated for risk with reward.

If both of these were done, there is a chance for EDG and Edgeless. If not it isn't worth a penny.

I agree, in the early stage, we tend to see more coin getting hype and I believe EDG benefit on that.
But now, it's fully operational, its real journey has started and I would be satisfied if I will see an steady growth although sometimes it would be nice to see it pump.

“we overestimate the impact of technology in the short-term and underestimate the effect in the long run.”

Global gambling revenues will hit 525$ billion by 2023 for the industry. Edgeless could be a distributer if they treat EDG as a Stable coin.

That implies a market valuation of $271.666.010.407 for EDG...

Which is bigger than current aggregated market cap of all assets, $213.250.154.262.

Wow, quality discussion. Keep it up. EDG has so much potential if the devs play their cards right. Someone get me my shades cause the future is looking bright 

Ok I'm back. I'm actually surprised by what I found.

I built a EDG valuation based around the compound results anually and when compared to other assets at market yields shows that EDG should be trading at $112 currently or 0.64 ETH.

This appears to be the way to turn around the market value of EDG.

The only reason I could see that the Edgeless Team would not want to Enable the 40% Staking is this effectively turns EDG into a Stable coin... Or maybe they realize that is the case and they don't want a Stable value for EDG???!!!

Since they are running the show I guess it's up to them. If I were a holder of EDG I would ask that this was implemented immediately. I'm only in this thread as EDG was being discussed on the Staking rewards telegram...

we can see 40% profit sharing (with staking) on live soon. lets see!

I appreciate your level of detail. This seems to be an unrealized avenue for gains.

I will run my own numbers and get back to you...