Topic: ⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️ - page 11. (Read 391259 times)

They did, this is why the White Paper described sharing 40% of the Bankroll profits. Staking has worked to grow the Bankroll to 13 million EDG this year.

My analysis is there has not been any additions to the Bankroll other than the new Staking Cycles. I was curious about this, and when STAKING was announced to be open, I found no infusions to the Bankroll prior to Open STAKING.

When the 40% Feature of Staking is enabled, more capital will pour into Edgeless with the arrangement found in the White Paper. Players want BIG, having a $1 million Bankroll is an achievement. We can go a lot bigger. This depends on STAKING to push us to the next level. $10 Million is possible easily.

The EDG that sit in the Bankroll are off the 'market' until the next cycle. This constrains market supply and will stop the descent of the EDG token. It is a simple and virtuous cycle to have a larger Bankroll and thus more interest from Players. The STAKERS are rewarded with 40% of the Profit.

If we had two STAKING contracts one at 5% and one at 40%, which do you think the market will choose? The White paper says: "a decentralized price pool which is backed by 40% of casino profits". This must be implemented to realize the potential of Edgeless.

A market is about Risk and Reward. You must have Risk to have Reward. Every stakeholder in Edgeless, the PLAYERS, the HODLRs, the STAKERS, the Edgeless Core Team, and the Buyers of EDG must face risk and must always be able to realize reward.

There should not be less Risk for STAKERS than the PLAYERS! The PLAYERS put it on the line, wanting to win! They risk their EDG and they have a chance to win it big!

HODLRs have bought EDG and watched it's value collapse, at the same time, the Core Team says they must use Bankroll Profits to fund ongoing development.

Well where has that got us? We do have a Beta Staking product, which is the first step; this step has finally got us a sizable Bankroll. Now all we have to do is allow the market, to participate in the value of STAKING EDG with the 40% Feature and we will begin building the value that all the Stakeholders want.

The valuation of EDG as a token is important psychologically, in the industry it is common to represent chips such:

$1: white; blue (more common in Las Vegas and much of the Western and Midwestern US)
$2.50: pink (rarely used for poker; however, see Pink chip game and as a 3:2 payoff in blackjack
$5: red
$25: green; yellow
$50: blue
$100: black; white.

These are the psychological tiers in a PLAYER's mind, and when you are using this in your Casino, this is what is expected at least unconsciously.

Enabling the 40% Staking Feature would bring an infusion of crypto funds that are looking for yield, those EDG tokens would be locked into the Bankroll for the monthly cycle, and thus would remove liquidity from the market, and drive up demand for EDG and thus the price would begin to appreciate again.

We should also see this would stabilize the price, and as long as the Edgeless team Enables the 40% Staking feature should continue indefinitely.

The monthly STAKERs that see a yield would in some cases withdraw EDG from the next STAKING cycle to realize an income or gain, with the appreciation of EDG this would be less than they had STAKED and most likely would be less than they had received in the last STAKING cycle as they would want to compound their asset monthly.

The calculation for actual Annual Percentage Yield when calculating monthly is: APY=(1+periodic rate)∧number of periods−1

When this is done with an Edgeless Staking model for EDG at 40% of the Bankroll profits, then the numbers are attractive to anyone managing a portfolio.

Isn't this something the Edgeless Team would already have thought of?

Yes and also that this there are five categories of EDG stakeholders; The PLAYERs, The HODLers, The STAKERS, the Core Team, and EDG Buyers. We currently have a system wherein:

1. The PLAYERs are happy 🙂, they have an expectation of a fairer Game and they get that from Edgeless.
2. The HODLers are unhappy 🙁 , since they do not play and do not STAKE they are subject to a valuation based on the market price for EDG. They benefit PLAYERS, STAKERS and the Core Team because they absorb liquidity in the market, making tokens more dear to come by.
3. The STAKERS are unhappy 🙁 , they used to be HODLers until the Beta Staking was rolled out, now they struggle to justify, financially the return that the Staking is delivering, they are unhappy.
4. The Core Team is keeping the lights on, 😐 although they have done a fabulous job of executing most objectives on the original design, through the loss of funds of the Parity Wallet hack, and to weather the broader downturn of Crypto Winter they have continued building.

Their focus is on building the infrastructure, and the only fault is delay on releasing the original 40% Feature for the Bankroll Profits, I think we could agree that all things considered the Core Team would be much happier with a larger Bankroll and an appreciation of the EDG token itself.

So I would say the Core Team could be much happier. Also since they are focused so closely on Building they are unable to see that the Edgeless ecosystem has components that are languishing.

5. And finally this leaves EDG buyers, those who when they have purchased will become, a PLAYER, HODLer, or STAKER. They can only be confused at this point.

This is not a virtuous ecosystem, and the only saving grace is that development has continued, and there we have an opportunity to address the shortcomings. The mechanics of Enabling the 40% Staking feature do support a virtuous cycle of EDG Buyer -> PLAYER / HODLR -> STAKER -> HODLR / PLAYER when that feature is turned on, right now the project is running on fumes and a finite runway because they have left out this key component.

This is why we see why the Edgeless project has suffered a loss in the market even though it is improving and evolving; All of the focus has been on building for only one component of Edgeless, the PLAYER. None of the other stakeholders are being covered correctly.

So your saying that Enabling the 40% feature for Staking would increase players in the Edgeless casino?

It also supports the Edgeless project by completing a promise the developers made in the Whitepaper. While STAKING as such was not described, it was a concrete promise that holders of EDG would be able to receive 40% of the Bankroll Profits. Since failure to complete that promise will result in bad blood and broken trust this should be addressed as soon as possible.

The KYC / vetting for Staking guarantees that this is managed as required by law. Edgeless Casino Players will have access to a much larger $$$ Bankroll as the token is valued at it's true market price. Existing holders of EDG who have been underwater on acquisitions of EDG can realize desired gains and the core team that is expecting 60% of the bankroll profits to continue operations will find that those EDG are much more valuable.

I'm listening. You seem to care about where Edgeless is currently.

I have been following EDG for a while and I am aware that the Beta Staking we see currently was originally described as 40% of the Bankroll Profits. ( "40% of all Edgeless Casino’s profit will be sent to the “Edgeless Lounge” prize pool. The lounge game is a special lottery game designed to favor the player. Each month EDG tokens can be used to play the lounge game and win a share of the prize pool." )

When I update my calculations to take this into account; I find positive result for all parties to EDG. I think that Staking should enable this 40% once Beta testing is verified and we Exit the Beta for Staking.

Edgeless among TOP 5 blockchain casinos

Read more -> https://blog.edgelessgroup.io/blog/edgeless-among-top-5-blockchain-casinos

if Edgeless has a dividend feature for token holders it is very interesting and certainly I will also take part in the program,
seeing EDG ranked the top 300 position in coinmarketcap

I agree with you. I sent my tokens in the bankroll and let them be there. In any case, I do not plan to sell them in the near future.

Agreed with you this is just utility token with functional platform and active users it is looking really interesting I hope in future this will grow rapidly. I hope this token will get more value because online gambling has very bright future.

It's a utility token, otherwise, it wouldn't had an ICO, it would have an STO for fundraising. However, you can earn more tokens by staking yours in the casino's bankroll. Don't expect 50% earnings like some noobs do. It's more like 3 - 6%.

Does Edgeless have any benefits (as f.e. dividends) for Edgeless token holders?
Or is it just utility tokens usable only on the gambling platform? I'd like to invest some money but only as investement to get profits from platform developement.

But they have good progress in casino games, is it possible they canceled the sports betting plan 

You could say it was a very long time because up to 3 years had not seen the launch for the development of sports for me of course this was quite surprising but we also could not do anything but remain patient

Nearly 3 years have passed and we haven't seen a launch for sports development only focuses on casino games whereas sports betting is in great demand in the crypto world

At least the current price is above the ICO price, many are looking forward to new products such as sports betting if Edgeless launches this one the price will recover IMO

It is very interesting to me why, despite the good work of the team, to a rather large community, their tokens have fallen so low and it’s unlikely that they will grow at least to the former top? They had a successful bounty. Collected enough funds. Adequately paid bounty hunters. Good race. But now the token is really very cheap.

Edgeless is on the fire it will take advantage being first casino on the top of the ETH blockchain. The team is promoting this really nice and now it moving forward with more power I think so online gambling on the blockchain is the future of next generation online gambling.

the casino wars it seems a baccarat game?
but the different, i see in the blog post that the bet option just 2 (Ante and Tie)

I'm excited to play "casino war" on the website later