Topic: ⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️ - page 310. (Read 391229 times)

Can someone tell me what exchanges Edgeless will have?

The wallet is already available? where you see that?
the ico is not over yet.

Hello sir..
wallet that has been provided, what can already start to be used or will wait ico ends?

Similar question was asked on reddit: https://www.reddit.com/r/ethereum/comments/5v7yoe/whats_your_opinion_on_edgeless_crowdsale_funds/

Quote:

I totally understand your point, however Edgeless is not a decentralised organisation/ business. It's a casino start-up which uses decentralisation for a randomness generation and transparency. Because we believe that's a significant improvement for gambling experience. Using it, Edgeless can get a strong competitive advantage against traditional online casinos and become really profitable business unit.

Crowdsale method is chosen as a "capital raising" method for a start-up. In exchange for 40% of casino profits. An analogy can be taken from a traditional start-up which is looking for VCs. VCs fund a startup in exchange of shares. Start-up gets capital for further development, VCs expects to earn profit from shares it just bought. Founders are NOT really making money from VC funds. Founders expect to earn money in a future, once a start-up is well developed and scaled business.

In this particular situation, Edgeless team will not make money/ get rich from collecting crowd sale money. All capital will be used for a start-up development in a period of 1 - 2 years. However Edgeless founders expect to turn a casino into really profitable/ scalable business, so they can get paid having 60% profits of the start-up (isnt it fair? after spending several years working on it). Investors get 40% of profits for their early support. Investors expect to earn money because they believe this team and start-up has a lot of potential to disrupt a casino industry.

Using this "capitalistic" approach we can be sure that all parties involved have a strong financial/ value creation incentive to take action. In this case we can make sure that business unit will have fast decision making (because it has only 3 co-founders, not 4000 people voting on decisions) and strong financial incentive to be extremely good product. And that's why freedom + capitalism is so dominant, because it makes sure people have enough motivation to run long and complex project.

Casino DAO is nice idea, however we feel world is not ready yet. And here are several reasons:

- smart contracts are experimental and untested technology. From a DAO hack example we can see that smart contracts are still in a super early phase. It will take many years ahead once we can move to complex smart contract systems. Human error in a contract is simply inavoidable, therefore we need to start building something really simple as randomness generation and only THEN move to complex DAO and decentralised systems. People built calculators first and only THEN moved to artificial intelligence. Not the other way around.

- DAO governance model is still not tested. There is a high chance that it will not perform really good in a technological environment which requires fast decision making and clear direction. And requires founders which are willing to die for their start-up.

- Casino business is extremely sensitive/ dependent on marketing. No marketing means no people on casino and business is pretty much dead. Having 3000 decision makers who are voting on these decisions can harm a business unit really bad. It simply would not catch up with small start-ups which can make decisions really fast.

With Edgeless we aim to build a business unit which is tangible and applicable in today's world, therefore we do not want to OVERPROMISE too much for early investors.

Regarding dev. teams token share - dev. team's tokens will be frozen for a long time. It will not be in use. Also dev. team keeps tokens because it might be that, after 1 - 2 years, start-up needs more capital for further scaling. Therefore tokens will be used to get extra capital.

And one more important note: Edgeless ICO IS NOT GET QUICK RICH SCHEME for token speculators. We do not promise 100000% ROI. We are realistic, making sure that your investment is protected and value creation happens over time. Not in a day.

Also your calculations are wrong. It's not 70% of tokens. Secondly number of issues tokens are growing every day. Also team holds 10%, not 12%. 2% are for bounty participants.


try this one https://edgelessethcasino.signup.team/


we are still working hard on that, hoping to launch before an end of ICO

Are you sure your estimation is correct

1 ETH = 1000Edgeless tokens
1 ETH =0.022BTC = 0.000022BTC = 2200sat

Are you sure your estimation is correct

1 ETH = 1000Edgeless tokens
1 ETH =0.022BTC = 0.000022BTC = 2200sat

Since ETH gets pumped a lot, Edgeless' price in bitcoin is increasing a lot too. Now is 0.00019 btc, aka 19000 sat. Will Ethereum go higher? If yes, we also make money. 

Is there no possibility of bounty distribution being available before the given period?

When you will update the spreadsheet with the bounties of the first week? (https://docs.google.com/spreadsheets/d/1dYtzLfT4POk4_FjSJVQGAWp_1xbehz_NOQkLHLEGZaE/edit#gid=0)

Since ETH gets pumped a lot, Edgeless' price in bitcoin is increasing a lot too. Now is 0.00019 btc, aka 19000 sat. Will Ethereum go higher? If yes, we also make money. 

Woah! that would is a good move to make calculations at  8 - 10$ and now ETH price has more than doubled and we could see it even crossing $30 by the time the ICO ends. Very happy to know that this will help the team to reach the milestones faster than ever!