How will you guys market to gamblers to convince them to use your site?
Quote from our ULTIMATE FAQ:
https://medium.com/edgeless/ultimate-edgeless-faq-22081ae768aa#.nit66c76lIn order to attract a fiat gambler we need to:
1) spread the message: 0% house edge casino, fully transparent casino already exists! (through gambling community forums, reddit groups, gambling media portals and other gambling related channels.) Since our casino is the only one in a market which offers these conditions, we expect that gamblers will catch our message easily.They already have a lot of frustration with casino transparency, delayed withdrawals and many more issues related to a casino industry)
2) help people to purchase a cryptocurrency (ETH in our case). We will release a lot of tutorials and make sure that they rank high and search engines, gambling community websites. Secondly process is extremely similar to registration process on fiat casino.
Online fiat casino registration process: you register your account, verify it sending your ID, deposit fiat currency, currency appears on your casino’s account.
Purchase crypto process: you register on exchange or services such as cashilia. Verify your account sending your ID, deposit/ send fiat currency, crypto appears on your crypto wallet.
So gamblers are pretty much used to this kind of a process. Crypto currency is extremely similar to online casino chips/ fiat.
bottom line: it would not be hard for gamblers to purchase a crypto.
3) Gamblers play on your casino using ETH!
Some global forces which make everything easier: more and more people are getting familiar with a crypto world, therefore it’s getting easier and easier to attract wider audiences who know how to use crypto.
What’s your long term business monetization strategy?
Attract a lot of gamblers, promoting 0% house edge games. (these games will cover casino marketing/ operation costs too).
Make profit/ monetise from traditional games such as Sports Betting/ Dice. Because part of the people who gave for 0% house edge will definitely try traditional games too (in marketing terms it can be called “an up-sell”)
Are the tokens you sell in ICO shraes that earns dividends or spendable currency on the gambling platform?
No, its not a dividend sharing token. However token can be used to participate in Edgeless Lottery which has a prize pool of 40% casino's profits.
Are the tokens you sell in ICO shraes that earns dividends or spendable currency on the gambling platform?
No they want avid profit sharing by creating game where you can win your profits from having EDG token.
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Question for team.
Using ETH blockchain will cost who will pay costs of using ETH blockchain ?
Why players will want to pay those small fees IF ETH will rise 10x cost will rise 10x.
And having to pay like 0.1$ for every roll is not fun.
While online casinos fees will be whole 0%
Maybe paying with 100$ will be ok but with 2$ is not that fun to run BlackJack
Maybe you will have 0% edge but you will eat fees equal like 1% edge of other online casino.
On early days of the casino, gas will be paid by a player. However since a contract is not written, we cannot tell what will be exact gas price. But we are aiming to optimize it as much as possible. Also an average player might play 60 - 80 average during 1 set, so gas wouldn't be that significant. Still WAY MUCH CHEAPER than a casino with edge.
IMPORTANT: All bounty participants, we have created a separate thread ONLY FOR BOUNTY questions. So we can answer them faster and in more organized way. If you have any bounty related questions, write it there:
https://bitcointalk.org/index.php?topic=1812026.new#new