Topic: ⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️ - page 358. (Read 391259 times)

Thanks

Yes, a smart contract is definitely a game changer for a gambling industry.

I think EDGELESS ICO can be success because many people like online gambling

Sounds awesome

Also if you have more questions - feel free to join our slack community group: https://edgelessethcasino.signup.team/

wonderful Thank you for the clarification. You definitely have an intriguing idea here. I love the idea of investing in a gambling site, there will ALWAYS be those willing to part with their hard earned BTC for a few minutes of gaming

Casino is built on Ethereum Smart Contract and accepts ETH as a main currency for games Black Jack, Lunar Poker, Sports Betting or any other traditional casino games. EDG tokens can be used ONLY to participate in a lottery. 40% of casino's profits go to a lottery prize pool and EDG token holders can win a share of it. Lottery prizes are paid in ETH. Participants cannot lose their EDG tokens. It works as a "ticket" which you can use every month.

So to be sure  I understand completely before I think of investing. This is a casino, built with its own cryptocoin, with a profit sharing twist? Basically I buy ICO, hold coins, and have a 'chance' at winning a monthly profit share (40%). ave I understood correctly?

Thank's for support

I'm a gambler, and I like the idea of the Edgeless Full Transparency Casino. So, I want to take part in the Edgeless ICO and i belive in our success.

Till the end of a crowdsale.


Thank you for a feedback. We will update a bounty program making it more fair for other translators. Updated will be announced tomorrow.

Definitely iconomi's moderation rule was sucked, the russian translator bullshited and spammed on iconomi russian op, and he got 600k icn translation bounty, he deliberately did that spamming, pathetic, high stake of moderation will ruin your project.

signature campaign will run for 8 week ? or same time after crowdsale ends  ?

Edgeless

You copied bounty rules from Iconomi. But one moment was bad there.
And it is NOT FAIR to pay 5 stakes for 1 post in translated thread. Because there are a lot of spam usually. Especially in russian thread, where we can see a lot of stupid posts about nothing.
And what we have? For example, I want to translate your website (100 stakes) or WhitePaper(250 stakes). It is hard work and I will receive the same as BTT local translator for 20 spam posts in thread?
It is very bad.
You can delete this rule or pay at least 0,5-1 stake per post.
Thanks

Hi! I have some error in twitter bounty page, i have 560 followers, 8 retweet x 30 = 240 I think 

Thank you for clarifying dev I'm now joining in social media campaign hope to be successful on your project good luck .

Yes, wrote you a PM message.

Is german translation needed?

Already updated: you can check the list of signature bounty participants there: https://docs.google.com/spreadsheets/d/1dYtzLfT4POk4_FjSJVQGAWp_1xbehz_NOQkLHLEGZaE/edit#gid=0

do you have a limit for sign camp.?..vdice had 150-200 participants

otherwise its just spam all over BCT...

Check my PM please

there are couple of reasons why vDice token is below the price:

- currently vDice is extremely slow dice (they did not solve randomness generation speed problem). Traffic of a casino dropped significantly and profitability decreased. Also with such a randomness generation speed, vDice cannot wager a lot of money. People simply bet less because they need to wait more while outcome is decided.

- During a first week of sales, they gave a huge bonus for first wave investors. They purchased a lot of tokens for cheaper price and dumped them immediately lowering the price.

- vDice is on extremely small exchange (liqui). Because vDice is offering a profit sharing token, large exchanges would not take them. Being on large exchange naturally increases the price because it provdes a lot of liquidity

Our project deeply analysed strong and weak sides of a vDice and learned a lot, so we can improve. Here is a list of additional readings how we address questions above:

faster randomness generation so game can be playable:

https://medium.com/edgeless/finally-we-will-have-fully-transparent-casino-in-2017-7ef1ecd845a#.rmt9qm5fc
https://medium.com/edgeless/ethereum-blockchain-casinos-are-extremely-slow-solution-aaa2e3e95208#.2axgp66ga

crowdsale structure without offering insanely large bonuses on a first week, making inequality among investors:

edgeless.io
https://github.com/EdgelessCasino/White_paper/blob/master/White_Paper.pdf

token value backing making sure it has a chance to appear on a large exchange such as Poloniex and fit to their legal requirements:


https://medium.com/edgeless/important-changes-on-a-white-paper-and-business-model-2017-02-07-17a2b61de689#.qm6pxhwrx
https://medium.com/edgeless/edgeless-lounge-fc11c6274259#.1fpdylhsu


Thank's for your support


Yes

Ethereum Smart Contracts can be a total game changer for a whole gambling industry, therefore so many projects are raising in this area. Seeing this potential from our first project: etherslots.win we decided to create more powerful.

A short comparison table of Edgeless and vDice.

vDice - fully transparent dice

it's a first ethereum dice. Concept is pretty much similar to any dice casino, however it's using Ethereum Smart Contracts which makes a game fully transparent - that's a game changer. However ethereum blockchain does not have required transaction speeds for gambling dapp - it takes 1 - 2 minutes for vDice to generate a random number and decide a winner. From user experience, its really bad (hopefully ethereum blockchain will improve and transactions are going to be faster) and for now there is no way to scale a business, compete with bitcoin/ fiat casinos. It also offers a profit sharing model which is nice but might lead to legal troubles in the future. Also token has a hard time being accepted to large exchanges. Exchanges do not want to take profit sharing tokens, it's too risky for them from legal point of view.

Edgeless - next generation gambling experience

Edgeless will be on Ethereum Blockchain which guarantees a transparency.

Edgeless offers luck + skill games (Black Jack, Lunar Poker) with a 0% house edge. This is a totally new gambling concept, it's like next generation gambling experience. Idea is not new, people have been discussing it for years. However it was not possible to implement it on fiat running casino - operational costs are too high. Thank's to blockchain, crypto operational costs extremely low in comparison to fiat online casino - it makes possible to run a 0% house edge casino (0% edge luck+skill games profitability is similar to 0.83% edge pure luck game: https://wizardofodds.com/image/ask-the-wizard/how-poor-are-bj-players.pdf

Also 0% house edge games is a perfect marketing to attract masses of gamblers: https://medium.com/edgeless/casino-with-0-house-edge-perfect-marketing-strategy-7c1f2d49beb0#.9ufrf25j8

Edgeless is using different transparency mechanism (people will not need to wait 2 minutes) which makes casino way much faster and more user-friendly. Therefore we can compete with fiat casinos. More info: https://medium.com/edgeless/ethereum-blockchain-casinos-are-extremely-slow-solution-aaa2e3e95208#.c38fktdxt

Edgeless DOES NOT offer profit sharing token. We are more safe from legal side and our token has way much higher chance to appear on large exchanges.

Our token is backed by a monthly lottery game where EDG tokens can be used win a share (40%) of casino's profit.

I think vDice had a first mover advantage, and while we are not first on Ethereum, we had to learn from vDice mistakes and improve all other areas of our business model. We are aiming to compete with fiat online casinos - because that's where real casino market is!


For a bounty program we use escrow (current escrow of a Chronos Bank). After the crowd sale, data will be gathered and rewards announcement officially. Bounty participants will be asked to send their myetherwallet wallets addresses to us and escrow will send bounty rewards.