The ICO hype doesn’t seem to die down at all, all the new projects use this way to raise investments… it seems all the reasonable to me that some countries simply forbid arranging such events and thus save the residents from yet another scam opporunity.
Topic: FreeCash - the first casino that has a winners-only policy! - page 10. (Read 22151 times)
Crypto Valley Association, a consortium of multiple large companies that fills a similar role as incubators do in Silicon Valley, recently issued a statement warning about the lack of «traditional support structures» in ICOs.
Known as the world’s oldest neutral country, Switzerland is also the epicenter for ICOs. Four of the five highest grossing ICOs have been launched in the country, according to the Crypto Valley Association (CVA) due to its relaxed stance on cryptocurrencies. Here, cryptocurrencies are considered assets rather than securities. Note that this is one of the most important distinctions in regulations as many more rules are imposed on securities and more protections are put in place for investors.
have you read this article further? and have you seen its title to begin with? it’s called ‘how the bitcoin bubble will pop’)))))
Known as the world’s oldest neutral country, Switzerland is also the epicenter for ICOs. Four of the five highest grossing ICOs have been launched in the country, according to the Crypto Valley Association (CVA) due to its relaxed stance on cryptocurrencies. Here, cryptocurrencies are considered assets rather than securities. Note that this is one of the most important distinctions in regulations as many more rules are imposed on securities and more protections are put in place for investors.
What’s everyone’s opinion on the long-term prospects of this project? i kinda indicated two pros and one con for me. The pros are that the concept is highly demanded (gambling is always profitable as a whole) and the fact that people behind this project are dealing with a big online gambling entertainment supplier. The ultimate con is, normally, that the concept is in the embryo stage and it’s very difficult to predict its outcome. An online gambling business is also pretty controversial. It’s allowed today, but can get restricted at any moment, according to the world-wide legal practices. Then what? Well, theses are my thoughts...
can’t argue too much here… you’re pretty on spot.. but as for your last statement… The project only concerns the countries of the third world. we could argue about laws and legal regulations all we want, but those countries are highly unlikely to forbid such a profitable industry.What’s everyone’s opinion on the long-term prospects of this project? i kinda indicated two pros and one con for me. The pros are that the concept is highly demanded (gambling is always profitable as a whole) and the fact that people behind this project are dealing with a big online gambling entertainment supplier. The ultimate con is, normally, that the concept is in the embryo stage and it’s very difficult to predict its outcome. An online gambling business is also pretty controversial. It’s allowed today, but can get restricted at any moment, according to the world-wide legal practices. Then what? Well, theses are my thoughts...
can’t argue too much here… you’re pretty on spot.. but as for your last statement… The project only concerns the countries of the third world. we could argue about laws and legal regulations all we want, but those countries are highly unlikely to forbid such a profitable industry.What’s everyone’s opinion on the long-term prospects of this project? i kinda indicated two pros and one con for me. The pros are that the concept is highly demanded (gambling is always profitable as a whole) and the fact that people behind this project are dealing with a big online gambling entertainment supplier. The ultimate con is, normally, that the concept is in the embryo stage and it’s very difficult to predict its outcome. An online gambling business is also pretty controversial. It’s allowed today, but can get restricted at any moment, according to the world-wide legal practices. Then what? Well, theses are my thoughts...
can’t argue too much here… you’re pretty on spot.. but as for your last statement… The project only concerns the countries of the third world. we could argue about laws and legal regulations all we want, but those countries are highly unlikely to forbid such a profitable industry.
What’s everyone’s opinion on the long-term prospects of this project? i kinda indicated two pros and one con for me. The pros are that the concept is highly demanded (gambling is always profitable as a whole) and the fact that people behind this project are dealing with a big online gambling entertainment supplier. The ultimate con is, normally, that the concept is in the embryo stage and it’s very difficult to predict its outcome. An online gambling business is also pretty controversial. It’s allowed today, but can get restricted at any moment, according to the world-wide legal practices. Then what? Well, theses are my thoughts...
absolutely, I’ve read the documentation, it’s all fine
Objectively speaking, this project is pretty ‘clean’ formally)
hahah, what, you wanna see how organizers spill their scammy ico plans right in the topical thread?))))
no, i don’t, but i’m interested in what others have to say
I’m hesitant when it comes to the topic of ICOs itself)) I’m not gonna be too particular about this project because everything’s done professionally and there’s no way to identify the truest of their intentions.
Pffff… People that keep bringing up scams, are you from the previous century? I’ve personally had a good bunch of ideas, which I couldn’t afford to realize. Looking for investment opportunities with the help of forums and whatnot is only reasonable.
hahah, what, you wanna see how organizers spill their scammy ico plans right in the topical thread?))))
I’ve been reading soo many scam ico articles lately, there’s just nothing new out there. Advices on avoiding scams are also obsolete. It’s difficult to judge a certain project, i’m rather interested in who thinks what about this one project.
I see the thread is growing with interest. I would need a tiny bit more conviction to invest in your project though))))
Well, it’s your decision to make. The main advantages FreeCash team highlight are 1. you can play both with real money and tokens mined during the game; 2. PRIZE tokens can be exchanged for real advertisers’ gifts. According to practice, those gifts can go as far as to be a car or a golden accessory.You can't play with real money, you can however you generate in game credits (earned by mining) .
These credits can be exchanged for prizes, in app purchases or cashed out. Depending on user knowledge, this will either be through their hosted wallet (zero knowledge) where we complete the exchange for them, or via their own ERC20 wallet (more advanced knowledge) where they sell on a public exchange themselves. PRIZE is also the way that advertising contracts are bought.
I get an ambiguous impression from this concept. On one hand, it’s a fact that there will always be gamblers and they will always be bringing money. On the other, the project’s curve… like, the people who play roulette aren’t the same people who are interested in crypto… Well, sorry, but I think your ICO won’t manage)))
A company representative response: We are cooperating with renowned gaming platforms and will continue expanding the list of partners. Numerous audience playing the roulette, blackjack, etc. simply get an opportunity to employ the advantages of our platform as well. It’s simple.) I see the thread is growing with interest. I would need a tiny bit more conviction to invest in your project though))))
Well, it’s your decision to make. The main advantages FreeCash team highlight are 1. you can play both with real money and tokens mined during the game; 2. PRIZE tokens can be exchanged for real advertisers’ gifts. According to practice, those gifts can go as far as to be a car or a golden accessory. so you settled with the PoS consensus? small numbers of people own the majority of stakes in the network with such approach... what’d you say?...
The PoS algorithm chooses a new block creator in a deterministic manner. It depends on the blocks wealth. So, PoS fits the structure of FreeCash project perfectly.
I frequently search for projects to invest in and when I see something like your project I immediately think ‘damn, how didn’t I come up with this myself?’ )) Nice job, wish you all the luck.
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