I know some casinos have in the past created their own tokens to raise funds. Sometimes offering discounted fees, or other benefits for using the token on their site. The project I looked into is different.
Most of this tokens are nice projects and could sum up to huge funds in the near future. But my issues arises mostly when discounted offers are given because most often it's difficult to withdraw them especially when deposited amount doesn't qualify for such offers and we end up watching this tokens taken back by the sports book
Topic: Funding project development through slot gaming token - page 2. (Read 196 times)
You buy their native token to play in their slots. I'm assuming part of the tokens you bet will be burned when you said "deflationary".
This is where it becomes confusing. You will get some sort of a ticket to join their partner start up projects or you will be rewarded in another token if you win?
I'm just trying to break it down to make it clear as this sounds new to me.
This is where it becomes confusing. You will get some sort of a ticket to join their partner start up projects or you will be rewarded in another token if you win?
I'm just trying to break it down to make it clear as this sounds new to me.
Certainly if it's a project I'm interested in why not I would give it a big shot it could be an avenue to accumulate as much token as I can. But most of this casinos give irrelevant conditions for this tokens mostly if massive bonuses are given upon registration and and a win. I would closely study what I'm about investing in although maybe starting with a little token for a start.
Let me get this straight they are allowing the purchase of tokens that you can gamble with? That just sounds like a gimmick to me instead of anything actually valuable. Unless they offered better odds or a price boost with the use of the tokens I cannot see this being anything more than a gimmick. Are you able to provide a link so we could look at it in greater detail?
I know some casinos have in the past created their own tokens to raise funds. Sometimes offering discounted fees, or other benefits for using the token on their site. The project I looked into is different.
The pitch at launch is that once the network they are building on goes live that this token will serve as the only means for participating in their deflationary odds based slot based game. This was created by a launchpad platform, and all prizes are in the form of their launched IDO's. The project is set up in a way that it isn't a money generator for the launch team but to support the ecosystem - I think this is aminly through buying and using launchpad tokens as the prizes.
I found this interesting as I was already invested in projects that were linked. I wanted to see what the gambling community thought. If you aren't already linked to these projects in some way does this sort of game interest you? If one of the prizes was a project you were interested in are you more likely to "invest". To make it a bit easier, currently they are on the ETH network, and plan to go live when Cardano mainet in launched. Not to say something similar couldn't be used on differnt networks.
The pitch at launch is that once the network they are building on goes live that this token will serve as the only means for participating in their deflationary odds based slot based game. This was created by a launchpad platform, and all prizes are in the form of their launched IDO's. The project is set up in a way that it isn't a money generator for the launch team but to support the ecosystem - I think this is aminly through buying and using launchpad tokens as the prizes.
I found this interesting as I was already invested in projects that were linked. I wanted to see what the gambling community thought. If you aren't already linked to these projects in some way does this sort of game interest you? If one of the prizes was a project you were interested in are you more likely to "invest". To make it a bit easier, currently they are on the ETH network, and plan to go live when Cardano mainet in launched. Not to say something similar couldn't be used on differnt networks.
Jump to: