Gamblers what do you think | Bitcointalksearch.org

dansus021

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

'

In my opinion 3 of them is pretty basic just like other DAO but well its still work revenue shares are same as staking in my opinion because you get money from your revenue just like the dividen work. Buyback of token is also number 1 option in most of DAO project but I dont think this option is sustainable for the long term because till the company buys its own shares.

But like Other dao 1. You need have active development and have a lot of proposals so the community keeps deciding for company's future 2. airdrop and bounty and yes 3. is staking

LUCKMCFLY

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Quote from: TheUltraElite on November 21, 2024, 09:17:31 AM

A lot of disadvantages on the part of the token-buyer/investor and hence I dont invest in those tokens.

I understand and this is a very personal decision, according to what I saw since 2017 when there was that spectacular boom where ICOs were everywhere , where all you Saw were ICOS , many won for the simple fact that they caught this era with a bitcoin in a bullish rally state and it lasted until December , many made money with those tokens , with projects that burst very hard and even in altcoin trading, it was crazy , but now the tokens can have a Prolonged growth in the long Term but even so I see them as a great investment risk , I personally would not Recommend it.

bangjoe

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For me personally about casinos that have a sketch program such as having their own token, then tapping program rewards such as staking and the others are not so interesting in my eyes personally because they will not focus on running the casino which requires a level for sufficient seriousness high, not a few casinos that have been built big then go bankrupt because of management errors in the management of their business, so I feel doubtful about it, the casino will look cool if they are responsible for all their customers and can give us a pleasant experience, apologize for this argument subjective.

danherbias07

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Quote from: alegotardo on November 02, 2024, 06:45:29 PM

Ongoing Promotional Support
Develop a bonus system, run auctions, and entertain and reward your players for their engagement.

Yes, this is it. A better bonus system. Well, Stake.com did a great thing by enhancing their bonus system into the wagering requirement because there are others who will receive it without even doing anything or making a bet so the requirement makes it fair for other gamblers who had been risking their money just to reach a certain wagering amount.
The bonus system for me is a perk that would really invite more gamblers to one online casino because they will always look forward to that bonus and they will probably keep on playing just to reach the certain requirements to receive it.
Before, I got really lucky that I just lost $5 while making a $2000 wagered amount and I received a good bonus after doing that. I didn't spend much but what I received is more than what I lost.

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Wapfika

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Quote from: Koadharber on November 11, 2024, 09:01:07 PM

Not sellable?
https://www.coingecko.com/en/coins/rollbit-coin

It's currently trade on dex- uniswap specifically and you've seen that it is really that increasing it's price as of this moment. Doing buybacks is a good plan yet not all projects do make buybacks into their coins or tokens,doesn't matter whether a casino based token or not.

Rollbit had been here on this market for a while now and still kicking well in terms of popularity and relevance.

Agreed, Casino with utility tokens usually listed their tokens on different exchanges especially on DEX. The only problem for this utility tokens was its easy to saturate the market since the casino often use it as rakeback and other form of rewards to user that wager in the casino while the casino profit allocated on the buy back is not enough to absorb the selling pressure from those user that get tokens through rewards.

Betfury tokens is the best example here. They use BFG tokens for partnerships, rakeback and other form of marketing while the buy back is not consistently high enough to cover for sell pressure. The result is only few is interested to purchase more aside from users that gaining it from bonus.

TheUltraElite

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Quote from: LUCKMCFLY on November 09, 2024, 08:23:50 AM

For these reasons, in this way I say that we are people who must consider whether this will be able to benefit us or not, that's all, nothing more can be considered beyond that, it's my way of seeing it and thinking.

Projects can go downstream over a matter of days and investors may be pining for the returns for years. I am not saying that token in context is bad, it is the general idea of such things available for purchase over the crypto sphere.

With increasing casinos and the demand for allowing investing, they did come up with this concept, but it is far from actually investing in the casino's bankroll like what bustabit has done over the years.

A lot of disadvantages on the part of the token-buyer/investor and hence I dont invest in those tokens.

Koadharber

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Quote from: EarnOnVictor on November 03, 2024, 03:57:37 AM

Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

Maybe so, but the casino itself continues to build a great name for itself and tries to lead in some uncommon market-related projects in addition.

However, I can't see the uniqueness in 1. Buying back their tokens because if their token is not easily sellable in the crypto market, then it's useless to me. But the 2. Revenue sharing sounds cool and the same with 3. The staking if the offer is good.

Not sellable?
https://www.coingecko.com/en/coins/rollbit-coin

It's currently trade on dex- uniswap specifically and you've seen that it is really that increasing it's price as of this moment. Doing buybacks is a good plan yet not all projects do make buybacks into their coins or tokens,doesn't matter whether a casino based token or not.

Rollbit had been here on this market for a while now and still kicking well in terms of popularity and relevance.

LUCKMCFLY

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I think this depends a lot on how people see casinos, their tastes and preferences, I personally think that Rollbit is great , they have managed to demonstrate that NFT and token projects can be successful if they do things right, and that is something that many who are not casinos have not been able to achieve. For these reasons, in this way I say that we are people who must consider whether this will be able to benefit us or not, that's all, nothing more can be considered beyond that, it's my way of seeing it and thinking.

EarnOnVictor

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

Maybe so, but the casino itself continues to build a great name for itself and tries to lead in some uncommon market-related projects in addition.

However, I can't see the uniqueness in 1. Buying back their tokens because if their token is not easily sellable in the crypto market, then it's useless to me. But the 2. Revenue sharing sounds cool and the same with 3. The staking if the offer is good.

alegotardo

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

This would certainly help, but I believe that there is no point in a casino standing out from the rest in some aspects if it cannot maintain the quality of basic services, so make sure you have an efficient support service or a 24-hour call center that your players can contact at any time.

As other measures to stand out, I would suggest the following:

Have a good positioning in the market, assemble a professional marketing team and develop a strategy for your goals with exclusive resources.

Quality Games
You can start your casino with a limited number of game providers, but bet on the high quality and stability of these games... it is better to have a small and highly functional portfolio than several games with bugs and performance issues.

Pre-launch Advertising Campaign
Before you even launch a casino, you need to promote it to inspire your potential customers to wait for its launch; use all available channels: affiliate networks, online ads, offline presentations, media publications, etc.

Ongoing Promotional Support
Develop a bonus system, run auctions, and entertain and reward your players for their engagement.

Accardo

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Quote from: Findingnemo on November 01, 2024, 10:30:37 AM

For me, the user experience is most important think that makes them stand out among others. They should be able to handle the high rollers and big withdrawals with no issues and there are few casinos which were popular in the past failed to do it so and now they just faded away completely so again satisfying the customer is the most important think than the earning from the perks which should be additional not the primary thing.

Unfortunately for casinos that fail to provide all the needed services for gamblers such as withdrawals, and customer representative's end up losing most of their players. Due to the bad reviews sent out to casinos that have gotten on player's nerves... So, casinos that add up tokens and forms of revenue for players, may have settled other vital aspect of customer to business relationship.

Adbitco

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

You are emphasizing more on token instead of the gambling discussion therefore to me it's best to move this post the altcoin section than here since token has nothing to do with gambling discussion. I believe lot of casino here do have their native tokens and again if I am not mistakenly such token has been created before.

Saint-loup

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It's an interesting investment when the casino works fine and makes money, but if its business starts to fall down those tokens can start to be very risky to held actually because casinos usually keep a large amount of those tokens for themselves and they are very likely to massively sell them in order to easily get money to cover their expenses when they don't earn enough money anymore, especially if they think they will close their doors soon or if they think for some reasons their tokens will lose their value.

TelolettOm

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Quote from: bettercrypto on November 01, 2024, 12:58:24 PM

You are right there, usually there is a problem with the withdrawal issues of a player when the others are about to take out their winnings from playing either in slots games, sporst bet they got it. Where the usually common happens is that they are asked for kyc to verify if they are real people.

And there are also other casinos that take advantage of other gambling winners, which often happens in new casinos here in the crypto space. Especially in new casinos that say there is no kyc then in the end they will ask for kyc when they withdraw their winnings from gambling at the casino.

This is very related and depends on the user experiences in the casino. Once the user feels disadvantaged or does not get the results they want on the platform, and they have had a hard time managing it but the results are disappointing, then the results will also make the platform itself lose.

Because, currently there are many platforms to discuss gambling in certain casinos. which can actually harm the casino owner. because of that, user experience becomes one of the variables that must be considered when you want to analyze the casino platform properly. and this is what we all need to be more careful in using the gambling platform, including protecting their money too.

Ojima-ojo

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Quote from: vs2014 on October 27, 2024, 05:04:30 AM

I never think about casino tokens because most investors will not consider casino tokens as a serious investment or asset to hold on a long term basis. We should understand that the price of crypto currency fluctuates so after winning a bet you cannot sell your tokens when the price may decrease. Any gambling should offer stable currency services to bet so that your bet amount does not decrease. But there are many top casinos that have their own tokens. But not all sites will think so because there will be huge development costs. A gambling or casino owner only cares about making money so they don't blow money for free.

Aside from the fact that I am not a fan of altcoins investment because of their high volitilities and risk's, I still won't consider casinos tokens as a smart choice of investment in any ways, this is because most times, those casinos tokens are just meant to be used on those casinos and does not have the capacity to stand the pressure in the cryptocurrency market and at that investing in them, is not to be considered, because you will be putting yourself at risk by doing so.

I still remember a few of them that were popular in the market in the past, but on the long run, their run out of liquduties and ended up folding up, we have to apply Wisdom when making the choice of which coins we want to invest in and for how long we do that.

Oilacris

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

Casino based tokens arent something that worth to be hold on. Why? most of these tokens dumped hard and there's no way to be recovered. Why?
If gamblers do able to farm it out due to wagering then there's no way that they would be thinking on holding those tokens but rather they would really be selling out directly
and having some extra money that they could spend into their gambling. If they do able to see something interesting about the token when it comes to utility then
they might considering out on holding but in most cases it would really be that totally opposite.

Jawhead999

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Quote from: Ever-young on November 02, 2024, 10:50:04 AM

Maybe that can increase the demand for that token, and a price increase could be possible, but that won't last long since there is great competition in the casino industry.

I think it's not because of great competition, but I'd say it's because the casino already distribute the token a lot, as the supply increase and people tend to choose to sell the token, which make the price getting lower and lower.

It's hard to convince people to hold casino tokens, but there are some casino tokens are successful since the price are relatively stable instead of dump.

Ever-young

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Quote from: benalexis12 on October 31, 2024, 01:02:29 PM

It seems that there are only a few gambling companies that have their own tokens besides Rollbit; there is still BFG or Betfury, so I don't see it as having the potential to lift the market a lot.

But it seems that the Ath of this seems to be almost close to 1$ each; that's why I don't see any reason for it to happen, although it's also okay to gamble hung betfury sometimes.

The token usage is always limited to the casino; aside from it being available for trade in other crypto exchanges, you can't make good use of it for other things unless the casino is a big one and has a lot of customers, and there are some special benefits for those who make use of the token, like tournaments in which only the token holders can participate with a big potential reward and a native token deposit bonus. Maybe that can increase the demand for that token, and a price increase could be possible, but that won't last long since there is great competition in the casino industry.

sunsilk

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Quote from: Wapfika on November 01, 2024, 09:44:39 AM

Quote from: sunsilk on November 01, 2024, 09:20:41 AM

To be honest, it's best for most of the casinos to focus with their operations and games than to have another feature that they'll have to manage as well which is their tokenomics. That divides their asset and focus and resources instead of taking entirely their whole gambling operations.

There’s nothing much work done on having utility token in the casino since they only need to mint a token through a smart contract and add the token to the casino wallet to make it available to all the users.

The rest of the work is still about casino operations and so on since utility tokens value is just based on the speculation to the casino. Staking, bonuses and so on are just simple feature which doesn’t require much attention in terms of development.

With what I see for those casino tokens, it becomes a separate market even if it relies mostly on the operations of the casinos still you'd be able to see the difference between them.

There will be more moments about the good performance of a casino and their profitability but then the token relies on its own market, the demand and supply of it still go directly being impacted through its tokenomics.

Quote from: Wapfika on November 01, 2024, 09:44:39 AM

Actually, casino is at advantage having token as utility since they can use it for casino bonus rewards and other promotions without the need to use casino funds itself.

I agree about this but they shouldn't open it for trading and list in any exchanges. This is going to be an incentive token that circulates wholly to the casino.

Topic: Gamblers what do you think (Read 899 times)