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.
But with this era, everything changes and people's interest are also going wherever the trend is. So, there is no way to stop the casinos that offers also tokens or any type of shares. It also gives opportunity to those that trusts and believes them as a business.
There's no problem with that but I think they'll be more effective if it's only providing the best gaming experience without intervention of tokenomics and what not.
Topic: Gamblers what do you think - page 2. (Read 788 times)
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.
And this is how all the money is lost , for me there is no Other way this is Simply one of the Most incorrect things that are done , a token or any amount of tokens that are bought must be Exchanged when the first profit is made without Hesitation , those who do hodl is Only Making the most Speculators in the Market or the most cunning Win , the Casino would have to Put a Huge liquidity to Avoid having a token dumped and I don't Know anyone who gives away money that way , so when they try to Control it the best Investors leave and the Value of the token will never Grow.
These advantages are really quite good, but the OP named a cryptocasino, but the thing is that it is not the only one on our forum that has similar functionality. If other casinos see how competitors make various kinds of benefits, they understand that those who do not do this will be left behind. Therefore, they will steal ideas from each other if they consider it necessary. The fact that others have not done this yet is a matter of time or a decision that this is not a critical thing at the moment. In any case, there are many players who do not think about such things and just want to play without thinking about anything.
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.
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.
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.
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?
ROLLBIT is not the only Crypto casino but it is outrageous of its uniqueness from others due to its significant features of conveniences for players and of their cooperative funding initiatives.This outbursts its potential chances not just to attract bettors but also crypto Investors and trading enthusiasts.
RollBit is bided in an ecosystem which its traditional token staked on its lottery has an transparent feature interface.
The only they dont offer anymore is the real investing.
They try to do away with phrases like staking/token buyback and so on. You think that you are investing on the casino but in reality you are going to the loss. Hence they bring in the buzz because the market picks it up and the news blows up bringing in the views but are they actually useful? I dont know I am more in the "nay" side of things.
But if they actually offered investing, I would be the among the first few to contribute.
They try to do away with phrases like staking/token buyback and so on. You think that you are investing on the casino but in reality you are going to the loss. Hence they bring in the buzz because the market picks it up and the news blows up bringing in the views but are they actually useful? I dont know I am more in the "nay" side of things.
But if they actually offered investing, I would be the among the first few to contribute.
Rollbit web3 is not a casino it is a centralized platform
Do not confuse yourself, Rollbit is not Web3. Or if I am wrong, get a link that I can connect to Rollbit in a way that I can connect to my noncustodial wallet to fund my account. That is what Web3 is. But you are right that they are centralized. All Web3 casinos that I have known are also centralized.I can't say that rollbit is web 3 also but there are few facts that makes a platform or service web 3, like architecture, ownership and user experience. Rollbit isn't decentralised I guess, and decentralisation is part of web3, you can't rub off giving users control over their data and assets. Web 3 casinos offers more immersive experience with decentralised way of betting, tokenization and community driven decisions making.
Web3 casinos provides more secure and transparent experience with the potential for increased adoption and loyalty.
Web2 casinos established infrastructure and user base with a focus on convenience and familiarity. I think this is the way things should be, but online casinos this days just operates anyhow, and it seems that decentralised gambling is impossible, since many are forced to ask for KYC details from gamblers.
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?
Rollbit is not Web3 but web2, but it has a coin. What do you mean by 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? There is nothing different between web2 and Web3 casinos than the way they make deposits and withdrawals. Many Web3 casinos are also web2 because they support deposits and withdrawals just like those web2 but also support web3 by connecting with wallet. Some also support deposit through cards.You are right, there isn't much difference between the two, but it is a free world to believe in whatever I want, web3 casinos operate on decentralised platform and web 2 casinos rely on centralised servers controlled by corporations, as you can see, the difference is still there.
Decentralisation in web3 gives users the control over their data, equals to more transparency and inclusive digital haven.
Also web2 casinos rely on traditional payment gateways, but web3 casinos employs blockchain tech, you can't see thr authenticity of true ownership from web2 it seems, but very possible in web3 casinos.
The only problem I have is where the hell are the true decentralised casinos, one minute they pretend to be and the other they aren't anymore.
I like it when a casino or bookmaker has its own token, it is always very interesting. In my opinion, having your own token significantly expands the marketing capabilities of the gaming platform. After all, it is actually an additional tool for attracting users. Perhaps someone was not familiar with the gaming platform, but simply traded the token. In the process of trading, many users may become interested in the gaming part of the brand. They can go to the gaming platform as curious people and explore the games on the platform, satisfying their curiosity.
How do you find that interesting actually? I haven’t seen a casino token before that hasn’t scammed its holders yet. It is always a dumpfest from start to finish and whoever is stupid enough to hodl them wurthless tokens gets the boot. Casinos should adopt cheap and wellknown alts like doge and ltc if they want to attract pepple who demand low transaction fees. Freebitco.in adopted FUN token and it again ended badly because that token was completely crap to begin with.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Yeah, I understand this but at the same this is a way to bind your hands and feet. Bounded money (even for the small period) is the last thing I would want to see when visiting casinos.
Dropped in, took some games, withdrew (or cashed at casino's cage when inside the land based gambling spot), got out (with no money bind inside). This is my gambling credo.
Yes, you are right because when people invests in the casinos by buying the token and staking in that casino, they can not leaves the casino and only waiting until they gets the rewards. But they don't have to playing gambling and only need to waits while they can see their reward grows. Dropped in, took some games, withdrew (or cashed at casino's cage when inside the land based gambling spot), got out (with no money bind inside). This is my gambling credo.
Investing in the casino token or not will depends on their decision because no one force them to participates in that investment by staking the token to earns more amount. So that will be good for them because they only have to enjoy their time to playing gambling.
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?
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?
We have to ask ourselves how many customers do casinos that have their own tokens have compared to how many customers do casinos that don't have their own tokens have. I believe we will see that most of the old casinos that have a good reputation and are offering good bonuses and many advantages in VIP accounts will have more customers compared to casinos that have their own tokens. This is because a casino or betting house was made for people to go and play and not for people to make investments. When people play and lose and then the casino gives them a bonus, people are more motivated to continue playing at that casino. Now, when a person plays at a casino and receives tokens from the casino, then that person will take the token from the casino and start thinking about hodling to make more profit, that person will start to divert from gambling to investing.
As for me, I also prefer to bet crypto assets in gambling than usdt stablecoins. Because if you use crypto assets and the opportunity comes to win a huge amount, a huge amount of crypto assets will also go to our balance.
There is nothing called USDT stable coins. USDT is a stable coin while there are other stable coins. So I think you mean USDT and other coins that are backed by fiat. Stable coins are of wide range because their are many stable coins in crypto like wBTC that is backed by good and PaxG that is backed by gold etc. Also the stable coins that are backed by fiat that you are talking about are cryptocurrencies. You can uns unstable coins to refer to bitcoin and others their prices are not stable.Rollbit is not web3 casino as far as I know also, and there is no latest development in the Rollbit system that migrate them fro the normal traditional cryptocurrency casino to a Web3 at least, if there is anything like that, the team would have notified their community to keep them upto date we recent happings.
Even they can only have the Web3 as an alternative. Rollbit can not just substitute web2. 
Rollbit web3 is not a casino it is a centralized platform
Do not confuse yourself, Rollbit is not Web3. Or if I am wrong, get a link that I can connect to Rollbit in a way that I can connect to my noncustodial wallet to fund my account. That is what Web3 is. But you are right that they are centralized. All Web3 casinos that I have known are also centralized.And concerning Rollbit token for r NFT, it just based on the web3 network and for sure the token aspect of Rollbit is far different from the casino, and as a matter of assumptions, I don't think Rollbit tokens are accepted on the casino to stake bets.
Staking are just additional income for casino and to attract more people to playing gambling on their place.
Yeah, I understand this but at the same this is a way to bind your hands and feet. Bounded money (even for the small period) is the last thing I would want to see when visiting casinos.
Dropped in, took some games, withdrew (or cashed at casino's cage when inside the land based gambling spot), got out (with no money bind inside). This is my gambling credo.
I would prefer to receive my gambling winnings in the form of Bitcoin or Litecoin, rather than in the form of online casino tokens.
When I receive winnings in the form of tokens, I quickly exchange them for "harder currency", that is, for more liquid and widespread cryptocurrencies. At the same time, the release of online casinos' own tokens seems to me to be a very good marketing move. Many players like it, they accumulate these tokens to get more attractive gaming conditions.
Therefore, in my opinion, online casinos will continue their experiments with the release of their own tokens. This is an interesting practice.
When I receive winnings in the form of tokens, I quickly exchange them for "harder currency", that is, for more liquid and widespread cryptocurrencies. At the same time, the release of online casinos' own tokens seems to me to be a very good marketing move. Many players like it, they accumulate these tokens to get more attractive gaming conditions.
Therefore, in my opinion, online casinos will continue their experiments with the release of their own tokens. This is an interesting practice.
As for me, I also prefer to bet crypto assets in gambling than usdt stablecoins. Because if you use crypto assets and the opportunity comes to win a huge amount, a huge amount of crypto assets will also go to our balance.
So, if for example the one you used to match is TRX/Tron and we took it out in gambling where we won a huge amount and we transferred it to a cex platform and we hold it there, the amount we won in the value of usdt is still an opportunity this will multiply the amount we received at the gambling casino, right?
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?
This reminds me of our dear freebitco.in casino and their casino token but right now it's a different topic, so token doesn't really make any outstanding preference for me as a gambling in chosing my casino. There are more unique features and services that should make a casino distinguished, and having a token is the least of them. And moreover, be it a web2 or web3 type we still experience wins and losses. ROLLBIT is a cool reputable online casino, nevertheless, their token wouldn't be a core reason I would want to make use of their platform. Perhaps op, you'll need to tell me more...
I would prefer to receive my gambling winnings in the form of Bitcoin or Litecoin, rather than in the form of online casino tokens.
When I receive winnings in the form of tokens, I quickly exchange them for "harder currency", that is, for more liquid and widespread cryptocurrencies. At the same time, the release of online casinos' own tokens seems to me to be a very good marketing move. Many players like it, they accumulate these tokens to get more attractive gaming conditions.
Therefore, in my opinion, online casinos will continue their experiments with the release of their own tokens. This is an interesting practice.
When I receive winnings in the form of tokens, I quickly exchange them for "harder currency", that is, for more liquid and widespread cryptocurrencies. At the same time, the release of online casinos' own tokens seems to me to be a very good marketing move. Many players like it, they accumulate these tokens to get more attractive gaming conditions.
Therefore, in my opinion, online casinos will continue their experiments with the release of their own tokens. This is an interesting practice.
I like it when investment and gambling are trying to be combined. I mean, Yolodice had success in letting their gamblers invest rather than playing and many members here have made profits out of that investment plan in Yolodice, including me. We even had a thread of the computation here before but I think we will need to dig deeper to see it again.
Now what you are proposing is like what Binance did by using BNB. It's not a bad idea but I had never seen an online gambling site that made success by creating their own coins and using it for more privileges. It's a risk, the expense of getting developers and a team to maintain the coin and of course the marketing too. Then, you will have to take care of the online gambling site too which could be a big workload.
Now what you are proposing is like what Binance did by using BNB. It's not a bad idea but I had never seen an online gambling site that made success by creating their own coins and using it for more privileges. It's a risk, the expense of getting developers and a team to maintain the coin and of course the marketing too. Then, you will have to take care of the online gambling site too which could be a big workload.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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?
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?
Casinos are solely for gambling rather than for staking (which is supported by the numerous dedicated platforms available around crypto) thus I would not highlight the latter as the attractive part of their essence. Tokens are also out of my interest thus I would not bite this bait. Revenue shares is a good gamblers trap (solely my view) that has potential to get new customers providing they are not gambling-haters.
Jump to: