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.

bettercrypto

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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.

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.

Onyeeze

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Quote from: aioc on October 25, 2024, 12:41:29 PM

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.

Casinos with tokens don't guarantee their success or make them stand out. I have been into three casinos that were backed by tokens, and they are all gone now. BFG cannot be considered as more edge over the casinos even though their token is doing great in the market.
Its all about promotion, proper marketing and, of course, establishing your reputation in the industry, some gamblers don't even look on tokens they just want the gambling features and reputation of the casino.

exactly, what gamblers concentrate on in a casino is the features of the casinos, because is not all the casino that have same features, even a token in a particular casino is not that important to the sight of gamblers, what they needs is something unique from other casino, and that will get them interested if your casino have a particular casino a particular game that others casino doesn't
have, everyone casino knows what's their target and they know what they want market in market, that's why you see different casino having different features

Yucky

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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.

That's the issue with casino tokens. Because if that casino is not big, it means the probability of the token having value will be low. I mean, after gamblers spend their money to buy these tokens or use them to gamble or gamble to win tokens, they win a token that they can't convert to a reasonable amount of money. That won't make the casino stand out; instead, it might discourage gamblers from coming there.

I think casinos should stick to their pattern where you gamble, win your money, and get your fair share of rewards. Unless they really have investments and build a standard system, and their casino's tokens now have value. If it doesn't have value, there's no need to introduce it. They might have it as a feature while they keep building on it and working on it until people can see that this token has value, and everybody can see the price of the token.

They could also have an option where you can use the token or money. So, they shouldn't just make it only about tokens. I think that will make the casino stand out - having their token and having the option to use their token or just go betting the normal way for the startup period, while they build their token trust with gamblers.

Findingnemo

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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.

Pandu Geddon

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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.

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.

I agree with you. In fact, casinos that also offer benefits like Op get their users. This means that some gamblers want to get such benefits, not just focus on the game.
We can even see that casinos are currently developing staking features on their platforms. I'm not sure about the interest of gamblers with such features, but some gamblers may take advantage of it.
I prefer casinos that focus on developing their games, regardless of whether they own their own tokens or not, in fact, not many casino tokens are successfully traded at a good value on the market.

Wapfika

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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.

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.

Oluwa-btc

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

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?

It's not a big deal as it should seem and thinking having all of these features would make it stand out is what I take as not confidential cause all of this are involved in the casino but all of this boils down to the fact that the casinos are taking every slightest chances to promote the casino so it'll be visible to users , so there nothing special about standing out among others cause token or not be rest assured that you're up for win or losses so I don't think there's any room for revenue shares and all that.

sunsilk

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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.

LUCKMCFLY

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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.

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.

hedgeh0g

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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.

benalexis12

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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.

vs2014

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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.

EluguHcman

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

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.

TheUltraElite

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So anyway, I applied as a merit source :)

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.

KiaKia

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Quote from: _act_ on October 25, 2024, 03:16:44 PM

Quote from: Z_MBFM on October 25, 2024, 02:33:21 PM

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.

KiaKia

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Quote from: Oshosondy on October 25, 2024, 11:36:53 AM

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

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.

mindrust

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Quote from: Julien_Olynpic on October 26, 2024, 12:36:04 AM

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.

ethereumhunter

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Quote from: satscraper on October 26, 2024, 09:16:47 AM

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.

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.

Slow death

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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?

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.

_act_

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Quote from: gunhell16 on October 26, 2024, 08:42:28 AM

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.

Quote from: Wiwo on October 26, 2024, 09:25:04 AM

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.

Wiwo

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Quote from: _act_ on October 25, 2024, 03:16:44 PM

Quote from: Z_MBFM on October 25, 2024, 02:33:21 PM

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.

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.

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.

satscraper

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Quote from: ethereumhunter on October 26, 2024, 02:04:09 AM

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.

gunhell16

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Quote from: Smartprofit on October 26, 2024, 07:35:41 AM

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.

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?

Lida93

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

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...

Smartprofit

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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.

danherbias07

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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.

ethereumhunter

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Quote from: satscraper on October 26, 2024, 01:01:40 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?

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.

Staking are just additional income for casino and to attract more people to playing gambling on their place. Without staking, I guess casino can use promotion to attract people comes and that is not easy because they must compete with the other casinos. But if some casinos interest with creating tokens, that will be up to them but they must adjust their plan first and research the benefits for their casino. Not many people wants to invest in the casino tokens and they still prefer to invest in Bitcoin. Only whales that have much money and could allocate their money in many coins or tokens who wants to diversify their assets in crypto but that will depends on how good the casino.

satscraper

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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?

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.

Julien_Olynpic

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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.

peter0425

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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.

Honestly it depends.

Not all gamblers are looking for a new token to invest in. While profit is in mind of course, not every gambler is looking to benefit from revenue shares. Utmost priority is still the gambling features. Interface and user experience are what a gambler who regularly gambles would look out for.

Good selection of games, promos, marketing, withdrawal requirements, and bonuses could make or break a casino, and of course the community they can build.

jcojci

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If a casino wants to be stands out among the others, they must be able to serves their members better than the other casino. That is the key so when they succeed with that, they can create their tokens and offers many things benefits to their members. Having a token will be a secondary things for the casino to attract more people to becomes their members.

If people see the casino have reputation and trusted by many gamblers, they will want to invest their money to buy the token from casino. They will see staking, buyback the token, and revenue shares will be additional income for them while they are playing gambling.

Japinat

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Quote from: yahoo62278 on October 25, 2024, 10:07:55 PM

I'd be pretty careful when it comes to tokenized casinos. I haven't seen it work out to well for investors too often. Betking, Bitdice, Betterbets, and many others tokenized their product and screwed their investors over royally.

Does tokenizing mean it's a guaranteed scam going to happen? No, but be careful and invest only what you can afford to lose if they do scam. They're all going to make it sound great, but rarely have they followed through.

Exactly! Based on observation, hardly any gambling projects out there have really taken off, especially those that tokenized their casinos. Most of the big successes are privately funded, so if we’re sticking to the trend, it’s smart to stay cautious and not just dive into everything that seems tempting.

As for @yahoo62278, he’s been around for years, investing and running all kinds of projects through signatures, so I’d trust his judgment.

Hirose UK

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Quote from: yudi09 on October 25, 2024, 01:26:49 PM

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

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 cool even though other casinos are initiating telegram games that are said to be trending in new casinos.
It's not just Rollbit that has its own token, there are other casinos that have their own tokens, but I myself don't know why RLB is a more dominant gambler token.
Such an idea is good, but not necessarily for others.

There are many benefits that can be obtained by the casino, they indirectly get promotion on behalf of their gambling site and get other benefits from the adoption of the tokens they have when many people use them and get bigger investors.
If think logically, actually we as gamblers don't really get much benefit from all of this but the casino itself is the one that predominantly gets it, maybe we can follow the market and make purchases because the rise and fall of casino tokens tends to be faster but I haven't seen many big casinos succeed with all of this.

yahoo62278

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I'd be pretty careful when it comes to tokenized casinos. I haven't seen it work out to well for investors too often. Betking, Bitdice, Betterbets, and many others tokenized their product and screwed their investors over royally.

Does tokenizing mean it's a guaranteed scam going to happen? No, but be careful and invest only what you can afford to lose if they do scam. They're all going to make it sound great, but rarely have they followed through.

Wexnident

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

~

I still see no reason for tokens in itself. In essence, they're just VIP statuses and if that's that, there's REALLY no need to reinvent the wheel. Just improve the VIP logic that they use. It doesn't need to be a token and not to mention that the token invites a sort of competitive market since the value of it would naturally decrease/increase (more likely to decrease really) in the long run. At that point, unless it has a big incentive (and no, the coin going up is not an incentive imo, it's not guaranteed after all, just a probability), it's not really worth it.

Darker45

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I'm not a big fan of casinos that issue their own tokens. That sounds a double-whammy to me. First, you are most likely to lose money in a casino. Second, that casino's token will also most likely lose value over time. Not to mention that the development team owns the largest slice of the token's supply. That's easy and free money for them.

There are existing casinos that offer cashbacks, investment, and staking opportunities without creating their own tokens.

Weawant

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It will be a strategy to get some more players picking the casino as their choice so it's likely a way of getting more gamblers to joining a particular casino as we al know that betting isn't completely a win some game so an opportunity to get back some share of the funds you lost wouldn't be a bad idea and would want to make some hop on, just like you mentioned a casino already. Staking wouldn't be a bad idea same as the revenue share but the buy back token may not sit well with many others though it may depend on the terms anyways.

uneng

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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?

No, this isn't enough. There are already different casinos which tried offering their own native tokens, but failed standing out among its competitors. After all, these native tokens aren't profitable for investors on long term, making them worthless if considered as investments. Moreover, gamblers are interested in gambling, not in tokens investments. Meanwhile, neither investors are interested in such tokens, because there are more interesting opportunities in crypto market which don't involve investing in crypto casinos, considering this category of investment has a negative history in our timeline.

The only profitable kind of investment related to gambling industry was bankroll investment in popular crypto casinos, like Crypto-Games and YoloDice. However, it's not available anymore. Anyway, it wasn't enough to make a casino stand out among the others, as YoloDice was closed and Crypto-Games didn't maintain its influence along the years.

Accardo

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The revenue share? That would be grand for players, but it's a waste of time. The money would be sent back to the casino. There'll be no difference with using the wins as a revenue for players. However, the current ad revenue share on other social platforms, could drag in casinos to reconsider this kind of marketing scheme.

Which will get more players who hope to receive revenues for gambling for a period of 2 weeks or a month. Wouldn't rules affect how the sharing is distributed? It'll all favor them, and convert players to complete call gambling a job.

Hispo

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

..., 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?

My problem with the so-called decentralized casinos or Web3 casinos which alledgedly work thanks to the deployment of smart contracts in a Blockchain like Ethereum or Solana is the fact most of them are not as decentralized s they actually claim, the smart contracts are coded so they all have a little "back door" for the owner of the casino to use their private keys to pass through the protocol and carry out operations which nobody else as a gambler could be able to do in the first place, some argue it is a safeguard in case the protocol of the casino is interrupted by a serious bug and funds are locked, so the owner of the casino could retrieve all and help gamblers not to lose their money, but either way that turns a Web3 casino or betting book in nothing but a centralized casino/service which uses the premise of Blockchain technology as a marketing model.
The revenue sharing could be tempting to many, but it is also an aspect of those casinos which could be intervened by the master private key held by the owner of the casino.

livingfree

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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?

Those are just bonuses and addition factors for a casino to make and stand the most.

But the most important still I believe is the customer service. They're a customer oriented service and typically, complains about mostly with withdrawals and delays are the ones that are being addressed by the majority of them.

And that's why for me, a casino that stand the most is the one that does have a low percentage of complains about how their services and processes are.

HelliumZ

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Activity: 546

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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?

Just because a casino has its own token does not mean that casino will be successful. There are many casinos that have been shut down from the market forever despite having their own tokens. There are also some casinos that have their own tokens and have considerable popularity in the market. Having its own currency and giving Buyback, BettingPair, and some other ancillary benefits in that currency certainly creates enough popularity in the casino market.

passwordnow

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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?

That feature is the same just as the stocks or share holders having the shares of the company that they have invested. It's a good model because if you can't beat the casino, you can be with them by becoming an investor and holder of their token. But the risk there is also the same with what we're having in the crypto market and that's the volatility of their token. If the casino is doing good, somehow the token is going to reflect on its value per se. Although not at all times that it's going to reflect as it is because you'll see that sometimes it's on its own based on the tokenomics it has. Anyway, the exampled coin isn't doing well in a year chart.

Stalker22

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

~

These casino bonuses can be handy, but lotsa sites offer stuff like that nowadays. The real difference is gonna be in how its all put together. To stand out, a place needs killer games, maybe some new ones nobody has seen or be super focused on making using it easy and nice.

Think about it this way, if a casino has awesome games, pays people fast, and really takes care of customers it will get players even without flashy tokens and complex tokenomics. But if the basics arent tight - the games aint fun, slow payments, customer service blows you off - no amount of token whatever is gonna keep people coming back. Basically you gotta nail the core stuff first. Do that and Im betting the rest takes care of itself.

Silberman

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Quote from: BIT-BENDER on October 25, 2024, 04:00:18 PM

Those are features for a Crypto-currency project and not a gambling platform, who would be a gambler searching for a good gambling site to use and consider such features?
So as a gambler I don't think much about those features I am concerned about how the game is, and other quality relating to gambling.

Agreed, I could care less if the casino in which I am interested in gambling in has a token or it offers anything related to them, I care about the customer service, KYC policies, fast withdrawals and reputation, which are by far way more important to my experience as a gambler than whatever they may be doing on their business side of things, and I am sure that I am not alone on this, since if I wanted to invest in a coin instead of gambling I already have bitcoin for that.

BIT-BENDER

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Playbet.io - Crypto Casino and Sportsbook

Those are features for a Crypto-currency project and not a gambling platform, who would be a gambler searching for a good gambling site to use and consider such features?
So as a gambler I don't think much about those features I am concerned about how the game is, and other quality relating to gambling.

Coin_trader

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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 is a casino DeFi part which is not the main selling point of the casino. Casino like Stake which is the top crypto casino doesn’t even have this feature yet still thriving which means this feature is not a casino necessities.

VIP program of the casino makes them stands out against other casino including the regular bonuses such as rakeback from daily, weekly and monthly which is the percentage of the house edge

Lastly, referral program is one solid part of the casino that attracts most of the influencers to recruit players for the casino.

alani123

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Leading Crypto Sports Betting & Casino Platform

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?

I don't really believe in a casino having tokens. If a casino wants to attract investment, let them go though the regulation to get it the proper way. If they get it with crypto they can make a run for it.

Generally also we don't need more shitty tokens. And a casino wouldn't give away a share of their profits if it was certain. So consider that it's something important that this isn't the standard for a reason.

coin-investor

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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.

None of these are. Stake and other top casinos do not have these, but they are doing great and stand out among other casinos. The majority of gamblers are here to play and enjoy and not invest in casinos' tokens. You can easily tell how a casino becomes standout on how they brand and establish their reputation. Top casinos are well marketed, and they have gained the support of the gambling community because of reputation.
The gambling community always looks up to casinos with good marketing because marketing and branding can easily tell that the casino can sustain their operation, and their goal is to be a standout in the gambling industry.

GxSTxV

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I think you are mistaken here, sinxe It doesn’t mean that Web2 casinos cannot create their own tokens or introduce staking and revenue sharing. The key difference with Web3 casinos is that they are decentralized and anyone with a Dapp wallet can connect and start playing without the usual sign up complicated process. This model of casinos are built to reward users more directly, which definitely makes it more attractive to investors. Plus, the transparency that comes with blockchain tech adds another prositve point of trust and appeal. What do you guys think, will Web3 eventually outshine Web2 in the casino space even that the difference is not that big.

_act_

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Lightning network is good with small amount of BTC

Quote from: Z_MBFM on October 25, 2024, 02:33:21 PM

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.

CryptoHeadlineNews

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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.

There are always 5 primary major factors people consider before looking for an online or physical casinos, of which what you mentioned above can never make a casino stand out in the industry, considering the nature of new casinos been launched daily. As what you mentioned are literally secondary reasons people may consider, whereas the 5 primary factors most people look out for which makes it stand out are;...

1. Reputation: When a casino has good reputation both between online and offline community, it always tend to stand out among others.

2. Fast Deposit & withdrawal: When a casino has fast deposit, withdrawal amount, it always tend to make it stand out to others.

3. Easy to use interface: When a casino has good easy to use interface, it always tend to stand out among others.

4. Customer support: When a casino has a quick response and solutions to complaints made by gamblers, it usually makes it stand out among others. E.t.c

However, majority of gamblers will rather love to have their funds in Bitcoin, to rather a casino tokens.

mindrust

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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?

I don't really like casinos with their own crypto tokens so point 1 is totally meaningless to me.

Revenue shares, I guess you mean profit sharing aka "accepting investors", this is the most important feature to me. If a casino shares their profits with its investors that's a very good feature. I like to play but being an investor is more I like. Who doesn't like passive income anyway?

Staking... meh. Staking is crap. You probably mean eth staking and similar... These coins have no hard cap on supply so staking is pointless. I'd rather prefer interest on btc.

bettercrypto

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DGbet.fun - Crypto Sportsbook

Maybe if you only rarely play gambling, it's good to choose staking, at least if the opportunity comes to play gambling and your period of staking can also be over.

And if you like to gamble, whether online or physically, it's good to play in casinos that have rakeback, I'm not sure if all gambling casinos give rakeback to their casino players.

Z_MBFM

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Activity: 546

Merit: 309

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?

Rollbit web3 is not a casino it is a centralized platform. And they now occupy a very large place in the gambling market. And that's why the token they launched along with the popularity of their casino has developed a lot. I will appreciate the team's activity for this. Because they were very careful about their casino sites as well as their toppins. That's why it is the top number 1 among gambling tokens with a market cap of around $153m. Different companies develop their successful services and products by adopting their own strategies in different ways. Rollbit is one such successful casino platform.

Zadicar

legendary

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DGbet.fun - Crypto Sportsbook

Quote from: OgNasty on October 25, 2024, 02:04:40 PM

I’d love it if Stake offered some sort of profit sharing or ownership that could be bought into. Successful casinos with a ton of cash have little reason to offer such options though. Typically companies that do are those that need to raise funds from their community and are willing to pay for it. When it comes to casinos, that’s a bit of a red flag.

I dont know if Bustabit is still offering that revenue sharing as this is the site on which i do know or been wary of that they are offering such opportunity to get some revenue shares on sites profits.
As for todays platforms or casinos then i dont really think that they will really be offering such thing because most of them launching up completely without asking for any bankroll share or some sort.
As for tokens or those casino based tokens then i dont see for this a solid factor that could hook up gamblers to play into the site. Just like the rest been saying that most of these tokens dump
to the floor considering that these could really be that earned through wagering. So who wouldnt really be trying out to secure those tokens while the price is still not down?
Pretty sure you would be thinking on securing it out while its still in good value and make most out of it.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

I’d love it if Stake offered some sort of profit sharing or ownership that could be bought into. Successful casinos with a ton of cash have little reason to offer such options though. Typically companies that do are those that need to raise funds from their community and are willing to pay for it. When it comes to casinos, that’s a bit of a red flag.

coolcoinz

legendary

Activity: 2814

Merit: 1192

I don't like shitcoins and never invest in them. If a casino would make me use their tokens and convert my coins every time I want to play, I'd quit and never come back.

If the token was just a form of investment in the casino, I'd ask they why they need to make another shitcoin to let people invest. I might want to invest, but it would have to be a well versed agreement where I give them BTC and get to participate in their revenue stream. Conversion to a shitcoin would always look shady because if they go bankrupt there's no guarantees I'll get my money back. I might get their coin back, but at that point it could be worth 10% of what it used to be.

Staking feels dumb too. I don't go to a casino to stake my coins but to gamble.

Wiwo

hero member

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Top Crypto Casino

All the mentioned above points is far free m what make a casino to be among the most rated casinos this is because when you want to talk about reputation which come from long time dedication to service delivery to they players which is the most important aspect of a casino, that is giving gamblers best games and also payment systems and also crisis resolution mechanism.

Aside from the above, I believe that no one really care about a casino token and also most expect investors don't take casino token as a serious investment or assets to hold for long term basis, so for that we shouldn't pick a casino token to be a basis for rating such a casino, take for example some few top rated crypto casinos that we have here like stake have not developed a token but yet due to the contributions to the industry their still remains top cryptocurrency casinos.

crwth

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https://linktr.ee/crwthopia

I don’t think that’s utility because it’s more like a member investment opportunity. It’s an exciting proposal, knowing it’s not yet much done, right? I didn’t realize that RoLLBit does that. If there is another income stream there, it might be a great attraction for investors.

swogerino

legendary

Activity: 3318

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Bitcoin Casino Est. 2013

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?

I think everybody in the big names of casino does revenue share, they offer a huge amount of money to players every week and every month and that in itself is the greatest form of revenue share going from less than 20 million dollars weekly and well over 100 or more millions in the monthly distribution. Now if you are asking for Revenue Share in the form of companies for example that some companies share 20% of the yearly profit as dividend with their workers this is a completely new thing and well done if some casino or the one mentioned here is doing that. Staking maybe does not work that well as gamblers are compulsive, most of them at least by nature so it is difficult this type of implementation in the casino, unless for staking you say to invest some money in the casino and take profit from the part of sharing.

khiholangkang

hero member

Activity: 2226

Merit: 610

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?

Yes it is very cool, this casino gives a wider space and directly integrated with a large enough blockchain, solana and has its own tokens, it is good enough and I strongly agree with you, but if the benefits of profit from staking are better to find other income more Extensive and focus on their staking services, it will be quite helpful, because if I spend a casino event, I think it's not a good decision for me to risk it, and make a rollbit for a casino for a place to gamble with the token.

yudi09

hero member

Activity: 1316

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Rollbit - The #1 Solana Casino

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

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 cool even though other casinos are initiating telegram games that are said to be trending in new casinos.
It's not just Rollbit that has its own token, there are other casinos that have their own tokens, but I myself don't know why RLB is a more dominant gambler token.
Such an idea is good, but not necessarily for others.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

Some say it's an additional piece of revenue for the casino because they own the utility of their tokens, including some of the features on offer.

Usually, casinos buy-back tokens and then burn them.
Or betting on casino tokens will have special loyalty or something similar that I know of.

But the last part for me is a little bit confused, by saying web3 get from the revenue part? So that's what I don't understand.

Jemzx00

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Activity: 1498

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Be nice!

Having their own tokens doesn't really make a casino or gambling platform to stand out to any gambler. This may however attract investors instead of gamblers.

Gamblers tends to be more attracted on the reputation of the platforms which is why famous gambling platforms tends to have more high rollers than those unpopular platforms. Promotions, bonuses and cashback are also one of the best ways to have more gamblers keep on coming back to play on the casino. Lastly, better odds than other casinos are one of the things gamblers look into.

aioc

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Activity: 2926

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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.

Casinos with tokens don't guarantee their success or make them stand out. I have been into three casinos that were backed by tokens, and they are all gone now. BFG cannot be considered as more edge over the casinos even though their token is doing great in the market.
Its all about promotion, proper marketing and, of course, establishing your reputation in the industry, some gamblers don't even look on tokens they just want the gambling features and reputation of the casino.

Cryptomultiplier

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Activity: 980

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Every casino has its own design and features that makes it standout from the rest and if a gambler like myself gets to understand the TOS and have funds as well as if such a casino is not restricted in my region, I would consider such a casino my favorite and patronize it often.
The upgrade many online sites are undergoing currently, covers as much web3 and AI integrations and that's a way forward for other rising casino centres and sites wanting to make the best profit in this season.

AliMan

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Vave.com - Crypto Casino

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?

How I wish this could be true and legit for next few months, because after all sorts of potential hypes these casino is just using tokens for gambling as promotional awareness for everybody. After all everything will go normally as gambling business will seek for revenue from each of their subscribers who joined the platform. Blockchain is a broad coverage and has its unique approach in terms of its economic growth, so let's expect several changes that might take place with respect to individual preference.

retreat

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Activity: 1106

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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.
-snip-

I see that all three are attractive offers that can be offered by gambling platforms because their goals are the same, to benefit investors/token holders. However, regarding how a platform can stand out among the others, there are several things that can be considered, such as the reputation and credibility of the gambling platform, how they handle their players, provide the best service, etc., that is the most important thing for players and token holders. Because no matter what a gambling platform offers various benefits to buy their tokens, without being backed up by their reputation and credibility, then in the end what they offer will be a scam.

asyakashi

sr. member

Activity: 1918

Merit: 256

Just.bet - Decentralized On-chain Casino

if you focus on investment it will be cool, if I personally do not have much influence, both burn back, staking & profit sharing, I only think that they are promoting their products, the appeal of the casino can be seen from the license, the number of real active users and of course smooth deposits and withdrawals

Oshosondy

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Gamble responsibly

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

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.

Upgrade00

legendary

Activity: 2254

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Playgram - The Telegram Casino

This looks like a form of promotion for the mentioned casino.

Having a custom token is a secondary part of a casino, so is not a gambling topic.

KiaKia

sr. member

Activity: 728

Merit: 388

DGbet.fun - Crypto Sportsbook

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?

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