I still want to give them a chance but the Neutral feedback is good too just to make sure that user is aware that this casino is indeed has connection to a scammer promoter. I would say play at your own risk but I’m not accusing them as scammer since they still didn’t commit the crime.
@Hunny, can you provide proof of reserve for your bankroll? This will might help you to convince player that you are serious on operating your casino in long term.
There seems to be many people in the community asking for proof of reserve. It is a reasonable request for businesses like CEX and others that works fully on smart contract.
But I believe we shouldn't provide and we are not obligated. Online crypto casino is a very sensitive and competitive industry and competitors constantly lookout for ways to oursmart each other. Have you tried asking BCGAMES and BETFURY for their proof of reserve? I believe no online crypto casino will give this details.
I am not saying proof of reserve is a bad thing or it should be discouraged for HunnyPlay. But rather some numbers needs to be shown and some not so for many reasons, especially for security. Here's how we operate. Whenever someone deposits, the crypto is sent to our smart contract. Not much of these coins will be kept there as these deposits will be sent immediately to many liquidity pools for different currency. So if any contracts or wallet were to be compromised, the losses will be brought down to minimum. We do not have everything in just 1 wallet, our liquidity management has to be more versatile and complex as we have to keep a constant healthy liquidity ready for swapping for all our coins accepted for payouts.
Besides that, transparency sometimes can bring down a project, e.g. Even when Terra showed that UST are backed by their exact reserve, all it took was some VC and big players to match UST reserve to bring them crumpling down. But its a whole new topic altogether.
Just to repeat again, HunnyPlay has been around since mid 2021. Currently we are pretty healthy in cashflow and are able to give out MegaWins from slots many times without any problems. Our most recent Megawin was on 26th Oct 2022, which the payout was way over 400k. The player used $300 to buy featured spin, and he won a $411,775.50
https://twitter.com/HunnyPlay_/status/1585115552548548608
More references can be found here: https://bitcointalksearch.org/topic/m.61214573
Second, merge your posts and avoid too many bumps the least that you don't want is to get your account locked because of forum rules violation, after this you are good to go.
Thanks for your advise. Let me try to merge your post replies into one. We will proceed to get a copper account.
@Hunny, can you provide proof of reserve for your bankroll? This will might help you to convince player that you are serious on operating your casino in long term.
I am in favor of this suggestion. @HunnyFinance, if you want to convince players that you are serious operator, maybe some transparency would help you to achieve this.
I just read what happened with your PancakeHunny (Hunny Finance) project in the past and it makes me uneasy to put my trust in a casino that you own. You claim it was a hack, however many sources online say it was actually a rug pull scam. Besides, if it was a hack, how do you explain that it happened twice?
https://coinmarketcap.com/currencies/hunnydao/
I just recently discovered too what happened in the past to this project. That previous alleged hack or rug pull will gonna make players scared on trusting again anything that this team creates. They failed on DeFi and now they shift to casino that is currently trend. I’m sensing that they are not serious on there business because there goal is always tilted after there product becomes failure.
Proof of reserve will make all this uncertainty go away and to make sure that these casino can operate and not just here to have another paycheck from running away players fund. I was impressed on this casino at first glance without knowing there background but now I’m already hesitant to support this unless they provide documents that will prove there reserves.
@Hunny seems ignoring this request.
We started as a DeFi yield aggregator that is forked from well-knowned and established yield aggregator. On top of that, we did additional security enhancement to the smart contract, and hired top smart contract audit firm CertiK to audit our contracts. Adding on with CertiK's in-house product active Skynet, which is not cheap for non-serious project.
However unfortunately we still got hacked. And we need to keep pushing new features to keep community and investors going, in the hopes of hitting a winning project. It is not as simple as what you mentioned "not serious on their business". Hunny have been trying its best to survive and following the DeFi trend as much as possible. When shit happens, we could easily packed our bag and go. But we chose to stay and pivoted a part of our business so that we can help everyone fight back money some losses or earn more through our DeFi platforms. Olympus DAO model was one of the more prominent and promising DeFi setup there was then earlier this year. Project HunnyDAO was one of the obvious solutions where we forked Olympus DAO.
There are always risks connected to DAOs. The thing is, this business model is a doom from the start, and only proven 3-6 months down the road. (If we knew, we wouldn't have create HunnyDAO in the first place) To us it is also a jungle forking from Olympus DAO model. It happened to all the Olympus DAO forks that were happening that time such as Klima Dao, Wonderland Money, Gyro Dao, Giza Dao, Rome Dao, Xeus Dao, Hector Dao, Spartacus Dao. All DAOs fell. No one DAO survived, not even the biggest Olympus DAO. So HunnyDAO fell and we had to keep moving.
Reference:
https://medium.com/hunnyfinance/hunny-phase-2-58cb6283fe7b
p.s. The chart of HunnyDAO you show is exactly the same for all the different DAOs chart out there, no one is a winner here. but the only difference is other projects let the tokens die, we are still creating staking usecases for our tokens for our investors.
Another fact is that we managed to hit our intented milestone of having a crypto casino 2 months after HunnyFinance was launched. HunnyPlay is profitable from day one since its launch till now. It also gives us the chance to support some of other Hunny products such as HunnyDAO and HunnyPoker as well. And staking $HUNNY in HunnyPlay to earn APY rewards is one of the benefits given to these long term $HUNNY hodlers who sticked with us throughout. I believe everyone can see we have been pretty serious with what we do.