Topic: Investing in Casino tokens such as BFG, OWL or TFS - page 24. (Read 8231 times)

so far, i haven't read any complaint or alarming warning signal towards betfury. so it means, they are doing their business fair and square. and if they are surviving til now, and it keeps on growing, then it means, they are doing something right. it won't expand if they are not generating income in this business. but as we have seen, they evolve and continuously growing their services. so i think, their bfg token is actually one of the casino tokens that are doing good today.

But there is no assurance the price will recover until it recovers, what may happen or not happen at some point... I believe to conclude if the investment is a good idea it should generate at least the same profit percentage investments in general return us, that is something between 5%-8% annually. Adding interest made and discounting token's devaluation we can reach to the real final profit to see if it was worthful or not.

This proportion is essential and must not be forgotten by investors.

You are 100% right iv4n! I am on Betfury since they did their bounty 2 years ago, so also gathered a nice amount of BFG thanks to that and had multiple small deposites/withdrawals with them before they acquired their license. A license helps but it is not because a casino is licensed that it is a legit casino.

It would nicer to see competition from this target venue of investment, so not just the business itself but the tokens that they are also promoting to be useful for investors investment, Same with what I'm mentioning the marketing is very important in terms of the success of each business and project, with good marketing or branding it will help to bring more interest and a possibility of potential investors to support the project.

Possible that Betfurry will compete with how Owl is doing by now. They are active on their thread, maybe a signature campaign will be offered again for engaging traffics to their platform.

Investors will look for projects they think can provide rewards like ATH in the future so that what they invest can give them big returns. Volatility in the market will occur but it depends on how strong the support gets from the project so that the price of the token will not be too affected by market price fluctuations.

If the casino token can't hold its own against the bear market, at least it can compete with other casino tokens so it probably won't be too heavy. It can be possible to fight a bear market if the casino token has strong support to withstand the rapid movement of market prices. The opportunity is still wide open because not many popular casinos have their own tokens, which can make the casino tokens survive and grow well in the future.

We have learnt by experience that most of the alternative cryptos are actually worthless and serve little to no utility, I am sure we can remember projects which looked quite promising back in the day during the boom of the ICOS, but nowadays these coins are a far cry from their initial price and relevance. The most important difference here as, someone mentioned, is that anyone can create or mint a shitcoin on a blockchain like ethereum or copy-paste the code and whitepaper of Bitcoin, but it is different when an entity like a Casino (which proven record and money reserves) does so. I believe it is less likely for a casino token to become useless or lose 100% of their relevance as long as the casino continues in business.

As any other altcoin, these casino issued token would likely suffer from the consequences of the bear market, which you mentioned but I doubt they will fall to the level of others we have seen.

You mentioned marketing there but speaking of it, all three of them are already doing it. I regularly see betfury, owlgames and the fairspin casino having their own signature campaign but if there is one that excels then I think that would be owlgames because they also have a bounty campaign which pays their participant with owl tokens (if I am not mistaken).

That must be worth it I believe because owlgames are being talked about lately more than their two competitors but I think they won't just let owlgames won the competition but maybe the two casinos are also cooking something and they will release it soon only to stay relevant on the game. Let see.

Investor interest in casino tokens is still low due to low liquidity in the market, limited utility, and other factors. So it is difficult for casino tokens to survive against the current bear market crash even the top altcoins cause a decline without Bitcoin price support. But the chance of casino tokens to grow is very possible because some popular casinos don't have tokens yet, so for future big hype then some casinos can partner to develop blockchain concept for multi platform casinos.

A Very well mentioned point as everyone is including this in his reply I'm satisfied with it so that but i would like to add one thing on it if investors are expecting yhe cycle rewards as ATH and ATL so they are making mistake these tokens perform Quite similar in both of the Markets as you can that its side ways Heavy market Volatility may impact them but on a stable hands no mean of trading them.

Even it's on a bull market, the volatile of these tokens won't change. But the perks will remain to be there and that's the reason why players become investors too of their own platform.

There are, and those are like related to fees and profit sharing.

If there really is any utility or use to the token, many people will buy or invest in that casino token because they can get other benefits from just gambling in that casino. One of the benefits is if the casino token can compete with other casino tokens in the market and get a good position and price so that investors can sell it at the price they want. But if the casino token can survive the fall in a bear market, I think it can still be considered good because the casino can withstand the fall so it doesn't drop drastically like other coins or tokens.

Of course, people will buy or make an investment with those casino tokens because of the utilities or perks they can use by holding or buying these tokens still we cannot remove the thing it can be easily get into the market volatility like now currently we are in the bear market anything can happen and possible dump immediately those tokens at the same time but of course not all the time it is for the long term to cut story short all about the utilties.

They are not fake. Actually they are more legit than typical shitcoins in the crypto market since the casino has license. SEC only cares about security token because this type of tokens serves as shares or stock in the company. You and the other guy that you quoted mix the definition of Security token to Utility Token. Casino token falls under utility token because it’s purpose is the utility and not for security meaning these kind of tokens value is not directly related to the company profit but it just base on speculation just like on the utility token in crypto.

Don’t be confused about utility token to security token because SEC only case about security token.

I agree that mostly depends on the country, for example, many crypto currencies have been accused by the SEC (XRP, BNB...) for allegedly being unregistered securities.
If these cases are solved in favor of these crypto-companies, that would create a precedent for a casino to mint their tokens with no fear the SEC will come after them.

On the other hand in the case these projects tokens are indeed clasified as securities, then casinos still have the option to move their operations to countries which allow them to mint tokens with no problem, there are even countries which do not have mention of cryptos or tokens in their laws whatsoever, so there are grey zones casinos could find in the meantime as the consider even better places to move to.

Most of these tokens made by casinos and exchanges are fake in the way that they're there to make them more money and they give nothing to the user. OK, scratch that, they give the users bit of excitement and allow them to think that those penny stocks will explode one day.

The way they want to pay you for everything with their tokens pushing them into signature campaigns, bonus payments and such shows they want to save some real value coins like BTC and ETH and fill as much void as possible with their shitcoins. It's always easier to make some money out of air and instead of giving a client $100 making him get $60 and $40 equivalent of their token.

We know that casino tokens whether it would really be just good for internal usage or into the platform itself.It is really just depending if those coins would be listed
on some exchange platforms then it shouldnt really be that an issue.Also if it do talks about regulation then it would really vary into each country whether they would
really be that strict or not.

If UK does have that particular regulation or rules then so be it but we know that not all corners of the world would be having on the same regulation according to things.
Therefore, behavior and actions into each casinos or companies might really differ.

After first question, all other questions doesnt make any sense. Because if casino is registered in respective country (like UK), it will never create any token of it's own. Because from the last time we know that SEC and other governments consider altcoins as a stocks. And they will not allow to create it without proper control.

So if casino emitted it's own token, it means that first question is false

Just example, I started playing at Betfury before they had any licenses... I tried them with some little amounts, they had fast deposit/withdrawals, daily payouts on time (pretty high in their beginning), and because I started earlier I had a chance to mine a lot of BFG's with some moderate wagering!

When we talk about legality, crypto itself is in some gray area, when we talk about crypto casinos it's  a"wild west" (quoted someone here)!

If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:

1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.

2) Tokenomics: What is the Marketcap? How many tokens are in circulation? What is the maximum number of tokens? (This can be easily checked on Coingecko)

3) Concentration: Are they whale addresses for this specific token? if so, How many? what percentage of the circulation these whales have? Is the casino one of these whales? is the casino the biggest one among them? (One can check this on a good explorer)

4) Concentration control/ Burning schedule: One of the reasons BNB reached high value was Binance burning schedule, so you must investigate.
Does the casino have a burning schedule for this token? is there an official burning address? if so, what is this address? can the burning schedule/process be verified?

5) Use case: Binance offered their clients some advantages if they held BNB, so you must also investigate.
What is the advantage this token offer on the casino/service? are these advantages good enough to attract more clients/players to the casino who may wish to buy this token?
In case the casino went out business, is there any decentralized application this token would have some use case on?

what sort of proof do you need for ou to trust a casino token?

would it be enough to show that the dividends that casino gave saved its holders from bear market and the crisis?
because if a bag holder did made it just relying on shared revenue from the casino i think the casino deserves it. the bagholder however must have spent a lot to bag the casino tokens.