Topic: JungleCasino.io | Fully decentralized Smart Casino | Low House Edge 1% | No KYC (Read 650 times)

Welcome to the Bitcoin talk forum, it is good to see a full fledge on-chain casinos coming up at some point and this is a remarkable fit for the gaming industry since this offers more privacy and also grants us access to control of our funds since we are going to be playing via connecting out polygon wallets, and also the low or zero fees also is another source of motivation for gamblers who may want to try out this new development, although most of us, are already used to the traditional casinos that have total control over all since their are centralized.
But with these on-chain casinos, grant us some level of freedom that most gamblers have been looking for over time and the core mandate of crypto casinos and how they operate in the true reality of things.

Thank you for your encouragement. I have some great news to share with you. The betting limit on the slots will be increased today, so this issue will no longer be a problem. Even though, as some have pointed out, I responded briefly, it was an aspect that we needed to review, and we were well aware of it. A partnership with Dapp Radar is starting, which will give us more visibility. The token will be launched in December, opening up other opportunities. I will share our deck here shortly.

To address your criticism of our games being less addictive than those offered on mainstream casinos (which, it must be acknowledged, are the same everywhere), it's true that there is less BS, sounds, and techniques used to push people to play compulsively. But there are two reasons for this that we fully embrace. We want to be a unique model of an "honest" casino, which is why we insist on everything being visible and verifiable on the blockchain, why we use Chainlink, why we allow addicted players to self-exclude their wallets, and why we will allow the community to invest in the casino to share profits via the token. We aim to have no operators or owners, no intermediaries, and no providers.

Our games are developed specifically for our casino, and our players appreciate this uniqueness that brings a breath of fresh air to what can be a somewhat monotonous world. We want to offer a project in line with the somewhat "anarchist" and libertarian philosophy of the crypto space. We come from crypto, and we want to challenge the norms because we believe we are at the dawn of a new era. Our games are not designed for the mainstream but to satisfy a population that is sensitive to this and we offer them games that contain nods and speak to them.

maybe they have reasons for now why they are only allowing 0.49matic max bet for that game. if you are not happy with the amount they are allowing to this game, better go to other casinos which can very well accept higher bets. considering their bankroll, maybe, they really don't have enough yet for now. it is understandable that such amount of bet would give you unreasonable winnings because of the tx fee. in short, it is not worth placing your bet. so for now, pause your bets in that game and maybe, wait for the time where they can allow bigger bet so you're not wasting your time.

Believe me, no one is trying to descredit you or the job you have done here. No gambler would stand against fair competition.
The problem here is that you wrote a one line answer for a very important question which made you look like you didn't give it much importance.
You are right, no one is going to make a 0.4 matic bet. So, wouldn't it be better if you just increase the minimum bet amount to solve this problem altogether and avoid getting such criticisms.

I agree on what you have said about being not flashy which if we do tend to visit or click their slot games which it do really just like a school project on which i could confidently say that i could be able make one on just simply integrating those pictures or images on a slot machine.   which is really that really just that too far if we do speak about into those known and popular slot providers which images and animation is really just that a far cry from it. If we do try to make some comparison about the numbers of decentralized casinos compared to those flashy ones then we can really tell the difference but we arent that blind not to see that those platforms are getting much more bigger numbers  when it comes to those people who do gamble
despite on having those kind of centralized terms and conditions. Well, we cant blame them out considering that user experience would really be totally different when it comes to this.

There’s a lot of this kind of Decentralized Casino existing that doesn’t need to create account and just use the web3 wallet to play. The 1% house edge is what makes this casino unique since their game has a very low house edge which means you are closely playing to a fair casino games which is just 1% casino advantage.

The problem on this type of casino was it doesn’t offer flashy games like the typical 3rd party provider since they are decentralized.

I don't know about this platform but if they keep to their words and actually do what I just read about them then this for sure would make a wave, you rarely hear about a completely decentralized casino, No having to register or perform any form of KYC is just amazing, I mean you're 100% sure of the maintaining your privacy. This would have created room for the results to be compromised but the below statement just fixed that.

This for sure is a wonderful project.

I have already answered this question. The site is in the launch phase, and if you look at the stats, no one plays 0.4 Matic once because indeed it's not interesting. When the token is launched, and the bankroll increases, this problem won't exist anymore, and people will be able to play with larger amounts on this game. For now, bets are mainly focused on dice. I understand that our site may worry less fair and verifiable casinos than ours, but users will choose to go there, and your attempts to discredit it won't change anything.

are you really going to deny answering other posts in which with important meaning? look about you there are several post that I believe will show how trustworthy your site yet you denied quoting?

I will quote it for you instead.


I believe OP needs to at least show some respect answering this? or will  just be denied and left unanswered ?

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BTW, i am not saying that the fees are large in $ sense when making a bet. But as a % of the bet you can make they are absolutely massive. Could you also please break down the fee structure ?
I understand the blockchain fee for polygon, but whats the other fee and is it % based ? Or how is that calculated.
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These are transaction fees and they do not vary based on the bet amount. We are going to launch a token and the bankroll will be larger soon, which will have the effect of allowing to bet much more in one go.

BTW, i am not saying that the fees are large in $ sense when making a bet. But as a % of the bet you can make they are absolutely massive. Could you also please break down the fee structure ?
I understand the blockchain fee for polygon, but whats the other fee and is it % based ? Or how is that calculated.

Hello. Thank you for your messages. We will indeed start communication soon. Here is a short teaser video.

https://www.youtube.com/watch?v=zmJPLQ2T2uY

Regarding the fees, they are ridiculously low, but as the bankroll is still very low, the most interesting game is dice because by playing with probabilities one can bet larger sums. That's what people are doing! The casino is starting up slowly but surely. It is now accessible in about twenty languages. Thank you for your trust! New flip games will arrive next week and the Bitcoin Raffle is also in preparation.

Good point here. This is the disadvantage of using on-chain bets on games like slot since you will need to spin bunch of it due to the nature of its game. But this maybe the reason why they reduce house edge to 1% since typical slot game usually have 4% house edge in average which is significantly higher to the games they offer.

I better the better solution on this is to have other option of blockchains that offer almost free transaction fee such as Optimism. But those fee is already compensated by there low house edge in my opinion.

The idea itself behnd the casino aint bad, being onchain and animals are a new angle aswell.

I do have a few issues with it however.

Right now the max bet on slots is 0.49 Matic.

The fees are ~0.02 - 0.1 Matic. - This GREATLY reduces the players ability to win anything back.

AND MORE IMPORTANTLY:
When i made a 0.49 Matic bet - the TX(0.2 Matic) + bet = total cost of 0.79 Matic. - I LOST THIS BET. IF i had won, i would get back 0.98 on a win
I tried once more with a 0.25 Matic bet - the TX (0.284 Matic) + Bet = total cost 0.55 Matic. - IF I WIN 2x i would get back 0.5

Right now. Even if you win, you loose.

I find the current system extremely dishonest. IF i make a bet with amount X, i expect to pay X + tx fee. NOT baked in extra fees.

This is a good news and congratulations on your achievement. So far I see your status is far still unknown here. You have a good casino and working perfectly well to say and your announcement thread here is not active anyway.  I think you should explore the promotional means of getting attention of members here to seeing the good you offer and the reasons why it should be patronised that should be able to put up your casino in the limelight here and possibly becoming known amongst amongst the top decentralised casinos we have on this platform.

🚀 Exciting News! 🚀

We are thrilled to announce that we are now listed on Dapp Radar!

Being listed on Dapp Radar, a trusted platform for discovering and analyzing decentralized applications, is a significant milestone for us⭐️

🔍 Explore, interact, and experience the best of what our dApp has to offer. Join us in this exciting journey and be part of our growing community!

https://dappradar.com/dapp/jungle-casino

We fully understand the concerns raised and we want to assure our community that appropriate measures are being taken to strengthen trust in our platform. We recognize the importance of security and privacy for our users, which is why we are committed to maintaining total transparency in our processes. Everything is visible on the blockchain, so no discrepancies are possible without being in full view.

Indeed, it is entirely possible to start playing with small amounts. This allows our users to test our system and become familiar with our platform without committing a significant portion of their resources. We believe this approach is beneficial both for new players and for those who prefer caution in their initial investments.

We are listening and are open to any suggestions that can improve the experience on our decentralized casino.

That was quick. Good to see the speed at which you guys are resolving issues which makes your site seem more reliable. It's weird that KYC was mentioned in your TOS in the first place, but I am glad you got rid of it.

That's the risk associated with these sort of sites which is why it's always better to invest small amounts initially just to be safe.

I hope you guys understand well that this casino is a decentralized casino which means all games is run through smart contracts. You don’t even need to create account to register but just connect your and you can play already. I’m not sure how KYC will be imposed on this kind of game since there’s no registered account involved.

This casino doesn’t have license which means they have no obligation to comply with AML policy to conduct KYC since they are not allowed to do it or else they are committing unregulated KYC. Decentralized casino doesn’t require KYC but it needs a lot of trust to the owner since you didn’t know exactly where to address your concerns if ever there’s problem on this casino since they have no legal tracks. Pros and cons tho.

But what does when necessary mean? I think it's better if they will be specific like saying KYC will be required for those who commit cheating. The doubts of the legit users are then going to be completely removed if they do this. They should only keep in mind that there are still legit users who value their privacy a lot, or thinking KYC is only a hassle thing to do, so they can still skip a casino like this.

Indeed, they shouldn't follow the footsteps of those casino who lied, telling their platform are KYC free, in hopes of attracting more users. Maybe they can get a player but once they found out the truth, they can still lose those immediately and worse is they will be reported.