MetaWin.com | The First WEB3 Casino - page 12.

avp2306

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Quote from: Poker Player on December 01, 2024, 10:20:07 PM

Quote from: avp2306 on December 01, 2024, 04:58:10 PM

But for ordinary guys for sure we know its expensive to acquire and main those supercars so the only option people could ever had is to sell immediately the Bugatti if it happens that they are the one who can get that bounty.

Did you mean “maintain”?

Even so, if you are going to sell the car it is going to be better to get the title on tokens than to have the car shipped to you and you physically sell it. It will be easier for you. Although the only good thing about receiving the car would be that you would at least get a few turns before selling it.

Just for acquiring the supercar but the receiver always have an option to tokenized and sell it.

Quote from: Poker Player on December 02, 2024, 06:02:12 AM

Quote from: shield132 on December 02, 2024, 05:16:11 AM

Is it easy to sell tokenized cars? Who will want to buy it, what will be the use case and benefit of it for the buyer? This is what I don't understand. Does selling tokens mean that the ownership goes to the new buyer? Who will send the car to the owner then? Sorry, I'm confused.

Let's see, I don't know much about that market either, other than what I've read about it. In the case of the car I think it is easier to sell it tokenized if you sell it 100% and that way the person who buys it from you can receive the car. In other types of investments it makes more sense to split them to sell them in pieces if you expect the price to go up. In the case of the Bugatti, if potential buyers believe that the price may go up over time (contrary to what happens with 99% of cars), they may be interested in buying tokens without getting 100%..

But think that the potential buyers of a $4.5 million car are very few anyway. In any case I think it is always easier to sell it tokenized, and if you live in countries like Bangladesh is that it is the only feasible way to receive it.

We don't have an idea about this since we never tried it Cheesy

. But for sure we would see some updates if there;s good development happen on the task and bounty offered by Skel to those people who can do those task what he want.

Also curious about upcoming promotion in this season. Just saw other casino offering nice promotion for this month, but Metawin didn't post anything yet. But let see since for sure we will just get an update on X or any social media which they usually post their new updates.

Poker Player

legendary

Activity: 1372

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Quote from: shield132 on December 02, 2024, 05:16:11 AM

Is it easy to sell tokenized cars? Who will want to buy it, what will be the use case and benefit of it for the buyer? This is what I don't understand. Does selling tokens mean that the ownership goes to the new buyer? Who will send the car to the owner then? Sorry, I'm confused.

Let's see, I don't know much about that market either, other than what I've read about it. In the case of the car I think it is easier to sell it tokenized if you sell it 100% and that way the person who buys it from you can receive the car. In other types of investments it makes more sense to split them to sell them in pieces if you expect the price to go up. In the case of the Bugatti, if potential buyers believe that the price may go up over time (contrary to what happens with 99% of cars), they may be interested in buying tokens without getting 100%..

But think that the potential buyers of a $4.5 million car are very few anyway. In any case I think it is always easier to sell it tokenized, and if you live in countries like Bangladesh is that it is the only feasible way to receive it.

shield132

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Quote from: Poker Player on December 01, 2024, 06:08:52 AM

Quote from: shield132 on December 01, 2024, 05:52:15 AM

Skel offers another option. He can tokenize the ownership of the car and the winner can sell the tokenized title if they want but does anyone know how tokenization works? If he tokenizes it, does it mean that the new owner owns the car on Blockchain? How easy will it be for the new owner to sell a tokenized car? I'm a newbie in this. Despite the fact that I don't know a hacker and can't win the money, I'd really love it if someone explained this tokenization thing that Skel talks about in his tweet.

From what I understand, yes, this is the case. But the most interesting thing about that is that by tokenizing it you can sell it for parts. If 1000 tokens are made and you want money but not to sell it all you can sell 100, and you still own 90% of the car. With the car you don't, you either sell it or you keep it but you can't sell 10% of the car.

Is it easy to sell tokenized cars? Who will want to buy it, what will be the use case and benefit of it for the buyer? This is what I don't understand. Does selling tokens mean that the ownership goes to the new buyer? Who will send the car to the owner then? Sorry, I'm confused.

Quote from: avp2306 on December 01, 2024, 04:58:10 PM

Quote

Digital asset tokenization is the process whereby ownership rights of an asset are represented as digital tokens and stored on a blockchain. In such cases, tokens can act like digital certificates of ownership that can represent almost any object of value, including physical, digital, fungible, and non-fungible assets.

Read more here https://chain.link/education/asset-tokenization

But for ordinary guys for sure we know its expensive to acquire and main those supercars so the only option people could ever had is to sell immediately the Bugatti if it happens that they are the one who can get that bounty.

Don't you need to officially register the ownership in your region? Okay, I'll read it in detail.

Quote from: Learn Bitcoin on December 01, 2024, 11:55:38 PM

Quote from: shield132 on December 01, 2024, 05:52:15 AM

Imagine when you are an ordinary guy, you win it and the condition is that you either accept the car or not. You don't have money to afford the shipment because you go to the bank and the bank doesn't give you enough loan to import the car and pay taxes. Has that ever happened? That would be the luckiest and unluckiest person at the same time Grin

I don't think that will happen in any of the contests. Especially organizing on the internet. But if it happens, I don't think it would be too much trouble for people living in developed countries. But if they live in 3rd world countries like mine, then they know that they are fucked up. The tax on imported cars in my country depends on the CC limits, which could be up to 500%. Imagine you won a car worth $50K, and you have to pay $250K tax. Would you receive that car? I don't think so. See the image below to understand what I am talking about. This is the main reason why most people in my country usually do not dare to import a car.

Why are taxes on car imports so high in your country? Bangladesh is a developing country, its population is 173 million people and there are only up to 5 million registered cars, which means that there aren't many cars in your country, the car ownership is 1:35, which is too low. Logically, your government should be helping people to buy cars because it significantly helps people to move better. High car import duties increase the price of everything inside the country because distributor companies have to pay lots of money and they pay for that by increasing the price of the product and services.
In my country, car import tax is 20%.

Poker Player

legendary

Activity: 1372

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Quote from: Learn Bitcoin on December 01, 2024, 11:55:38 PM

I don't think that will happen in any of the contests. Especially organizing on the internet. But if it happens, I don't think it would be too much trouble for people living in developed countries. But if they live in 3rd world countries like mine, then they know that they are fucked up. The tax on imported cars in my country depends on the CC limits, which could be up to 500%. Imagine you won a car worth $50K, and you have to pay $250K tax. Would you receive that car? I don't think so. See the image below to understand what I am talking about. This is the main reason why most people in my country usually do not dare to import a car.

Lol. Earlier when I talked about the subject I forgot to talk about that, the possible import taxes, which in the case of Bangladesh are crazy. I guess it's protectionism so that people don't care. I have asked ChatGPT how much I would have to pay to import the Bugatti there and it gives me a total of:

Quote

Final Cost in Bangladesh

Original Car Value + Taxes:
$4,500,000 (car price) + $69,160,000 (taxes) = $73,660,000

Learn Bitcoin

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Quote from: shield132 on December 01, 2024, 05:52:15 AM

Imagine when you are an ordinary guy, you win it and the condition is that you either accept the car or not. You don't have money to afford the shipment because you go to the bank and the bank doesn't give you enough loan to import the car and pay taxes. Has that ever happened? That would be the luckiest and unluckiest person at the same time Grin

I don't think that will happen in any of the contests. Especially organizing on the internet. But if it happens, I don't think it would be too much trouble for people living in developed countries. But if they live in 3rd world countries like mine, then they know that they are fucked up. The tax on imported cars in my country depends on the CC limits, which could be up to 500%. Imagine you won a car worth $50K, and you have to pay $250K tax. Would you receive that car? I don't think so. See the image below to understand what I am talking about. This is the main reason why most people in my country usually do not dare to import a car.

Image source: The Business Standard

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: avp2306 on December 01, 2024, 04:58:10 PM

But for ordinary guys for sure we know its expensive to acquire and main those supercars so the only option people could ever had is to sell immediately the Bugatti if it happens that they are the one who can get that bounty.

Did you mean “maintain”?

Even so, if you are going to sell the car it is going to be better to get the title on tokens than to have the car shipped to you and you physically sell it. It will be easier for you. Although the only good thing about receiving the car would be that you would at least get a few turns before selling it.

Potato Chips

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Quote from: shield132 on December 01, 2024, 05:52:15 AM

Imagine when you are an ordinary guy, you win it and the condition is that you either accept the car or not. You don't have money to afford the shipment because you go to the bank and the bank doesn't give you enough loan to import the car and pay taxes. Has that ever happened? That would be the luckiest and unluckiest person at the same time Grin

Skel offers another option. He can tokenize the ownership of the car and the winner can sell the tokenized title if they want but does anyone know how tokenization works? If he tokenizes it, does it mean that the new owner owns the car on Blockchain? How easy will it be for the new owner to sell a tokenized car? I'm a newbie in this. Despite the fact that I don't know a hacker and can't win the money, I'd really love it if someone explained this tokenization thing that Skel talks about in his tweet.

I remember during the cybertruck competition which was tokenized as well. The winner gets to choose whether they want the prize to be delivered or the cash equivalent of it especially if they're in some faraway place. So I've always thought if you choose the latter, the NFT will be transferred to metawin in exchange for giving you cash. That's just my theory though. 😅

It's also worth noting that this cybertruck was on-chain so by tokenizing, winner could receive the prize/sign of ownership in a way, instantly. This aligns with metawin web3 ethos as well.

avp2306

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Activity: 1022

Merit: 363

Quote from: shield132 on December 01, 2024, 05:52:15 AM

Quote from: Poker Player on November 26, 2024, 11:16:08 PM

Quote from: avp2306 on November 25, 2024, 05:44:03 PM

Read the article he created https://x.com/Skelhorn/status/1861141802096431301

Interesting what he says. The first thing I thought is that as cool as that Bugatti was, if I could help him maybe I wouldn't be interested in the Bugatti itself as much as the cash equivalent of it. You have to think that he might have the car in another continent, it would have to be moved, and when I got it, after a few rides with it, I would sell it because it is worth a lot of money. But he's come up with a creative solution for it.

Quote

To make things even more flexible for the bounty winner, I can tokenize ownership of the car. If the new owner would prefer not to take physical delivery, they can trade or sell the tokenized title instead. This way, the car becomes a liquid asset and provides even more options for the person who helps bring this hacker to justice. You've seen MetaWin do this on the CyberTruck competition. We'll use a similar smart contract and legal advisory firm on the Bugatti.

Imagine when you are an ordinary guy, you win it and the condition is that you either accept the car or not. You don't have money to afford the shipment because you go to the bank and the bank doesn't give you enough loan to import the car and pay taxes. Has that ever happened? That would be the luckiest and unluckiest person at the same time Grin

Skel offers another option. He can tokenize the ownership of the car and the winner can sell the tokenized title if they want but does anyone know how tokenization works? If he tokenizes it, does it mean that the new owner owns the car on Blockchain? How easy will it be for the new owner to sell a tokenized car? I'm a newbie in this. Despite the fact that I don't know a hacker and can't win the money, I'd really love it if someone explained this tokenization thing that Skel talks about in his tweet.

I don't also know how everything works about tokenization of physical asset like the Bugatti but this is what I found upon searching it.

Quote

Digital asset tokenization is the process whereby ownership rights of an asset are represented as digital tokens and stored on a blockchain. In such cases, tokens can act like digital certificates of ownership that can represent almost any object of value, including physical, digital, fungible, and non-fungible assets.

Read more here https://chain.link/education/asset-tokenization

But for ordinary guys for sure we know its expensive to acquire and main those supercars so the only option people could ever had is to sell immediately the Bugatti if it happens that they are the one who can get that bounty.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: shield132 on December 01, 2024, 05:52:15 AM

Skel offers another option. He can tokenize the ownership of the car and the winner can sell the tokenized title if they want but does anyone know how tokenization works? If he tokenizes it, does it mean that the new owner owns the car on Blockchain? How easy will it be for the new owner to sell a tokenized car? I'm a newbie in this. Despite the fact that I don't know a hacker and can't win the money, I'd really love it if someone explained this tokenization thing that Skel talks about in his tweet.

From what I understand, yes, this is the case. But the most interesting thing about that is that by tokenizing it you can sell it for parts. If 1000 tokens are made and you want money but not to sell it all you can sell 100, and you still own 90% of the car. With the car you don't, you either sell it or you keep it but you can't sell 10% of the car.

shield132

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Activity: 2450

Merit: 948

Metawin.com - Truly the best casino ever

Quote from: Poker Player on November 26, 2024, 11:16:08 PM

Quote from: avp2306 on November 25, 2024, 05:44:03 PM

Read the article he created https://x.com/Skelhorn/status/1861141802096431301

Interesting what he says. The first thing I thought is that as cool as that Bugatti was, if I could help him maybe I wouldn't be interested in the Bugatti itself as much as the cash equivalent of it. You have to think that he might have the car in another continent, it would have to be moved, and when I got it, after a few rides with it, I would sell it because it is worth a lot of money. But he's come up with a creative solution for it.

Quote

To make things even more flexible for the bounty winner, I can tokenize ownership of the car. If the new owner would prefer not to take physical delivery, they can trade or sell the tokenized title instead. This way, the car becomes a liquid asset and provides even more options for the person who helps bring this hacker to justice. You've seen MetaWin do this on the CyberTruck competition. We'll use a similar smart contract and legal advisory firm on the Bugatti.

Imagine when you are an ordinary guy, you win it and the condition is that you either accept the car or not. You don't have money to afford the shipment because you go to the bank and the bank doesn't give you enough loan to import the car and pay taxes. Has that ever happened? That would be the luckiest and unluckiest person at the same time Grin

Skel offers another option. He can tokenize the ownership of the car and the winner can sell the tokenized title if they want but does anyone know how tokenization works? If he tokenizes it, does it mean that the new owner owns the car on Blockchain? How easy will it be for the new owner to sell a tokenized car? I'm a newbie in this. Despite the fact that I don't know a hacker and can't win the money, I'd really love it if someone explained this tokenization thing that Skel talks about in his tweet.

Russlenat

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Quote from: Synchronice on November 30, 2024, 03:27:42 PM

I read his post and to be honest, it's a little emotional and that's good. It was his dream to own a Bugatti and now he plans to give his Bugatti to someone who will help him to find the hacker. That's a good reward but I have another question, is this really a good idea? I mean, think about it, how much time will the hacker spend in prison? This kind of rewards can be a motivational to do more hacks to my mind because if you steal money and they catch you, you'll be left without money and spend time in prison but if you steal money and then reveal yourself through your friend or someone else, you'll be left with Bugatti or lots of money and when you leave the prison, you'll be able to happily spend them.

Lol, don’t worry about this move, it won’t encourage hackers. Not everyone offers a reward like that. Skel is really determined to catch the hacker and get them jailed because a casino hack damages its reputation. Catching the hacker with this reward will even put Metawin in the headlines. Just think, the hack was for $4 million, but they’re offering more than that to track the culprit. Honestly, I’ve never seen anything like this before, and no need to feel bad for the hacker, they broke the law, so jail is where they belong.

Poker Player

legendary

Activity: 1372

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Quote from: acroman08 on November 30, 2024, 02:12:22 PM

are you talking about their daily rakeback? anyway, I saw a review on casinopedia talking about the casino leveraging on the ETH blockchain network, so it is probably the reason why the rakeback is in ETH.

if you want more info about why it is given in ETH try asking on their dicord just to be sure, if I remember correctly they answer questions like this there.

Yes, I was talking about the daily rakeback. Very interesting article, which confirms what we were talking about a few posts ago:

Quote from: Potato Chips on November 30, 2024, 04:46:53 PM

Yeah, there seems to be a lot of focus on ETH. I have wondered if it's their main cryptocurrency. All the rewards I've gotten have been ETH, too.

I guess for us it is more difficult to understand because either we are bitcoin maximalists, as is my case, or we give more importance to bitcoin, having portfolios of 80% minimum in bitcoin and the rest in other cryptos, but for some reason he seems to like eth more.

Potato Chips

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Quote from: acroman08 on November 30, 2024, 02:12:22 PM

are you talking about their daily rakeback? anyway, I saw a review on casinopedia talking about the casino leveraging on the ETH blockchain network, so it is probably the reason why the rakeback is in ETH.

Yeah, there seems to be a lot of focus on ETH. I have wondered if it's their main cryptocurrency. All the rewards I've gotten have been ETH, too.

Fun fact is, some players have even seen Skel bidding on casino.eth, too lol. And this is recent -- just a couple of months ago, I think.

Synchronice

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Quote from: avp2306 on November 25, 2024, 05:44:03 PM

Bugatti as reward?

Skel is really serious to deal with recent hacking they encounter last November 3 and now he want to offer his Buggati as reward for those people who can help to bring them justice and make the hacker go to jail.

Read the article he created https://x.com/Skelhorn/status/1861141802096431301

This is really great since he don't care if he lose the money and his dream car since what he want is justice for recent hacking incident happen to him. I guess many people who love bounty hunting would like to participate on this since the reward to be given is really amazing.

I read his post and to be honest, it's a little emotional and that's good. It was his dream to own a Bugatti and now he plans to give his Bugatti to someone who will help him to find the hacker. That's a good reward but I have another question, is this really a good idea? I mean, think about it, how much time will the hacker spend in prison? This kind of rewards can be a motivational to do more hacks to my mind because if you steal money and they catch you, you'll be left without money and spend time in prison but if you steal money and then reveal yourself through your friend or someone else, you'll be left with Bugatti or lots of money and when you leave the prison, you'll be able to happily spend them.

acroman08

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Quote from: Poker Player on November 29, 2024, 10:05:14 PM

Does anyone know why if I deposit in bitcoin the rewards on what I bet the day before I get them in Ethereum? I would understand it better if they were paid in a stablecoin.

are you talking about their daily rakeback? anyway, I saw a review on casinopedia talking about the casino leveraging on the ETH blockchain network, so it is probably the reason why the rakeback is in ETH.

if you want more info about why it is given in ETH try asking on their dicord just to be sure, if I remember correctly they answer questions like this there.

Poker Player

legendary

Activity: 1372

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Does anyone know why if I deposit in bitcoin the rewards on what I bet the day before I get them in Ethereum? I would understand it better if they were paid in a stablecoin.

Potato Chips

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Activity: 2786

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yesssir! 🫡

Happy thanksgiving for those who celebrate 🦃

In light of this, metawin has launched a multiplier race with $5000 pot!

Quote

This Thanksgiving, we're giving you even more reasons to celebrate! Dive into the excitement of CRASH TOUCHDOWN, the adrenaline-pumping game where precision and timing could land you massive rewards!

To mark this special occasion, we’ve launched a MULTIPLIER RACE with an impressive $5,000 prize pool, rewarding 250 lucky players.

Your leaderboard score is the sum of your multipliers earned during gameplay. For instance, if you score a 5x multiplier in your first game and a 7x in the next, your cumulative score will be 12x.

*Minimum stake of $1 to qualify.

Speaking of VIP transfers. So it's open now i guess?

Just odd that there has been no separate post about it for the 3rd season, but perhaps it's to be followed soon and this is some sort of early access lol. In any case, wouldn't hurt to talk to support if you're interested.

Poker Player

legendary

Activity: 1372

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Quote from: tranthidung on November 28, 2024, 10:30:33 AM

It's win win situation for Metawin by attracting new users with big budget for gambling on their platforms, and new users who transfered to Metawin with VIP badge, will be give good bonuses too.

Metawin team actually have to do many internal analysis and find an equilibrium point that can make them and their VIP users happy. That's why they postponed, analyzed, restarted their VIP program multiple times. Generally they got good effects from VIP transfer program, that explains why they want to do it again.

This is the first time in all the time I have been on the forum that I have the feeling that the management of the company I am advertising is excellent, exceptional. I am not saying that in previous companies it has been bad, on the contrary, some of them have been very good, but in this case I see that they stand out in management.

tranthidung

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Farewell o_e_l_e_o

Quote from: Poker Player on November 28, 2024, 10:27:05 AM

It looks like a win-win for MW and the transferred VIPs. They have benefited from the transferred status and MW from expanding customers at that level of wagering. A third VIP transfer can only be understood that way IMO.

It's win win situation for Metawin by attracting new users with big budget for gambling on their platforms, and new users who transfered to Metawin with VIP badge, will be give good bonuses too.

Metawin team actually have to do many internal analysis and find an equilibrium point that can make them and their VIP users happy. That's why they postponed, analyzed, restarted their VIP program multiple times. Generally they got good effects from VIP transfer program, that explains why they want to do it again.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: tranthidung on November 28, 2024, 10:21:40 AM

This VIP transfer wave is a third wave from Metawin team and by restart the VIP transfer program, I believe Metawin team actually receive good results from two previous waves of this program.

Each time, they will have different terms for people who want to become Metawin users and transfer their VIP badge from other casinos to Metawin platform. With later rounds of transfer, the team perhaps have more experience from previous rounds, and can adjust their program terms in order to maximize effects for their business with new VIP members.

It looks like a win-win for MW and the transferred VIPs. They have benefited from the transferred status and MW from expanding customers at that level of wagering. A third VIP transfer can only be understood that way IMO.

Topic: MetaWin.com | The First WEB3 Casino - page 12. (Read 16416 times)