Topic: Opinion on crypto casino project - page 4. (Read 677 times)

The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.

The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.

If a casino only offers one exclusive game and doesn't add others for a long time, there will not be many gamblers who want to play it except the very enthusiastic gamblers. But if the casino can add more games, it will attract more gamblers to come and play at the casino.

By having more casino games, especially slot games, from various slot game providers, and with services that can satisfy its users, this casino will get a good rating. And the casino can certainly compete with casinos that have already been operating. For KYC, it will be requested by the casino for its gamblers, especially those with big money but it could be applied for gamblers with small money. As for its features, almost all casinos have it and what differentiates it is just a matter of promotion. By making various kinds of promotions, it can attract the attention of more gamblers because the new casino can provide more attractive promotions than other casinos.

Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

Well, you're right but quite missing some points. Every gambling sit or online casinos could give huge offers to welcome new players in their platform. They could also provide the same kind of games if that would be the demand but what keeps a casino alive is its players' loyalty. How would the players stay in one site? Quality of service. This is somewhat being forgotten by new ones in this industry but I believe this is the most important thing a casino should have. No delays with payments, less issues with fraud, and no cheating instances. This would establish a trust from your players and that will eventually be your edge over others.

I'd like to share my perspective on the platform you're considering developing. A decentralized casino, by its nature, suggests a lack of regulation, potentially raising concerns about legality. How can you assure the viability of this platform when gamblers might hesitate due to the fear of engaging with an illegal casino?

Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

The idea is not new; casinos like these exist nowadays. It is popular, but I believe that it could become even more popular in the coming years. Anonymity and privacy are among the most sought-after features for some gamblers, especially within the crypto space. Personally, I would appreciate having this feature, as it offers seamless transactions in and out. However, this would pose another challenge for governments to address. If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

The idea is not new; casinos like these exist nowadays. It is popular, but I believe that it could become even more popular in the coming years. Anonymity and privacy are among the most sought-after features for some gamblers, especially within the crypto space. Personally, I would appreciate having this feature, as it offers seamless transactions in and out. However, this would pose another challenge for governments to address. If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

You mentioned Bitcoin gambler, but then you're mentioned about Uniswap , what's the correlation? Bitcoin has it's own network and Uniswap is using Ethereum network, there's a shitcoin named WBTC that run in Ethereum network, but it's not a real Bitcoin.

I would say it's impossible if you want to create such decentralized casino by connecting through non custodial wallet because Bitcoin non custodial wallet isn't integrated with such dApps.

A real decentralised crypto casino platform - 100% anonymous.

You mentioned Bitcoin gambler, but then you're mentioned about Uniswap , what's the correlation? Bitcoin has it's own network and Uniswap is using Ethereum network, there's a shitcoin named WBTC that run in Ethereum network, but it's not a real Bitcoin.

I would say it's impossible if you want to create such decentralized casino by connecting through non custodial wallet because Bitcoin non custodial wallet isn't integrated with such dApps.

I'm interested to launch a crypto casino and I'd like to get your opinion.

Well that’s a lot of answers ! Thanks a lot everyone.

So a decentralised platform that provides anonymity is just an elusive ideal for players which in reality would be too risky to be actually trusted. Risk of being hacked, lack of licence, transaction fees, lack of governance and so on ..

Therefore, KYC isn’t a big deal as long as the operator is licensed, can be trusted and takes care of its players.

Now, you guys do point out among other things that most of the platforms have a similar game offering.

I like the way Stake got its start with Primedice.

Do you think that coming up with a platform that at the beginning only offer one exclusive provably fair game and a very straightforward customer experience can attract players into the platform ? Or ultimately you guys want a very large game offering otherwise you’ll get bored after a few days ?

Also, from your experience, is there anything that you guys think could be done better on current centralised casino ? Any missing features ? Or games you’d like to see ?