Topic: 📈🥊 PumpFight.com | NO KYC - DECENTRALIZED PVP PREDICTION GAME 📈🥊📈🥊 - page 2. (Read 435 times)

It's really tough to believe that your site which relies on a simple BTC prediction game has such high liquidities op. Have never even heard of Certik before which is why I am reluctant about investing in your site..

Also, some members mentioned that the commission is high though I couldn't find the exact number. How much is it exactly?

From what I am seeing on the whois site, I don't think the site is inactive, except there is something I am confused about, or that the inactive error (if maybe it was an error) has been fixed..



The above screenshot shows that pumpfight.com is registered, and goes on to list the available extensions, which we can see there that the .com extension is already taken and not a available for sale, though possible to make an offer..

I might be wrong though since I don't completely understand how the whois site works, so, I accept correction is possible.

For me, I think it is only normal as the post is mostly composed of images, although the images still came from their website. The image is no doubt cool and neat, so this means they did a good job on creating their site. It is a must to do a research before dealing on the thing that are new to us. This makes them to get familiarized with the forum and stuffs.

As for the license, it can only be optional as they are decentralized but for the advertisement, it is a must in order for their platform to gain an exposure. They are already on the right track by the time they created their ANN thread in our forum. If they lack in budget for now, all they can do is to be active on this thread, for it to get bumped in the first page of this board.

In my opinion, it is very important that casinos have a license. Just think that in the real world, governments require casinos to have a license, so governments did not allow online casinos to operate without a license. So this means that an online casino without a license has a greater risk of being seized by the government and all funds will also be seized. Nowadays, it is useless to avoid KYC. I would advise the casino owner to get licensed to be in compliance with the laws

It could be an error from who.is as the game service is active. I'm thinking it's unlikely that it's due to the website being very recently registered as I've seen newer sites (newer than their announcement here) with available details.

You are right!

I just clicked on the link you posted and it shows inactive.

What could be the caus of that?

Agree.

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BTW, these type of betting game now got a heavy competitor against Evolution Games. The different the asset was in real asset but for Evolution Games based RNG not any backed asset. But still the system choose betting side are similar.

With these kind of fee commission are required high comparing to RNG Stock Option from EVO just 5%. How your casino will survive against them.

I was referring to that by 'house commission'. This type of commission rate gives guaranteed profits to the casinos from each round. The winner side is getting 166% amount when the bet amount is same on both sides. So, the commission rate is around 17% from each round. The commission rate is changing a bit when the bet amount isn't same on both sides. Everyone would address this commission rate as high.

I don't get really get it your words that unless they will also accept btc other alts and the credit/debit card for the payment. On the other hand, I still know that cryptocurrency means blockchain and blockchain means decentralized ecosystem and as if they were providing their service directly with the wallet and claiming that they were decentralized casino that's means they were decentralized otherwise they would not have been decentralized casino. And if it is decentralized, there is no need with kyc verification and in this case if there is no kyc verification, most of the license providing companies do not issue licenses.
And about the claim that they were part of the bitcoin.com team it just need validate.

There are two similar platforms, but I like Bitwinup presentation because it sumarize the whole concept of platforms like this
https://bitcointalksearch.org/topic/dive-into-bitwinup-the-ultimate-crypto-trading-arena-is-here-5489723

They will benefit from introducing their platform here because many of us are already familiar with how this platform works

I'm pretty sure he had a valid license, or it will be taken down by the license issuer since they are openly promoting. They should launch a campaign for better reach and awareness of their platform; there's a lot of benefits to launching a signature campaign.

Many of us here are familiar with the script; only the domain name has changed.
Bitwinup is the one that started this trend here and they even launched a signature campaign here
Their thread, 🚀 Dive Into Bitwinup: The Ultimate Crypto Trading Arena is Here! 🎲 is not active anymore, but we never know if they plan to relaunch a campaign again, and since they are both using the same API, they are two platforms that's promoting the same concept, which is good at the current market trend.

Big head up to see a fully decentralized casinos and we have already noticed a lot of issues surrounding affiliation to other casinos and what have you and ops have also make some comments regarding that and if no further issues arise we can then welcome you and your team to this forum and for sure your project received alot of positive and negative responses and your ability to answers all the feedback and giving a clearer explanation from this point on is what guaranteed your success in this community or not because past events have thought most of us the forum members alot of lessons.

Why forum members are so curious about your script and game template:

1: the main reason for this is that, majority of the casinos that have shared term plats with others tend to become almost scam in the end since when their is issues with gambler and any game's getting the right developer to resolve such issues takes longer and almost impossible shape.

2: having accurate customers support regarding games and other technical issues is almost impossible also.
Unless for a few of them that have the right approach and being up to date with their own services to the extent that none of their customers get stranded while engaging on the casino.

Conclusions

Since you are new here, we, I will give you the benefits of doubt to make sure that you put everything in place and to build a good reputation for yourself since the start up is already getting some attention from us here, let us not jump into conclusions but give you room to prove your project here.

It is a decentralized casino, hence, they don't need a gambling license. Unless, they will also accept btc, other alts and credit/debit card payments. If they are indeed connected with bitcoin.com, then, I believe, they know what they are doing. And their claims may be true. But to how we can verify their connections? That we need to do further research...



If this claim is true, bitcoin.com really have this up-or-down game.
So it means, are you are mirror site of this game as you said you are sharing the same pool of players. How are we going to validate such claim?

Hello, thank you  you can navigate the website, going through the different pools of the game to see live active players. Starting from here : https://pumpfight.com/trade

For the past 12 months the games had an average daily volume of about $2.5m, ($7.6m volume today, at the time of writing). The lifetime volume wagered for all pools sits somewhere around +$800m and may reach 1b in q1 2025.

Most active pools (on weekdays) are Forex, Nasdaq, Gold, & Oil. You won't be playing alone 


To my knowledge, only a few (one I can think of) disappeared and it didn't caused any financial loss to anyone, this is very important to underline. How pumpfight works may be illustrated as a satellite : our platform is no more than a portal required to access Up and Down game developed by Playnance. This is how the overall structure works for every website running this script. Some rare one(s) may fail to stay online, but this relies on how serious the partner is with his business and it does not involves the game/pool provider.


This is so true. So, our platform is not totally new, in fact. We are sharing the same software, and most important : we share the exact same liquidity pools with every others platforms running this Up and Down game. Each platform (like https://pumpfight.com/) contribute to onboard players, enhancing the global liquidity for every platform connected to the game.

It brings the crucial liquidity the players needs.

As an example, https://www.bitcoin.com/ a website which you may know is also part of our team. You can find it's portal (copy of https://pumpfight.com/) at the address https://games.bitcoin.com/up-or-down, or by navigating through bitcoin.com website and finding the "games" tab. If you open both platform (https://pumpfight.com/trade & https://games.bitcoin.com/up-or-down) you will see that we share the same pool of players even though we do not have the same website.


Our house edge is 0%. PumpFight is not a house based platform, players are betting against each other. But platform's profits should still be generated somehow. So the commission is taken as a percentage from only the winning pool (and not on every bet placed). The commission is taken into account inside the displayed "potential profits" of each bet. Thus, a player knows the exact potential outcome of a winning trade, including the fees of the platform, before the bet is even placed.

As we constantly have more than 50% winning rate, it allows us and our partners to attract highrollers by maintaining such a commission logic.

Also, no much game do offer bets on commodities without KYC and in a fully decentralized manner.

Quite not comparable with traditional casinos.

Welcome to bitcointalk

I really like the presentation in your first post ANN thread as it looks so professional. Some say that you did researches before posting here but i think you are already familiar with forum features and rules.

I want to ask you about if you have a valid licence and if you plan to lunch advertisment campaigns.

IMO I am thinking that's doesn't big matter because we already multiple of Big and successful decentralized casino site in this forum they also don't have the license and as we also know that in most cases, it is seen that decentralized casinos are not easily licensed because in many cases they go against AML policies.

The matter is here their site looks like a duplicate version of the Bitwinup if you just check that. I have also doubt about the certik audited but because of I don't know how to verify that the project or site is really audited by them I will no comment here.

The site doesn't even have a license. What else is there to talk about

Looks like some script copies that have been posted here of recent. How does a recent website have upwards of $800 million in total wins paid?

Who.is shows your site status to be inactive https://who.is/whois/pumpfight.com

Another platform with "Up and Down" game only. We have previously seen a few many platforms with the same concept, but all of them disappeared after a few months. So, I have doubts about the longevity of PumpFight.com. The house commission is too much in this game.

The Up and Down game has been developed by "Playnance". And it is available on different platform through the API access. Therefore, they have paid to Playnance to get the API access.

It reminds me Bitwinup, here is their signature campaign. How did you get the script?

Edit: It's confirmed that both are same platform with same trade, calling from the same source.
bitwinup.com
pumpfight.com

May I know are you an affiliate or you bought the license from Bitwinup?