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I don't think it's too much: it's like having token holders as 50% partners with us. It’s definitely a significant cost, but we believe it can be compensated in terms of publicity and customer loyalty.
The reason I believe it is a significant amount for a new casino is the fact big private and established casinos would think twice before splitting their shares a 10%, let alone the 50% you are willing to give out in exchange of long term loyalty.
And I understand you were talking about already realized profits from the casino with a reasonable margin to keep yourself and holders of the token secured, by the way.
I have another question... since you have to manually send the ETH to the smart contract (we are talking about a centralized casino after all), is there some minimum time period of time in which you guarantee the distribution will go on? For example, let us assume you casino starts to have some difficulties and you need to halt the distribution for some months before increasing your bankroll again and resume, is there some Terms of Service or contract for those who decide to hold this token in the long term? Because that is what you are aiming to, long term shareholders, where the token is the representation of half of your realized profits.
Hi Hispo! Large casinos, which already have enormous revenues, have no need to share even a small portion of their profits. However, smaller operations like ours must necessarily create a strong incentive (such as revenue sharing in favor of the native token stakers) to ensure that new players prefer to play on scroll.bet rather than elsewhere. In the long run, I realize this is a huge cost, but it’s necessary to offer something that others are unwilling to provide.
Regarding the timing of revenue share, for obvious reasons, there can’t be predetermined dates, and unfortunately, if the casino doesn’t generate revenue, there won’t be any revenue share, possibly for an extended period. However, I find it hard to imagine that within a 6 to 12-month time frame from now, with the incentive mechanism set by the airdrop and revenue share—which, by your own admission, is overly generous—the casino won’t be able to generate revenue. Anyway, this way nothing is taken for granted.