✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token - page 40.

Wind_FURY

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Quote from: tranthidung on April 21, 2024, 11:32:57 AM

Quote from: Wind_FURY on April 21, 2024, 09:55:45 AM

What's that casinos actual monthly revenue? If you could answer that, you could answer how much is being bought and being burned.

A big casino with big business and good profit will be able to assign part of their profit for buy back and burn program. They need to have good profit, then make decision to assign some percent of profit for this program. Big or small fund for buy back and burn program mainly depends on their business income and profit.

If Shuffle can provide their users information, like you are discussing, on their user dashboard, it will be very helpful. I don't know Shuffle team have this information for users to access publicly with their accounts and dashboards or only release this information in regular report like weekly, monthly or quarterly.

The best is allow user to have it anytime, permissionless through a dash board. If they don't have it at the moment, they can consider to build it.

I was merely asking avp2306 a rhetorical question to make him understand that Shuffle and the casino he mentioned, BetFury, are different. There might be a situation when one casino token's market conditions may not be as good as another casino's token because of their financial performance. Shuffle and BeFury may be the same, but the are definitely NOT the same company.

Little Mouse

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: komisariatku on April 21, 2024, 10:10:17 PM

1000x plinko.. Wink

That's a nice one. I have been trying my luck with slots for hitting 1000x but unfortunately, 898x was my highest so far.

komisariatku

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1000x plinko.. Wink

Little Mouse

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: BABY SHOES on April 17, 2024, 12:39:15 PM

Manchester City vs Real Madrid is even crazier as Real Madrid's odds are the highest - same I'm curious about Real Madrid and did a multi bet with total odds of 13.

English media and bookies, both underestimate Real Madrid every year lol. Real Madrid had the lowest outright odd among the top 7/8 clubs in 2021/22, can't remember how much the odd was this time but see how they won 2021/22 UCL.

tranthidung

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Farewell o_e_l_e_o

Quote from: Wind_FURY on April 21, 2024, 09:55:45 AM

What's that casinos actual monthly revenue? If you could answer that, you could answer how much is being bought and being burned.

A big casino with big business and good profit will be able to assign part of their profit for buy back and burn program. They need to have good profit, then make decision to assign some percent of profit for this program. Big or small fund for buy back and burn program mainly depends on their business income and profit.

If Shuffle can provide their users information, like you are discussing, on their user dashboard, it will be very helpful. I don't know Shuffle team have this information for users to access publicly with their accounts and dashboards or only release this information in regular report like weekly, monthly or quarterly.

The best is allow user to have it anytime, permissionless through a dash board. If they don't have it at the moment, they can consider to build it.

Wind_FURY

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Activity: 2898

Merit: 1823

Quote from: avp2306 on April 17, 2024, 04:30:44 AM

Quote from: Wind_FURY on April 17, 2024, 03:58:42 AM

Quote from: o48o on April 15, 2024, 06:51:33 AM

Quote from: Wind_FURY on April 15, 2024, 04:37:57 AM

Quote from: o48o on April 10, 2024, 07:13:04 AM

Can you explain how do you see that potentially killing the market. Shuffle is literally buying and burning them from the market, so lower the price is, more they are going to burn, and no matter how the big the wall in the bottom would be, eventually there's just nothing left to sell with those prices.

Although that's true, I believe how much tokens are actually burned also depends on the casino's net gaming revenue. Plus you also have to account for market speculation. No one would care about the mechanism behind any token or buy the token if the DIP keeps on DIPPing.

That will not be good for SHFL.

I am assuming there's gaming revenue of course. Without it burnings aren't going to be effective. But if there is enough revenue, then market speculation can only be unhealthy, if it's artificially inflating the price, market speculation as sellers dumping will just be very healthy in the long run. But without bullish market speculation, or increase in current revenue, i have to admit that price could drop from here. As currently more tokens are being issued then burned. But i would totally welcome that as i will be grabbing this token as much as i can if this ever goes to $0.1.

I believe sellers won't be dumping if casino gaming revenues are high because,

- Higher burn rate. More tokens burned means more scarcity. More scarcity + Higher burn rate mean you should HODL.

- The cryptocurrency market is full of traders/speculators. More "traders/speculators" because casino gaming revenues are high = You should HODL.

I believe the only condition that will make SHFL's market valuation absolutely bearish is, low revenue + bear market. But that's probably a golden opportunity to buy. ¯\_(ツ)_/¯

Depends on the volume since for example https://coinmarketcap.com/currencies/betfury/ if they have 3.5 billions plus circulating and they burn few millions of token on some time then it will take a long time for people to feel that scarcity and even if there's burning of tokens happening many people didn't feel any effect of this actions done. That's why this actions is not appealing to investors anymore and they should find another solution to increase the interest of investor to accumulate their token. People want nowadays change and mostly people always seek for utility and better exchange where it listed that's why BFG and other casino coin didn't get much attention from a lot of investors.

Hopefully SHFL will be still in good situation. But also I think devs know how to make a move to catch the interest of people since for sure they already scout the other casino tokens and provably perform more better than those which came first.

What's that casinos actual monthly revenue? If you could answer that, you could answer how much is being bought and being burned. Because if the token has low market volume, then there's low demand, OK. BUT it's absolutely also undervalued if the token burn is concurrently high because casino's revenue is high. THAT'S a Golden Opportunity to buy at very discounted prices while the market hasn't made the adjustment ser.

MusaMohamed

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Activity: 966

Merit: 306

Quote from: Wapfika on April 17, 2024, 07:10:17 AM

Shuffle is performing well in terms of profitability before the introduction of their tokens so you’re right when you said that their good revenue flow can help a lot to boos the price and at the same time burn a huge percentage of token since they are buying it back on lower price which is very good for the future valuation.

It’s dumb to sell SHFL tokens while the whole market is on correction since the current price is way undervalued considering it’s current supply and the token burn rate.

Shuffle did their business well before they joined Bitcoin talk forum and they did well in the forum before they deployed their SHFL token. I don't have skeptical thinking about their business and the success of SHFL token. It will need many conditions to succeed, from their platform reputation, success to tokenomics of SHFL token but generally I see bright future for the business and their native currency SHFL token.

Quote

I’m only waiting for this exchange to be available on cheaper fee blockchain such as BSC before I start to DCA. Doing DCA on Ethereum DEX or the current CEX seems not a good idea due to high fee and huge price spread on CEX.

The recent upgrade of Ethereum blockchain is still not enough to help retail investors or normal users with not big capital but need to move ETH or ERC20 tokens regularly.

Vitalik and his developer teams must work harder and release more upgrades to help on chain transaction fee on ETH blockchain cheaper than now.

o48o

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Leading Crypto Sports Betting & Casino Platform

Quote from: avp2306 on April 17, 2024, 04:30:44 AM

Depends on the volume since for example https://coinmarketcap.com/currencies/betfury/ if they have 3.5 billions plus circulating and they burn few millions of token on some time then it will take a long time for people to feel that scarcity and even if there's burning of tokens happening many people didn't feel any effect of this actions done. That's why this actions is not appealing to investors anymore and they should find another solution to increase the interest of investor to accumulate their token. People want nowadays change and mostly people always seek for utility and better exchange where it listed that's why BFG and other casino coin didn't get much attention from a lot of investors.

Hopefully SHFL will be still in good situation. But also I think devs know how to make a move to catch the interest of people since for sure they already scout the other casino tokens and provably perform more better than those which came first.

We can't really compare Betfury to this. They have different mechanism, as they are not buying the tokens from the market. Their team has a certain amount of tokens that they hold themselves, that are allocated for burning and that's basically it, apart from small amount of tokens from users, that are lost and burned by gambling.

So their casino revenue won't affect to price in any way. And since those tokens wouldn't have ever hit the market anyway, it isn't really affecting to scarcity. You can pretty much reduce the future burns from the circulated supply (as they aren't circulating). This way you get more realistic higher marketcap, and you see that has room to drop in price.

But that's $BFG... And $SHFL has none of these problems. I feel like i am over-praising Shuffle team but they did a really good job on that. Token value will be reflected directly by their revenue. If that doesn't show now, it will show eventually.

BABY SHOES

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Activity: 294

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HODL - BTC

Tonight's UCL clash will be hot and heavy again as the two matches are tied on aggregate, meaning tonight will decide who makes it to the semifinals.
I'm curious about Bayern Munich even though in the Bundesliga it's not very good but there is hope against Arsenal to win at home, I take the odds.
Manchester City vs Real Madrid is even crazier as Real Madrid's odds are the highest - same I'm curious about Real Madrid and did a multi bet with total odds of 13.

I think it will be a surprise. Grin

Wapfika

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Activity: 1484

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Bitcoin makes the world go 🔃

Quote from: MusaMohamed on April 17, 2024, 04:43:16 AM

Quote from: Wind_FURY on April 17, 2024, 03:58:42 AM

I believe the only condition that will make SHFL's market valuation absolutely bearish is, low revenue + bear market. But that's probably a golden opportunity to buy. ¯\_(ツ)_/¯

This is not the condition that exists on Shuffle.com platform that has a big business and good revenue. They have a good revenue flow and can use part of it for the token buy back and burn.

The token price can fall together with Bitcoin dip but it is chance for accumulation if an investor understands the Shuffle platform business and believe in this company. Corrections of Bitcoin are going but it will finish correction soon and some months after Bitcoin halving, we will see a very big bull market.

Shuffle is performing well in terms of profitability before the introduction of their tokens so you’re right when you said that their good revenue flow can help a lot to boos the price and at the same time burn a huge percentage of token since they are buying it back on lower price which is very good for the future valuation.

It’s dumb to sell SHFL tokens while the whole market is on correction since the current price is way undervalued considering it’s current supply and the token burn rate.

I’m only waiting for this exchange to be available on cheaper fee blockchain such as BSC before I start to DCA. Doing DCA on Ethereum DEX or the current CEX seems not a good idea due to high fee and huge price spread on CEX.

MusaMohamed

sr. member

Activity: 966

Merit: 306

Quote from: Wind_FURY on April 17, 2024, 03:58:42 AM

I believe the only condition that will make SHFL's market valuation absolutely bearish is, low revenue + bear market. But that's probably a golden opportunity to buy. ¯\_(ツ)_/¯

This is not the condition that exists on Shuffle.com platform that has a big business and good revenue. They have a good revenue flow and can use part of it for the token buy back and burn.

The token price can fall together with Bitcoin dip but it is chance for accumulation if an investor understands the Shuffle platform business and believe in this company. Corrections of Bitcoin are going but it will finish correction soon and some months after Bitcoin halving, we will see a very big bull market.

avp2306

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Activity: 1022

Merit: 363

Quote from: Wind_FURY on April 17, 2024, 03:58:42 AM

Quote from: o48o on April 15, 2024, 06:51:33 AM

Quote from: Wind_FURY on April 15, 2024, 04:37:57 AM

Quote from: o48o on April 10, 2024, 07:13:04 AM

Can you explain how do you see that potentially killing the market. Shuffle is literally buying and burning them from the market, so lower the price is, more they are going to burn, and no matter how the big the wall in the bottom would be, eventually there's just nothing left to sell with those prices.

Although that's true, I believe how much tokens are actually burned also depends on the casino's net gaming revenue. Plus you also have to account for market speculation. No one would care about the mechanism behind any token or buy the token if the DIP keeps on DIPPing.

That will not be good for SHFL.

I am assuming there's gaming revenue of course. Without it burnings aren't going to be effective. But if there is enough revenue, then market speculation can only be unhealthy, if it's artificially inflating the price, market speculation as sellers dumping will just be very healthy in the long run. But without bullish market speculation, or increase in current revenue, i have to admit that price could drop from here. As currently more tokens are being issued then burned. But i would totally welcome that as i will be grabbing this token as much as i can if this ever goes to $0.1.

I believe sellers won't be dumping if casino gaming revenues are high because,

- Higher burn rate. More tokens burned means more scarcity. More scarcity + Higher burn rate mean you should HODL.

- The cryptocurrency market is full of traders/speculators. More "traders/speculators" because casino gaming revenues are high = You should HODL.

I believe the only condition that will make SHFL's market valuation absolutely bearish is, low revenue + bear market. But that's probably a golden opportunity to buy. ¯\_(ツ)_/¯

Depends on the volume since for example https://coinmarketcap.com/currencies/betfury/ if they have 3.5 billions plus circulating and they burn few millions of token on some time then it will take a long time for people to feel that scarcity and even if there's burning of tokens happening many people didn't feel any effect of this actions done. That's why this actions is not appealing to investors anymore and they should find another solution to increase the interest of investor to accumulate their token. People want nowadays change and mostly people always seek for utility and better exchange where it listed that's why BFG and other casino coin didn't get much attention from a lot of investors.

Hopefully SHFL will be still in good situation. But also I think devs know how to make a move to catch the interest of people since for sure they already scout the other casino tokens and provably perform more better than those which came first.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: o48o on April 15, 2024, 06:51:33 AM

Quote from: Wind_FURY on April 15, 2024, 04:37:57 AM

Quote from: o48o on April 10, 2024, 07:13:04 AM

Can you explain how do you see that potentially killing the market. Shuffle is literally buying and burning them from the market, so lower the price is, more they are going to burn, and no matter how the big the wall in the bottom would be, eventually there's just nothing left to sell with those prices.

Although that's true, I believe how much tokens are actually burned also depends on the casino's net gaming revenue. Plus you also have to account for market speculation. No one would care about the mechanism behind any token or buy the token if the DIP keeps on DIPPing.

That will not be good for SHFL.

I am assuming there's gaming revenue of course. Without it burnings aren't going to be effective. But if there is enough revenue, then market speculation can only be unhealthy, if it's artificially inflating the price, market speculation as sellers dumping will just be very healthy in the long run. But without bullish market speculation, or increase in current revenue, i have to admit that price could drop from here. As currently more tokens are being issued then burned. But i would totally welcome that as i will be grabbing this token as much as i can if this ever goes to $0.1.

I believe sellers won't be dumping if casino gaming revenues are high because,

- Higher burn rate. More tokens burned means more scarcity. More scarcity + Higher burn rate mean you should HODL.

- The cryptocurrency market is full of traders/speculators. More "traders/speculators" because casino gaming revenues are high = You should HODL.

I believe the only condition that will make SHFL's market valuation absolutely bearish is, low revenue + bear market. But that's probably a golden opportunity to buy. ¯\_(ツ)_/¯

dimonstration

hero member

Activity: 2758

Merit: 705

Dimon69

Quote from: o48o on April 15, 2024, 06:51:33 AM

I am assuming there's gaming revenue of course. Without it burnings aren't going to be effective. But if there is enough revenue, then market speculation can only be unhealthy, if it's artificially inflating the price, market speculation as sellers dumping will just be very healthy in the long run. But without bullish market speculation, or increase in current revenue, i have to admit that price could drop from here. As currently more tokens are being issued then burned. But i would totally welcome that as i will be grabbing this token as much as i can if this ever goes to $0.1.

The only pros of SHFL tokens compared to other casino token is they don’t have IDO but rather they just listed their token in open market while reward players in the form of airdrop for every wager made.

This means that they will generate profit whenever they send reward tokens to buy back on the open market. The burn mechanism of this token will be successful if the team continue on burning using the profit of the casino which other casino failed to deliver consistently.

Airdrop holders will just hold their tokens if they knew that the team consistently buy back. The price growth will start if everyone will appreciate the regular buy backs using casino profit.

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

Quote from: Wind_FURY on April 15, 2024, 04:37:57 AM

Quote from: o48o on April 10, 2024, 07:13:04 AM

Can you explain how do you see that potentially killing the market. Shuffle is literally buying and burning them from the market, so lower the price is, more they are going to burn, and no matter how the big the wall in the bottom would be, eventually there's just nothing left to sell with those prices.

Although that's true, I believe how much tokens are actually burned also depends on the casino's net gaming revenue. Plus you also have to account for market speculation. No one would care about the mechanism behind any token or buy the token if the DIP keeps on DIPPing.

That will not be good for SHFL.

I am assuming there's gaming revenue of course. Without it burnings aren't going to be effective. But if there is enough revenue, then market speculation can only be unhealthy, if it's artificially inflating the price, market speculation as sellers dumping will just be very healthy in the long run. But without bullish market speculation, or increase in current revenue, i have to admit that price could drop from here. As currently more tokens are being issued then burned. But i would totally welcome that as i will be grabbing this token as much as i can if this ever goes to $0.1.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: o48o on April 10, 2024, 07:13:04 AM

Quote from: Wind_FURY on April 10, 2024, 12:15:11 AM

I believe not. That would actually have the potential to kill the market, and would probably make speculators disinterested in the token because they know that there are tokens that are not vested which could be sold by bulk anytime. But if it's distributed in small amounts per interval, it will allow demand to form faster and let the token reach its bottom faster and in a not so sudden situation. For those who want to sell, you can sell slow like it's DCA, but for selling. The buyers will be happy, and the sellers will not panic.

Can you explain how do you see that potentially killing the market. Shuffle is literally buying and burning them from the market, so lower the price is, more they are going to burn, and no matter how the big the wall in the bottom would be, eventually there's just nothing left to sell with those prices.

Although that's true, I believe how much tokens are actually burned also depends on the casino's net gaming revenue. Plus you also have to account for market speculation. No one would care about the mechanism behind any token or buy the token if the DIP keeps on DIPPing.

That will not be good for SHFL.

Quote

I however understand the slow release, from the point that makes market seem more stable and with enough incredibly cheap tokens, there would be a danger to see more unhealthy pumps and volatility in general value.

👍

But dimonstration also made a good point. He said that he has a small claim of tokens so some smaller amounts are probably OK for 100% unlock.

Bitinity

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Activity: 3066

Merit: 1312

Quote from: xLays on April 14, 2024, 07:48:53 AM

I know 2FA is to protect our account, but sometimes it affects our progress. Like what happened to my account on FortuneJack still hasn't been resolved. My account on FortuneJack has 2FA enabled (I'm not sure if it was mandatory) and when I logged in, the SMS 2FA wasn't working because my country is blocking it as per FortuneJack's chat support. I've already submitted a ticket about it, but I don't know why my ticket disappeared for no reason. Fortunately, I don't have any balance in FortuneJack but I do have free spins to claim. I have nothing against with Fortunejack, I just want to share what I have experienced.

Your issue at other casino is basically your own fault because you activated the SMS 2FA instead of activating the common App 2FA. It affects your progress because you did not check about it earlier, so basically your experience is an example of player's mistake about 2FA which means that 2FA is not affecting your progress but your mistake is. 2FA is something optional in most casinos or in most online services which is used to have better security of the account. Even if there is casino that make it something mandatory, it means that the casino care about your account.

Eternad

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Activity: 1400

Merit: 623

Quote from: freedomgo on April 14, 2024, 09:39:32 AM

Maybe some gamblers doesn't like 2FA because they don't understand it, but once they'll get educated, maybe they'll consider it.

Hopefully they'll be able to read our discussions here.

Gamblers usually want a quick access on the game that’s why casino usually offer an instant account creation or web3 connection for an easy access to the casino. This is the reason why some gambler doesn’t use 2FA to secure their account and just rely with their password. They are lazy to open the authenticator app then copy paste the code whenever they login or withdraw funds.

I like 2FA security because it can give you assurance that you will not gonna compromise even if you accidentally exposed your login details to scammer. Safety shouldn’t be considered as extra step because its our insurance to the money we are depositing in the casino.

freedomgo

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Merit: 1185

Playbet.io - Crypto Casino and Sportsbook

Quote from: tranthidung on April 14, 2024, 07:58:08 AM

Quote from: freedomgo on April 14, 2024, 03:27:27 AM

I think casinos should add it and make it compulsory for users to activate the 2FA, or if they don't or can't, add an email confirmation for withdrawals just to ensure it's not easily hack.

2FA is not mandatory even on centralized exchanges and don't request mandatory 2FA on gambling sites. It's an option for users and platforms can simply have a warning to their users, that 2FA will help to secure their accounts and funds better. Activate 2FA or not, it's choice of each user.

I know it's not mandatory but if there's no hassle in doing that, then I think users should understand that it's just a way to protect an account. When I started gambling, I don't know about 2FA but later one when I experience my account got compromise, I research on ways to make it more secure and I find that 2FA is the best solution. I'm not using a google 2FA, it's an AUTHY 2FA, easy to use and I could synch my pc and my smart phone easily.

Maybe some gamblers doesn't like 2FA because they don't understand it, but once they'll get educated, maybe they'll consider it.

Hopefully they'll be able to read our discussions here.

dimonstration

hero member

Activity: 2758

Merit: 705

Dimon69

Quote from: xLays on April 14, 2024, 07:48:53 AM

I know 2FA is to protect our account, but sometimes it affects our progress. Like what happened to my account on FortuneJack still hasn't been resolved. My account on FortuneJack has 2FA enabled (I'm not sure if it was mandatory) and when I logged in, the SMS 2FA wasn't working because my country is blocking it as per FortuneJack's chat support. I've already submitted a ticket about it, but I don't know why my ticket disappeared for no reason. Fortunately, I don't have any balance in FortuneJack but I do have free spins to claim. I have nothing against with Fortunejack, I just want to share what I have experienced.

How long does your account became inactive? AFAIK sms and 2FA is not mandatory security on that casino but they do have a tricky ToS for all their promotions that’s why I hated to play on that casino. It’s a nightmare to experience your additional security giving you a burden to not access your casino while you setup it for your account safety. It’s ironic. Cheesy

I never use 2FA on all of my casino account. I just rely on protecting my email so that my account can’t be exploited. I’m actually afraid on 2FA if ever the device which my 2FA app doesn’t work while I don’t have backup.

Topic: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token - page 40. (Read 21067 times)