Topic: What are your expectations for Casino coins in this coming bull run? - page 2. (Read 3543 times)

No doubt the casino need the players to run its business and the more players it is more good for them. However, if a casino is offering good services, then the gamblers usually stick to that casino and may not shift to others too often. Gambling sites do want new players to join their platform and therefore we see deposits bonues and other promotions for those who signup first time on the casino.

And for the casino token prices in the coming bull run, i am hopeful to see prices of all the token making a new all time high but the big question is when we will be having the bull run ? The bitcoin market has already broken its multi month range from 60-70K and now is trading around 58K or something.  

BetFury decided to get involved in the tap-to-earn trend that has become really popular hoping this will create some hype for their token. The trend started with Notcoin, which now has a market cap of over $1 billion. I don’t see BFG reaching that level but if they can capture a lot of buzz then it can have a positive impact on its price. A lot more people are now aware of this casino and their token because of this Telegram game, we will see if this translates into people wanting to hold the token for the benefits it offers.

Well, the betfury crypto drop game on telegram is bit by bit gaining ground and popularity, I am also playing the betfury crypto drop game and I must say that it's actually interesting to see that betfury is doing something to not just promote their brand, but also to get more attention to their token; BFG.

And concerning you posting about this here, I can assure you that there is no better thread for this, this thread is all about casino tokens and their development discussions, and any thing related that could help us decide if any of the casino tokens deserve our money in the form of investment.

That's why they need to recreate and reinvent in strategies that they need to do in keeping up with the numbers and retaining it. Because if there will be no new promos, giveaways or any incentives that they're going to them then that's the time that these players will look for greener pastures. The tokenomics of their token is solely relying to their customers and the investors holding it, so that's how hard the task that they need to do as they've chosen to make their own token.

Here I think quite important is the balance in maintaining this casino of the entire community of this casino and the fact that the number of regular players does not decrease significantly.  And even if it decreases, it is quite slowly.  In addition, of course, the influx of new players is important.  If the casino can ensure a balance in the number of players, then approximately the proportion of them who use the token remains fairly stable.  And this has a positive impact on the tokenomics processes of a given game token.  This will be able to stabilize the rate of such a token to a certain extent.  And in general, it will have good prospects and some protection against depreciation.

That's why some of them are really good when its own community uses it for that utilization and purpose of it. While there have been many attempts to make it look like as if they're in good terms based on the number of the users they have. But some aren't that welcoming at all to this kind of development but as expected for the bull run comes, they're very utilized and they keep up with the demand.

Also one of the reasons on why its price would really be that going down into the floor or something that cant just easily fly because it is really that something that you could mine or obtain
via wagering on which it would really be that pertaining to be some free money for a gambler that made out those wagers on which it would really be that understandable that they would
really be tending to make out those conversions on the moment that they had accumulated enough on which this is really that something that you will really be needing to look upon
if you would really be gonna tending to hold up casino-based tokens on which investors will really be that not easily be trying out to hold into something which could be mine
and could be dumped later on.

We simply play and while we wager we mine tokens. The casino state how much we need to wager for 1 token, let's say $1 just for example, and when you wager $1 you get 1 token, so $100 wagered get you 100 tokens. There are always levels, so the mining price is higher after some time.

Betfury changed that system, we still get tokens depending on how much we wager, but we get tokens from cashbacks, rackbacks, and other bonuses.

HunnyPlay, StarPlay, Weiss, and some other casinos have their tokens and you can earn/mine them simply by playing and wagering. Good luck.

Let's not forget that people don't go to a casino for the main aim of getting the casino coin, but rather people go to the casino simply because they wants to gamble for fun or try their luck while betting on a particular sport of their desires, as the casino coin is always an added advantage to gamblers, just like free spins, which is still better than those casinos who don't offer anything when a gambler plays and loses his bet. However, though casino coins may seems like an extra income to gamblers but it's always of more benefits to the casinos who created it, as they has the ability to manipulate it's price value at all times.

However, I received an airdrop token from a friend of mine who is also into crypto, and I was surprised the linked he sent was Betfury token airdrop as shown below, which could be mined and staked on telegram. And I'm still making more research about this, and just thought I should share it here since this is a discussion thread for crypto tokens.

Would you care to explain to us how mining is supposed to work when comes to casino tokens? Because, I don't think I have encountered that feature yet in these gambling assets.
Are you supposed to mine from your computer and use a special software for it (like when you mine Bitcoin or Ethereum) or is it rather like... logging on your account and from there you sell the processing power of your computer to the casino in exchange of tokens?
The second option is easily doable, actually, I call I did something similar to it when I was into a memecoin called "banano" and one could sell PC power in exchange of a small quantity of banano. It was like a faucet, but faster, depending ont eh characteristics of the PC and the conditions one could keep it running on.

That's a Good Point of view, but I think we should mention that good tokens with use cases and good tokenomics can give you huge boost, and we have such examples on the market! Regarding the casino, yeah, it's totally for fun and engaging yourself!

When you intend to make an investment, it is always recommended that people do research before investing and everyone in this section and forum knows this, so they will look at a casino token and will have the same conclusion as you said: casino tokens can be won by means of staked, playing. But what most people forget or ignore is the fact that casino is not a place for people to make money, casino is a place for people to have fun. So when a person takes $100, gambles and loses everything, but wins $5 in tokens, is that person winning? If that person spends every year playing with 100$ and losing everything each month, but winning 5$ in casino tokens for example, then that person will be bankrupt at the end of the year.

This is the same thing that you see with VIP accounts, there are people who spent a lot of money playing to have VIP accounts because of the benefits that VIP accounts gave, but in the end when you do math you see that it is not good to play with the aim of having an account. high vip. Casino tokens depend on the performance of the casino to rise in price, but as I said, a casino is not an investment site, a casino is not a company that is providing a service that society can constantly consume without causing any harm. casino is entertainment that should be consumed in moderation, so as the years go by and more casinos appear and more people become aware that they should look at casinos as entertainment, then the trend is that people spend less money in casinos and casino tokens are condemned to behave like stablecoins

Attractive casinos have many different features. So casino tokens that can be earned by playing, staked, and used for playing are just one of the features. Many people expect too much from these casino tokens, but the reality is that many of them are not making any progress when it comes to price, and I think that many of them will stay in the price range they are now.

It's an interesting feature, and I like it when I can mine casino tokens. For me, it enhances the gaming experience and makes it even more interesting.

Its hard to expect on those casino token although some of them perform better since if we could just see the past stats gained by those tokens it show that none of them yet perform so good and lots of people waiting for good opportunity since as you said they are been waiting for so long to sell their tokens. Its not good to wait for so long then you get nothing that's why I agree with you that its better for people to shift their attention to other coins that can give more potential gains especially if they can't afford to wait for further developments that might happen to the casino creates it.

But if they can still hold their patience and willing to wait for a big pump that will happen to what they think a project that have a potential then its fine. But we can still see that RLB still doing good an maybe this token most likely have a chance to get a good price increase maybe in future.

Haven't build that ball enough to risk on thos coins lately may be it because I am a Bitcoin follower who will always preferred Bitcoin over every other shitcoins regardless of what the promises are and the same goes for a number of things, let not forget so soon how some of the casino coins performed in the past and how many investors where trapped and stocked with those coins to the point that their only are waiting for the right time for those coins to gain at least a recovery price and a few profits for them to offload their bag hold of coins in the market and close the their position in those coins.

Agree with this 100%

We are launching a telegram mini-app poker room in mid-august.
While there were early thoughts of launching an ICO, the partners were completely against this idea.
Better to concentrate on gaming, marketing promos and bringing the project to life rather than making a casino coin.

I’m sure there are no right or wrong answers here, but seems to me to launch a token, is completely a different direction market-wise, and the casino should be investing in their gaming experience rather than 10x ing on a token.


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> There is not much competition between casino tokens due to their small number, in addition to the fact that marketing includes the product as a whole, with part of it allocated to the token without focusing on it alone. Do you think it is feasible, for example, to publish an official announcement for the casino in the altcoin board, given that it has a casino token? This is just an idea that came to my mind now.
> Maybe the focus could be on diversifying its uses even outside of gambling. I expect that most of those who currently own the token are traders and not users of the platform.
> This is a good idea and work can be started on it using the forum, especially if the casino has ongoing marketing campaigns in which payment is made using Bitcoin or any other currency. Allocating a portion of payments to tokens would be a good idea.
> This step requires careful study, especially if this was not programmed when deciding the supply size from the beginning.

Lol, I guess most of us would accept this fact here. We all are just waiting to for the right moment to sell our casino coins isn't it.
After all, we have been holding them since a long time already and if they aren't making us profits then selling them would be the obvious choice.
I guess we need to shift the investment to some other coin which yields better returns.
The only ones benefiting from buying casino coins would be the active gamblers who are utilizing those tokens in the site.

Casino tokens performed better in the last crypto bull run than this and the reason is obvious around us so we can't entirely blame them but how the crypto market has turned out to be this time. The reality is that there are too many crypto projects to invest in by people, this is unlike before when you might still count good projects easily and monitor them closely but it is getting worse each day with the huge influx of new coins/tokens into the market. The gaming tokens alone are in their thousands now not to mention the casino tokens, and not to mention again the huge altcoins that are rivalling the liquidity to be shared in the entire market.

This is so discouraging and has started making me wonder if the crypto market could live up to the expectations of people as before. But still, the opportunity will happen even if it's once in a while, it's we who should be prepared and be smart at the same time. We should know how to be patient to buy lows and not hold for too long. This is applicable to the present and the near future, and when the next bearish season will end, just as we experienced in the late months of 2022. Also, if the crypto world will not forget tradition, there should still be an altcoin season which I believe the casino tokens will also benefit from.

This is the dilemma in most casino tokens, the growth usually is very slow or in most cases, they are in declining stage. Even if we say, the casino itself is surviving and growing, it doesn't always translate to their token's development. Also, it will depend on how the casino team is dedicating their marketing of their token, how they are being developed to have a solid use case and their long-term plans for their token itself.

From what I have seen among casino tokens introduced in this forum, the increase of value can be influenced by =
> active marketing of the team by offering rewards or incentives holding the token
> can be used in the games like with other alts
> regular contest or race using the token itself
> regular burning of some tokens, to decrease its supply