Where to generate leads on early investors for a gaming/casino blockchain?

CryptopreneurBrainboss

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I got a recommendation to come here for ideas, another recommended putting out anonymous wallet for donations, however I am not comfortable doing that. We are still about 10-12 months before we would have a fully functional program (if we get proper investing) Any help would be great.

Although I'm not a big fan of this advice I'm about giving as it has causes at lot of harm to the community instead of bringing about development as it was intended for. I'm speaking about the initial or exchange crowdfunding technique used by most funds to raise millions of dollars to support their idea and help it get kick started.

One bad observation though, it's quite hard for reasonable project to raise decent amount of funds without any marketing but that of the worthless project without any reasonable ideology gets lots of cash stoned at them. What I'm trying to say is since you're not promising some get rich quick scheme you would hardly numerous patronizers therefore you need to have very confusing reasons why investors have to trust you and engaged on aggressive marketing too.

darewaller

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Someone recommended that you go with an ICO, but do you have any funding enough to carry you with that and properly promote your project? Maybe ICO would be a good idea to get funding for your business, but you should first understand how it works and also know if it’s legal in your country, before you go ahead.

You can still search for private funding, because the best you might get in this forum is just ideas, and I don’t know if you will get investors. There are other means you can try, maybe by using platforms such as Medium, Twitter, and other social media platforms to push the project and try to get investors I guess.

target

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Its a casino you are developing and not a platform for a project that will benefit all. Obviously, this is just for the gamblers and investors who like profit since they know casinos are also profitable.

I don't know if you can entice a big influencer who is also in cryptocurrency space. Chinese invetors are fond of casinos but you may not see others who would like to be associated with gambling. Tim Drapper or Elon Musk so far hasn't show support to any gambling platform AFAIK.

stomachgrowls

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Quote from: justdimin on October 11, 2020, 04:51:56 AM

There are tons of decentralized gambling places all around, unless you are bringing something special the only way you could raise money is three F and that's about it. Three F is "friends/family/fools" and if you can find any money from them you can but there won't be any that specifically we can show where, you would need to find one.

If you really think that you would bring something fresh and different you may actually end up with something and some people may want to invest, even though it is tough it is not impossible because different and new stuff always gets attention, but if you are not going to make a difference and just make another dapp gambling place I am sorry but there is no way anyone would want to invest into something like that.

If something be presented to be revolutionary one then he might have a chance but it seems that this idea isnt the first time we have seen around.There are already lots of them but what happened?

They dont really get that much attraction.Lets say that op is really that serious and legit man but actually getting a single investor or fund support would be the hardest challenged now even this market of crypto is something
that can easily be extracted out some money to some people whom do easily believe but at the same time, people are already smart enough and had already done with failed projects and scams.

On the other side, you cant really blame out people not to be hesitant on supporting projects no matter how good the proposed platform would be.Getting one will surely be a pain in the ass.

justdimin

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There are tons of decentralized gambling places all around, unless you are bringing something special the only way you could raise money is three F and that's about it. Three F is "friends/family/fools" and if you can find any money from them you can but there won't be any that specifically we can show where, you would need to find one.

If you really think that you would bring something fresh and different you may actually end up with something and some people may want to invest, even though it is tough it is not impossible because different and new stuff always gets attention, but if you are not going to make a difference and just make another dapp gambling place I am sorry but there is no way anyone would want to invest into something like that.

ER20finance

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Quote from: TheUltraElite on October 10, 2020, 01:07:52 AM

I think those mentioned gamblings are not decentralized when it terms for their investors. So, if the owner or founders of the gambling site will decide to stop from operating and they will not return anymore the money of their investors, it's extremely possible. It's just like handing your money to other people.

For OP, you really did a good job for initiating this project and I really admit that this kind of project is huge and complicated, that's why it really need takes time and MONEY too.

If you guys, will rely on donations, it may become to difficult to rely on those, since it's also difficult for some people to donate on that kind of project which they are still not sure if it will success or it will help other people. MY suggestion is find some companies or people that are willing to invest in your project and talk about the shares.

Our biggest thing right now is investors, and trying to figure out how to eliminate most of the risk, any gambling site comes out ahead, I hate to say it but that is how the code is written. There will be some big scores by users, but in the end the house always wins. We are trying to figure out exactly we can make potential investors feel secure, yet still have a hot wallet big enough to cover any potential winnings. We plan to audit either every 48 hours or week and liquidate profit to investors. We are hoping it will be a big enough success that the 7.5% of tokens allocated to our team will be enough to make us set for life.

Thanks for the feedback, any and all comments are appreciated!

ER20finance

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Your developers developed those casinos without payment? You must have had good pitch then.

Well you wont be finding any private investor here, so to speak. You might only get recommendations. Get in touch with some private capitals, they might be willing to invest. Get an IPO/ICO done if possible, that might generate some revenue too.
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As stated in my post, ideas were what I came here for. I don't expect anyone here to come to me saying they have 5btc to put towards the project. Our team worked together on a previous project, which is when we came up with the idea of a defi casino and started putting pen to paper. We have all gone without pay because we believe this could be a billion dollar project one day, making every hour, day, week, month of writing and designing worth it.

ER20finance

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Quote from: adaseb on October 09, 2020, 10:39:39 PM

The issue with anything "Decentralized" these days like DeFI is that its extremely complex for most people. I've been around Bitcoin and Ethereum for years but it was still a struggle to get DeFI figured out. With a DeCasino I am sure you will run into the same issues.

So I don't think right now since most casinos are still "kyc-free" there will be a market for this yet. Because I don't think gamblers are going to want to go on a steep learning curve on how to play in a DeCasino, unless you find a way on how to make it extremely user friendly.

You should show what you have so far and maybe some people on this forum might help out and invest. However it would be better if you had a partially finished product first so they can try it out and see how it can work.

Keep in mind in many of these smart contracts, there are always tons of bugs which leads to money loss. Hence why you need to know what you are doing if you want to go live with people's money.

Yes we definitely need to extend our team, which is a lot of the reason we would need early backers. We have approached a few businesses but everyone seems to be afraid of the timeline before they recoup funds. We already have about 2 years of work into the software, but we would need to be able to make things more accessible to the everyday user like you said. We plan to incorporate a easy payment system to allow easy conversion from fiat to bitcoin or erc20. We have worked out most of the bugs, but we would have to do an early beta release to confirm that, we would need to be 100% sure there wont be hiccups post launch.

GreatArkansas

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Quote from: TheUltraElite on October 10, 2020, 01:07:52 AM

Quote from: ER20finance on October 09, 2020, 07:11:20 PM

A few software developer and crypto nerds and I have been developing a decentralized online gaming casino. Our software developer leader designed -snip- Our plan is to have 95% of all profit generated split among stakers (will be decentralized ran from investors nodes around the world)

Many other casinos have done the same previously. Notable mentions are crypto-games, YoloDice and some Ethereum token based casinos which are still running I think.

I think those mentioned gamblings are not decentralized when it terms for their investors. So, if the owner or founders of the gambling site will decide to stop from operating and they will not return anymore the money of their investors, it's extremely possible. It's just like handing your money to other people.

For OP, you really did a good job for initiating this project and I really admit that this kind of project is huge and complicated, that's why it really need takes time and MONEY too.

If you guys, will rely on donations, it may become to difficult to rely on those, since it's also difficult for some people to donate on that kind of project which they are still not sure if it will success or it will help other people. MY suggestion is find some companies or people that are willing to invest in your project and talk about the shares.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ER20finance on October 09, 2020, 07:11:20 PM

A few software developer and crypto nerds and I have been developing a decentralized online gaming casino. Our software developer leader designed -snip- Our plan is to have 95% of all profit generated split among stakers (will be decentralized ran from investors nodes around the world)

Many other casinos have done the same previously. Notable mentions are crypto-games, YoloDice and some Ethereum token based casinos which are still running I think.

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However our biggest hurdle is that none of us are super-rich, we have all spent countless months and our own money working in our free time and a project like this requires a significant more amount of money than we currently have.

Your developers developed those casinos without payment? You must have had good pitch then. Cheesy

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I got a recommendation to come here for ideas, another recommended putting out anonymous wallet for donations,

What I can recommend is that you need private funding. A lot of it. Casinos dont run with 100-200 BTC on hotwallets at the ready by several thousands in order to stop any possible embarrassing situations with customers. Primedice began because their owners were early adopters with huge amounts of bitcoin with them.

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We are still about 10-12 months before we would have a fully functional program (if we get proper investing) Any help would be great.

Well you wont be finding any private investor here, so to speak. You might only get recommendations. Get in touch with some private capitals, they might be willing to invest. Get an IPO/ICO done if possible, that might generate some revenue too.

adaseb

legendary

Activity: 3808

Merit: 1723

The issue with anything "Decentralized" these days like DeFI is that its extremely complex for most people. I've been around Bitcoin and Ethereum for years but it was still a struggle to get DeFI figured out. With a DeCasino I am sure you will run into the same issues.

So I don't think right now since most casinos are still "kyc-free" there will be a market for this yet. Because I don't think gamblers are going to want to go on a steep learning curve on how to play in a DeCasino, unless you find a way on how to make it extremely user friendly.

You should show what you have so far and maybe some people on this forum might help out and invest. However it would be better if you had a partially finished product first so they can try it out and see how it can work.

Keep in mind in many of these smart contracts, there are always tons of bugs which leads to money loss. Hence why you need to know what you are doing if you want to go live with people's money.

ER20finance

newbie

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I forgot to specify that the blockchain will be developed for player rewards as an incentive for them to gamble more.

ER20finance

newbie

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A few software developer and crypto nerds and I have been developing a decentralized online gaming casino. Our software developer leader designed Americascardroom poker software(americascardroom.eu). Our plan is to have 95% of all profit generated split among stakers (will be decentralized ran from investors nodes around the world) However our biggest hurdle is that none of us are super-rich, we have all spent countless months and our own money working in our free time and a project like this requires a significant more amount of money than we currently have. I got a recommendation to come here for ideas, another recommended putting out anonymous wallet for donations, however I am not comfortable doing that. We are still about 10-12 months before we would have a fully functional program (if we get proper investing) Any help would be great.

Topic: Where to generate leads on early investors for a gaming/casino blockchain? (Read 187 times)