You think Token Based Casino Have A Better Chance In The Market Now?

dustboy

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Quote from: robelneo on June 13, 2021, 07:02:36 PM

DEX and NFT are doing great now in the market do you think a token-based casino have a chance in the market now, I have an account and actively playing on a casino where its token will be tradeable in a Decentralized Exchange, what are its chances to land in the top 100 in the market and what does the developer needs to do to achieve it.

Can you share which casino you are talking about so we can see about the success possibility of the token of the casino. Also give more details on how you earn the token of the casino? Is it by playing then you get their token (bet mining) or something different?

Without any information about the casino, I think it is hard to speculate the future of the token. Any casinos may have their own token and say good thing about the token to attract their players but there is no guarantee that it will truly happen in the future.

Oceat

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Quote from: kidbounty on July 08, 2021, 12:07:14 PM

Quote from: robelneo on June 13, 2021, 07:02:36 PM

DEX and NFT are doing great now in the market do you think a token-based casino have a chance in the market now, I have an account and actively playing on a casino where its token will be tradeable in a Decentralized Exchange, what are its chances to land in the top 100 in the market and what does the developer needs to do to achieve it.

still have a chance, but not too big. need a massive promotion to be able to attract users. and all that can not be done with minimal funds. that's why crypto based gambling platforms are less popular. because it loses competitiveness with mainstream gambling platforms that have large funds.

I don't think they will, even if they have massive promotion, that doesn't mean they would attract a potential gamblers. Most of these potential gamblers are in the mainstream gambling because they gain big to the casino that has a reputation than the starting one.

DEX and NFT aren't good for casino IMO since most potential investors or gamblers preferred a casino that would give a good result at the end of the day. That they can surely think they would get their ROI as fast as possible in the future.

kidbounty

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Quote from: robelneo on June 13, 2021, 07:02:36 PM

DEX and NFT are doing great now in the market do you think a token-based casino have a chance in the market now, I have an account and actively playing on a casino where its token will be tradeable in a Decentralized Exchange, what are its chances to land in the top 100 in the market and what does the developer needs to do to achieve it.

still have a chance, but not too big. need a massive promotion to be able to attract users. and all that can not be done with minimal funds. that's why crypto based gambling platforms are less popular. because it loses competitiveness with mainstream gambling platforms that have large funds.

livingfree

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Quote from: robelneo on June 13, 2021, 07:02:36 PM

DEX and NFT are doing great now in the market do you think a token-based casino have a chance in the market now, I have an account and actively playing on a casino where its token will be tradeable in a Decentralized Exchange, what are its chances to land in the top 100 in the market and what does the developer needs to do to achieve it.

As long as it's liquid and the volume is high.

There's always a chance for a casino based token will have its own time to shine. As said, getting in to the top 100 is a big possible thing as long as there's a community that makes its volume too high.

What particular casino token you're asking for?

joniboini

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Quote from: stomachgrowls on June 15, 2021, 01:52:07 PM

Been seeing several casinos had launched up their coins but seeing the status in terms of price and demand then they arent doing that well.
So i dont expect that it could even go touch top 100.

Yup, maybe there's too much supply. There's not enough demand for them. But well, that's how utility token works. It won't change unless the platform performs exceptionally well. I do think it's unnecessary for gambling platform to launch their own token tbh, they should focus on improving the games and security of their network. Sooner or later profits will follow.

stomachgrowls

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Quote from: robelneo on June 13, 2021, 07:02:36 PM

DEX and NFT are doing great now in the market do you think a token-based casino have a chance in the market now, I have an account and actively playing on a casino where its token will be tradeable in a Decentralized Exchange, what are its chances to land in the top 100 in the market and what does the developer needs to do to achieve it.

I dont see much any changes when it comes to that because everything would really vary on demand and imagine on how many casinos that are existing as of this moment?

What are the perks on using up their own token based than on simply using up the casual BTC and top altcoins in playing? In terms of dividend and something like that then its not a bad option but wont really recommend.

Been seeing several casinos had launched up their coins but seeing the status in terms of price and demand then they arent doing that well.
So i dont expect that it could even go touch top 100.

Naficopa

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Quote from: robelneo on June 13, 2021, 07:02:36 PM

DEX and NFT are doing great now in the market do you think a token-based casino have a chance in the market now, I have an account and actively playing on a casino where its token will be tradeable in a Decentralized Exchange, what are its chances to land in the top 100 in the market and what does the developer needs to do to achieve it.

Playing with a casino token is a bit uncomfortable because you have to change the currency after each deposit. (Just as annoying as some exchanges swap into "trading account" and back). This could have a good chance of success, but only if the swap to the casino token will give additional (preferably large) bonuses.

jrrsparkles

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Quote from: robelneo on June 13, 2021, 07:02:36 PM

DEX and NFT are doing great now in the market do you think a token-based casino have a chance in the market now, I have an account and actively playing on a casino where its token will be tradeable in a Decentralized Exchange, what are its chances to land in the top 100 in the market and what does the developer needs to do to achieve it.

IMO,those tokens are useless since people who gamble their actually not going to bet with thise tokens. All of them will go with the popular coins so this token is just another which isn't even listed on any reputed centralized exchanges.

If casinos wants their customers to use their native tokens then they should give more rewards or some kind of extra bonus who bet with token then it will get popular.

Strongkored

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Online casino competition today is very tight. Players before using these tokens to gamble will definitely seek the benefits using these tokens compared to using other altcoins whose prices can be more stable and have also been traded on many exchanges.
Players definitely don't want their profit decrease because the price of the tokens they use less value when sold them.
So I don't think token based casino have good chance in market except they give it free to players to try their casino and can also sell it but with various rules that benefit both the player and the casino.

robelneo

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DEX and NFT are doing great now in the market do you think a token-based casino have a chance in the market now, I have an account and actively playing on a casino where its token will be tradeable in a Decentralized Exchange, what are its chances to land in the top 100 in the market and what does the developer needs to do to achieve it.

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