I think it’s also because market is lowish and any chance to win and increase people’s holdings of crypto is a great longterm possibility for growth of funds
yeah, right now, winning some free coin is a great way to get more coins, orbit have a great idea they should ensure they actualize it most especially right now that the market is bullish Market is slowly changing it's color from red to Green. Psychologically, this will have huge impact in the minds of the people and more and more will turn up the crypto. |
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I have never done margin trading with crypto, only a little in forex in the past. I like to check out new exchanges trading in cryptocurrencies so will most likely take a look at this new one when I get a chance later in the week. It seems to have some interesting functions so I will want to check on it from time to time and how it is progressing. A lot of new projects need a chance to showcase their tokens and coins, so we need good exchanges in this space to get more utility out of this Arena.
Margin trading is highly risky. It doesn't matter whether it is a stock market or crypto. But may be with tools supported by bots could reduce the risk to certain level in crypto. We need to wait and see. |
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Thanks for the explanation, now I finally know how it works That's almost like being at the casino, and I like going to the casino:-) Yes, this article really helps to understand how gambling/betting with Orbit works. Is it correct, that joining a ring is comparable to buy a lottery ticket? The more often you buy into a ring, the higher your chances of winning are. So i guess buying into a ring is one of the most important aspect of orbit. Is there a speculation if the price of the ring will be fixed? As far as I understood, the total prize is 10 ETH. More number of people participates, they have to bet less? Also chance of winning will be less in that case. Risk will be lower however. |
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What’s the update on Onam token sales?
When is the release of the MVP? Am confident that would have some effect on the sales.
ONAM token sales is moving forward at full pace. They have crossed 15 mil already yesterday and streadily moving up. Seems like softcap is not too far away. |
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I was checking Onam's telegram channel and I come to know that they will also provide paper trading option. which means people who are new to crypto trading will be able to do practice before starting actual trading.
yes, I've already read that. Think that's a great thing. Especially since they offer a lot of new possibilities that you might want to test first That is the advantage of being early adopters of the project. If the project is successful, they are the huge beneficiaries. I am having strong faith in this exchange and hopefully every single element they promise would work in the best possible way. |
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They are still not have any another social medias accounts? I mean in discord channel I couldn't found any link for twitter, facebook or telegram.
Yea, probably they will roll this out along with their website. The truth is we will get to know more about this project when the website becomes available. Website is crucial. I am sure team is aware of this and will be working on that for sure. Looking forward for the announcements from the team sometime this week as somebody said that in the discord channel. |
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Hello team, the ORBIT project is provided to the user unfinished, will be provided to early investors who believe in the project, more favorable conditions?
I am not sure about your question. But this is completely different type gambling project I would say. It does not matter whether you start early or late. Its always about 10ETH final target. |
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I was checking Onam's telegram channel and I come to know that they will also provide paper trading option. which means people who are new to crypto trading will be able to do practice before starting actual trading.
What is the exact meaning of paper trading? I don't get it. Why we have to go back in time when the whole present and future is moving forward to digital? |
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Its really a critical period in the cryptocurrency niche and blockchain as an industry because of the outcome of the ETF meeting that should be out in a couple of days, there is tension but there is also hope in the air as some believe of a very bullish period after the pronouncement of the meeting, so i expect things to turn around after November 5th
the ETF meeting, since how many months is this used again and again as justification for the upcoming bull market? And every time this meeting is postponed again. Personally, I also believe in an upcoming bull market, but this ETF meeting will have nothing to do with it ETF approval is the turning point for the market. Institutional investors are waiting for that news to come but not sure why SEC is still waiting for that. |
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I dunno if bigger than any brand i can come up with but i definitly think that smart p2p gambling like this has a definite niche it can fullfill and considering how big the gambling world is even a small portion of that has some great opportunities, i hope the team can develop a nice secure niche market and lock it down well to gather attention
For me the main thing is marketing of the project. I am seeing this project mentioned only in bitcointalk whereas there are lots of other promotions needed as well. Even telegram channel is not there. |
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Every few mins new rings will be opened up and available to join. So you could be small and often, or wait for the rings with the odds you want to see. Thanks for the question and please join our https://discordapp.com/invite/Jzfk8Wa for a more indepth discussion When the whole system will be available for participants? Or is it already fully functional? |
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I remember I once complained about the high minimum investment on Onam ICO. Now you can get in Onam token sale with $50.
I was about to say the same. Is it due to the main sale starting? Obviously the minimum investment will go down when the main sale starts. It’s was actually not because of the ICO stage. I guess the team wanted to let in more investors into the sales. Give everyone a chance to get more Onam tokens. Also, it the minimum was reduced because of complains from Onam community. It’s great Onam Team listens and got their community at heart. They would do well if they keep that up. I think its just due to the ICO stages. I have seen it lots of projects already. Pre-sale offers huge bonus and reduced price which meant for big investors. Thats logic and makes sense also. |
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I agree i would understand if the exchange became popular they increased the fees but they should go with low fees at the start.
Did anybody check their telegram channel on why they are going for very high listing fees? I would love to hear the reason and strategy behind that price set-up. |
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You don't have a contract code yet? Who is the sponsor -and will pay such a huge prize? there is no information on the site-everything looks vague and foggy  . I agree. But some team member here is answering questions. Also they are asking people to join their discord channel to discuss in detail. Please check previous pages of this thread. |
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I really like to see new DAPPs released on the ETH blockchain. So basically a 100 people enter and one is randomly picked and the winner will receive 10 ETH is that the idea?
This is the kind of immutable design that we should really be seeing more of popping up on smartchains and it really fits into gambling well, which you'd think we would see more of, i've seen a few companies attempt it before but it comes down to getting enough people to want to participate to make it worth it which is all marketing really. Yeah, but guess only one player will be selected for 10 ETH prize. But it's really nice marketing strategy. Its also nice and quite lot of money to be honest. May be if you lose, you will probably lose about 0.1 ETH but if you win its 10 ETH. This will attract many players. |
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Did anybody see the new listing procedure published by ONAM? I am just wondering why the listing fees is so high and that too for a new exchanges like ONAM. I am trying to understand the reason behind this.
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I had no time yet to go through the complete thread so if it already has been asked, just forget my question. But what will be the cryptocurrencies that are tradeable once the platform goes live?
About 25 coins/tokens were announced and among them are some stable coins. The MVP will be available in 2 weeks and you can finally see all of it. Okay, thanks for your answer. Now I am really curious how the MVP will look like. Will it be open for everyone to test it out or will it be only for ICO participants? In the telegram they were discussing about MVP which will be released very soon. This will also help early adopters to get used to the portal before they go live in Q1-2019. |
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Wow this is so cool.. Like really... I never thought of the possibility of joining a gambling network on the blockchain which is so attractive as this right now.. I'll be exploring much more in coming days  Really want more information on the project to see what it's about gonna spend some time reading about it i've always said though that gambling seems like the perfect target for blockchain due to its immutablity and it's distributed architecture it really lends itself to being able to handle something as important and widespread as gambling It seems team just started working on this project. I don't even see whitepaper. Or I am missing something? I checked the site and they mentioned " ICOs are dead "So there will be no ICO from Orbit? Peer to peer gambling? I have lost of questions in my mind now. how it's going to work, what type of gambling it will be, etc. Where I can find more info about this project. Orbit is built on the Ethereum Blockchain. Orbit is a peer-to-peer game of luck. Gamblers add ETH to buy a section of a ring. Rings have a limit of ETH which needs to be added for the ring to spin. When the limit is met, the ring spins and chooses a winner. An example: A 10 ETH ring is created. Someone buys 50% of the ring for 5 ETH. Another person or group of people must buy the next 5 ETH of the ring for it to spin. When this happens the ring spins, and will land on a winner. The winner is paid out 10ETH (- a ~0.5% fee for the site) through the smart contract. I like this example and now I understand to certain extent on what Orbit is about. I was thinking Physics on seeing the name of the project. Loser will end up with nothing or still they have to pay the fees of 0.5%? |
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The good thing about being listed on LA token is having the ability to buy more tokens rather than sell them. Having a passive form of income is what we all need. So anyone who missed out on the ICO can still get in on this side income
I agree. There are so many restricted countries who cannot participate in the ICO., especially investors from the Netherlands. I suppose the price will increase after the ICO. Yeah, I don't know what's really wrong about it but I think they just don't really like using the cards or banks when some people are buying some cryptocurrencies that's why they restricting it. I think the reasons why some countries are excluded are complex. Some countries are regulated others have restrictions for ICO participation. That is the problem with the cryptomarket, every country has different regulations. Yes. But this is not only in crypto. But also in many other fields. For example medical/pharma field. Time will come with universal law. One world one law.. We have to waif for that. |
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What is your opinion on the purchase of tokens? Do you prefer to buy from the ICO and have the secure bonus, or would you rather wait for a listing, with the possibility of some selling their bounty tokens cheaper?
I tried both and sometimes got the better prices after the listing. But that could be different with Onam
Same here. But this different, onam tokens is an exchange token. The price would be much controlled from the exchang which would be be it’s use in paying transactions fee. Don’t forget the huge bonus we could when we get in this stage. I don't think that you will get the ONAM tokens cheaper after the ICO. The token will get listed on the ONAM exchange first and you will have a lot of benefits or special features if you hold the tokens. I also heard it will be listed only in ONAM exchange. Is it similar to what we have something like binance coin, KCScoin, BMX etc..? |
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