Can anyone list some poker cryptocurrency tokens that have had ICO's that have raised $100k+ and are listed on coinmarkecap.
As far as I am aware there actually hasn't been any that have raised over $100,000. But there are definitely some online poker sites that are WORTH more than $100,000. These were probably funded by private investors, rather than opening up an ICO. I guess casinos are big business, but they don't want to share that with hundreds of investors.
This is true somehow but how are you going to expect on some big sites want to make an open investment for everyone if they can cover everything. They probably can cover some of their loss but with the house edge I believe they will get their profit in the end so why they need to share it for other small investors if they can still cover most of their loss?
coinpoker raised million of dollars and so far it's a terrible investment
also poker sites can't lose money , it's just not possible since there is no variance and they take their cut everytime a hand is dealt so they can't lose money
unless of course they run crazy promotions or made a lot of overlayed tournaments but they can easily avoid that
That is why I am saying, there is no need to make an open investment for such a big site if they can cover their loss. Poker site will never lose money because they only becomes a platform for players to play poker games and if they are making such a good tournament with good prize with it then they must be getting big incomes. So it will just become rewards for players for their loyalty and give their supports
That's not exactly true because it still costs some for hardware and hosting and you need to keep afloat for years while you make very little, but still these companies should be worth in the $100,000 max not millions. They have 10 - 20 players and don't stand a chance of making a penny in profit. what's worse, just look at the ugly faces of all the employees and people that have to be paid. No chance that's ever happening and this is why these scumbags sell you tokens and coins, it's how they get paid for their shitty poker ideas and bad business plans.
How much the cost for hosting? I do not think it is thst much compare on their companies that get even huge amount just from opening this platform for us. How much do you think that they can get just opening some event? I think this is more than enough to earn something
I know that by creating a new token will make them bigger but of course they need more progression instrad of staying on the comfort zone. They do this just to increase their bankroll and players will have variances to play so people do not need to keep on using btc. This might can be alternative due to the high fee
