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Author Topic: ⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️  (Read 375418 times)
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October 20, 2017, 08:20:04 AM
 #5521

So what do you guys think happens to the price if the license gets denied?
Can they just apply for another license after that?
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October 20, 2017, 10:44:11 AM
 #5522

So what do you guys think happens to the price if the license gets denied?
Can they just apply for another license after that?

The price would decline further if that happens and there would be a bulk dumping, can't imagine that. If the license gets rejected, I suppose they may apply it from another country and would follow the same process.Can someone provide more details getting a license part in different countries?


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October 20, 2017, 01:07:16 PM
 #5523

Edgeless token prices are falling this month
When can the license be approved? I believe the price can rise after approval of the permit

yeah we need a clear info regarding the license so the price can be increase and if i correct in their update on medium they said that this week we will get an info about the license

Quote
Casino License
We are still working on a casino license from Curacao jurisdiction. We have full confidence that it’s going on the positive side; however, it’s taking longer than usual because our project is quite unusual for regulators.
Next status update on a license will be in October.
https://medium.com/edgeless/an-update-before-a-game-553bcbef99c8
That would mean we have 11 days to wait for the license update and I hope everything will work as plan, also Edgeless is going to attend a big event this month and it would be nice in the next update if they will post some pictures in the conference along with the status that the license was successfully approved. Grin

The price is quite cheap to own this token and this is a good chance to buy more EDG tokens I believe that EDG will hit 3$ in next month . The rumor of license is not to worry that's a way to collect cheap coins from the whales . I really feel sorry for who sold this token at this price and it seems as a waste of money from weak hands . Stay awake before it's too late : That's a very good and potential coin in gambling field.
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October 20, 2017, 02:12:29 PM
 #5524

So what do you guys think happens to the price if the license gets denied?
Can they just apply for another license after that?

The price would decline further if that happens and there would be a bulk dumping, can't imagine that. If the license gets rejected, I suppose they may apply it from another country and would follow the same process.Can someone provide more details getting a license part in different countries?
Next to Curacao there is Malta, Gibraltar, Alderney and Isle of Man for popular iGaming licenses.
Of course there are more like Czech or Denmark etc. but depending on the license the jurisdiction is also different. For example license from Denmark is only suitable for Denmark.
Also different tax prices etc.
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October 20, 2017, 02:46:00 PM
 #5525

So what do you guys think happens to the price if the license gets denied?
Can they just apply for another license after that?

The price would decline further if that happens and there would be a bulk dumping, can't imagine that. If the license gets rejected, I suppose they may apply it from another country and would follow the same process.Can someone provide more details getting a license part in different countries?
Next to Curacao there is Malta, Gibraltar, Alderney and Isle of Man for popular iGaming licenses.
Of course there are more like Czech or Denmark etc. but depending on the license the jurisdiction is also different. For example license from Denmark is only suitable for Denmark.
Also different tax prices etc.

In that case, these options are fully open for the edgeless team to consider and they would definitely like to get this done before closing this year or say before the closure of this month.


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crofly
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October 20, 2017, 03:44:39 PM
 #5526

So what do you guys think happens to the price if the license gets denied?
Can they just apply for another license after that?

The price would decline further if that happens and there would be a bulk dumping, can't imagine that. If the license gets rejected, I suppose they may apply it from another country and would follow the same process.Can someone provide more details getting a license part in different countries?
Next to Curacao there is Malta, Gibraltar, Alderney and Isle of Man for popular iGaming licenses.
Of course there are more like Czech or Denmark etc. but depending on the license the jurisdiction is also different. For example license from Denmark is only suitable for Denmark.
Also different tax prices etc.

In that case, these options are fully open for the edgeless team to consider and they would definitely like to get this done before closing this year or say before the closure of this month.
It's only really needed with the full release of blackjack.
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October 20, 2017, 07:34:03 PM
 #5527

I will keep holding my tokens because i dont wanna go out in loss.... But i wish i would sell it 1 month ago. I dont understand what devs are doing. when will they get that licence? Is there any information about it?


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October 21, 2017, 03:14:24 AM
 #5528

Edgeless token prices are falling this month
When can the license be approved? I believe the price can rise after approval of the permit

the price is down, its normal,, because the price of bitcoin is going increase
and many altcoins is down right now. dont worry about that, the license is working we hope it will be approved soon.

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October 21, 2017, 11:10:06 AM
 #5529

Can you PLEASE gives us updates on your licence!??! Undecided
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October 21, 2017, 12:06:35 PM
 #5530

I hope my expectation is realistic and logical to wait for x5 from here in next few months. It has been over 41k satoshi just few weeks ago. Many people bought with that huge volume and that buying at high will drive the market upwards again. I see buying with minimal risk now.
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October 21, 2017, 12:09:22 PM
 #5531

Can you PLEASE gives us updates on your licence!??! Undecided

They won't as long as there is nothing positive news. When (or if) positive news come this will rocket back 100m market cap in day or two. If we get bad news we will probably go under 10m marketcap but I really don't believe that scenario. There might be just some think that they need to sort out before they will get that license.
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October 21, 2017, 12:33:24 PM
 #5532

Can you PLEASE gives us updates on your licence!??! Undecided

They won't as long as there is nothing positive news. When (or if) positive news come this will rocket back 100m market cap in day or two. If we get bad news we will probably go under 10m marketcap but I really don't believe that scenario. There might be just some think that they need to sort out before they will get that license.

I understand all of that, but for people who bought the top...is very devastating situation. Hope you are right,..
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October 21, 2017, 12:47:10 PM
 #5533

Can you PLEASE gives us updates on your licence!??! Undecided

They won't as long as there is nothing positive news. When (or if) positive news come this will rocket back 100m market cap in day or two. If we get bad news we will probably go under 10m marketcap but I really don't believe that scenario. There might be just some think that they need to sort out before they will get that license.

I understand all of that, but for people who bought the top...is very devastating situation. Hope you are right,..
Then it's their own fault not that of Edgeless Team. Everyone did that at one point, me too, can't blame the dev team for own stupidity
Either wait or get out and try it with another coin or so. Asking all the time won't help
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October 21, 2017, 02:35:55 PM
 #5534

Can you PLEASE gives us updates on your licence!??! Undecided

They won't as long as there is nothing positive news. When (or if) positive news come this will rocket back 100m market cap in day or two. If we get bad news we will probably go under 10m marketcap but I really don't believe that scenario. There might be just some think that they need to sort out before they will get that license.

I understand all of that, but for people who bought the top...is very devastating situation. Hope you are right,..
Then it's their own fault not that of Edgeless Team. Everyone did that at one point, me too, can't blame the dev team for own stupidity
Either wait or get out and try it with another coin or so. Asking all the time won't help
This project is not coming to an end, they deserved to where it stand now and that is  because of the current update, eventually it will rise as the price of bitcoin will start to neutralize. Price of bitcoin is so expensive now and we have seen it's dominance increasing but it's not only edgeless that is decreasing but most of the altcoins because they are losing its value, wait for the right time and you shall see it will grow again but that requires patience.

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TheNitrix
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October 21, 2017, 04:28:10 PM
 #5535

Prepare for a big dump people. Yes, 2 months average. But this is no simple casino with only a few games in BETA only.
I do hope for the best, but I'm becoming more doubtfull now. The hype is over and the only reason to get this back-up is pure the license and that's a fact. Who cares? People who want to invest and gamble big time in it.
So deal with it people. It's less than 7k satoshi now.

-----------------------------------------

How long does the application process usually take?
All applications will be processed as efficiently as possible but the time required varies with:-

the completeness and accuracy of the application
the complexity of the ownership structure and the commercial proposition
the commercial readiness and preparations of the applicant and their ability to respond quickly to questions arising in the investigation process
The application and approval process splits into three pieces- suitability, fair games and adequate processes. The process runs as follows.

Suitability – the average licence approval takes 60 days from receipt of the application, although the spread can be from within a month to greater than a year. The critical delay factor is the time taken by the applicant to respond to due diligence questions.
Fair games – the average initial equipment approval takes 60 days. Best and worst variations within this are extreme, reflecting the quality of submissions, and the speed and focus of response; the norm is less than 2 months. New games approvals take an average of 21 days to grant from initial application; again there is a wide variation within this average, with better results being routinely achieved by applicants with existing testing house relationships, good software development teams and focused project management.
Adequate processes – the average initial ICS approval takes 70 days. The Commission’s final ICS review is normally completed within a week of receipt. The difference between the two being that initial submissions are frequently incomplete and unfocused- again the difference between good applications and unfocused applications is stark.
The three processes can be run in parallel or in series; neither time line is likely to be a simple arithmetic product of the above. The “in-parallel” applicant will usually take a little longer than the time required for games testing, to complete all three components. The “in-series” applicant will normally be able to progress ICS and games testing together.

Live activation is routinely achievable, from the Commission’s side, within six months of initial application. Delivery time is, in practice, dependent on the applicant’s ability to plan and focus- there is little to prevent the Commission from moving at the same speed as the applicant in its progress towards live activation
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October 21, 2017, 04:33:38 PM
 #5536

When the guys plan to get a license?  And I found information here that next Monday there will be a party about getting a license, is that true?
TheNitrix
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October 21, 2017, 04:43:49 PM
 #5537

When the guys plan to get a license?  And I found information here that next Monday there will be a party about getting a license, is that true?

No sharing link, no license. Just pure speculation what your doing now. Let me tell you this, newby. If they knew, Monday will be the-day. The price of Edgeless would slowly grow by few days ago up until now which is NOT the case. Intern people will buy of course for advantage, but no.. it's 7k satoshi.. I wonder if end of the day it will even hit 6k satoshi.

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October 21, 2017, 04:56:12 PM
 #5538

When the guys plan to get a license?  And I found information here that next Monday there will be a party about getting a license, is that true?

https://medium.com/edgeless/an-update-before-a-game-553bcbef99c8

In last update dev will share the status of license before end of current month. I hope we will hear some positive news about that but if anybody can afford to take risk than it's good time where it reached at bottom line.
HermanTheGerman
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October 21, 2017, 05:50:30 PM
 #5539

Since ICO there has been no better point of time to get in this project - buy the rumor and sell the news guys!

Weak hands will regret for sure Wink
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October 21, 2017, 06:43:42 PM
 #5540

EDG didnt get license in Curacao,time to get license is max 1 month.Much better is to get license in Malta
Malta is blockchain and crypto friendly and Europe understend blockchain value has nothing against crypto
About Malta gambling you can read here https://www.coindesk.com/national-economics-gambling-cryptocurrency-perfect-storm/

Malta RNG certification is much more reputable than Curacao
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