DAO.Casino to Launch Token Sale Today

[tyz]

DAO.Casino, a project developing a universal blockchain-based protocol for online casinos, will be launching its token sale that seeks to raise funds for further development of its product.

The campaign, which launches at 01:00 PM GMT, will last until July 26th, 2017 or until its cap is reached, whichever occurs earlier. The project seeks to raise $25 million worth of ETH (83333,33). Thanks to the recent release of a minimum viable product for its protocol, the team decided against setting a minimum cap as the MVP would allow them to roll out the protocol in any case.

http://bitcoinist.com/dao-casino-to-launch-token-sale-today/

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[michkima]

Interesting project, I am sure to check it out later today. Though problem I have with this is they are accept only ETH, as far as I know, and there is really a cost of converting btc to ETH. Though I'll weigh if it is worth the cost though, as I think it could be a good project for the long run.

[newIndia]

Another

$25 million worth of ETH (83333,33).

will be wiped out of the market.

[Food2]

Apparently, they sold a crapload in the presale.

Congrats to the devs. I will be investing later on, hope it'll be worth it!

[adaseb]

Another

$25 million worth of ETH (83333,33).

will be wiped out of the market.

$25 million is actually consider low for ETH ICOs. The Bancor was like $150,000,000 and the one last week, Status or something was another $90,000,000. Its really crazy these large amounts that are being raised.

I think many people that are investing in these ICOs are the ones who bought ETH at $10 and figure it might be worth the risk.

[newIndia]

$25 million is actually consider low for ETH ICOs. The Bancor was like $150,000,000 and the one last week, Status or something was another $90,000,000. Its really crazy these large amounts that are being raised.

Those were max cap. Did they able to raise that amount?

I think many people that are investing in these ICOs are the ones who bought ETH at $10 and figure it might be worth the risk.

Part of the funding is definitely coming from owner's own pocket to be a breaking news in market. Apart from that there are also people of similar mindset in early bitcoin world, who invested in scams made by Pirate@40 or Tradefortress. These are greedy hands of every crypto community. They dont create the HODLer class.

[adaseb]

$25 million is actually consider low for ETH ICOs. The Bancor was like $150,000,000 and the one last week, Status or something was another $90,000,000. Its really crazy these large amounts that are being raised.

Those were max cap. Did they able to raise that amount?

I think many people that are investing in these ICOs are the ones who bought ETH at $10 and figure it might be worth the risk.

Part of the funding is definitely coming from owner's own pocket to be a breaking news in market. Apart from that there are also people of similar mindset in early bitcoin world, who invested in scams made by Pirate@40 or Tradefortress. These are greedy hands of every crypto community. They dont create the HODLer class.

That's basically another theory.

Make a huge $100 million ICO, buy like $50 million of it yourself to create demand, at the same time hedge your ETH with Bitfinex/Poloniex incase its value drops, and after ICO is done the funds are released to you and you get your original ETH back.

[piloder]

Is 25$ million is minimum cap or maximum? If it is minimum than we can't expect exponential price rise when they will be listed on exchange because almost all interested investors will buy this token during ICO and nobody will be willing to pay higher price when listed.

There is no doubt that this project is quite revolutionary but we have to wait for further development, We have seen lots of other projects/ICO before which have failed to deliver what they have promised.

[pizamoi]

I think funfair achieves the goals of daocasino much better. They have already developped a platform and will be licensing it out to operators to use.

[MinerHQ]

On the first day of the token sale, early contributors can buy 2,000 BET tokens for 1 ETH. Is that means these tokens can be used only for betting? Or these tokens can be used to trade on any exchange? Will these tokens listed in any exchange immediately after this sale finish?

Bit confused, need a clarification. If it can be traded then I will consider investing some money into it.

[adaseb]

Well so far its very successful because they have raised over $13,000,000 most likely it will reach the cap of $25,000,000.

Its funny how they capped it in $ value instead of ETH tokens. Probably to protect themselves if ETH starts crashing.

[Tipstar]

Though I don't like things as token which has nearly zero crypto behavior and is privately owned centric (nothing).
But everything's value is based on the users. There seems to be a lot of hard work behind DAO and this is one of the token I would like to deal with.

[slackcryptoz]

That's looks to be a project to make a better perspective in the online casino industry. The promotion was not that effective, else this could have gained more investment. Hope the current investment gained is also good for a better value for the token in the future.

[tyz]

DAO.Casino Raises 50% of Max Cap During the First Day of Its Ongoing Token Sale Campaign

Blockchain-based gambling protocol launched its token sale campaign on June 29, 2017, raises $12 million at the first day. The DAO.Casino token sale campaign has had a very successful start on June 29, 2017 after it raised over $9 million in under half an hour. The blockchain based betting platform is offering this unique opportunity to investors and cryptocurrency community members who are interested in supporting further development of a decentralized protocol for the gambling industry.
The DAO.Casino protocol is already available as an MVP, and with its official launch, the platform is sure to cause a widespread disruption in the entire online gambling industry. The solution created by the company will introduce fairness, transparency and mutual profitability into online gambling, through blockchain technology...more

[Grant Hero]

Has anyone seen the Dao Casino homepage today?  It appears that they have paused their token sale due to vulnerabilities in the Parity wallet.  Ouch...

[MinerHQ]

Has anyone seen the Dao Casino homepage today?  It appears that they have paused their token sale due to vulnerabilities in the Parity wallet.  Ouch...

Here is the complete message for their home page.

DAO.Casino
IMPORTANT ALLERT!
Parity’s multisig feature has a critical vulnerability. You could read more here https://blog.parity.io/security-alert-high-2
Almost all parity multisigs were devastated with including ours;

A swift response from a whitehat hacker group used the same exploit to drain many other project’s parity multisig wallets, INCLUDING OURS, in order to protect them from theft. According etherscan.io our token sale wallet is marked as whitehat. Here is the link: https://etherscan.io/address/0x1dba1131000664b884a1ba238464159892252d3a

In connection with this reason, we temporarily stopped the token sale campaign. More detailed comments will be submited later.
We’ll provide all updates ASAP.

It is better to avoid these ETH tokens purchase for a while. So all pre-sale investors money lost is it?

[TheCoinFinder]

Hola, i was thinking to be in its ico but looks a bit shaddy. is this a warning to keep ourselves safe from dao-casino tokens purchase?
Or if it is is a temporary whitehack markup,  we convene updated news on it as the condition goes.

[klf]

Hola, i was thinking to be in its ico but looks a bit shaddy. is this a warning to keep ourselves safe from dao-casino tokens purchase?
Or if it is is a temporary whitehack markup,  we convene updated news on it as the condition goes.

There are so many coins and ico are there to purchase then why you want to involve which they are not able to secure the funds properly. Whatever the reason but still the fault goes to the team who is managing these funds. My opinion is just to avoid and buy some other coins or ico.

[jpouza]

Hola, i was thinking to be in its ico but looks a bit shaddy. is this a warning to keep ourselves safe from dao-casino tokens purchase?
Or if it is is a temporary whitehack markup,  we convene updated news on it as the condition goes.

There are so many coins and ico are there to purchase then why you want to involve which they are not able to secure the funds properly. Whatever the reason but still the fault goes to the team who is managing these funds. My opinion is just to avoid and buy some other coins or ico.

I share the same opinion, I would keep a distance from the majority of ICOs, since most of them are really showing bad behaviors, to not say other word.

The problem is which one is reliable to invest, also Ethereum is suffering again due to the multi-sig wallets being hacked, I would stay out of those ETH tokens to not get hurt.

It´s always the same thing, investors join in, and near the ICO release, the dev team say it has been "hacked" or something else to stole people´s money.

[Pamadar]

Hola, i was thinking to be in its ico but looks a bit shaddy. is this a warning to keep ourselves safe from dao-casino tokens purchase?
Or if it is is a temporary whitehack markup,  we convene updated news on it as the condition goes.

There are so many coins and ico are there to purchase then why you want to involve which they are not able to secure the funds properly. Whatever the reason but still the fault goes to the team who is managing these funds. My opinion is just to avoid and buy some other coins or ico.

why risking your investment with something that you think that will not perform, there's a lots of ico and there's also other project similar
to this as casino owners are seeing the big potentials if they got something out from ico and use that to support further developments,.