When it comes to business decision, you don't decision that you have not thought through and that is evidenced in the post you made about wanting putting a price tag on the site, that alone is an evidence contradicting what you have here as looking for investors irrespective of what your intentions might be, we don't read intentions we rely on facts this won't go away soon because someone else will still ask you.
On the creation of sites based on bustabits and because of that, you decided to use XRP without knowing if the majority of the market are ready for that shows an uninformed decision. You didn't even try to make it ETH which is fairly popular that can be exchange directly to fiat in some exchange sites. I like your responses to queries so far but since the house always win, how possible that you are in negative no matter the low maximum bet?
We have a 0-1% house edge so we are suppose to make a profit over time, Our bankroll is small and there is alot of variance in the site profit right now, If we had a higher max bet then $15 then players with higher balances would not be able to control their play style as well. I choose XRP for a reason, There already is a bustabit clone for ETH, LTC, ETN, LTCC So i choose the next most popular currency in my opinion. I wanted the site built on STEEM but we figured out it was not possible.
@XRPBust. But why would you want me to use an inferior and a less accepted cryptocoin to gamble? If I want to use XRP just to gamble, I would have to go to an exchange and use my bitcoin to buy xrp, then after gambling, convert it back again to bitcoin.
Why not use bitcoin? It is better and more merchants accept it.
Your question is valid and that's why most of the big gambling sites always start with bitcoin to gambling and slowly they will add other altcoins.
Using Bitcoin to gamble is the same as using XRP to gamble
You can get both on the most popular exchanges (binance, bittrex) .
Playing game may be same but just to gamble on your exchange not many people are interested to convert their BTC to XRP and it also adds additional conversion and transaction fee cost to players. So you may consider providing a conversion facility on your site for better convenience.
We will be working to add a quick conversion method from any coin to XRP , The reason the game is XRP only is because
there is a popular version of this site called bustabit and all we did was convert it to use XRP. I know this may not be the best place to advertise a XRP site but Ripple has one of the biggest community's aside from bitcoin.
There are plenty of dice gambling sites so don't worry about your competitors. You need to provide a more convenient way to gamblers to chose which coin they want to use. So you can't miss the main crypto coin BTC. If you add this coin then you may see more traffic to your site.Your site name can be XRP burst but you can always allow people to choose either BTC or XRP and conversion option between these two coins will be better for your site.
Thanks for the idea, We will be adding some kind of easy conversion method soon