FreeCash - the first casino that has a winners-only policy!

[FreeCash Official]

FreeCash-the first casino that has a winners-only policy!

The world's first free gaming platform, powered by crypto mined on phones.



Winning millions without spending any money is now possible for everyone

The FreeCash Online Casino does not allow anyone to deposit any cash or crypto, but instead allows players to use crypto-currency mining to generate gaming credit. Players can then freely gamble their gaming credit to amass fortunes!




The FreeCash Wallet is the gateway to PRIZEs

Players earn game credits by mining CPU coins like Monero, and Electroneum for the FreeCash mining pool. Their gaming wallets maintain how many credits they own from mining and playing, and they can redeem their game credits for PRIZE tokens which can be held in their managed game wallets, or – for the more advanced crypto enthusiast – sent to their ERC20 token compatible addresses.




The PRIZE token is an advertising and in-app purchase utility token.

Players cash out of games with the PRIZE token, and can use it to exchange for rewards from advertisers, like gold, cars, or other products and services. Alternatively they can transfer the PRIZE token to their own wallets and convert it to other crypto currencies.

FreeCash - the first casino that has a winners-only policy!

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[drmilind2004]

FreeCash - the first casino that has a winners-only policy!

I am sure you are on the level; but, imho, the only long term winner in the gambling business is the house.

[Zebash!]

Hi! Interesting point, by not charging players a penny to play at all, they really lose nothing but their mined tokens. And if they lose them, they will simply mine more to play again! It's the only way that players are in with a chance to win millions just using their devices mining power!

[Zebash!]

i remember there was a similar post already, double posting is not allowed

Hey, not us. Please report the other one.

[AT101ET]

i remember there was a similar post already, double posting is not allowed

Hey, not us. Please report the other one.

Who was the other poster? How did they post the same thing before your own (official?) ANN?

[Vod]

Winning millions without spending any money is now possible for everyone

Free energy?   

[Zebash!]

Hi, we talk about this in the whitepaper. Our target segment, often charge their phones at work, university, coffee shops for example, or in their cars. Users are able to change the rate in which they mine to preserve power.

[Zebash!]

i remember there was a similar post already, double posting is not allowed

Hey, not us. Please report the other one.

Who was the other poster? How did they post the same thing before your own (official?) ANN?

We think it was an admin at agency we are using. Just chasing with them. We have no access to that Ann!

[buwaytress]

Yep, this was already announced, and I see that you've made a post there to redirect here. Might want to contact that marketing agency. Did a bad job if they posted the wrong links (since it was down for all of us who tried then).

Following up from comments in that thread, my question remains: why do an ICO? The product seems simple enough to build. Someone thought you might do a bankroll, but if you're only allowed to bet micro amounts, surely you don't really need a big bankroll that couldn't anyway be built from all them players mining?

[Zebash!]

Yep, this was already announced, and I see that you've made a post there to redirect here. Might want to contact that marketing agency. Did a bad job if they posted the wrong links (since it was down for all of us who tried then).

We have dealt with our side. Annoying!

Following up from comments in that thread, my question remains: why do an ICO? The product seems simple enough to build. Someone thought you might do a bankroll, but if you're only allowed to bet micro amounts, surely you don't really need a big bankroll that couldn't anyway be built from all them players mining?

It’s a good question. The reason for the token sale is because our token provides our customers with access to crypto markets. We are targeting and expecting a lot of our customers to be new to the crypto space – they are unlikely to have a crypto wallet and may not even understand the digital asset space. Our token, Prize, will be their access token to crypto markets. While on FreeCash, they are gaming with their hashes they have no means to redeem their wins other than through a conversion to PRIZE which will then allow them access to other crypto redemptions or alternative prizes!

The raise is required to raise funds for marketing and to build an advertising/prize ecosystem as part of Phase 1. Acquisition of consumers is an expensive business as we need to offer lucrative prizes and incentives to take part (successful businesses like Amazon, and uber perform heavy discounting/promotion as part of similar mass customer acquisition campaigns). If we were just a mining platform, on day 1 with only a small number of players (i.e. less than a few hundred thousand) the prizes we can offer would not be very significant, and so incentive to join the pool would likely be restricted to enthusiasts only. With a healthy marketing corpus we can offer attractive prizes from the day of launch (e.g. $25,000 slot machine payout, or $100,000 lottery payout) with the user not having to commit any funds or do anything other than play our games on their phone.

We feel that tokensation is an important part of our ecosystem. The ICO token, PRIZE, is designed to provide access to the gamers in the form of advertising. The logic is that with a large volume of players, consumer product and service companies will want to get in front of them and feature themselves as aspirational items to own or use. FreeCash offers this visibility by enabled the sponsor to pay a reasonable amount to position the product in front of the player, and also obtain promotional/social-media coverage when it is awarded to the winners that cash out with it. Advertisers bid for access to the cash-out/prize section of the game using the token via a smart contract.

The prize awards, and associated social media marketing are intended to then drive awareness with new potential gamers, further increasing the volume of players - which in turn is expected to drive more demand from advertisers to get involved.

Thank you for taking the time in coming back to us on the correct ANN!

[SFR10]

I really like the idea but at the same time, didn't like the mining part (partly):
- In a way, you're encouraging users to mine using their cell phone devices (regardless of the fact that they can choose its rate, it's not safe [especially if you have a Samsung device ]).

[Zebash!]

I really like the idea but at the same time, didn't like the mining part (partly):
- In a way, you're encouraging users to mine using their cell phone devices (regardless of the fact that they can choose its rate, it's not safe [especially if you have a Samsung device ]).

Thanks for your comment! I can understand your point of view about mobile mining especially with Malware like "HiddenMiner" (https://www.techrepublic.com/article/android-monero-mining-malware-can-destroy-phones-and-its-nearly-impossible-to-remove/)!

However, the phones our gamers use are an important part of our network! We want to avoid any negative press about damage being caused, so our apps are designed to monitor heat and battery usage - and will either automatically stop the mining process, or actively alert the user to any issues (depending on their settings). And of course, we will always keep the user in full control of the intensity of the mining.

We've also designed it so that users can mine on devices like their desktops, and then spend from their mobiles - so they don't necessarily have to mine on their phones either.

[shield132]

I really like the idea but at the same time, didn't like the mining part (partly):
- In a way, you're encouraging users to mine using their cell phone devices (regardless of the fact that they can choose its rate, it's not safe [especially if you have a Samsung device ]).

It's dangerous especially if you have samsung galaxy note 7.
OP anyone can mine and directly send on any gambling website's wallet, so what's difference? Being in your pool?
What you promise people may sound well for them who are looking for a ways to become rich in seconds or by gambling but finally, you create this to make yourself rich and remember that  people are poor because other people are rich.

[stomachgrowls]

I really like the idea but at the same time, didn't like the mining part (partly):
- In a way, you're encouraging users to mine using their cell phone devices (regardless of the fact that they can choose its rate, it's not safe [especially if you have a Samsung device ]).

Why not mention Replica,Class A, Recon units? 

Winning millions without spending any money is now possible for everyone

Free energy?   

Thats already anticipated and just indirectly talking about free things and only blind person cant able to see it.

[Zebash!]

I really like the idea but at the same time, didn't like the mining part (partly):
- In a way, you're encouraging users to mine using their cell phone devices (regardless of the fact that they can choose its rate, it's not safe [especially if you have a Samsung device ]).

It's dangerous especially if you have samsung galaxy note 7.
OP anyone can mine and directly send on any gambling website's wallet, so what's difference? Being in your pool?
What you promise people may sound well for them who are looking for a ways to become rich in seconds or by gambling but finally, you create this to make yourself rich and remember that  people are poor because other people are rich.

Again, good question. We will be be marketing this to the mass market as well as crypto enthusiasts. The mass market players, will play for usual rewards associated with online gaming, but free! We are working with an industry leading content provider, supplying the industry standard games (slots, lotteries and card games) and offer a win rate that keeps players engaged. Unlike the usual casinos, they never stake their own money. This will be marketed as a TRULY FREE casino. Sure, they win and lose, but as it is free, they do not risk their hard earned money.

As for our mining pool there are obvious benefits of that. But, mining on mobile devices is not that profitable, but by adding a large prize pool and a decent win rate, there is more incentive to play for longer.

In Stage 2 of the project, we will develop a consortium chain, allowing users and operators to build their own games on our platform!

[Vod]

I don't know if this will work.  Have you ever tried mining Monero? 

Why would someone sit and wait for an hour while their computer screams and fans whirl just to get ten cents to play with?  Or watch their phone battery drain 50%?

And suggesting others steal electricity from their employers is not a good idea...

[pointofreason]

I don't know if this will work.  Have you ever tried mining Monero?

Why would someone sit and wait for an hour while their computer screams and fans whirl just to get ten cents to play with?  Or watch their phone battery drain 50%?

That's a great point! It was actually the motivation to do it the way we are - which is, people are not playing with the final output of the mined results. The final results from a mining pool take a long time to accumulate and then there are withdrawal or transfer fees etc. Instead we are letting them play with the "hashes" they have contributed to the pool the moment they submit them. So this means that the average user on a low powered machine can usually start playing in under a minute.

But I definitely resonate with your point - if you mine monero yourself, it is painstakingly slow to earn anything (by design of course), and doesn't seem particularly rewarding. However, if you were to use a little bit of your available resource and then use that to play against other pool members, then you can stand to win a lot more!

[Vod]

What is the reason you keep creating new accounts to answer questions?   

[pointofreason]

What is the reason you keep creating new accounts to answer questions?   

I'm a different team member!

[Zebash!]

What is the reason you keep creating new accounts to answer questions?   

Just to clarify, pointofreason and I will be checking questions and discussing the project regularly. The announcements and updates will be made from freecashofficial.