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[sana54210]

Now that we know it will be listed and we know that team will be doing some sort of buyback and burn at least we can say there will be some buy pressure from bottom up and the price can't go down way too much. However this excites me so much that its insane, like at one hand I want bet token to worth a lot so I can sell and make a ton of money, but at the other hand I want bet token to drop to zero so I can get all of them .

If the price falls too much I can buy some (anything under 1 dollar is green for me and I will buy as much as I can afford) and if it goes too high than I will sell and than wait for it to drop back to buy some more. I am not very knowledgeable about the dividend deal between, like if we buy bet token than what do we do with it to get more dividends?

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[mu_enrico]

Now that we know it will be listed and we know that team will be doing some sort of buyback and burn at least we can say there will be some buy pressure from bottom up and the price can't go down way too much.

Yes. However, at the same time, the price cannot increase too high because there is a way to get cheaper BET by "mining" on the platform. From the economic sense, the BET price would tend to go to the current base mining cost, i.e., ~0.3 EOS (CMIIW).

However, just like any other coins, guys who get in early could earn BET way cheaper than ~0.3 EOS. Thus would likely to dump if the price can reach that amount.

[cabron]

If the team is going to buy back form binance dex then its not buy back program, its going to be offered to all.
A buy back program has specific price from the team and which wallet it goes. Since they are going to be doing that in the dex, may we know which wallet they are going to store and burn these tokens?

Now that we know it will be listed and we know that team will be doing some sort of buyback and burn at least we can say there will be some buy pressure from bottom up and the price can't go down way too much.

Yes. However, at the same time, the price cannot increase too high because there is a way to get cheaper BET by "mining" on the platform. From the economic sense, the BET price would tend to go to the current base mining cost, i.e., ~0.3 EOS (CMIIW).

However, just like any other coins, guys who get in early could earn BET way cheaper than ~0.3 EOS. Thus would likely to dump if the price can reach that amount.

I thought it needs 20EOS to earn 1 BET in the platform. 

[sockpuppet1911]

Rather then trading competition on binance dex, i would like to see betting competition if the buyback money really comes from dividends account

[mu_enrico]

I thought it needs 20EOS to earn 1 BET in the platform. 

Yes, that is correct. You need to wager 20 EOS to earn 1 BET.
However, keep in mind that it is not the same as buying 1 BET with 20 EOS.

Depend on your luck. If you play the game long enough, you will lose only 1.5% (house edge). Hence, ~1.5% * 20 EOS = ~0.3 EOS.
If all token was acquired this way, we can expect the price should be more than 0.3 EOS because of risk, energy, and time involved in "mining."

[barbara44]

20 eos of betting but considering the house edge is %1.5 it comes down to 0.3 on average loss, of course some people may lose more or some people even profit but the average comes down to 0.3 eos total for one bet token. There will be people who got it for cheaper and they will sell it but there will be people who lost more who will keep it so in the end we will have a price that will go down for a while but then keep steadily go up because people who got it cheap will eventually run out but people who lost more will keep hodling their coins until the price hits to a profitable range.

This is more of a long term play for holders, you have to trust that the casino will continue to be great and you have to keep getting your dividends and on top of that have a chance to sell later, so if you hit a profitable mark with your dividends at whatever price you sell will be pure profit.

[target]

20 eos of betting but considering the house edge is %1.5 it comes down to 0.3 on average loss, of course some people may lose more or some people even profit but the average comes down to 0.3 eos total for one bet token. There will be people who got it for cheaper and they will sell it but there will be people who lost more who will keep it so in the end we will have a price that will go down for a while but then keep steadily go up because people who got it cheap will eventually run out but people who lost more will keep hodling their coins until the price hits to a profitable range.

This is more of a long term play for holders, you have to trust that the casino will continue to be great and you have to keep getting your dividends and on top of that have a chance to sell later, so if you hit a profitable mark with your dividends at whatever price you sell will be pure profit.

There's the bright side to the casinos though and its them that always win. Holding BET tokens is like part of being the house and the odds are always stacked in casinos favor. Now that the project is going to be listed in a reputable exchange, the project can easily get support for the marketing which is what it will need for dividends and price to riseup.

[CryptoCheckk]

The latest update on the Binance DEX listing:

https://steemit.com/binance/@eosbet/binance-dex-listing-additional-details

[sockpuppet1911]

The latest update on the Binance DEX listing:

https://steemit.com/binance/@eosbet/binance-dex-listing-additional-details

I don't get the swap process. Can i move bet tokens that i buy from binance.org directly to my eos account, or does it have to be the eosbet account?

[CryptoCheckk]

The latest update on the Binance DEX listing:

https://steemit.com/binance/@eosbet/binance-dex-listing-additional-details

I don't get the swap process. Can i move bet tokens that i buy from binance.org directly to my eos account, or does it have to be the eosbet account?

Well the Binance DEX has it's own blockchain, while EOSBet is on EOS blockchain. So if you want to get BET tokens to or from the exchange it needs to be swapped to transfer them cross blockchain. Doesn't matter if it's EOS account or EOSBet account.

[mu_enrico]

I don't get the swap process

This is quite interesting actually. The process is called mint/burn.

AFAIK when a user transfers one coin from another chain to EOSBet, let's say BTC, one BTCEOS token (https://bloks.io/tokens/BTC-eos-eosbettokens) then minted on the EOS blockchain. Meanwhile, the actual BTC is held in the "bank."

After that, a user can use this BTCEOS token to play various games on EOSBet platform.

Conversely, when a user transfers one BTCEOS token to BTC chain, the "bank" send the real BTC, then one BTCEOS token is burned.

The dev said that this mechanism BTCEOS & BTC also applied to BETDIVIDENDS (EOS chain) & BET-844 (Binance chain), but not exactly the same.

[sockpuppet1911]

Thanks, also if i have understood correctly, buyback comes from the dividends account? Or 50% of what we are supposed to get in dividends. And dividends are lowest in a long time so i am interested to see how that plays out.

[CryptoCheckk]

Thanks, also if i have understood correctly, buyback comes from the dividends account? Or 50% of what we are supposed to get in dividends. And dividends are lowest in a long time so i am interested to see how that plays out.

They explained it in telegram a bit further (you should really join if you haven't already, you can read it all first hand):

Buyback will come from the team fund, meaning 50% of what accrues in "eosbetcldstr" starting next week will go toward the buyback.

[game-protect]

@extremely mentally ill and or brain dead

1)

So, we got rejected from Binance dex. I didn't really care about that anyway, but what is the next step for Eosbet now? Maybe EosFinex?

2)

No exchange wants to list their BET fantasy token furthermore confirms that EOSBet generates a very low revenue and profit.

Of course can EOSBet lie here on the forum about millions profit and lifetime revenue share, but if you request the listing of tokens, then some basis checks are made and they obviously failed!

[electronicash]

i did all the troubles to look up the market in binance dex but there was nothing in there. i tried asking what the price is in binance, i was interested to know and the reason why no one answer is that its no available in the market still. i'd like to see people dump the tokens in the market so we can finally see the real price.  users had swapped thier coins, is binance not pairing it yet?

[o48o]

@extremely mentally ill and or brain dead

1)

So, we got rejected from Binance dex. I didn't really care about that anyway, but what is the next step for Eosbet now? Maybe EosFinex?

2)

No exchange wants to list their BET fantasy token furthermore confirms that EOSBet generates a very low revenue and profit.

Of course can EOSBet lie here on the forum about millions profit and lifetime revenue share, but if you request the listing of tokens, then some basis checks are made and they obviously failed!

Lol, try to keep up and read new messages. They have already listed to binance dex. Trading starts tomorrow.

[bittraffic]

Strange that game-protect supported BEThash and not EOSBET.

Hello!
In order to get a passive income, you need to stake your HASH tokens.

How do I stake my HASH Tokens?

There is very little difference between the two, both are casinos only this bethash sends dividends to some altcoins that you may not expect like IOST and LYNX. 
He despise EOSBET but support bethash which has the same concept and god knows what sort of CURACAO license does bethash have.

[sockpuppet1911]

Strange that game-protect supported BEThash and not EOSBET.

They had 100 free spins for newcomers or something like that. It just might be that game-protect is poor and he wanted free spins and now to wants to stake his winnings. After he realizes that he won't get enough by staking he'll start ranting to them too .

Or maybe eosbet should offer free rounds for newbs

[mu_enrico]

There is very little difference between the two

The difference is enormous since both have a different concept, i.e., block hash vs smart contracts.
I think GP only wanted to troll BetHash.

i did all the troubles to look up the market in binance dex but there was nothing in there

Fuckin hell, just scroll up a bit and you shall find the answer.

Or maybe eosbet should offer free rounds for newbs

Yeah, some users want to test the games before place real bets. Perhaps they should create a test token like FRD in MintDice.

[gambling4life]

great listing!!!!!!looking forward to some promo events!