Mods, Is Game Credit counted as an altcoin for a crypto casino in this forum?

[sujonali1819]

Hi, Maybe you can understand after seeing the title. Yes, Mods can you please make us clear about it? For a casino, is game credit counting as an altcoin in this forum? Yesterday Owl.games ran a giveaway in the games and round section. They wanted to giveaway 100$ USDO/user which is game credit and will be transferred to BTC after meeting the wagering requirements. USDO is just the name of the credits. It could be BTCO too. No difference here.

In the campaign thread, they asked username or wallet address to just only identify the user's account. They will send the game credit directly user's wallet. Because this USDO is just a name they used for BONUS/GAME credit. Don't have any chain or it's not building under any chain like BSC , ETH etc.

Today, Owl.games told that they are banned for running the giveaway. So what's the solution? They were not run an altcoin giveaway. Mods can you please explain the reason of the banned?



Note: I am a Campaign Manager of owl.games Signature campaign.

[PX-Z]

I bet this is misunderstanding on the side of mods the USDO is known as US Dollar Owl and as game credits in the owl.games platform and not an altcoin. It can be converted to bitcoin in the platform too.

The reason of the ban is because of misunderstanding of it being an altcoin.
Altcoin giveaways in games and rounds is not allowed^[1]. So it was moved to bounties altcoins, and there is a rule^[2] there that making giveaways is prohibited and will cause a ban which came to an end to the owlgames account.
I guess mods should withdraw the ban and recover the giveaway thread to games and rounds.
Here's the thread^[3] in subject btw.

[1] https://bitcointalk.org/index.php?topic=5341846.0
[2] https://bitcointalk.org/index.php?topic=2103687.0
[3] https://ninjastic.space/topic/5411778

[mprep]

If the game credit data / balances (even if it isn't transferable to other users) is recorded on an existing blockchain (e.g. Ethereum), then IMO no, it's a token and it's not allowed. If the game credit is recorded on a centralized database, then it's allowed if users can without exchanging to other altcoins, exchange them to BTC. From the looks of things (based on the Ethereum addresses being posted, mentions of the casino being "a Multi-Chain DAO" and an "iGaming solution for Web 3.0", referencing their casino being a "blockchain-based engine", being able to sign up with EVM coin wallets / the usual dApp "Connect" functionality, etc.), it seems like the casino is a dApp and thus I assume the game credit would be recorded as non-transferrable tokens.

[sujonali1819]

If the game credit data / balances (even if it isn't transferable to other users) is recorded on an existing blockchain (e.g. Ethereum), then IMO no, it's a token and it's not allowed. If the game credit is recorded on a centralized database, then it's allowed if users can without exchanging to other altcoins, exchange them to BTC. From the looks of things (based on the Ethereum addresses being posted, mentions of the casino being "a Multi-Chain DAO" and an "iGaming solution for Web 3.0", referencing their casino being a "blockchain-based engine", being able to sign up with EVM coin wallets / the usual dApp "Connect" functionality, etc.), it seems like the casino is a dApp and thus I assume the game credit would be recorded as non-transferrable tokens.

As I know from the team USDO is a game credit that is Credited on a centralized database, not a blockchain.
It is not transferable even not exchangeable, on this contest 100 users will have the chance to participate and try to complete the wagering requirements of 50x, once completed these users can withdraw a max cashout of $100 in Bitcoin.

Can you please explain what specific terms of this contest are in conflict and if there is any need to reframe the contest in order to post it here? This will help a lot.

[dkbit98]

Today, Owl.games told that they are banned for running the giveaway. So what's the solution? They were not run an altcoin giveaway. Mods can you please explain the reason of the banned?

It's obviously Owl mistake, however I think they should be unbanned or permaban should be changed to temp-ban, but they should be very careful with making any giveaways in future, they should do it in correct board following forum rules.
In the same time we have people who are not banned for obviously doing multiple ban evasions and other offences, so there should be some common sense here.

If the game credit data / balances (even if it isn't transferable to other users) is recorded on an existing blockchain (e.g. Ethereum), then IMO no, it's a token and it's not allowed. If the game credit is recorded on a centralized database, then it's allowed if users can without exchanging to other altcoins, exchange them to BTC.

I could argue that ethereum and most other blockahins with their tokens are already centralized-ish, some of their tokens and stable coins can be frozen at any time.
It's more or less centralized database theater.

As I know from the team USDO is a game credit that is Credited on a centralized database, not a blockchain.
It is not transferable even not exchangeable, on this contest 100 users will have the chance to participate and try to complete the wagering requirements of 50x, once completed these users can withdraw a max cashout of $100 in Bitcoin.

Ask them to send you exact information about USDO game credits, and than post all details here.

[sujonali1819]

Ask them to send you exact information about USDO game credits, and than post all details here.

You can see the exact info about USDO here - https://blog.owldao.io/?p=302

[mprep]

Ask them to send you exact information about USDO game credits, and than post all details here.

You can see the exact info about USDO here - https://blog.owldao.io/?p=302

The linked article mentions that it's a "token that works as game credits within the OWLDAO casino ecosystem" and that you should "connect your credited wallet to Owl.Games casino" to claim the USDO. This doesn't explain anything in regards as to how the token is recorded on a regular database and seems to imply the exact opposite. However, if they can explain as to how USDO is recorded on a centralized database and how that interfaces with their multi-chain casino dApp, I'll unban them and restore the thread.

Today, Owl.games told that they are banned for running the giveaway. So what's the solution? They were not run an altcoin giveaway. Mods can you please explain the reason of the banned?

It's obviously Owl mistake, however I think they should be unbanned or permaban should be changed to temp-ban, but they should be very careful with making any giveaways in future, they should do it in correct board following forum rules.
In the same time we have people who are not banned for obviously doing multiple ban evasions and other offences, so there should be some common sense here.

The ban isn't permanent.

[sujonali1819]

The linked article mentions that it's a "token that works as game credits within the OWLDAO casino ecosystem" and that you should "connect your credited wallet to Owl.Games casino" to claim the USDO. This doesn't explain anything in regards as to how the token is recorded on a regular database and seems to imply the exact opposite. However, if they can explain as to how USDO is recorded on a centralized database and how that interfaces with their multi-chain casino dApp, I'll unban them and restore the thread.

To make it more easier I have to say that It is not tradeable, is not exchangeable, it can only be viewed inside the platform.

For example if you give them your wallet address they will credit you xxx USDO, But you can not see any transaction on blockchain. It only visible inside the platform when You will log in through email password/ connect your wallet.

Btw If it’s not enough then I will ask the info from owlgames team. What will be procedure then? Should I post it here? Or suggest me a way please.

Thank you.

[dkbit98]

For example if you give them your wallet address they will credit you xxx USDO, But you can not see any transaction on blockchain. It only visible inside the platform when You will log in through email password/ connect your wallet.

Than what's the point of using blockchain addresses for this tokens?
It's better to associate them with account username or ID number to avoid confusions like this, but if we can't find any USDO tokens on blockchain than it's not really a token or altcoin.
This is 100% centralized, but I still think this Owl giveaway should have been moved to a different topic.

[sujonali1819]

For example if you give them your wallet address they will credit you xxx USDO, But you can not see any transaction on blockchain. It only visible inside the platform when You will log in through email password/ connect your wallet.

Than what's the point of using blockchain addresses for this tokens?
It's better to associate them with account username or ID number to avoid confusions like this, but if we can't find any USDO tokens on blockchain than it's not really a token or altcoin.
This is 100% centralized, but I still think this Owl giveaway should have been moved to a different topic.

Yes, You are right. I will ask them to use username or ID number. The wallet address is only the thing created the confusions.

[mprep]

The linked article mentions that it's a "token that works as game credits within the OWLDAO casino ecosystem" and that you should "connect your credited wallet to Owl.Games casino" to claim the USDO. This doesn't explain anything in regards as to how the token is recorded on a regular database and seems to imply the exact opposite. However, if they can explain as to how USDO is recorded on a centralized database and how that interfaces with their multi-chain casino dApp, I'll unban them and restore the thread.

To make it more easier I have to say that It is not tradeable, is not exchangeable, it can only be viewed inside the platform.

For example if you give them your wallet address they will credit you xxx USDO, But you can not see any transaction on blockchain. It only visible inside the platform when You will log in through email password/ connect your wallet.

Btw If it’s not enough then I will ask the info from owlgames team. What will be procedure then? Should I post it here? Or suggest me a way please.

Thank you.

Hmm... While I still have my doubts about whether this is a token as per the altcoin definition, I've unbanned them. While you could claim USDO is a token (I'd still need some technical details to confirm or deny that), it doesn't seem to resemble a cryptocurrency (or a currency in general) in function.

I've also messaged theymos for a clarification and if he gives the go ahead, I'll restore the thread as well. If not, I'll post here about it as well.

EDIT: I've received a response from theymos. He did not give the go ahead for the giveaway and as such the thread will remain trashed (although the ban will not be reinstated due to this being a borderline case). If they want to give away USDO, they should do so without requiring users to post to claim it (e.g. accepting entries via PM) and post it Bounties (Altcoins).

[dkbit98]

If they want to give away USDO, they should do so without requiring users to post to claim it (e.g. accepting entries via PM) and post it Bounties (Altcoins).

It's compromise solution, but I still don't get it why they should post giveaway in Bounties-Altcoins section for something that is not actually altcoin
Maybe because 100$ USDO equals 100$ us dollars (and other stable coins) if I understand correctly, and I don't really know how exactly they are calculating real value for 1 USDO.
This looks like a grey area so maybe we need special board for posting stuff like this.... anyway I think it's good they got unbanned quickly.

[mprep]

If they want to give away USDO, they should do so without requiring users to post to claim it (e.g. accepting entries via PM) and post it Bounties (Altcoins).

It's compromise solution, but I still don't get it why they should post giveaway in Bounties-Altcoins section for something that is not actually altcoin
Maybe because 100$ USDO equals 100$ us dollars (and other stable coins) if I understand correctly, and I don't really know how exactly they are calculating real value for 1 USDO.
This looks like a grey area so maybe we need special board for posting stuff like this.... anyway I think it's good they got unbanned quickly.

Because beyond vague unproven statements, there's little evidence for me to treat USDO as a non-transferrable token. If owlgames can prove that their multi-chain casino records USDO balances and other data on a centralized database (and said centralized database doesn't interface with any smart contract) as opposed to on a blockchain, they're free to post the thread in Games and Rounds provided that they don't require users to post altcoin addresses (so just usernames or emails) and that they refer to the thing being given away as game credit as opposed to USDO.