BETGALAXY.IO PROFIT SHARING CASINO - $500 DAILY SLOT RACES - $200,000 POOL

[BetGalaxyADM]

$500 DAILY SLOT RACES - SEE BOTTOM OF POST FOR DETAILS

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BETGALAXY.IO 2.0 PROFIT-SHARING CASINO IS OFFICIALY LIVE
SIGNUP BONUS - WHITEPAPER
TELEGRAM - TWITTER - DISCORD

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Quality In-House Games & Third Party Games

Slots



Dice



Crash



Wheel




Current Promotions

- Reach 3 qualifying referrals, receive $150. (Qualifying referral requires the user to deposit, and wager $10,000)
- Deposit, and mine 10 COSMO, receive 250 GLXY free! (First 500 users, credited to user account's after first dividend distribution)


About Profit-Sharing System

Group 1: Players (COSMO Token)

Every wager on BetGalaxy earns COSMO Tokens, depending on the "mint cost" of COSMO at the time.

Features of COSMO Tokens:
- 50% of house profits distributed to COSMO holders
- Cosmo tokens can only be earned by wagering on betgalaxy.io
- Cosmo tokens get more expensive to mine after every stage
- Cosmo tokens burn after receiving 2X their mint cost
- Please review our Whitepaper for more information.
 

Group 2: GLXY Holders

GLXY holders are token holders that have been carried over from past projects. These tokens are not mineable and can be sold on Pancakeswap or other centralized exchanges.

Features of GLXY Tokens:
-30% of house profits go to GLXY holders
-GLXY tokens earn dividends my getting COSMO tokens
-GLXY will be used for governance in the future

 

Group 3: House

The house earns 20% of the dividend pool.



COSMO Token Mining & Burning

COSMO MINING


COSMO is mined by wagering on any game (in-house games and third party games) on BetGalaxy.

COSMO mining has an escalating price structure, that increases with every 10,000,000 minted tokens. Each stage has 10 levels, and each level within the stage has a price increase associated with it:

Stage 1, Level 1: $0.05 ($5 wagered at a 1% edge, or $1.25 wagered at a 4% edge)
Stage 1, Level 2: $0.1 ($10 wagered at a 1% edge, or $2.5 wagered at a 4% edge)
Stage 1, Level 3: $0.15 ($15 wagered at a 1% edge, or $3.75 wagered at a 4% edge)
…

Each time the stage increases, the cost per level increases by an additional $0.05

Stage 1: +$0.05 per level
Stage 2: +$0.1 per level
Stage 3: +$0.15 per level
…

With BetGalaxy 2.0, we have “Mint Cost”, this number implies the amount of money each token should cost to mine.

COSMO RECYCLING / BURNING

Other profit-sharing casinos have struggled to combat dilution. Early players earn tons of the in-house token like COSMO and become leeches on the profit from the rest of the sites existence. We have solved this.

How does it work?
Each day, there will be a “Decay Rate”, the Decay Rate is always 2x whatever the current Mint Cost is for the stage/level. So during Stage 1: Level 1, the Mint Cost is $0.05, and the Decay Rate is $0.1, and on that day for every $0.1 you receive from Dividend rewards, 1 of your tokens will decay and recycle.

Does it benefit to get in early?
Yes! It absolutely benefits to get in early, because the more Mint Cost increases (the more levels that are completed) before you have decayed your entire supply, effectively grants additional returns above the 200% that you are guaranteed to receive at minimum.

Does dilution become a problem?
It does not, because of how this system works, there will always be tokens decaying and reducing the supply of tokens that are sharing the dividend pool. This allows for a constant sustainable reward system for miners. Regardless of what stage/level they enter, they will earn 200% back, at minimum.

What happens to recycled tokens?
Tokens that are recycled are added to additional stages at the end of the mining model. Currently there are 10 stages with 10 levels per stage, the tokens that are temporarily burned are added as stages to the end.

Profit-Sharing Mechanics




Our dividend pool will consist of all currencies that are playable on the platform. The dividend pool contains all total profit of the platform (losses minus wins). All players earn dividends in all available currencies.

Each day, 3% of the total dividend pool will distribute to all COSMO holders. This will credit directly to their balances on BetGalaxy.io

97% of the dividend pool carries over to the next day.


Investment Opportunity

With this change, brings a opportunity for new investors to get into a high quality product, offering a unique, and consistently profitable reward model that should be very attractive.

-   200% Guaranteed Minimum Return on Mining
-   Active dilution fighting ecosystem.
-   Over 3,000 Game offerings, generating revenue from players across the globe.


Roadmap

December 2021
-   Bring BetGalaxy 1.0 offline to begin implementing BetGalaxy 2.0 upgrade. ✅
-   Release BetGalaxy 2.0 Whitepaper ✅
-   Apply for IDO Launchpad (BSCPad, BinStarter, among others) ✅

January 2022
-   Announce Release Day for BetGalaxy 2.0 ✅
-   Social Media and Marketing Campaign for BetGalaxy 2.0 ✅
-   Launch BetGalaxy 2.0 ✅

February 2022
-   Re-Launch Perk Station with new perks that correlates with the 2.0 model.
-   Re-Launch Cashback system that correlates with the 2.0 model.

Summer 2022
- Innovative Sports Betting is the Top Priority
- Launch major expansion for BetGalaxy. Voted on by Governance. Poker Room, Metaverse Casino, etc. The options are limitless!



Greetings Cosmonauts!

🚀Slot Races are LIVE!🚀

🏁First race begins at 10PM EST tonight (in 2.5 hours from now!)

- The event type is ‘Top Wagered’

- The event runs every day with a 24-hour duration

- Flat prize pool, $500 total, paid out to 20 winning spots

- The daily race ends at 10 PM EST (New York Time)

- Prize payouts are made every day at 10 PM EST (New York)

- The prize is paid in BUSD instantly at the conclusion of the daily event

- Prizes deduct from the BUSD dividend pool

- No minimum wager amount or multiplier minimum to qualify

- All the games and providers are eligible (no blacklist)

Prizes breakdown
1st: $150
2nd: $100
3rd: $50
4th: $40
5th: $30
6th: $20
7th: $15
8-11th: $10 each
12-15th: $7.5 each
16-20th: $5 each

May the best racer(s) win!

🎩ADMIN🎩

[BetGalaxyADM]

I was wondering if we could get more details about the new token and it's dilution effects. The burning seems very promising, but I was wondering if any scenarios have been modelled out to see how it compares to not burning models.

Comparing with traditional models... any burning is better than no burning. This model allows for a consistent recycling of the dilution of the tokens receiving dividends, and thus any dilution problems that do occur, are self-resolving over time. Ultimately eliminating the dilution problem entirely.

[BetGalaxyADM]

That's really great to here. I see a lot of sites have tried burning mechanics and they don't work.

I've seen some auction games, but they barely do anything.
Even crypto's and DeFi run into burning problems like Cake, their supply keeps mooning.

I think the dilution rate is set at a good spot to not let the early guys endlessly earn profits but to still earn big profits.

I think GLXY is also not important to everyone right? This token is just carrying forward previous holders of a previous project? So newcomers can just mine without worrying about that?

We agree, the decay rate allows for a mathematical method to prevent any dilution problem from ever becoming a threat to the model.

And correct, GLXY is not required or important for new players. It is our token holders who have been invested in our success for the past few years.

[24Kt]

That's really great to here. I see a lot of sites have tried burning mechanics and they don't work.

I've seen some auction games, but they barely do anything.
Even crypto's and DeFi run into burning problems like Cake, their supply keeps mooning.

I think the dilution rate is set at a good spot to not let the early guys endlessly earn profits but to still earn big profits.

I think GLXY is also not important to everyone right? This token is just carrying forward previous holders of a previous project? So newcomers can just mine without worrying about that?

We agree, the decay rate allows for a mathematical method to prevent any dilution problem from ever becoming a threat to the model.

And correct, GLXY is not required or important for new players. It is our token holders who have been invested in our success for the past few years.

When will your gambling site be online? Because from the OP, I haven't seen the link yet for your casino. Also, it means, there are already token holders for this GLXY. Can you share the contract address if it is already available? As you said above, you already have token holders who invested in the past years.

[BetGalaxyADM]

That's really great to here. I see a lot of sites have tried burning mechanics and they don't work.

I've seen some auction games, but they barely do anything.
Even crypto's and DeFi run into burning problems like Cake, their supply keeps mooning.

I think the dilution rate is set at a good spot to not let the early guys endlessly earn profits but to still earn big profits.

I think GLXY is also not important to everyone right? This token is just carrying forward previous holders of a previous project? So newcomers can just mine without worrying about that?

We agree, the decay rate allows for a mathematical method to prevent any dilution problem from ever becoming a threat to the model.

And correct, GLXY is not required or important for new players. It is our token holders who have been invested in our success for the past few years.

When will your gambling site be online? Because from the OP, I haven't seen the link yet for your casino. Also, it means, there are already token holders for this GLXY. Can you share the contract address if it is already available? As you said above, you already have token holders who invested in the past years.

BetGalaxy.io --- We will be announcing the launch date in the coming weeks and expect to have 2.0 online and available for public play by the end of this month.

Galaxy Token (GLXY) is our existing token: https://www.bscscan.com/address/0x1c58F9031fBCFd99aFb3d39071d199416FF25353
We launched BetGalaxy in the Summer of 2021, and recently began the rework to the 2.0 model.

[ethereumhunter]

Is there any estimation of what date you will launch your site? We are in January 2022 and do not let this January leave us before you launch your site because we are almost in the middle of January so you better prepare and launch your site as it was written. I hope everything will run as your plan and will not have a problem until its launch and online to check your site.

[BitcoinAccepted]

That's great, what could be the reason of your rebranding? also do you consider of having a promotion or especial promotion here in the Bitcointak forum? I see that you will be offering a sports betting and metaverse casino I'm actually not familiar with that but looks promising. I will look forward in this project of yours and probably one of the early players/investor I hope we will all have a good profit in the future.

[aioc]

Is there any estimation of what date you will launch your site? We are in January 2022 and do not let this January leave us before you launch your site because we are almost in the middle of January so you better prepare and launch your site as it was written. I hope everything will run as your plan and will not have a problem until its launch and online to check your site.

Since you posted your roadmap here we'd like to know if the December roadmap is achieved

December 2021
-   Bring BetGalaxy 1.0 offline to begin implementing BetGalaxy 2.0 upgrade.
-   Release BetGalaxy 2.0 Whitepaper
-   Apply for IDO Launchpad (BSCPad, BinStarter, among others)

The features look great but only a working platform without a bug it can be judged if it's worth investing here since you have a native token, we're interested if this can compete on other casinos with a native token, it should have been better if this thread created where everything is in place, I expect this casino to accept Bitcoin so it will deserve a place here.

[BIN-BIN]

This is a good concept en trenching reward system into a modern casino network am kind of curious to see how effectively the reward system will work, and what is your expected launcher date and where the link to your website pulse try to pay for your account for a copper member on the forum that way you will be able to post images and other graphics on the forum. Good luck and see you around.

[mak013]

Is there any estimation of what date you will launch your site? We are in January 2022 and do not let this January leave us before you launch your site because we are almost in the middle of January so you better prepare and launch your site as it was written. I hope everything will run as your plan and will not have a problem until its launch and online to check your site.

Since you posted your roadmap here we'd like to know if the December roadmap is achieved

December 2021
-   Bring BetGalaxy 1.0 offline to begin implementing BetGalaxy 2.0 upgrade.
-   Release BetGalaxy 2.0 Whitepaper
-   Apply for IDO Launchpad (BSCPad, BinStarter, among others)

The features look great but only a working platform without a bug it can be judged if it's worth investing here since you have a native token, we're interested if this can compete on other casinos with a native token, it should have been better if this thread created where everything is in place, I expect this casino to accept Bitcoin so it will deserve a place here.

I think - nothing First post was at Christmas and i don`t think, that there was a lot of work until New Year. So may be they worked one-two days before New Year and three-four after. I think we can ask about result at the start of February. It will be enough time to make everything were planned for December-January if they will work hard.
PS. OP - if you buy copper member - the posts will be more attractive.

[nakamura12]

I think - nothing First post was at Christmas and i don`t think, that there was a lot of work until New Year. So may be they worked one-two days before New Year and three-four after. I think we can ask about result at the start of February. It will be enough time to make everything were planned for December-January if they will work hard.
PS. OP - if you buy copper member - the posts will be more attractive.

Let's just wait for a bit longer and see if op will update us the result of it. I agree that op should buy copper membership to make the thread a bit more attractive and as a sign of being a competitive project. I wonder how will this work out once the project is released in the future. I have seen an nft game sharing their roadmap and it even takes a bit longer as what they have scheduled. They should also have a promotion exclusive to Bitcointalk forum or their first investors or first gambler.

[Dripstoil]

This look very promising but we need more details. Or maybe I'll to take enough time to try and understand the full systems working although it looks like you have some great features in your new update.

Are you planning to run a campaign here? If YES, make sure to include Members, and pay decent amount of money. We'll put in our best to give you good exposures, provided you'll be trustworthy to your clients.

[passwordnow]

I think I've seen the same scheme of mining through placing a bet and IIRC that was from 2017 or earlier. It didn't go well as many of the projects during that time were all ICO.
I'll just wait until your launch and see if this project is going to be welcomed by many gamblers and investors as well since the scheme you're proposing is suitable for both.

[timerland]

I think that the dividend system etc. are all great.

However, I just think that your attention should not be solely focused on raising capital right now through your token sale.

That is honestly not the best policy and makes it seem like you're just trying to dig funds out of investors. Work on the site, right now it looks like it's been created straight out of a template.

[Kyraishi]

Are there any previews of what exactly BetGalaxy 2.0 will look like?

Otherwise you are essentially just selling a promise that you will deliver a better product than what is currently the case, and that is obviously not a great value proposition to potential investors that are looking to buy your token.

Have you considered the regulatory issues that may surround ramping up your operations and issuing a token?

[carlfebz2]

I think that the dividend system etc. are all great.

However, I just think that your attention should not be solely focused on raising capital right now through your token sale.

That is honestly not the best policy and makes it seem like you're just trying to dig funds out of investors. Work on the site, right now it looks like it's been created straight out of a template.

Its one of the viable ways on to those people who dont actually have funds to start with but as building on some business specially a gambling platform then you should really at least prepared on whats needed.

People on this place would really be hesitant on doing investments yet they wouldnt really assure out on being legit and knowing that there are lots of scammers nowadays then doubts and hesitance would there.

This shouldnt be on gambling section i believe?

[BetGalaxyADM]

Is there any estimation of what date you will launch your site? We are in January 2022 and do not let this January leave us before you launch your site because we are almost in the middle of January so you better prepare and launch your site as it was written. I hope everything will run as your plan and will not have a problem until its launch and online to check your site.

Will be launching in the last week of this month.

We will be announcing the exact date in the coming weeks.

The casino was previously online utilizing a different rewards model, we are only offline while we upgrade the model , we will be back soon.

[BetGalaxyADM]

Is there any estimation of what date you will launch your site? We are in January 2022 and do not let this January leave us before you launch your site because we are almost in the middle of January so you better prepare and launch your site as it was written. I hope everything will run as your plan and will not have a problem until its launch and online to check your site.

Since you posted your roadmap here we'd like to know if the December roadmap is achieved

December 2021
-   Bring BetGalaxy 1.0 offline to begin implementing BetGalaxy 2.0 upgrade.
-   Release BetGalaxy 2.0 Whitepaper
-   Apply for IDO Launchpad (BSCPad, BinStarter, among others)

The features look great but only a working platform without a bug it can be judged if it's worth investing here since you have a native token, we're interested if this can compete on other casinos with a native token, it should have been better if this thread created where everything is in place, I expect this casino to accept Bitcoin so it will deserve a place here.

Yes. we achieved December 2021 roadmap. We applied to 5 IDOs in total, no approval letters yet

BetGalaxy was already a fully operational casino for approx 6 months. We simply are offline while we perform our first major upgrade BetGalaxy 2.0

[BetGalaxyADM]

Is there any estimation of what date you will launch your site? We are in January 2022 and do not let this January leave us before you launch your site because we are almost in the middle of January so you better prepare and launch your site as it was written. I hope everything will run as your plan and will not have a problem until its launch and online to check your site.

Since you posted your roadmap here we'd like to know if the December roadmap is achieved

December 2021
-   Bring BetGalaxy 1.0 offline to begin implementing BetGalaxy 2.0 upgrade.
-   Release BetGalaxy 2.0 Whitepaper
-   Apply for IDO Launchpad (BSCPad, BinStarter, among others)

The features look great but only a working platform without a bug it can be judged if it's worth investing here since you have a native token, we're interested if this can compete on other casinos with a native token, it should have been better if this thread created where everything is in place, I expect this casino to accept Bitcoin so it will deserve a place here.

I think - nothing First post was at Christmas and i don`t think, that there was a lot of work until New Year. So may be they worked one-two days before New Year and three-four after. I think we can ask about result at the start of February. It will be enough time to make everything were planned for December-January if they will work hard.
PS. OP - if you buy copper member - the posts will be more attractive.

Thanks for the advice Will look into the Copper Membership.

I actually have a nicer main post ready, but needed higher account tier to use the graphics. Copper membership must make graphics possible immediately

[BetGalaxyADM]

I think - nothing First post was at Christmas and i don`t think, that there was a lot of work until New Year. So may be they worked one-two days before New Year and three-four after. I think we can ask about result at the start of February. It will be enough time to make everything were planned for December-January if they will work hard.
PS. OP - if you buy copper member - the posts will be more attractive.

Let's just wait for a bit longer and see if op will update us the result of it. I agree that op should buy copper membership to make the thread a bit more attractive and as a sign of being a competitive project. I wonder how will this work out once the project is released in the future. I have seen an nft game sharing their roadmap and it even takes a bit longer as what they have scheduled. They should also have a promotion exclusive to Bitcointalk forum or their first investors or first gambler.

It’s good that they actually go on a process and looks more serious though compare to other new gambling site that claims to be the best already, I’m excited to see how they work on this since I see more feature on their future site. Let’s wait and hope that they can also have marketing campaign here to be handle by a great manager.

Thanks! As I've mentioned a couple of times now... we were operating for 6 months already... worked out all of the kinks and usual "launch issues" you would suspect a new casino to have. This is more of a relaunch with a massive upgrade to the reward system.

We are just now beginning our marketing for the launch of this, we will see what we can do about having a campaign here