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

[BetGalaxyADM]

I will further simplify the OP post later this evening to clarify how the site and profit-sharing elements work.

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[huynhthai12384]

I was deposited and mine over 10 COSMO . how i can received GLXY

[BetGalaxyADM]

UPDATE

-Initial Post Updated To Better Explain Profit Sharing System

-First Profit-Sharing Payout in 22 Hours From $240,000 Dividend Pool

-Stage 1 Of Mining COSMO is 96% Done



-Withdraws Are Processed Twice Delay Until Automation Is Live

-New User Giveaway https://twitter.com/BetGalaxyCasino/status/1489684147148886024

[BetGalaxyADM]

First Dividend Update:


1) FIRST DIVS ARE OUT ~$7380 paid out in all currencies found on our website. Dividends are found instantly in your balance



2) Div Pool Back at 238k, 3% Daily Payouts





3) ~73,800 COSMO TOKENS BURNED RECYCLED
These tokens are added to a new stage at the end of the 10 levels.

[Sasko86]

First divs payout went smooth. pool looks good as well, keeps growing steadily. Lets see where this goes.


Also, why are the divs in multi-currency?
Are there any events planned in the near future?

Would definately need a launch event imo. Or a re-launch event so to say

[moderator's note: consecutive posts merged]

[BetGalaxyADM]

Update:


1) SECOND PROFIT-SHARE PAYOUT IS OUT ~$7500. Another ~75,000 COSMO TOKENS BURNED RECYCLED. We will add a UI box to view burned and remaining circulating supply of cosmo soon.



2) View Dividend Payout History To Your Wallet Right here


**Screenshot provided by a betgalaxy player

3) Players can choose to play with all currencies on our website, therefore dividends must be paid out in all currencies to our players.


4) Signup Bonus GLXY will be credited in the coming 72 hours, the delay is due to the point below!


5) UPCOMING EVENTS: DAILY RACES + SLOTS RACES WILL BE COMING SOON - STAY TUNED FOR A BIG ANNOUNCEMENT

[BetGalaxyADM]

Full dividend history is now restored!

[tjun.bct]

Long time follower of the forum, but just created an account now.

I gave BetGalaxy a try. Here are my impressions:

• Account creation process was simple enough.
• Deposit (using TRX) was smooth and fast.
• Withdrawals got delayed (already addressed by OP), but always completed within 8 hours.
• UI has minor bugs, but not going to spoil the experience.
• Games are extensive and connection to the third-party servers are quite stable.
• Profit-sharing model seems solid.

Now into the bigger points resolving their unique div pool system.

• The documentation is extremely minimal.
• The Dividend Rewards cannot be used to play, which is a bummer. If you collect 25 USDT over time from the div pool, while the avg. network cost to withdraw is also 25 USDT, you basically get nothing.
• For now, it also does not seem possible to withdraw the div rewards in multiple tokens unless you have deposited the said token. So if you deposited only TRX, then it is the only token that you can withdraw even though you get the div rewards in 10+ different tokens.
• Finally, it is a HUGE disappointment to know that after the mining got to Level 2 yesterday, the mining cost stays at $0.05, instead of increased to $0.1. It was even tweeted as if it was a good news. This means for the early players, the decay rate stays the same and the minted COSMO tokens will burn out much faster as well. More importantly, it indicates that the mint cost is set manually or the algorithm can be tempered. So at any point, the house can change the rules instead of following what they stated in the whitepaper.

Hopefully, OP can address my concerns.

[BetGalaxyADM]

Greetings Cosmonauts!

We have our first post-launch update to bring you!

With over $250,000 in dividends, and growing, we are off to a very nice start!

We have deployed several updates over the past few days that were taken in from community and player suggestions.

✅ Updates Made

- Withdraw system is 90% operational, and the inoperative currencies have their deposits disabled. Most withdraw requests are processed within one hour. Soon we will be setting two currencies for full automatic processing for most withdraws, we will announce which two currencies these are in the near future.

- Added additional information and statistics on the dividend page:
    • A second progress bar to display the current level's progress (previously we had one progress bar for the entire stage)
    • Added Theoretical COSMO value to display the estimated amount of funds users will receive from dividends before their COSMO has fully decayed.
    • Tweaked the red/green coloring of the pools within the dividend pool. Now positive pools will pulsate green, and negative pools will pulsate red.
    • Fixed and added back the dividend history at the bottom of the dividend pool page. Both for individual statistics, and global.
    • Added Dividend FAQ section.


We are working on several more small improvements like this to push out over this week, as well as a few exciting things we want to announce

🚀 Coming in Hot

- Daily $500 Slot Races
- Exclusive 5 day promotional opportunity (details will be revealed later this week)

🎟 250 GLXY Promotion
This promotion has now closed, all users who qualified for this promotion will be credited over the next 72 hours.

Our ship is sailing in the correct direction! Let's keep it up and do what many questioned if we would be capable of. Our time to shine has arrived, let's seize it.

🎩ADMIN🎩

[BetGalaxyADM]

Long time follower of the forum, but just created an account now.

I gave BetGalaxy a try. Here are my impressions:

• Account creation process was simple enough.
• Deposit (using TRX) was smooth and fast.
• Withdrawals got delayed (already addressed by OP), but always completed within 8 hours.
• UI has minor bugs, but not going to spoil the experience.
• Games are extensive and connection to the third-party servers are quite stable.
• Profit-sharing model seems solid.

Now into the bigger points resolving their unique div pool system.

• The documentation is extremely minimal.
• The Dividend Rewards cannot be used to play, which is a bummer. If you collect 25 USDT over time from the div pool, while the avg. network cost to withdraw is also 25 USDT, you basically get nothing.
• For now, it also does not seem possible to withdraw the div rewards in multiple tokens unless you have deposited the said token. So if you deposited only TRX, then it is the only token that you can withdraw even though you get the div rewards in 10+ different tokens.
• Finally, it is a HUGE disappointment to know that after the mining got to Level 2 yesterday, the mining cost stays at $0.05, instead of increased to $0.1. It was even tweeted as if it was a good news. This means for the early players, the decay rate stays the same and the minted COSMO tokens will burn out much faster as well. More importantly, it indicates that the mint cost is set manually or the algorithm can be tempered. So at any point, the house can change the rules instead of following what they stated in the whitepaper.

Hopefully, OP can address my concerns.

Hello!

Thank you for the input!

I will address each point:

1) The documentation is extremely minimal:

We are currently working to update many of our informational pages on the platform, as many of them still have old information that was relevant for the previous model. This one we hope to have vastly improved in the very near future.

2) The Dividend Rewards cannot be used to play:

This definitely should not be the case, I will notify our developer of this. Are you trying to play third party provider games, or in-house games? If third party provider game, we may have a tiny bug there to correct, and will do so!

3) For now, it also does not seem possible to withdraw the div rewards in multiple tokens unless you have deposited the said token:

This one also should not be the case, but if something is preventing you from actually submitting withdraws for other currencies please notify us, and we will investigate why that is. The only requirement to withdraw from our platform is that your account must meet certain AML restrictions (Meaning there must be some activity and play).

4) Finally, it is a HUGE disappointment to know that after the mining got to Level 2 yesterday, the mining cost stays at $0.05, instead of increased to $0.1:

I understand somewhat this disappointment, the reason this was the case was due to the withdraw system issues we had through all of stage 1 / level 1, and it created a unfair situation that we felt was best remedied by extending the $0.05 cost through Level 2.

I hope I cleared up most of those for you, and please let me know know on those two if we need to investigate into those. I will look into the first one (where it won't let you play with your rewards).

Thank you!

[tjun.bct]

Long time follower of the forum, but just created an account now.

I gave BetGalaxy a try. Here are my impressions:

• Account creation process was simple enough.
• Deposit (using TRX) was smooth and fast.
• Withdrawals got delayed (already addressed by OP), but always completed within 8 hours.
• UI has minor bugs, but not going to spoil the experience.
• Games are extensive and connection to the third-party servers are quite stable.
• Profit-sharing model seems solid.

Now into the bigger points resolving their unique div pool system.

• The documentation is extremely minimal.
• The Dividend Rewards cannot be used to play, which is a bummer. If you collect 25 USDT over time from the div pool, while the avg. network cost to withdraw is also 25 USDT, you basically get nothing.
• For now, it also does not seem possible to withdraw the div rewards in multiple tokens unless you have deposited the said token. So if you deposited only TRX, then it is the only token that you can withdraw even though you get the div rewards in 10+ different tokens.
• Finally, it is a HUGE disappointment to know that after the mining got to Level 2 yesterday, the mining cost stays at $0.05, instead of increased to $0.1. It was even tweeted as if it was a good news. This means for the early players, the decay rate stays the same and the minted COSMO tokens will burn out much faster as well. More importantly, it indicates that the mint cost is set manually or the algorithm can be tempered. So at any point, the house can change the rules instead of following what they stated in the whitepaper.

Hopefully, OP can address my concerns.

Hello!

Thank you for the input!

I will address each point:

1) The documentation is extremely minimal:

We are currently working to update many of our informational pages on the platform, as many of them still have old information that was relevant for the previous model. This one we hope to have vastly improved in the very near future.

2) The Dividend Rewards cannot be used to play:

This definitely should not be the case, I will notify our developer of this. Are you trying to play third party provider games, or in-house games? If third party provider game, we may have a tiny bug there to correct, and will do so!

3) For now, it also does not seem possible to withdraw the div rewards in multiple tokens unless you have deposited the said token:

This one also should not be the case, but if something is preventing you from actually submitting withdraws for other currencies please notify us, and we will investigate why that is. The only requirement to withdraw from our platform is that your account must meet certain AML restrictions (Meaning there must be some activity and play).

4) Finally, it is a HUGE disappointment to know that after the mining got to Level 2 yesterday, the mining cost stays at $0.05, instead of increased to $0.1:

I understand somewhat this disappointment, the reason this was the case was due to the withdraw system issues we had through all of stage 1 / level 1, and it created a unfair situation that we felt was best remedied by extending the $0.05 cost through Level 2.

I hope I cleared up most of those for you, and please let me know know on those two if we need to investigate into those. I will look into the first one (where it won't let you play with your rewards).

Thank you!

Appreciate the response.

2) Third-party provider games.

3) In that case, withdrawal of other currencies will not be possible until you solve issue #2 above.

4) Well, this solution actually created an unfair situation for early players/testers. I played more than my initial allowance because I thought playing at stage 1 / level 1 would give me the best benefit. Now, I calculated at least half of my mined token will decay before it actually progresses to level 2. My dividend value should already be doubled as of today since, if my understanding of the profit-sharing model is correct, the mining and decay rates should double from L1 to L2. It's a lot and should not be taken lightly.

[BetGalaxyADM]

Long time follower of the forum, but just created an account now.

I gave BetGalaxy a try. Here are my impressions:

• Account creation process was simple enough.
• Deposit (using TRX) was smooth and fast.
• Withdrawals got delayed (already addressed by OP), but always completed within 8 hours.
• UI has minor bugs, but not going to spoil the experience.
• Games are extensive and connection to the third-party servers are quite stable.
• Profit-sharing model seems solid.

Now into the bigger points resolving their unique div pool system.

• The documentation is extremely minimal.
• The Dividend Rewards cannot be used to play, which is a bummer. If you collect 25 USDT over time from the div pool, while the avg. network cost to withdraw is also 25 USDT, you basically get nothing.
• For now, it also does not seem possible to withdraw the div rewards in multiple tokens unless you have deposited the said token. So if you deposited only TRX, then it is the only token that you can withdraw even though you get the div rewards in 10+ different tokens.
• Finally, it is a HUGE disappointment to know that after the mining got to Level 2 yesterday, the mining cost stays at $0.05, instead of increased to $0.1. It was even tweeted as if it was a good news. This means for the early players, the decay rate stays the same and the minted COSMO tokens will burn out much faster as well. More importantly, it indicates that the mint cost is set manually or the algorithm can be tempered. So at any point, the house can change the rules instead of following what they stated in the whitepaper.

Hopefully, OP can address my concerns.

Hello!

Thank you for the input!

I will address each point:

1) The documentation is extremely minimal:

We are currently working to update many of our informational pages on the platform, as many of them still have old information that was relevant for the previous model. This one we hope to have vastly improved in the very near future.

2) The Dividend Rewards cannot be used to play:

This definitely should not be the case, I will notify our developer of this. Are you trying to play third party provider games, or in-house games? If third party provider game, we may have a tiny bug there to correct, and will do so!

3) For now, it also does not seem possible to withdraw the div rewards in multiple tokens unless you have deposited the said token:

This one also should not be the case, but if something is preventing you from actually submitting withdraws for other currencies please notify us, and we will investigate why that is. The only requirement to withdraw from our platform is that your account must meet certain AML restrictions (Meaning there must be some activity and play).

4) Finally, it is a HUGE disappointment to know that after the mining got to Level 2 yesterday, the mining cost stays at $0.05, instead of increased to $0.1:

I understand somewhat this disappointment, the reason this was the case was due to the withdraw system issues we had through all of stage 1 / level 1, and it created a unfair situation that we felt was best remedied by extending the $0.05 cost through Level 2.

I hope I cleared up most of those for you, and please let me know know on those two if we need to investigate into those. I will look into the first one (where it won't let you play with your rewards).

Thank you!

Appreciate the response.

2) Third-party provider games.

3) In that case, withdrawal of other currencies will not be possible until you solve issue #2 above.

4) Well, this solution actually created an unfair situation for early players/testers. I played more than my initial allowance because I thought playing at stage 1 / level 1 would give me the best benefit. Now, I calculated at least half of my mined token will decay before it actually progresses to level 2. My dividend value should already be doubled as of today since, if my understanding of the profit-sharing model is correct, the mining and decay rates should double from L1 to L2. It's a lot and should not be taken lightly.

2 and 3 are being investigated currently.

4: This is true but there’s also the added benefit you now have of being able to compounding and rolling your dividend rewards back in for further cheapest cosmo and maximum long term benefit.

[LUCKMCFLY]

I like the system that they are applying, it seems to me very similar to the one that they use in betfury from the beginning, this speaks very well of the site, also that they give returns in all the available currencies is something that at least attracts me a lot, I have seen Some platforms apply this same strategy, I have also seen that they reach a large number of clients in a short time, have you thought of also having a signature campaign in the forum in conjunction with a social media campaign? This always gives them a big jump to the platform.

[BetGalaxyADM]

I like the system that they are applying, it seems to me very similar to the one that they use in betfury from the beginning, this speaks very well of the site, also that they give returns in all the available currencies is something that at least attracts me a lot, I have seen Some platforms apply this same strategy, I have also seen that they reach a large number of clients in a short time, have you thought of also having a signature campaign in the forum in conjunction with a social media campaign? This always gives them a big jump to the platform.

Thanks for the input!

Yes, we are working on doing a signature campaign here on BTCTalk

Currently our main focus is to fine tune and clean up any lagging items/issues we had received during launch, and then a bigger marketing push will begin

[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.

From what I understand there is no token sale. You are able to mine the token by playing. I agree, supporting token raises is hard. Admin needs to buy bronze and show pictures here

Ah right, hopefully they stay that way for the future.

If it's just a simple token mine I can get behind that - return some value to the players for once instead of trying to extract pennies out of each individual.

I like the system that they are applying, it seems to me very similar to the one that they use in betfury from the beginning, this speaks very well of the site, also that they give returns in all the available currencies is something that at least attracts me a lot, I have seen Some platforms apply this same strategy, I have also seen that they reach a large number of clients in a short time, have you thought of also having a signature campaign in the forum in conjunction with a social media campaign? This always gives them a big jump to the platform.

Thanks for the input!

Yes, we are working on doing a signature campaign here on BTCTalk

Currently our main focus is to fine tune and clean up any lagging items/issues we had received during launch, and then a bigger marketing push will begin

Great idea and that shows the right attitude.

No point marketing/seeking investments or doing anything fancy until your main product is actually functional. Good call from the team.

[BetGalaxyADM]

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.

From what I understand there is no token sale. You are able to mine the token by playing. I agree, supporting token raises is hard. Admin needs to buy bronze and show pictures here

Ah right, hopefully they stay that way for the future.

If it's just a simple token mine I can get behind that - return some value to the players for once instead of trying to extract pennies out of each individual.

I like the system that they are applying, it seems to me very similar to the one that they use in betfury from the beginning, this speaks very well of the site, also that they give returns in all the available currencies is something that at least attracts me a lot, I have seen Some platforms apply this same strategy, I have also seen that they reach a large number of clients in a short time, have you thought of also having a signature campaign in the forum in conjunction with a social media campaign? This always gives them a big jump to the platform.

Thanks for the input!

Yes, we are working on doing a signature campaign here on BTCTalk

Currently our main focus is to fine tune and clean up any lagging items/issues we had received during launch, and then a bigger marketing push will begin

Great idea and that shows the right attitude.

No point marketing/seeking investments or doing anything fancy until your main product is actually functional. Good call from the team.

Our number 1 focus is our players, our number 2 focus is to never do anything to harm token holders. The dilution mechanism exists for that reason. We want to provide as much value to players as possible.

Yes exactly! In terms of marketing, we believe it is the right move too. We want current bugs to be fixed and our events to be live before we make a larger push.

[AmoreJaz]

Our number 1 focus is our players, our number 2 focus is to never do anything to harm token holders. The dilution mechanism exists for that reason. We want to provide as much value to players as possible.

Yes exactly! In terms of marketing, we believe it is the right move too. We want current bugs to be fixed and our events to be live before we make a larger push.

fixing what needs to be fixed, fine tuning and securing all your safety protocols are indeed important more than anything else. because if you hold your campaign and you're not ready, you may just encounter more trouble with the players. and your funds are just wasted for no reason.
that's why, imo, campaign can wait. because if you are already prepared for whatever possible issue you may face with, you will gain credibility from the gambling community.

[LUCKMCFLY]

I like the system that they are applying, it seems to me very similar to the one that they use in betfury from the beginning, this speaks very well of the site, also that they give returns in all the available currencies is something that at least attracts me a lot, I have seen Some platforms apply this same strategy, I have also seen that they reach a large number of clients in a short time, have you thought of also having a signature campaign in the forum in conjunction with a social media campaign? This always gives them a big jump to the platform.

Thanks for the input!

Yes, we are working on doing a signature campaign here on BTCTalk

Currently our main focus is to fine tune and clean up any lagging items/issues we had received during launch, and then a bigger marketing push will begin

I am glad to read this, I think that every principle in the platforms is hard, but it is seen that they have been working hard to always achieve continuous improvement, I hope that they can achieve everything that they have proposed and in the near future they can become one of the most valued platforms, and with a good reputation here in the forum, keep up the good work and if you are already on the right track with good marketing, it is the best investment you can make, this will surely bring you good news.

The success rate of most companies that have to do with gambling houses and casinos, when they do good marketing their success is guaranteed, nascent casinos that have carried out this strategy continue to do very well today.

[ipanks]

snip

Launching an event, as you said, can be very effective in attracting people to visit the site, especially with the lure of giving prizes to people who manage to find bugs or win a game. That is a great way of promotion. Moreover, they can provide additional bonuses for people who send some money to play gambling there.

Maybe they can also invite people personally as beta testers to test their site, look for security holes that are still leaking, or look for bugs on their site. There are many ways to grow their site, depending on the site team and their plan.

[VanityWallets2015]

I see that you have a lot of interesting coins that I can use to deposit including Shiba Inu maybe you would consider to add more BSC coins and let the users login using Metamask or wouldn't that be too complicated to add on the website? I see some good games and providers. I would like to ask how can I share profit in your casino just like what you advertise on your title?