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

[poer]

1$ thank u

[1715683982]

1715683982

[1715683982]

1715683982

[1715683982]

1715683982

[1715683982]

1715683982

[BetGalaxyADM]

1$ thank u

More to come! Still lots of claims left!

[poer]

wd id 1308   
01/02/2022 06:25 PM   
TRX
104.10000000   
onHold

24 hours not recevier my wallet

TT3LdsSxxSmpFdrnpERXjDZ22L5tX125hc

[panjul07]

wd id 1308   
01/02/2022 06:25 PM   
TRX
104.10000000   
onHold

24 hours not recevier my wallet

TT3LdsSxxSmpFdrnpERXjDZ22L5tX125hc

Below information is quoted from the pinned message of their telegram group:

We are still working to get w/d’s processed.

No fear, I assure you they will go out asap.

The backend for that system needs some small tweaks to work correctly with the new div pool system and it is taking a bit longer than expected to finish.

But I wanted to put anyone who was worried, at ease. They will be processed.

This message shows that you are not the only one who have not received your withdrawal because the site is still working on it.
Nothing you can do at the moment except waiting for them to finish what they are working now.
I know it is inconvenience to wait for long time for your own withdrawal.
It is also unfortunate that it is happening in their first days after official launch, it may make players feel uncomfortable because their first experience is not that good related to withdrawal.

[BitcoinHunt3r]

Thank you for the free coupon at least I've tried my experience playing here so far not bad all ok but what surprised me was the Rank System
Rank Cosmic3 total wager required $5000 rank-up bonus $2.5 Cosmic4 wager required $50000 rank-up bonus $25 and no cashback?
Cashback and rank up bonus is a mainstay promotion on almost all sites so it might be a good idea if it's updated.

[Bitinity]

Thank you for the free coupon at least I've tried my experience playing here so far not bad all ok but what surprised me was the Rank System
Rank Cosmic3 total wager required $5000 rank-up bonus $2.5 Cosmic4 wager required $50000 rank-up bonus $25 and no cashback?
Cashback and rank up bonus is a mainstay promotion on almost all sites so it might be a good idea if it's updated.

They have different system, it is similar to chips. Afaik there is no cashback/rakeback as well on chips but players are getting dividend by staking/mining the in house token. The more you wager, the more in house token you get = the higher percent you get from the dividend pool. It is understandable if there is no cashback due this this staking system because I see that many other sites with the same system also not having cashback/rakeback.

[LUCKMCFLY]

There are great things that can be done, I like how the platform is growing, in fact it is a great idea to offer $1 for the first 20 registered, Wow, it's a shame I can't hit that 250 GLXY.  I have had my account since 2021, and it is encouraging to see that they continue growing up, i mostly like the platform as it is with crash. There is also something that catches my attention is that they do not have a wager requirement, which is a break for many who want to win without having to bet to comply, because many times everything is lost in the play.

[BetGalaxyADM]

Greetings Cosmonauts,

I know those of you with pending withdraws are anxiously awaiting it to be processed. We still are hammering out a technical issue with that system.

But I want to assure you again they all will be processed. Within the next 12 hours all currently pending withdraws that are near or past the 24 hour deadline will be sent out manually, by hand (unless the system is operational).

We don’t anticipate the withdraw system to be down much longer, but in either case, we will make sure they are processed.

Thank you once again for the patience as we work through this issue. And thank you for your participation in BetGalaxy 2.0!

ADMIN

------------
Borderline this is unacceptable. The withdraw system being down has also stifled our ability to credit GLXY. It's a huge mess up by up we will work to regain trust from.

[D.t.B]

Looking forward to see how betgalaxy develops in the future as I like the concept.

I will write the betgalaxy review soon.

[BetGalaxyADM]

wd id 1308   
01/02/2022 06:25 PM   
TRX
104.10000000   
onHold

24 hours not recevier my wallet

TT3LdsSxxSmpFdrnpERXjDZ22L5tX125hc

Hi. All Withdraws have now been processed we apologize for the delay.

[BetGalaxyADM]

Official Statement Regarding Withdraws



All are processed. 2 withdraws have not been processed as of yet because they did not meet AML requirements. Depositing and withdrawing without wagering breaches AML.

We are in the final test of the correction to the w/d system. It could be fully operational soon as well, but we wanted to make sure the payments were sent out, and allow us a bit of time to fully test and insure it is sound.

Thank you again for the patience. Now we can go back to partying and breaking $200K divs

[BetGalaxyADM]

Thank you for the free coupon at least I've tried my experience playing here so far not bad all ok but what surprised me was the Rank System
Rank Cosmic3 total wager required $5000 rank-up bonus $2.5 Cosmic4 wager required $50000 rank-up bonus $25 and no cashback?
Cashback and rank up bonus is a mainstay promotion on almost all sites so it might be a good idea if it's updated.

We are doing things a little differently at the start. Rather than offering cashback that every casino has, we have an even better system. It is the dividend pool. If you go see the dividend and look at your cut, it will last longer and it is higher than you would have gotten in cashback anywhere else!

[BetGalaxyADM]

Dividend Pool Almost At 200k!




-----------------------------------------------------------------------------------------------------------------------------------
How To Maximize Cosmo's Earned




Players that don't want to gamble and only want to invest in the success of the casino can mine COSMO tokens by autobetting dice on maximum 98% win chance using 1% of their bankroll per bet. Most users do this as the best way to accumulate COSMO tokens. This process is simple and does not require focus to get a big wager in. Then you can sit back and collect your piece of the pie.



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First Dividend Pool Distribution Extended




Due to our withdraw processing delays. We have extended the first dividend to 48 hours from now! The first payout will be February 5th, 1:00 PM EST. It is not too late to get in on the first payout!

[BitcoinHunt3r]

Thank you for the free coupon at least I've tried my experience playing here so far not bad all ok but what surprised me was the Rank System
Rank Cosmic3 total wager required $5000 rank-up bonus $2.5 Cosmic4 wager required $50000 rank-up bonus $25 and no cashback?
Cashback and rank up bonus is a mainstay promotion on almost all sites so it might be a good idea if it's updated.

They have different system, it is similar to chips. Afaik there is no cashback/rakeback as well on chips but players are getting dividend by staking/mining the in house token. The more you wager, the more in house token you get = the higher percent you get from the dividend pool. It is understandable if there is no cashback due this this staking system because I see that many other sites with the same system also not having cashback/rakeback.

Oh so they use a different system I don't understand how this works but I'll wait and see if this compares to what I get on other sites
BTW anyone know the contract address of their token (GLXY) I've been looking for it but can't find it  a bit confusing what their token name actually is
I found  uTOPIA token on the BSC network the one posted on the official twitter

[BetGalaxyADM]

Thank you for the free coupon at least I've tried my experience playing here so far not bad all ok but what surprised me was the Rank System
Rank Cosmic3 total wager required $5000 rank-up bonus $2.5 Cosmic4 wager required $50000 rank-up bonus $25 and no cashback?
Cashback and rank up bonus is a mainstay promotion on almost all sites so it might be a good idea if it's updated.

They have different system, it is similar to chips. Afaik there is no cashback/rakeback as well on chips but players are getting dividend by staking/mining the in house token. The more you wager, the more in house token you get = the higher percent you get from the dividend pool. It is understandable if there is no cashback due this this staking system because I see that many other sites with the same system also not having cashback/rakeback.

Oh so they use a different system I don't understand how this works but I'll wait and see if this compares to what I get on other sites
BTW anyone know the contract address of their token (GLXY) I've been looking for it but can't find it  a bit confusing what their token name actually is
I found  uTOPIA token on the BSC network the one posted on the official twitter

So cosmo gets 50% of divs. Similar to other platforms like chips or BF. Exactly, we have the staking system, that's why no cashback and other usual bonuses. We still plan to add them in the future.

GLXY gets 30% of divs and mints you cosmo tokens to get you the divs. Token address: 0x1c58F9031fBCFd99aFb3d39071d199416FF25353

House effectively only gets 20% of divs.

There are great things that can be done, I like how the platform is growing, in fact it is a great idea to offer $1 for the first 20 registered, Wow, it's a shame I can't hit that 250 GLXY.  I have had my account since 2021, and it is encouraging to see that they continue growing up, i mostly like the platform as it is with crash. There is also something that catches my attention is that they do not have a wager requirement, which is a break for many who want to win without having to bet to comply, because many times everything is lost in the play.

The GLXY will be sent out after first dividend if you are in the first 500 players We made this change to make it easier to credit!

[rijaljun]

I think it's all a bit vague at the moment. The information available now will not be clear to many users. This is a gambling thread, usually full announcements are made and completely different topics are discussed. Perhaps you can reinforce the subject by some extra explanation about this project?

[BitcoinHunt3r]

So cosmo gets 50% of divs. Similar to other platforms like chips or BF. Exactly, we have the staking system, that's why no cashback and other usual bonuses. We still plan to add them in the future.

GLXY gets 30% of divs and mints you cosmo tokens to get you the divs. Token address: 0x1c58F9031fBCFd99aFb3d39071d199416FF25353

House effectively only gets 20% of divs.

Yes I'm starting to understand it and need to look further and good idea if you plan to add other bonuses like rakeback because this is good for business competition
By the way what's the latest regarding the launch of Betgalaxy 2.0? I don't see any changes except withdrawal delay, recent news also doesn't publish articles
The positive thing that I see is that the admin here is quite active in responding and informing the latest developments, keep going.

[jerrison]

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.

Has the model 2.0 been released or its still functioning on the first version as i see there are already incentives that are being allocated to the new signups. I would have oved to keep tabs of the latest developments on the project via this thread but i guess i will have to look into twitter for more prompt updates.

[BetGalaxyADM]

I think it's all a bit vague at the moment. The information available now will not be clear to many users. This is a gambling thread, usually full announcements are made and completely different topics are discussed. Perhaps you can reinforce the subject by some extra explanation about this project?

I will try to make this post more clear here.

This is a Profit-sharing casino.

All of the casino profit is given to 3 different groups of people

Group 1 (20% of the profit): The house / The Team / The owners of the site

Group 2 (30%): We have carried over users from older projects with GLXY tokens

Group 3 (50%): Players who plat on betgalaxy.io , all wagers are rewarded with Cosmo tokens.

Cosmo tokens are earned relative to the house edge. At the current stage the cost is $0.05.
This means that a $100 wager on dice at a 1% edge projects you to lose $1 and will mine 20 Cosmo.
A $100 wager on slots at a 4% edge projects you to lose $4 and will mine 80 cosmo.

You receive your cut of the dividend based on how many cosmo you have, compared to all the cosmo in existence.

Everytime you receive 2x the cost of a token it burns.

Let's say you have 80 cosmo and receive a $1 dividend. 10 cosmo will burn.

[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.

Has the model 2.0 been released or its still functioning on the first version as i see there are already incentives that are being allocated to the new signups. I would have oved to keep tabs of the latest developments on the project via this thread but i guess i will have to look into twitter for more prompt updates.

The 2.0 version is the current version available.