Token Based Casino In Market Aggregator

[electronicash]

more casinos are going to release tokens mainly to get more profit from gamblers and acquire BTC through these tokens. hope Stake.com will also do the same and share profit with the token holders.

sportsbet token still is less than the amount i was expecting, i was hoping for its price to really go up because it's where we use to bet.

[davis196]

I've never really understood the business model of the crypto casinos,that have their own tokens.
They create and keep "mining" their own token,but they get actual cryptocurrencies in exchange for their token(not by trading it,but rather giving it away to the active gamblers).
The token is supposed to have some market value,but nobody is actually buying it,because such tokens aren't listed on crypto exchanges.Demand is what creates market value and there's no real demand for these casino tokens.This seems kinda weird to me.
Anyway,let's see how this "casino token" experiment will keep running in the upcoming years.

[magneto]

I think that the problem with a lot of these token based casinos is that the tokens only exist to benefit the people running the site.

A lot of the times, the company starts out well but then slowly regress into its infancy as they ICO, and then just take the money and run.

E.g. BitDice springs to mind - its CSNO token holders are now left in the dark. It's really a shame because they used to be a fun place to play at.

[DoublerHunter]

~snip~

A lot of the times, the company starts out well but then slowly regress into its infancy as they ICO, and then just take the money and run.

^ For a new gambling casino which is gamblers did not trust to hold their token because this is what they are thinking, it is hard to put a trust not like if you are already trusted gambling casino and you have switched to tokenized gambling casino and one of my examples is the Freebitco.in which is the FUN token was added but they already gained trust to the community. Token-based casinos are not really safe on us, that could probably easy for them to trick us and run away with our other cryptocurrency in exchange for their fancy token.

[Saisher]

I think that the problem with a lot of these token based casinos is that the tokens only exist to benefit the people running the site.

A lot of the times, the company starts out well but then slowly regress into its infancy as they ICO, and then just take the money and run.

E.g. BitDice springs to mind - its CSNO token holders are now left in the dark. It's really a shame because they used to be a fun place to play at.

Not in the case of the two tokens I'm holding, BFG and OWLDAO tokens, with their tokens they are sharing a percentage of the profit they are generating and that is why they have full support of the community, I will support casinos with their own token provided they have a good roadmap, their casino is reputable and they are competitive, their token is useless if they are not competitive and they cannot keep from what their supporters needs.

[dimonstration]

Its been a while that casinos were releasing their own token, it is fun to become partly owner of a casino that let you earn from the casino profit. Its not always the case for casino owner to do these though, most of them are profit driven and not share.

FUN is listed on many exchanges which is good though its price is no mooning. For BFG, Its a wonder why not listed on different exchanges. I saw they are doing signature campaign again in the forum so I was thinking whether its a sign that they continue to earn which they can pay promoters or they are struggling to get clients?

Betfury(BFG) tokens was released last year while FUN tokens was introduced 2017-2018 with huge fund from there ICO. FUN tokens managed to list already on top tier exchange before it was acquired by Freebitcoi.in last year. So comparing the 2 tokens with different time table on when they are established and listed on major exchange is not right. BFG has a lot of potential to grow more due to there a lot of potential listing on big CEX. You should start accumulating this token while its cheap before it will list on huge CEX like Binance.

[iv4n]

I think that the problem with a lot of these token based casinos is that the tokens only exist to benefit the people running the site.

A lot of the times, the company starts out well but then slowly regress into its infancy as they ICO, and then just take the money and run.

E.g. BitDice springs to mind - its CSNO token holders are now left in the dark. It's really a shame because they used to be a fun place to play at.

Not in the case of the two tokens I'm holding, BFG and OWLDAO tokens, with their tokens they are sharing a percentage of the profit they are generating and that is why they have full support of the community, I will support casinos with their own token provided they have a good roadmap, their casino is reputable and they are competitive, their token is useless if they are not competitive and they cannot keep from what their supporters needs.

In the end, Bitdice turned out to be a scam, but they are not the only ones who did it, Betking did something similar, and there were others!
I would not compare these two with Betfury, unlike the above Betfury didn't have a BFG sale, we could only earn it by playing on the site!

Well, we shouldn't invest too much in something new and untested, the risk can be pretty big! There are always some scams around, at least we should know that, some of us have seen too many of them, and some were pretty sophisticated! But there are good examples around, like Betfury and Freebitcoin! OWLDao is still young, but I think we can say that they have a good start, they entered very seriously, and looks like they are here to stay and develop even more!

[Jawhead999]

There's nothing wrong for a casino which created their own token as long as they don't scam, the price and volume will depends on the casino itself. The main reason why they created their own token to maximize their profit and they can give a reward/bonus without pay anything (the token created out of thin air). If the casino turned to be scam, the token will definitely follow the same path and this is another risk of holding useless token. I'd call it useless because there's no real usage except for the casino only.

[electronicash]

There's nothing wrong for a casino which created their own token as long as they don't scam, the price and volume will depends on the casino itself. The main reason why they created their own token to maximize their profit and they can give a reward/bonus without pay anything (the token created out of thin air). If the casino turned to be scam, the token will definitely follow the same path and this is another risk of holding useless token. I'd call it useless because there's no real usage except for the casino only.

there are already some of these scam casino that also has tokens for dividends of the stakers, many of them were created in the TRX blockchain. majority are not coming here in the forum just like the developers in Thundercore blockchain.

anyone for the shill and laugh?

https://rumble.com/vxtyw5-casino-promotion-video-just-for-laugh.html

[Cling18]

There's nothing wrong for a casino which created their own token as long as they don't scam, the price and volume will depends on the casino itself. The main reason why they created their own token to maximize their profit and they can give a reward/bonus without pay anything (the token created out of thin air). If the casino turned to be scam, the token will definitely follow the same path and this is another risk of holding useless token. I'd call it useless because there's no real usage except for the casino only.

there are already some of these scam casino that also has tokens for dividends of the stakers, many of them were created in the TRX blockchain. majority are not coming here in the forum just like the developers in Thundercore blockchain.

anyone for the shill and laugh?

https://rumble.com/vxtyw5-casino-promotion-video-just-for-laugh.html

Unfortunately, most scam casinos are taking it as an opportunity to scam more players. There are number of casino sites that created their own token and ended up fooling their users and investors. That's the reason why more players are avoiding sites that has this kind of promotion. People behind casino sites with their own tokens are just taking advantage of it.

[Saisher]

There's nothing wrong for a casino which created their own token as long as they don't scam, the price and volume will depends on the casino itself. The main reason why they created their own token to maximize their profit and they can give a reward/bonus without pay anything (the token created out of thin air). If the casino turned to be scam, the token will definitely follow the same path and this is another risk of holding useless token. I'd call it useless because there's no real usage except for the casino only.

there are already some of these scam casino that also has tokens for dividends of the stakers, many of them were created in the TRX blockchain. majority are not coming here in the forum just like the developers in Thundercore blockchain.

anyone for the shill and laugh?

https://rumble.com/vxtyw5-casino-promotion-video-just-for-laugh.html

Unfortunately, most scam casinos are taking it as an opportunity to scam more players. There are number of casino sites that created their own token and ended up fooling their users and investors. That's the reason why more players are avoiding sites that has this kind of promotion. People behind casino sites with their own tokens are just taking advantage of it.

I agree I'm on two of these casino based tokens they've created their own token and tried to imitate the success of BETFURY but unfortunately, they lack promotion, consistency, and features to attract gamblers to play in their casino, it's very attractive for gamblers to invest in casino with their tokens but not all casinos have admins that are dedicated and with skills to advance their casinos.

[Fivestar4everMVP]

@op
Freebitco has been around for a very long time, Infact, I think it's the oldest casino listed on this forum, though they had no token when they started, but now, they have their own token call fun, and I think fun token price is majorly based on the fact they have been around for a very long time so they've won some level of trust from their investors.
I see no significant use case for fun tokens, if only the team behind the project can create some really nice use case for fun tokens, I personally think that the token would have made its way to the front page of coinmarketcap, that's top 100, but even at this, I don't think this can cause any kind of significant wave of casino tokens that will trigger a trend that will cause coinmarketcap to make a section for casino tokens.

[nurilham]

There may be era for this. But considering the recent condition, only few casinos that are interested in creating their token based. Most of them focus more on developing their gambling platforms, games, promotions, and other elements.
 creating their own token may be easy,but developing ang  managing it are complicated.

btw related to BFG, I agree with some members above.Why they don't list their BFG in higher exchange again? whereas they ever did signature payment with BTC.

[coin-investor]

@op
Freebitco has been around for a very long time, Infact, I think it's the oldest casino listed on this forum, though they had no token when they started, but now, they have their own token call fun, and I think fun token price is majorly based on the fact they have been around for a very long time so they've won some level of trust from their investors.
I see no significant use case for fun tokens, if only the team behind the project can create some really nice use case for fun tokens, I personally think that the token would have made its way to the front page of coinmarketcap, that's top 100, but even at this, I don't think this can cause any kind of significant wave of casino tokens that will trigger a trend that will cause coinmarketcap to make a section for casino tokens.

We need a sort of breakthrough to create a trend, FunToken is already there for a long time, Betfury and other casino based tokens are on their establishing stage if one of these tokens reaches the top 50 that might trigger the trend, anything and everything is possible in this technology and everything is a work in progress and its the community who will decide at the end of the day.

[uneng]

I see no significant use case for fun tokens, if only the team behind the project can create some really nice use case for fun tokens, I personally think that the token would have made its way to the front page of coinmarketcap, that's top 100, but even at this, I don't think this can cause any kind of significant wave of casino tokens that will trigger a trend that will cause coinmarketcap to make a section for casino tokens.

Well, I think they did create exclusive uses for FUN token, as we can see at freebitco.in site. They created the premium program which gives benefits and bonus to FUN holders inside the platform, besides the staking FUN program. They made FUN interesting for gamblers, faucet users and also for investors. That looks great for me and very innovative if compared to thousands of altcoins disponible on the market which offers nothing to adopters. There is potential to reach the top 100 rank futurely for FUN. The team just need to advertise more the premium program to investors, following the steps platforms like NEXO, Celsius and Blockfi did (since they also have native tokens ranking pretty good).

[maydna]

It is no surprise that FUN tokens have been listed on the exchange because they were launched sometime. OWL token and BFG token will follow the FUN token listed on the exchange, but it still needs time to see that. Both tokens, the OWL token and BFG token have the possibility to get more investors as the project is still going on and running and offers benefits to the investors.

Perhaps, we will see more new casinos have their own token and offer more benefits to their investors and members, and that will be more competition between the casinos to be the best casinos in the future.

[TheGreatPython]

There may be era for this. But considering the recent condition, only few casinos that are interested in creating their token based. Most of them focus more on developing their gambling platforms, games, promotions, and other elements.
 creating their own token may be easy,but developing ang  managing it are complicated.

btw related to BFG, I agree with some members above.Why they don't list their BFG in higher exchange again? whereas they ever did signature payment with BTC.

I don't know whether there will still be a boom for this because these things are not new anymore but some casinos are already doing this before. There may be newer casinos that venture the same thing but the number of them is still less, I don't know what's stopping other casinos to do the same thing but maybe they are already contented on what they have or on what they are currently earning?

And like you said there are more important things to focus on. That's the main thing that can drive users in the site, not the tokens, tokens are just an accessory and we already have tons of tokens in the market, casino owners don't want to add more.

[LUCKMCFLY]

There may be era for this. But considering the recent condition, only few casinos that are interested in creating their token based. Most of them focus more on developing their gambling platforms, games, promotions, and other elements.
 creating their own token may be easy,but developing ang  managing it are complicated.

btw related to BFG, I agree with some members above.Why they don't list their BFG in higher exchange again? whereas they ever did signature payment with BTC.

I don't know whether there will still be a boom for this because these things are not new anymore but some casinos are already doing this before. There may be newer casinos that venture the same thing but the number of them is still less, I don't know what's stopping other casinos to do the same thing but maybe they are already contented on what they have or on what they are currently earning?

And like you said there are more important things to focus on. That's the main thing that can drive users in the site, not the tokens, tokens are just an accessory and we already have tons of tokens in the market, casino owners don't want to add more.

I have been seeing some new casinos and they are taking advantage of their tokenization, I don't know if at the time they wanted to copy the business model that Betfury has, but this has given a lot to talk about, in the order of things Betfury kept launching the BFG token to an Exchange until the last, however in a recent casino that I have reviewed this week it already has the token launched by Bitmart, and they are listing it, sometimes they can copy certain models but in this case each one handle the market how you think things look best.