Investing in Casino tokens such as BFG, OWL or TFS

[Fivestar4everMVP]

The value of the token/coin depends on its usage. Not only the casino platform but the developer should increase the demand for tokens. And along with that should be listed in good exchange. I think currently casino players are increasing but coin prices are not changing accordingly.

In order to increase demand for tokens, it is important to spread the word about that token in the crypto market. A gambling website may have been able to establish a strong foothold in the market, but it doesn't matter that their token price also increases.
Gambling websites have no choice but to list on major exchanges to generate demand for tokens. Because when a token is listed on a big exchange, the curiosity about that project is created among crypto investors.

I think listing a token on major exchanges with a mindset of generating demand for the token is what leads to pump in the beginning of the listing, and dump at the end of the day, this is a good way to generate demand for a projects token.
I agree more with the first quote which states that gambling developers that own this token should generate demand for it through usage, they should create multiple demand for the token that is totally outside exchange listings, if a token has a good use case, it price can pump and become a high valued asset even with one exchange trading it.
And what also we all need to understand is that tokens with good use case get easier listings process/procedures on major exchanges like binance, coinbase etc, than those that just want to list there for the sole purpose of pumping the price which eventually will dump at the end of the day.

[usekevin]

Owl game was reputed one,because it had huge amount of players as compared to other two.The promotion of that project was done with one of reputed manager of forum.Huge people had participated for the same.Secondly most people had their owl token for the play of game and as an asset.Owl token can be hold for the long run,surely the price will pump with the certain period of time.

[passwordnow]

How would token been known it's through the advertisement l. So any token that wants to have firm will make arrangements og people who will help to advertise the products of casino game. Because i can see that the essence of using people in bounty for advertisment it's because of promotion of a particular token, whicy is right.

That's all marketing. The usual way of marketing is through bounties but once the token has already gained traction, popularity, and momentum. They don't need it anymore and that's why they're going to focus on the use case and development of it which goes under the casino itself and why they've made the token. And the fact that they did a token is for their improvement and other offers to be good and that's why they've done that. Also, they can use any other marketing aside from those bounties and I do typically see most ads pop on search engines.

[ethereumhunter]

How would token been known it's through the advertisement l. So any token that wants to have firm will make arrangements og people who will help to advertise the products of casino game. Because i can see that the essence of using people in bounty for advertisment it's because of promotion of a particular token, whicy is right.

That's all marketing. The usual way of marketing is through bounties but once the token has already gained traction, popularity, and momentum. They don't need it anymore and that's why they're going to focus on the use case and development of it which goes under the casino itself and why they've made the token. And the fact that they did a token is for their improvement and other offers to be good and that's why they've done that. Also, they can use any other marketing aside from those bounties and I do typically see most ads pop on search engines.

There are many ways that casinos will use to attract gamblers so that they can get more members who will register on their site. Giving bonuses in the form of tokens is one of the ways that casinos may often use. Before the casino gives bonus tokens, the casino needs to consider how members can use the tokens to their advantage. If they can give this to their members, there's a good chance that more people will join the casino for bonus tokens that they can use for other benefits.

[Eternad]

Owl game was reputed one,because it had huge amount of players as compared to other two.The promotion of that project was done with one of reputed manager of forum.Huge people had participated for the same.Secondly most people had their owl token for the play of game and as an asset.Owl token can be hold for the long run,surely the price will pump with the certain period of time.

Betfury is much bigger than Owl.game if you are comparing the user number and the promotion they are launching on daily basis. BFG tokens is listed on many DEX and has a huge trading volume compared to Owl tokens. I think this is not the proper metrics on how to determine which are bigger because it should be base on the profit of the casino which we don’t have access.

But Betfury is the one who makes decentralized casino popular and they have a very huge community because of that title.

[dothebeats]

Owl game was reputed one,because it had huge amount of players as compared to other two.The promotion of that project was done with one of reputed manager of forum.Huge people had participated for the same.Secondly most people had their owl token for the play of game and as an asset.Owl token can be hold for the long run,surely the price will pump with the certain period of time.

Although I've been playing in owl games for some time now, I'm still not sold on their token on whether it will be worth something in the future or not. The casino in itself is a great platform, but that IMO isn't enough to ensure that they can take care of this token and its value over time.

Betfury is much bigger than Owl.game if you are comparing the user number and the promotion they are launching on daily basis. BFG tokens is listed on many DEX and has a huge trading volume compared to Owl tokens. I think this is not the proper metrics on how to determine which are bigger because it should be base on the profit of the casino which we don’t have access.

But Betfury is the one who makes decentralized casino popular and they have a very huge community because of that title.

Yes IIRC Betfury is a much larger entity than Owlgames given how long Betfury is in the industry. Also, their market share on casino tokens is much higher too.

[Fredomago]

How would token been known it's through the advertisement l. So any token that wants to have firm will make arrangements og people who will help to advertise the products of casino game. Because i can see that the essence of using people in bounty for advertisment it's because of promotion of a particular token, whicy is right.

That's all marketing. The usual way of marketing is through bounties but once the token has already gained traction, popularity, and momentum. They don't need it anymore and that's why they're going to focus on the use case and development of it which goes under the casino itself and why they've made the token. And the fact that they did a token is for their improvement and other offers to be good and that's why they've done that. Also, they can use any other marketing aside from those bounties and I do typically see most ads pop on search engines.

There are many ways that casinos will use to attract gamblers so that they can get more members who will register on their site. Giving bonuses in the form of tokens is one of the ways that casinos may often use. Before the casino gives bonus tokens, the casino needs to consider how members can use the tokens to their advantage. If they can give this to their members, there's a good chance that more people will join the casino for bonus tokens that they can use for other benefits.

Simply to attract attentions and probably to allow gamblers to consider those bonuses, an additional claim that gamblers can use to continue playing and also to earn from the casino, a token base rewards that will bring gamblers interest, so aside from playing and aiming to win from the bets, gamblers will also have the chance to increase their tokens in a form of staking rewards.

Most of the time, casino owners who created projects like this are looking for long-term relations with the gamblers. It's a token of appreciation for continuing the support of the project.

[harizen]

Owl game was reputed one,because it had huge amount of players as compared to other two.The promotion of that project was done with one of reputed manager of forum.Huge people had participated for the same.Secondly most people had their owl token for the play of game and as an asset.Owl token can be hold for the long run,surely the price will pump with the certain period of time.

Do we have a source for that? Where we can see the actual stats of how many players are actively playing at those 3? Or it's just a wild guess of yours since, among those 3 sites mentioned by OP, Owl.game seems the most active in doing campaigns when the time this thread was created?

Either way, I think we can't really compare these 3 sites in terms of most players they have.

Moving forward seems owl.games really attracts anyone's attention during the last month as it established its All-Time high however, like any other altcoins, nothing can withstand the effect of Bitcoin price once starts to enter the bearish mode.

[Hamza2424]

Let me make it more easy BTC has its own movement due to its unique Bussniess model and BTC is much more Sustainable as its Model is Trusted by maximum investors as they keep in mind that its the store of value Alts follow BTC movement and sometimes the developments donw on the alts make them possible to gain Up. But eventually common point is Demand and Supply if token you are investing is having 10B supply and 1B in market so There is need to make the Attraction of Investors to meet demand and supply to maintain Gains but thats nearly hard even Burning is Required sometimes. So utility+ demand decides your future.in the Alts.

[AmoreJaz]

Owl game was reputed one,because it had huge amount of players as compared to other two.The promotion of that project was done with one of reputed manager of forum.Huge people had participated for the same.Secondly most people had their owl token for the play of game and as an asset.Owl token can be hold for the long run,surely the price will pump with the certain period of time.

Do we have a source for that? Where we can see the actual stats of how many players are actively playing at those 3? Or it's just a wild guess of yours since, among those 3 sites mentioned by OP, Owl.game seems the most active in doing campaigns when the time this thread was created?

Either way, I think we can't really compare these 3 sites in terms of most players they have.

Moving forward seems owl.games really attracts anyone's attention during the last month as it established its All-Time high however, like any other altcoins, nothing can withstand the effect of Bitcoin price once starts to enter the bearish mode.

i don't think the stats are available. but what am seeing here is that i thought BFG is more popular than OWL. so it really depends on what we perceive here about these casino tokens. about if you are a holder of these tokens, you will know more about their usage, popularity or what they are doing in the current market. so if you own one, better keep up with the plans of the site itself and see if there is really future of holding one.

[NicNacCoin]

Owl game was reputed one,because it had huge amount of players as compared to other two.The promotion of that project was done with one of reputed manager of forum.Huge people had participated for the same.Secondly most people had their owl token for the play of game and as an asset.Owl token can be hold for the long run,surely the price will pump with the certain period of time.

Do we have a source for that? Where we can see the actual stats of how many players are actively playing at those 3? Or it's just a wild guess of yours since, among those 3 sites mentioned by OP, Owl.game seems the most active in doing campaigns when the time this thread was created?

Either way, I think we can't really compare these 3 sites in terms of most players they have.

Moving forward seems owl.games really attracts anyone's attention during the last month as it established its All-Time high however, like any other altcoins, nothing can withstand the effect of Bitcoin price once starts to enter the bearish mode.

i don't think the stats are available. but what am seeing here is that i thought BFG is more popular than OWL. so it really depends on what we perceive here about these casino tokens. about if you are a holder of these tokens, you will know more about their usage, popularity or what they are doing in the current market. so if you own one, better keep up with the plans of the site itself and see if there is really future of holding one.

Yes I definitely invested casino tokens but I BFG this casino token I invested.In particular, I left their tokens staking on the staking platform.Among all the casino coins I've seen, I'm being offered a few more token stacking bonuses from the BFG Casino platform.It's really gratifying. I am making a good profit every week from here. I took a lot of profit from here.For me the BFG platform is much better overall.

[bbc.reporter]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

Probably because more users are using the gambling platform and they prefer to use OWL token on the gambling site. There can be ways the token is promoted on the gambling site that makes people using the gambling site to buy it. As people that are using the gambling site increase, the token market worth will also increase, thus the price as well.

This is a late reply but everyone should see reality.

This is more because the whales and the project's team controls the market for OWL tokens which is also very illiquid. The market makers for this only needs a small amount of BNB and small amount of OWL tokens on the other side to maintain the price.

This is tokensniffer.com's analysis for OWL. This does not imply that OWL will rugpull because the team has been trustworthy since the beginning, however, the team certainly can if they want to rugpull.

https://tokensniffer.com/token/0x9085b4d52c3e0b8b6f9af6213e85a433c7d76f19

[ethereumhunter]

How would token been known it's through the advertisement l. So any token that wants to have firm will make arrangements og people who will help to advertise the products of casino game. Because i can see that the essence of using people in bounty for advertisment it's because of promotion of a particular token, whicy is right.

That's all marketing. The usual way of marketing is through bounties but once the token has already gained traction, popularity, and momentum. They don't need it anymore and that's why they're going to focus on the use case and development of it which goes under the casino itself and why they've made the token. And the fact that they did a token is for their improvement and other offers to be good and that's why they've done that. Also, they can use any other marketing aside from those bounties and I do typically see most ads pop on search engines.

There are many ways that casinos will use to attract gamblers so that they can get more members who will register on their site. Giving bonuses in the form of tokens is one of the ways that casinos may often use. Before the casino gives bonus tokens, the casino needs to consider how members can use the tokens to their advantage. If they can give this to their members, there's a good chance that more people will join the casino for bonus tokens that they can use for other benefits.

Simply to attract attentions and probably to allow gamblers to consider those bonuses, an additional claim that gamblers can use to continue playing and also to earn from the casino, a token base rewards that will bring gamblers interest, so aside from playing and aiming to win from the bets, gamblers will also have the chance to increase their tokens in a form of staking rewards.

Most of the time, casino owners who created projects like this are looking for long-term relations with the gamblers. It's a token of appreciation for continuing the support of the project.

That is why casinos need to think about registering their tokens with trusted exchange sites to show that their tokens have good value to continue to grow. Even though they have to compete with tokens from other casinos, as long as they stay consistent in building something that can be useful for their members, the token project will thrive in the future.

The gamblers themselves will try to get more tokens from the casino by depositing more of their money into the casino. It is this hope that makes many whale gamblers use more money to try to get more free tokens from that casino.

[passwordnow]

That's all marketing. The usual way of marketing is through bounties but once the token has already gained traction, popularity, and momentum. They don't need it anymore and that's why they're going to focus on the use case and development of it which goes under the casino itself and why they've made the token. And the fact that they did a token is for their improvement and other offers to be good and that's why they've done that. Also, they can use any other marketing aside from those bounties and I do typically see most ads pop on search engines.

There are many ways that casinos will use to attract gamblers so that they can get more members who will register on their site. Giving bonuses in the form of tokens is one of the ways that casinos may often use. Before the casino gives bonus tokens, the casino needs to consider how members can use the tokens to their advantage. If they can give this to their members, there's a good chance that more people will join the casino for bonus tokens that they can use for other benefits.

It's like a domino effect that they've seen this success of making tokens from the other casinos. And it's all really about crowdfunding to help the site upgrade and become better.
I salute those casinos despite their popularity, they're not dwelling and diving into this idea of having their own tokens because they can sustain their operations just how it used to be.

[ultrloa]

That's all marketing. The usual way of marketing is through bounties but once the token has already gained traction, popularity, and momentum. They don't need it anymore and that's why they're going to focus on the use case and development of it which goes under the casino itself and why they've made the token. And the fact that they did a token is for their improvement and other offers to be good and that's why they've done that. Also, they can use any other marketing aside from those bounties and I do typically see most ads pop on search engines.

There are many ways that casinos will use to attract gamblers so that they can get more members who will register on their site. Giving bonuses in the form of tokens is one of the ways that casinos may often use. Before the casino gives bonus tokens, the casino needs to consider how members can use the tokens to their advantage. If they can give this to their members, there's a good chance that more people will join the casino for bonus tokens that they can use for other benefits.

It's like a domino effect that they've seen this success of making tokens from the other casinos. And it's all really about crowdfunding to help the site upgrade and become better.
I salute those casinos despite their popularity, they're not dwelling and diving into this idea of having their own tokens because they can sustain their operations just how it used to be.

Yes since basically that means that those casino didn't join the token creation scene have enough funds to sustain their business and we can't see some reason about doing something bad in future because they are self sustainable already. Compare to those casino which offer a tokens to their users and I really find that little questionable since first they need to sustain the price of their token since if this one dump maybe this will lead to their existing and other players to lose their interest playing on those casino's.

[Doan9269]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.

[the rise]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.

a situation like this is quite difficult to describe, right, because tokens are clear we know are trading impressions that we can see can or at any time can go down drastically or vice versa, the view is also possible because it can go up continuously, the results of the money you get their platform is made to improve the quality of their tokens, if you want to trade or just want to store it better analyze it well

[Koro-Sensei]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.

Well I think its also due to market condition. We see a lil bit of pumping in the market recently. I saw that they are partnering with some big names out there and some influencers that could possibly be the reason for the pump. The market is recovering and surely we'll see more of these.

[Fredomago]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.

Timing and patience, both are needed to assure that you'll be able to gain the target potential profits, it's not easy but if you are good in analysing and you are keen in finding the right coin to invest, this market is big for you to make decent profits. Those mentioned tokens do have their respective ways to attract possible investors, more on how they will take the project and how they will follow the development.

Holding and staking are something that investors might be interested in and be attached to the project. As long as the developers are doing their job, there are investors that will support and invest in the project.

[Cookdata]

And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!

We need to understand that tokens are somethings that has more higher volatility even than the coins itself, well atimes those behind the NFT pump the price just to deceives and eventually you discover a sporadic decline in its value, this is risky enough but weather rising or falling ones you have your assets in tokens then bear in mind the more danger it poses and same way it has a good opportunity to provide as well, but the effect of pump and dump could be disastrous.

The less volume a token has, the more volatile it is and the easier it is to manipulate, which is why these tokens are pushed by a few buy orders and sell orders, resulting in dumps. Casino tokens do not normally have a use case like typical projects and hype like other tokens out there, so a single person or group can do whatever they want. They can even buy their token at a lower price and decide to pump the price, and once they get the attention of traders who like to pump and dump, they sell on them and withdraw their capital and profit.

My advice is to buy Casino tokens only if you need to use them for some benefits within the platform and not as an investment like other cryptos.