Investing in Casino tokens such as BFG, OWL or TFS

[Lakai01]

Most of the casino projects are not listed on a popular exchanges which I don't know why. Many of the exchanges they are listed are not that known and this alone do many users to be afriad of losing there funds and coins to exchange that has no reputation. How I wish some of these casinos coins are listed on popular exchanges, that will attract more investors to keep buying.

That would simply bring too few advantages for the casino I think. The coin is usually only known to the casino users and is used by them. If you do not play at the casino, you will hardly buy the tokens/coins because - apart from speculation - this would be kind of useless.

In addition, exchanges usually charge something for the listing and do not do it for free. I don't know the exact costs anymore, but a listing at Binance costs quite a bit of bitcoin, which the casino can certainly use better and improve the software, for example.

[delfastTions]

Most of the casino projects are not listed on a popular exchanges which I don't know why. Many of the exchanges they are listed are not that known and this alone do many users to be afriad of losing there funds and coins to exchange that has no reputation. How I wish some of these casinos coins are listed on popular exchanges, that will attract more investors to keep buying.

That would simply bring too few advantages for the casino I think. The coin is usually only known to the casino users and is used by them. If you do not play at the casino, you will hardly buy the tokens/coins because - apart from speculation - this would be kind of useless.

In addition, exchanges usually charge something for the listing and do not do it for free. I don't know the exact costs anymore, but a listing at Binance costs quite a bit of bitcoin, which the casino can certainly use better and improve the software, for example.

Yeah!  The main reason why there is no listing of game tokens on major exchanges, I think, is that they are really not very common and are used only by players of a particular casino.  Therefore, the free circulation of such tokens cannot have a tendency to significant expansion.  Such assets are not of interest to exchanges because they bring too little income.  I think that large exchanges simply refuse casinos to list tokens, even such well-known ones as BFG.
 However, exchange opportunities remain on small CEXs or DEXs.  And this is quite enough.

[LUCKMCFLY]

gambling token only survive if its gambling platform survive , demand come from its user and actually when it dumped user should buy it for cheap price. they used it as regular usage  when gamble, so why should affraid with it. if we understand , gambling token was not for investment portofolio , so when ever it down or rise it have no influence to gamblers, except they hold it and hope could be another top cryptocurrencies. owl , moonbet could be example on how it dumped, as long as gambling platform user  needed they will buy it no matter in bearish trend.

When you think these tokens are not an investment then why would gamblers go to buy these tokens? It is important to establish what benefits gamblers will get by just using these tokens within the gambling platform. No token demand is created overnight, it requires proper development and facilities for gamblers. At least I will not be interested in buying and using that token on any gambling platform when a token continues to be dumping. It is very difficult to achieve success until the right demand is created in the market.

Well, I don't know how it will be that the other players can see these tokens, but obviously they have to see it as an investment, which gives some benefits within the casino, but in the end they are taken as an investment, of course, these tokens would take much more level and more seriously if they would be in an exchange like Binanace, Kucoin, exchanges that give confidence, for some investors this is essential, because I know that they can have good demand volume in a decentralized exchange, but nothing like these exchanges that give more category and can achieve many things to continue doing, if we take into account what they can achieve, the potential of each token is unimaginable.

All these altcoins and platforms that offer very high APY's are not sustainable and will either lower them dramatically or just become a scam . I prefer a "lower" APY like 50 or 60% but that you know is sustainable in the long term.

True but i rarely seen a gambling platforms that does the same like meme token which has been offering like thousands percents or even more. Mostly of gambling tokens were offering realistic staking combined with dividend to the token holders based on how many revenue being received by the platform will be divided with total tokens that being owned by token holders. People will not also believe if the platform has been offering non sense APY like meme token.

It based from the revenue and it gives interest to potential investors who are also playing inside the house, they are seeing how the business works and what are the possible ways of earnings aside from trying some luck playing their favorite gambling games, those staking rewards are sufficient to hold their investment and wait till the value of the asset will grow.

Investing in casino tokens is similar to investing in gaming tokens like AXS, ATLAS, or ILV. They can't be considered a long term investment and is only profitable during their hype. They are also centralized so there is no guarantee that they will survive for many years and if the company owning them shuts down, the token will be abandoned and its price will definitely lose value.

It’s not a matter of Centralized or Decentralized tokens, no one will be 100% guaranteed. If gamble tokens is good utility why it will not be long term? i see a few gamble platform surviving for the last few years and their tokens have good enough utilities in the market. But i'm not fan of holding gamble tokens, especially long term i will never invest.

A matter of choice and how you foresaw the success of any assets that you think will work for you or serve as your investment token, maybe from your view, gambling token is not worthy to invest your money, but for some other investors they are okay with gambling tokens, they belive that with the success of the business the chance is good for them to gain decent profits in the long run.

Well there is something that we must understand, all people who buy tokens or who buy altcoins have to know that they have made a calculation based on their profits, (what they decide to risk is already up to each one) in case of that, a reasonable time from the moment the BTC rises in price, because it is most likely that the altcoins and tokens begin their bullish career, this means that we as investors must review very well what we are going to do and the ROI (if any) From the moment that BTC reaches a good price, this is something that should be taken into account, otherwise I think that a person will always have uncertainty in their life.

Investing in casino tokens is similar to investing in gaming tokens like AXS, ATLAS, or ILV. They can't be considered a long term investment and is only profitable during their hype. They are also centralized so there is no guarantee that they will survive for many years and if the company owning them shuts down, the token will be abandoned and its price will definitely lose value.

It’s not a matter of Centralized or Decentralized tokens, no one will be 100% guaranteed. If gamble tokens is good utility why it will not be long term? i see a few gamble platform surviving for the last few years and their tokens have good enough utilities in the market. But i'm not fan of holding gamble tokens, especially long term i will never invest.

Most of the casino projects are not listed on a popular exchanges which I don't know why. Many of the exchanges they are listed are not that known and this alone do many users to be afriad of losing there funds and coins to exchange that has no reputation. How I wish some of these casinos coins are listed on popular exchanges, that will attract more investors to keep buying.

Well, to be honest, he was a person who always advocated that they go for Binance, because it is one of the most famous exchanges and has a large amount of capitalization and volume that is handled, but I do not like that the data that a government needs Binance gives them once, I do not like that they are always kneeling before governments, that is something that disappoints anyone and whoever is an investor will not trust, I would be happy if they enter an exchange like Kucoin, for me it is very complete, It is an exchange that has proven to be very reliable and has handled very good market volumes.

[Fredomago]

Well there is something that we must understand, all people who buy tokens or who buy altcoins have to know that they have made a calculation based on their profits, (what they decide to risk is already up to each one) in case of that, a reasonable time from the moment the BTC rises in price, because it is most likely that the altcoins and tokens begin their bullish career, this means that we as investors must review very well what we are going to do and the ROI (if any) From the moment that BTC reaches a good price, this is something that should be taken into account, otherwise I think that a person will always have uncertainty in their life.

Setting your target after placing your investment is the bes way when working to this kind of investment, aside from waiting for the value to grow staking also helps to add more for your profits, but it's always better to understand that opportunities will come up and if you know when to make your exit with profitable venture even casino tokens will give your benefits, it's just a matter of how well you really deal with your research and you really anticipate the right time frame for you to earn out from your investment.

Either with the full amount of your investment togehter with your staking rewards or you will just take your initial capital and allow
your gain profits to grow more.

[CryptoYar]

Most of the casino projects are not listed on a popular exchanges which I don't know why. Many of the exchanges they are listed are not that known and this alone do many users to be afriad of losing there funds and coins to exchange that has no reputation. How I wish some of these casinos coins are listed on popular exchanges, that will attract more investors to keep buying.

The major exchanges review the project community before listing any token. If the community is large, they list it. If not, they don't list.

So far I have not seen any such gambling project whose community is large so that it can be listed on any major exchange.

“If a coin has a large number of users, then we will list it. That’s the overwhelming significant attribute. Consider for example meme tokens, even though I personally don’t get it, if it’s used by a large number of users we list it. We go by the community, my opinion doesn’t matter.”

[ChiNgadOr]

All these altcoins and platforms that offer very high APY's are not sustainable and will either lower them dramatically or just become a scam . I prefer a "lower" APY like 50 or 60% but that you know is sustainable in the long term.

Good projects only give realistic APY but if any other coin gives high APY then you have to be careful because it only attracts interest from highest APY staking influence, so I think coins from gambling don't offer high APY. The most important advice is never to be attracted to high APY because basically it is not a stable coin and tends to decrease in price so there is no profit impact from staking.

Indeed, but if a memecoin/shitcoin is giving out crazy APY of 1000% or more, it always sounds a bit appealing. And if you get in early in such projects and cash in on time, you can make a serious profit. Never worked for me though lol, so that's why I prefer more 'serious' projects with lower APY.

There are many serious and reliable projects in the market that we could invest in and have rest of mind but sometimes we might think that it many not give us a good return especially when you take a look at staking them. Many of those good projects always have low returns and APY when you stake them because they are very reliable with good team but because many of use are looking for projects with high APY, we do ignore them and go for something that looks very cheap with lots of promises and plans.

[iv4n]

Staking is only good when the value is going up or does simply had the potential on rising up on the future plus staking does really have that small APY's but there are some altcoins and platforms do really offer those

All these altcoins and platforms that offer very high APY's are not sustainable and will either lower them dramatically or just become a scam . I prefer a "lower" APY like 50 or 60% but that you know is sustainable in the long term.

APY is something that people should think of when they are investing in staking some casino token. But you can't apply the same math when you only gamble, the tokens we get from wagering will give us some passive income, but depending on the choice of games and style of playing some people can wager more or less with the same amount! I am trying to point out that every time I make a post in this thread, with $100 you can wager a lot, I mean a lot like over $10k or even more, and you will get a lot more tokens than you could buy with $100.

And we can invest in staking, but some casinos don't have their tokens on market, the only way to obtain some is to play and earn them through wagering. In such cases calculating APY sounds a bit funny to me, simply the style of playing will/can contribute to earning more or fewer tokens with the same balance. And there's also an important factor called luck! With a bit of luck, wagering can be even profitable.

[FanEagle]

There are many serious and reliable projects in the market that we could invest in and have rest of mind but sometimes we might think that it many not give us a good return especially when you take a look at staking them. Many of those good projects always have low returns and APY when you stake them because they are very reliable with good team but because many of use are looking for projects with high APY, we do ignore them and go for something that looks very cheap with lots of promises and plans.

There is a fine line between investing into a project with no backing but just the investors/community, and investing into something that is tied to a casino. They have both have their advantage and disadvantage at the same time. If we are talking about just a regular coin or token that takes its power from the people then it could go up if there are more people and everyone is hyped, or it could be terrible if there are people losing interest to it.

The similar thing but very different happens with casino tokens, which means if casino is doing well then it could do well, if the casino is doing badly then it may do badly as well. So you have to ask yourself, do you trust the future of what it's tied to.

[Piesel]

One thing we should understand is, that altcoin is an altcoin and there are no two ways about that, but then even though some altcoins are used as utility tokens they still perform in the market so for the sake of investment, casino tokens may not be the best option since there have less traffics in terms of volume and trading markets.

[Heartilly]

One thing we should understand is, that altcoin is an altcoin and there are no two ways about that, but then even though some altcoins are used as utility tokens they still perform in the market so for the sake of investment, casino tokens may not be the best option since there have less traffics in terms of volume and trading markets.

Either way, if we play it right in the market, there's always a profit in return. Treat these casino tokens the same as how we treat other altcoins in terms of making profits. As long as there's a steady volume, these coins are worthy for short-term trades.

Anyways, OWLDAO is currently on a nice run recently. Right now they are up 20.7% in the last 24 hours. Still -55.7% short during their All-time High last June but still with that increase recently in the current market state right now, that's a good sign that this token is still considered to trade by most traders.

[ScamViruS]

gambling token only survive if its gambling platform survive , demand come from its user and actually when it dumped user should buy it for cheap price. they used it as regular usage  when gamble, so why should affraid with it. if we understand , gambling token was not for investment portofolio , so when ever it down or rise it have no influence to gamblers, except they hold it and hope could be another top cryptocurrencies. owl , moonbet could be example on how it dumped, as long as gambling platform user  needed they will buy it no matter in bearish trend.

When you think these tokens are not an investment then why would gamblers go to buy these tokens? It is important to establish what benefits gamblers will get by just using these tokens within the gambling platform. No token demand is created overnight, it requires proper development and facilities for gamblers. At least I will not be interested in buying and using that token on any gambling platform when a token continues to be dumping. It is very difficult to achieve success until the right demand is created in the market.

Well, I don't know how it will be that the other players can see these tokens, but obviously they have to see it as an investment, which gives some benefits within the casino, but in the end they are taken as an investment, of course, these tokens would take much more level and more seriously if they would be in an exchange like Binanace, Kucoin, exchanges that give confidence, for some investors this is essential, because I know that they can have good demand volume in a decentralized exchange, but nothing like these exchanges that give more category and can achieve many things to continue doing, if we take into account what they can achieve, the potential of each token is unimaginable.

I think centralized exchanges will allow these tokens to be listed on their exchanges later. And for this, these tokens need huge popularity and huge demand in the crypto market. Because if the volume is low then they will never consider these tokens. And increasing market volume requires creating demand and creating a strong ecosystem. If the project does not gain popularity through development then it is futile to expect anything big.

[dimonstration]

One thing we should understand is, that altcoin is an altcoin and there are no two ways about that, but then even though some altcoins are used as utility tokens they still perform in the market so for the sake of investment, casino tokens may not be the best option since there have less traffics in terms of volume and trading markets.

Either way, if we play it right in the market, there's always a profit in return. Treat these casino tokens the same as how we treat other altcoins in terms of making profits. As long as there's a steady volume, these coins are worthy for short-term trades.

Anyways, OWLDAO is currently on a nice run recently. Right now they are up 20.7% in the last 24 hours. Still -55.7% short during their All-time High last June but still with that increase recently in the current market state right now, that's a good sign that this token is still considered to trade by most traders.

This is true. So far Owldao is the best among the casino utility tokens in terms of performance because the devs keeps doing the buy back using the casino profit and burned it. Besides they are buying on exchange directly to reduce the circulating supply available on the exchange to boost the price unlike other casino tokens that just burned a portion of the circulating supply coming for the reserves of the project and not from the exchang tokens which does not give any price impact.

[goinmerry]

This is true. So far Owldao is the best among the casino utility tokens in terms of performance because the devs keeps doing the buy back using the casino profit and burned it. Besides they are buying on exchange directly to reduce the circulating supply available on the exchange to boost the price unlike other casino tokens that just burned a portion of the circulating supply coming for the reserves of the project and not from the exchang tokens which does not give any price impact.

MEXC seems the exchange where OWL is actively trading where it has a daily average volume of $20,000 or around 1.8M OWL tokens.

I see a bunch of 200,000 OWL buy orders there set at a different price if ever the upper wall is crash.

Is that part of the team's operation buyback? I believed those orders are not owned by the same person or who knows.

[Piesel]

This is true. So far Owldao is the best among the casino utility tokens in terms of performance because the devs keeps doing the buy back using the casino profit and burned it. Besides they are buying on exchange directly to reduce the circulating supply available on the exchange to boost the price unlike other casino tokens that just burned a portion of the circulating supply coming for the reserves of the project and not from the exchange tokens which does not give any price impact.

This is exactly why the owl token has become one of the most popular casino tokens around and even though the token market has undergone some number of up and down am happy that the token is recovering fast and the volume is constantly increasing.

That shows that the team is constantly working to improve the owl token ecosystem.

[erep]

MEXC seems the exchange where OWL is actively trading where it has a daily average volume of $20,000 or around 1.8M OWL tokens.

I see a bunch of 200,000 OWL buy orders there set at a different price if ever the upper wall is crash.

Is that part of the team's operation buyback? I believed those orders are not owned by the same person or who knows.

We never know the activity on the exchange but maybe the team also contributed to the increase in the daily trading volume, pay attention to the trading history for the purchase of 400+ tokens in every second, but the purchase order volume is lower to maintain the rate above $0.01 and the team should release the latest news to support it an increase in the price of the token when the market recovers.

[stomachgrowls]

MEXC seems the exchange where OWL is actively trading where it has a daily average volume of $20,000 or around 1.8M OWL tokens.

I see a bunch of 200,000 OWL buy orders there set at a different price if ever the upper wall is crash.

Is that part of the team's operation buyback? I believed those orders are not owned by the same person or who knows.

We never know the activity on the exchange but maybe the team also contributed to the increase in the daily trading volume, pay attention to the trading history for the purchase of 400+ tokens in every second, but the purchase order volume is lower to maintain the rate above $0.01 and the team should release the latest news to support it an increase in the price of the token when the market recovers.

Buybacks made by the team will eventually be having those kind of announcements which would really be adding up more hype and interest specially for those who are just still observing or have doubts.

Buy orders couldnt really be determine if its owned by the team itself or came from typical investors or traders who had been actively dealing on a certain coin.

Its really hard to point fingers which we know that everything cant really be known on whose behind those huge orders but eventually and we should mind off
that it could be faked out just to drag on some hype and insights of possible pump and might those orders would be pulled again when the price is uprising.

[chaser15]

MEXC seems the exchange where OWL is actively trading where it has a daily average volume of $20,000 or around 1.8M OWL tokens.

I see a bunch of 200,000 OWL buy orders there set at a different price if ever the upper wall is crash.

Is that part of the team's operation buyback? I believed those orders are not owned by the same person or who knows.

We never know the activity on the exchange but maybe the team also contributed to the increase in the daily trading volume, pay attention to the trading history for the purchase of 400+ tokens in every second, but the purchase order volume is lower to maintain the rate above $0.01 and the team should release the latest news to support it an increase in the price of the token when the market recovers.

How long have they already doing these buybacks? In return, are they the only ones doing the best effort and didn't getting some support from random traders?

If that is so, that's alarming as it's not getting any interest but the price is just being maintained by the team. What a good effort though. They really need to do serious marketing since they can handle at least their price. I think when they reached their ATH, that's the time they are active in marketing.

I think those mentioned different 200,000 quantities are being handled by the same account. It's no coincidence to see such multiple same orders.

[makishart]

This is true. So far Owldao is the best among the casino utility tokens in terms of performance because the devs keeps doing the buy back using the casino profit and burned it. Besides they are buying on exchange directly to reduce the circulating supply available on the exchange to boost the price unlike other casino tokens that just burned a portion of the circulating supply coming for the reserves of the project and not from the exchange tokens which does not give any price impact.

This is exactly why the owl token has become one of the most popular casino tokens around and even though the token market has undergone some number of up and down am happy that the token is recovering fast and the volume is constantly increasing.

That shows that the team is constantly working to improve the owl token ecosystem.

Im not sure about this. Did you see fun token before? This gambling token has traded on binance with greater volume and demand compared with the owl token. I don't even think the popularity of owl token is far greater compared with the fun token.
You will be seeing that FUN token may be explained as a gaming tokens but it's gaming for gambling purpose. It can be seen from its roadmap as it has also developed decentralized gambling platforms too.
The daily volume is farr bigger compared with owl dao which is almost 2 millions USD. This is the most popular gambling tokens among the crypto community for now.

[AmoreJaz]

This is true. So far Owldao is the best among the casino utility tokens in terms of performance because the devs keeps doing the buy back using the casino profit and burned it. Besides they are buying on exchange directly to reduce the circulating supply available on the exchange to boost the price unlike other casino tokens that just burned a portion of the circulating supply coming for the reserves of the project and not from the exchange tokens which does not give any price impact.

This is exactly why the owl token has become one of the most popular casino tokens around and even though the token market has undergone some number of up and down am happy that the token is recovering fast and the volume is constantly increasing.

That shows that the team is constantly working to improve the owl token ecosystem.

Im not sure about this. Did you see fun token before? This gambling token has traded on binance with greater volume and demand compared with the owl token. I don't even think the popularity of owl token is far greater compared with the fun token.
You will be seeing that FUN token may be explained as a gaming tokens but it's gaming for gambling purpose. It can be seen from its roadmap as it has also developed decentralized gambling platforms too.
The daily volume is farr bigger compared with owl dao which is almost 2 millions USD. This is the most popular gambling tokens among the crypto community for now.

if you compare the trading volume of FUN vs OWLDAO, definitely, FUN is way above and different level than FUN. if FUN is already in the million-dollar level, OWLDAO is just in the thousands of dollars. now, it is up to the holder how he look at the profitability of holding casino tokens. is he using that also within the casino or just merely waiting the price increase in the exchange? either way, the holder should know were to put his funds with. no one can tell him exactly what to do with his funds.

[Piesel]

This is true. So far Owldao is the best among the casino utility tokens in terms of performance because the devs keeps doing the buy back using the casino profit and burned it. Besides they are buying on exchange directly to reduce the circulating supply available on the exchange to boost the price unlike other casino tokens that just burned a portion of the circulating supply coming for the reserves of the project and not from the exchange tokens which does not give any price impact.

This is exactly why the owl token has become one of the most popular casino tokens around and even though the token market has undergone some number of up and down am happy that the token is recovering fast and the volume is constantly increasing.

That shows that the team is constantly working to improve the owl token ecosystem.

Im not sure about this. Did you see fun token before? This gambling token has traded on binance with greater volume and demand compared with the owl token. I don't even think the popularity of owl token is far greater compared with the fun token.
You will be seeing that FUN token may be explained as a gaming tokens but it's gaming for gambling purpose. It can be seen from its roadmap as it has also developed decentralized gambling platforms too.
The daily volume is farr bigger compared with owl dao which is almost 2 millions USD. This is the most popular gambling tokens among the crypto community for now.

I have not really being following up with Fun token performance on the exchange, but am aware of the success of some gambling tokens as some have made it to top exchanges some have gotten listed on first class exchange like Binances and okex.

But may may not have made an exaggerated statement to say owl is also doing well on the Dapp even though, the token value have decreased recently.