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Author Topic: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token  (Read 16860 times)
hd49728
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Today at 03:06:10 AM
 #1301

Unfortunately, most of the token project owners want people to buy their tokens from DEX to increase the number of holders and the adoption. But when the project is handled by another project where they are generating money, and the token generation comes from that platform, that is something else. You already have a huge user base on your platform, and the community is going to utilize your tokens, so you don't have to do extra marketing.
DEX is not only option for adoption but listing on DEX is helpful for project teams by saving very expensive listing cost on CEX (Centralized Exchanges).

Listing on CEX is favorite by cryptocurrency enthusiasts because they see it as one of commitment of a project team to their own project. Like spending pocket money for listing on CEX, the project team will not easily abandon that project. With project teams, listing on CEX has disadvantages too, for example, if they don't list a token on Tier-1 Centralized Exchanges, cost spent for listing will not bring good effects. Because of low trading volume on lower Tier CEX, trading volume of their token will be low, and price impacts will be very small or no impact at all.

DEX is good, and to use DEX, people must use non custodial wallets, that will help users to secure their own funds better. The team can easily to check token distribution of most of token holders are holding tokens in their non custodial wallets, not in exchange accounts. With investors in the community, watching and analyzing token distributions is important to avoid rug pulls.

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Today at 03:56:09 AM
 #1302

Although, they do already have the casino. Accepting SHFL for deposits and bets is "OK utility".

It's one of good utility for SHFL token.

Quote

I had the same debate with some regular posters in BitcoinTalk. Why would people use Bitcoin for their coffee transactions if they can merely use fiat? It would be inefficient to do fiat > Bitcoin > coffee transaction. But if their salaries are paid in Bitcoin, then it will make more sense to spend them, although sometimes, they might need to exchange them for fiat.


It can be big problem with Bitcoin transactions when mempools are not good, and transaction fee is expensive, but with most of altcoin blockchains, transaction fees are cheaper, and this issue no longer exists.

People who receive salary in SHFL token, or receive it from airdrop or any bonus program, will have no issue with on chain transaction fee. Ethereum ERC20 chain after the Dencun upgrade gives cheaper transaction fee too.


I don't have the latest information about Ethereum, but the fees there are simply too high, AND it's consistent/constant because the majority of their users utilize that blockchain more for trading tokens/NFTs than simple financial transactions. BUT my point was earning SHFL within the casino and spending/using them IN the casino itself through bets and probably another sort of future use case. Plus if the original game is an actual online game, then purchase gaming items with SHFL that could help increase a player's SHFL earnings perhaps? Cool

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fruktik
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Today at 05:01:26 AM
 #1303

Or they may vary some features to have their unique offering to the players. Because as we have observed, most casino games are similar, they just change their aesthetic features or some perks involved. Like for example, the crash game. Every casino can vary how they will present the crash game, like if they will use the rocket to crash or a car to crash.

With the competition among casinos, they need to find a way how to sustain the interest of their patrons. Otherwise, they will just hop on to the next interesting casino.
And how to achieve this advantage over other competitors? Apply new algorithms, games or something similar? How to become more noticeable against the background of many similar ones? Yes, there must be a unique feature that will become that very unique feature of the casino that others do not have.

Now most casinos give out bonuses to players and invite them to take part in promotions. This is the tool today that not only attracts, but also keeps people for a long period of time.

For example:

 
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Today at 11:05:06 AM
 #1304

Or they may vary some features to have their unique offering to the players. Because as we have observed, most casino games are similar, they just change their aesthetic features or some perks involved. Like for example, the crash game. Every casino can vary how they will present the crash game, like if they will use the rocket to crash or a car to crash.

With the competition among casinos, they need to find a way how to sustain the interest of their patrons. Otherwise, they will just hop on to the next interesting casino.
And how to achieve this advantage over other competitors? Apply new algorithms, games or something similar? How to become more noticeable against the background of many similar ones? Yes, there must be a unique feature that will become that very unique feature of the casino that others do not have.

Now most casinos give out bonuses to players and invite them to take part in promotions. This is the tool today that not only attracts, but also keeps people for a long period of time.


If you look at Shuffle on X here https://x.com/shufflecom you could see that they have lots of promotions and contest offer to their community.

They also do some good partnership to streamers before which is good move to be done especially that now this is famous way on how to market their casino.

So what they can add up is to go reach for global market and have a good deals with famous celebrities or sports club since this could bring a lot of traffic for their casino. Also the only thing they need to do now is to be consistent on having promotions since by this way they could attract more gamblers to play in their casino.


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Today at 11:10:30 AM
 #1305

DEX is not only option for adoption but listing on DEX is helpful for project teams by saving very expensive listing cost on CEX (Centralized Exchanges).

Listing on CEX is favorite by cryptocurrency enthusiasts because they see it as one of commitment of a project team to their own project. Like spending pocket money for listing on CEX, the project team will not easily abandon that project. With project teams, listing on CEX has disadvantages too, for example, if they don't list a token on Tier-1 Centralized Exchanges, cost spent for listing will not bring good effects. Because of low trading volume on lower Tier CEX, trading volume of their token will be low, and price impacts will be very small or no impact at all.

This is very true. I have seen a couple of projects that were listed on some unnamed CEX but later started to fade away. I guess you have seen the signature campaign of ElonCoin, which was started by Bitvest owner Light Lord. They have listed their token on some unpopular exchanges, but later, the trading volume became almost zero.

They have promoted their token on this forum as well, but there is no activity on their social media anymore. So, I assume it is because of the light lord, who disappears often, and the whole team depends on him. If a project team invests in the wrong place, they are unlikely to get a return.

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