Could these be unrealistic promises? Rewards in real money with no wagering requirements sound too good to be true. Casinos typically have wagering requirements to prevent bonus abuse.
And how we can verify that this online casino is licensed on the Telegram platform?
Good question because winning from free spins can be a big amount if the player has a great luck while playing it.
No wagering requirement is fine but if there is no other requirement/term behind the winning from the free spins, then yes it can be easily abused.
If I have to guess, there must be something like max amount to withdraw from the winning of free spins.
There can also be other requirement such as the deposit need to be wagered first in order to be allowed to withdraw.
OP needs to explain all the terms of this bonus to avoid confusion as well as to avoid possible complaints later.
You can find full details in the app when you press "PROMO" and choose "Read More". Here's couple points from the VIP spins welcome offer terms and conditions:
11. There is no maximum win limit for Free Spins; enjoy your winnings without restrictions.
12. Winnings from Free Spins have no wagering requirements and are credited as real money.When it comes to deposit being wagered. As for now it's 1x the deposit amount.
Could these be unrealistic promises? Rewards in real money with no wagering requirements sound too good to be true. Casinos typically have wagering requirements to prevent bonus abuse.
And how we can verify that this online casino is licensed on the Telegram platform?
Other casino like Duelbits, Bitcasino and Winz.io offer a non wager requirements to all the rewards given from their event such as free spin. I believe they only offer a low bet amount out of the free spin probably the bare minimum of spin amount which is 0.1$ per spin.
It’s too good to be true if the rewards is on cash already and not from the free spin especially that the game is on Gates of Olympus which is a volatile game from Pragmatic. Most probably you will get a penny out of that free spin.
We're offering VIP spins: 5x the value of regular free spins
Experience unmatched: Anonymously
Define Anonymously, because i don't see that feature in your TOS.
https://www.playgram.io/c-3-lightbox.html3.4. You may not use a VPN, proxy or similar services or devices that mask or manipulate the identification of your real location.
And if we go to the footer on your site and click on the AML, we will see the next:
Customer identification and verification (KYC)
The formal identification of customers on entry into commercial relations is a vital element, both for the regulations relating to money laundering and for the KYC policy.
This identification relies on the following fundamental principles:
A copy of your passport, ID card or driving license, each shown alongside a handwritten note mentioning six random generated numbers. Also, a second picture with the face of the user/customer is required. The user/customer may blur out every information, besides date of birth, nationality, gender, first name, second name and the picture. To secure their privacy.
So, your casino doesn't after Anonymous gambling that's a fake claim.
But the fact that you bring the slots providers to telegram is awesome, +1 for your developers, they did an awesome job on this move, but what i don't get is why only limit the casino to telegram, if you already have a license the you could offer it on both platforms, Telegram and Web site.
By default, Telegram as a platform is rather anonymous, private and secure and that also means we're not collecting much information about our customers. I could probably even say that we collect less than most other crypto casinos simply due to the platform we use
When it comes to KYC procedures. It can be triggered for example based on which deposit method is being used: Choose between Crypto or Buy Crypto. The latter option uses a third-party on-ramp service, and we have no control over whether they enforce KYC, similar to many crypto exchanges.
Then where KYC procedures are mostly used is, as unfortunate as it is: To prevent fraudulent activity. Whether it's multi-accounting, bonus abuse, money laundering or taking over someones account etc.
At the end we could've gone without a license, but I believe choosing a license brings trust to every party involved
About the website: Nothing can match the feeling you get when you finally get something after waiting for it for a long time
Rewards in real money. No wagering requirements to lock your funds
I need clarification on this, but I assume this is only for a deposit that has no bonus. it would be nice if you could explain it more in detail so people won't misinterpret what it means.
We've decided not to offer deposit bonuses in the usual way. For example: Get 100% up to 0.005 Bitcoin with 40x wager requirement. What we mean by wager free/real cash rewards is that when you get free spins and win, the winnings come without wager requirement. Another example could be that you receive your weekly cashback based on your gameplay. You can either decide to play with that or withdraw it. It's yours to keep in any case.
I see, I want to give an example just to be sure I understand it. so on the original post, there is a "$50 deposit: Get 25 VIP spins on Gates of Olympus", Does this mean that we get a $50 dollar credit on our account and 25 VIP spins on Gates of Olympus and everything that is won on those 25 VIP spins doesn't have a wagering requirement and can be withdrawn immediately?
It means when you deposit $50 or more, you get credited 25 VIP spins to Gates of Olympus. Whatever you win with VIP free spins are yours to keep, not locked by wager requirement. As a general rule any deposit amount should be wagered 1x before making a withdrawal request. In this case total bets should equal to $50 or more.
Please note: This is
not a traditional deposit match up bonus. Just a free spins offer with VIP flair.
Welcome to the forum, your name really indicates that this is a telegram casino. You are probably the first crypto casino on Bitcointalk that's licensed by the Government of the Autonomous Island of Anjouan, Union of Comoros. Usually, every casino is licensed by Curacao or Costa Rica. I'm curious about why you decided to use this license.
Btw I wonder why are so many casinos today creating a telegram casino instead of traditional, www casinos? Is this because of marketing or is there any loophole or what is the reason? Telegram casinos are basically not different from web casinos, we just get access to
www.something.io via Telegram app.
Thank you! The text was left there by accident: We're licensed in Curaçao
About Telegram casinos popping up, I'd guess it's a great opportunity to create the most seamless casino experience. No app installations, possibility to integrate TON and it also gives players a bit more privacy.
Yeah, that is something which actually came to my mind as well. Sounds very weird and kind of unrealistic a casino which is based and run in a platform like Telegram somehow managed to get licensed by some reputable license issuers, specifically those in the same league which provide of license to big and reliable casinos.
Perhaps OP is trying to mean his casino running on Telegram is some kind of extension or addon to some web domain/desktop casino he wants to use for the sake of getting the license, otherwise, I find it very difficult to license issuers to set such precedent and giving green light to a casino of this characteristics.
Also, realistically, they are going to implement wagering restrictions on those bonuses, for the sake of their profitably, if they do not then the abuse by gamblers will be inevitable.
There's many Telegram Mini Apps on the platform that I'd recommend to look around
In theory you can make any website to run through Telegram Web App. It's like a mobile version of the website which can feel and look quite clunky. Ours is developed specifically to work on Telegram.
Also like mentioned before on this thread, there's few other brands that also offer rewards to players without wager requirement. It's definitely more rare than deposit bonuses, but I feel it's the right way to go and this way players always control their money if they wish to withdraw or play live casino for example.
Phew! What a long post
Play responsibly,
Casino Manager Playgram