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FinneysTrueVision
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December 12, 2024, 06:40:28 AM |
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Some gambling sites will allow staking of their coins but again these tactics won't work much. I am saying this based on the experiences as we have few other gambling site having their native token but they aren't performing good in terms of price.
Expectations should always be kept realistic. Going out and buying a large bag isn’t the best strategy. You won’t profit much from trading. The benefits come from earning the tokens and then holding them to earn dividends. Once they are listed you can cash them out or continue holding them if the benefits are worth it.
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efialtis
Legendary
Offline
Activity: 2324
Merit: 1551
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December 12, 2024, 08:06:12 AM |
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Salahmu
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December 12, 2024, 08:32:37 AM |
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If this were true, I would agree with you. But, what I understood from the entire post and sentences of the representative of Galactix.io, this is not what he meant I guess  . Because as you can see I have already marked down it to green on the bellow they "to withdraw we must have to wager an amount equivalent to our deposit amount and about the $100 deposit and wager and the $100 withdrawal I think they must said it just an example as he already mentioned  Yes, that is correct. Withdrawals are subject to AML policies. To withdraw, you must wager an amount equivalent to your deposit. For example, if you deposit and wager $100, you can withdraw $100. This policy ensures compliance with AML regulations.
The withdrawal policy is not nice because this is like telling the gambler what they would withdraw or not from there own account they funded with there money, actually a gambler should have the right to withdraw any amount they won so long as is below there maximum, however what if someone deposited $200 and won $800 and based on the rules they withdraw $200, how would they be able to make a withdrawal from the remaining $600? Or is it that after the first withdrawal they would use their remaining balance to win the amount use in deposit before they can withdraw again?.
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Numeral
Legendary
Online
Activity: 1176
Merit: 1515
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December 12, 2024, 09:20:21 AM |
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In this thread there have already been discussions about the first deposit bonus at Galactix crypto casino. But I would like to leave here also a promo code that allows you to increase your deposit by 200%, or maybe someone can't find it. The promo code: GALACTIX200. It should be entered in a special form when registering an account in the system. In general, if someone has not yet registered an account, then be sure to specify this code, additional money for the game will not be superfluous.
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Wonder Work
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December 12, 2024, 10:15:56 AM |
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Some gambling sites will allow staking of their coins but again these tactics won't work much. I am saying this based on the experiences as we have few other gambling site having their native token but they aren't performing good in terms of price.
Expectations should always be kept realistic. Going out and buying a large bag isn’t the best strategy. You won’t profit much from trading. The benefits come from earning the tokens and then holding them to earn dividends. Once they are listed you can cash them out or continue holding them if the benefits are worth it. If the token price increases quickly and they can withdraw their profits from here very fast, it would be very good for them. But their patience is so short that they think they will come here and leave with something good. Those who can hold the tokens can enjoy the benefits later. I have seen many such tokens that had no value in the beginning, but after a long time, they have given a good amount of benefits from them. Those who do not have the mentality to hold the tokens will not be able to have realistic expectations from here and will not get good benefits. However, I myself have many tokens that I have kept for more than 3-4 years, but I do not see any good side in them. Still, I am holding the tokens, and let's see what happens in the future. Let me share one thing with you: If I have been holding the coins that I have been holding for 3-4 years and I do not see any good side in them, then is it right to still hold them? The promo code: GALACTIX200. It should be entered in a special form when registering an account in the system. In general, if someone has not yet registered an account, then be sure to specify this code, additional money for the game will not be superfluous.
Is this a quote you have made yourself, or has the Galactix website provided it for bonuses?
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Numeral
Legendary
Online
Activity: 1176
Merit: 1515
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December 12, 2024, 11:14:05 AM |
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Is this a quote you have made yourself, or has the Galactix website provided it for bonuses?
This code is from the official Galactix.io website. I found it on this page - https://galactix.io/promos/promo-offer. The promo code is for all users, it is not a referral code created by me. So you can safely use no referral linking it does not imply. I just didn't find the code anywhere in this thread and decided to post it here.
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Haunebu
Legendary
Offline
Activity: 3752
Merit: 1014
www.Crypto.Games: Multiple coins, multiple games
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December 12, 2024, 12:00:09 PM |
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But, what I understood from the entire post and sentences of the representative of Galactix.io, this is not what he meant I guess  . Because as you can see I have already marked down it to green on the bellow they "to withdraw we must have to wager an amount equivalent to our deposit amount and about the $100 deposit and wager and the $100 withdrawal I think they must said it just an example as he already mentioned  They made it unnecessarily confusing to be frank with you. Casinos usually state that the gambler must wager their deposit 1x times in order to withdraw their funds without specifying exact amounts or anything. They specify particular odds for sports betting too. This is all meant to prevent money laundering, but I think this is the first time for me seeing a casino unnecessarily complicating this stuff.
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virasog
Legendary
Offline
Activity: 3668
Merit: 1200
Leading Crypto Sports Betting & Casino Platform
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December 12, 2024, 04:18:26 PM |
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But, what I understood from the entire post and sentences of the representative of Galactix.io, this is not what he meant I guess  . Because as you can see I have already marked down it to green on the bellow they "to withdraw we must have to wager an amount equivalent to our deposit amount and about the $100 deposit and wager and the $100 withdrawal I think they must said it just an example as he already mentioned  They made it unnecessarily confusing to be frank with you. Casinos usually state that the gambler must wager their deposit 1x times in order to withdraw their funds without specifying exact amounts or anything. They specify particular odds for sports betting too. This is all meant to prevent money laundering, but I think this is the first time for me seeing a casino unnecessarily complicating this stuff. OP hasn't replied to our concerns about this issue and it remains a mystery. Another thing i noticed that OP isn't been active on this thread for the last few days even if I see his status online. The last reply we saw from him was on 8th December and since then he hasn't responded to queries. Being new in this forum, I think the Galactix team should need to be super active in the forum and address gamblers' concerns and queries promptly. That will not only help to engage the gamblers but also the trust of the gambling site increases if they are keen to respond.
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tbct_mt2
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December 12, 2024, 04:24:43 PM |
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It's cool to see BTCGOSU here because of your team professionality, if you already agreed to work with a casino, in promotion, it means that casino get good review from you. I know that BTCGOSU is professional and keep your review unbiased. At least it is what I knew with your works so far, it can change in future, I don't know but my belief goes to BTCGOSU. The partnership through this promotion is like a solid check mark for quality of Galactix.io.
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iv4n
Legendary
Offline
Activity: 3836
Merit: 1279
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December 12, 2024, 04:53:48 PM |
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Cool welcome pack, I already tried some stuff. But this Xmas Special sounds awesome... I guess we need to prepare for a week of playing slots at Galactix this time. Well, I am definitely in. Hopefully, I will have some good hits and not lose everything chasing them. I am looking forward to the competition and the fight for the first place. Good luck all!
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Cryptomultiplier
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December 12, 2024, 05:27:58 PM |
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Some gambling sites will allow staking of their coins but again these tactics won't work much. I am saying this based on the experiences as we have few other gambling site having their native token but they aren't performing good in terms of price.
Expectations should always be kept realistic. Going out and buying a large bag isn’t the best strategy. You won’t profit much from trading. The benefits come from earning the tokens and then holding them to earn dividends. Once they are listed you can cash them out or continue holding them if the benefits are worth it. I won't really discourage anyone from spending their funds in any way they choose, of which may include huge amounts being spent on buying any token that may become a massive success tomorrow. Galactix.io token can become valuable tomorrow because I can see that they are in it for the achievements in success they hope to get from delivering a satisfactory experience for its users.
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|MINER|
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December 12, 2024, 06:54:15 PM |
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The withdrawal policy is not nice because this is like telling the gambler what they would withdraw or not from there own account they funded with there money, actually a gambler should have the right to withdraw any amount they won so long as is below there maximum, however what if someone deposited $200 and won $800 and based on the rules they withdraw $200, how would they be able to make a withdrawal from the remaining $600? Or is it that after the first withdrawal they would use their remaining balance to win the amount use in deposit before they can withdraw again?.
Once again maybe we misunderstanding something although it will be more clearer when their Official repetitive will reply on this matter now things are clear for me now like for the anti-money laundering policy may be set the requirement like at least 1x wager, and I also got this they said it like if we deposited 200$ we must wager at least 200$ for withdrawing and even if we won $800 and meet the 1x wager requirement there will be no issues of withdrawing the $800. Like I already asked on their support system that " if I deposited 100$ and after 1x wager if I win 1000dollar how much I will be able to withdraw" and their support reply is here-  They made it unnecessarily confusing to be frank with you. Casinos usually state that the gambler must wager their deposit 1x times in order to withdraw their funds without specifying exact amounts or anything.
They specify particular odds for sports betting too. This is all meant to prevent money laundering, but I think this is the first time for me seeing a casino unnecessarily complicating this stuff.
I am also not fan of these rules I always love to have the withdraw my fund even if I don't made any wager until if I do any suspicious activities but I also think there is no confusing things still now. Maybe their official representative will clear it by their updates.
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tabas
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December 12, 2024, 09:06:00 PM |
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Yup, it's their native token and I haven't read anything about listing it on exchanges. This is a good utility token that shall not go out yet on exchanges because that could disrupt the tokenomics of it. So, think of it as an incentived token for their users and the ones that will buy the token inside their own platform. It has some sort of the same function like the ones who invests on casino bankrolls.
Well i am not very much interested in the gambling site token because they do not have much utility. I understand that the gambling site token will used in the site for gambling but that can be done through other coins too, so why need a particular gambling site coin ? It's the same with what we do in other services that they offer their own card. It's a form of incentive and that's how they do it. I understand what you're saying that they do not have to do that. But it's like a form of rewards for those loyal customers or investors that believes on them. We see this from every casino nowadays and any services that's growing and wanting to keep their repeat customers and userbase. Some gambling sites will allow staking of their coins but again these tactics won't work much. I am saying this based on the experiences as we have few other gambling site having their native token but they aren't performing good in terms of price.
I agree. That's locking the value in it by staking and offering percentage returns. It won't work at all times but every casino has their own right on how to retain their customers and as well as the value that they bring into their business.
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Ale88
Legendary
Offline
Activity: 3080
Merit: 3691
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December 13, 2024, 04:16:26 AM |
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I really like the website's graphic and colors, and there already are a lot of games! I would suggest that maybe the user should be able to try the games without the need to actually have funds available and/or betting real money in order to get a first idea of the whole website or simply some specific game.
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maydna
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December 13, 2024, 05:29:52 AM |
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I really like the website's graphic and colors, and there already are a lot of games! I would suggest that maybe the user should be able to try the games without the need to actually have funds available and/or betting real money in order to get a first idea of the whole website or simply some specific game.
Yes, you are right because with free mode available it can be fun for members who want to test first the games. Also, for slot games, I am only familiar with two provider which is Pragmatic Play and Netent. But it is nice to have more slot providers so members will have more options that they can select. Everything is running smoothly without a problem in my ends.
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Abbatty
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December 13, 2024, 11:14:15 AM |
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I really like the website's graphic and colors, and there already are a lot of games! I would suggest that maybe the user should be able to try the games without the need to actually have funds available and/or betting real money in order to get a first idea of the whole website or simply some specific game.
Yeah, you are absolutely right, I can bet that most people just open an account and leave the site without checking out the games because they feel they haven't made deposit yet. Free modes like this make you very familiar with the games so by the time you make deposit you will already know the game you want to play.
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Galactix (OP)
Copper Member
Member

Offline
Activity: 64
Merit: 26
Cosmic Casino
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December 13, 2024, 11:37:14 AM |
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-snip-
Yeah. This makes no sense whatsoever. Non bonus withdrawals should have 1x wagering requirement max in order to avoid money laundering which is probably what they meant in this case. If it's what you mentioned, they would lose a ton of gamblers instantly since such a rule would make no sense whatsoever. Let's see how they respond to this. Perhaps OP made a small mistake on the example, I'm trying to think positively until OP give a clarification as maybe OP want to say that in order to withdraw, 1x wagering of the deposited amount is required. The withdrawal terms information also the same as most other casinos, so hopefully it is just about not a clear example only. Of course they will lose their players if it works like what the example I gave above because it will be like that the casino wont allow players to win. Galactix team should see what other gambling sites are following the wagering requirements and should make similiar rules for wagering and deposits. If they try to experiment with unrealistic expectations and give tough wagering conditions then gamblers will avoid this site. I hope OP clarifies this and there should be only 1x wagering requirement for the deposits. Yes, if they offer any bonuses etc, then they can charge extra wagering conditions. Let me clarify this  Let’s say you deposit $100, wager the full $100, and win $900, giving you a total of $1000 in your account. Currently, in such a case, you can withdraw $100 at a time (your withdrawal amount equals your account wager amount). However, you don’t need to wager an additional $900 to withdraw your winnings. You can make multiple withdrawals of $100 until the full amount is withdrawn.
This policy is in place to comply with AML regulations. It ensures that deposited funds are actively used for gambling rather than being cycled through the platform for other purposes. This approach helps maintain the integrity of our operations while ensuring fair gameplay. That said, we understand this logic may feel restrictive for some, and we’re already discussing ways to improve it to make withdrawals smoother and more user-friendly. Thanks for your feedback—it’s incredibly valuable as we continue refining our platform! I don't know if we are having different deposits options but TRX deposit on my account is still the same $20 minimum deposit just as everyother coin or is there something I am missing?
Maybe you could show me where I am getting it wrong!
What you’re pointing out is correct for deposits with the Deposit Match Bonus—in that case, the minimum deposit is $20. However, for TRX deposits without the bonus, the minimum deposit is $5. I hope this clears up the confusion! Let me know if you have any other questions. 😊 Yup, it's their native token and I haven't read anything about listing it on exchanges. This is a good utility token that shall not go out yet on exchanges because that could disrupt the tokenomics of it. So, think of it as an incentived token for their users and the ones that will buy the token inside their own platform. It has some sort of the same function like the ones who invests on casino bankrolls.
Well i am not very much interested in the gambling site token because they do not have much utility. I understand that the gambling site token will used in the site for gambling but that can be done through other coins too, so why need a particular gambling site coin ? It's the same with what we do in other services that they offer their own card. It's a form of incentive and that's how they do it. I understand what you're saying that they do not have to do that. But it's like a form of rewards for those loyal customers or investors that believes on them. We see this from every casino nowadays and any services that's growing and wanting to keep their repeat customers and userbase. Some gambling sites will allow staking of their coins but again these tactics won't work much. I am saying this based on the experiences as we have few other gambling site having their native token but they aren't performing good in terms of price.
I agree. That's locking the value in it by staking and offering percentage returns. It won't work at all times but every casino has their own right on how to retain their customers and as well as the value that they bring into their business. GLX isn’t just another token—it’s designed to offer real value and incentives to our players. Unlike other tokens, GLX holders benefit from daily dividends, allowing them to earn passive income based on the platform’s revenue. It’s not just about gambling; it’s about rewarding loyalty and giving players a stake in the success of the platform. While we understand that some gambling tokens may not perform well, we’re committed to building utility and sustainability around GLX to ensure it remains beneficial for our users. Dividends, for example, allow players to reap rewards simply by holding the token. We truly appreciate your feedback and encourage you to explore more about how GLX is integrated into our platform. It’s all about creating value and rewarding those who support Galactix! 🚀
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Explore Your Galactic Gaming Destination!
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Pumared
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December 13, 2024, 12:14:59 PM |
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Great explanations, thanks for that. I've seen other betting sites with this same model regarding bets/withdrawals. I think it's pretty easy to understand over time, but at first it's really complicated to understand. But the important thing is that the funds are safe.
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.Winna.com.. | │ | ░░░░░░░▄▀▀▀ ░░█ █ █▒█ ▐▌▒▐▌ ▄▄▄█▒▒▒█▄▄▄ █████████████ █████████████ ▀███▀▒▀███▀
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Numeral
Legendary
Online
Activity: 1176
Merit: 1515
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December 13, 2024, 06:20:42 PM |
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GLX isn’t just another token—it’s designed to offer real value and incentives to our players. Unlike other tokens, GLX holders benefit from daily dividends, allowing them to earn passive income based on the platform’s revenue. It’s not just about gambling; it’s about rewarding loyalty and giving players a stake in the success of the platform.
While we understand that some gambling tokens may not perform well, we’re committed to building utility and sustainability around GLX to ensure it remains beneficial for our users. Dividends, for example, allow players to reap rewards simply by holding the token.
We truly appreciate your feedback and encourage you to explore more about how GLX is integrated into our platform. It’s all about creating value and rewarding those who support Galactix! 🚀
It's a great idea to issue a token that will earn users various rewards on the gaming platform (Plus, as far as I understand, there will be an advanced staking model on GLX). This feature of these tokens will keep the price on them at a decent level, because users who receive GLX tokens will not be eager to sell them immediately, as there will be some interest to hold them.
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Salahmu
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December 13, 2024, 08:29:32 PM |
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The withdrawal policy is not nice because this is like telling the gambler what they would withdraw or not from there own account they funded with there money, actually a gambler should have the right to withdraw any amount they won so long as is below there maximum, however what if someone deposited $200 and won $800 and based on the rules they withdraw $200, how would they be able to make a withdrawal from the remaining $600? Or is it that after the first withdrawal they would use their remaining balance to win the amount use in deposit before they can withdraw again?.
Like I already asked on their support system that " if I deposited 100$ and after 1x wager if I win 1000dollar how much I will be able to withdraw" and their support reply is here-  Yeah sounds very nice now from the support team because they have really explain the deposit, wagering and the withdrawal that was confusing us, perhaps is from the way there team explain it earlier that made me not to understand the actual point he meant, however since someone can deposit $100 and wager all and after winning they can withdraw all the money if they wish to is very nice but sometimes people can still get cut up because there are people who can be lucky into using $60 from the deposit to win a huge amount but will need to remain $40 on his account because he has not wager all the money he deposited.
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