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[rodskee]

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Managed to be one of the winners in this contest. I am very glad, because it was the first time I won a cash prize in a contest on this forum. I didn't expect to win, but then bang and suddenly I was lucky. I recommend everyone to participate in contests, sooner or later, according to the theory of probability and you will definitely smile luck.

yup these contests are also usually very easy to join and participate in you just need to make an account on the platform and register through here on the forum these contests are typically free as well and will only take a few minutes of your time sometimes even less than 5 i have not been that lucky but i will continue nonetheless

Many thanks to Galactix.io for the series of contests on the forum. And also thanks to those who directly conduct these contests on our forum!

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[babygun]

$10 wagered for every 1 token is not cheap... other casinos had a lot lower "mining price" when they started, but not all. Chips is another example where the mining prices were pretty high. Maybe it's just my imagination, but maybe someone can compare dividend-based casinos and make some statistics, it seems to me that the lower cost of mining in-house tokens attracts more attention and those casinos grow faster... just my opinion & imagination.

Thanks again for your stats iv4n. I like the idea of a comparison of dividend based casinos as it seems to be getting more and more popular and it is an interesting concept as you can earn some passive income. I don't really have the time to do it but maybe Efialtis from BTCGOSU could help us out ?

[panjul07]

$10 wagered for every 1 token is not cheap... other casinos had a lot lower "mining price" when they started, but not all. Chips is another example where the mining prices were pretty high. Maybe it's just my imagination, but maybe someone can compare dividend-based casinos and make some statistics, it seems to me that the lower cost of mining in-house tokens attracts more attention and those casinos grow faster... just my opinion & imagination.

Thanks again for your stats iv4n. I like the idea of a comparison of dividend based casinos as it seems to be getting more and more popular and it is an interesting concept as you can earn some passive income. I don't really have the time to do it but maybe Efialtis from BTCGOSU could help us out ?

Yes dividend can be a passive income but we also need to look at how we can do it, if the token can be earned by wagering only then we will need to wager a lot of money in order to have decent amount of token that can be staked for the dividend.
If we are small time gamblers or even small investors, we should not expect this kind of token staking program/dividend will be a good feature to earn passive income.
About the comparison between similar dividend based casinos, I think it is not an easy task to do so I think efialtis from Gosu will also have time to do it.

[tabas]

Thanks again for your stats iv4n. I like the idea of a comparison of dividend based casinos as it seems to be getting more and more popular and it is an interesting concept as you can earn some passive income. I don't really have the time to do it but maybe Efialtis from BTCGOSU could help us out ?

There's a quick review of GLX token on btcgosu about it and it might not be the same as what ivan has explained but both sources have explained it well on how it goes. So, all information are there and taking a little bit of your time will give you some an idea on how it goes and I hope you'll get to try it.

[Galactix]

$10 wagered for every 1 token is not cheap... other casinos had a lot lower "mining price" when they started, but not all. Chips is another example where the mining prices were pretty high. Maybe it's just my imagination, but maybe someone can compare dividend-based casinos and make some statistics, it seems to me that the lower cost of mining in-house tokens attracts more attention and those casinos grow faster... just my opinion & imagination.

Thanks again for your stats iv4n. I like the idea of a comparison of dividend based casinos as it seems to be getting more and more popular and it is an interesting concept as you can earn some passive income. I don't really have the time to do it but maybe Efialtis from BTCGOSU could help us out ?

Yes dividend can be a passive income but we also need to look at how we can do it, if the token can be earned by wagering only then we will need to wager a lot of money in order to have decent amount of token that can be staked for the dividend.
If we are small time gamblers or even small investors, we should not expect this kind of token staking program/dividend will be a good feature to earn passive income.
About the comparison between similar dividend based casinos, I think it is not an easy task to do so I think efialtis from Gosu will also have time to do it.

Thank you for sharing your thoughts

The $10 wager-to-GLX ratio is intentionally set to maintain the value of the token and ensure sustainability. By linking token generation to meaningful gameplay, we prevent an oversupply of tokens, which helps keep their value stable and allows for higher dividends for all holders. This approach ensures that the system rewards both active players and long-term investors while preserving the token’s utility.

For players who don’t wager large amounts, there are other ways to earn GLX tokens as well. Completing quests on the platform can reward you with tokens, and you can also find GLX in chests as prizes. These options are great for casual players to build up their token holdings while enjoying the platform.

We appreciate your feedback 

[babygun]

Thanks again for your stats iv4n. I like the idea of a comparison of dividend based casinos as it seems to be getting more and more popular and it is an interesting concept as you can earn some passive income. I don't really have the time to do it but maybe Efialtis from BTCGOSU could help us out ?

There's a quick review of GLX token on btcgosu about it and it might not be the same as what ivan has explained but both sources have explained it well on how it goes. So, all information are there and taking a little bit of your time will give you some an idea on how it goes and I hope you'll get to try it.

I read that review from Efialtis, as always it is detailed but the ideal would be an overview where we can see how much does it cost to mine 1 token and what is the reward. One benefit that Galactix seems to have is that the mining price is not progressive but stats at 10$.

[tabas]

Thanks again for your stats iv4n. I like the idea of a comparison of dividend based casinos as it seems to be getting more and more popular and it is an interesting concept as you can earn some passive income. I don't really have the time to do it but maybe Efialtis from BTCGOSU could help us out ?

There's a quick review of GLX token on btcgosu about it and it might not be the same as what ivan has explained but both sources have explained it well on how it goes. So, all information are there and taking a little bit of your time will give you some an idea on how it goes and I hope you'll get to try it.

I read that review from Efialtis, as always it is detailed but the ideal would be an overview where we can see how much does it cost to mine 1 token and what is the reward. One benefit that Galactix seems to have is that the mining price is not progressive but stats at 10$.

Ivan has mentioned that it costs $10 wager for one to mine 1 GLX token. That's as per his experience and the support has just answered above that it's the cost of mining a GLX token and there's the reason why.

For players who don’t wager large amounts, there are other ways to earn GLX tokens as well. Completing quests on the platform can reward you with tokens, and you can also find GLX in chests as prizes. These options are great for casual players to build up their token holdings while enjoying the platform.

We appreciate your feedback 

That's actually a good alternative for those that can't wager a lot and can't keep themselves composed for long term to wager. So, with those options that you've mentioned, they're really great options for normal players to hold, wager and mine GLX tokens.

[Galactix]

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I read that review from Efialtis, as always it is detailed but the ideal would be an overview where we can see how much does it cost to mine 1 token and what is the reward. One benefit that Galactix seems to have is that the mining price is not progressive but stats at 10$.

Yes, the mining rate is $10 wagered for 1 GLX token, but you can boost your mining rate using Mining Axes. These are special mining boosts that you get in your inventory by completing quests. 

Mining Axes increase the amount of GLX you earn per wager, making it easier to accumulate tokens faster while playing

[moderator's note: consecutive posts merged]

[babygun]

I read that review from Efialtis, as always it is detailed but the ideal would be an overview where we can see how much does it cost to mine 1 token and what is the reward. One benefit that Galactix seems to have is that the mining price is not progressive but stats at 10$.

Yes, the mining rate is $10 wagered for 1 GLX token, but you can boost your mining rate using Mining Axes. These are special mining boosts that you get in your inventory by completing quests. 

Mining Axes increase the amount of GLX you earn per wager, making it easier to accumulate tokens faster while playing

That will help for sure but it is nice that it will always be 10$ wagering for 1 GLX token. The biggest downside for me is that you need to wager 1000$ before you can mine the GLX tokens. I know you have your reasons for it and you are doing in the best of the site and the members but other dividend sites don't have those requirements making them more accesible.

[Galactix]

I read that review from Efialtis, as always it is detailed but the ideal would be an overview where we can see how much does it cost to mine 1 token and what is the reward. One benefit that Galactix seems to have is that the mining price is not progressive but stats at 10$.

Yes, the mining rate is $10 wagered for 1 GLX token, but you can boost your mining rate using Mining Axes. These are special mining boosts that you get in your inventory by completing quests.  

Mining Axes increase the amount of GLX you earn per wager, making it easier to accumulate tokens faster while playing

That will help for sure but it is nice that it will always be 10$ wagering for 1 GLX token. The biggest downside for me is that you need to wager 1000$ before you can mine the GLX tokens. I know you have your reasons for it and you are doing in the best of the site and the members but other dividend sites don't have those requirements making them more accesible.

That’s totally understandable, and we appreciate your perspective!  

Yes, the mining rate will always be $10 wagered for 1 GLX, and it won’t increase over time. As for the $1,000 wagering requirement to start mining, we set this to ensure long-term sustainability of the token and to keep dividends meaningful for those actively engaged with the platform.  

While some other dividend-based sites don’t have this requirement, we designed our system this way to prevent an oversupply of tokens and ensure they hold real value. Our goal is to create a balanced ecosystem where GLX remains rewarding for both casual and high-stakes players.  

That said, we’re always listening to feedback and continuously evaluating ways to improve the system while keeping it fair and sustainable. Thanks again for sharing your thoughts—we truly appreciate the discussion!


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[moderator's note: consecutive posts merged]

[SamReomo]

Yes, the mining rate will always be $10 wagered for 1 GLX, and it won’t increase over time. As for the $1,000 wagering requirement to start mining, we set this to ensure long-term sustainability of the token and to keep dividends meaningful for those actively engaged with the platform. 

I believe you guys should still reconsider and reduce that wagering requirement to half as $500 would be a good enough wagering goal for someone to begin mining of that GLX token. It's good to know that $10 wagered = 1 GLX and that's a really good way to mine the tokens but the initial $1,000 could be hard for the players who use low amount for betting. That's why I believe $500 is going to be much helpful for all players.

[babygun]

Yes, the mining rate will always be $10 wagered for 1 GLX, and it won’t increase over time. As for the $1,000 wagering requirement to start mining, we set this to ensure long-term sustainability of the token and to keep dividends meaningful for those actively engaged with the platform. 

I believe you guys should still reconsider and reduce that wagering requirement to half as $500 would be a good enough wagering goal for someone to begin mining of that GLX token. It's good to know that $10 wagered = 1 GLX and that's a really good way to mine the tokens but the initial $1,000 could be hard for the players who use low amount for betting. That's why I believe $500 is going to be much helpful for all players.

I second that idea or I would even cancel the requirements. There has been some discussion about this on this topic but it is unlikely they will change their requirements. They have their reasons do it but multiple members already asked to reconsider the rules with no success.

[Galactix]

Yes, the mining rate will always be $10 wagered for 1 GLX, and it won’t increase over time. As for the $1,000 wagering requirement to start mining, we set this to ensure long-term sustainability of the token and to keep dividends meaningful for those actively engaged with the platform. 

I believe you guys should still reconsider and reduce that wagering requirement to half as $500 would be a good enough wagering goal for someone to begin mining of that GLX token. It's good to know that $10 wagered = 1 GLX and that's a really good way to mine the tokens but the initial $1,000 could be hard for the players who use low amount for betting. That's why I believe $500 is going to be much helpful for all players.

I second that idea or I would even cancel the requirements. There has been some discussion about this on this topic but it is unlikely they will change their requirements. They have their reasons do it but multiple members already asked to reconsider the rules with no success.

We really appreciate your feedback and the suggestions.

The $1,000 wagering requirement was set to ensure that GLX remains valuable and that mining is tied to active engagement rather than just passive accumulation. This helps maintain long-term sustainability and prevents an oversupply of tokens, which could affect dividends and the overall token economy.

That being said, we’re always open to reviewing our systems and making improvements based on player feedback. While we can’t promise immediate changes, we will take this into consideration and discuss internally to see if adjustments can be made to make mining more accessible while still maintaining balance.

Thanks again for sharing your thoughts—it really helps us improve and shape the platform! 🚀

[Galactix]

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[icopress]

I second that idea or I would even cancel the requirements. [...]

Removing the requirements is a bad idea. A long time ago when I worked with Neodice they had similar terms and after they removed the requirements within a week they had several hundred obvious cases of abuse (I say this because I saw the evidence they provided) 

[notocactus]

Removing the requirements is a bad idea. A long time ago when I worked with Neodice they had similar terms and after they removed the requirements within a week they had several hundred obvious cases of abuse (I say this because I saw the evidence they provided)  

If a company don't want to waste their budget by pure giveaway, they will have to set up terms and conditions of their programs. Terms and conditions are so helpful to prevent abusements from users, bounty hunters, and it will increase positive effects they can get from programs.

If things are executed with paid costs, it must be managed with clear and very detailed, well-minded terms and conditions. With any company, running marketing programs and let it abused easily is very bad as it is a way of using company budget inefficiently. I can take examples of altcoin bounties that become more complex, with more tasks, and more technical tools for checking possible cheating and abusements from participants. Recent years, perhaps bounties are less intensively hosted in Bitcoin forum as altcoin projects tend to move to other platforms with automatic tools for cheating detections.

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Removing the requirements is a bad idea. A long time ago when I worked with Neodice they had similar terms and after they removed the requirements within a week they had several hundred obvious cases of abuse (I say this because I saw the evidence they provided)  

If a company don't want to waste their budget by pure giveaway, they will have to set up terms and conditions of their programs. Terms and conditions are so helpful to prevent abusements from users, bounty hunters, and it will increase positive effects they can get from programs.

If things are executed with paid costs, it must be managed with clear and very detailed, well-minded terms and conditions. With any company, running marketing programs and let it abused easily is very bad as it is a way of using company budget inefficiently. I can take examples of altcoin bounties that become more complex, with more tasks, and more technical tools for checking possible cheating and abusements from participants. Recent years, perhaps bounties are less intensively hosted in Bitcoin forum as altcoin projects tend to move to other platforms with automatic tools for cheating detections.

That’s exactly the reasoning behind our approach. Removing requirements altogether might sound good on paper, but in reality, it would lead to abuse and devalue the token economy, which wouldn’t benefit long-term players.

The $1,000 wagering requirement ensures that GLX tokens are earned through real engagement rather than just being farmed by users looking for quick gains. This helps maintain token value, dividend sustainability, and overall platform integrity.

We appreciate the conversation—these discussions help us refine and improve Galactix while keeping it fair for everyone!


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[moderator's note: consecutive posts merged]

[SamReomo]

That’s exactly the reasoning behind our approach. Removing requirements altogether might sound good on paper, but in reality, it would lead to abuse and devalue the token economy, which wouldn’t benefit long-term players.

Well, I agree with Icopress, it's not worth it to remove the requirement as there can be many cases of abuse once the requirement is removed but actually making the requirement to $500 could be still helpful as it's still not for everyone to reach or cross that $500 wagering requirement but the ones who are eager to mine token will get happy as they now have to wager just $500 instead of $1000 to begin mining the token.

[iv4n]

Well, I agree with Icopress, it's not worth it to remove the requirement as there can be many cases of abuse once the requirement is removed but actually making the requirement to $500 could be still helpful as it's still not for everyone to reach or cross that $500 wagering requirement but the ones who are eager to mine token will get happy as they now have to wager just $500 instead of $1000 to begin mining the token.

Every requirement makes it harder for abusers, that's why they exist. And I think that $1000 is not a lot, we don't need to wager all that money at once. We just need to pay attention to this casino, deposit/play only here for a while and $1000 will be wagered at some point.

Galactix has some restrictions, unlike other casinos that have their own token. We can't mine the token while playing with a bonus, which is a stupid rule in my opinion... If we want a bonus, we can't mine, or vice versa. I like it when I can use all the features in the casino, and not have to choose whether to do this or that... that's why we choose where they gamble. If Galactix wants to attract more attention they should make some changes and deal with marketing on a higher level...

[Galactix]

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