Recently there has been a lot of gambling ICOs, with Bitdice etc.
I think the idea of social competition where people can match up with each other instead of having to deal with a boring order book is great and will boost the business. However whether or not an ICO is going to be worth an investment is doubtful.
Where are the token's value actually going to come from?
I think the idea of social competition where people can match up with each other instead of having to deal with a boring order book is great and will boost the business. However whether or not an ICO is going to be worth an investment is doubtful.
Where are the token's value actually going to come from?
Yes there has been a lot of gambling ICOs, but most are casino or computer gaming type gambling. Stockbet is the only one focused on financial betting that I'm aware of.
The token's value is going to come from multiple sources
- Winnings. Token holders are like the house. The house always wins.
- The white paper says that a % of the house cut will be burned. So with deflation, the tokens will go up in value
- Demand. Let's say people want to gamble in total $1 billion worth. They'll have to buy Stockbet tokens to do this. This will drive up demand for Stockbet tokens and its value.
True. Thanks for your clarification.
So the plan is when the ICO ends, every single bet will be processed in the tokens that are sold in the initial ICO stage, correct? I mean this is definitely interesting and i've personally wanted something like this(1v1 bets) for a long time.
Hopefully more people can hear about this project
