Hey players,
I was looking for opportunity between casinos and found two crypto project which claim that have 0% fees on games, named zeroedge and edgeless. Do you have any experience with them? I asked in their telegram groups, how their concept works, they answered me that their concept is based on their own cryptocurrency, that will grow with number of players and also that not every game will be with 0% fees. I still don't know if it's enough, maybe blockchain will spare some money, on the other hand, they should have big reserve to be able to run. What do you think, will these project successful?
There is no need to experiment such projects.
Let's be clear a casino is made to make money. No one creates a casino just for the fun.
So if they "claim" they have 0% fee, means 0% house edge... How do they earn money?
Of course tons of casinos sporadically drop their house edge to 0 for like 1 hour just to bring more players, but that's like the faucets it's just a marketing operation.
If a project claims to have 0% house edge you can be sure that they'll either run with your money or simply cheat on the house edge xD
I'm not sure friend if there isn't a need. From the beginning, people in crypto try to achieve widespread adoption. I personally think that this could be the right way, almost everyone from us bet in lotteries, is has involved in poker or sports betting and gambling. If you provide people a way how they can using crypto in simplified way, there will use it if they think that this approach will have advantage them (spare money). There a few projects dealing with zero transaction fees, these projects based on DAG have a problem with centralization their nodes in early stage, this could be solution for them, how obtain enough people to their ecosystem.
How do they earn money?
1) advertisement as we mentioned in this thread
2) casino will own tokens, they future earnings will flow from their tokens (bankroll can be created initial capital or venture capital or ICO)
3) you definitely don't have to have ALL games with 0% house edge, commissions, rakes
There could be plenty settings how set this system to be profitable