Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NoLimitCoin NLC for Fantasy Sports Game [SHA256d][PoW/PoS][ICO]
by
truethat
on 20/06/2018, 05:30:22 UTC
I would suggest not having high fees for nlc2 purchases or cash-ins to fiat on the sites.  Because that just looks like a hidden rake fee.  Just keep the price pegged to what its trading in the exchanges.  Don't punish your customers that want to gamble.  make it very cheap and easy for them to buy with fiat, then sell back to fiat on the cc for example.  So they can play games and get out.  Daily Fantasy Sports is fine for crypto because its very little market exposure.  Or poker.  No problemo.  But fees like 10%, or whatever fees above what an exchange would charge are just penalties.  I really think the people who want to gamble won't be the people speculating on the exchanges.  its two separate worlds.  So long as you are charging the prices determined by the exchanges its fine.  But using that to make money is a no no.  its a hidden rake fee.  lets be honest.

keeping the coins transferring within the sites is fine.  having less trading on the exchanges will help the value.  just like staking.  But people staking won't be the people gambling.  i thought maybe they would be the same people, but i don't think so. 

just make it really simple, cheap, and easy for people to use their cc on the sites to buy nlc2, play for an hour or a day, then get it back to their cc. 

for longer tournaments i don't even think nlc2 will make sense.  Because its too much market exposure.  there will always be fluctuaions in value when you trade commodities.  even going from the Euro to the Dollar is a pain sometimes.  People don't want to deal with this if they're just trying to gamble.  Imagine poker chips in a casino if they were, for example, pegged to DASH.  for a day, maybe a week at most, it might be ok, but after that it wouldn't make sense because its too much market exposure. 

get rid of the high fees, guys.  its just a hidden rake from a practical point of view. 

nlc2 is a great coin.  but the crypto speculators and gamblers are different people.