Quote from: adaseb on November 20, 2019, 04:54:34 AM

Quote from: dice game on November 05, 2019, 05:43:18 AM

DC will soon open a BTC redemption service on the website (one-click exchange transaction, use DC to play the game, you will get additional discounts, of course, you can also convert DC to BTC). At the same time, the plans of the DC listed exchanges are also in progress, detailed platform redemption functions and exchanges, we will explain in the subsequent announcement.

How will this work exactly? I am confused here. You are saying that DC is a token you created on the Ethereum network as an ERC20. That is fine. You are saying that people can use this token only on your website to gamble correct? They get discounts like perhaps lower house edge or some promos. I understand this.

The issue is when you say you wanted to get listed on an exchange and you will have a DC > BTC and BTC > DC on your website however who will determine the exchange rate?

If you set the fixed rate at say 1,000,000 DC per 1 BTC then why would it trade at any other price on the exchange? And what would happen if on the exchange the price wasn't capped to your fixed ratio? There would be issues. Someone could dump a whole bunch of DC and crash the price lower and it would make the DC tokens worthless.

I don't see there being an issue with the token itself on your website but I don't see why you need it to be listed on an exchange.

DC itself is defined as one of the website's chips. It is only for welfare benefits. If you have 1 million BTCs in 2009, will you sell them immediately? Even if you sell all of them, the current price of BTC seems to have no effect. Anything, his value is from nothing, there is such a process, as for pricing, give it to the community. One-click exchanges exist only without an online exchange. Once on the exchange, one-click exchange will definitely no longer exist.