Quote from: peter0425 on June 16, 2022, 06:33:52 AM

Welcome in Bitcointalk Guys and welcome to our Humble house , I love seeing Defi gaming site going around nowadays because there are many supporters from this area since 2021 and since there are lots of happening in this maybe gamblers and gamers will also comes out for this site.

Have read that you are prioritizing the Forum members in regards to KYC ? how can we spare from providing KYC ? do we need to directly contact you to drop our user account?

Thank you so much peter0425 for your warm welcome to what seems to me to be a very vibrant and tight-knit community! I have to agree that DeFi gaming seems to be gaining some traction yes, hopefully it is able to start getting the attention of a wider audience in time as you mentioned.

With regards to KYC currently, when you sign up online, deposit or play on our platform, there is no need to verify anything. I know the main concern of many members here, and it would also be my main concern if I was a player, is withdrawing your winnings. I mentioned before that ONLY for the members here, if you have an issue with withdrawals (which I don't envisage) but if you do, please contact me directly.

Quote from: davis196 on June 16, 2022, 06:37:56 AM

Welcome to the forum and I wish you good luck with this project.
450% APY? I don't know. It sounds too good to be true. Grin

So you are going to use 65% of your net profits to reinvest in your token. Who is going to guarantee that you will keep your promise?
I've seen multiple crypto projects saying "we don't touch the coins in our liquidity pool" and yet they steal the coins and run away. Crypto scammers simply love such projects, where they promise insane results and want the investors to trust them, only because their project claims to be DeFi, while in reality it has nothing to do with decentralized finance.
Is there a way for us to verify that you are going to keep your promise to reinvest 65% of the profits back into the project?
And last, but not least. Do you have Christiano Ronaldo's permission to use his image on the announcement thread? You might get into copyright issues. Grin

I'm joking... Good luck with promoting your business on Bitcointalk.

Thanks so much davis196! Totally understand your reservations about 450% APY, when I first saw it I thought it was either a typo or someone had miscalculated. Yes, I have also seen numerous scams and rugpulls and the limited regulation in this market means little to no protection for many individuals. One of the key basic premises of our DeFi project is, as you mentioned, using 65% of net profits to reinvest. As for who is checking this, how is it done, how can it be verified is where we may differ from others.

As players bet (irrespective of winning or losing) they will earn tokens (using experience points which can directly be traded). These are earnt in a 65/35 split where 65 goes to the player and 35 to the team so the reinvestment is automatic, transparent and happening all the time in real-time. The GXG Tokens can then be used in our DeFi platform to stake or for yield farming or the player can simply go a platform like pancake swap and exchange them for BNB etc and cash out.

And what about just falling yields or straight out theft of tokens ? The development team of most blockchain projects will hold a considerable amount of tokens and use high APY's to attract investors to join at the beginning, but the token itself has no value and cannot continue to create economic benefits causing falling APY's as liquidity increases. Additionally, when individuals in other projects buy a large number of tokens, the team will also sell their tokens on hand to make considerable profits. This is in direct contrast to what we are doing. Firstly, our team doesn't hold any tokens in the initial stage so we can't actually sell and profit from it and the only way we can obtain GXG Tokens is by operating the casino because as a player places bets in the casino, we also earn a proportion (35%) of the rewards meaning. Team tokens cannot be withdrawn from the smart contract until all tokens are mined.

Token mining is controlled by blockchain-based smart contracts. The smart contract code is open and has been verified by the community: Github GXG contracts and Github GXG token. The smart contract algorithm is coded so that no more than 100 million tokens can be mined at all times.

As a blockchain casino, all betting and income on GXGBet.com is open and transparent and the amount of each repurchase is also open and transparent. I hope my explanation is able to, in some way, answer your doubts and allay your concerns. I respect very much your input and appreciate your direct line of questioning as lack of oversight in our industry is a double edged sword and the responsibility may actually fall on some of the more informed community members to keep other less informed individuals safer.

Hahahah I would love to claim Ronaldo as a personal friend and in fact, I do, its just he doesn't see it that way. Totally joking and thanks for your comments and well wishes, we are going to need as much luck as we can get.

Quote from: bitterguy28 on June 16, 2022, 10:07:15 AM

Hello GXGBet.com .

Welcome here , and it is good seeing you choosing this forum to be presented as advertising place to gather more players and supporters .

Quote from: GXGBet on June 16, 2022, 08:35:55 AM

Thanks again for your help with the image. About KYC for the site, only the site GXGBet.com has some basic KYC requirements, the other DeFi platform GXGCoin.io doesn't require any KYC.

I did find some info on restricted countries and sent it in a previous post, really hope you will be able to find a way to try the site if possible. Would definitely value your feedback!

What do you mean by BASIC KYC requirements? and also why need in your first site to provide KYC when in second site does now? can't you make it both not asking for players details?

Thanks bitterguy28! Of course we would choose one of the biggest baddest forums out there to share our platform with. What I meant by basic KYC is that the site has a simplified verification process where you can just upload from a choice of ID options. But there is not facial recognition or things of that nature. Only our gaming site GXGBet.com has an option for KYC as we are a licenced gaming operator, however our DeFi site requires none as its a separate entity so to speak. Although the two platforms do work in unison with one another since GXG tokens earnt on the gaming site can be farmed or staked on the DeFi platform for additional rewards. Hope that helps to answer you queries about the KYC portion on the gaming platform.