what sort of proof do you need for ou to trust a casino token?
would it be enough to show that the dividends that casino gave saved its holders from bear market and the crisis?
because if a bag holder did made it just relying on shared revenue from the casino i think the casino deserves it. the bagholder however must have spent a lot to bag the casino tokens.
If I considered to buy casino tokens as an investment in mid-lond term I should check for the following:
1) Legal: Where is the casino registered? Do they have a license in their respective country? Do their country manage scam/fraud cases in an effective way?
Who are behind the casino and the creation of the token? Have they worked in any crypto before, or any casino before? Do they have proven reserves of cash?, etc.
2) Tokenomics: What is the Marketcap? How many tokens are in circulation? What is the maximum number of tokens? (This can be easily checked on Coingecko)
3) Concentration: Are they whale addresses for this specific token? if so, How many? what percentage of the circulation these whales have? Is the casino one of these whales? is the casino the biggest one among them? (One can check this on a good explorer)
4) Concentration control/ Burning schedule: One of the reasons BNB reached high value was Binance burning schedule, so you must investigate.
Does the casino have a burning schedule for this token? is there an official burning address? if so, what is this address? can the burning schedule/process be verified?
5) Use case: Binance offered their clients some advantages if they held BNB, so you must also investigate.
What is the advantage this token offer on the casino/service? are these advantages good enough to attract more clients/players to the casino who may wish to buy this token?
In case the casino went out business, is there any decentralized application this token would have some use case on?