Quote from: darkangel11 on September 02, 2022, 10:24:17 PM

Quote from: johhnyUA on September 02, 2022, 09:47:39 PM

Quote from: Hispo on September 02, 2022, 03:49:17 PM

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.

After first question, all other questions doesnt make any sense. Because if casino is registered in respective country (like UK), it will never create any token of it's own. Because from the last time we know that SEC and other governments consider altcoins as a stocks. And they will not allow to create it without proper control.

So if casino emitted it's own token, it means that first question is false

Most of these tokens made by casinos and exchanges are fake in the way that they're there to make them more money and they give nothing to the user. OK, scratch that, they give the users bit of excitement and allow them to think that those penny stocks will explode one day.

The way they want to pay you for everything with their tokens pushing them into signature campaigns, bonus payments and such shows they want to save some real value coins like BTC and ETH and fill as much void as possible with their shitcoins. It's always easier to make some money out of air and instead of giving a client $100 making him get $60 and $40 equivalent of their token.

They are not fake. Actually they are more legit than typical shitcoins in the crypto market since the casino has license. SEC only cares about security token because this type of tokens serves as shares or stock in the company. You and the other guy that you quoted mix the definition of Security token to Utility Token. Casino token falls under utility token because it’s purpose is the utility and not for security meaning these kind of tokens value is not directly related to the company profit but it just base on speculation just like on the utility token in crypto.

Don’t be confused about utility token to security token because SEC only case about security token.