Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
mdzahed134
on 24/10/2022, 16:38:39 UTC
Investing in casino tokens is similar to investing in gaming tokens like AXS, ATLAS, or ILV. They can't be considered a long term investment and is only profitable during their hype. They are also centralized so there is no guarantee that they will survive for many years and if the company owning them shuts down, the token will be abandoned and its price will definitely lose value.
It’s not a matter of Centralized or Decentralized tokens, no one will be 100% guaranteed. If gamble tokens is good utility why it will not be long term? i see a few gamble platform surviving for the last few years and their tokens have good enough utilities in the market. But i'm not fan of holding gamble tokens, especially long term i will never invest.