Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
FanEagle
on 27/10/2022, 21:56:59 UTC
There are many serious and reliable projects in the market that we could invest in and have rest of mind but sometimes we might think that it many not give us a good return especially when you take a look at staking them. Many of those good projects always have low returns and APY when you stake them because they are very reliable with good team but because many of use are looking for projects with high APY, we do ignore them and go for something that looks very cheap with lots of promises and plans.
There is a fine line between investing into a project with no backing but just the investors/community, and investing into something that is tied to a casino. They have both have their advantage and disadvantage at the same time. If we are talking about just a regular coin or token that takes its power from the people then it could go up if there are more people and everyone is hyped, or it could be terrible if there are people losing interest to it.

The similar thing but very different happens with casino tokens, which means if casino is doing well then it could do well, if the casino is doing badly then it may do badly as well. So you have to ask yourself, do you trust the future of what it's tied to.