Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
Fredomago
on 29/10/2022, 14:45:36 UTC

This is true. So far Owldao is the best among the casino utility tokens in terms of performance because the devs keeps doing the buy back using the casino profit and burned it. Besides they are buying on exchange directly to reduce the circulating supply available on the exchange to boost the price unlike other casino tokens that just burned a portion of the circulating supply coming for the reserves of the project and not from the exchange tokens which does not give any price impact.
This is exactly why the owl token has become one of the most popular casino tokens around and even though the token market has undergone some number of up and down am happy that the token is recovering fast and the volume is constantly increasing.

That shows that the team is constantly working to improve the owl token ecosystem.
Im not sure about this. Did you see fun token before? This gambling token has traded on binance with greater volume and demand compared with the owl token. I don't even think the popularity of owl token is far greater compared with the fun token.
You will be seeing that FUN token may be explained as a gaming tokens but it's gaming for gambling purpose. It can be seen from its roadmap as it has also developed decentralized gambling platforms too.
The daily volume is farr bigger compared with owl dao which is almost 2 millions USD. This is the most popular gambling tokens among the crypto community for now.

if you compare the trading volume of FUN vs OWLDAO, definitely, FUN is way above and different level than FUN. if FUN is already in the million-dollar level, OWLDAO is just in the thousands of dollars. now, it is up to the holder how he look at the profitability of holding casino tokens. is he using that also within the casino or just merely waiting the price increase in the exchange? either way, the holder should know were to put his funds with. no one can tell him exactly what to do with his funds.

Indeed, after you do your research and you are convinced that the project will bring profit it's you who will decide for your investment, your comparison is valid and whether the investor is leaning with staking rewards or he's just waiting for the value to increase the sure thing is as long as he's doing his investment to earn profits that's good, otherwise, if he invest just because someone tells him that he should invest and the project got a good potential then the chance of losing is possible.