Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
Cookdata
on 31/10/2022, 22:46:52 UTC
Well, it's not a bad choice but it depends on the casino where you will buy their very own tokens. Choose the one with an active dev who keep promoting and innovating their platform to be successful. Because as long as the casino is on top, then their tokens are useful too and can be a good investment depending on its utility within the casino because it can attract the gamblers not just to play but also to buy their token as an investment. However keep in mind that it has risk and the good result is not always guaranteed.

Casino tokens is not the regular type of other projects we see in crypto as most often, there token is always within the casino ecosystem, you wouldn’t know if they had active developers or any updates regarding the token tokenomics. The thing is, casino token progress rely on the progress of the casino and the revenue they generate, the more people comes and play, the more exposure they get, the more players buy premium options which require the casino token to unlock those options and consequently increase the demand and price of the tokens. I’m not actually impressed with casino tokens, they usually have low liquidity, low volume and low interest from investors, they are still new perhaps things will change in future.