Well said and I completely agree on your point of view.
It does not matter what the altcoin is or who is promoting it, one needs to go through one's own personal research before investing.
Also, since this is the official Stake thread, it would be better to keep the conversation of casino tokens on other thread, if I recall correctly there has been discussions purely dedicated to them before here in this section.
Cheers, I hope you all have a good beginning to this week!
It is better to put your money where your mouth is, altcoins most especially Casino based tokens have really performed below expectation in the past few months back, and up till now there is no recovery sign for most of them after the last market crash.
*I do advise people to avoid investing in them but rather they can use those tokens to place bets on the casino and earn extra rewards on them from time to time, aside from that, those tokens are suitable for long-term holding, because of their highly volatility.
Stake doesn't have any, and that is all I care right now here. I think if Stake ever created something like a token, that would get a ton of attention but it would also be not so wise for them. Sure they could make millions of dollars right away, but if it is to share the profits, why? Why would they want to share their profits when they are very well doing it.
This is why they don't have any, and that means whatever other token we are talking about doesn't belong here. There is definitely a potential out there, Stake could definitely consider it, they probably did consider it so far, and it must have turned out to be not a bright idea when they can already make millions without one.
Their reputation earned for more years will be their piece to earned support and success if they create their very own token. But do they really need it? I don't think so since they are very popular already and they can spend a lot of money for advertising their casino so for having that this casino is self sustaining already. Creating token might also give them bad taste to other group of people since some can't understand how the market work and maybe they will be tag bad if the price dump for some reason. So its good to remain like this and stick with no token on created since this is best for them.