Paying 2% one time at the swap one time is much different than paying a traditional house-edge on each bet.
You can easily see what I mean in these simulations below that display a user's balance over time with a 0% edge vs. a non-0% edge. In the non-0% case, the user's balance will always trend toward 0 for each **gambling session** they have. In the 0% edge case, the user should not lose or gain money no matter how long they play for - which will lead to longer and more enjoyable gambling sessions.
That being said, we view our token as software that enables us to facilitate this 0% edge in a trustless and transparent manner.
0% house edge is risky, isn't it? But since this casino operates since 2023, how would you rate your business's success with 0% house edge? Is it profitable?You can easily see what I mean in these simulations below that display a user's balance over time with a 0% edge vs. a non-0% edge. In the non-0% case, the user's balance will always trend toward 0 for each **gambling session** they have. In the 0% edge case, the user should not lose or gain money no matter how long they play for - which will lead to longer and more enjoyable gambling sessions.
That being said, we view our token as software that enables us to facilitate this 0% edge in a trustless and transparent manner.
0% house edge technically means that casino plays with its luck. Yes, as you said, over time user shouldn't win and shouldn't gain and you make money by that 2% convert fee but what if someone comes and luckily wins lots of money? Even with high house edges, there are moments when player luckily wins a lot but house edge compensates that by giving casino an advantage over player that mathematically guarantees them profit. Even if you tell me that 0% house edge mathematically guarantees casino that it won't lose money but won't gain too, I think that 2% convert fee is not enough to cover server and team's expanses.