Hey guys! KryptoGamers has just announced that they'll be launching their tokens within the next 1-2 weeks! This is very exciting news since it'll be the first major token on the Steem Engine exchange and the first casino on the Steem Blockchain to actually have tradable tokens!
I know what you're all thinking, how does this compare to Magic Dice, the tyrant of casinos on Steem right now??
As a holder of over 3,100,000 Magic Tokens across 4 accounts, I am disappointed to say that Magic Dice's team is next to non-existent, with zero communication and pushing updates incredibly slowly. I know Magic Dice had mover's advantage, but I feel it's time for some competition in the Steem casino scene. KryptoGamers have been pushing out update after update regularly recently and with their token launching in 1-2 weeks and dividends in 3-4, I'm sure the volume will soon come with it.
Features of GAMER Tokens
- 10 billion total supply
- 100 tokens per STEEM wagered
- Halves every 10% distributed
- Earn 1 token daily per SP delegated
- 10% to team which is locked for 1 year
- 10% for development
- 5% for operations and upkeep
- 5% reserved, usage will depend on demand
- 10% to the community through promos
- 60% to the community through playing
However, the most promising and my personal favourite part of the GAMER token is their buyback/burning initiative. This will incentivise players to hold their tokens until burning get implemented. This will concentrate the tokens into a smaller amount, thus increasing the value of each token!
Features of KryptoGamers
Club Rewards - Play more to earn more!
My personal profile!
Blackjack with 0.5% house edge
Dice with 1% house edge, compared to 2% at Magic Dice
Notice how below 50 (49% win chance) returns 2.02 times your bet!
My analysis of KryptoGamers
This team appear to be in it for the long run. This is evident through their small house edge and their token lock for 1 year. Also, their focus on bringing more games to the platform is a major advantage over Magic Dice, which through the name alone suggested they only planned on having one game.
Burning of tokens is another main reasons I believe this platform will be sustainable in the long run. The more volume there is, the more they can afford to buy back and burn thus the more the tokens will be worth, which can easily snowball the growth of the platform. Even if the volume doesn't start off high, I believe it will be sustainable due to the growing amount of games offered on their platform. No one in their right mind will play hours of Dice, but I know many who will play hours of Blackjack, like myself! This platform promotes fun gambling, not just token mining which is why I believe it has a very bright future.