Suggestion: How to make Steembet a giant in the betting industry

in WORLD OF XPILAR4 years ago

I got to learn about steembet not quite long and I checked out the site which was okay. It is fast and bets are placed seamlessly.

The site steembet only requires you to login using keychain in order to place bets. You can also see your bet history with a stats that shows your win and loss percentage.

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My overall experience on the application has been superb and I believe one or two things can be added to make the platform a force.

Launch steembet token

An increase in steembet users will definitely lead to an increase in Steem demand but it creates restrictions on some parts. steembet can launch its own token for users to bet. This token can be purchased on steem-engine which will require people to buy Steem and then convert to the token. It is a win-win situation for Steem and steembet founder.

This token can also be used for promotional purposes such as cashbacks for top 5 bettors in a month.
Other promotional activities can be rewarded using this token. This has created an intrinsic value for this token and given users a reason to buy and use it. Football tipsters like me can also charge people some of these tokens in exchange for high quality tips.

Twitter promotions, fantasy premier league sponsored by steembet can also be run with reward paid in the steembet token.

Launch steembet tribe

I have not seen a functional OLBG type of platform on blockchain and steembet can launch theirs. The advent of Steem-engine means it is easier to create a Steem-like platform where users can earn extra tokens. steembet can launch their own tribe which will easily attract bettors, tipsters, and football fans. They will get rewarded with the steembet tokens and with many sinks, the token will get huge value with time.

There are numerous competitions that will make users dip their hands to but the tokens such as bets tipster competition, top bettor, and many more.

A steembet tribe will give everyone an equal say and even bring popularity to steembet and Steem as a whole.

Enabling other coins

steembet can let users bet with other coins such as bitcoin, ethereum, scorum, tron, btt, and many others. This is increased exposure to the platform as users will be able to deposit and place bets with these coins. In exchange, steembet will charge like 1% deposit and withdrawal commission. This commission will go into buying back the steembet tokens from the market and burning them.

Since users will be betting with other coins for a small commission, the steembet token will have zero commission to encourage users to buy steembet token for placing bets.

It is now left for the bettor to decide which token he wishes to place bet with out of other coins and steembet token.

These suggestion will position steembet as the top dapp on steemit and one of the largest in the blockchain world.

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I wouldn't bet with a token.
Steem is not very stable and a token would be even less so.
I don't wanna bet 100 tokens worth 100 steem at purchase win a bet then sell for 90 steem because the token price has fallen defeats the whole purpose.
If they introduced a token which was stable and was bought and sold via the holding account and price was always the same that would be better but also confusing to newbies so no real quick fixes unfortunately

I agree with the volatility of the token. Ability to earn the token via posting will encourage people to buy it and keep the price stable with little variation.

At the end of the day, providing different sinks will make the token useful. Ads can be run on the proposed steembet blog and earn site which will be used to maintain the price for bettors.

The positives outweigh the negatives.

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