[ANN] BtcDragon Casino Asset



  • @rnahlawi who was the whale?



  • @IncludeBeer

    @IncludeBeer said in [ANN] BtcDragon Casino Asset:

    @rnahlawi said in [ANN] BtcDragon Casino Asset:

    @qibucks Nice Job :)
    The whale was revealed and he's a competitor in the casino business as well, he found good opportunity and took it. so, @AndrewDD the asset owner should be happy for it and no need at al to raise the next release prices as this is what it is all about in exchange :)

    Any more details you can provide?

    Admittedly, if I had deep pockets like that, I'd probably do the same: take advantage of the opportunity given a reasonable expectation of continued performance (with reference experience of similar asset's performance history). Still, it blows when you sold a bunch of alts to buy more Burst in anticipation of a sweet asset. Next round, I'll simply stay up (~2:30 am my time) and mash on the refresh in the time leading up. :D Hopefully the next release lands on a weekend!

    Small things our Asset Issuer could consider though to maybe increase the share spread:

    • Up the share price (x2, x3?)
    • Include more shares for each release (same share total, just fewer releases)
    • Release all remaining shares now and let the market settle (probably a bad idea)

    Still, if your pockets are deep enough, I don't think the above holds much ground.

    I am looking at different ways for this and am considering all avenues

    *First point: yes there will be a price increase, what IDK as i will look at trading of asset, Dividends and so forth.

    • Second point: This is a possibility, but will depend on income and dividends.

    • Third point: This i think would be a bad idea as it will dilute dividends, for example if we use the last dividend payout as a example each asset got around 2.6 Burst per asset over 100,000 assets released so let say the next payout was the same and I sold all Assets in one hit then the average would be 0.26 Burst per asset and I want to only release assets to try and i do stress try to keep dividend payouts at a constant level , this i cant guarantee obviously, but this is the goal to keep it on a level field in regards to dividends.
      But please all ideas are looked at and considered



  • @Bitdv said in [ANN] BtcDragon Casino Asset:

    @IncludeBeer

    @IncludeBeer said in [ANN] BtcDragon Casino Asset:

    @rnahlawi said in [ANN] BtcDragon Casino Asset:

    @qibucks Nice Job :)
    The whale was revealed and he's a competitor in the casino business as well, he found good opportunity and took it. so, @AndrewDD the asset owner should be happy for it and no need at al to raise the next release prices as this is what it is all about in exchange :)

    Any more details you can provide?

    Admittedly, if I had deep pockets like that, I'd probably do the same: take advantage of the opportunity given a reasonable expectation of continued performance (with reference experience of similar asset's performance history). Still, it blows when you sold a bunch of alts to buy more Burst in anticipation of a sweet asset. Next round, I'll simply stay up (~2:30 am my time) and mash on the refresh in the time leading up. :D Hopefully the next release lands on a weekend!

    Small things our Asset Issuer could consider though to maybe increase the share spread:

    • Up the share price (x2, x3?)
    • Include more shares for each release (same share total, just fewer releases)
    • Release all remaining shares now and let the market settle (probably a bad idea)

    Still, if your pockets are deep enough, I don't think the above holds much ground.

    I am looking at different ways for this and am considering all avenues

    *First point: yes there will be a price increase, what IDK as i will look at trading of asset, Dividends and so forth.

    • Second point: This is a possibility, but will depend on income and dividends.

    • Third point: This i think would be a bad idea as it will dilute dividends, for example if we use the last dividend payout as a example each asset got around 2.6 Burst per asset over 100,000 assets released so let say the next payout was the same and I sold all Assets in one hit then the average would be 0.26 Burst per asset and I want to only release assets to try and i do stress try to keep dividend payouts at a constant level , this i cant guarantee obviously, but this is the goal to keep it on a level field in regards to dividends.
      But please all ideas are looked at and considered

    Good deal! Glad to know this is on your mind :D



  • @Bitdv thanks for asset but man is the dice game HORRIBLE over there!! you cant set custom bets it rounds up or down... i lost too much too quick no fun



  • @falconCoin Hi mate well personally dice are no fun ever i get bored , but saying that yes people like them and the dice is basic, i agree but there is a more advanced version with all the bells and whistles coming , just been so wrapped up sorting out this Version 2 atm , but a better more "FUN" dice is coming



  • @Bitdv Sent you apm, I need the bbcode for my sig link, can't find it in my pm lol.. :)



  • Can't wait until next asset release



  • @kmaxkmax It will happen just waiting to do some stuff with version 2 and add more games to increase turn over !! just goto work out the fairest way to release them !!



  • @Bitdv Give them all to me? howabout that lol



  • @kmaxkmax

    @kmaxkmax said in [ANN] BtcDragon Casino Asset:

    @Bitdv Give them all to me? howabout that lol

    hahaha your a comedian too i see lmao



  • I just realized, reading around, that the best way to avoid price control over assets, as it has happened with the whale that has taken control over this asset, is to set a fix price from the beginning, this helps to prevent what has happened and also do not allow for asset dilution. After you have done your math and calculations, just better come with an average price/share and the asset will not be in free market after all the shares have been issued by the issuer.



  • @vExact On another note, the Whale is actually doing us a favor also, he is increasing the value of our asset, so although we feel sad because He is manipulating it, he actually is doing One thing good for it..

    Another thing is to allow peeps to pre order in BTC, like in BURST OCEAN we can buy in BTC as well. So say we are all allowed a maximum of say 5k shares in each batch and IF there are left over we could buy more..Just a thought.. So the Whale will only be allowed to scoop up 5k before they are released..so We can all put in an order, pay in BTC and what is left is released on the BURST MARKET, am I a genius lol? mukahahahaahah



  • @qibucks
    The crazy Burst lady speaks the truth



  • @Luke1219 Awe so cute, but it struck me as a good solution.. glad you liked it.. Whale will be a bit pissed off at my proposal but I think it's a reasonable one, because NOT everyone will pre order 5k of the asset, so there will be plenty for him to Chew on, plus his 5k lol.. :)



  • @vExact

    @vExact said in [ANN] BtcDragon Casino Asset:

    I just realized, reading around, that the best way to avoid price control over assets, as it has happened with the whale that has taken control over this asset, is to set a fix price from the beginning, this helps to prevent what has happened and also do not allow for asset dilution. After you have done your math and calculations, just better come with an average price/share and the asset will not be in free market after all the shares have been issued by the issuer.

    I have thought about this , ok say i worked it out a average price of 100 burst and put them up on the market at that price that would work out to be 72 million burst , im not sure how much burst the whale has he might be able to snap them all up , and if he does then he would basically have a strangel hold on the asset , i want the asset spread as i want it to benefit the community as a whole , im not against anyone making money , more power to you and i said 100 burst as its easy for me to calculate , i actually believe it will be a lot higher , as for @qibucks thought yes that can work but its also easy to have multipul wallets and accounts and also manually sending assets out . Also as i stated if i was to put all the assets on the market and they sold people would have to realise that the earnings per asset would drop as i have planned the release over months , as the casino makes more then I planned on releasing more assets .

    How about this people put up suggestions and ill do a poll and see what people want , to work out a average is easy as i have got price rangers already on each release, so ill work out how to put a poll up and people can suggest what they think should be done , as there are up and down sides to all ways the way i look at it



  • @Bitdv I wouldn't want all the asset released in one go as that would dilute the divvies a lot, better to stick with your original idea of slow release after each development and growing of earnings potential. :)



  • @Bitdv Don't change anything, stick to your release plan. Its open market and whales are welcome to raise the value of the asset.



  • @rnahlawi yeah and also if this goes like the other casino in growth, we will have two great casino assets on BURST which will make the overall BURST ECO system stand out in Cryptoland..just like we have several good mining assets here. So I guess anything here under 300 burst will be considered cheap..



  • @Bitdv I would continue with basically your original plan. I think best that at each stage of release that the "real" value of the Asset has grown in line with the price So please continue to improve the Casino and share with us the data on how it is doing.

    Give us notice of a sale, allowing people to place orders if they prefer that approach, but keep the price to yourself and make a judgement on demand and what you think the value of the Asset is.

    At the end of the Day the market will decide and we will make money or if overvalued at some point it will all come crashing down and if he still has a big holding the Whale will catch a bigger cold than the rest of us. There is reward in what he is doing, but also risk. :-)

    Rich



  • Verification letter has arrived sent the details to @haitch


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