Proof of Wager & Crypto-Gambling Shots

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Avatar for idiosyncratic
3 years ago

Nothing is the same in crypto ecosystem if we compare the years one another. As the development pace of blockchain products increased, new branches of services followed the changes taking place. In today's crypto world, it's not logical to acknowledge that there are only two different ways to acquire crypto called Hardware Mining or Trading. In reality, NFTs, Gaming, Gambling, Staking and De-Fi are the hottest topics that shed light on the future of crypto adoption.

Although Mining and Trading are still popular as before, they have a lot of disadvantages compared to the fashionable ways of crypto income. Hardware mining requires monotonous work to be done; power, cooling stuff, system updates, hubs etc. On the other hand, Trading isn't for everybody. Honestly speaking, I lost a lot of my investment untill I learn not to lose initially. Then I could make gains in time.

Let me introduce something that I call as Attention Mining.

What do I mean by mining the attention of individuals?

Individuals in this time are exploited regarding their choices, time, shopping customs as we all are aware of these. Of course, there are some service providers in crypto that are trying to catch your valuable attention you before their rivals do. Though it sounds wierd, this contention brings more freedoms for the clients as they are significant for these organizations.

Having enough competence and experience in the field, there are bunches of crypto services offering types of assistance as fixtures, sponsors, betting sites, and crypto specialists. Let's examine the aspects of the growing crypto-betting sites and the ways that are attracting the individuals.

Proof of Wager

I'm terrible at betting nor fortunate enough. However, I'm one of the individuals who are on the train of developing the crypto-bet mania, as well.

Crypto is, of course, used for betting as, otherwise, people may have to take some privacy based risks. That is to say, it's unsafe to utilize your ID and Debit Card to store cash to a gambling platform while crypto can save your security 💁🏽‍♂️

So, the increase in the awareness and crypto mass-adoption opened new ways for the crypto-betting websites.

From Wager to Stakeholder

You become one of the stakeholders as you play games on the platform. You may say: HOW?

As you wager, you are given the native token of the platform that is distributing daily or weekly payments to the crypto gamblers. You may own just %0.00001 of the complete revenue but you will be working more for the sake of the platform 😏.

However, not all the platforms are adaptable as much as the shining starts of current era. While the older platforms are late to the gathering (freebitco.in. and so on) other "adaptable" ones are doing much better.

Let's examine with some examples:

Freebitco.in has been working for 8 years and I've been utilizing it for a very long time. In any case, I was unable to arrive at the limit that is set and I think the platform has likewise lost its domination in the field because of its old-design strategies. Nowadays, they are using FUN token to grab the attention of the users who are not interested in the platform anymore.

4 sats per hour and a 100,000 RP limit are not sustainable nor competitable with the others. New Fun token combination isn't going to bring value again because it's too expensive to reach the threshold again. Sad but true.

Mining through Gambling: Betfury

The green part shows the number of local tokens that you mined by betting BTC, ETH,USDT, and so forth. Note: the amount increases with each wager. Quite motivating and addictive 😅

What's more, the red square shape shows the measurements of the tokens. You can likewise consider this part the tokenomics the organization that you are one of the partners 😏 I have about 4 tokens, so it's MY organization and I'm acquiring an interest in crypto so I should work for it 🙃

Mining through Gambling: TrustDice

TrustDice is the second platform that I use for gambling/ wager-mining. Things are pretty much the same as Betfury.

The site shows the mining, faucet, everyday visit bonus sections on the tabs and you can undoubtedly get the feeling that you can utilize the stage for verification of consideration. Actually, they are quite direct about it 😂

Again there is a platform token that you earn by wagering, a similar method of the day-by-day profit sharing and partnership with stakeholders. Things are okay with this model as long as the two clients and platforms can profit...

Here is one of the trackers: crypto gambling website

The Matter of Attention

The idea of visiting every day and get your day-by-day reward is as of now well known on gaming stages. Then again, some publishing content to a blogger (for example Uptrennd) and video sharing stages (like LBRY) are utilizing this information mining technique effectively.

It's not problematic way of rewarding the individuals. For example, there is a game for Doctor Who lover in which people can buy and open packs to receive NFTs of the Doctor Who characters. Daily visit brings you $.10 token and you do not need to put extra money to buy a pack if you are not willing to...

The attention that the platforms are trying to derive on them is quite complicated. You can count any activity expecting you to visit the stage in minutes or hours to get a small prize. It is a safer model than Proof of Wager as you don't place your cash in danger of losing by any assets. Even though the model may not bring a satisfactory measure of crypto profits, it has been appreciated by people.

Risk/Reward Cases on Crypto-Gambling

It is difficult to assess the natural benefit of something new. Nonetheless, by and large, they have more potential than it's assumed. However, there is another perspective to be thought of, the new era of crypto world has significantly more incentive to early adopters. Now and then it very well may involve time, once in a while it tends to become worthy.

I do not invest my own money and I do not think it's worth putting your money into risk in Gambling platforms. Utilize the things that they give you in return for your attention and do not take unnecessary risks in greater extent. All in all, you don't have to put your cash, not commendable much of the time. Simply understand the new fashion and become familiar with the ways of crypto earnings for some lucky ones.

Considering the matter of time: your time is important. If you are investing your valuable energy, you need to have a satisfactory stream of income from these platforms. Else, you should reconsider it after a while.

Conclusion: Awareness Matters.

Individuals who think the only ways to earn crypto are either to mine or trade are the ones who are ignoring the developing possibilities of various plans of action that are referenced under the Proof of Wager and Attention subheadings. They are not a hundered percent beneficial for everyone but rather the lucky ones may give a chance to make a couple of bucks over there. I wanted to evoke some thouths in your minds over the new era traits to earn crypto. Who knows, possibly some of the crypto gambling platforms will bring (or right now bringing) fortune to some "lucky" ones 😌

Thank you for reading. I hope it's a beneficial post for you to be more curious about the potential ways of making crypto income streams for yourselves. Gambling is not something reliable for a whole life nor sustainable. The thing that is highlighted here is the opportunuties through tokens, faucets and dividens for the ones who may give a try 😏

Thanks for reading. If you have any experience or comment, you are more than welcome ^^

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Comments

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$ 0.00
1 year ago

How i wish I just read and learn all of this and maybe nothing bad happened to may money😥

https://read.cash/@kith25/bitcoin-mining-legit-or-scam-2f8a6782

$ 0.00
3 years ago

Cryptographic money has been getting a great deal of consideration for as far back as couple of years. There are a great deal of discussions encompassing this 'next enormous thing' and Bitcoin in gambling. In any case, monetary investigators, dealers, financiers, securities exchange specialists have been somewhat doubtful about it.

In any case, presently with the world being driven into isolate and lockdown, it's been theorized that digital money may really be a decent substitute. Indeed, some trust it to be the cash of things to come.

$ 0.02
3 years ago

Nice point of view. As we all expected, the digital money system will be replaced with cryptographic version of it. The other thing that I wanted to emphasize is the existing "doubtful" ways to make gains, too. New era is full of opportunities for people ^^

$ 0.00
3 years ago

Most welcome. Yes that is true crypto currency taking place on paper money so that is best way. No chance of fear that some snach it or steal it .

$ 0.00
3 years ago