After watching the video “TFS Token at the FairSpin. What is it, how does it work and is it possible to make money, ”some of them had additional questions. And he called the developers of the blockchain platform TruePlay to answer them. Read their answers below.
Tomb Grom (youtube): If tokens are awarded when you spin slots, then tokens are the same comp points, only comp points cannot be sold on the exchange. I understand correctly? And secondly, they said that all unredeemed tokens will burn out on December 1, but if tokens are credited when people spin slots, then it turns out there will be a lot of them again ...
TruePlay: TFS tokens are given in any game, and they have nothing to do with other bonuses, they are additional. Burning tokens does not affect their issuance for games or hold in any way. There are a limited number of tokens and they are not generated out of thin air. Part of the tokens was allocated for sale and those that were not sold will burn.
Tours to Mars (youtube): Where will TFS be stored? can they be stored on stock exchanges? Wallet on home computer - do I need to open it?
TruePlay: TFS can be stored on the balance in the casino widget, and on any cryptocurrency wallet, or on exchanges when it is listed.
desm (telegram): Do you think it's plausible that a casino like FairSpin could make the $8 million per year ($646k per month) they claim and on the basis of which they pay the holders?
And with such a significant profit, they planned to raise up to $2 million (up to 600 million tokens at a “fair price” of $0.004: including burning, even less)? At the same time, they claim that they calculated their "fair price" on the basis of last year's profit ... That is, their profit was $ 2 million last year ??? — Now I somehow more willingly believe in this, on the contrary, $ 8 million / year.
Though about $2 million/year, I would prefer to look at the official reports. PS. And the fact that after December 1, the casino will have to buy back its tokens on the stock exchange in order to pay holders with them, is generally wildness ... Over time, those who want to sell will become lower, there will be no liquidity.
TruePlay: Token sale rounds mean that Fairspin is selling 32% of the total supply for $2.3 million. The total capitalization will be known after the end of the sale, listing on the exchange and burning coins.
Liquidity will always be maintained by the operator in the pool through buybacks, if the demand for the token grows, then the price of the token will also grow strongly.
K O (telegram): I did not really understand the moment with the liquidity of the token on the exchange. Now they are selling tokens at 0.004, will they send the entire amount from the sale to support liquidity? If so, then a token below 0.004 will not be able to leave at first, and this is obviously a plus topic to buy tokens
That's right, the price will most likely not be lower than 0.004, so it is profitable to buy a token now with a + 30% bonus. But the market is hard to predict. In the long term, there should be a positive price trend.
Affgambler: I have two days in a row 11/3-4/2021 and then on the 6th the income from the hold would be 0. It turns out that at that time the casino had zero (or negative income). Why, then, is this not visible on the daily profitability chart of the Total Casino Income casino - this chart for any period does not fall below zero at all and always shows a positive plus for the casino
Same with 30 minute holds. They often give zero profit. The type of casino did not work. But the Total Casino Income chart with the Day filter (every point in it stands in an hour) - not a single point goes below zero, showing a positive profit. Why then 0 for half-hour holds? if the graph shows that the casino is still working
Yes, the income of the casino was below zero, on the chart the income of the casino is cumulative, however, there are moments when the graph falls, these are the moments when there is a minus GGR.
Affgambler: Let's say I hold at 12:58 and then 4 minutes later at 13:02. Hold for a period is considered from the moment you click on the hold? Or are there some fixed intervals, temporary samples that I fall into?
The hold is counted from the moment the tokens are sent. Every 5 seconds, a snapshot is recorded, which calculates the income of the casino and distributes it among the holders. If you make two identical holds with a difference of 1 minute, the profitability there will also be different.
Affgambler: On the 5th, the return from the hold was very high. What is it connected with? High rollers lost? is it possible to check this somehow? you have a blockchain where everything is open.
Yes, the high roller lost a lot = everyone got a lot of income. All this is in the Explorer, but it is not yet in the sale. Available at explorer.trueplay.io
In general, you can see by the growth of GGR, if it exists, then you can calculate% of it that is distributed to the pool and multiply it by your share in the pool and calculate income. Or take the annual % that is written and calculate your potential income based on it.
NonHopkins (telegram): One more time about the 5th. it turns out that the casino was in the black by 1.5 million dollars, they distributed interest per day. For me - 1.5 million bucks a day is a wild amount. Realistically 1.5 million in revenue per day? During this day, 14 million TFS were distributed for a daily hold…
This is cumulative income! To understand the income per day, you need to include a weekly chart. see the accumulated income for the 5th and minus the accumulated income for the 4th. On average, a fairspin has a daily income of $20-$30K per day
