Hive Engine Tokens: A Closer Look at GAMERS Token
Hello @spinvest readers,
Today we will be taking a closer look at GAMERS Token.
GAMERS caught my attention through dcity.io.
After I bought a casino, a GAMERS stipend started coming to my wallet on a daily basis.
you can see your hive engine tokens through your peakd wallet. This is a partial screenshot of where you can find it when using a laptop. The one in red, with the steem-engine logo is where you click to get access.
The casino cost me 800 SIM which is the dcity currency, and pays 40-80 GAMER tokens a day. From the Wallets Calculation it seems that 1000 GAMER tokens equal about 0.01 USD
To learn more about the token I hit the information button which is the gray "i" next to the work "gamer"
I found a working website with dark blue colors and five different options for gambling.
If you click on one of the options it leads you to a casino table. Around the table you see some stats and players
You are able to gamble is HIVE or STEEM.
So where do the GAMERS tokens come in?
Turns out there is no blaring headline telling you what gamer tokens are or what they do.
But if you go to the dashboard, and look under the "Gamer Tokens" section. You find that 600 GAMERS staked,
is earning me drip income in HIVES and steem.
Further website browsing shows you more details of how GAMER token is backed
Basically, there is a GAMER buyback program which is funded by using 5% of the total wages that come to the site. I am still not sure if you earn it through gambling, but I do know that you can buy it on HIVE-Engine.
Overall it looks like a solid coin to invest in
I am not sure what the percentage in payout is. The Translation from buying a casino worth 800 sims, to getting paid in GAMER tokens in varying amounts, to staking them on the site, to getting drip income in HIVES and STEEM was too confusing of a rabbit hole to follow.
This gives it a very negative mark
Not knowing what kind of payout or interest rate you are expected to make makes one a lazy investor.
At the same time, all the information is available if you want to figure out the math.
There were lots of good signs of this being a strong token.
A working website
A product to go with the website
A sink for the token
Token Usage could be more clear, but earning HIVE and STEEM by holding it seems like a good enough something. Still I would like to know who earns it, and how it benefits the website.
This seems like a solid token with lots of growth potential
Unfortunately I didn't see much in terms of advertising the coin or even letting people know that it is available as an investment.
Perhaps the team is makins slow and methodical moves to guarantee a solid base first.
It seems like the gambling is on its way, and the partnerships are being forged.
Have you checked out this token? Will you be investing in it? What is your opinion of this coin?
Posted Using LeoFinance
Thanks for this, I also have a casino and wondered what's the deal with them. I guess I'll hold and sell when a good opportunity arises :D
Posted Using LeoFinance
The more popular dcity gets the more popular this token will get. I'd like to see it bring in more gamblers to give the token more value.
Thank you for the update. I was totally unaware of the website and of the staking and earning properties of this token. So far I just waited to gain 20.000 GAmer to make a Pokernight in dCity. I will have a closer look first...
If you gamble on their site, you can win tokens.
I went on a gambling spree last night and (list some hive) but should be winning some tokens.
There aren't many users so it's easy to be a top ten gambler (0.1 Hive will get you there) which gifts you tokens.
I think there's a good chance that popularity growth of the blockchain will grow the popularity of this token and move the decimal point at least one point in the right way.
Interesting read ... I especially like the hive and steem dividends when you stake the tokens. Very curious to hear more about the returnings from that.
I gambled last night and should be winning some tokens - will stake those and watch their growth.