EOS has done it again. On top of its successful model for ICOs - ie release on EOS, and airdrop to the EOS community to build the foundation of your own engaged community while keeping a number of the tokens for sale later (and thereby receiving development funding) - clever developers have come up with an innovative twist on this approach which works particularly well in the gambling area.
I hate gambling (yes I know all of crypto is a bit of a gamble). But I love the community building model of this EOS-based gambling DApp https://www.myeosvegas.com/
What it's doing is a clever variation on the ICO model briefly outlined above. The My EOS Vegas team too have kept aside tokens which they have called MEV (myeosvegas). The community earn these tokens by playing. But here's the kicker: At the end of each month, the site distributes all EOS profits to the community by proportion of how many MEV tokens held.
But here's a warning too: there's a built in incentive to gamble. Yes, you are in effect turning the EOS you gamble into MEV (at a pretty good rate in these early days), but while this is happening you are also potentially developing a gambling habit - which can soon turn to addiction if you're not careful.
The golden maxim in crypto (never invest more than you can afford to lose) has never been more appropriately applied than in this instance.
Still, as an innovative business model, it's pretty cool and I expect the model to be picked up by other developers.
EDIT: if you want to set up an EOS account I have described the process below in my response to the fabulous - Please let me know if you require assistance as I'm happy to help!
Screenshot of My EOS Vegas website: https://www.myeosvegas.com/
Photo supplied by pixabay.com
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