So gambling is all the rage with the blockchains these days. So here is another way to put your crypto on the line with the expectation of making huge gains. Welcome to MoonSteem
So Moonsteem is a pretty simple idea. You wager a number of tokens called Steemies (one one thousandth of a STEEM) and then the multiplier starts running. You can cash out at any time, from 1.00x up to the moon. The problem is, if you don't cash out before the game "Moons" then you lose everything.
The screen cap above is during a live bet, unfortunately I cashed out at a 2x on this particular game, as it eventually went up to 143x before mooning.
There are already some automated players sitting in the room and betting on every game that comes up. I'm not sure if the game is profitable for very many players yet. The developers are theoretically operating at a loss for the moment until more players come on board.
You can get a few free tokens by upvoting any posts or comments by . You can turn around and turn those few steemies into hundreds, or you can "Invest" in the game by sending over STEEM at a conversion rate of 1 STEEM to 1000 Steemies.
It is at least slightly addictive, and you never know when the next 100x is going to pop up. Are you willing to risk your bankroll over and over for that one big moon shot? Or do you play it safer and take profits more often than not? It's all up to you.
It's a relatively cheap way to spend a little time anyway. give it a try if you are so inclined. But if you have trouble with moderation when gambling, stay away!