Conducted by ANON
A review on what to expect from this up and coming project
Within this post/document it will cover what $ACED & AceD as a whole is, what to expect, and questions you guys have asked alongside information on the current online gambling statistics for the world, especially sports betting.
> The reason I have gone to this effort is because I have never seen such a low MC project have so much potential, this is unironically a gem. I truly hope you all see the value in this. LONG READ.
What is $ACED and Acedbet.io?
> 500k MC at this current time of posting
> Ethereum-based Token Tokenomics, Symbol: $ACED, Decimals: 18, Type: ERC-20 Token, Total Supply: 200 Million AceD, Circulating supply: 190 Million AceD
> This IS A FULLY WORKING RPODUCT. They advertise: Multi Crypto, Sports & Esports, Fair Odds, and Full Anonymity for all betters.
> AceD bases its fundamentals in providing an alternative to existing centralized systems through the blockchain. Other than most cryptocurrencies that just provide anonymity, AceD plans on developing a privacy-orientated platform where the possibilities are endless. AceD’s mission is to provide online world class entertainment options while providing a secure and private platform.
> Multi Crypto Sportsbook, AceDBets, is a newly launched sportsbook that aims to provide a superior user experience. Custom-designed from the ground up, AceDBets combines a smooth, streamlined interface with social features that enable interactions with fellow cappers.
> “Our goal is to develop an appealing product that betters can enjoy, fair betting experience with 0 downtime. Place a bet from anywhere in the world, totally anon compatible on any device. Demand will increase with improvements. Poker will also be a major driver.”
What the original AceD and the recent move to being a ERC-20 Token? why it happened:
> “AceD started out in June 2018 as a POS/Masternode coin. We decided to swap to ethereum chain in June 2020. Some bad characters were exploiting the chain stealing masternode rewards and selling them on exchange. Updates were too costly with centralized exchanges so the move to ethereum chain was the direction we agreed on. So basically, the main reason why we moved to Ethereum chain is to focus on product development and not worry about blockchain issues. We have Vitalik looking after our chain, no need to develop a blockchain ourselves.”
Did any tokens get lost?
> I asked about this and they said the 200million listed on etherscan is the full amount. Investors initially assumed that tokens were lost originally with the swap, but that is not the case.
The major thing a lot of you guys wanted to know about were the Team, Whitepapers and Roadmaps:
> “Expect team info to be available within the new couple days.
Whitepaper draft has already started alongside roadmap, expect publishment within 2 weeks or so.”
> “We also plan to hire more staffing to fill the downtime as our userbase is increasing rapidly need to adapt with demand Over 1200 users signed up total. The total amount of team members we have is 10 (6 developers).”
I asked about bingo not working after being advertised as working, got a nice response, good to see priorities being taken care of:
> “Bingo has been taken offline temporarily; we’ll revisit the product as it requires some attention. AceDbets.io/sports betting is our primary focus right now.”
Considering live sports betting is the only thing running at the moment, what is the current daily, weekly, total wagered through you guys, how do the tokens get redistributed?
> “We shared a chart showing steady growth in bets over the past 3 months. Betting volume is out the roof this month, NBA resumes next week expecting even bigger volumes to roll in with major sports resuming. July numbers will be shared in 3-4 days. Currently there is no dividends model for users, the bankroll profits help fund development and future marketing goals.”
I find that last part interesting, could potentially be implemented as a system to reward staking if it were introduced. Hmm.
ACED and their future. What they plan on doing with Acedbet.io and their product as a whole.
What is there to look forward to in the next upcoming update, Any set time release? (This is in relation to the website and the extra features they plan to add to their sports betting. I have seen a lot of people comment on it.)
> “No firm date for the update, however we’re in the final stages of testing. It is a massive update for our platform need to ensure everything is down right and functional before we make the transition. Always room for improvement, the new update has many changes which will improve the user experience. We will continue to make changes, always listening to feedback and suggestions from our community.”
> “Support desk is being introduced along with update, where users will have access to knowledge tools, how to use acedbets, understanding betting odds, rules for events and quick support with ticketing system.”
> “in the near future we plan to introduce betting and bankroll management tracking tools. to help a better understand their track record.”
> “Updates will be provided in stages, we find that a more effective approach instead of blasting one big update every few months.”
This update is essential for the QOL of this product, the team seems to be absolutely working their arses off.
Ok, onto the future updates then:
THE BIG QUESTION? WHEN POKER?
> “Focus is on acedbets.io right now. There are not many bugs left, one major one with All IN freeze up issue and then a bunch of minor visual bugs that need to be ironed out. This will be revealed in our roadmap, we hope to have the product live in Q42020. It’s 80% complete with a few user facing bugs that will be addressed when we resume development in August.”
> “After poker, we will be adding more games to the platform such as Keno, Bingo, Roulette, Blackjack. Considering adding live dealers as well.”
> “Staking on platform will be introduced eventually not sure of the timeline for this. We would have a community vote on how to fund the staking model, a certain amount of coins could be minted for example to support long tem staking.”
I personally find this part to be interesting, if they manage to pull off a staking + betting crypto site, where potentially dividends could be paid off to stakers, etc. it would be crazy, never seen anything like this.
> “Waiting for IDEX to reply, we have followed up and our listing request is now with their manager for review. We are actively seeking new exchanges and will find a better alternative to graviex very soon. IDEX application submitted, being reviewed by their listing manager.”
> “We will be ramping up marketing after our acedbets.io update. Social media, influencers, AMA’s podcasts, some fun contests, publishing articles on major crypto sites, telegram and discord server promotions, partnerships.”
WHEN WILL YOU MAKE BLOG POSTS AGAIN?
> We will be appointing 2 team members to handle our social media profiles. This includes our medium account. All information will be available on acedcoin.com and medium.
I am unsure of anymore future updates as they have said they do not want to make too many promises. I believe with the roadmap release we will be able to get a grand idea of the project. PLEASE DO NOT BE AFRAID TO JOIN THE DISCORD AND SUGGEST IDEAS, THEY LOVE ALL INPUT AND TAKE IT SERIOUSLY.
Why bother investing in this?
> How about you guys have a look at the online gambling market predictions for the next 10 years…
> “The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market.
In addition, factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements are also contributing to market growth. The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth.”
THIS PUTS A $104B VALUATION EXPACTATION FOR 2025.
IT THEN GOES ON TO SAY THIS:
> “ The growing number of sports followers across the globe has fuelled the demand for sports betting. The majority of bets are placed on boxing, baseball, football, and hockey sports, which is, in turn, driving the market.
Increasing the development of new technologies such as virtual reality and blockchain is also driving the growth of the industry. This may be attributed to the fact that several companies are now integrating the blockchain technology into their online gambling business. This helps them ensure transparency in gambling activities and offer enhanced user experience. In addition, blockchain-based gambling platforms are completely decentralized and are free of third-party influence.”
They LITERALLY KNOW AND INCLUDE BLOCKCHAIN in their report. THEY KNOW IT WILL BE A BIG INFLUENCE IN YEARS TO COME. Even with COVID-19, AceD covers every sport you could think of that would be running right now, it even has E-Sports. This market prediction, alongside the ACED betting website WITH FULL ANONYMITY… This is going to blow. Once more betting options are released too, especially live poker. Man, you guys better be ready, do not complain about not getting in. I have laid this all out for you, now the choice is yours.
The closest thing that even compares to $ACED is 25mc, and then the next is 40mc. Neither have Anonymous gambling. Once $ACED gains more features, they will be far ahead of these other platforms.
You do you Biz.
What are you current biggest draw backs? what is stopping you guys from really excelling and achieving these visions faster?
> “Funding, our goal is to build a self-sustainable model with acedbets.io and we are well on our way to achieving this. We would also like to introduce more entertainment options such as live streaming with tip functionality. With our growing userbase I think we can attract a lot of streamers to use our platform to share their content. In order to achieve these, we can have community votes on coins being minted and offered as OTC crowd sale.”
Legal troubles, could this happen with the anonymous betting? Once you guys do pop off and blow up, will this bite you? I don’t personally see a reason for it to but please explain if there would be.
> “Currently, we don’t offer betting in fiat currencies, our platform is strictly crypto therefore a gaming license is not required to operate in this space. However, if need be we are prepared to comply with any changes and a gaming license would be obtained if required.”
If the site does get hacked or anything happens, how safe are everyone’s funds? Sorry if this is rather random it’s just good to know.
> “All funds deposited into acedbets.io are moved over to cold storage. We only keep a small threshold to payout daily withdrawals which is replenished on a daily basis.”
Wtf went on with DGN? saw a lot of fud
> “I was in touch with Bubba-Degen (founder of DGN) , announcement was made on their discord. The FUD started due to couple members requesting a refund and were unhappy with the announcement of launch date being extended to upcoming Friday. The 2 guys went ahead and started spamming telegram groups with false information and accusing DGN as scammers. The DGN token will be listed on acedbets.io this weekend and the project will be live be going live on Uniswap on Friday. “