Introducing Cupz: A newcomer in the gambling dapp steem world

in #steempeak6 years ago (edited)

Well newcomer maybe it a wrong word, but it has been here for a while. But they are building on their portfolio in a rather fast way.
The problem for them and for us, is that after the Magic Dice exit scam and the ongoing false promises of Steem-bet, it is hard to know if you can trust a gambling dapp or if it worth investing!
But after a chat with the owner, who is very responsive, I decided to give them a try!

Here are my thoughts!

Overall

Well the interface is clear but the color scheme could be a little bit better.
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But you can see immediately that they do offer 4 games at the moment and the rumor is that they will be launching a fifth one this week! It is great to see a gambling dapp with a various offering of games.
The betting is done via keychain, which is great on one side, but the missing of steemconnect means that cupz can't be played on the mobile devices, which probably does cost them some volume.
The volume at the moment is rather low. They do deserve more volume in my opinion.

Just like most gambling dapps, one can earn tokens with gambling. There will be max 5000M tokens available. For the moment 500 tokens are your reward for a 1 steem bet. Each time 5% is mined the token distribution will be halved.

Cupz

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The first game they did offer.
The game play is simple and it is played against other players! Choice your stake and click the cup under which the ball is located according to you. Of course is it possible to pick more than one cup.
When all cups are choicen, the outcome is revealed. The winner will get the complete stake minus a commission. The commission is 2%.

Dice game

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The famous dice game.
Which is great here that there are 2 options. You can gamble with steem or with the native token Cupz. How great is that!
Which I also like is the possibility to bet over and under. But there is still room for improvement. The number which is rolled is shown inside the cup, but it disappears after a few second. I would like to see it staying there until the bet is placed!

Schrodingers Ball

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A pretty straight forward and simple game. It a ball in the cup or not? It is up to you do decide.
If you are correct you will get almost the double of your ante. So for a 1 steem bet, if won, you will get 1.98 steem.

The game changer: roulette

I love to play roulette, I always have done so and now there is a gambling dapp availble which does offer.
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It allows you to bet on the under/over, first 18 or last 18, red or black. A number spot on, the first, second or third row, and the first 12, second 12 and last 12.
The house edge in roulette is the number 0, which doesn't belong to any of the above bets, expect a bet on number 0. It is an European roulette because there is only 1 zero!

What I am missing here is the possibility to bet on corners (4 numbers) and on a street (3 numbers). But there is enough possibility to have some fun!

Dashboard

Also something I like, the personal dashboard. Here you can find the number of cupz you have, how much this is compared to the already total distributed number of cupz!
And you possible dividend.
Also you can find information about how many bets you have wagered, how much steem this was and how much steem was paid out to you!

Leader boards

They do understand that steemians do like leaderboards. So they have 3 of them.
Most steem wagered in a day, most steem won, and the referral with the most steem wagered.
image.png

Due to the volume at the moment it is pretty easy to get on the leader board.

So it hard at the moment to promote a gambling dapp with all the things going on.
I can only tell that I do enjoy playing there. There is only a negative thing, which I don't like. The div pay out will only start when the first halving of the tokens is done, so after 250M are mined. I did hear this story before at steem-bet. I can understand that with the current volume there is not a real business case to distribute divs. They do accumulate the divs at the moment. But it will take some time, for sure with this volume, before the first 250M are mined.

So you will have to make your own decision.
If you do want to give them a chance, feel free to use my ref link!
https://cupz.io?referrer=fullcoverbetting

Cheers,
Peter

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Another great review of a steem dapp, my friend 😍

Posted using Partiko Android

A Schrodinger's cat walks into a bar. And doesn't.

You have a referral :)

Thanks!
Don’t gamble it all away!

I'm in plus currently.

Will this remark jinx me? :)))

I have played cupz for sometime and have found it to be a good site. There is always risks with these sites, but from my perspective they are trying to right thing. I agree with @fullbettingcover they deserve more players. Their games are fun and roulette is a game changer. I think the addition of steem connect will help their volumes, but still is recommend more people check out the site.

Posted using Partiko iOS

More players, More players!!!
Steem Connect is almost there, i'm just running tests and fixes ATM

Indeed I can't wait for the moment that steemconnect will be implemented!

Thanks Peter for this mainly positive article. I'm glad you're enjoying playing our games. As you mentioned we already have 4 with a 5th due imminently. This next release will also include Steem Connect integration, opening the site up to many more players.

I have noted the desire to have the result of the Dice and Shrodinger game stay around until the next bet is placed and will include that in the next release too.

As you mentioned volume is low at the moment and dividends are not being paid out, but are being accumulated and your current levels can be viewed in the dashboard. We set an arbitrary point at which to start distributing dividends at the point of the first halving. This would mean there would be a worth while amount of commission to share with the cupz owners. If daily volume increases to a point where it seems worth starting that distribution earlier, we would be happy to do that. The sooner the better really, as I know people are feeling a bit cautious with the recent goings on and we are anxious to prove our honesty and trustworthiness.

Regarding betting on corners and streets etc on Roulette, this is something I am keen to get implemented and will on after the next release.

Maybe it is a possibility to hand out the divs on a weekly basis at the moment. I know that it isn't much, but it maybe proves that you are a legit project.

Always happy to give some feedback. If I wouldn't have like cupz I also would have written it!

I have been thinking about it and I am thinking along the lines of letting people take their share at any snapshot in time. Needs a bit of thought and design work, but I think that could be good.

That's the way Kryptogames does it at the moment and could be a great in between.
But I don't know how the divs calculating is at the moment in cupz. If at the moment it is just at share of the divs availble, you will need to redesign it into something where you do the calculation per day and add it to a total claimable per account!

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Hi @fullcoverbetting!

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If I want to bet at fotball with Steem. Do you know Where,? Or bet at Bitcoin price?

Posted using Partiko Android

For the moment there is no sportsbook available on the steemblockchain! That would indeed be a killer app!

Via bitcoin I have played on:
https://nitrogensports.eu/r/4958638

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