EOSBet, which is currently the 8th-most popular gambling dApp, that visitors are now able to use bitcoin to gamble on the site. Ethereum and several other altcoins will also be added in the future. This is all part of the app’s ongoing attempts to draw in new users, and the campaign seems to be working.
Of course, EOSBet has a darker side: it gained notoriety last year when its smart contracts were hacked on two separate occasions. The earned hackers $200,000; netted the perpetrators an even larger sum of $338,000. Nevertheless, the gambling site has remained one of the most popular dApps for several months.
Users Up, Volume Down
In fact, EOSBet has been attracting users steadily despite those attacks, suggesting that there is no such thing as bad publicity. Because the attacks occurred just after the app launched, perhaps there was nowhere to go but up. The app now attracts about 3000 users per day (or 4000 users per week).
Although the actual number of that the app processes has fallen, this change is probably due to the fact that EOSBet began managing transactions differently in . It seems unlikely that a greater number of users are actually betting significantly fewer EOS tokens–especially given lower . Possibly, the site has changed the limits on each bet, but this has not been made explicit.
Going Mainstream
In any case, attracting users is a sure way to attract more revenue, and inviting will certainly help. The app has previously attempted to go mainstream by acquiring a (albeit from a country that is not the U.S.) and by adding features. Undoubtedly, many skeptics are still waiting for another attack to occur, but this is, overall, a step forward.
This is also an interesting case study in how dApps are expanding in a market saturated with gambling apps. apps have displace apps, so moving “backward” by adding support for mainstream cryptocurrencies such as bitcoin may be the only way for many apps to grow. bitcoin casinos existed long before dApps emerged, so they provide an existing customer base for dApps to target.
is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
source:
Published at Thu, 14 Feb 2019 18:30:17 +0000
