Ask Me Anything with Scorpion Casino at ICOSpeaks: AMA Summary
March 1st Scorpion Casino held an Ask Me Anything session with the ICOSpeaks team at our telegram chat.
1️⃣ Block 1 – self introduction from today’s speaker
Before we go to the first set of questions, could you please do a short self-intro?
👨💻 Nas Scorpion | Community Manager of Scorpion Casino| @Nas_scorp
Sure. I am Nas Scorpion. I am one of the admins for Scorpion Casino. I am also known as streets @streetdebt on twitter (X). You will see me around quite a lot on socials.
👨💻 Liam Scorpion | Community Manager of Scorpion Casino| @scorcas
I’m Liam and also one of the admins for Scorpion Casino. I’m here to help Nas during the AMA and provide your community with some visuals and infos about Scorpion Casino. Nas will lead the AMA.
2️⃣ Block 2 – project introduction by speakers
First set of questions to introduce the project!
Q: What is Scorpion Casino?
A: Scorpion Casino is a global crypto casino and sports betting platform that generates revenue where a portion of this revenue is burned and distributed to holders in the form of $scorp. In December 2021, the team came together to start building the foundations of the casino.We have been running a successful and regulated casino since October 2022.
Q: What is Scorpion token $scorp?
A: The $scorp token is our ecosystem token, which can be used in our crypto casino. By holding this token, users will receive various rewards, such as passive income, through our staking pool and during the presale. As a holder, you will have exclusive access to free games and bonuses at the casino, with many more exciting features to come!
Q: How can users invest in $scorp?
A: Scorpion Casino’s presale is live. We have raised $5,000,000+ from over 10,000 investors. The total supply of $scorp is 1B and we have allocated 480M tokens to the presale. Over 340M tokens have been sold and over $1.5M raised in a month. We expect to launch before the bitcoin halving on PancakeSwap and centralized exchanges (CEX).
Q: What are Scorpion Casinos sites and socials?
A: The presale and information page – presale.scorpion.casin
3️⃣ Block 3 – question from ICO Speaks team
Questions from ICOSpeaks team!
Q: Who is behind the project and what have you done to ensure the security of investors purchasing $scorp?
A: Online crypto gambling platforms usually don’t reveal their teams publicly.
You can also look at our competitors to verify this. The reason for keeping the team anonymous is that different countries have different rules and regulations, and in some places or religions, being associated with this industry is viewed negatively or even considered illegal.
We don’t want our team members’ professional lives to be harmed. Additionally, it’s difficult to find talented people willing to work for us if we require them to disclose their personal information.
Ultimately, it’s up to each team member to decide whether they want to reveal their identity or not.
To ensure our legitimacy, we have successfully completed a rigorous verification process with Assure Defi, which is widely recognized as one of the most stringent (KYC) procedures in the industry.
Scorpion Casino was created by several KYCed members. They are KYC-approved by Assure DeFi, who are trusted web3 projects to provide information to investors when necessary. We have been audited by Solid Proof to ensure the security of our investors. Our contract is edit-proof, so any funds raised in the presale cannot be reversed or moved. Additionally, Our casino has renewed its Curacao Egaming license recently to continue operating globally.
Q: I can see you have NFT tiers on your pre-sale site, how does it work and what are the benefits of holding this NFT?
A: The NFTs are an extra bonus when you invest in $Scorp. The minimum investment required to receive the bronze NFT, would be a purchase of $1000 worth of $Scorp. The NFTs give you extra $Scorp bonuses and casino credits in Q4. As you invest larger amounts, you will discover NFTs that will give you USDT staking, which is claimable once every month, as well as VIP support and other exclusive features that come with the highest-tier NFT. The only way to get this NFT is through the presale, and after the presale, through secondary sites such as OpenSea. Some of these NFTs will be more rare than others due to the benefits I mentioned and their quantity. So if you want to pick one of these up during the presale, I would suggest you look at how you can obtain one on a presale site: presale.scorpion.casino.
Q:Who can play in the Casino, are there any limitations to deposits and withdrawals and are there any bonuses or rewards?
A: Everyone is welcome to play at the casino; no one is restricted unless you are under the age of 18. We have a KYC option available for people to use for their own security when depositing and withdrawing funds. There are no limitations on deposits or withdrawals. Many users withdraw thousands per day normally without any issues. When it comes to bonuses, we have promotional offers available to our users. We have ongoing offers such as the Hall of Fame instant bonus with a prize pool of $1,000,000 and a 10% weekly cashback bonus. Furthermore, we have a redeemable rewards section in our casino for players. If you have a certain amount of scorpion coin (which can be earned playing at the casino), you can redeem it for RWA- real world assets such as iPhones, Macbooks, trips, and luxury vehicles. A few users have already redeemed iPhones and Macbooks, and we have shipped them out! You can check the rewards section at our casino: scorpion.casino.
Q: What sort of games are there at the casino and tell me more about the revenue distribution and burning (BBB) . How does it work?
A: We have over 120 live games, over 200 casino games, and 30,000 betting opportunities. We also have the sports feature separate from the virtual sports on its way and several other popular crypto games in the future. The buyback and burn mechanism is a built-in mechanism into our contract that uses 20% of our casino revenue to distribute to holders in the form of $Scorp and burn $Scorp tokens. 10% will go towards burning, and 10% will go towards distribution. So think of it as a cycle: you hold $Scorp, you earn $Scorp, and we burn $Scorp. With this cycle, it will drive up demand, reduce supply, and increase the price of the token.
Q: Are you doing any marketing?
A: We are continuously doing marketing. Without marketing, we would not have raised $5,600,000 in the presale. We have several ambassadors on our team, and recently Sofia Zamolo, a famous host and model with over 1.1 million followers, joined us. We have ongoing campaigns on BSCscan to spread awareness of $Scorp and much more is lined up. This will pick up as we move closer to launching. You can find more information on this on our presale page and in our telegram group. https://t.me/scorpioncasino_official
4️⃣ Block 4 – Community Voice.
Community asks the questions they are interested in.
Q:What is your strongest advantage that you think will make your team leading the market?
A: Crypto Casino Token Case Study 📚
* Launch in 2020
* Token Launch in 2022
* 480x growth since launch
* Reached Top 250 on Coinmarketcap
* Buy and Burn implemented in August ’23
* $2.5 million USD burned in the last 30 days
* $20 million USD revenue in the last 30 days
Rollbit, a well-known online casino established in 2020, has wagered over $5 billion USD since its inception.
Having released their currency in 2020, they have experienced a massive growth of 480x since the launch of the RLB token. Even during the worst bear market, their token is one of the few generating substantial profits for their holders.
What does this mean for SCORP:
Back in June, we introduced the idea of the Crypto Casino Buy and Burn concept, making us the first ones to do so. Since then, Rollbit has created their own version and shown that our idea works really well. This confirms our belief that we can achieve similar or even better results, just as we had imagined from the beginning.
Is RLB competition for SCORP:
No, not at this stage because we provide an opportunity to buy into the $SCORP token before the launch with the potential to experience similar growth.
Rollbit is already too large, making it challenging for them to achieve a 2x increase because they would need to grow the RLB market capitalization by more than $500 Million USD, which is extremely difficult to realize. In contrast, SCORP is just in its initial stages.
How does SCORP aim to be the #1 Crypto Casino?
We don’t only have the buy and burn model implemented, which has led to a significant upward trend and token price multiplication for the RLB token. Our core focus is on staking rewards, where we daily redistribute tokens to the community, creating a powerful passive income machine. This unique upward trajectory operates as follows:
More holders = More people playing and encouraging their friends to join the casino = Increased Buy and Burn = SCORP Price Goes Up = Higher Staking Rewards = More Holders
Q:What strategy will you implement to bring non-crypto-natives into your ecosystem?How do you keep a balance between developing the technology and also improving the value of your token?
A: This is a great question, similar to stakedotcom we are working behind the scenes with web2 companies to bring scorpion casino to the real world. We have sponsored the SIGMA website who are located in Dubai. This will attract many more users to our casino
Q: We have an international community, so the official language is English. In the future we will have other groups with other languages.
A: Is your project a community only for English speaking an countries or for users not of other languages?
Q: When will your token be listed on the exchange and which exchanges do you plan to list on in the future?
A: We will be listed on XT.COM and BitMart
Q:What is your strongest advantage that you think will make your team leading the market?
A: We have an experienced team from this field, we already have a community of players on our casino daily. The core of the project spinning.
Q: Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join l it?
A: 🦂SCORPION CASINO is on a mission to build the #1 social online gambling platform where users can earn daily yield based on the casino’s performance 💰
🗯 With 210 casino games, 30,000 betting opportunities, and 160 live games, we’re taking online gaming to a whole new level!
If you’re ready to explore a world of exciting betting and gaming opportunities, check out our detailed whitepaper for all the information you need. 📝
HERE IS OUR WHITEPAPER 👇
📚 Learn more: presale.scorpion.casino/static/media/Whitepaper.ad227e4e0cc75136ca54.pdf
You can join the presale here:
Q:Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something?
A: You will find all our socials here:
Q:There are currently thousands of web3 gaming casinos in market. So What kind of plans do you have to leave the Behind and stand out?
A: We can see there is a demand for casinos in this space. Scorpion Casino is working on becoming the most rewarding casino which will push us into the higher end of casinos.
ICOSpeaks hosted an AMA Session with the Scorpion Casino Team. That’s all for today.
Thanks to all users who participated.
Thanks, Scorpion Casino for being with us
Thanks, all and see you soon😉
Cheers 🥂
