Dear log, here is my entry for epoch 1599579442…
Instead of talking about what I did last week (spoiler: Helping to push CR8) I would like to speak about the next two to three weeks. What we can expect, what needs to be done, and how you can help to make this a success. And I promise you: Your part will be the fun part!
All on orange! It’s done, it’s live! I am feeling so good about this. It has been quite a journey with a lot of ups and downs but finally, the CR8 Wallet is out in stores and they have two casinos in. Before we talk all the pain and suffering we need to make a few things clear:
Opibis and the Foundation are two separate entities. ASG is doing some development work for Opibis. I am supporting Opibis through ASG. I am not working for Opibis and I am not part of any decision-making process. All I can do is give suggestions on what I think they should do. I appear to be mixing up words like “I” and “we” because it should be “them” and “they”.
Let’s talk about the big elephant in the room: The wallet was released late, the first deadline has been missed by more than 60 days. Why did that happen? Well, first of all, there shouldn’t have been a fixed date. You can pick dates if the final product is in your hands, which it wasn’t back then. The estimation was: This is doable. And that was true, assuming you won’t run into any major issues. Everyone was working hard to meet that deadline. But if things are changing while you develop something, and you have to kick out stuff once at 90% you most likely “wasted” a full week of work. This can become quite depressing and puts enormous pressure on everyone. I am not talking about workload only, it’s a mental challenge as well to deal with all the things that get thrown at you.
It can become quite a challenge to stay reasonable not taking shortcuts and kicking things out just to hit a date. While this is disappointing to everyone who was waiting on the release it’s even more disappointing to those who want to get stuff out the door.
What has been delivered is way more than a wallet. Sadly people can only see the surface. But let’s split this up and talk about a few things in detail.
The Opibis Payment Processing Infrastructure was created from scratch, while it is utilizing the coinpayments.net API for rate discovery, 3rd party hot wallet management and allows easy integration for over a thousand merchants, a quotation, reporting, and KYC management system built where other services can plug into via API. It will also handle the FIAT payments. This took most of the time as those things are quite complex.
The Crayz8Token backend is the counterpart of the CR8 Wallet that manages metrics about users, handles operators, regulatory levels, promotions, and much more. It is similar to the backend on the BRM but has advanced a lot over the past 3 months and will become the new base.
The same goes for the CR8 Wallet, while it shares similarities with the BRM a lot has changed under the hood. It has been updated to the latest version of its framework, it has become modular, and the PSP integration has been done. While all of this sounds minor, those things are pretty big and absorbed most of the development time.
Looking at what has been archived, everyone who helped to make it happen can be proud of it.
Where do we go from here? Well, that’s pretty easy from my point of view. The following things need to happen:
1) Fix as many issues as possible and then go full blast marketing
2) Get more active users in
3) Get more operators in
4) Speed coinpayments up
5) Get FIAT payments live
6) Get on an exchange
Let’s talk about each of them and see what they mean and what needs to be done:
1) The whole thing is currently in soft launch mode. It hasn’t been put out to social media yet and is flying under the radar. That means that there is a slow but steady influx of new people over time. They are testing the wallet out, getting used to it, getting some coins, signing up with an operator and gambling. In other words, they experience the user journey. They also give valuable feedback and report issues. As we don’t have to deal with a lot of people at once, we can take each of the issues when it comes in and solve it. Looking at the current state, I would estimate we should be done with this phase next week.
2) Once the small issues that currently exist are solved we can go full blast on social media and allow real users to actually discuss this offline. Onboarding is smooth and easy, everything is in place. The team might come up with some incentives to get the wallet out to more people via some sort of referral system. I think ideas about this are getting tossed around at the moment.
3) Once more users are in, it will be easy to get more operators on board. Having several active players around the 500 mark is pretty decent and appealing to a lot of operators. It’s a lot easier to negotiate when the product is out and in use.
4) I would love to go back to coinpayments and talk about the “confirmation” issue but to be successful, we need more usage. I tried to educate them about XRP/CSC but so far they are a bit hesitant about it. I plan to get to a decent volume and then go back. On the CSCL there is nothing such as confirmations or 51% attacks or chain splits. It doesn’t exist. I need to get the message through.
5) Everyone is waiting for that and it will come. I am not exactly sure what the timeframe will be but it won’t be too long. This will open things up for the average Joe.
6) This is being worked on while I am typing this. It’s another step that needs to be taken to make this successful.
The tasks that are upon the team are challenging BUT they can be managed. This is real word usage in one of the most exciting industries on the planet. In my opinion, this is one of the smartest approaches we have seen so far.
Still, people will be like: “But why would I use CR8, with all the small bumps that are still there, it’s not that smooth as promised, what are the advantages?” And my honest reply to this is: Yes, that is correct. But this is just the beginning! This will become as smooth as you have been told.
One of the main reasons to use CR8 is: You have an edge over the casino no other currency can offer to you as of today. This is superior to every other bonus, rebate, or cashback facilities currently offered by any operator. This allows you to manage your risk in a way that never existed before while enjoying the entertainment of gaming. Once a patron understands this, they will be in.
And that’s just beside the ones we keep talking about for ages. CR8 will be a proof of concept for the regulated market. No one will be able to talk this down.
Imagine buying CR8 worth $100, send them to an operator, and gamble them away. You just check for someone willing to sell you some CR8 for less than the retail price of $0.01 (OTC or exchange). Now you sell those coins back to Opibis for the rate you initially paid, via the wallet. You just optimized your bankroll getting more bang for your buck.
I simply suggest to everyone, download the wallet from the App or PlayStore, onboard, do KYC, buy yourself some coins, signup with an operator and give it a try. You don’t need to be a big gambler to enjoy these perks and this is the best environment offered to you to do just that.
There is no other currency that will allow you to do so. Even if the margin goes down as everything progresses, you still might end up with that edge.
Join the Crayz8Token Discord: https://crazy8token.com/discord
Disclaimer: This post might contain ads, ref links, is 18+, the author’s personal view, and does not equal an official statement. I am not a native speaker which means this post is full of bad grammar and wrong spelling. Readers and viewers discretion is advised! All streaming, video, blogging, social media-related activities are done in my free time and not officially connected to my work. If you feel the need to raise a concern, do not hesitate to contact me.
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