AMA Recap Crypto Library with XBITCasino


On 02nd September 2021, XBITCasino conducted an AMA in the Crypto Library Community. Our guest is Michael Luchs. Lots of questions as usual from the Community about XBITCasino progress. The XBITCasino team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into XBITCasino.

Let’s take a look at the most interesting points of our conversation. 

Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Michael Luchs (XBITCasino) : Hi everyone this is Mike from Switzerland, 33 Years old and Marketing Manager for Xbit.
Crypto Library Team : What is XBITCasino? and how your team can create this project?

Michael Luchs (XBITCasino) : XBIT Casino is a Crypto Casino where you can play with Cryptocurrencies, offering an efficient platform. The crypto casino is already live and available under

Crypto Library Team : What features and products does XBITCasino want to offer? And why should we choose XBITCasino?

Michael Luchs (XBITCasino) : Casino Xbit has over 500 different slot Machines, Table Games like BlackJack, Roulette, Baccard etc., a live Casino with real Dealers, Jackpot Games and Sport bets for Football, Basketball, E-Sports, etc. Not many Online Casinos have such a great offering, and you can Play with Cryptocurrencies, making Deposit and Withdrawals 24 hours/7 days possible.

Crypto Library Team :  Please tell us about $XBT token! What are the token use-case, distribution, and where we can buy it?

Michael Luchs (XBITCasino) : It is important to know that $XBT is a Coin and not a Token. The Coin is based on the independent Blockchain Xbit, which is offering many advantages as a Token, for example: The Transaction Time is only 30 seconds and this will never change also in the future, another feature is the transaction fee which is very low compared to others and will never increase like Ethereum etc. And the most important thing is that the Xbit Coin is a representative share of the Casino Xbit. The coin owners will receive the gain of the Casino Xbit. This will lead to an increasing price of the Coin every year! You can also Stake the Coin on to get an additional 5% every Year. The Private Sale will start soon, all Information where and how to buy the coin will be released in Telegram and in the official Newsletter Public Sale will start at the End of September on Dextrade and Alterdice.

Crypto Library Team :  Could you give us some information about your roadmap, your milestones, and also your future plans?

Michael Luchs (XBITCasino) : In my opinion is the Xbit Casino a very well-developed platform, featuring exciting games and offering a fancy and up to date website. But the Community has to grow. For example, with the Casino, it is possible to play Poker with your friends. But they need an easy way to buy the Coin. So we are working hard to make it much easier for the users by developing a Prepaid Card with Xbit Coin on it. We aim that you can buy the card in the Supermarket. We also try to implement and make the Xbit Coin available in the Playstation Network, Xbox, as part of the Gaming Livestreams and community. And thanks to the Cryptocurrencies we will also be able to make this year the first International Lottery. Until now, we have developed the building blocks, are currently working on exciting new features in order to have a successful future together! Stay tuned!
Crypto Library Team : I have read your whitepaper, but I dont see about tokenomic from CasinoXBIT, can you tell me about CasinoXBIT tokenomic? And Is the token designed to ensure the sustainable growth of the project?

Michael Luchs (XBITCasino) : The Xbit is a Coin and not a Token, so the value is not only this excellent and well developed Blockchain, the Coin is a representative share of the Casino Xbit and users who stake their Xbit coins will receive a voting right for each 10 thousand Xbit Coins. This is a Voting System on the Counos X Blockchain. And as mentioned, the Xbit Blockchain has also a Staking System: And last but not least, with the gain of the Casino Xbit will be bought the Xbit Coins and get burned, the number of coins in circulation decreases.

Crypto Library Team : Can you explain about miner verification? Because according to your mining structure, in order to receive rewards, "Miners need to be verified". Is the verification process easy to do, and how?

Michael Luchs (XBITCasino) : Yes, the verification process is easy to do, go to and do the KYC level 1 and 2. After that you will be able to Stake your Coins on: 
Crypto Library Team : At this moment, which one the most Necessary for your project? Investors
Community? Market/Exchange? and why?

Michael Luchs (XBITCasino) : Every Point is important for our Business, the Investors are important for the marketing and it is important that investors make money with the system. The Community is important for the Demand of the Coin, this will increase the price and a good market.

Crypto Library Team : Do you have Whitepaper if yes please share it with us and secondly do you have plans for pre-sale?

Michael Luchs (XBITCasino) : Here's the whitepaper:
Crypto Library Team : I have learned that the “wrapping” or “unwrapping” of XBT coins is available. Can you tell us where can we wrapped your tokens and where can we use it?

Michael Luchs (XBITCasino) : There will be an Instruction after Public Sale on

Crypto Library Team : What are the benefits of using Xbit Coin? Being a decentralized gaming ecosystem, with a verified license, what are some of the benefits that your platform can provide for users? Being a $Xbit holder, what benefits does it provide me?

Michael Luchs (XBITCasino) : The Xbit Coin is a representative share of the Casino Xbit. So you are a Casino owner  So the Price of the Xbit Coin will not only increase because of the high demand, there is also the gain of the Casino what you can participate.

Crypto Library Team : Many times as users we participate in online games and we obtain the rewards in the token of that project and we have to wait a long time to exchange, in which exchanges $ Xbit is already listed and what is the easiest process to exchange to more tradable currencies?

Michael Luchs (XBITCasino) : Soon we have our Private Sale on after that we will do the Public Sale on different Exchange like Alterdice and Dextrade. But the Project is very well developed and we are sure that many Exchanges will list our Xbit Coins.