Edgeless was one of the earliest Ethereum casinos, branding itself as the world’s first “0% house edge” casino. Launched in 2017 with its $EDG token, it promised provably fair games and transparent payouts. At its peak, Edgeless was hyped as the future of on-chain casinos. But in 2025, is it still alive — or just another ghost from the ICO era?
Background & Reputation
Edgeless launched during the 2017 ICO boom, raising ~$2.5M in ETH. Its big pitch: no house edge thanks to blockchain transparency, plus staking of $EDG for profit-sharing. For a while, it drew attention as one of the first Ethereum-based gambling dApps.
Reputation: a mix of legendary pioneer and failed promise. While respected historically, Edgeless slowly faded as new casinos like Stake, Rollbit, and Polymarket took the spotlight.
Features
- Casino Games → dice, blackjack, roulette, poker.
- 0% House Edge → in theory, pure peer-to-peer odds.
- $EDG Token → used for staking, rewards, and governance.
- On-Chain Transparency → games ran via smart contracts.
- Staking Pool → players could earn from casino volume.
It was marketed as the “fairest casino ever built.”
Safety & Risks
Pros:
- True blockchain pioneer.
- Fully transparent game logic.
- “0% edge” concept was revolutionary.
Cons:
- Activity collapsed by 2020.
- $EDG token lost almost all value.
- Weak adoption compared to newer hybrids.
- Feels abandoned — no strong updates since early years.
Safe in theory, but mostly dead in practice.
What Players Say
- Fans → “Edgeless proved casinos could be built on Ethereum.”
- Critics → “dead token, dead casino, just ICO vaporware now.”
- On Reddit, you mostly see posts from old holders angry about $EDG’s collapse.
Community vibe = nostalgia + disappointment.
Who Uses It
- ETH maxis from 2017 still holding $EDG bags.
- Historians of Web3 gambling.
- Not real gamblers — liquidity and users are gone.
Edgeless = a case study, not a degen playground.
Real Stats
- Launch: 2017 ICO ($2.5M raised).
- Peak $EDG market cap: over $100M in 2018.
- Current mcap (CoinGecko 2025): under $5M.
- Active users: near zero by 2024.
Numbers confirm it’s a ghost.
Degen Tip
Don’t ape into $EDG — it’s basically a dead token. Use Edgeless only if you want to explore Web3 casino history.
Final Degen Verdict
Edgeless was pioneering — the first serious Ethereum casino, the first to shout “0% house edge.” But in 2025, it’s basically dead. Others ran with the idea and scaled; Edgeless didn’t.
As history, wagmi. As a real casino today, ngmi.
Edgeless proves that being early is legendary, but survival is everything.
