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News & Notices: GambleJoe: An important note about our GJ Coins

Topic created on 05th May. 2025 | Page: 1 of 9 | Answers: 122 | Views: 7,200
Matthias
Expert
Dear Community,

today we would like to inform you openly about the current situation of our GJ Coins.
Over the last few months, many of you have been busy earning GJ Coins or winning them through our lotteries and calendar promotions - a big thank you for that! Our monthly value increases were a sign of appreciation.

The GJ Coins have been a great success for almost 5 years and we find the coins very practical and want to stick to them.
As you know, we earn our money exclusively from the legal gambling market and have unfortunately had to realize in recent months that the entire industry is going through difficult economic times and generally has to operate more economically.

A lot of GJ Coins have accumulated in the system, which correspond to a 5-digit euro amount.
This amount is continuously increasing and a later, bundled payout would possibly overtax our resources.

That is why we have decided:
- The value of GJ Coins will not increase any further with immediate effect .
- GJ Coins can be redeemed for gift cards at the current maximum value of 81 cents per coin.

Our aim is for as many of you as possible to benefit now from the GJ Coins you have earned and to have your balance paid out gradually - and not to wait for an increase in value, which will no longer occur.

Thank you very much for your understanding and cooperation.

Best regards
Matthias

P.S:
We will ensure that new voucher cards are added to the system on an ongoing basis, we have currently massively increased the stock so that we can process your applications immediately.

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garfield68
Elite
i think we can all understand that, we can be glad that you offer something like this at all.

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xxjj19
Experienced
Ahoy GJ team

that is absolutely understandable.

VG

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upola
Legend
I only collected my coins because I don't have a Paysafe account and I get Amazon vouchers for them. I didn't even think about an increase in value

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frapi07
Elite

upola wrote on 05.05.2025 at 13:04: I only collected my coins because I don't have a Paysafe account and I get Amazon vouchers for them. I didn't even think about an increase in value

Was even recommended by GJ ^^ It was on the page where they introduce the GJ coins.

I actually collected them because I only wanted to use them once I had reached a certain amount. I generally play with higher bets ^^

But the current economic situation is difficult. Hopefully things will move in a positive direction. The treaty has been in place since 2021 and everything has remained the same (bad) for the last 4 years.

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x00NY
Elite
thanks for the info

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Ariana
Experienced
There are no coins in the 5-digit euro range being hoarded...I would have a use for them 😱

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btssultan
Experienced
I didn't know that, I always spend them straight away ^^

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flaschenposter
Experienced

btssultan wrote on 07.05.2025 at 14:18: I didn't know that, I always spend them the same way ^^

me (actually) too. Or: I would like to - unfortunately I am missing 0,56GJ...



Hm, some people actually seem to be collecting for their (dragon) GJ hoard, that sounds like a balance somewhere between a Bayern Munich fixed-term Deposit account and a well-filled call money account--

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upola
Legend

flaschenposter wrote on 07.05.2025 at 15:18:

me (actually) too. Or: I would like to - unfortunately I am missing 0,56GJ...



Hm, some people actually seem to be collecting for their (dragon) GJ hoard, that sounds like a balance somewhere between a Bayern Munich fixed-term Deposit account and a well-filled call money account--


Enough for a small car.

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Butterbrezel
Elite
Could you perhaps set up a way to give coins to other users?

I currently have 5.81 coins, which corresponds to 4.71 EUR.
If I were to donate the 4 EUR (because I can only donate full EUR), there would be 0.71 EUR left over forever, which would be in credit nirvana

If I win the lottery again, I'll redeem the coins immediately. 20 EUR in -> 20 EUR out.
So the 4.71 EUR / 0.71 EUR remain again.

If the value of the coins doesn't change in the future, we can distribute them internally so that there is always an even number left over, right?

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frapi07
Elite
Butterbrezel wrote on 07.05.2025 at 18:45: Could you maybe set up a way to give away coins to other users?

I currently have 5.81 coins, which is equivalent to 4.71 EUR.
If I were to donate the 4 EUR (because I can only donate full EUR) there would be 0.71 EUR left over forever, which would be in credit nirvana

If I win the lottery again, I'll redeem the coins immediately. 20 EUR in -> 20 EUR out.
So the 4.71 EUR / 0.71 EUR remain again.

If the value of the coins doesn't change in the future, we can distribute them internally so that there is always an even number left over, right?

You win 20.50€. So if you win, you will have 25.21€ and could theoretically take a 25€ Amazon and thus you would only have 0.21 Cts left. Of course, only if you can find a use for the Amazon voucher. But it shouldn't be difficult, you can find everything on Amazon and you can use the vouchers even if the order costs more than 25€. Then you just pay the difference. Just as an idea, so that you don't have to sit on the €4.71 forever.


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Butterbrezel
Elite

frapi07 wrote on 07.05.2025 at 18:56:
You win 20,50€. So if you win, you will have 25,21€ and could theoretically take a 25€ Amazon and you would only have 0,21 Cts left. Of course, only if you can find a use for the Amazon voucher. But it shouldn't be difficult, you can find everything on Amazon and you can use the vouchers even if the order costs more than 25€. Then you just pay the difference. Just as an idea, so that you don't have to sit on the €4.71 forever.



I thought the win was exactly 20.00 EUR? Ok.


Nevertheless, such a "give an odd number to other users" would be kind of nice, if it wasn't technically too complicated.

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garfield68
Elite
i would also be in favor of this, how often does someone have a few cents "lying around" and someone else lacks exactly these few cents for a 10 PSC.

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frapi07
Elite

Butterbrezel wrote on 07.05.2025 19:32:

I thought the win was exactly 20,00 EUR? Ok.


Nevertheless, such a "give an odd number to other users" would be kind of nice, if it wasn't technically too complicated.

frapi07

see also GambleJoe GJ Coin lottery . Even before that it wasn't exactly 30€, but a little more (not a lot, but minimal). GJ always rounded it up.

Sure, it would be a good idea, but it could also be abused by selling your coins to others, e.g. because you live in Switzerland or abroad and can't use vouchers. You could prevent this by setting a limit (e.g. 1x per month and only <€1) or have the gift approved first, but I don't know how much work GJ wants to put into this.

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