Bitcoin Forum

They are offering 2% daily returns (no time limit) and you can unstake and cash out any time. Is it too good to be true? I seek advice from reputed and knowledgeable members of this forum.
Below is the proof;

https://i.ibb.co/k8v7cZS/trust-dice-chat-1.jpg (https://ibb.co/BZFpskC) https://i.ibb.co/dgFx2zw/trust-dice-chat-2.jpg (https://imgbb.com/)

I am not so familiar with this but you can read the FAQ to get the full details.  

https://trustdice.win/txt/faq

Everything that is written in the FAQ are more reliable, and even if it's too good to be true but if they guarantee it, then it's up to you if you'll trust them. This casino had build a reputation in the forum, so I don't think they will think of scamming.

-----

I read some of the FAQ, I think it's not so simple that you'll just receive 2% daily of your TXT stake.

Do you get the reward? I don’t see a problem here if they pay user based on the percentage they declared. It’s their business and probably your reward is on TXT tokens too which they have tons of supply.

I doubt this offer will be long term so just take advantage on it while they re offering this kind of huge reward. Casino usually do this to promote their own token then later on change the reward once many user already staking.

I don’t check the offer personally but there’s nothing wrong if they are paying since they have source of income from the casino unlike typical ponzi/hyip that only rely to other user deposits.

Here's the calculation.


I only read the FAQ, but there's no mentioned what if they're in loss, all they talk is about profit. You should ask whether they charge fees or not whether you withdraw your staked coins.

It looks sketchy, but they have a long term campaign in this forum, so if they scams you, their reputation are at risk.

Remember, the customer support said "potential reward" which mean could be less than 2%.

I don’t have much knowledge about this staking of TXT for. Period of time to earn some dividends but I feel it would have been better if you had asked this question in their Ann thread.

I tried shuffling through ninjastic to try to see if I’d see any conversation that was held that’s related to this in their Ann thread but none of them were clear to me.

Concerning the issue of it being too good to be true, I’d still trust them more than other sites offering the same thing because they do have a means to generate the funds (through gambling) and also you’ll have to wager some amount to be able to get the TXT in the first place and then stake it.

Yes, many of the people are ignoring this important point. The reward is not fixed at 2% per day; rather, it’s up to 2%. At least this is what can be meant from the phrase. Practically, if it was 2% per day, then they might go bankrupt by providing the users with these high returns. It will take exactly 50 days to double your money. Sounds very fishy. But yes, as we know, Trustdice has been operating for a long time and has a good reputation; hence, I don’t think they have a plan to scam anyone.

First I don't know if this is a reputable site so I will made a check. Then I will verify how it works their token and their staking system.
Where new coins come from? How they can offer a fixed returns?
There is a "creepy" details...  since they are talking about USD and not TOKENS... because if they can offer 2% daily of their token ok... just an inflationary coin maybe with some strange vesting period. If they are offering 2% daily in USD ::) :D ....

Trustdice is the casino always subject for criticism due to their x5 wagering requirements on first deposit but they are always responsible on dealing with concerns here in the forum. They are one of the casino that has long running signature campaign until now.

They are trusted considering their long activity without any major issue against their service. Also the rewards are in their tokens(TXT). The OP just use the $ as reference for the amount but Staking and rewards is in the tokens which you guessed right.

Yeah
Potential winnings which simply means that, it might be lower or even higher as the case might be but no need to doubt since the reward was coming from them directly and to the best of my knowledge, they already have a very long lasting campaign over here with active representatives if I’m not mistaken and just as a previous user already  suggested that, for better response, you should channel this question to their main an thread and I’m just you’ll get the response you actually desire.

Take the opportunity and since it’s a gambling token, the casino will do everything to attract more people to it and I guess 2% reward for staking isn’t a bad one and at some point, they’re trying to get more people to stake and it might reduce if they get more people to stake than expected.

2% is an insane offer since it’s on daily basis. You will not find anything close to this coming from a legit service since even Exchange only offer 2% annually not in daily basis.

I believe the catch on their reward is the potential wagering requirements on the rewards before you can withdraw it. Also the terms mention that the rewards will come from the pool which means it varies depending on the number of stake TXT. Normally, It will decrease when there’s a lot of stakers on the pool. It based on the dice profit and it will calculate rewards based on the weight of your staked TXT to the pool size. So that 2% is just a rough estimate.

That offer is really attractive, but at the same time it is really too good to be true. I think it's better to post this in their announcement thread here on Bitcointalk for a better answer. From reading some replies, it seems like they are just recommending common things to do without having experienced this matter themselves. For sure, there is some users in the announcement thread have tried this. Good thing you ask 1st before trying this feature by trustdice.win

If you visit the TrustDice website and read the FAQs, you will have a clue of what is happening. This is a game of the early commers receive the huge benefit. Read the answer to the question of how many TXT is released daily.
This means that at the end of 250 days, the reward of stake would reduce. So, going in early, staking high and having 200days stake could be a good thing to do.

Also the question of How much TXT can be received daily when staked
This shows that the 2% is the highest one can receive but you need to stake much higher to get this, otherwise it is 1% which is still very nice.

Obviously this isn’t sustainable. If anyone could make 2% per day in profits, they wouldn’t need any sort of business or customers. They’d just get insanely rich and move on with their lives. Whenever you see yield promises you have to ask where the yield comes from and if it isn’t sustainable, your investment is the yield.

We all know that, 2% seems extremely impossible but thanks to your explanation and atleast I thought you were a legal practitioner because you really took out time to explain everything and I’m not sure if a representative would even give this detailed explanation 😝
Above all, what actually caught my attention was the fact that, it said it that the 2% was a potential winning and it could either increase or decrease and you already made it clear with your explanation that, the 2% is almost impossible to claim

It's basically from the portion profit from the casino revenue.

These mostly just potential rewards, this reward could be changed or decreased depending on the total token it's being staked or the revenue they're getting. As you can see, they mentioned "potential reward" meaning it's not fixed just potential reward in the current day.

Still can be change, and no wonder why the percentage it's kinda high (mostly not many people yet to stake, or still not many people know them yet). Like usually, more people coming early for the investing, the higher is the risk but while you came late (usually the % sharing profit revenue it's gonna to be low, because so many people already stake token or investing).

Based on their calculation potential reward, yes it's sitting on 2.07% but can these decrease ? yes......

My first instinct will be to do more research. Find out what markets TXT is tradable, how staked coins are held and how easily can they be swapped for BTC or ETH, what is the total supply and last month chart of the token?

It is possible to get 2% of your staked capital but still be below break even after a month if the token dips in the market.

- Jay -

Answering all of these questions cannot provide convincing answers about how the platform can pay fixed returns, regardless of the investment amount. It is logical that no investment can achieve fixed returns. This means that if this feature is actually real, then anyone can become wealthy simply by depositing the token and receiving daily benefits.
I don't question the platform's reputation but some offers seem too good to be true. There may not be sufficient proof that this cannot actually be true, but compared to previous experiences, the end is always disastrous. My advice is not to follow any offer, no matter how tempting, without obtaining sufficient guarantees. In this case, the only guarantor is the reputation of the platform.

This may be the way trustdice has found to compete with the rest of the casino tokens that have become a trend. There are successful tokens, and I hope that the wave does not turn into a bubble waiting to burst.

I will tell you why it sound to good to be true. You will really get 2% daily BUT in their Website they say 1 million TXT is 1$ and you will get 2% daily but in other currency so for example if you stake 1$ TXT then you will get 0.02$ worth of other currency daily but the problem is to get 1 million TXT (1$) because if you want buy 1 million TXT then it cost you 45$ in uniswap so in reality you pay 45$ but they say its 1$ and then you will get 2%(0.02$) from the 1$ daily but you have pay 45$ for this "1$"

Sometimes those support agents are confused and can promise what is not, all you need to do is to take extra step to read through the terms of service on Trustdics because that is the only way you can determine what is uptainable in such a service or promotion, although the potential rewards of 2% is unbelievable but I know when you read through the terms and conditions you will understand all that it takes to achieve that potential rewards.


Trustdice have a good reputation here on this forum so I am sure getting information from them as regards the TXT staking and rewards calculation, ops can contact them also on their ANN thread here in the gambling board.

They have been doing this since last year, and Trustdice is still up. They managed to hold on to their reputation and still make a profit until now; I'm sure they will not offer that kind of return if they cannot sustain it. They are doing this to attract many players to play so they can claim their native token, TXT, and stake it.

It may look unrealistic, but not for a casino platform with a good standing in the gambling industry; I see it as a gesture of generosity to their community.

True, as I read the FAQ and the discussion, it seems the reward is dependent on the profit on a certain game (dice) and distributed to the stakers.  I do think this kind of approach will be sustainable in the long run since it is based on the possible profit of dice. 

The support staff probably gave a shortcut explanation which I think is somehow misleading and gives @OP confusion, the reason why this thread was created. 


I also think that the one @OP had chatted with is confused since the information that the support agent told @OP is different from what is written on the FAQ.  My initial reaction when I read their conversation was the casino can't sustain such reward but reading the faq and finding out that it was just a potential reward and not a fix reward as the agent stated changed my thought.

Obviously this is just a format t get the attention of investors and if you want to know better, you can go on to read the FAQ of the staking and how the system make their pay out at the end of the month and how much rewards each staked receive and what the conditions are to getting that outcome, most times we need not to take captions and headlines title serious without reading the entire body of the context.
We should not be desperate or seen as desperate in our approach to thing's as regards to investment and the potential rewards in profits, because scammers can only get to you according to you dept of desperation and greed, so if there is none of that, one will not have any issues.

The risk here is the market value of TXT, if we spend $100 and get $2 daily that can change if the token value drops 50% then we will be with $50 making $1/day. I'm not sure how the variable that market is, i tried to search for the token in coinmarket cap, but couldn't fund anything about it, i think isn't listed there.

And the thing about staking is, while more coins are mined then the reward is lower. maybe today is 2% but with time that percentage will drop. I'm not sure, but it is worth reading more about the topic, because 10% 5 days sound too good to be real.

Am not that familiar to what is TXT staking but since trustdice is still one of the gambling site that has representative and active signature here I believe that they are in a good percent to be trusted(but also remember that even best casino sometimes have their scam exit from a long time of operation, not saying if they are one of them but consider everything before depositing and trying this offer)

but also if this is a consistent percentage to take on ? or depending in the value and the movement of TXT?

Probably that will decrease when more and more people are joining the program.
The computation is merely based on the 50% profit on a daily basis as per stated in the rules.


So more like the amount your stake is gonna be converted to the percentage of share IMO. At the early stage, it could be profitable, but factor such us drop of TXT value might affect your profitability since it's not yet listed in more liquid exchange like Binance.

It's not yet listed; you can only buy and sell it on Uniswap. Here is information about this token and where you can buy and sell it. Only gamblers who play on Trustdice are aware of this token, but it's a good opportunity for additional profit. 2% daily from a stable company is a good profit.
https://trustdice.win/blog/how-to-buy-and-sell-txt-on-uniswap

If done by an unknown company, it is a high-risk investment, but it is Trustdice, and it is on their native token, and they have a good reputation here and a good standing in the industry. I will check it later, but with this profit percentage, it's a big attraction for players to try out Trustdice.

The numbers don’t really add up. The calculator says you will earn 2% but if you scroll down on https://trustdice.win/txt/payout it shows that the total rewards to stakers is less than $100 and there are over 3.6 billion tokens staked.

The confusion might be because the profit calculator assumes that 1 million TXT tokens is worth $1 when in reality it is $24 according to the exchange rate on Uniswap. If you earn $0.02 for 1 million tokens worth $24, you are only earning 0.08% daily.

The highest reward that I have seen before which I went for and that I am still doing is my bank 20% APY earning. The money will be in my bank account and the earning would be credited daily. When I first saw this at the beginning of this year, I even doubted it. Yet that is 0.0547% daily profit. If a profit is as high as 2% daily, I do not know how that site is, I can not invest. When I first saw this thread, what I thought was that maybe the OP is accessing a fake Trustdice site.