On 20. Sep YOLOdice switches from "players vs investors" mode to privately-owned bankrolls
and shifts focus to player-oriented experience (faucets, rakeback, competitions, games etc.)
TL;DR In other words, we are
closing investments. You will not be able to invest in YOLOdice bankrolls anymore. If you have any open investments on 20. Sep, they will be closed by us and funds will be moved to your account balance. If you're a player, this is good news - expect more bonuses and incentives for playing.
Whaaaat? No more investing? Why?We started YOLOdice 2.5 years ago and from the very beginning our goal was to build a transparent, fair and fun game that runs in
"players vs investors" mode. It worked great. We got the trust I could only dream of. Thousands of players and hundreds of investors joined the game and it was fun. Really fun.
Then in order to keep YOLOdice attractive for players we started adding bonuses: referral bonus, rakeback bonus, level-dependent faucet drops, competitions, jackpots... Something that other dice games had in one form or another, and again we wanted to excel at this. Adding more incentives for players enormously helped increasing engagement and added more fun to the game.
But here's the issue:
"players vs investors" mode does not work really well with player incentives. Simply said, with the current setup we don't have enough financial freedom to provide bonuses at the level we'd want. This is why we want to try something new and concentrate on player incentives and rewards.
Dozens of times, over coffee or via messaging, we discussed the issue and we narrowed YOLOdice near-future to these two paths:
1. Keep the bankrolls open, as it is now (the "players vs investors" mode)- this has been great for transparency of our ecosystem,
- but this already limits the ways we can grow YOLOdice, including player rewards, incentives and competitions,
- in the long-term it's quite hard to maintain a healthy equilibrium standing between players and investors.
-- or --
2. Make the bankrolls private- investing in the bankrolls would not be possible, so no more investors at YOLOdice :-(
- but it would give us much
more flexibility and financial freedom regarding bonuses and rewards (rakeback, referral bonuses, faucets etc.),
- we could make
competitions more attractive by offering higher prizes,
- this in turn could stimulate playerbase growth and engagement (that's what we hope),
- we could keep
faucets, rakeback and referral funds 100% full all the time (it's been a huge source of complains recently, I know).
After several long discussions we've decided to try path (2). We've been running open investments from day one and we really want to try a different approach now.
What will happen to current investments?On 20. Sep we will close all investments. If you ever invested in YD, you know how it works - the current investment's amount is instantly transferred to user balance. It will be up to investor to withdraw the coins if they wish so. No worries, we'll email all investors to remind them!
Until 20. Sep nothing happens and your investments should bring you the regular share in site profit. Obviously, if you want to close your investments before 20. Sep, feel free to do this!
Is this permanent? Will I be ever able to invest?We might re-open investments or allow individual investments in the future, but this has not been decided. Let's try this new path first and see how it goes. If we plan anything new, we'll let you know in advance!
Will the max per-bet profit decrease?Yes, it will, but hopefully not as much to affect majority of the players. We'll compensate that by increasing player incentives, which in turn should benefit almost everyone.
What other player bonuses can we expect in the futureWe have a few things in mind - weekly fully-automatic leaderboard with top players getting rewards every week (think: mini-competitions-every-week-for-every-coin), a few more games might come too, including a PvP lottery.
All new things will come gradually, so stay tuned!
This is a big change for YOLOdice and both we and you have one full month to prepare. I'll be happy to answer any questions!
Cheers,
Ethan
Don't blame you.
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