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No, they aren't new in fact they are satoshidice (change just later on I think to cryptodice) and as what it indicates on the bottom of the OP this was just a separate thread for their investment platform. ...
Hmm. Then the OP is kinda misleading, I thought it's a new project. Are projects allowed to have multiple topics though? It’s written on the sticky thread that if it’s a new or significant features, then another thread is allowed. We think this invest feature is quite different from the usual game aspect, so we open another thread for investors to get info and ask questions. It’s easier this way because everything about the invest feature is gathered in one place. But feel free to point out if we are incorrect  . You better check the naming on the screens.   Thanks for pointing that out. We seems to forget to change our old name to CryptoDice.io  . |
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How is an investment plan, are there updated statistics in real time? How do you see which investors are real or not? Normally it is always good to see how money moves, to guarantee the confidence of those who decide to put money there.
Greetings and thanks in advance.
The statistics are all updated in real time. We currently display the total site bankroll invested by others, and also site profits earned. In this way, investors will know the potential gain they could get if they invested, and also calculate how much share of profit they can get. |
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No, they aren't new in fact they are satoshidice (change just later on I think to cryptodice) and as what it indicates on the bottom of the OP this was just a separate thread for their investment platform. ...
Hmm. Then the OP is kinda misleading, I thought it's a new project. Are projects allowed to have multiple topics though? It’s written on the sticky thread that if it’s a new or significant features, then another thread is allowed. We think this invest feature is quite different from the usual game aspect, so we open another thread for investors to get info and ask questions. It’s easier this way because everything about the invest feature is gathered in one place. But feel free to point out if we are incorrect . |
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What is the minimum and maximum investment that's users can have?
What do you mean by we can open up to 20 investment ? Is there a maximum limit for every 1 investment ?
And the return are you giving it daily ? Since you said that we can cancel it anytime.
Minimum 0.001 and no maximum currently. The 20 investments means you can open up to 20 investment positions. Say you invested 1 btc and sometime later you want invest another 1 btc, you can open a second position again. For the reward, it’s calculated instantly. If you invested and someone lose a bet the next second, you earn profit for your investment and you can withdraw whenever you want. |
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Another dice site on the block. Are you going to add FAQ section on your website?
So you can include the accepted payment methods, min/max deposit/withdrawal.
And other important things that a user usually asks for.
Also, how provable fairness works on your site?
Thanks for your suggestion. Provably fair is a system where players can check whether each bets are truly fair. You can check on the fair tab for the server seed hash in used. After each game, you can reveal the seed to check if it’s fair. |
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So will it be some "fixed time" sort of investment, or the inverters will be able to withdraw their funds any time?
Do you have some plan in mind to reward those who keep their funds on casino balance for a long time?
Investor can withdraw anytime. We usually don’t impose this restriction on investors fund, because we believe it’s really up to investor to do what they want with their funds. Regarding long term rewards, yes we are always looking for ways to rewards someone who has been with us for a long time. For example, we can have a “dilution fee” where we rewards existing investors. However, currently most casino only rewards equally to existing investors. Instead, we can rewards based on how long the investor has been with us, so long time investors can get rewarded more. This is one of the ways and we are always open for new ideas. |
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I was planning to try for fun to invest in the bankroll but yes certainly risk does exists and even without risk their are no rewards. Will go through this in detail and let see if find it more exciting might end up becoming an investor in your site. At times even luck is very important beacuse moment you invest and somebody wins big you end up in a loss.
Yes big wagers is certainly a concern to investors. We have already plan to limit the max profit to less than 1% of the bankroll to protect investment, because we would like to provide a stable return of investment to all investors. |
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Become The Banker | Earn Passive Income ✅ Wager as player or become the house? Now you can pick your side. ✅ Invest in the bankroll and earn passive income proportional to your contribution. ✅ Investors are free to open and close investment positions at any time How does investing work? To account for future growth and be able to take on more wagers, CryptoDice.io is opening up the bankroll for public investment. Not only players can continue to play on the platform, everyone can now choose to invest and own part of the house.
Investors are able to supply funds for the bankroll in exchange for shares proportional to their contribution. If a player wins, the funds move from the bankroll to the player. If a player loses, the funds move from the player to the bankroll. The profits are then split to each investors according to their share, and the same also applies for loses.. Investor can open and close investment positions at any time. The moment an investment is opened, the initial investment amount is exchanged for the share in site bankroll with percentage equal to the ratio of contributed funds to the bankroll fund. When an investment is closed, the share is exchanged back for the initial investments plus the profits accumulated during the period of investment.How do investments earn profit? Profit from the dice game is the main source of investors' profit. The site has 1% house edge over the players, so the expected site profit is 1% of what the players wager. In other words - over the long term we expect the bankroll to increase while the players play. Each investment has a share in site bankroll, and when the bankroll increases while players play, the current value of the given investment increases. Please note although the site has statistical advantage over players and profit is expected in the long term, this is not a guarantee of the profit because expected profit does not take variance into account. Bankroll will increase and decrease in size depending on players winning or losing. However, over the long term it is expected to increase due to house edge. What is the investment commission? To fund the site's expenses and marketing events such as contests, commission is taken from the expected profit the site would make, which is based on the amount wagered for each bet. As we are attracting new investors, we are offering a low commission of only 20% for now. This might be increased in future but will be no greater than our competitors', to ensure our commission is competitive. What this means is that when a player bet 1, the site will take a 20% commission from the expected profit. Since the expected profit for the house is 1% which is 0.01 in this case, the site will take 0.002. The rest of the profit will go to the investors. The running commission is taken regardless of how much profit the site makes. If the site makes more coins than expected, they all go to investors. If it makes less, the commission is still taken. In the long-term we expect the bankroll should increase and hence investors' profit. Protection of bankroll amount To avoid large wager variance that could result in huge winnings, and thus significant loss of bankroll, we are limiting the max profit per bet to less than 1% of the bankroll. This ensures any huge winnings will not affect the bankroll too much, while still attractive enough for players to win huge prizes. Questions? If you have any questions related to the investment feature, please post it in this thread. We will strive to answer your concerns. Note: The investment profit is currently turned off on the site, as we are still at the stage of gaining investors. What this means is your are able to invest or divest, but the wagers will not be counted towards investment profit for now. Once we proceed this stage, we will turn on the investment profit, and any wager from there onwards will be taken into account to the bankroll. Follow Us on PS: As investors might have questions or need more info about the new investment feature, we have created this thread specifically for this purpose so that it's easier to gather the questions or info. We don't expect this thread to last forever. We will eventually lock this thread and redirect everyone back to the main ANN thread in the future. |
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Become The Banker | Earn Passive Income ✅ Wager as player or become the house? Now you can pick your side. ✅ Invest in the bankroll and earn passive income proportional to your contribution. ✅ Investors are free to open and close investment positions at any time How does investing work? To account for future growth and be able to take on more wagers, CryptoDice.io is opening up the bankroll for public investment. Not only players can continue to play on the platform, everyone can now choose to invest and own part of the house.
Investors are able to supply funds for the bankroll in exchange for shares proportional to their contribution. If a player wins, the funds move from the bankroll to the player. If a player loses, the funds move from the player to the bankroll. The profits are then split to each investors according to their share, and the same also applies for loses.. Investor can open and close investment positions at any time. The moment an investment is opened, the initial investment amount is exchanged for the share in site bankroll with percentage equal to the ratio of contributed funds to the bankroll fund. When an investment is closed, the share is exchanged back for the initial investments plus the profits accumulated during the period of investment.How do investments earn profit? Profit from the dice game is the main source of investors' profit. The site has 1% house edge over the players, so the expected site profit is 1% of what the players wager. In other words - over the long term we expect the bankroll to increase while the players play. Each investment has a share in site bankroll, and when the bankroll increases while players play, the current value of the given investment increases. Please note although the site has statistical advantage over players and profit is expected in the long term, this is not a guarantee of the profit because expected profit does not take variance into account. Bankroll will increase and decrease in size depending on players winning or losing. However, over the long term it is expected to increase due to house edge. What is the investment commission? To fund the site's expenses and marketing events such as contests, commission is taken from the expected profit the site would make, which is based on the amount wagered for each bet. As we are attracting new investors, we are offering a low commission of only 20% for now. This might be increased in future but will be no greater than our competitors', to ensure our commission is competitive. What this means is that when a player bet 1, the site will take a 20% commission from the expected profit. Since the expected profit for the house is 1% which is 0.01 in this case, the site will take 0.002. The rest of the profit will go to the investors. The running commission is taken regardless of how much profit the site makes. If the site makes more coins than expected, they all go to investors. If it makes less, the commission is still taken. In the long-term we expect the bankroll should increase and hence investors' profit. Protection of bankroll amount To avoid large wager variance that could result in huge winnings, and thus significant loss of bankroll, we are limiting the max profit per bet to less than 1% of the bankroll. This ensures any huge winnings will not affect the bankroll too much, while still attractive enough for players to win huge prizes. Questions? If you have any questions related to the investment feature, please post it in this thread. We will strive to answer your concerns. Note: The investment profit is currently turned off on the site, as we are still at the stage of gaining investors. What this means is your are able to invest or divest, but the wagers will not be counted towards investment profit for now. Once we proceed this stage, we will turn on the investment profit, and any wager from there onwards will be taken into account to the bankroll. Follow Us on |
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How does the investment feature works? I saw you have the invest tab on the site
Investment basically depends on your share in the bankroll. As an example: If you invest 1 BTC and the total bankroll is 10 BTC, that means you own 10% of the share. If someone wager 1 BTC and lose, then the 1 BTC profit will be split to the investors based on their share. However, keep in mind the site has a 50% commission, so 0.5 BTC is taken out as commission, and the rest of 0.5 BTC is split out to investors. |
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I see that you have race contest. But there are only 5 winners eligible. Do you plan to add more winners to the list? I hope more people can win  The older race had more winners, did you participate when they had bigger prizepool and more winning spots? Cryptodice has just changed to the new race with lower prizepool and lower number of winning spots. It is reasonable why there are 5 winning spot only, if cryptodice want to have more winning spots then they should add more funds on the prizepool. As it will not make senses if cryptodice have low prizepool but have many winning spots which will make winners get so low prize. I think cryptodice is still doing something I call experiment, to see which kind of races is the best for them as well as for players so there is still a chance to see a change on the race in the near future. Currently the race is not a fixed prize pool, but a dynamic one that depends on the total wager amount during the race period. If more people wagered, then the prize pool will increase as well. We would like to know if this is attractive for players, or a fixed but large prize is better. Let us know what you think . I understand that your current prizepool is dynamic with a guaranteed amount ($50). Prizepool may increase significantly if there are many players wager a lot of money but I doubt it will happen since most gamblers are looking at the guaranteed one. If the guaranteed prizepool is big enough, it will attract players ofc. If you want to keep this way, I think you can do a weekly one. So if you have a budget of $50 for a day then create a weekly race with $350 guaranteed prizepool and some addition based on the wagered amount during the week. It will give you more time, which is more time for players to wager and may give opportunity to those who have no time on your 12hours race. That's a good suggestion. Thanks for that. We will definitely consider increasing the prize pool and make the race longer, so everyone can have chance to participate. |
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[Yeah I hope so as well. Great the see people are wagering the race but would like more winners
We will consider increase the winners as well. However, that would also need an increase in the prize pool, because then every winners will have enough prizes. |
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I see that you have race contest. But there are only 5 winners eligible. Do you plan to add more winners to the list? I hope more people can win The older race had more winners, did you participate when they had bigger prizepool and more winning spots? Cryptodice has just changed to the new race with lower prizepool and lower number of winning spots. It is reasonable why there are 5 winning spot only, if cryptodice want to have more winning spots then they should add more funds on the prizepool. As it will not make senses if cryptodice have low prizepool but have many winning spots which will make winners get so low prize. I think cryptodice is still doing something I call experiment, to see which kind of races is the best for them as well as for players so there is still a chance to see a change on the race in the near future. Currently the race is not a fixed prize pool, but a dynamic one that depends on the total wager amount during the race period. If more people wagered, then the prize pool will increase as well. We would like to know if this is attractive for players, or a fixed but large prize is better. Let us know what you think . |
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12 Hours Race is On. Good luck Guys
New Updates :
- Race prize will be credited automatically
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🎲 CRYPTODICE.IO Wagering Races 🎲 Hello all. We are starting our wagering races now. It will be a 12 hours race with 💵 $50 initial prize pool + 0.2% of total wager amount of the house. We have also expanded the prize distribution so that the Top 5 players will be getting the rewards 🎉. Players ranking will be based on total wager amount during the race time, regardless of the win or lose amount. Only deposited coins count towards the race. Race will start Today at 4.00 PM UTC and it will be continued until our new announcement ⏱.The result will be posted on our Telegram channel and BitcoinTalk ANN. 🏆 Prize Distributions 🏆: 1st Prize 🥇: 40 % Of The Prize Pool 2nd Prize 🥈: 25% 3rd Prize 🥉: 15% 4th Prize : 12% 5th Prize : 8% Players don’t have to PM admin to join. Just start wagering during the race period and your wager will automatically be counted. Good luck! |
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Hello everyone! The 12 hours race has ended. Thank you for participating. We will announce the top 5 winners and the prizes in our Telegram channel.
In the meantime, we will pause the race for the next 12 hours to fix some issues our players found. Once that’s been resolved, we will announce the next race again. Thank you!
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🎲 CRYPTODICE.IO Wagering Races 🎲 Hello all. We will be starting out next wagering race soon. It will be a 12 hours race with 💵 $50 initial prize pool + 0.2% of the total wager amount of the house. We have also expanded the prize distribution so that the Top 5 players will be getting the rewards 🎉. Players ranking will be based on total wager amount during the race time, regardless of the win or lose amount. Only deposited coins count towards the race. Race will start Today at 4.00 PM UTC and it will be continued until our new announcement ⏱.The result will be posted on our Telegram channel and Twitter.
🏆 Prize Distributions 🏆: 1st Prize 🥇: 40 % Of The Prize Pool 2nd Prize 🥈: 25% 3rd Prize 🥉: 15% 4th Prize : 12% 5th Prize : 8% Players don’t have to PM admin to join. Just start wagering during the race period and your wager will automatically be counted. Good luck! Race has just started! Good luck everyone  Just started and now your site is down? I cant access cryptodice.io as it gives me Error 502 Any ideas what is happening there and when it will be back online? Regarding the Race, since you have no more $500 race as it is now $50+ only then I suggest you to change the title of this thread. I'm not really sure why the prizepool of the race dropped that much, I think $50 for wagering contest is not that attractive. Edit: Website is back online already There were a bit of problem as we were rushing to implement the race feature. Apology about that. Regarding the race prize, we actually change to a progressive prize pool where it is $50 for base amount, plus 0.2% of the total wager during the race period. And the race duration has been changed from daily to 12 hours so there are more chance for players to compete and win. However, we will consider your suggestion and see if it’s more attractive to change back to a fixed prize pool. |
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🎲 CRYPTODICE.IO Wagering Races 🎲
Hello all. We will be starting out next wagering race soon. It will be a 12 hours race with 💵 $50 initial prize pool + 0.2% of the total wager amount of the house. We have also expanded the prize distribution so that the Top 5 players will be getting the rewards 🎉.
Players ranking will be based on total wager amount during the race time, regardless of the win or lose amount. Only deposited coins count towards the race.
Race will start Today at 4.00 PM UTC and it will be continued until our new announcement ⏱.The result will be posted on our Telegram channel and Twitter.
🏆 Prize Distributions 🏆:
1st Prize 🥇: 40 % Of The Prize Pool
2nd Prize 🥈: 25%
3rd Prize 🥉: 15%
4th Prize : 12%
5th Prize : 8%
Players don’t have to PM admin to join. Just start wagering during the race period and your wager will automatically be counted. Good luck!
Race has just started! Good luck everyone |
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🎲 CRYPTODICE.IO Wagering Races 🎲 Hello all. We will be starting out next wagering race soon. It will be a 12 hours race with 💵 $50 initial prize pool + 0.2% of the total wager amount of the house. We have also expanded the prize distribution so that the Top 5 players will be getting the rewards 🎉. Players ranking will be based on total wager amount during the race time, regardless of the win or lose amount. Only deposited coins count towards the race. Race will start Today at 4.00 PM UTC and it will be continued until our new announcement ⏱.The result will be posted on our Telegram channel and Twitter.
🏆 Prize Distributions 🏆: 1st Prize 🥇: 40 % Of The Prize Pool 2nd Prize 🥈: 25% 3rd Prize 🥉: 15% 4th Prize : 12% 5th Prize : 8% Players don’t have to PM admin to join. Just start wagering during the race period and your wager will automatically be counted. Good luck! Race has just started! Good luck everyone |
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