This is truly innovative project, according to my little research this will be first physical casino that is operating and accepting cryptocurrencies. Add to this equation a luxurious hotel and some classy shops and you will get amazing investment opportunity. Will there be dividends paid?
Hey Vantix. Exactly. I'm sharing a really neat image that encapsulates our whole complex, which we call the Providence Complex (so innovative copywriting
)
Furthermore on your question of "dividends". We don't actually consider them dividends but there are benefits for token holders. All our tokens are spendable and are pegged to a nominal value of Ether (1 ETH = 600 PVE) at the time of Token Sale. Contributors are incentivized to utilize PVE’s in our casinos or other offerings through our venture. Providence Tokens are primarily consumption oriented, however, if you decide to hold PVE tokens, you can still benefit from our reward system. The incentives and rewards are as following:
1. Smaller transaction and Credit Card fees allow us to save a percentage of money spent on credit card transactions and redirect this value back to our consumers when they buy in casino chips with providence tokens. You will be getting an 1.5% extra chips on every buy-in you do on the casino premises.
2. Every Quarter Year, Providence Crypto Casino & Resort will allocate 20% of profits in PVE Tokens into a Jackpot system that will be implemented on the Online Casino and will be provably fair. Each Providence Token holder will get a jackpot ticket for 20 PVE tokens held with a combination of numbers to enter the reward pool. The jackpot will run on a pay-out structure that will be based on a group share system and the exact pay-out models will be introduced once the reward system is implemented.
3. Each Providence Token holder will be entitled to a reward in PVE tokens which is composed of 1.0% Providence’s total quarterly volumes in the whole network where PVE is used as a payment system and this includes Physical Casino, Hotel and other Retail Outlets that join our venture.