Become The Banker | Earn Passive Income
○ Invest in the bankroll and earn daily income proportional to your contribution.
○ Investors are free to open and close investment positions at any time
○ The more the player wager, the more is the expected profit for investors
What is SatoshiDice.io?
SatoshiDice.io is a dice gambling site where players is able to predict the roll number and win profit. If the player guesses the correct number range, he/she will win the profit, otherwise the wager amount will be loss. The site has been in development since late last year. This year we have launched the site and have done a few marketing activities, including a signature campaign and ANN on BitcoinTalk. How does investing work?
Since we launched the site and quite some marketing effort have been implemented, we are starting to see some traffic coming in on the platform. Occasionally there are a few players who wager big amount. To account for future growth and be able to take on more wagers, SatoshiDice.io is opening up the bankroll for public investment. 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 discounted 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 0.001. 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.
How can I trust SatoshiDice.io?
We understand investors would like a peace of mind knowing there investments are protected in safe hands. Therefore, we will mention the way to handle our investors' fund as follow.
Transparency of Investment Fund
We aim to be fully transparent with all investment reserves. To accomplish this, we will take further action than our competitors', by posting our cold wallets bitcoin addresses together with the signatures to prove that the funds are safely held by us. Investors are able to inspect the funds in the cold wallet at any moment to ensure safety of funds.
Security
We take security seriously, at any given time, over 98% of funds will be stored in our hardware cold wallets, Trezor. This ensures that the majority of coins are stored offline, and large transactions require manual verification and a physical action to move the coins to our hot wallet.
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 only 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 topic. 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. Similarly, we will also post our cold wallet address and signature below after the investment stage.
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