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Author Topic: 🎲 CRYPTODICE.IO 🎲 | 🎰 Be The House 🎰 | 💰 Opening of Investment Feature 💰  (Read 534 times)
sdice
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July 26, 2020, 05:23:56 PM
 #1


CRYPTODICE.IO Bankroll
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.


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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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July 26, 2020, 05:24:59 PM
 #2

Reserved.
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July 27, 2020, 09:07:38 AM
 #3

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?

PARADICE.IN 🌴 — multiply your bet playing dice 🎲 roulette 0️⃣ slots 🎰 and mines 💣 with provably fair!

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July 27, 2020, 09:24:10 AM
 #4

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?

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Kupid002
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July 27, 2020, 10:06:35 AM
 #5

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.

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rhomelmabini
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July 27, 2020, 10:11:50 AM
 #6

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?

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. This is their ANN thread: https://bitcointalk.org/index.php?topic=5245423.0

Was the commission tend to decrease or it will just increase over time?

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July 27, 2020, 10:38:32 AM
 #7

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?

PARADICE.IN 🌴 — multiply your bet playing dice 🎲 roulette 0️⃣ slots 🎰 and mines 💣 with provably fair!

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sdice
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July 27, 2020, 11:53:37 AM
 #8

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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July 27, 2020, 12:02:01 PM
 #9

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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July 27, 2020, 12:04:59 PM
 #10

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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July 27, 2020, 12:08:04 PM
 #11

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  Smiley.
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July 27, 2020, 12:18:33 PM
 #12

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.


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July 27, 2020, 01:57:32 PM
 #13

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?

they used different domain so they need to also make a new announcement for that since the old one will not be used anymore.



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. And this thread will be their main announcement thread now.
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.

thanks for answering you explain it clearly.

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.Defi for You.
defi.com.vn

   

 

Learn how to become your own bank and
implement a private investment strategy

   

 
  ▄▄                    ▄▄
█      Pawn | Sell     
           Services
      Buy   | Rent
     █
  ▀▀                    ▀▀

   

 

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July 27, 2020, 02:17:51 PM
 #14

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  Smiley.

You better check the naming on the screens.



 Wink



BIG WINNER!
[15.00000000 BTC]


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sdice
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July 27, 2020, 03:22:54 PM
 #15

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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July 27, 2020, 03:23:35 PM
 #16

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  Smiley.

You better check the naming on the screens.



 Wink

Thanks for pointing that out. We seems to forget to change our old name to CryptoDice.io  Tongue.
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August 15, 2020, 07:29:41 AM
 #17

I have an issue with the payment, and they ignoring me now over 2 days.
I'll post a scam accusations if they dont respown or feedback, trying to discuss at live support or box chit chat, still no respown.
Beware, please withdrawal all your fund from the website before you lost all.
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August 15, 2020, 09:55:27 AM
 #18

I have an issue with the payment, and they ignoring me now over 2 days.
I'll post a scam accusations if they dont respown or feedback, trying to discuss at live support or box chit chat, still no respown.
Beware, please withdrawal all your fund from the website before you lost all.


That's an awful experience, maybe they don't have any active person on their support? Did you try to reach them up here? Their account is active today so maybe you can get an answer if you send them a pm.

If still no answer its really best to post a scam accusation report so that they will be alerted to solve your issue ann also to warn others about what you experience on their website.

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August 15, 2020, 10:02:32 AM
 #19

Thanks for pointing that out. We seems to forget to change our old name to CryptoDice.io  Tongue.

Hello sdice,

Can you please respond to this thread? You have a user that is waiting to hear back about a deal you made regarding payment of a big win.

https://bitcointalk.org/index.php?topic=5269022





.
.




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August 15, 2020, 11:28:38 AM
 #20

I have an issue with the payment, and they ignoring me now over 2 days.
I'll post a scam accusations if they dont respown or feedback, trying to discuss at live support or box chit chat, still no respown.
Beware, please withdrawal all your fund from the website before you lost all.


That's an awful experience, maybe they don't have any active person on their support? Did you try to reach them up here? Their account is active today so maybe you can get an answer if you send them a pm.

If still no answer its really best to post a scam accusation report so that they will be alerted to solve your issue ann also to warn others about what you experience on their website.

I just saw that scam accusation which he raised against them. I am just quoting his post here where he told that he won almost half a bitcoin which is really amazing. I hope his issue is resolved and he get his payment soon.


What happened:: I did gambling at new casino : "satoshidice.io" then now changed to new domain "cryptodice.io" In simple case, I did deposit > beting > won > then got issue withdrawal. biggest one my betting is : 0.0007 with a payout of x761, which resulted in a winning of BTC 0.53235000 BTC, Withdrawal them then left 0.44812115 BTC (an issue with the next payment or system withdrawal).

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