trustdice.win Offering Unrealistic Returns on Staking their Token (TXT)

[serjent05]

They have been doing this since last year, and Trustdice is still up. They managed to hold on to their reputation and still make a profit until now; I'm sure they will not offer that kind of return if they cannot sustain it. They are doing this to attract many players to play so they can claim their native token, TXT, and stake it.

It may look unrealistic, but not for a casino platform with a good standing in the gambling industry; I see it as a gesture of generosity to their community.

True, as I read the FAQ and the discussion, it seems the reward is dependent on the profit on a certain game (dice) and distributed to the stakers.  I do think this kind of approach will be sustainable in the long run since it is based on the possible profit of dice. 

The support staff probably gave a shortcut explanation which I think is somehow misleading and gives @OP confusion, the reason why this thread was created. 

Sometimes those support agents are confused and can promise what is not, all you need to do is to take extra step to read through the terms of service on Trustdics because that is the only way you can determine what is uptainable in such a service or promotion, although the potential rewards of 2% is unbelievable but I know when you read through the terms and conditions you will understand all that it takes to achieve that potential rewards.

I also think that the one @OP had chatted with is confused since the information that the support agent told @OP is different from what is written on the FAQ.  My initial reaction when I read their conversation was the casino can't sustain such reward but reading the faq and finding out that it was just a potential reward and not a fix reward as the agent stated changed my thought.

[Odusko]

Obviously this is just a format t get the attention of investors and if you want to know better, you can go on to read the FAQ of the staking and how the system make their pay out at the end of the month and how much rewards each staked receive and what the conditions are to getting that outcome, most times we need not to take captions and headlines title serious without reading the entire body of the context.
We should not be desperate or seen as desperate in our approach to thing's as regards to investment and the potential rewards in profits, because scammers can only get to you according to you dept of desperation and greed, so if there is none of that, one will not have any issues.

[seoincorporation]

The risk here is the market value of TXT, if we spend $100 and get $2 daily that can change if the token value drops 50% then we will be with $50 making $1/day. I'm not sure how the variable that market is, i tried to search for the token in coinmarket cap, but couldn't fund anything about it, i think isn't listed there.

And the thing about staking is, while more coins are mined then the reward is lower. maybe today is 2% but with time that percentage will drop. I'm not sure, but it is worth reading more about the topic, because 10% 5 days sound too good to be real.

[bitterguy28]

Am not that familiar to what is TXT staking but since trustdice is still one of the gambling site that has representative and active signature here I believe that they are in a good percent to be trusted(but also remember that even best casino sometimes have their scam exit from a long time of operation, not saying if they are one of them but consider everything before depositing and trying this offer)

but also if this is a consistent percentage to take on ? or depending in the value and the movement of TXT?

[freedomgo]

Obviously this isn’t sustainable. If anyone could make 2% per day in profits, they wouldn’t need any sort of business or customers. They’d just get insanely rich and move on with their lives. Whenever you see yield promises you have to ask where the yield comes from and if it isn’t sustainable, your investment is the yield.

Probably that will decrease when more and more people are joining the program.
The computation is merely based on the 50% profit on a daily basis as per stated in the rules.

​​How many rewards can I receive every day?
It depends on the amount of TXT you staked. The more TXT you staked, the more rewards you will get.

The staking pool consists of 50% of Dice game profits.

At 09:00 UTC every day, a certain percentage (1% EOS, 1% BTC, 1% ETH, 1% USDT) of the staking pool will be paid to the TXT holders based on the amount of TXT they staked. You can also calculate your potential rewards on the “Stake” tab of the TXT page.

So more like the amount your stake is gonna be converted to the percentage of share IMO. At the early stage, it could be profitable, but factor such us drop of TXT value might affect your profitability since it's not yet listed in more liquid exchange like Binance.

[aioc]

The risk here is the market value of TXT, if we spend $100 and get $2 daily that can change if the token value drops 50% then we will be with $50 making $1/day. I'm not sure how the variable that market is, i tried to search for the token in coinmarket cap, but couldn't fund anything about it, i think isn't listed there.

It's not yet listed; you can only buy and sell it on Uniswap. Here is information about this token and where you can buy and sell it. Only gamblers who play on Trustdice are aware of this token, but it's a good opportunity for additional profit. 2% daily from a stable company is a good profit.
https://trustdice.win/blog/how-to-buy-and-sell-txt-on-uniswap

And the thing about staking is, while more coins are mined then the reward is lower. maybe today is 2% but with time that percentage will drop. I'm not sure, but it is worth reading more about the topic, because 10% 5 days sound too good to be real.

If done by an unknown company, it is a high-risk investment, but it is Trustdice, and it is on their native token, and they have a good reputation here and a good standing in the industry. I will check it later, but with this profit percentage, it's a big attraction for players to try out Trustdice.

[FinneysTrueVision]

The numbers don’t really add up. The calculator says you will earn 2% but if you scroll down on https://trustdice.win/txt/payout it shows that the total rewards to stakers is less than $100 and there are over 3.6 billion tokens staked.

The confusion might be because the profit calculator assumes that 1 million TXT tokens is worth $1 when in reality it is $24 according to the exchange rate on Uniswap. If you earn $0.02 for 1 million tokens worth $24, you are only earning 0.08% daily.

[_act_]

They are offering 2% daily returns (no time limit) and you can unstake and cash out any time. Is it too good to be true? I seek advice from reputed and knowledgeable members of this forum.

Do you get the reward? I don’t see a problem here if they pay user based on the percentage they declared. It’s their business and probably your reward is on TXT tokens too which they have tons of supply.

The highest reward that I have seen before which I went for and that I am still doing is my bank 20% APY earning. The money will be in my bank account and the earning would be credited daily. When I first saw this at the beginning of this year, I even doubted it. Yet that is 0.0547% daily profit. If a profit is as high as 2% daily, I do not know how that site is, I can not invest. When I first saw this thread, what I thought was that maybe the OP is accessing a fake Trustdice site.