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

[JiiBs]

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.
Below is the proof;

When it’s too good to be true like you’ve already acknowledged, you leave it be. This is what is well known by any security concerned crypto investor. Don’t go hunting what’s too good to be true and end up loosing everything. If it’s got value, it wouldn’t be so easily given away.

You might want to move this thread to the reputation board though, I think it’s the best place to be.

[mak013]

So, I was right in my hunch that it is indeed too good to be true, considering:

1. The token price might crash.
2. They can revoke or decrease payouts at any time.
3. While the platform in question running away with our money (or claiming to be hacked) is less probable (considering their reputation), I would say it's still a possibility.
4. Payouts can decrease if the site is not getting profits from the dice game.

This is exactly why I posted this in this amazing forum to get some insight on this 'get-rich' investment scheme. Now, it would be great if TrustDice could jump in here and clarify things as already suggested by other members. Until then, I am not going to invest anything and will advise others to do the same.

I can add something else that i researched.
Maximum allowed in calculation - 2.000.000.000 TXT. If it is real - maximum you ca invest is $2000(as their calculator think)
In the payout history the total amount is 3.600.000.000 TXT - $3.600 invested all the investors summary.
I don`t sure that there is such token on UNISWAP which they recommend to control the price of the token.
So decide yourself, but as for me - too much risks.

[memehunter]

Maximum allowed in calculation - 2.000.000.000 TXT. If it is real - maximum you ca invest is $2000(as their calculator think)
In the payout history the total amount is 3.600.000.000 TXT - $3.600 invested all the investors summary.
I don`t sure that there is such token on UNISWAP which they recommend to control the price of the token.
So decide yourself, but as for me - too much risks.

You are right; there is too much risk. One more thing to consider is that you might have to wager 5 times your investment before cashing out if it's your first deposit. If you have already fulfilled the first deposit wagering requirements, you might still need to wager 2 to 3 times, which is also a concern since Trust Dice is not clear in their policy regarding deposit wagering.

[CryptSafe]

But if you check the conversion, it says $100 worth of TXT will make $2 worth of TXT profit. Correct me if I'm wrong about my conversion, supports use the symbol $, so 100 million of TXT is worth $100, and you make $2 of TXT OR 2 million TXT.
It's a very profitable plan if you invest $500 worth of TXT

[image]

The argument was that the calculator isn't close to accurate.

This was the rewards distributed yesterday. With these amounts, I don't think anyone is getting 2 bucks per 100 bucks daily.



But honestly, I'd be too anxious to touch this one if the 2% daily is true lol as I've only seen such numbers from scummy folks.

So, we can say that the support made an error in his explanation because the support was specific in using the symbol $ on staking and profit; I agree that a 2% daily profit is what we often see reported in the scam section because it's not sustainable.

I think it better for Trustdice support to come down here and offer an explanation, on a positive note we came to know this TXT of Trustdice, we who do not play on Trustdice are now aware of the existence of this token, so we have BFG, Hunny, Fun token and this TXT token that are backed by casino platform.

Possibly the the support must have made a mistake in explaining to OP how the system works through the returns explanations. I see the rate too high for a return on staking. Most casinos I have researched on have not really put up such percentage as a reward on stake for just a day. Although OP has a proof and point here to hold onto based on the live conversation with the support but however, having a look at the term's and conditions of service would be of good importance to OP if OP looks into it. That would guide OP better in drawing conclusions wether to go ahead in investing or not.

[junder]

I don’t have much knowledge about this staking of TXT for. Period of time to earn some dividends but I feel it would have been better if you had asked this question in their Ann thread.

I tried shuffling through ninjastic to try to see if I’d see any conversation that was held that’s related to this in their Ann thread but none of them were clear to me.

Concerning the issue of it being too good to be true, I’d still trust them more than other sites offering the same thing because they do have a means to generate the funds (through gambling) and also you’ll have to wager some amount to be able to get the TXT in the first place and then stake it.

I have an account at Trustdice casino and have played a few times but it's been a while. What I know about Staking TXT is not very interesting, I only get TXT from the number of coins I have played and the staked TXT is not much. For more I reopened the Trustdice account and the percentage is small every day. In my opinion if OP are hesitant about the promised profits, it is better to try with the minimum amount, because the get rich quick scheme is just a title. You need to understand that investing in casino tokens so far has not given 100% profitable feedback.

[Eternad]

I have an account at Trustdice casino and have played a few times but it's been a while. What I know about Staking TXT is not very interesting, I only get TXT from the number of coins I have played and the staked TXT is not much. For more I reopened the Trustdice account and

You are pertaining to the locked TXT tokens which you can unlock slowly as rakeback on your games so the more you play the greater rewards you will get while the topic in discussion here is the Stake feature.

the percentage is small every day. In my opinion if OP are hesitant about the promised profits, it is better to try with the minimum amount, because the get rich quick scheme is just a title. You need to understand that investing in casino tokens so far has not given 100% profitable feedback.

That’s right, that 2% interest rate is just theoretical or potential interest rate but that doesn’t mean it’s the actual interest because it depends on the percentage of shares staked TXT token to the pool.

[Cantsay]

Maximum allowed in calculation - 2.000.000.000 TXT. If it is real - maximum you ca invest is $2000(as their calculator think)
In the payout history the total amount is 3.600.000.000 TXT - $3.600 invested all the investors summary.
I don`t sure that there is such token on UNISWAP which they recommend to control the price of the token.
So decide yourself, but as for me - too much risks.

You are right; there is too much risk. One more thing to consider is that you might have to wager 5 times your investment before cashing out if it's your first deposit. If you have already fulfilled the first deposit wagering requirements, you might still need to wager 2 to 3 times, which is also a concern since Trust Dice is not clear in their policy regarding deposit wagering.

Have you seen anyone that was asked to wager theirs 2 to 3 times after completing the first deposits wagering requirement? I think they are pretty clear on that term there - I haven’t seen anyone come to the forum to complain that they were asked to still wager any other time after they successfully wagered their first deposit.

[Wiwo]

I don’t have much knowledge about this staking of TXT for. Period of time to earn some dividends but I feel it would have been better if you had asked this question in their Ann thread.

I tried shuffling through ninjastic to try to see if I’d see any conversation that was held that’s related to this in their Ann thread but none of them were clear to me.

Concerning the issue of it being too good to be true, I’d still trust them more than other sites offering the same thing because they do have a means to generate the funds (through gambling) and also you’ll have to wager some amount to be able to get the TXT in the first place and then stake it.

I have an account at Trustdice casino and have played a few times but it's been a while. What I know about Staking TXT is not very interesting, I only get TXT from the number of coins I have played and the staked TXT is not much. For more I reopened the Trustdice account and the percentage is small every day. In my opinion if OP are hesitant about the promised profits, it is better to try with the minimum amount, because the get rich quick scheme is just a title. You need to understand that investing in casino tokens so far has not given 100% profitable feedback.

I believe this whole thing is simple and verifiable because trust dice have a representative and the ops can reach them easily, but if the information on the amount of percentage pay is from a support team or on the terms of service of trustee then that is what it is, the next question should be what are the conditions attached before qn investors who staked on that platform get that amount in deposits?

Those are the things we should look at in other to prevent future controversy because sometimes there are rules aside from just getting the needed coins to stake to get rewarded in the amount mentioned.