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.

[Coin_trader]

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.

I really doubt that casino can keep up paying 2% daily on investment. I will be depositing now for investment if this is true but I have speculation that this all just a misunderstanding. Even the support reply on his question is just a rough estimate on the maximum profit he can get and not the actual profit.

I think that the 2% per day interest is the original profit sharing that decreases depending on the number of staked tokens on the pool. They probably sharing on the pool that rewards 2% profit if only 1 person stake.

[Upgrade00]

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.

Or it is no confusion at all, but a way to market the staking to be offering 2% daily rewards. If this is a deliberate act to make the project more attractive, then I would advice anyone not to go for it.

0.08% is a more reasonable reward and much more sustainable for the company but not as attractive as 2% daily.

[coin-investor]

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.

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

[Potato Chips]

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.

[coin-investor]

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.

[Potato Chips]

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.

Yeah, I'd say so as well. I had my fair share of encountering support agents who don't know the platform fully well so this could be another case of that -- they're probably outsource folks. Though I guess we can cut this one some slack because of the calculator.

I think it better for Trustdice support to come down here and offer an explanation,

That would be the best case scenario indeed. Lemme try to get their attention as they seem active-ish, hopefully they chime in this thread!

[Perfectbaby]

2 percent daily returns seems too real to be true though I don't know if they have token or not but to me i don't trust on anyone even representative can do what is cultured for. Most times it good to contact a reliable personnel.

[avp2306]

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.

I really doubt that casino can keep up paying 2% daily on investment. I will be depositing now for investment if this is true but I have speculation that this all just a misunderstanding. Even the support reply on his question is just a rough estimate on the maximum profit he can get and not the actual profit.

I think that the 2% per day interest is the original profit sharing that decreases depending on the number of staked tokens on the pool. They probably sharing on the pool that rewards 2% profit if only 1 person stake.

I participate to a lot of 2% investment scheme before and all of falls down its because its not sustainable. That's the reason there's some confusion on my side regarding on how trustdice could able to sustain this since its like for this kind of offer they are running a ponzi schemes with this. But hopefully every just confuse about the offer and also the support answer to this questions been asked by people.

So it will be good if they clarify so that lots of people here would get a clear answer coming from them. But also that's what I know from staking which reward decrease over the time so let see if lots of people would confirm and give more valuable answer thru what they experience if they try this offer.

[uchegod-21]

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.

Yeah, I'd say so as well. I had my fair share of encountering support agents who don't know the platform fully well so this could be another case of that -- they're probably outsource folks. Though I guess we can cut this one some slack because of the calculator.

Some support agents, although a few don't know much about the project. In some cases, the support agent deliberately gives unclear information to lure people to bet or participate in what they do not actually understand.
Besides, I don't think that anyone could hold the support agent responsible for misinformation when the ToS and FAQs are available.

[memehunter]

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.

[Odusko]

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.

We should not get carried away all the time because of what the figures in returns are as regards to staking of any coin and in any platforms, although Trustdics is a well known casino so the possibility of being able to pay investors such rewards is high and I won't doubts that possibility, but then there is a need to read all the entire terms and conditions and what are required to make such total daily 2% earnings, most comments have pointed to a single direction which is the discussions around the possibility of Trustdics being able to pay such rewards as promised, but not many have taken the time to State what the term and condition that an investor must meet up with before he she can earn such amount in rewards on staked coins.

[AmoreJaz]

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.

The above-mentioned items are common when it comes to staking of any token or coin. As the price of your coin holding depends on the market price, you are just left to wish that they will increase over time. Hence, the decision to stake their token is on your hands. And whatever the repercussion will be, you will shoulder its aftermath. This is not only true to casino tokens, it is the same as with other regular tokens or coins offering staking rewards. The mentioned risks are always there, and it is for you to gauge whether it is worth your time and resources to invest in a staking project.