Magic Dice.
As someone with a bit of gambling history, I was pretty much hooked when I stumbled across MagicDice for the very first time. For several years, I have enjoyed the thrill that gambling gives me and MagicDice was able to connect Steem and gambling. Not everyone endorse or enjoys gambling, and MagicDice seems to have realized that.
They have been able to close the gap between gamblers and non-gamblers with their MAGIC Token and how people can earn them. A non-gambler for instance, can choose to earn MAGIC tokens by Steem Power delegations and/or referrals, meanwhile gamblers can do both of these things and gamble.
MAGIC tokens will be created as SMTs(Smart Media Tokens) when SMTs become available on Steem. Until then, the tokens are only getting distributed, but aren't transferrable or tradable.
By referring a user, you earn 10% of the house edge on all their bets. Additionally you will receive 10% of their bets as MAGIC tokens.
Delegate your STEEM Power to Magic Dice to earn MAGIC tokens. For every 100 STEEM Power delegated, you will receive 100 MAGIC tokens per day.
The House Always Wins!
Even though MagicDice is Provably Fair, transparent and are doing several things to improve the experience for their users, one must always remember that the house always wins. I know that and most gamblers are aware of that too. That is why you should never bet more than you can afford to lose. Even with that knowledge, gambling is rising and spreading like wildfire across the world. The gambling industry continues to prove that it's one of the most vibrant entertainment economies in the world and more and more people are starting to gamble. Many people also becomes addicted to gambling, which is a very unfortunate consequence.
Here's what MagicDice themselves have to say about it:
If you reside in a location where gambling over the internet is illegal, please do not click on anything related to these activities. You must be at least 18 years of age to click on any betting or gambling related items even if it is legal to do so in your location. Recognizing that the laws and regulations involving online gaming are different everywhere, readers are advised to check with the laws that exist within their own jurisdiction to ascertain the legality of the activities which are covered. The games provided by Magic Dice are based on blockchain, fair and transparent. When you start playing these games, please note that online gambling is an entertainment vehicle and that it carries with it a certain degree of financial risk. Players should be aware of this risk, and govern themselves accordingly.
MagicDice recently started to pay out dividends to MAGIC Token Holders and as one of them, I received my share. A total of: 0.586 Steem and 0.008 SBD.
MAGIC dice distributes 40% of the profits to all MAGIC token holders. The dividends are distributed on a daily basis.
This is obviously not much to brag about, but this is based on how much MAGIC Tokens I own. I have accumulated more than 690,000 MAGIC Tokens so far and my next expected payout is at 0.426 and counting.
I talked with Steem's favorite "numbers guy", and got some details from him. I was looking for all the transfers between my account and
. As we all know, stats don't lie.
I have sent a total of: 25631 STEEM to MagicDice and I have recieved 24555 STEEM.
25631 - 24555 = 1076.
So, even though I have lost a total of 1076 Steem, I have generated 610000 MAGIC Tokens and also received upvotes from the account, as they have started to use their Steem Power to upvote users content.
A lot of users encouraged us to use our STEEM Power for the community. That's why Magic Dice now uses all the collected STEEM Power to reward players on Magic Dice. Every time Magic Dice reaches 100% Voting Power, it will upvote a random player who played in the last 24 hours. The voting strength will be determined by a dice roll (1-100).
The more you wager, the higher your chance to receive an upvote.
My 610000 MAGIC Tokens might never be worth anything. That's a risk that any holder of this token have to face, but on the other hand, the outcome might be the opposite too. It might be worth more than I could ever have dreamed of. However, I don't spend time to dream about those sort of things. If it happens, cool. If not, no worries.
What matters to me is, that I am able to enjoy some gambling. That I have a chance of getting upvotes from the account and that I accumulate MAGIC Tokens along the way is just a bonus. The daily dividends is also something I consider to be a bonus, and the cool part is, that the bonus if affected by the amount of MAGIC tokens I own.
To me, MagicDice is a fun way to invest (in MAGIC tokens) meanwhile I can enjoy to gamble at the same time.
With all this being said, this article contains referral links and even though I don't recommend gambling in general, I feel that I can promote MagicDice due to the different options they offer for users to be part of their "gambling community". Also, due to the most recent article from , I will also resteem that article to get 5000 MAGIC Tokens (minimum) and a shot at 300 Steem. (Everyone with more than 300 followers will get 5000 MAGIC tokens for free and a shot at 300 Steem and 300K MAGIC.)
If you consider to play MagicDice, feel free to use my link, but be smart and don't gamble for more than you can afford to lose. Also, remember that the house always wins in the end.
Magic Doesn't Exist In Gambling...
But MagicDice is close to it.