iPirates, the new casino Dapp in the IOST blockchain is about to go live. iPirates is a takeover of IOSTPLAY by the Guppys team and holders. Holders of iPLAY will greatly benefit from this new development as the returns were dwindling for some time. And what makes this Dapp different? High leader-board prizes and instant dividend payouts will generate a lot of early volume and revenue fees for iPLAY and i/FRY holders.
iPirates Tokenomics
Token: LOOT
Decimals: 8
Total Supply: 5 Billion
Chain: IOST
Mineable: Yes
Mining Schedule:
20 IOST to mine 1 LOOT
Rounds: 200
LOOT per Round: 25MM
Difficulty Increase: 1 IOST
Dividend Structure:
12% Paid Daily on House Edge
5% Allocated for daily IOST Leaderboard
4% Allocated for weekly LOOT Leaderboard
79% Daily carry forward
Token Distribution:
For every 1 LOOT mined, 1 LOOT will be mined for the House. This is a 50/50 dividend model.
Distribution of House LOOT – Breakdown of the House 50%:
27% to iPLAY Holders (will be swapped for new token called BOOTY)
27% to i/FRY Holders (they actually own the bankroll players play against)
18% to devs
18% to marketing/promo/admin/legal
10% to FishnChips Reinvestment Account
Encapsulated Token Model
Players will have the ability to pledge/freeze their LOOT as well as the ability to wager LOOT with any of our games to win more LOOT or to rank up the weekly LOOT wagered leaderboard. LOOT tokens will not be available for trade or sale. The only way to get them is to play/mine games at iPirates.io or to win more using LOOT as a playable asset. LOOT won by the house will be 100% burned.
Instant Dividend Payout
The first onchain dividend model that allows LOOT holders to claim dividends in real time. No more logging in at a specific time, claim them while you play or days later. The smart contract will track your dividends and allow for instant payouts when you need them.