Today we will review our first token and dapp - BETDICE game at http://betdice.one with a token named DICE.
You can trade it at newdex.io exchange here - https://newdex.io/trade/DICE_EOS
Betdice.one is a completely trustworthy, profit-sharing and fair gaming platform on EOS blockchain (we can not yet with 100% guarantee confirm or deny that, but so far it has been trustworthy enough and we need more time and details, including their source code to audit).
50% of Net Profit is paid out to those who have DICE staked in every hour.
Official website - http://betdice.one
Token Info
Total token supply - 8.8bln DICE, right now there are 2.1bln DICE tokens in circulation (24% of total supply).
DICE started trading on newdex on Oct 9, 2018.
Daily chart for DICE/EOS
Price jumped up by 2094% during 36 days from October 9 to it's peak on Nov 14 from 0.000114 DICE/EOS to 0.002494.
Trading volume at max was 278mln DICE on the second day of trading on Oct 10, which was around $118K. Average daily volume in November was around 25mln DICE or $200K at the current rate.
Product analysis
Betdice.one main page with DICE game
Right on the home page you can see the now 'classic' gambling game - DICE. Overall you can play 3 types of games with betdice - DICE, Baccarat and Lottery. All games are functioning and you can see live stakes popping up every second.
The game works on desktop with Scatter and on mobile with MEET.ONE wallet. Overall the game is well made and gives pleasant user experience.
You can play DICE with 12 different types of tokens, which is right now the highest number among all DICE games on the market.
Lottery
You can play lottery every day, every few hours lottery pot is being distributed among winners.
Lottery prizes change every minute, depending on how much participants put into the lottery pot by buying tickets.
Purchasing tickets. You can start from 1 EOS for 10 000 tickets.
Lottery history. You can see winning account name and the share that account had in the pot in percentage.
Baccarat
Daily draw for players
Referral system
Betdice is paying out 10% of the house edge on all wagers and all tokens. To collect your referral payments you need to claim them on the site.
Dividends
You can claim and receive dividends every hour. To be eligible to get them, you need to stake your DICE tokens on the website:
You can see above 100 000 DICE tokens staked for dividends. 18045 tokens are not staked and can be transferred or sold on an exchange. To make your 100K staked tokens available for you again, Unstake them with this UI. It will take 24hours to complete unstaking and you will not be getting any dividends during this 24 hour period.
You can notice that 92% of all circulating DICE tokens are currently staked.
Claiming dividends. You can collect them every hour.
You can see that for the last 24 hours for 100 000 DICE staked there is 1.5 EOS, 43 DICE and some BT, MEETONE and EGT tokens to be claimed.
100К DICE tokens at the current rate of 0.002190 DICE/EOS will equal to around 219 EOS or $799 at $3.65 EOS/USD exchange rate. So we get 1.5 EOS of dividends will make $5.48 or 0.68%/day of $799 staked. If we approximate that, it will be around 20%/month. This calculation is very rough and approximate. But it can show the potential of DICE dividend system.
Dividends depend on the house profit and depends on the success of the game.
Summary
BETDICE is of the the top and of the first successful gaming businesses built on EOS blockchain. We still need to analyze it further to prove it's fairness, see the dynamics of it's dividends system, learn more about it's team and plans. But so far during the last month I have been dealing with this token it has been very generous both in it's rate growth and dividends pay out.
Token definitely worth further analysis and monitoring.
PS. None of this is financial advice. I'm not a financial adviser. Information is for educational purposes only. Learn to think yourself and make your own investment decisions.
And don't gamble if you can't afford to lose and don't know what you are doing...
Peace and luck to all...