EOS Gambling dApps Generate Big Passive Income
Gambling dApps on the EOS platform are hot right now, super-hot! These dApps use the blockchain to stake players’ bets and to provide a transparent mechanism for all transactions, which helps players feel confident that all games are fair and that any money they wager or that needs to be paid out is safe and fully traceable on the blockchain. Some of the top games out there at the moment include EOSBet, BetDice, MyEOSVegas, EOSLuck, to name a few.
According to dappradar, one of the more popular games of late is BetDice, which posted 24-hour trading volume for its DICE token of a whopping 3,218,760 EOS! But, users are not just flocking to these gambling tokens for the opportunity to try their luck at the games, or even to get in on the potential rise in token prices. Many of these gambling apps pay out a percentage of profits as dividends to their token holders, meaning that anyone holding these gaming tokens is, essentially, a part owner, and receives a steady stream of passive income from the game, itself. So, token holders can effectively be players and the house, at the same time. And, as we all know, the house always wins!
According to EOSex.com, an EOS-based exchange that lists many of these gaming tokens, based on prices and payouts of dividends paid out to DICE token holders as of November 1, 2018, DICE holders stood to earn passive dividend income of roughly 3% per week, or annualized 130% per year! Based on those rates of return, DICE token holders stood to double their money in only 210 days! It’s no wonder gambling dApps and tokens are on fire right now.
One of the few drawbacks of these tokens so far, however, is the need to stake your tokens on the blockchain for a minimum of 24-hours in order to receive dividends from the platform. So, users who want to get their money in and out quickly, or who want to be able to trade short-term price swings, can be stuck waiting for the required lock-up period to end in order to get their tokens or funds out.
One exchange, EOSex, as a major player in the gambling dApp and gambling token field, has solved this lock-up period impasse by forming alliances with several key gambling platforms, whereby players can deposit their gambling tokens on the EOSex platform and start receiving dividends immediately, but are also still free to sell their gambling tokens at any time if they need to cash out, without needing to wait out the usual 24-hour lock up period. This is what they mean when they say that blockchain should be used to solve real problems!
Going forward, gambling and gaming tokens are sure to continue drawing a great deal of attention given blockchain’s natural fit in terms of transparency and record-keeping, two important components of fair and trustworthy gaming. But, blockchain-based gaming dApps also allow users to effectively become part owners of the game, itself, and to share in the profits, just like being part owner of a casino! And, with smart and aggressive exchanges like EOSex stepping up to make the process even easier for users to stake their money or cash out whenever they need to, gaming dApps and gambling dApps really could be the next blockchain jackpot!
