Earn 25% of house profit every 24 hours with EOS.WIN Casino
Would you like to sit back and have a steady stream of daily dividends which you can earn from a popular online casino?
Do you remember the days when the internet was gaining widespread public use in the early to mid-nineties? Soon after that, the online gambling space turned into a billion dollar industry and many people who got in early became overnight millionaires.
Bitcoin came about in 2009 with other ALT coins following.
Gambling was a realm where cryptocurrency use was pretty widespread even before its mainstream popularity — in 2013, it accounted for almost half of all Bitcoin transactions, some sources claim, and its volume of transactions is at least ten times as big as the one of the transactions on Silk Road and other illicit marketplaces. Last year, Bitcoin gamblers placed around 337 bets per second (!), wagering about 3 BTC each minute.
The total amount of BTC wagered since 2014 is estimated to have reached 3.7 million last year. And this even before the “industry” has come to light completely. And this is only BTC!
Without getting into it too much crypto casinos can function on the blockchain or off chain, It is important for a casino to have provably fair games with a small house edge.
EOS seems to be the block-chain most suited to on chain cryptocurrency gambling to fee-less transactions and near instant transaction speeds. It really improves drastically over Ethereum.A great many of the decentralized apps coming to the EOS ecosystem. The dice games are the most popular. Up until now, there have been very few that offered dividends, with Decent bet and Bitdice notably coming to mind. In the four months since EOS main net launched many of the most popular daaps are gambling smart contracts either games or casinos.
EOSBet; Betdice; EOS.Win; Fairdice; LuckyPlaza; ITEDice; and many more.A few pay dividends for holding native tokens on the EOS system. We will talk about a few of them that offer dividends, but in this article, we will focus on EOS.win who pay out dividends every 24hours. This is as far as we know the only casino smart contract paying every day as the regular business model is to pay quarterly.
The following is directly from the team at EOS.win
“In the EOS Lottery game, players spend EOS purchasing quiz numbers. Each quiz
number is assigned in turn and cannot be selected, but numbers can be bought in
batches. Each time 0.1 EOS spent, two numbers are generated, one distributed for
system and another for players. When drawing, a random number will be generated by
the smart contract to determine the winner. If the lucky player bought the lucky number,
he or she will obtain almost all of the reward pool (see table below), otherwise the bonus
will be counted into the next round.
If the balance of the reward pool is not greater than 100 EOS, the lucky player will get
80% of the reward pool. When the reward pool is
≤ 300 but more than 100 EOS, the lucky
player will get 72% of the reward pool. Lucky players will get 60% of the pool if the
reward pool has more than 300 EOS.
Lottery draws occur every two hours. After the countdown is over, any player who
participated can trigger a draw. The drawer will receive a drawer bonus. Considering that
more funds should be added to the dividend pool, the drawer will be rewarded for the
minimum value among three numbers: 50% of drawer’s purchase amount, 1% of the
reward pool, or 10 EOS. The winner and the drawer will be recorded on the blockchain
and more details are shown in Round History section.
Note that when the countdown is over, if no player triggers the draw, the game will not
open the next round by itself. Each player can only purchase 50 times per round (there is
no limit on purchase amount for each time).
In addition, each player will receive several LUCKY tokens, which can claim EOS
dividends on EOS.Win. See the LUCKY Token section for more details.
2. Dividend Rules
EOS.Win has a dividend pool. Players holding LUCKY token can claim EOS dividends
every 24 hours. Part of the profit from the Dice and Lottery games is contributed to the
dividend pool. The specific rules are as follows:
EOS Dice: 25% of hourly earnings flow into the dividend pool. For example, if the profit of
the platform increases by 100 EOS in one hour, then 25 EOS will flow to the dividend
pool. If there is no profit increase during that period, there is no dividend for the period.
EOS Lottery: The EOS amount distributed to the dividend pool depends on the reward
pool. The larger the reward pool is, the higher the dividend pool’s share, shown as follows.
The LUCKY token is the dividend certificate of the EOS.Win platform. Players will share
EOS dividends according to the amount of LUCKY they hold.
Lottery Reward Pool
3. LUCKY Token
3.1 Introduction
The LUCKY token is the dividend certificate of EOS.Win. The total amount of LUCKY is
100,000,000 and is released by playing games. Some features are as follows:
•
Claim EOS dividends.
The
LUCKY token represents the platform’s rights certificate.
Players holding LUCKY token can claim EOS dividends every 24 hours from the
dividend pool.
•
Playing rewards (similar to mining rewards).
When the player participates in a game
on EOS.Win, LUCKY tokens will be released according to the bet amount.
•
Invitation bonus.
By inviting other players to participate, the inviter can immediately
get a 10% LUCKY referral bonus.
3.2 LUCKY Token Release Rules
LUCKY tokens will be released when players participates in games. The release rules are
as follows:
EOS Dice
:
Each time players bet 1 EOS, 0.5 LUCKY will be released, of which 80% will be
distributed to the player’s account, 10% to the inviter, and 10% to the team.
EOS Lottery
:
Each time players bet 1 EOS, 7.5 LUCKY will be released, of which 80% will
be distributed to the player’s account, 10% to the inviter, and 10% to the team.
3.3 Claim EOS dividends
Players holding LUCKY tokens can claim EOS dividends from the dividend pool every 24
hours.
The amount of EOS players can claim depends on two factors: the number of LUCKY
users holds, and the total number of EOS in the dividend pool at that time. The amount of
EOS per 100 LUCKY that can be claimed is shown in the Dividend Pool section.
Each time a player claims EOS dividends, a 0.5% LUCKY fee will be charged, which will
be merge and counted into the unreleased LUCKY account. Transferring of claimed
dividends is not allowed until 24 hours after the claim”
They have announced that they are working on other games as well which is important.The gaming experience is really good but we at PWWI are only looking at it and judging it on an opportunity to generate passive income for a long time. The biggest risk in investing in this would be if it can keep a large number of gamers coming and being regular users and keeping its portion of the market cap and courting new users As of this writing there are just over 1,500,000 tokens in circulation. The price on NEWDEX today was a low of 0.021 EOS and a high of .0378 EOS. At first, the only way to earn LUCKY tokens as with all the other dividend-paying coins was mining by gaming an interesting concept but as an investor not looking to gamble not a very efficient or attractive means of aquiring tokens. As far as we know this is the only token being openly traded in Newdex although other tokens are talking of listing tokens. Trading has been very robust and most of the times the spead isn’t too bad. The price predictably goes up and down depending on the size of the payout per token which will depend on house earnings and number of tokens available at the moment, The amount of dividends per token will likely continue downwards as more tokens are released but it’s important to note that although the tokens are trading freely in the open market the only way to generate new tokens is by gambling so that means if the number of tokens is rising sharply it means the volume of bets being placed is also increasing and once the 100,000,000 tokens have been released then the dividend payouts should be a lot more predictable and stable.
We would class this as a medium risk investment. The smart contract can be verified by anyone as far as we know it has not been audited but they do claim to be verified byEOS SPARK and SLOW MIST. We have not independently verified it and as such can’t guarantee 100% there is no risk but the contract is available for anyone to check, please use due diligence. The greatest risk we would say is keeping a large number of daily users and maintaining and gaining market share amongst competitors as without players dividends would greatly decrease. As a gaming site we give it 8.5/10 and as a passive income source a 9/10
EOS.WIN wbsite: https://eos.win/i/guydgobwguge
Rules: http://docs.eos.win/web/viewer.html?file=eoswin_rules_en_v2.0.pdf
Trade LUCKY tokens: https://newdex.io/trade/LUCKY_EOS
