BitDice has been on my radar for sometime, i've been hesitant to write a post due to the team being missing from the website. I spent some time digging around yesterday and feel more confident It's legit with good dividend potential. As always I encourage you to do you own research, make up your own mind and only invest money you can afford to part with.
What is BitDice
BitDice is a online casino that has been operating out of Costa Rica since 2014. To date BitDice has processed over 9 million bets with more than 157,000 ETHs wagered, at a total profit of 3,500 ETH. BitDice's current game offerings include; Dice, BlackJack and Voodoo with Slots and Roulette coming soon.
Current Trends Of Online Betting
The size of the traditional (brick and mortar) gambling markets accounted for $359.3 billion in 2016, while online gambling market was $44 billion. Both the traditional and online markets are slowly growing with the online gambling market growing at a faster pace and grabbing increased market share. It is expected that the market valuation of online gambling will exceed $60 billion by 2020, with a compounding yearly uptick of 10%.
BitDice Token
Bitdice will be implementing a ETH ERC223 token (CSNO) at a locked total supply of 100 million. The distribution of the token will be 68% during ICO with the developers holding 30%.
BitDice Dividends
OUR FAVOURITE PART :) >> BitDice will offer 70% of profits to token holders. This will be distributed every quarter in ETH via smart contract. So if we break this down a little further and take away the 30% of tokens held by the dev team, this equates to around a 49% profit crowdshare.
BitDice Roadmap
BitDice Casino is already operational with 20,000 registered users, it's roapmap is one of expansion and acquisition. They will be specifically targeting the development of mobile apps, while building upon the existing online offering. The team has a plan of in-house game development, recruitment of third party casino operators, with a link-up to sports betting in Q2 2018.
BitDice Whitepaper
https://ico.bitdice.me/prospectus_en.pdf
Conclusion
The online casino world is heating up with more blockchain based projects arriving every month. It's clear this industry will be massive in the future as the world migrates over to cryptocurrency. Just like there are many casinos throughout the world, catering to many genres of games. I believe there will be many online casino success stories. I did put a small wager of 0.07ETH on the BitDice ICO which is currently running (ico.bitdice.me). I will be looking forward to watching this project develop.
Thanks for reading
[Disclaimer: please do you own due diligence when investing and don’t solely take my point of view as the only angle. I highly recommend everybody dig through the projects bitcointalk, reddit and team linkedin profiles to help formulate your own opinion – I thank you so much for reading and wish you successful dividend returns]
Ryan Jorgensen | Stock Photographer | Blockchain Nerd
Twitter: @CryptoDividends
Website: http://jorgo.photography/
Crypto Dividends focuses on the niche blockchain business models that generate passive income without the need to sell or speculate. We seek to discover and promote the best dividend yielding cryptos.