On the 18. November at around 14:00 UTC+8 the first dividend payout from FunCity was made. I came a little bit later to the party to claim my payout – but it was like they projected it at really around 2.5 EOS per 10.000 coins! (which you could buy for around 7.9 EOS right before)
The first “normal” daily payout after that was pretty low, but they reacted to that by pausing the reaper games (Read about what a Reaper game is in my last article). In short terms they pause this game with the intention that this will make the price pool for paying out dividends much bigger in the short term. On the long term they will have this game back on and are also developing some other new ones right now. Some new games are currently being developed and are going to be implemented in the near future. For example Jacks or Better will be added very soon. (All information taken from answers of their telegram channel)
Some people are probably unstaking a lot of their coins (like me, I can’t deny .. 😉 ). The unstaking period is three days, which is obviously pretty long compared to one day on most other sites. So I guess most people who did invest are now unstaking a huge portion with the intention to sell it. This is most likely going to make the price drop significantly – at least in the short term.
So if you didn’t hear from FunCity so far and interested this may seem like a nice buy opportunity over the next days. The start of the potential price dropping will be probably 22:00 UTC+8 tomorrow (21. November). Because after that the first people who claimed the dividend and immediately unstaked their tokens are able to sell their coins.
The current state of the site concerning the different aviable games, stability and ability to play “non-stop” should be regarded like in “Beta Status”. This doesn’t mean at all this is bad! I rather mean you shouldn’t judge too negative if there’s something not working right now how it should. Maybe you have to wait a little to be able to claim your dividend or sometimes can’t play because they are making changes to the site.
From seeing how they handled this huge payout – also in their telegram group – I think you can already see that they have a good team of developers and support staff. Also, lots of visionary ideas for potential very nice future success! I especially like it very much that they try to create some “new” stuff with games like the Reaper Turbo. Like told before this game is paused right now, but you can read about what it is here in my last article about FunCity.
As I said I’m still unstaking my initial investment and I’m probably not going to cancel it. The main reason why I’m doing this is diversification. At the time of the unstaking I wasn’t pretty sure how much I should leave staked, but it was clear to me that I should at least get “some” coins unstaked. And because I rather wanted to be safe I unstaked like 90% of my invested coins. However, right now I think that I’ll probably look how the price will develope and how soon I will get the opportunity to sell them. But then I’ll also have to decide if its worth it, this means: Would I lose much by selling them? Also, finally comparing it to the value of other casino dividend coins – regarding the current payout including the most likely future development and potentials. For now, I can see me staking a lot of these tokens again.
So in the end it’s not that easy. If you are reading this and are in the same spot I’m happy about your thoughts on that! I hope you enjoyed reading, maybe a nice opportunity for some & happy gambling 🙂
Please never bet more than you can afford! This is all not financial advice, but my opinion. You should also never ever listen to what somebody says blindly and do what they tell you – this concerns investing in crpyto currencies, any investments in general and your life – YOU make your own decisions!