Ever wanted to own a slot machine?
The killer dapp we have all been waiting for is here but it’s not what most of us expected…
If we take a look back into history to the mid 80’s and early 90’s it was computer gaming consoles like Atari, Commodore 64 and Nintendo which pushed the adoption of computers into our homes and the hands of the general public. It seems fitting then for the first killer dapp to be a game.
What is BetDice?
BetDice is a profit-sharing gaming platform running on the EOS blockchain which launched on the 23rd of September, 2018. You can check it out here.
It’s so much more than just a simple dice game however, its a gaming platform which is aiming to capture a lions share of the 50 billion dollar online gaming market.
So far the BetDice team has created a dice game, lottery, lucky draw and an exchange all on the one platform. They plan to release many more games with a new game Bacarrat due on the 5th of November as well as adding other EOS tokens like the BLACK token due on the 9th of November. (UPDATE the Black token has been added today the 1st of November 8 days ahead of schedule)
What’s so special about it?
I have memories of being a teenager at my local pub and looking around at all the adults putting their hard earned money into pokie machines (Australian term for slot machines) and thinking to myself are you guys seriously all that stupid… really? The game is designed to take your money! the house always wins… I realised at that age that whoever put those machines in the pub must be making an absolute fortune with little to no effort. Fast forward 20 years and the opportunity to own such a machine is within our grasp.
When you play any of the games on the BetDice platform you are rewarded with Dice tokens. You can also buy the Dice tokens on exchanges. Once you have your Dice tokens you can then stake them which entitles you to a share of the house profits or dividends.
So far the returns are quite extraordinary. For example if someone bought approx 500,000 Dice tokens @ 0.0015 EOS from an exchange ($3,850 USD) staked them they would now be receiving approx 4 EOS ($20.50 USD) per day in dividends. Being on the right side of a casino is profitable thats for sure!
Volume — The first thing to catch my eye was the volume which BetDice was reaching. At the time of writing it is currently moving 20 million EOS/7day average, thats over $100 million USD.
Transactions — It’s also averaging 3.5 million transactions/7 day which is more than Bitcoin and Ethereum’s total transactions combined, actually Bitcoin and Ethereum’s combined transactions only total 1.2 million/7day.
Price — The Dice token price has skyrocketed since the launch of the dapp as you can see from the Newdex graph below…
So how do I start playing?
If you own EOS you can simply create an EOS account using the following link here. If you do not own EOS buy some for god sake! from an exchange like Bitfinex or Coinspot if your in Australia.
To download the whitepaper and join the discussion on telegram click here.
So now all there is left to do is stake those Dice tokens and wake up to the fresh smell of passive income!
This article is definitely not financial advice. I encourage you to do your own research before making any investment decisions. Please also remember that gaming dapps of this nature are susceptible to competition within the EOS.IO ecosphere.
If you enjoyed this article and feel I have contributed something of value please consider using my referral link below…