legendary
Activity: 1199
Merit: 1047
Terrible news. At least you could had allowed current investors to keep their investment. Eventually you would had achieved your goal of decreasing the investments from "outsiders" anyway, but this way you would at least let those that helped you grow stay with you, while still getting a fee from their investment profit. I'm very disappointed.
Is there any decent place to invest DOGE now that neither Yolodice nor Crypto-games allow investments?
"Winding down bankroll investments
As many of you might know, CryptoGames has not always been a crowdsourced casino. When we first started accepting bankroll investments, the idea was simple, allowing users to participate in the bankroll would enable the site to offer higher limits on betsizes and thus give it the necessary room to grow. The investors in turn would be included in the distribution of the site's profit and share its success.
Making this decision has played an essential role in bringing the site to where it is today, and we are incredibly thankful to all investors, some of which have stayed with us for several years, for their continued participation. We appreciate the trust you have placed in the site and also the organisation behind it. However, storing huge amounts of users‘ funds over a very long period of time comes with a lot of responsibilities. Responsibilities we have always taken very seriously at CryptoGames.
Over the years, we have spent a lot of time, effort, and also money on managing and securing bankroll funds. We’ve set up a secure way to store those funds, and we did set up processes to distribute funds, whenever that was necessary. Chainsplits like those of BTC/BCH or BTC/BTG did cost us a lot of additional time that we couldn‘t spend on improving the site itself. But we’ve been happy to do these distribution processes, because our first priority are always our users, both players and investors. We try to do right by you, and felt like this was the most fair way to handle the situations.
In this spirit, we have also always considered the impact for investors when making changes to the site, or setting up new promotions. In many cases, this has limited the ways in which we could adjust the site‘s structure, and the options we had to run promotions.
As of right now, we do believe that accepting public bankroll investments is no longer beneficial to the site. The advantages they provide are dwindling while the risk connected to them has been increasing more and more as the bankrolls and their value grew. It is a risk we are no longer willing to take and as a result of that, we have decided to shut down our bankroll investment option. This will also allow us to focus efforts that had been previously tied up with maintaining investments on other issues, and it will give us the freedom to change the site in a few ways we had previously not been able to. Further, it will allow us to run additional promotions and events, without having to consider the repercussions for investors every time.
What does this mean exactly? As you might have already heard, we stopped accepting new investors a little while ago. This was the first step towards removing bankroll investments entirely. In a second step, as of right now, no new investments can be placed, regardless of whether you are currently an investor, have formerly been one, or are completely new to the site.
Currently active investments will stay valid and continue to work in the same way they have before for the next 30 days. During this time we encourage all investors to remove their investments. After that 30 day period is over, investment calculations will stop and any leftover funds invested will be added to the active playing balance of the specific accounts.
Additionally, since we expect a huge amount of withdrawals over that period, and since many investments are very big in size, please understand that those withdrawals cannot all be covered automatically by our hotwallet system. Bigger withdrawals will thus be processed manually and this can take a little while. We expect that most investment withdrawals will be handled within 24 hours from being issued. Thank you for understanding.
If you have any additional questions regarding this process, feel free to drop into the chat and ask our moderators about it, or send us a mail via the support interface, and we will do the best we can to help you.
Thank you for playing at CryptoGames."