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Topic: [ICO] BitDice - Join The ICO Of The Biggest Crowdfunded Casino With 2300Ƀ PROFIT - page 15. (Read 70061 times)

legendary
Activity: 1057
Merit: 1000
The Experience Layer of the Decentralized Internet
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Effectively, the total profit of USD 2 161 193,69 is subject to 70% profit sharing among CSNO token holders.

Every token holder is entitled to receive USD 0,01513 per token (1,513 cents per token)
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So, if someone has 1000 CSNO, he will receive 15.13 USD, not too much, I think a lot of csno holders may choose to sell their tokens since the price of btc or ETH pumps much more fast than holding CSNO.
hero member
Activity: 776
Merit: 522
BitDice Casino Quarterly Report: Q4 2017

Introduction
BitDice Casino’s quarterly report is a new communication tool aimed to provide CSNO token holders with up-to-date information about the company’s major developments and fiscal position.

Along with financial statements, the report will include forward-looking statements and analysis of the past events. It is deemed to increase the company’s transparency and provide token holders with a comforting sense of knowledge regarding the firm’s past, present and future business developments.

Milestones: Accomplishments and Omissions

Re-designing the website



We have started with re-designing the application’s front-end to give it an entirely new authentic look. It became clear to us that adding more games to the line of existing ones, as well as adding new payment methods will be hard to achieve without upgrading the face of the Casino. We have picked up the top web design studio on Behance and are having close communication with them and their illustrators while they are creating a masterpiece, unseen before in the world of online casinos. We want to get a revolutionary idea when it comes to design, and we will stand out from the rest of competitors. The front page development is still in progress, and the static look of it will not be able to express the depth of its animating details — but it looks awesome without a doubt. We would also like to get early feedback from our playing community regarding the new design, so we look forward to hearing from you on all our communication channels (telegram, website, etc.).

Started working on licensing

We have reviewed multiple options for getting the gambling license and decided in favor of Curacao. In our view, Curacao enables the fastest and smoothest way of obtaining the license in the first place to connect other gambling providers which we currently are unable to do. After being able to launch sports betting and the full range of new games with necessary licensing, we are planning to transfer the platform to Malta. We are aware of the trust issues of Curacao, but it remains the fastest and easiest way of establishing licensing presence for the games and for accepting fiat payment methods.

Fighting with faucet farming bots and bonus farmers

Many have noticed the drastic drop of online players from over a 100 down to 30s. Unfortunately, we were forced to disable the majority of employed bonuses as users exploited them. As a result, a big chunk of players, who were receiving the rewards and never contributed real deposits, has disappeared. As we constantly monitored the amount of wager with actual deposits vis-à-vis handout bonuses, we decided to re-assess the implementation of bonuses model, and the level system of players that became outdated due to significant growth of the cryptocurrencies value. We have created a new set of playing mechanics that we will be deploying and testing gradually starting this February.

Moving to Elixir

Our whole platform is written in Ruby language, and we use web socket connection for instant data transmission between player and platform. Although web socket allows for lightning-fast user experience, the Ruby language sets certain limits when it comes to scaling up operations. We have noticed, that the moment we reach 200–300 simultaneous players, the system starts to degrade significantly. To overcome the issue, almost a year ago we initiated first steps to move some parts of the platform engine to Elixir language. Today we’ve got about 60% of the code written in Elixir, and expect the rest to be moved by the end of the 3rd Quarter. The new solution will allow us to handle up to 10 000 simultaneous connections without hurting the platform’s performance. It will become crucial when the platform accommodates new payment methods, and the whole array of new games is introduced. For example, the top companies (William Hill, Bet365) already have their engines running in Erlang/Elixir: https://www.erlang-solutions.com/blog/programming-languages-for-online-betting-an-investigation-of-go-erlang-and-elixir.html


Financial Results Q4 2017

Profitability

In the fourth quarter (1 October — 31 December) of 2017, BitDice Casino earned a net profit of USD 2 161 193,69 or USD 0,02161 per CSNO token.

Net profit from operating activity amounted to USD 1 048 308.

Net realized profit from disposal of some cryptocurrency assets amounted to USD 1 112 885,81.

Distributable profit of 70% amounted to USD 1 512 835,58 or USD 0,01513 per CSNO token (Annualized Dividend Yield of 43,22%)

Product segment overview

A total of USD 206 822 510 was wagered throughout the fourth quarter, with the dice segment being traditionally the strongest, followed by Blackjack and slots.



Q4 2017 wager grew for all cryptocurrencies except BTC, which saw downtick due to abnormally high playing activity in the previous quarters. LiteCoin surprised to the upside due to gaining more traction among cryptocurrencies globally.



Average bet size also continued to growth in USD terms thanks to the appreciation of cryptocurrencies and higher risk appetite among players.



House total revenue reached USD 1 193 245, where USD 769 132 was attributed to Dice segment, USD 384 295 to Blackjack, and USD 39 818 to Slots.

In cryptocurrency terms the revenues for the fourth quarter stood as follow:



Margin wise, the picture was somewhat volatile and deviated from our house edge benchmarks:



On average, Dice segment margin amounted to 0,41%, Blackjack 2,18%, and Slots 2,47%

Running Costs

In the fourth quarter of 2017, BitDice Casino incurred total costs of USD 144 937.

The majority of the cost was attributed to players bonuses payouts, team salaries and website re-designing:



Balance Sheet

At the end of the ICO, dated September 15, 2017, BitDice Casino raised a total of USD 8 748 793,00 in the following cryptocurrency assets:



To minimize risk exposure to cryptocurrency assets and stick to the use of proceeds prescribed in the ICO material, BitDice Casino converted 60% of its crypto assets into USD at the end of the coin offering.

As a result, the fourth quarter began with the following assets sitting on BitDice Casino’s balance sheet, with total equivalent of USD 9 988 312,42:



By the end of the fourth quarter, BitDice Casino’s balance sheet appreciated by 90,83% and amounted to USD 19 060 684,10 in dollar equivalent, largely due to crypto currency gains across the board and a net operating income of USD 1 048 308.



At the end of the fourth quarter, BitDice Casino cut exposure to some of its crypto currency assets to lock in capital gain of USD 1 112 885,81:



At the end of Q4 2017, Client deposits with BitDice Casino amounted to USD 454 060,31 and were as follows:



Distributable Profit

According to BitDice Casino profit distribution policy, every token holder that possesses a balance with value greater than 1 CSNO is entitled to receive quarterly dividend, 70% of the net profit earned pro rata its holding.

As a result of its Q4 2017 economic activity, BitDice Casino earned net operating profit in amount of USD 1 048 308 and net capital gain of USD 1 112 885,81 resulted from disposal of some of it LTC, IOTA and DOGE coins.

Effectively, the total profit of USD 2 161 193,69 is subject to 70% profit sharing among CSNO token holders.

Every token holder is entitled to receive USD 0,01513 per token (1,513 cents per token)

BitDice has made a snapshot of token holders as of Dec 31, 2017 and will distribute the dividends according to the list of CNSO token holders on Dec 31, 2017.


Plans for the Q1 2018

Finalizing the integration of the new API

We prioritize the integration of the new API over the rest of the tasks scheduled for Q1 to be able to expeditiously link all the new games provided by our game integrator. We expect the process to take up to three weeks to complete. Testing will take up a few more days, but ultimately by the end of February, we should be able to launch many new games at once.

Continue to move to Elixir Engine

We will be moving further with converting the platform to Elixir language. In this March, testing of the code is expected to be performed in a closed environment. The process of this transformation is slow and requires a big deal of attention to details. The transformation is extremely important to us for creating the new innovative products, and there are already some exciting ideas on real-time interaction with our players using this new technology.

Acquiring the Curacao License

In the upcoming quarter, we will start the process of acquiring the license, which hopefully will take no more than 4–8 weeks to complete. As soon the necessary paperwork is done, we will be opening banking accounts and connecting payment gateways for accepting fiat deposits. Opening up our platform to fiat players should drastically improve our position among competitors.

Implementing the new design

We expect the new design to be finished in March and deployed on the latest version of the platform running on Elixir. As soon as we move closer to a testing environment, we will start sending out invitations to our clients to try out the new look and share their feedback. Watch out for new announcements and screenshots as we progress and give us your thoughts.

Mobile App

We have decided to postpone the development of a mobile app until the engine of the platform is fully transformed, and the website has got a brand new design.

Roulette & BitAces

BitAces is likely to be added within the upcoming quarter while adding Roulette is highly unlikely due to increased work load related to Elixir transformation and implementation of the new design.

On-site Raffles

Raffles are in the pipeline to be implemented within this quarter on the current version of the website.


Blog Post: https://medium.com/@BitDice/bitdice-casino-quarterly-report-q4-2017-db7aed906a46


Kind regards,
The Team of BitDice Casino
hero member
Activity: 910
Merit: 500
Any news regarding the dividend distribution?
yes, they need one more day to finish all data. Tomorrow they will publish financial report and will start sending the dividends.
legendary
Activity: 1736
Merit: 1023
Alert to players/investors - I was a regular on Bitdice for the past 6 weeks.  Rolled over a million times, deposited many many times.  Then last night I won a decent amount (0.1 BTC).  When I went to withdraw it said my account was locked and it wouldn't let me.  I went to the chat box and it said my chat was disabled (I was able to chat that morning and made a small withdrawal the previous day).  I emailed them and no reply.  There is no number to call.  Not a joke - I won and they are just going to steal my winnings.  I'm sure you might want more details, and they will come.  I documented as much as I can and have screenshots of the whole situation.  The public needs to be made aware of this and I'm going to tell my story as detailed as I can and post it everywhere I can.  I'll post a link to the full story in the near future.  Thinking about putting it all on a website.  

I can't believe they are pulling this.  The biggest fear of every online gambler.....if I actually win will I get paid?  The answer here is no.  Not a chance they survive by pulling this.  Just wanted everyone to know.

You should receive an email within 24 hours of your message. Support will respond and address the issue with you soon.
full member
Activity: 273
Merit: 100
Any news regarding the dividend distribution?
hero member
Activity: 980
Merit: 500
There was a downtime of few hours but that is fine now as this is normal thing to experience everywhere. Today I came here to see if there is any update on dividends as many people were saying it will take place somewhere between 20th and 25th of this month. I hope it is planned for today and later we will receive dividends.
legendary
Activity: 1526
Merit: 1003
Hello, is there any latest news about the dividend distribution? I can not find anything about this on the website, also the slack link is broken, I had some csno in my wallet befere January 1st, I just want to know how many can I get.

I also waiting to get paid it seems distribution of dividends still not take place yet. I think dev will post update about that very soon why it getting delay and how much will paid through this event.
sr. member
Activity: 462
Merit: 290
Hello, is there any latest news about the dividend distribution? I can not find anything about this on the website, also the slack link is broken, I had some csno in my wallet befere January 1st, I just want to know how many can I get.
Dividends should be tomorrow, it will be slightly less than 100 dollars for 5000 coins
full member
Activity: 378
Merit: 102
Looks like their was some datacenter issues on their hosting parts. Hopefully, any issues users have is related to that.
member
Activity: 100
Merit: 100
Hello, is there any latest news about the dividend distribution? I can not find anything about this on the website, also the slack link is broken, I had some csno in my wallet befere January 1st, I just want to know how many can I get.
full member
Activity: 378
Merit: 102
Alert to players/investors - I was a regular on Bitdice for the past 6 weeks.  Rolled over a million times, deposited many many times.  Then last night I won a decent amount (0.1 BTC).  When I went to withdraw it said my account was locked and it wouldn't let me.  I went to the chat box and it said my chat was disabled (I was able to chat that morning and made a small withdrawal the previous day).  I emailed them and no reply.  There is no number to call.  Not a joke - I won and they are just going to steal my winnings.  I'm sure you might want more details, and they will come.  I documented as much as I can and have screenshots of the whole situation.  The public needs to be made aware of this and I'm going to tell my story as detailed as I can and post it everywhere I can.  I'll post a link to the full story in the near future.  Thinking about putting it all on a website. 

I can't believe they are pulling this.  The biggest fear of every online gambler.....if I actually win will I get paid?  The answer here is no.  Not a chance they survive by pulling this.  Just wanted everyone to know.

"decent amount" = .1 btc? Is that a joke? I would've found it more reputable if you had several btc worth. I'm banking that you did something to violate the casino and they locked your account for it.
newbie
Activity: 36
Merit: 0
Alert to players/investors - I was a regular on Bitdice for the past 6 weeks.  Rolled over a million times, deposited many many times.  Then last night I won a decent amount (0.1 BTC).  When I went to withdraw it said my account was locked and it wouldn't let me.  I went to the chat box and it said my chat was disabled (I was able to chat that morning and made a small withdrawal the previous day).  I emailed them and no reply.  There is no number to call.  Not a joke - I won and they are just going to steal my winnings.  I'm sure you might want more details, and they will come.  I documented as much as I can and have screenshots of the whole situation.  The public needs to be made aware of this and I'm going to tell my story as detailed as I can and post it everywhere I can.  I'll post a link to the full story in the near future.  Thinking about putting it all on a website. 

I can't believe they are pulling this.  The biggest fear of every online gambler.....if I actually win will I get paid?  The answer here is no.  Not a chance they survive by pulling this.  Just wanted everyone to know.
full member
Activity: 1288
Merit: 102
All eyes are on updates to see what ones get for holding CSNO token which are going to bring dividends from one of the very profitable gambling site. If the profit is big as everyone is expecting next distribution will engage more people by showing huge trading of these tokens in period of snapshot.
hero member
Activity: 630
Merit: 500
The closer the 25 th, the lower price. Did someone begins to doubt in dividends and sells coins?

This could be the case, I wonder if they would still get their dividend as the snapshot has been taken and now they sell their tokens. Will the ones who sold their tokens after the snapshot get paid dividends? I'm sure we'll be getting some news soon on the report and dividend payment.
I think so too, but remained only two days before the deadline, it makes you nervous
full member
Activity: 378
Merit: 102
The closer the 25 th, the lower price. Did someone begins to doubt in dividends and sells coins?

This could be the case, I wonder if they would still get their dividend as the snapshot has been taken and now they sell their tokens. Will the ones who sold their tokens after the snapshot get paid dividends? I'm sure we'll be getting some news soon on the report and dividend payment.

Snapshot was on the first. They will get their dividends even if they sold their coins earlier.
hero member
Activity: 1862
Merit: 590
The closer the 25 th, the lower price. Did someone begins to doubt in dividends and sells coins?

This could be the case, I wonder if they would still get their dividend as the snapshot has been taken and now they sell their tokens. Will the ones who sold their tokens after the snapshot get paid dividends? I'm sure we'll be getting some news soon on the report and dividend payment.
hero member
Activity: 910
Merit: 500
The closer the 25 th, the lower price. Did someone begins to doubt in dividends and sells coins?
hero member
Activity: 1862
Merit: 590
The casino is going to be coded with Elixir as well. So there are a lot things that are going to happen in 2018. The casino is most likely going to add IOTA infrastructure and payment system.

Dang that sounds really interesting. Was this posted somewhere? Maybe telegram?

Yeah this is interesting and could be huge for CSNO. I would also like to see where this bit of news came from. I think once the first dividend is paid the price of CSNO will explode as most seem to think the dividend will be very good. I'm glad I picked up some more CSNO before the snapshot was taken ready for the first dividend payment. Not long to wait now!

Day 1 of waiting for our dividends and waiting for the financial report. Remember folks, it takes Jan. 20-25th as the range it should be released.
there is no reason to worry, especially now on weekend. I think we will see the report in a few days

Yep I agree, Monday would be a good time to post the report and then make the dividend payments during the next couple of days. I'm excited to see what our first dividends will be as from what people have been saying the casino has done well in recent months so hopefully it will be a nice dividend payout.
hero member
Activity: 910
Merit: 520
The casino is going to be coded with Elixir as well. So there are a lot things that are going to happen in 2018. The casino is most likely going to add IOTA infrastructure and payment system.

Dang that sounds really interesting. Was this posted somewhere? Maybe telegram?

Yeah this is interesting and could be huge for CSNO. I would also like to see where this bit of news came from. I think once the first dividend is paid the price of CSNO will explode as most seem to think the dividend will be very good. I'm glad I picked up some more CSNO before the snapshot was taken ready for the first dividend payment. Not long to wait now!

Day 1 of waiting for our dividends and waiting for the financial report. Remember folks, it takes Jan. 20-25th as the range it should be released.
there is no reason to worry, especially now on weekend. I think we will see the report in a few days
full member
Activity: 378
Merit: 102
The casino is going to be coded with Elixir as well. So there are a lot things that are going to happen in 2018. The casino is most likely going to add IOTA infrastructure and payment system.

Dang that sounds really interesting. Was this posted somewhere? Maybe telegram?

Yeah this is interesting and could be huge for CSNO. I would also like to see where this bit of news came from. I think once the first dividend is paid the price of CSNO will explode as most seem to think the dividend will be very good. I'm glad I picked up some more CSNO before the snapshot was taken ready for the first dividend payment. Not long to wait now!

Day 1 of waiting for our dividends and waiting for the financial report. Remember folks, it takes Jan. 20-25th as the range it should be released.
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