trustdice.win Offering Unrealistic Returns on Staking their Token (TXT)

mak013

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Quote from: Russlenat on August 02, 2024, 07:50:07 AM

Quote from: mak013 on August 02, 2024, 06:52:10 AM

But in the real world usual situation is that team sell their tokens and as the result the token cost nothing.

This is a pure scam. Selling their large number of tokens, which would result in a decline in the price and eventually cause panic among investors, is something that can't be done if the owners believe in the future of the project. That's the risk, though, as we can't deny it happens with some projects. However, considering the reputation of TrustDice, which has been in the forum for a while now, I think they won't do that. But I agree with what you posted: manage the risk.

This is situation that we must think about. I always say that we can`t think that someone willn`t cheat us because he is well-known. It is true for real world and for cryptocurrencies it is much more serious.
Probably i can invest but like a HYIP - with fast withdraw deposit, but i need at least 5% daily for it, better 10%. After it it would be interesting for me to invest in well-known cryptocurrency casino.

iv4n

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Quote from: davis196 on August 01, 2024, 01:42:48 AM

They might be legit today, but they could exit scam tomorrow, leaving the gamblers with a bunch of worthless shit-tokens.

TrustDice is a very old casino and one of the first crypto casinos with their own in-house token. I used to play there for a while years ago, and I have a couple thousand tokens from that. That amount is too small for anything, I can't remember why I stopped playing there, but they are still here and I doubt they will close their doors and run away. I guess any service could become a scam pretty quickly, there are no guarantees, but I doubt that this casino will do that... they didn't show any signs they are doing bad. They have some stupid requirements, but looks like they have their community and doing pretty fine all this time, they would have disappeared long ago if it's the opposite.

Russlenat

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Quote from: mak013 on August 02, 2024, 06:52:10 AM

But in the real world usual situation is that team sell their tokens and as the result the token cost nothing.

This is a pure scam. Selling their large number of tokens, which would result in a decline in the price and eventually cause panic among investors, is something that can't be done if the owners believe in the future of the project. That's the risk, though, as we can't deny it happens with some projects. However, considering the reputation of TrustDice, which has been in the forum for a while now, I think they won't do that. But I agree with what you posted: manage the risk.

mak013

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Quote from: Mr.right85 on August 01, 2024, 07:38:22 PM

Quote from: Charles-Tim on August 01, 2024, 08:02:36 AM

Even if this token will not collapse, it could be like the high yield return scam. I have seen a token that offers 10% daily reward before, but if you mistakenly invest in it, the price of the token the following day would have reduced more than the 10% daily profit that you will earn. At last, the investors are losing. I think this token would become something like that. The reward is too much and it would be avoided. What we should be concerned about is not about if the token can collapse, but about how it is a scam.

It’s an interesting aspect to these tokens, they are issued rather then being mined and as such, the level of control over it is next to none. Given that they are not some highly prioritized tokens, only available on a couple of DEX and local sites to the token, you are able to use and trade it as it applies. The lack of priority on the token as to major exchanges simply means, a low dilution cap and as such, little changes can result in drastic results to its valuation.

It is standard situation for tokens. You don`t mine it and the team can allocate it how they want. The same time, here we see that trustdice wants to use it to promote casino and to attract some additional money. In the ideal world, they will burn some tokens time by time and decrease the total amount of it. The price will grow up and you can get profit even without 2% daily. But in the real world usual situation is that team sell their tokens and as the result the token cost nothing.
You can risk, bull run is still awaiting, but you have to calculate risks.

Mr.right85

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Quote from: Charles-Tim on August 01, 2024, 08:02:36 AM

Quote from: davis196 on August 01, 2024, 01:42:48 AM

Is there any risk, that this TXT token would collapse in the future?

Even if this token will not collapse, it could be like the high yield return scam. I have seen a token that offers 10% daily reward before, but if you mistakenly invest in it, the price of the token the following day would have reduced more than the 10% daily profit that you will earn. At last, the investors are losing. I think this token would become something like that. The reward is too much and it would be avoided. What we should be concerned about is not about if the token can collapse, but about how it is a scam.

It’s an interesting aspect to these tokens, they are issued rather then being mined and as such, the level of control over it is next to none. Given that they are not some highly prioritized tokens, only available on a couple of DEX and local sites to the token, you are able to use and trade it as it applies. The lack of priority on the token as to major exchanges simply means, a low dilution cap and as such, little changes can result in drastic results to its valuation.

Potato Chips

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Quote from: memehunter on July 31, 2024, 08:00:06 AM

You are right; there is too much risk. One more thing to consider is that you might have to wager 5 times your investment before cashing out if it's your first deposit. If you have already fulfilled the first deposit wagering requirements, you might still need to wager 2 to 3 times, which is also a concern since Trust Dice is not clear in their policy regarding deposit wagering.

I know they have the 5x wager requirement listed in their terms of service but what do you mean by another 2-3 times? does this mean overall, wager requirement becomes 7x-8x? if so and it's a personal experience, I'm interested in hearing more. You may wanna start another thread with supporting evidence attached.

Quote from: CryptSafe on July 31, 2024, 08:20:36 AM

Quote from: coin-investor on July 26, 2024, 10:59:28 AM

Quote from: Potato Chips on July 25, 2024, 06:06:56 PM

Quote from: coin-investor on July 25, 2024, 10:30:23 AM

Possibly the the support must have made a mistake in explaining to OP how the system works through the returns explanations. I see the rate too high for a return on staking. Most casinos I have researched on have not really put up such percentage as a reward on stake for just a day. Although OP has a proof and point here to hold onto based on the live conversation with the support but however, having a look at the term's and conditions of service would be of good importance to OP if OP looks into it. That would guide OP better in drawing conclusions wether to go ahead in investing or not.

Honestly, I don't think it was an explanation error as it doesn't look like the support actually understand how it works lol hence they just went with the calculator results. As previously stated, 2% daily would be impossible with the total amount of rewards being distributed. The calculator needs to be tweaked.

mak013

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Quote from: memehunter on July 31, 2024, 08:00:06 AM

Quote from: mak013 on July 31, 2024, 06:04:46 AM

Maximum allowed in calculation - 2.000.000.000 TXT. If it is real - maximum you ca invest is $2000(as their calculator think)
In the payout history the total amount is 3.600.000.000 TXT - $3.600 invested all the investors summary.
I don`t sure that there is such token on UNISWAP which they recommend to control the price of the token.
So decide yourself, but as for me - too much risks.

You are right; there is too much risk. One more thing to consider is that you might have to wager 5 times your investment before cashing out if it's your first deposit. If you have already fulfilled the first deposit wagering requirements, you might still need to wager 2 to 3 times, which is also a concern since Trust Dice is not clear in their policy regarding deposit wagering.

I don`t think that they will repeat wagering requirements, but it doesn`t matter for me. I don`t interest in it casino and we only thing it could interested me - get profit from investment. But as i see i can`t get serious profit, but have serious risk just at start.

Charles-Tim

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Quote from: davis196 on August 01, 2024, 01:42:48 AM

Is there any risk, that this TXT token would collapse in the future?

Even if this token will not collapse, it could be like the high yield return scam. I have seen a token that offers 10% daily reward before, but if you mistakenly invest in it, the price of the token the following day would have reduced more than the 10% daily profit that you will earn. At last, the investors are losing. I think this token would become something like that. The reward is too much and it would be avoided. What we should be concerned about is not about if the token can collapse, but about how it is a scam.

davis196

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Quote

They are offering 2% daily returns (no time limit) and you can unstake and cash out any time. Is it too good to be true? I seek advice from reputed and knowledgeable members of this forum.

I've never used trustdice and I don't know whether their TXT token has a stable price.
You could get 2% per day for staking a worthless token but that wouldn't make any sense, because the token would be pretty much worthless, when you want to sell it for fiat or BTC. Is there any risk, that this TXT token would collapse in the future? I think that such risk exists for any token, that is being issued by centralized crypto companies. They claim that the token is backed by cryptocurrencies like BTC, ETH or stablecoins, but how much do you trust such claims? At the end of the day, all crypto casinos are centralized crypto companies.
They might be legit today, but they could exit scam tomorrow, leaving the gamblers with a bunch of worthless shit-tokens.

Wiwo

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Quote from: junder on July 31, 2024, 08:23:04 AM

Quote from: Cantsay on July 24, 2024, 08:13:05 AM

I don’t have much knowledge about this staking of TXT for. Period of time to earn some dividends but I feel it would have been better if you had asked this question in their Ann thread.

I tried shuffling through ninjastic to try to see if I’d see any conversation that was held that’s related to this in their Ann thread but none of them were clear to me.

Concerning the issue of it being too good to be true, I’d still trust them more than other sites offering the same thing because they do have a means to generate the funds (through gambling) and also you’ll have to wager some amount to be able to get the TXT in the first place and then stake it.

I have an account at Trustdice casino and have played a few times but it's been a while. What I know about Staking TXT is not very interesting, I only get TXT from the number of coins I have played and the staked TXT is not much. For more I reopened the Trustdice account and the percentage is small every day. In my opinion if OP are hesitant about the promised profits, it is better to try with the minimum amount, because the get rich quick scheme is just a title. You need to understand that investing in casino tokens so far has not given 100% profitable feedback.

I believe this whole thing is simple and verifiable because trust dice have a representative and the ops can reach them easily, but if the information on the amount of percentage pay is from a support team or on the terms of service of trustee then that is what it is, the next question should be what are the conditions attached before qn investors who staked on that platform get that amount in deposits?

Those are the things we should look at in other to prevent future controversy because sometimes there are rules aside from just getting the needed coins to stake to get rewarded in the amount mentioned.

Cantsay

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Quote from: memehunter on July 31, 2024, 08:00:06 AM

Quote from: mak013 on July 31, 2024, 06:04:46 AM

Maximum allowed in calculation - 2.000.000.000 TXT. If it is real - maximum you ca invest is $2000(as their calculator think)
In the payout history the total amount is 3.600.000.000 TXT - $3.600 invested all the investors summary.
I don`t sure that there is such token on UNISWAP which they recommend to control the price of the token.
So decide yourself, but as for me - too much risks.

You are right; there is too much risk. One more thing to consider is that you might have to wager 5 times your investment before cashing out if it's your first deposit. If you have already fulfilled the first deposit wagering requirements, you might still need to wager 2 to 3 times, which is also a concern since Trust Dice is not clear in their policy regarding deposit wagering.

Have you seen anyone that was asked to wager theirs 2 to 3 times after completing the first deposits wagering requirement? I think they are pretty clear on that term there - I haven’t seen anyone come to the forum to complain that they were asked to still wager any other time after they successfully wagered their first deposit.

Eternad

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Quote from: junder on July 31, 2024, 08:23:04 AM

I have an account at Trustdice casino and have played a few times but it's been a while. What I know about Staking TXT is not very interesting, I only get TXT from the number of coins I have played and the staked TXT is not much. For more I reopened the Trustdice account and

You are pertaining to the locked TXT tokens which you can unlock slowly as rakeback on your games so the more you play the greater rewards you will get while the topic in discussion here is the Stake feature.

Quote

the percentage is small every day. In my opinion if OP are hesitant about the promised profits, it is better to try with the minimum amount, because the get rich quick scheme is just a title. You need to understand that investing in casino tokens so far has not given 100% profitable feedback.

That’s right, that 2% interest rate is just theoretical or potential interest rate but that doesn’t mean it’s the actual interest because it depends on the percentage of shares staked TXT token to the pool.

junder

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Quote from: Cantsay on July 24, 2024, 08:13:05 AM

I don’t have much knowledge about this staking of TXT for. Period of time to earn some dividends but I feel it would have been better if you had asked this question in their Ann thread.

I tried shuffling through ninjastic to try to see if I’d see any conversation that was held that’s related to this in their Ann thread but none of them were clear to me.

Concerning the issue of it being too good to be true, I’d still trust them more than other sites offering the same thing because they do have a means to generate the funds (through gambling) and also you’ll have to wager some amount to be able to get the TXT in the first place and then stake it.

I have an account at Trustdice casino and have played a few times but it's been a while. What I know about Staking TXT is not very interesting, I only get TXT from the number of coins I have played and the staked TXT is not much. For more I reopened the Trustdice account and the percentage is small every day. In my opinion if OP are hesitant about the promised profits, it is better to try with the minimum amount, because the get rich quick scheme is just a title. You need to understand that investing in casino tokens so far has not given 100% profitable feedback.

CryptSafe

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Quote from: coin-investor on July 26, 2024, 10:59:28 AM

Quote from: Potato Chips on July 25, 2024, 06:06:56 PM

Quote from: coin-investor on July 25, 2024, 10:30:23 AM

But if you check the conversion, it says $100 worth of TXT will make $2 worth of TXT profit. Correct me if I'm wrong about my conversion, supports use the symbol $, so 100 million of TXT is worth $100, and you make $2 of TXT OR 2 million TXT.
It's a very profitable plan if you invest $500 worth of TXT

[image]

The argument was that the calculator isn't close to accurate.

This was the rewards distributed yesterday. With these amounts, I don't think anyone is getting 2 bucks per 100 bucks daily.

But honestly, I'd be too anxious to touch this one if the 2% daily is true lol as I've only seen such numbers from scummy folks.

So, we can say that the support made an error in his explanation because the support was specific in using the symbol $ on staking and profit; I agree that a 2% daily profit is what we often see reported in the scam section because it's not sustainable.

I think it better for Trustdice support to come down here and offer an explanation, on a positive note we came to know this TXT of Trustdice, we who do not play on Trustdice are now aware of the existence of this token, so we have BFG, Hunny, Fun token and this TXT token that are backed by casino platform.

Possibly the the support must have made a mistake in explaining to OP how the system works through the returns explanations. I see the rate too high for a return on staking. Most casinos I have researched on have not really put up such percentage as a reward on stake for just a day. Although OP has a proof and point here to hold onto based on the live conversation with the support but however, having a look at the term's and conditions of service would be of good importance to OP if OP looks into it. That would guide OP better in drawing conclusions wether to go ahead in investing or not.

memehunter

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Quote from: mak013 on July 31, 2024, 06:04:46 AM

Maximum allowed in calculation - 2.000.000.000 TXT. If it is real - maximum you ca invest is $2000(as their calculator think)
In the payout history the total amount is 3.600.000.000 TXT - $3.600 invested all the investors summary.
I don`t sure that there is such token on UNISWAP which they recommend to control the price of the token.
So decide yourself, but as for me - too much risks.

You are right; there is too much risk. One more thing to consider is that you might have to wager 5 times your investment before cashing out if it's your first deposit. If you have already fulfilled the first deposit wagering requirements, you might still need to wager 2 to 3 times, which is also a concern since Trust Dice is not clear in their policy regarding deposit wagering.

mak013

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Quote from: memehunter on July 26, 2024, 06:12:27 PM

So, I was right in my hunch that it is indeed too good to be true, considering:

1. The token price might crash.
2. They can revoke or decrease payouts at any time.
3. While the platform in question running away with our money (or claiming to be hacked) is less probable (considering their reputation), I would say it's still a possibility.
4. Payouts can decrease if the site is not getting profits from the dice game.

This is exactly why I posted this in this amazing forum to get some insight on this 'get-rich' investment scheme. Now, it would be great if TrustDice could jump in here and clarify things as already suggested by other members. Until then, I am not going to invest anything and will advise others to do the same.

I can add something else that i researched.
Maximum allowed in calculation - 2.000.000.000 TXT. If it is real - maximum you ca invest is $2000(as their calculator think)
In the payout history the total amount is 3.600.000.000 TXT - $3.600 invested all the investors summary.
I don`t sure that there is such token on UNISWAP which they recommend to control the price of the token.
So decide yourself, but as for me - too much risks.

JiiBs

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Quote from: memehunter on July 24, 2024, 07:06:16 AM

They are offering 2% daily returns (no time limit) and you can unstake and cash out any time. Is it too good to be true? I seek advice from reputed and knowledgeable members of this forum.
Below is the proof;

When it’s too good to be true like you’ve already acknowledged, you leave it be. This is what is well known by any security concerned crypto investor. Don’t go hunting what’s too good to be true and end up loosing everything. If it’s got value, it wouldn’t be so easily given away.

You might want to move this thread to the reputation board though, I think it’s the best place to be.

AmoreJaz

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Quote from: memehunter on July 26, 2024, 06:12:27 PM

So, I was right in my hunch that it is indeed too good to be true, considering:
1. The token price might crash.
2. They can revoke or decrease payouts at any time.
3. While the platform in question running away with our money (or claiming to be hacked) is less probable (considering their reputation), I would say it's still a possibility.
4. Payouts can decrease if the site is not getting profits from the dice game.

This is exactly why I posted this in this amazing forum to get some insight on this 'get-rich' investment scheme. Now, it would be great if TrustDice could jump in here and clarify things as already suggested by other members. Until then, I am not going to invest anything and will advise others to do the same.

The above-mentioned items are common when it comes to staking of any token or coin. As the price of your coin holding depends on the market price, you are just left to wish that they will increase over time. Hence, the decision to stake their token is on your hands. And whatever the repercussion will be, you will shoulder its aftermath. This is not only true to casino tokens, it is the same as with other regular tokens or coins offering staking rewards. The mentioned risks are always there, and it is for you to gauge whether it is worth your time and resources to invest in a staking project.

Odusko

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Quote from: _act_ on July 25, 2024, 03:50:11 AM

Quote from: Coin_trader on July 24, 2024, 08:02:21 AM

Quote from: memehunter on July 24, 2024, 07:06:16 AM

They are offering 2% daily returns (no time limit) and you can unstake and cash out any time. Is it too good to be true? I seek advice from reputed and knowledgeable members of this forum.

Do you get the reward? I don’t see a problem here if they pay user based on the percentage they declared. It’s their business and probably your reward is on TXT tokens too which they have tons of supply.

The highest reward that I have seen before which I went for and that I am still doing is my bank 20% APY earning. The money will be in my bank account and the earning would be credited daily. When I first saw this at the beginning of this year, I even doubted it. Yet that is 0.0547% daily profit. If a profit is as high as 2% daily, I do not know how that site is, I can not invest. When I first saw this thread, what I thought was that maybe the OP is accessing a fake Trustdice site.

We should not get carried away all the time because of what the figures in returns are as regards to staking of any coin and in any platforms, although Trustdics is a well known casino so the possibility of being able to pay investors such rewards is high and I won't doubts that possibility, but then there is a need to read all the entire terms and conditions and what are required to make such total daily 2% earnings, most comments have pointed to a single direction which is the discussions around the possibility of Trustdics being able to pay such rewards as promised, but not many have taken the time to State what the term and condition that an investor must meet up with before he she can earn such amount in rewards on staked coins.

memehunter

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So, I was right in my hunch that it is indeed too good to be true, considering:

1. The token price might crash.
2. They can revoke or decrease payouts at any time.
3. While the platform in question running away with our money (or claiming to be hacked) is less probable (considering their reputation), I would say it's still a possibility.
4. Payouts can decrease if the site is not getting profits from the dice game.

This is exactly why I posted this in this amazing forum to get some insight on this 'get-rich' investment scheme. Now, it would be great if TrustDice could jump in here and clarify things as already suggested by other members. Until then, I am not going to invest anything and will advise others to do the same.

Topic: trustdice.win Offering Unrealistic Returns on Staking their Token (TXT) (Read 641 times)