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Topic: trustdice.win Offering Unrealistic Returns on Staking their Token (TXT) - page 2. (Read 641 times)

hero member
Activity: 1162
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BTC, a coin of today and tomorrow.
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.

Yeah, I'd say so as well. I had my fair share of encountering support agents who don't know the platform fully well so this could be another case of that -- they're probably outsource folks. Though I guess we can cut this one some slack because of the calculator.

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Some support agents, although a few don't know much about the project. In some cases, the support agent deliberately gives unclear information to lure people to bet or participate in what they do not actually understand.
Besides, I don't think that anyone could hold the support agent responsible for misinformation when the ToS and FAQs are available.
sr. member
Activity: 1022
Merit: 363
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.

I really doubt that casino can keep up paying 2% daily on investment. I will be depositing now for investment if this is true but I have speculation that this all just a misunderstanding. Even the support reply on his question is just a rough estimate on the maximum profit he can get and not the actual profit.

I think that the 2% per day interest is the original profit sharing that decreases depending on the number of staked tokens on the pool. They probably sharing on the pool that rewards 2% profit if only 1 person stake.

I participate to a lot of 2% investment scheme before and all of falls down its because its not sustainable. That's the reason there's some confusion on my side regarding on how trustdice could able to sustain this since its like for this kind of offer they are running a ponzi schemes with this. But hopefully every just confuse about the offer and also the support answer to this questions been asked by people.

So it will be good if they clarify so that lots of people here would get a clear answer coming from them. But also that's what I know from staking which reward decrease over the time so let see if lots of people would confirm and give more valuable answer thru what they experience if they try this offer.
full member
Activity: 162
Merit: 104
2 percent daily returns seems too real to be true though I don't know if they have token or not but to me i don't trust on anyone even representative can do what is cultured for. Most times it good to contact a reliable personnel.
hero member
Activity: 2786
Merit: 902
yesssir! 🫡
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.

Yeah, I'd say so as well. I had my fair share of encountering support agents who don't know the platform fully well so this could be another case of that -- they're probably outsource folks. Though I guess we can cut this one some slack because of the calculator.

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I think it better for Trustdice support to come down here and offer an explanation,

That would be the best case scenario indeed. Lemme try to get their attention as they seem active-ish, hopefully they chime in this thread!
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 2786
Merit: 902
yesssir! 🫡
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.
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
The numbers don’t really add up. The calculator says you will earn 2% but if you scroll down on https://trustdice.win/txt/payout it shows that the total rewards to stakers is less than $100 and there are over 3.6 billion tokens staked.

The confusion might be because the profit calculator assumes that 1 million TXT tokens is worth $1 when in reality it is $24 according to the exchange rate on Uniswap. If you earn $0.02 for 1 million tokens worth $24, you are only earning 0.08% daily.

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

legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
The confusion might be because the profit calculator assumes that 1 million TXT tokens is worth $1 when in reality it is $24 according to the exchange rate on Uniswap. If you earn $0.02 for 1 million tokens worth $24, you are only earning 0.08% daily.
Or it is no confusion at all, but a way to market the staking to be offering 2% daily rewards. If this is a deliberate act to make the project more attractive, then I would advice anyone not to go for it.

0.08% is a more reasonable reward and much more sustainable for the company but not as attractive as 2% daily.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
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.

I really doubt that casino can keep up paying 2% daily on investment. I will be depositing now for investment if this is true but I have speculation that this all just a misunderstanding. Even the support reply on his question is just a rough estimate on the maximum profit he can get and not the actual profit.

I think that the 2% per day interest is the original profit sharing that decreases depending on the number of staked tokens on the pool. They probably sharing on the pool that rewards 2% profit if only 1 person stake.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
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.
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino
The numbers don’t really add up. The calculator says you will earn 2% but if you scroll down on https://trustdice.win/txt/payout it shows that the total rewards to stakers is less than $100 and there are over 3.6 billion tokens staked.

The confusion might be because the profit calculator assumes that 1 million TXT tokens is worth $1 when in reality it is $24 according to the exchange rate on Uniswap. If you earn $0.02 for 1 million tokens worth $24, you are only earning 0.08% daily.
hero member
Activity: 2926
Merit: 567
The risk here is the market value of TXT, if we spend $100 and get $2 daily that can change if the token value drops 50% then we will be with $50 making $1/day. I'm not sure how the variable that market is, i tried to search for the token in coinmarket cap, but couldn't fund anything about it, i think isn't listed there.
It's not yet listed; you can only buy and sell it on Uniswap. Here is information about this token and where you can buy and sell it. Only gamblers who play on Trustdice are aware of this token, but it's a good opportunity for additional profit. 2% daily from a stable company is a good profit.
https://trustdice.win/blog/how-to-buy-and-sell-txt-on-uniswap

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And the thing about staking is, while more coins are mined then the reward is lower. maybe today is 2% but with time that percentage will drop. I'm not sure, but it is worth reading more about the topic, because 10% 5 days sound too good to be real.
If done by an unknown company, it is a high-risk investment, but it is Trustdice, and it is on their native token, and they have a good reputation here and a good standing in the industry. I will check it later, but with this profit percentage, it's a big attraction for players to try out Trustdice.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
Obviously this isn’t sustainable. If anyone could make 2% per day in profits, they wouldn’t need any sort of business or customers. They’d just get insanely rich and move on with their lives. Whenever you see yield promises you have to ask where the yield comes from and if it isn’t sustainable, your investment is the yield.

Probably that will decrease when more and more people are joining the program.
The computation is merely based on the 50% profit on a daily basis as per stated in the rules.

​​How many rewards can I receive every day?
It depends on the amount of TXT you staked. The more TXT you staked, the more rewards you will get.

The staking pool consists of 50% of Dice game profits.

At 09:00 UTC every day, a certain percentage (1% EOS, 1% BTC, 1% ETH, 1% USDT) of the staking pool will be paid to the TXT holders based on the amount of TXT they staked. You can also calculate your potential rewards on the “Stake” tab of the TXT page.

So more like the amount your stake is gonna be converted to the percentage of share IMO. At the early stage, it could be profitable, but factor such us drop of TXT value might affect your profitability since it's not yet listed in more liquid exchange like Binance.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
Am not that familiar to what is TXT staking but since trustdice is still one of the gambling site that has representative and active signature here I believe that they are in a good percent to be trusted(but also remember that even best casino sometimes have their scam exit from a long time of operation, not saying if they are one of them but consider everything before depositing and trying this offer)

but also if this is a consistent percentage to take on ? or depending in the value and the movement of TXT?
legendary
Activity: 3346
Merit: 3130
The risk here is the market value of TXT, if we spend $100 and get $2 daily that can change if the token value drops 50% then we will be with $50 making $1/day. I'm not sure how the variable that market is, i tried to search for the token in coinmarket cap, but couldn't fund anything about it, i think isn't listed there.

And the thing about staking is, while more coins are mined then the reward is lower. maybe today is 2% but with time that percentage will drop. I'm not sure, but it is worth reading more about the topic, because 10% 5 days sound too good to be real.
hero member
Activity: 1106
Merit: 526
Leading Crypto Sports Betting & Casino Platform
Obviously this is just a format t get the attention of investors and if you want to know better, you can go on to read the FAQ of the staking and how the system make their pay out at the end of the month and how much rewards each staked receive and what the conditions are to getting that outcome, most times we need not to take captions and headlines title serious without reading the entire body of the context.
We should not be desperate or seen as desperate in our approach to thing's as regards to investment and the potential rewards in profits, because scammers can only get to you according to you dept of desperation and greed, so if there is none of that, one will not have any issues.
legendary
Activity: 3052
Merit: 1281
Get $2100 deposit bonuses & 60 FS
They have been doing this since last year, and Trustdice is still up. They managed to hold on to their reputation and still make a profit until now; I'm sure they will not offer that kind of return if they cannot sustain it. They are doing this to attract many players to play so they can claim their native token, TXT, and stake it.

It may look unrealistic, but not for a casino platform with a good standing in the gambling industry; I see it as a gesture of generosity to their community.

True, as I read the FAQ and the discussion, it seems the reward is dependent on the profit on a certain game (dice) and distributed to the stakers.  I do think this kind of approach will be sustainable in the long run since it is based on the possible profit of dice. 

The support staff probably gave a shortcut explanation which I think is somehow misleading and gives @OP confusion, the reason why this thread was created. 

Sometimes those support agents are confused and can promise what is not, all you need to do is to take extra step to read through the terms of service on Trustdics because that is the only way you can determine what is uptainable in such a service or promotion, although the potential rewards of 2% is unbelievable but I know when you read through the terms and conditions you will understand all that it takes to achieve that potential rewards.

I also think that the one @OP had chatted with is confused since the information that the support agent told @OP is different from what is written on the FAQ.  My initial reaction when I read their conversation was the casino can't sustain such reward but reading the faq and finding out that it was just a potential reward and not a fix reward as the agent stated changed my thought.
legendary
Activity: 3416
Merit: 1225
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They have been doing this since last year, and Trustdice is still up. They managed to hold on to their reputation and still make a profit until now; I'm sure they will not offer that kind of return if they cannot sustain it. They are doing this to attract many players to play so they can claim their native token, TXT, and stake it.

It may look unrealistic, but not for a casino platform with a good standing in the gambling industry; I see it as a gesture of generosity to their community.
hero member
Activity: 910
Merit: 507
Sometimes those support agents are confused and can promise what is not, all you need to do is to take extra step to read through the terms of service on Trustdics because that is the only way you can determine what is uptainable in such a service or promotion, although the potential rewards of 2% is unbelievable but I know when you read through the terms and conditions you will understand all that it takes to achieve that potential rewards.


Trustdice have a good reputation here on this forum so I am sure getting information from them as regards the TXT staking and rewards calculation, ops can contact them also on their ANN thread here in the gambling board.
jr. member
Activity: 463
Merit: 4
I will tell you why it sound to good to be true. You will really get 2% daily BUT in their Website they say 1 million TXT is 1$ and you will get 2% daily but in other currency so for example if you stake 1$ TXT then you will get 0.02$ worth of other currency daily but the problem is to get 1 million TXT (1$) because if you want buy 1 million TXT then it cost you 45$ in uniswap so in reality you pay 45$ but they say its 1$ and then you will get 2%(0.02$) from the 1$ daily but you have pay 45$ for this "1$"
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