Are you looking for a way to grow your tokens without having to gamble or trade?

Look no further!

Dice now has a banking system on the platform!

Become a banker instantly by depositing tokens to your Dice platform balance.

What tokens does the banking system support?

Initially, you can only deposit EOS and DICE. This will be expanded in three phases. First, we will add support for all tokens that have been listed on the platform. Second, we will be releasing an update to support the deposit of any EOS-based tokens. If a token is not already listed on the platform, it will automatically become available to wager for all games once a sufficient bankroll has been established, and the token is listed on Newdex. Third, we will add support for other blockchains (BTC, XRP, etc).

How is interest paid out?

Interest is paid out on a per-token basis, in the same token that is invested, based on other users playing with that token.

For example:

If you deposit EOS, you will receive interest in EOS, only when users play with EOS.

If you deposit with DICE, you will receive interest in DICE, only when users play with DICE.

How much interest will I receive?

The interest you receive is effected by the volume and house edge for wagers, on a per-token basis, and by the ratio of your deposits versus the total bankroll.

This is similar to how the payout pool distributed to staked DICE holders operates, except instead of staking DICE to receive a payout of all tokens, you deposit a specific type of token to receive interest in that specific token.

Interest is paid from the 50% of Theoretical Net Profit currently allocated for Bankroll/Cost. This means the banking system will have no impact on payouts made to staked DICE holders.

Also, since interest is paid based on the theoretical net profit instead of the actual net profit, this means that there is NO RISK and ensures the interest rate will always be positive.

The amount of the interest you receive for a specific token will also depend on the ratio of how much of a specific token you have deposited versus the total bankroll for that specific token.

The historic interest rate, displayed as an annual percentage rate, can be found on the wallet page.

How is there no risk? What if the house has a short-term loss and all users try to withdraw funds at the same time?

The house edge built into all games ensures that in the long run, the house will always make a profit. By depositing funds to the platform you become a "Banker", part of the "House", and therefore are given a portion of this profit. If actual net profit is negative, users will still be paid interest based on the theoretical net profit, meaning interest is paid even when the house is losing. In the unlikely case that all users who have deposited a token desire to withdraw simultaneously and there are not enough of a given token to cover all withdrawals, the team will purchase tokens to cover the withdrawals (in the event of a short-term fluctuation causing actual profit to become negative).

This situation is highly unlikely for tokens such as EOS and DICE, where our personal bankroll will provide the liquidity for users to withdraw in the short-term periods where actual profit may be negative. However, it could occur with smaller tokens, where much of the bankroll may come from user deposits. If this situation does arise, the team will purchase any tokens needed to fulfill user withdrawal requests.

Will I receive interest when people play 3rd-party games?

Yes. For 3rd-party games, the fee that the 3rd party developer is charged for listing the game is used as the "house edge" when calculating interest. Even though 3rd-party developers are not given access to the bankroll, bankers will still benefit when users play 3rd-party games!

How do I participate?

Participating is very simple. All you need to do is deposit any token to your Dice platform balance. This can be done from the new "Wallet" page, or by "recharging" as you would when playing Blackjack or Poker.

After depositing, you will begin generating interest as soon as anyone plays on the platform using the same type of token that you have deposited.

www.dice.one

Chat with us on Telegram! https://t.me/dice1_en

Follow us on Twitter: https://twitter.com/dice1_en

For all announcements, please subscribe and join https://t.me/dice1news