I decided to start a serie of posts about my investments in the STEEM ecosystem as a lot of you don't have information on all projects going on in our great ecosystem.
Most of the projects I invested in are available through Steem-Engine
My first and favorite investment is EpicDice (EPC)
You can find their website by here
This is a gambling dapp (dice game) which is rewarding daily Token holders with 50% of its earnings.
Meaning if the House earns 100 STEEM on a given day, 50 STEEM will be given as dividends to EPC Token Holders !
Warning and Disclosures !
I am not a financial advisor and I am just sharing my own opinion. I currently hold a lot of EPC and as an honest person, you should definitely know that before reading the rest of my investment thesis.
I would like to tell everyone NOT to play more than you can loose. Gambling is a SERIOUS addiction and can make you very unhappy, so please do not play if you know you can stop playing.
Fairness of the game
As I am not a software engineer, I had to trust other people but thanks to the STEEM Blockchain, every roll can be audited
As they state:
Every dice result is generated with a secret server hash and transaction ID from Steem blockchain. The real server seed will be revealed every 2 minutes so players can verify the dice result by insert the Transaction ID of the bet.*
Full link with the program to audit your rolls here:
Dividends and Tokens Page
As you can see, at the moment the House is earning 301+ STEEMs, as said previously 50% goes to token holders, as I have c.4% of the EPC Tokens, I will get 4% of the 150.508 STEEM that goes to Token holders.
As you can see, I have been paid already 344 STEEMs as dividends.
Current Supply and Maximum Supply
At the moment, 8.344% of EPC have been distributing and as you can see on this photo, the amount of EPC you are mining halves every 10% of the supply being released to players, SP delegators.
Therefore when we will reach 10%, you will earn 50 EPC for every STEEM waged, this will make your current EPC more valuable and "mining" a.k.a gambling less "EPC luccrative".
This is very positive for EPC price in the short (only 1.5% left before the first halving) and long term !
Trading and EPC on Steem-
I bought my first EPCs a month and a half ago after reading a post on Steemit. I bought them under 0.0001 Steem/EPC and tried to gather a nice stack since then.
What's impressive on the picture above is the BUY Wall you are seeing.
Many tokens on Steem-Engine, lack liquidity. Meaning if I had 1000$ of ABC Token and wanted to sell, it would take me a LOT of time and I would end up selling the last ones for a penny.
This photo shows that a lot of buyers are positionned to buy EPC "if" prices go a little bit lower, I guess some others also believe in this token.
What to expect from now on?
- Halving after just 1.5% more supply being distributed should help prices go up as it will be more and more difficult for players to get their hands on a lot of EPC tokens
- The team has been talking about a new game in development that should be live soon (then to define "soon" is something else :) )
- More dividends thanks to the new game maybe ? Also, maybe more players?
If you would like to try out, please use this link: https://epicdice.io/?ref=vlemon, then write a comment, and I will send some upvote your way ;)
Visit their website here