Finally There's Dice on Steem! Play, Invest & Refer Friends on Magic Dice

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The success of any given blockchain can be determined by looking at the amount of practical use-cases it has. Dice games were among the first types of applications that were developed to run directly on many different types of blockchains. Dice games are usually the first applications that pop up after a new blockchain is launched, take EOSBet as an example.

We have not really seen dice games being developed specifically for the Steem platform, well, not before Magic-Dice at least. It's kind of surprising that it took so long, since it's so easy to create a dice game and the potential for making profit is huge.

There already was the option of playing dice with Steem on Luckygames.io, but the dice game itself doesn't use the actual Steem blockchain.

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Playing on Magic-Dice

Placing a bet on Magic-Dice is incredibly easy. You can move the slider to change your potential win amount and you can bet using either Steem or Steem Dollars. Once you press the "Roll Dice" button, you can automatically send your bet using SteemConnect or Steem Keychain.

I have played a little bit myself and made a tiny bit of profit. After I placed my first couple of bets, I checked whether they were provably fair, which was the case.

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Magic Tokens

Every time you place a bet on Magic-Dice, you will also receive Magic Tokens. These tokens are part of Magic-Dice's profit redistribution scheme, which enables you to earn Steem for your stake on Magic Dice.

The fastest way to earn a lot of Magic Tokens, is by delegating some Steem Power to Magic-Dice. You will earn 100 Magic Tokens per day, for every 100 Steem Power that you have delegated to @magicdice.

Magic Tokens will be turned into an SMT once that option becomes available. In the meantime, you can already send your received dividends to your own Steem account. You will receive 40% of the daily profits, as a Magic Token holder. These are divided proportionally, depending on the amount of Magic Tokens you hold.

You can find more information about Magic Dice dividend payouts on their website

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Referrals!

I'm mainly interested in Magic-Dice because they have a very lucrative referral program.

When you refer a new user to Magic-Dice, you earn 10% of the house-edge on all their bets. That's not all though, you also earn an additional 10% of their entire bet as Magic Tokens.

Referral rewards will be sent to your account every day.

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Conclusion

Magic-Dice finally offers people a way to play dice on the Steem blockchain! Ideally, I'd want to see auto-roll functionality added, so you can relax while doing multiple bets in a row. Aside from that, the game works great and is a lot of fun to play.

For investors, Magic-Dice allows you to invest your Steem Power into something other than Bid Bots. You're able to invest in a product that does not influence the workings of the Steem Blockchain in any way.

I'm already seeing some great pretty decent activity, with relatively high wagers being made. This shows that there's an enormous potential for profit here.

All links in this post are referral links, you may choose to use them if you enjoyed reading this post!

Comments & Re-steems are always appreciated!

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