How to earn passive income in Steem with Magic Dice

achim03 (63)in #steemit • 5 years ago

Earn passive income with.jpg

I would like to present you a way to earn passive income in Steem using the website Magic Dice.

I'm no fan of gambling and I won't show you a way to earn money while gambling. I will show you how you can earn dividends from the website Magic Dice.

Earn daily dividends

Every day Magic Dice generates a certain profit due to the edge of the house. Around 40% of this profit is distributed daily among all the holders of Magic Tokens. It is very recently that this Token has become avaliable and at the moment only 21.4% of all the tokens are in circulation. Once you have Magic Tokens they will be valid for ever and pay you dividends as long as Magic Dice is able to generate a profit.

This post as video:

How to get Magic Tokens?

There are 3 ways that you can earn Magic Tokens. You can delegate 100 SP to the site and you will get 100 Magic Tokens every day. You can also get Magic Tokens form the people that you refer to the site and from their gambling.

The easiest way to earn Magic Tokens is to gamble yourself. For every Steem that you bet, you will get 25 Magic Tokens. The more Tokens will be in circulation, the less you will get for every Steem that you gamble.

So it is important to start collecting Magic Tokens immediately.

Tradable assets when SMT are implemented on Steem

Once SMT's become available on Steem, the Magic Tokens will become SMT's and they will be tradable or transferrable. So it will be probably be possible to buy or sell these Tokens at a later stage.

A very defensive Gambling strategy to earn as many Magic Tokens as possible with little investment

My aim when I gamble on Magic Dice is not to make a big win. I want to earn as many Magic Tokens as possible with the minimal investment. For that I use a very defensive gambling strategy. I put the winning area from 0 to 95. So I win each time the dice shows a number between 0 and 94. Like that my winning chances are 94%. This doesn't mean that I don't loose. The house always wins otherwise they couldn't pay dividends. But like that I loose very seldom and it is easy to calculate how many steem I will need to invest to get Magic Tokens.

The distribution rate will be halved every time 5% of the tokens have been issued.
Source: Magic Dice

So hurry up and start to earn passive income with Magic Dice now !

#steem #cryptocurrency #money

5 years ago in #steemit by achim03 (63)

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followforupvotes (64) 5 years ago

As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!

^{Looking for some fun games to play on Steemit? Try your luck with Magicdice}

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minnowsupport (70) 5 years ago

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by achim03 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

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fucho80 (71) 5 years ago

Dear @achim03, very good information that we deliver through this post, but when one is from Venezuela and need any source of extra income that can get.

I am sure that in the future those tokens will be redeemable and we will have a good reward if we start collecting now.

Thanks, you're very kind!

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