Launching the Highest Paying Dividend System – Equipped with the first-ever Token Buyback Program to distribute even greater rewards to our Steem community.
We are proud to launch the Highest Paying Dividend System, in which 70% of the profits will be distributed daily to our community token holders. As a token of appreciation to the Steem community, we have also incorporated the first ever Token Buyback Program, which will increase the GAMER token value steadily in the longer term.
Dividend Program Features
All players can view the next day’s total upcoming dividends as well as their expected share of dividends in real time in their Dividends tab of their dashboard.
Dividend Distribution will happen daily at 8:30 AM UTC as per the token balance snapshot of each account taken at that time (8:30 AM).
Referrals: 10% of the House Edge (1%) of Dice, 20% of the House Edge (0.5%) of Blackjack and 10% of the House Edge of Video Poker (1%) is given out as referrals. In other words, 0.1% of the total wagered bet amount is given out as referrals.
Insurance: Statistically, 9 out of 10 insured bets of 10 Steem such as Roll Under 11 (10% probability) will be a loss and thus costs us 90 Steem (0.9 Steem per insured bet) since we have to return the loss amount as insurance. Taking into account the growing number of insured bets (100+), 0.05% of the total wagered bet amount is given out as insurance.
Token Buyback: 0.05% of the total wagered amount will be kept for token buyback. Token buyback will be a monthly buyback in which the GAMER tokens with the lowest value will be bought from the market and will be stored in ‘kryptogameapp’ account for transparency. The time of buyback will not be disclosed in order to prevent market manipulation and token dumping.
Guaranteed Dividend Distribution based on total wagered bet amount
- The house does not make profits every-day. However, after 10 Million wagered Steem, we have experienced that in the long term the house ends up with the profit very close to the house edge of the game.
- Hence, for the greater good of the community, we have decided to incur the temporary bad day losses to our account and reward our players with daily guaranteed dividends depending solely on the daily wagered bet amount and not on the fluctuating profits/losses of the house thereby granting them a more stable daily income. Now that’s exciting!
- After subtracting the above cost calculations, 70% of the net profits will be distributed daily to the community token holders in their unclaimed section of dividends. “Claim” feature is incorporated to benefit “Minnows”, who earn less than 0.001 steem daily, so that they can accumulate and claim their dividends when it reaches the minimum payable amount (0.001 Steem). Also, this will reduce the load on our servers for smooth operation of our platform.
Staking will be enabled in the future in order to increase the token value.
IMPORTANT: All token holders should hold tokens in their account at the time of daily snapshot (8:30 AM UTC). In other words, Tokens that are in the pending order-books of the trading market of Steem Engine will NOT be eligible to receive dividends.
- Max Payout has been increased to 1000 Steem for Dice and Blackjack and 2500 Steem for Video Poker and Max Bet has been increased to 400 Steem for all games.
- UI changes have been implemented as per community feedback.
- Some Performance Bug Fixes have also been done.
For any questions, feel free to contact us on Discord
Thanks again for your tremendous love and support all this time. We would not have made this far without you guys.
Stay Happy! Stay Motivated!