A 350 US dollar dividend for a 10 Etherum investment? That seems way, way low.
Is my math really this bad?
10 ETH = 3600 USD.
If they raise 15 million USD, 1 token will be 0,15 USD. (page 21 in the white paper)
If they raise 20 million USD, 1 token will be 0,20 USD. (page 21 in the white paper)
The lowest goal BitDice is aiming for in their post ICO forecast scenario is $0.11 USD dividend per token. (page 20 in the white paper)
3600 USD (10ETH) buys 24,000 coins at 0.15 USD. 24,000 * 0,11 USD = $2640 USD dividend. Or a $660 dividend per quarter.
3600 USD (10ETH) buys 18,000 coins at 0.20 USD. 18,000 * 0,11 USD = $1980 USD dividend. Or a $495 dividend per quarter.
Am I wrong?
How did you get to your number crypto_warrior?
First of all, I think your calculations are correct, but only based on a big assumption that the forecast will be correct. But that's how dividends work. Dividends are a share of profits; in this case 70% of total net profits at each distribution. Theoretically, a dividend system could mean you get nothing if no profits are realised. However, we all know BitDice's track record so we can look forward to a high-performing investment.
Secondly, a $350 return on a $3,600 is just short of 10%. I can tell you right now, there are precious few dividend-sharing investments out there in the real world that give that amount in a year. This is only 3 months!