Post
Topic
Board Gambling
Re: LetsDice.com - Now with 500 BTC Jackpot!
by
Martin Gale
on 29/10/2013, 09:30:17 UTC
Two days from now, a new bankroll distribution scheme will go into effect. Some notable changes:

  • We are getting rid of the referral rewards scheme. No longer will players receive payments based on the wagered amount of those below them in the player tree. Instead, each day's top bettors will receive a portion (0.7%) of the total daily wagered amount.
  • 0.3% of the daily wagered amount will be used to refill the jackpot.
  • 0.294% of the total daily wagered amount will be distributed to shareholders in the form of dividends.
  • 0.664% of the total daily wagered amount goes to refilling the bankroll

When we instituted these changes, we gave our shareholders the opportunity to sell back their shares to me at their IPO price of 0.01 BTC per share, in case they were not satisfied with the new bankroll distribution scheme. This means that we still have some number of shares which are available for purchase. If you would like to purchase shares, please email me at martin.gale888@gmail.com

As one of our shareholders pointed out to me, the new investment scheme causes LD shares to drive their value from the size of the site's bankroll, rather than from their dividend payouts. Because of this, we will soon be listing LetsDice shares on a few bitcoin stock exchanges. Please stay tuned for more information on that.

Thank you all,
Martin