UPDATE: EPC is the new official token in EpicDice, it has successfully swapped with the previous EPIC token due to some unexpected incidents in the first launching day. To ensure a fair distribution, we had no choice but tie the game to a brand new token.
We took a new snapshot from all wager ever placed on the game and distributed EPC using early bird mining rate (1 STEEM/SBD : 110 EPC). Thanks for the support along the journey.
EpicDice is a decentralized dice game built on top of Steem blockchain which aims to provide a refined gambling experience while keeping simplicity intact.
Epic Token is officially live
The detail specification of EPIC token can be found here if you have missed that.
The only possible way to issue a new EPIC from the contract is via placing a wager in the game. For every new issuance of EPIC, 60% goes directly to players and 40% goes to house, while 10% of house holding will be given out through various events such as delegation reward, contest, and more.
The token system is created with simplicity in mind, and yet it works. No locking, no stacking and whatsoever. There is only 2 kinds of EPIC token, the one that remains unmined in the contract and the one that is mined. Every token is equal. In case you are not aware, EPIC token is outright tradable and transferable. Token holders can trade freely in DEX, manage the token in Keychain and Steempeak, as well as many more services that would support Steem-Engine.
Early bird mining rate has ended
We did a snapshot for early bird players right before the token launch and distributed the corresponded amount to each player. For the sake of keeping this post clean and to-the-point, you may refer to the snapshot here as we have over 250 players currently. Bonus mining rate ( 1 STEEM/SBD : 110 EPIC) has ended followed by the default mining rate ( 1 STEEM/SBD : 100 EPIC) taking effect immediately.
Daily dividend with absolute transparency
EpicDice is the first gambling platform on Steem with a real transferable token and daily dividend system, which designed with never-seen-before transparency. Now everyone is able to audit and keeping an eye on the house in case there is any wrongdoing, as everything is exposed under the sun. This how the dividend works:
In the period between Start and Cut-off (UTC 15:30), strictly game transaction is allowed in official gaming account @epicdice. At the Cut-off point of time, the system will calculate the final house profit by
closing balance - opening balance. Half of the profit will go to the dividend pool and pay immediately to token holders, no manual claiming is needed. The amount of EPIC holding by player will be determined at the same time as well, regardless of how frequent he traded/transferred the token during the active window.
For example, Tom earned 1000 EPIC from betting in the game. One hour before the Cut-off time, Tom decided to buy in another 500 EPIC from the market to increase his share. At Cut-off time, the effective holding amount by Tom is 1500 EPIC and he shall be paid accordingly.
Another example, Alex sends all his 1 million EPIC to Tim who has never played the game. At Cut-off time, Tim will get paid with respect to the share granted by the 1m EPIC, while Alex will get nothing.
Simply put, the more EPIC one is holding, the more daily dividend one is getting, even without playing a single bet. We believe this can promote the demand for EPIC in long term, hence hopefully boosting the market price and overall token economy.
Dividend payout is not promised
Yes, the fact is house might not be winning every day. In the event house is losing money(negative profit), there is no dividend payout for the day. In other words, players share the profit when house is winning while costing none when house is having a bad day. We bet you can't find a better deal elsewhere.
Earn EPIC via delegation
Gambling might not the thing for everyone, you can still earn EPIC via delegation. Every 1 SP delegation earns 1 EPIC daily. It takes one day for the delegation to be effective in order to receive the dividend, from the moment of delegation. This is the only way to be part of the dividend pool shareholders beside betting.
Resteem for 50 STEEM
Resteem this post to stand a chance to win 50 STEEM! One winner will be chosen randomly after 7 days when this very post is expired. If you have at least 200 followers and 40 reputations, just resteem this post and you will be in the list which we will be used for winners picking via a provably-fair method.
Spread the word and have fun in the game!
EPIC token will be running on the sidechain of Steem, aka the Steem-Engine. While the project is innovative and very ambitious to better the Steem ecosystem, it is still in its infancy and the devs are improving it every day. Should there are any technical difficulties of sidechain hindering the distribution of EPIC, we will try our best to follow up and get the issue resolved. However, players should understand that EpicDice does not hold the responsibility of sidechain's health.