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RE: Magic Dice v1.3 - The MAGIC Token - Earn dividends by playing Dice

in #steemit5 years ago (edited)

Few questions:

  1. Why dividend will start in February when it's been accumulated every day?

  2. Is there any date planned in Feb for first dividend? What's that?

  3. What will be the feequency of payout thereafter - daily, hourly or in real time?

  4. What if I delegate you today and take back my delegation before Feb.? Will I receive dividend for this period?

  5. Where can I see the accumulated dividend pool on a daily basis before you start paying it out?

  6. Is there any provision for burning tokens in the future? Please provide details regarding that too.

  7. Will you contribute the house edge for all future games to dividend pool too?

  8. Are you considering to distribute dividends proportionately to all 7 billion tokens or just the tokens in circulation at the time of a given dividend cycle?

  9. Would you be holding 2.1 billion tokens from day one or your share of tokens will always constitute 30% of the total circulating supply?

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Oh and I forgot to ask a couple more questions:

10 Will the age of tokens with the token holders be considered for the first dividend payout or token held today and tokens held just a day before the first payout will be considered equal?

11 Will you distribute all accumulated dividend in your first dividend itself?

That's a lot of questions.
A lot of them are already answered in the post.
We are going to release more information about the tokens/dividends in February.

Like we mentioned in the post, the dividend payout will start in February. Probably in the first or second week of February. No dividends before that, only token distribution for now.

We just launched the token and we have to distribute it first. The dividend payout code isn't ready yet. We are currently in the growing phase and it is important to build a larger bankroll to support larger bets and more games. That will increase the dividends for all players long term.

We are at an early stage and you will need more patience. The MAGIC token isn't a pump and dump token or get rich quick scheme like many other tokens. You will receive steady dividends with the token.

I appreciate that you've got a long term vision for the development of this platform.

I'd be glad if you can throw some more light on Q. 9th & 10th:

9. Would you be holding 2.1 billion tokens from day one or your share of tokens will always constitute 30% of the total circulating supply?

10. Will the age of tokens with the token holders be considered for the first dividend payout or token held today and tokens held just a day before the first payout will be considered equal?

Thanks in advance!