RE: The Generosity of Steem Based Casinos
I think there is a bit of confusion about our dividend structure.
So to clarify:
All 5B tokens are in distribution. Cupz (the enitity) initially owned all tokens.
Players are awarded Cupz tokens for playing Cupz at a rate of 500 per Steem wagered and 1 Cupz per SP delegated per day.
Players can also earn Cupz from the daily leader board and other offers.
Eventually 60% of all available Cupz will be transferred from Cupz (the entity) to players through wagering Steem. 10% will be owned by players through offers and promotions. The rest will be reserved for Dev costs and team members ie. 30%.
Profit is calculated on commission charged for each Steem wagered and that profit is shared between Cupz holders in proportion to their holdings of the total amount.
Regarding the referrals: they have nothing to do with the Cupz distribution. Referrals are calculated at 10% of the commission on a winning game.
Our commissions fees:
1% Schrodinger's Cup
2% Three Cupz
2% Dice
2.7% European Roulette
5% Raffle
Thanks for your reply. Am still trying to figure out how much of a players loss goes to the house. Are 100% of profits after referrals paid to dividend holders, or does the house keep some before distribution to CUPZ holders?
Please clarify what you mean by
Who is winning so losing games don't pay divs?
Since cupz owns all the tokens, what % is being released to the team (distribution timeline) , does the team get a full 30% right away or do they get 30% of the overall % of distributed tokens? Also, will undistributed tokens held by cupz pay dividends to cupz? Maybe a post could answer some of these questions.
Thanks!
Do you pay out dividends in steem? I can get daily payout of dividends from one of the other sites mentioned but have gotten nothing from cupz.