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RE: Taking a look at the "Magic Dice" dapp // Another SMT announced

in #gambling • 6 years ago

it would take more then 100 million STEEM to pass through MAGIC DICE app for all the tokens to be distributed.
1/3 of the total supply of STEEM. haha.

Well, 13,581,690 STEEM and 41,548 SBD have been wagered in last 30 days.

6 years ago in #gambling by
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     6 years ago (edited)

    I didnt do the math all the way so i was off quite a bit. It would actually be more then 1 billion STEEM since they halve the token gain per steem spent every 5%.
    Id have to write a formula to get the exact numbers (which i dont want to :D) but at 40% distributed you only get 1.5 MAGIC tokens per STEEM spent if they continue cutting the gain in half every 5%.
    The distribution will slowly start moving at a snail pace the more tokens are distributed.

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