We are increasing the investment commission from 10% to 20% on Monday, 3 Apr
(in seven days)
Why?
When setting our investment commission to 10% few months ago we underestimated how much site growth depends on giveaways, competitions, promotions etc. The current 10% actually gives us a very narrow margin and it makes it difficult to compete with other sites that spend much more on promotion.
So far we have run several promotions, giveaways and competitions. We have spent around 10 BTC on the referral program and promotions altogether. This resulted in over 2,400 BTC wagered, 65 BTC profit and over 80,000,000 bets so far. We’ve been able to gain trust of both investors and players – this is something you cannot buy. I think it’s not bad for a site that is 3 months old and still pretty new. But we want to go farther.
We believe that with the extra funds we will be able to attract new players and make YOLOdice grow even faster. We will spend it mostly on promotions, prizes in competitions and on other activities that we believe would have positive long-term ROI.
How will this affect investors’ earnings?
I’m pretty confident the investors will benefit from this change, although it might appear we are cutting their profits. Here is why:
* we are going to spend extra funds to make the site grow faster, which means more players => more wagered => more potential profit for investors,
* 20% commission is still one of the lowest among bitcoin casino sites — 80% of site profit still goes directly to investors,
* besides, most of the coins spent on promotions return the site bankroll (i.e. investors’ pockets) quite quickly.
When will you increase the commission?
Here is the roadmap we will follow:
* Sunday, 2 April – the last time a weekly commission will be taken at 10% (we take commissions on Sundays)
* Monday, 3 April – 20% commission will become effective. Every investment closed from now on will have 20% commission applied.
* Sunday, 9 April – the weekly commission will be collected at 20% level.
What if I don’t agree?
If you don’t agree to the new terms you can close your investment anytime between now and Monday, 3 April. But I highly recommend you to stay with us. I hope we are on the right path to establish a really decent dice site with lots of opportunities for both players and investors.
Thanks and cheers,
Ethan
Published at Tue, 28 Mar 2017 00:05:50 +0000
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From the first collection issued by BTC China
By jonrussell on 2016-06-01 16:57:03