BitDice was launched in 2014 and was the first cryptocurrency casino to be incorporated in Costa Rica. The company implemented an investment program that was simple, flexible and easy to administer. It generated a lucrative Return on Investment (ROI); however, it was restrictive and used only for capitalizing the house bankroll. BitDice was focused on providing players and investors with a good rate of return, and there wasn’t a lot of room for growth.
Paying Debt Rather than Building Equity
To put the concept in financial terms, the form of investment we had over the years was paying out a debt rather than building equity. This situation meant that BitDice was limited in its ability to expand into new markets and develop new products. The company has not had the financial means to support these measures. Investors were enjoying the benefits of sustained profitability, while BitDice has retained just enough to keep the doors open. The situation required a change.
Our New Offer to Investors
Today, we are giving investors an alternative to maintaining the status quo. You have the opportunity to become entrepreneurs, like us. We understand that for some of you, this opportunity will carry a higher level of risk that may be beyond your regular investment profile. Before you make a decision, kindly look over the details of our offer. Higher risk also carries a greater opportunity for reward.
The Initial Coin Offering (ICO)
For those of you who are not familiar, an ICO is an event used to raise money for operations like ours. The company launching the ICO announces it and collects funds in various cryptocurrencies. When the ICO is completed, the tokens are listed on cryptocurrency exchanges to trade against other crytptocurrencies. The price will change depending on market conditions, news about the project and new features added.
Once our ICO is completed, we will have the necessary capital to make changes and improvements to grow the business. All of them are aimed at boosting the ROI over the long term and will help us achieve the following:
- Improve management of in-house bankroll in multiple crypto currencies
- Increase IT staff with goal of improving game technology
- Expand into the lucrative online USD market
- Improve communications with token holders
- Increase company marketing exposure through feedback loop and secondary markets
- Distribute 70 percent of company profit to token holders
The value of the token will be fundamentally driven. It will directly depend on BitDice Casino’s performance. We expect, and our goal is, that sustainable growth in profits will make BitDice Casino tokens an excellent tool for the accumulation of wealth. The recognition and the attractiveness of this instrument will combine to secure its high liquidity on the secondary market and serve to keep its value high.
Slack Invite: https://slack.bitdice.me
This article was originally published at BitDice Casino's Medium Blog