We are pleased to announce our next AMA on October 26th 2021 at 01:00 PM UTC Time: Satoshi Club x Double Dice
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Double Dice Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Double Dice Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Double Dice
For more details:
Double Dice Website – doubledice.com
Double Dice Telegram – @DoubleDiceOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I’ve found out that DoubleDice caters “highrollers” by which DoubleDice can provide an ‘enhanced’ gaming room for users who hold 100 million of the project’s token. This is feature is suitable for large projects, communities, influencers and celebrities who wishes to interact with their groups or fans within the platform. What are the main differences from the normal and standard room to the ‘enhanced’ room? How many users can join and play within this enhance room? Will there be a minimum requirement of bet, given that this will be an exclusive room?
To give compensations to its loyal users, DoubleDice will be incentivizing users with 33% reduced fees when they hold 2.5 million tokens and zero to no fees when they hold about 7.5 million tokens. Will this feature be a one-time only registration? What if I have won and accumulated tokens from playing and winning games in the platform and reached the reduced fees quota, will I be eligible of this perks?
Based on the whitepaper, 20.50% of the token supply is allotted for “Company Reserves”, however, if DoubleDice reaches an annualized revenue from gaming yields of $30m at the end of the second year of operations, these tokens will be burnt. But, what if, DoubleDice did not made the cut of the targetedt $30m revenue? What will happen to these tokens then? How will it be used if it is not burnt?
At DoubleDice all games are played between punters and punters alone. Punters bet on one or more of the possible outcomes
for any game and all the monies bet by all punters are collated and collected securely in smart contracts. When the outcome of
the game is known, the system automatically distributes the pot to the winning punters weighed by risk-reward parameters. Since all the monies bet by punters will be collated in smart contracts, how safe and secured is this going to be for punters? How do you plan to ensure that the collected monies from punters is 100% safe and secured?
I find your games to be so exhilarating,I get to understand parts of how the games works but seem not to understand how RACE FOR THE WHITE HOUSE works, please can you tell me more about this game.
Also in double dice pooled roulette you mentioned,no one wins,you just get the money money back, fair and square, what assurance do I have to trust you that this isnt a form of scam
Again, what plans has your project made to make it more exhilarating in near future for crypto users
On the Double Dice platform, premium NFT holders receive special privileges. What are premium NFTs and how can I get them? What kind of privileges do these NFTs have for their owners? What other NFT categories are there on Double Dice, where can we see them?
I read that DoubleDice gives the punters / gamblers an extremely cost-efficient, transparent, and easy to use platform, while preserving total privacy of the users. Does that mean that KYC is not required in order to sign up for DoubleDice? And I have another question, are there restricted countries to use the DoubleDice platform?
DoubleDice we understand is a patent backed non-custodial gateway to the pooled betting multiverse wherein users can open their own rooms, bets + enhanced branded rooms for influencer NFT Project partners. Could you please explain to us enthusiasts what and how exactly you mean by users can open their own rooms/bet? How does your unique go-to-market strategy works and what is it all about please tell us?
It caught my attention to know that DoubleDice as an all games with best user experience Incorporated as it’s features, sports betting, political betting Dice, card, and casino games, etc. Now my simple question is, how exactly do you mean on political betting? What kind of political related discourse does your ecosystem makes bets on, is it the same secular political issues or another one could you please explain to us?
Project is backed by well-known industry veterans such as Darkpool Liquidity, Skyvision Capital, Axia8 Ventures, Polygon, njoi and Zion Capital. What attracted them to DoubleDice? I also learned that DoubleDice is working closely with the Constellation and Lattice. So, what impact did these unions have on the development of DoubleDice and what will happen soon thanks to them?
If I understand correctly, then DoubleDice will start with sports betting before moving on to political races, roulette, poker, blackjack, Yahtzee, craps, and e-gaming betting. Why did you decide to start with gambling? After all, gambling addiction – a pathological addiction to gambling, leads to a decrease in social, professional, material and family values. What prompted the DoubleDice team to develop their project in this direction?
1 DeFi is growing at an alarming rate, and the possibility of failure is extremely high. What are your thoughts on this and how confident are you that the project’s products will be in demand in the long run? What does the project plan to contribute to the development of DeFi?
2 I strongly believe that community strength is essential for any Blockchain startup. How have you built your community and retained your loyal members in the Southeast Asian market? Do you have any plans for an ambassador program or community events to attract more attention?
3 All the goals of your project are absolutely great, But one of the main factors that users look for in a crypto project is the use cases of the token. So what are the use cases of the token in your platform? What is your plan to increase token usage?
1 How does the project increase the value, liquidity and utility of the token? So can it lead to an increase in the token price? What is your plan to make your project stable and give the highest return to investors in the long term?
2 Nearly 80% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivation and benefits for investors to hold your tokens in the long term?
3 Liquidity, transaction fees, and slippage are three important factors in financial services. How can you provide users with a tool to manage, trade and profit through Defi products on the platform with unlimited liquidity and no slippage? What solutions are you committed to bringing to users?
4 Do you agree that there is always a risk of loss when investing in any asset class? What is your strategy to minimize the risk of loss? Are you considering an insurance product or do you have your own mechanism to protect investor funds?
5 Could you tell me how the project idea came to be? As an investor, can you point out a feature or feature that you like the most about the platform so that it can compete with other competitors? What are you most confident about for your platform?
1 Many new projects develop well at first, but then fail to achieve good results. How will you manage and develop your project to gain a foothold in the market and become a good project in the blockchain industry?
2 A strong community not only brings interesting ideas to the project, but also attracts larger partners. So how does the project plan to build your community? And are there plans to recruit people with Blockchain experience to the project team?
3 I have seen several DeFi projects that have been “hacked” recently, as it describes. How do you think the recent failure of other DeFi products affects user trust? What can your project do to ensure that crypto enthusiasts believe it is safe and reliable?
4 Can you tell us, Do you have AUDIT certificate? Or are you also working on AUDITING your project, to make it more secure, reliable and trustworthy?
5 Partnerships are always important for any project. So who is your partner? What benefits do you get from those relationships?
6 What is the most prominent event you would like to introduce to our community through this AMA? By what means can the user participate in the event and how can you convince the user that it is not a waste of time at all? Are there any requirements for newcomers?
6 It is recognized that a qualified and active community will greatly benefit each project. Will you have incentive and reward programs to increase community interest and attention in your project?
7 All project coins have their main and real life utilities! So can you tell us what is the main role of coins in your ecosystem?
8 People are always worried about transaction speed because they worry about their transaction will fail. How fast and secure is the project’s platform? If the number of users spikes, will the transactions on the project become congested?
9 Many people want to learn more about your project but they have problem with English, so do you plan to spread awareness about your project in different countries where English is not fluent? Do you have a Marketing strategy to develop many different communities?
4 Can you list 1-3 attractive features of this project that set it ahead of its competitors? What competitive advantage does your project have that you feel most confident in?
5 What does the name of the project mean and why did you name it that way?
6 Do you agree with us that the strength of a strong community will lead to a good success of a blockchain project? Does the project have an experienced marketing team with a good background or financial potential to reach the global community?
7 What makes you feel confident about the existence & sustainable success of your project in the near future?
8 The feature is the most important thing in building the development of the project, a product will not be able to develop without good features and promotion, no matter how good it is. Can you provide a list of awesome features that scare off competitors in your project?
9 Do you have any Coin Burn / BuyBack system or any Token Burn plan to increase Token value & attract Investors to invest?
DODI is the DoubleDice ecosystem token. What use cases does the DODI token fulfill within the ecosystem? Will this token be used for DoubleDice’s governance functions? Will fees within the DODI ecosystem be paid in DODI tokens? Is there a discount on the fees for DODI token holders? What benefits do DODI token holders receive and how many tokens do we need to have to receive those benefits?
Hello DoubleDice team. Regarding the distribution of the DODI token, which is the token used in the DoubleDice platform, you mentioned that unallocated tokens stay as company reserve. How much will be the maximum allocation of this reserve fund? Can you explain to us in which cases these reserve tokens will be used? Thank you!
Addiction to gambling games could be a severe problem, how do you take part in ensuring the mental health of your user, is there a limit of hours played daily? And how can I deposit my crypto to start playing? What is the minimum deposit and withdrawal amount?
What about your regulations ? Isn’t it quite difficult to manage regulations and permits to create a casino project ?
Speaking of casinos, I think there are many long-running blockchain casino projects, for DoubleDice, what casino games are you going to offer players? will you collaborate with other game providers such as boongo, pragmatic play and others?
What kind of game concept will you develop DoubleDice later? are you going to combine it with items like NFTs and users can buy them with the mystery box system? please give an explanation
What are your main marketing steps to bring more attention to the DoubleDice?
I read that DoubleDice uses the no-house casino methodology. According to your own perspective and experience, why do you consider that the no-house methodology is more beneficial compared to the house methodology? What are the exclusive advantages and benefits that DoubleDice offers by eliminating the house?
What are some of the benefits of branded vs unbranded game rooms in DoubleDice ?
I read that users are able to open their own betting rooms by holding 10m, but can you tell us which economic benefits bring have ownership of a room? Can user set taxes or fees to play on it?
During these days, the impact of NFTs are crossing frontiers, so apart of operate with currencies and stablecoins, Double dice let users to bet their NFTs?
I”m passing through your whitepaper and thу following statement raised some questions: “DoubleDice will bring a world first socially interactive and crowd wisdom-based environment where gamblers will go against other gamblers collectively and never need to play against a house”. What about the games where it is expected to play against a house (slot machines for ex.) or the player is alone, no second gambler available?
DoubleDice received its Patent grant for the multi-party settlement mechanism in April 2011 from the United States Patent and Trademark Office (USPTO). Please explain what does it mean for simple users. For US customers, does it confirm that their participation is legitimate? What about the countries where cassinos and betting is strictly controlled by local authorities? Are there any restrictions applied to your project in any country? Thank you!
Considering your nature, double dice requires multiple transaction in a few period of time, so can you tell us which chain do you use? Also are you a Cross Chain platform?
Double dice is an Metaverse that can be accessed from devices like an mobile or tablet? Have you considered create your own app?
Greetings DoubleDice, do you have a bookmaker or casino where we can bet? What kind of bets does your platform offer us? How many games does DoubleDice have? What is the minimum investment to start playing and how can we bet on your platform is it necessary to have the DoubleDice token (DODI) or can we do it with other cryptocurrencies or NFT? Where can we get the token right now and what is its value? You can give us more details on how to buy the token and where it is listed.
Gaming and play-to-earn projects are very popular right now, however, being a casino/betting platform comes with its own set of challenges. So, I’d like to know specifically, how are you dealing with the legal and regional restrictions? Have you already finished these matters? Can we trust that the platform will run smoothly, long-term? Also, Is it available to all global communities?
Most of the games and activities offered on your platform are random, and as every gaming platform must guarantee transparency and probably fair game conditions to users, could you tell us about the algorithms used on your platform and why they are reliable?
There’s a special characteristic that caught my attention about your platform, you have created special rooms for specific tokens, stable-coins or NFTs for betting but I would like to know if there’s also a space for fiat coins on these rooms, have you considered this option?
I noticed that several options including sports betting, political races, card games such as poker and blackjack, casino games such as roulette, craps, and dice games are available on your platform. These options are common and available on several platforms. What about your own games? Do you offer any games that are confined to your platform? If not, are you planning to introduce some own games in the future? What are the advantages of choosing Double Dice to play ordinary games? Do you offer special features such as better experience and more rewards?
Betting is similar to gambling. Addiction to betting can not only cause financial losses, but also negatively affect the mental health. My question is, does Double Dice use any techniques to control the emotions of the users? Although it is clear that you cannot take the responsibility of the losses, you can take care of the users by helping them not to addict to betting. Please explain whether you have a procedure to control the risk of the funds invested in betting. Atleast, do you remind users to bet with the funds they afford to lose? Do you keep records of the winning percentage of betters?
You have allocated 4% from the total token supply for a future employees program. What kind of employment opportunities will be available in the future? Who can apply for those opportunities? When there are vacancies, how do you publish them for the awareness of the community? Until the recruitments of new members, how do you keep this allocation safe? Does your team keep these funds with them until they will be released to pay salaries?
It is stated that the Double Dice native token DODI will go through two phases of development; where it will first act as a Staking token before been eventually transformed to a full utility token. Since DODI will invariably act as a hybrid token, can you carefully explain how this hybrid functionality will be incorporated within all platform activities, and talking on your staking programs, can you briefly let us know how you intend carrying this out? Also, it is stated that users will use stable coins for all betting activities with DODI only functioning as means of rewards. Can we know why you chose to adopt this model, why can’t DODI by used for both actions?
Describing your features, you have mentioned that there will be special privileges for premium NFT holders. Could you please deeply explain this feature? What type of privileges do you offer? To be eligible for those privileges, is there a minimum number/value of NFTs to hold? Further, will it be competitive to receive the chances? Do we have to hold more NFTs than others or do you equally offer those privileges to all holders?
$DODI will serve as a pure utility token on Double Dice whereas users can bet with stable coins. My question is, will the rewards also be paid with same stable coins? If yes, how does Double Dice earn funds to pay rewards? It is true that the platform will receive funds from losers. However, will those funds be sufficient to distribute the rewards for winners? Do you have any extra income sources to receive funds with stable coins?
You have mentioned that your Virtual Floors bring the users together along common games and bets. What are these Virtual Floors? Do they allow better-to-better interactions? This seems to be a unique feature of Double Dice. Therefore, could you please deeply explain the structure of the floors and how participants can earn benefits on them?
It is stated that Double Dice will offer users the ability to choose Virtual Floors (VFs) through which they can conveniently participate in all their gambling related activities. For someone trying to get in-terms with the complexities of your service, can you kindly elaborate on the Virtual Floors feature, what are their primary purposes, what kind of VFs are available on Double Dice and how can user’s swiftly navigate and use them? Also, since users are expected to commit funds into the VFs, can we know how such funds are utilised, and what is the minimum fee required for this operation?
Has management given proper consideration to the global nature of cryptocurrencies?
Does management have an effective system in place to model, manage, and balance risks and opportunity cost?
What are the other advantages of DOUBLE DICE? In the future, whether this token will become a new ecosystem that becomes hype, considering that this DOUBLE DICE was created for the first time
Official community of the “no-house no-casino” gaming platform DoubleDice. Pooled betting on sports, political races, casino games, card games and more, my question is, I you trying to say that casino game is more better than other games? Like olimpic or naira bet?
Gaming and gambling may be a thin line in between them. Does Double Dice need follow any country regulations in order to operate?
Is there a need for KYC for Double Dice?
Where can we find more information about Double Dice?
Double Dice platform have amazing 11 partnerships such as DARKPOOL LIQUIDITY, SKYVISION CAPITAL, LATTICE etc.. Tell more about the bond between you & your partners? How will they contribute their part so that Double Dice platform will be profitable? In return, What kind of privileges will you offer them on behalf of their contributions? Do you hope to make new partnerships with world class platforms in future?
After looking on the games of Double Dice platform, I could found four types of gaming events called pooled roulette, Poker, pooled sports bet & election bets. Can you give a snapshot about these gaming events? Do you have video tutorials that guide the working method for users? How will the profit be calculated, Will there be a constant profit rate or will the profit be calculated according to another equation? Which currencies will you allow to place on bets?
I want to join the whitlist of Double Dice platform. I already sent a mail to your team through Double Dice website. What are the other necessary requirements that I should fulfil to get a whitelist spot? Should I involve in KYC process? And please tell us When will you launch the Presle & public sales for those who like to buy your native $DODI tokens at a low price?
This game is somehow like other games, in the media you said that no-house” setup for true-probability based best. So my question is, what are the benefits of the supporters in this gaming?, Since there is no true probability based best in the game?
According to your whitepaper, You disallow some of regions that are very risky in gambling events. Can you name those regions & what are the regulations that you consider to allow the regions to use Double Dice project? But It will impact on Double Dice project in a bad way since the community will be decreased by the limitations of Double Dice team. Will you hava a solution for this critical point?
The team of Double Dice project follow the anonymity because you have named Double Dice team members as VK,MZ,GK, HV,6,1 in your whitepaper. Why do you decide to stay as a anonymised team? However, Do you have advantages by staying anonymously? How will you convince the community that the Double Dice project have transparency since you don’t reveal yourselves?
You have implemented a dual token system which affect as the $DODI is utility token & stable coins for betting purposes. Why did you choose Stable coins as the medium of betting purposes though $DODI could have used as payment currency in all purposes within Double Dice ecosystem? So Can $DODI token be used in staking program only? Please explain the cutting edge features of $DODI tokens?
Doubledice primary strategic objective is to meet the unmet demands of a growing demographic around the world that needs a different product to engage for their gambling/betting needs. So,as a decentralized pooled betting/gambling metaverse how would Doubledice manage to meet the unmet demands of the gambling/betting needs? What strategic planning you are going to apply inorder to realize your objective? Do you have any strategic partnership to help you achieve your goals and objectives? What do you think is the need that must be met inorder to achieve a successful gambling/betting metaverse? As we know that gambling/betting is still prohibited to some countries,so do you secure any government license to operate legally? If yes,what licenses did you get? Thank you
In your media, you said that Decentralisation is one of the most important characteristics of digital currencies. So my question is, why is cryptocurrency decentralized? And
Which cryptocurrency should I invest in 2023?
I like your confident when you said double dice is certain, that it bears no risk on any outcome and hence it always makes money.
My question is paraventue Double Dice gets to have a risk beyond it’s control in the process as no one can predict tomorrow, what happens, does it mean that will be the end of Double Dice, what future plans has been made made or put in place to avert or sustain Double Dice for the long term.
Q2. From the innovations in the gaming/gambling world Double Dice is planning on bringing to the market, what are we expecting in your trading betting receipts that allows for secondary liquidity, how will this work and how will users benefit as well as gaming/gambling market in general
Doubledice is composed of many games such as sports betting,card games,casino games, dice games and political outcomes. So,can you give us some overview about those games in your platform? In what probability can anyone win when risking money in those games with Double Dice? What political outcomes is being deployed to Doubledice? As you have a lots of games being offer in your platform,do you have plan to launch your own mobile application to integrate all those games and to give users an easy way to access those games? If yes,when can we expect for Doubledice to have your own mobile application? Thank you
Your White paper explained how the game house makes their money.It mentioned Rake fees, Sitting fees,No win looling and the Edge (difference between the probability based odds and casinos/house)Now I noticed that the rake fees are the straight forward percentage of pot that a house makes, and the house will take a fixed percentage of the total pot that the users contributes and it’s as high as a 20to25% and it’s unfair to players.How will DoubleDice tackle the challenge of high percentage rates?Can the percentage be reduced to enable players participate fairly?In a traditional casino or house sitting fees are charged from users/players, DoubleDice eliminated that approach, will a sitting fee be replaced by viewing fees since it’s now an online gambling platform?
When you say DoubleDice is a unique “No house No casinos”gambling platform offering pooled betting on games you know and love.Does this mean DoubleDice game focuses on online gambling participants only?Does operating the game House and Casinos attract illegal activities? Eliminating the house and casinos mean that DoubleDice is trying to avoid governmental taxes and regulations? please explain thanks.
DoubleDice is led and supported by an experienced team of coders,managers and founders that has already delivered ground breaking innovation in fintech space with project valued at over $60m.Its important for an investor or player to know the team he/ she is working with to ensure credibility and trust.Who are these Team mates?what other projects apart from DoubleDice has this excellent team innovated ?I will love to know.How can we trust this team with our wallets and there wouldn’t be a third party?Trust is an important aspect of every business so please enlightened us thanks.
I understand you have a wide choice of multiparty gambling including card games(blackjack,poker etc),casino games(slots, roulette,crap etc),dice games(e.g yahtzee)..my question is how are this games played?, What’s the winning benefits
Q2 what is the full meaning of KYC/AML
Q3 what’s for punters who gambles wrong most of the the time,do they get any discount?