MintDice: A New Age Casino for the Cryptocurrency Rush
Online gaming and gambling have been surging in the last few months as platforms like TRON and EOS pushed a major portion of their transactions volume through these activities. The scope for a proper casino on these platforms is quite minimal as they do not possess the scale to do so. MintDice has opened itself up as a full-stack Bitcoin casino, offering a variety of games from dice, slots, Plinko, and a variety of other popular games.
Opening Up in a New Market
There are many things wrong with the traditional casino industry: the house has a high probability of winning the lot, the game itself is susceptible to human manipulation, and legitimate players are very often mistaken for crooks.
Digital casinos embedded with new-age financial products like cryptocurrency are helping tackle these issues shackling the industry.
MintDice’s marquee features attack these very weaknesses. By utilizing the immutable nature of blockchain, the platform adds a new layer of trust to online gaming. Since everything is executed digitally, there is no real scope for human manipulation of the parameters for the game.
Virtual gambling has recently emerged as a strong use case for blockchain and cryptocurrency. Those who indulge in these activities are left with much better odds and scope for risk management when compared to physical casinos.
MintDice uses an algorithm that allows players to review their bets and verify data first hand, without having to rely on an external party to do so for them. This feature alone sets them apart from the bulk of virtual gaming companies currently operating in the space.
The entire decentralization revolution is centered around improving trust by removing the need to trust. A verifiable algorithm along with transparent data points is certainly a welcome addition to this narrative.
In addition to regular casino games, there are a number of social games like Bit Rocket and Pyramid. Bit Rocket is a skill game where your odds of winning increase as more players contribute toward the betting pool. One percent of the total pot will be created in the bonus pot. This means if 3 players contribute 15,000 satoshis, the bonus pot adds 150 satoshis to the pool.
If this wasn’t appealing enough, the minimum deposits required is just 10,000 satoshis and the minimum amount to place a bet is one satoshi.
More than Just Games
What truly sets MintDice apart is not just the trustless nature of their platform; it is the multiple feature additions that create a completely new service offering for customers.
The company runs a staking/masternode pool, where users can invest capital and essentially earn a portion of profits generated from MintDice’s games. The ability to be both a customer and beneficiary of the company’s success, at the same time, is an opportunity definitely worth consideration.
To open a profitable casino 20 years ago, you would have to first find land in a casino oriented city like Las Vegas or Atlantic City, set up shop, and finally run it. Fairly simple, except it requires millions of dollars in capital at the very minimum.
Today, it is as easy as investing in a pool of capital to absorb profits off the trades taken on the platform. The simplicity brought by the internet and innovative platforms like MintDice changes the way retail investors can allocate capital and gain investment exposure to very specific industries.
The Bottom Line
MintDice offers a strong variety of games, of which the most popular are bitcoin dice and slots.
Trustless gambling is an entirely new paradigm, but obviously should be thoroughly researched before any impulsive decisions are taken.
MintDice has a very detailed guide to using their platform as well as simple strategies for their more complex games to get the ball rolling for new users.
To company complies with necessary regulations and required users to verify they are above 18 years of age before signing up. Additionally, there is an in house bitcoin faucet to allow players to fund their own playing with freely won cryptocurrency.