Etheroll (DICE) for Newbies (FAQ)
Welcome, new players and new token holders!
There have been many questions about etheroll from new comers, so I figure it is a good idea to put all FAQs under the same thread. Please go to the ETHEROLL website and check the FAQ, Dice Token, and How to play tabs before asking questions.
Quick facts on ETHEROLL:
Development team: u/etheroll
Token name: DICE, ticker symbol: ROL
Token's contract: https://etherscan.io/token/0x2e071D2966Aa7D8dECB1005885bA1977D6038A65
current exchange:
Road-map: https://etheroll.wordpress.com/2017/05/08/3-6-month-development-roadmap-week-2-soft-launch-review/
List of Dice hodlers: https://ethplorer.io/address/0x2e071d2966aa7d8decb1005885ba1977d6038a65#tab=tab-holders
Dividend/Reward payment: https://www.reddit.com/r/etheroll/comments/6ez5h4/uetheroll_any_word_on_how_investors_will_be_able/die8bqa/ https://www.reddit.com/r/etheroll/comments/6bunvg/how_does_etheroll_know_what_wallets_to_send/dhpwfqf/
Unofficial Etheroll Live-Stats: (Including link of current and past bankroll's contracts and wallets) courtesy of u/Zworf http://www.cryptocurrencychart.com/etheroll-live-stats
transaction costs per bet and expected returns calculations: https://www.reddit.com/r/etheroll/comments/6g5yfl/ev_exploration_bets_below_1_eth/ courtesy of: u/qimorboz
https://www.reddit.com/r/etheroll/comments/6edtpa/bet_costs/di9jlb3/
Feel free to add any Q&A or ask your questions. For daily concerns and on-going questions, there is a DAILY DISCUSSION THREAD
Q: Do I need DICE Tokens to play?
A: No. Bets and winnings are in ETH. Please see HOW TO PLAY on Etheroll's website. Dice Tokenholders, although are not entitled to any equity on ETHEROLL, they are entitled to 100% of the house's winnings, distributed every 12 weeks. Therefore technically, it is NOT a dividend.
Q: I can't see my dice-roll's result, was the bet processed, did I win or lose?
A: It is a known problem if you are using Metamask on chrome browser. Metamask and dev team are trying to solve this issue. For now, use MIST or you can track your bet results on the unofficial ETHEROLL-live-stats, or directly in the contract address, listed in the statistics page. (Use it at your own risks -- there might be some glitches, it is not official and not supported by u/etheroll -- u/Zworf however, has been kind enough to be very responsive of any problem with it).
Q: My bet was not processed and failed. What happened?
A: Most likely Ethereum Network's congestion, in some rare instances, it could be oraclize being down. Please look for announcement by the dev team.
Q: Min bet seems too high can we lower the min-bet?
A: (from u/etheroll ) https://www.reddit.com/r/etheroll/comments/6b2c73/is_there_official_word_on_whether_or_not_the/dhjzgs1/
Q: It would be great if ETHEROLL is available on mobile phone. Is there a plan to do this?
A: Yes. u/etheroll is waiting for status.im to launch their product to have the first available mobile dapp. See Road-map link above.
Q: Why play dice on ETHEROLL? what is the advantages compared to other dice games?
A: Low house-edge, provably-fair, no sign-ups, anonymous, transparent smart-contract, great community, generous MIN-BET to MAX-PROFIT ratio, and other things mention below link. https://www.reddit.com/r/etheroll/comments/6dvax5/advantages_over_satoshidice/?ref=share&ref_source=link
Q: Why does Etheroll seem slow? Can it be Improved?
A: Because it is on blockchain (imagine how much slower it would be on BTC blockchain), it has to wait until a block is processed. Yes u/etheroll is working on improvements. See Road-map link above.
Q: I'm impressed with Etheroll's dice game, but it's not enough. Is there a plan to add more games?
A: There could be, but not until all priority items in the road-map are done. New proposals and games will be proposed by dev team, and voted by the community/tokenholders.
Q: Is my winning taxable?
A: You are responsible to comply with your geographical regulations regarding gambling and taxation. https://www.reddit.com/r/etheroll/comments/6fhqqu/a_model_for_reporting_gambling_sessions/?ref=share&ref_source=link courtesy of u/qimorboz
Q: How do I buy DICE tokens?
A: using EtherDelta, https://etherdelta.github.io/#DICE-ETH https://www.reddit.com/r/etheroll/comments/6e0w4i/quick_picture_guide_showing_how_to_use_etherdelta/?ref=share&ref_source=link courtesy of: u/ialwayssaystupidshit Note: Please be extra careful when trading on EtherDelta. It is very easy to make mistakes and there is no coming back from those mistakes (because it is on Blockchain, any cancellation will use gas fee). https://www.reddit.com/r/etheroll/comments/6catiw/a_few_notes_on_etherdelta_exchange_platform/?ref=share&ref_source=link Courtesy of u/LevitatingTurtles
You can also buy DICE from: https://hitbtc.com/exchange/DICE-to-ETH
Q: How do I withdraw DICE tokens from Etherdelta?
A: https://www.reddit.com/r/etheroll/comments/6j25bq/comment/djawjfs
Q: Why is ETHEROLL not listed on major exchanges?
A: That's what we all want. I guess it's not as easy as it seems. It's up to them to list us. Some big exchanges require some steep fee that is not worth to spend. If/when ETHEROLL got big enough to get noticed, they should come to ETHEROLL for listings.
Q: I've never heard ETHEROLL till lately. Is there a plan to advertise and do some marketing?
A: Yes, but not until the dev team is comfortable with the functionality and feels. Quality is priority. See Road-map link above.
Q: What's ETHEROLL's liquiditation value? (If ETHEROLL closed down, and failed, how much does a DICE token worth?)
A: https://www.reddit.com/r/etheroll/comments/6dxgme/liquidation_math_of_etheroll/?ref=share&ref_source=link courtesy of /u/ FromToKeto and u/califreshed
Q: Do you have a quick math on how rewards will be distributed?
A: https://www.reddit.com/r/etheroll/comments/6duu07/calculating_dice_dividend_yield/?ref=share&ref_source=link courtesy of /u/ FromToKeto
Q: Transaction fee per bet seems very high. Is there a way to reduce this fee?
A: Dev team is working on it (see Road-map) https://www.reddit.com/r/ethtrader/comments/6dzdq9/a_beginners_guide_to_erc_20_coins/di6te4q/
Q: Is reward/dividend taxable?
A: You are responsible to comply with your geographical regulations regarding dividend-like rewards and gambling tax. https://www.reddit.com/r/etheroll/comments/6fhqqu/a_model_for_reporting_gambling_sessions/?ref=share&ref_source=link courtesy of u/qimorboz
Q: How does Reward/Dividend distributed?
Posted Jun 9, 2017, 7:29 AM UTC · edited