After 5.5 years. 893,000+ ETH wagered. 370,000+ ETH paid to players. 7,750+ ETH offered up to DICE holders…
It is with a very heavy heart that today we announce Etheroll will close no later than February 2022.
We are very proud of what Etheroll has accomplished over the years, from the very early beginnings of Etheroll in the dawn of Ethereum in 2015 and into 2016, to the heights of our industry – boasting stats such as the #1 Dapp on Ethereum by volume (one day saw over 16,000 ETH wagered), to catching and mitigating a clever and dangerous hack on our very own platform within minutes. We have enjoyed (almost) every minute of providing an ‘always on’ 24/7 service to our global audience over the past 5.5 years.
Between now and February 2022, 2 Wealth Weeks will be used to distribute ~20,000 ETH using the traditional reward contract to DICE holders on a pro-rata basis. Unclaimed ETH that remains after the next 2 rewards periods will be sent to the reward contract 1 more time (a 3rd time) to allow DICE holders to claim any remaining unclaimed ETH. On average there has been ~20% of ETH remaining uncollected at the end of each rewards period. Etheroll will burn 787,166 DICE and in effect reduce its ownership of DICE from 31% to 20%.
The next Wealth Week running November 1, 2021 9:45AM UTC – November 8, 2021 9:00AM UTC will see 10,000 ETH added to the rewards contract in order to be 100% distributed to DICE token holders.
The following Wealth Week which runs for one week in February 2022 will see the remainder of the ETH (~10,000 ETH) 100% distributed to DICE token holders. By announcing the upcoming Wealth Week distributions early, the aim is for every DICE holder to have the chance to organize themselves in order to be able to participate in the upcoming distributions.
We would like to thank the countless people that have helped us along the way in the building of the platform. From the creator of MyEtheroll.com, to the people whom have contacted us privately to offer their welcomed expertise and assistance across a multitude of various technical challenges we have faced over the years. Being one of the first Dapps built entirely on Ethereum brought with it immense challenges in ensuring the smooth operations of Etheroll’s innovative platform in a secure way for so many years on the top of an entirely new technology stack.
Amidst the backdrop of the relentless pace of the cryptocurrency industry, we are proud of what has been accomplished since the concept was originally conceived, so many years ago. We’d like to personally thank each and every single one of you that have supported us from the beginning.