Key Features

SnakeDice.com will introduce the deflationary SnakeDice token ($SNAKE). The supply will decrease over time through a 'Buy & Burn' mechanism. Users will be able to play our games with several crypto currencies (although initially just $ETH), with 50% of the house profits being converted to $SNAKE and subsequently sent to a burn address.

The dice game will be our first game. This dice game will be permissionless, meaning that the core team will not have access to the funds but rather funds will be deposited to a smart contract and subsequently paid out at the corresponding levels below.

Profits Distribution

20% - used to buy the $SNAKE token and send it to a burn address

50% - paid out to NFT holders. Users will receive profits in real time and be able to claim as they wish.

20% - deposited to the SnakeDice treasury, to build a strong balance sheet and further development of the protocol and other products.

10% - rolls over within the smart contract, for player cashouts, etc.

Profits will be distributed live, however token burn dates will be on a random date within 30 days (to discourage front runners).