Earn easy rewards when staking EDG Tokens
Edgeless casino distributed 40% of bankroll’s surplus
5,183,037 EDG
183
What’s a purpose of Edgeless staking?
Edgeless is a growing casino network which uses the ethereum blockchain. The EDG cryptocurrency token functions as a casino chip. Players can play on Edgeless only with EDG token.
To make sure the bankroll is always increasing, the casino needs a mechanism which enables the community to support the growth of the bankroll. There is a limited amount of EDG tokens, a total of 132,046,997. It’s impossible to create new tokens or delete existing ones .
With larger bankroll, the casino can serve more players and offer larger betting limits. Without such a mechanism, Edgeless would not be able to serve players. Edgeless community members can stake EDG tokens, forming a decentralized casino bankroll. The casino network distributed 40% of the bankroll surplus in exchange for bankroll support.
Your potential reward calculator
Slider example
The slider example is based on the following numbers: 100 participants. 50,000 EDG tokens staked by each participant. Total staked pool is 5,000,000 EDG tokens. Bankroll surplus is 1,250,000 EDG tokens.
How the reward is calculated?
During every cycle, stakers form a decentralised bankroll. The casino uses the bankroll as a bet against a player’s bet in games such as slots, roulette blackjack. If the casino wins, the bankroll has a surplus. If the casino loses, bankroll is in deficit.
There is volatile element involved in the casino’s bankroll.
The casino doesn’t win every day, this is especially so in Edgeless’ case as it offers 0% house edge skill-based games. Therefore, when staking, participants take a risk. Reward is not guaranteed. In a case of a bankroll deficit, stakers take a loss.
Casino bankroll surplus is distributed in 2 parts:
60% goes to Edgeless casino
40% goes to staking participants
Detailed example of staking reward calculation
1
143 people join bankroll staking. Each participant stakes 30,000 EDG tokens.
2
A decentralised bankroll is formed with 4,290,000 EDG tokens ( 143 x 30,000 )
3
The casino uses 4,290,000 EDG tokens to bet/service players.
4
After the cycle, the casino has a bankroll surplus of 4,990,000 EDG tokens.
5
The exact surplus is 700,000 EDG tokens. 40% of 700,000 is 280,000 EDG tokens. 280,000 EDG tokens are allocated to reward pools.
6
The staking reward is distributed among 143 participants proportionally based on their staked EDG tokens and contribution.
Proportion calculation:
1
Staker Adam now owns 0.007% ( 30,000 / 4,290,000) of a decentralised bankroll which is 4,290,000.
2
Adam will get a reward which is 0.007% of the staking reward pool.
3
He will get 0.007% x 280,000 based on his staking status.
Staking stats from previous cycles
Started 2018-12-04 / Finished 2019-01-29
263,000 EDG
2,166,083 EDG
119
Started 2019-02-10 / Finished 2019-03-29
355,000 EDG
10,460,369 EDG
150
Started 2019-04-12 / Finished 2019-05-17
74,000 EDG
10,882,924 EDG
169
Started 2019-06-03 / Finishing on 2019-06-17
138 271
5,000,749 EDG
172
Started 2019-06-19 / Finishing on 2019-07-01
5,183,037 EDG
183
Starts: 2019-07-03
Get EDG tokens
1. Registering for staking account
The easiest way to get EDG tokens is by simply registering a staking account and clicking the “Deposit” button. The deposit window is integrated with Changelly converted. Converted can convert almost any cryptocurrency into EDG tokens: BTC, ETH, LTC and many more.
2. On popular exchanges
You can also get EDG tokens on popular exchanges such as Bittrex, Upbit, and HitBTC.
Start staking in few minutes
Register
& Deposit
Participate in
staking round
Redeem bonus
or stake again
Staking conditions & timeline
Staking limits per participant: 1 - 50,000 EDG tokens
Each staking round lasts for 12 days
Staking period starts: Wednesday, 7 AM UTC
Staking period ends: Monday 7 AM UTC
Community - an important part of the team
A united community is one of Edgeless' main strengths. People from South Korea, Italy, Russia, Spain, Germany, Australia, and Canada are a part of the Edgeless journey.
Why Edgeless
Multiple ways to win
You have the opportunity to win 100,000 EDG tokens when you deposit, play games or refer friends. Winning has never been easier.
Transparency
An incoming player’s deposits and withdrawals can be checked at any time, this increases Edgeless’ transparency beyond any other casino’s.
First legal blockchain casino
Working hand in hand with legal authorities and being fully regulated is necessary for the growth of a business, especially in the areas of gambling and cryptocurrency.
Start staking today.
EDG bankroll staking is a new feature available to EDG token holders, who can participate in Edgeless bankroll funding by staking their EDG tokens.