Earn daily crypto dividends by playing casino games on Chips.gg

09/03/2021 | Categories: Casino Guides | Published by: csmiami | Last updated: 02/05/2021

As the crypto market develops, more and more crypto casinos appear, with some allowing players to earn money while playing games. We are talking about casinos where you can “mine” their in-house tokens while playing your favorite games. The outcome doesn’t affect the mining of these tokens; so they are the perfect companion to boost your casino winnings.

How Does The System Work?

During this article, we’ll be talking about the system Chips.gg uses; although it’s not the only casino using this kind of dividend sharing system. Chips casino has named this feature “The Vault”, for its resemblance of an actual vault storing your valuables. While this article is being written, Chips allows its users to gamble with 9 different cryptocurrencies, and is actively improving their system and adding new cryptocurrencies, games and features.

The vault distributes %50 of its content with the players that have locked any CHIP token and the team daily; each part gets a 50% of that half, so a 25% of the total vault is finally distributed to players. The other 50% is kept as the starting balance for next days’ vault. The amount of money you will get depends completely on the % of your locked chips; unlocked chips don’t count when it comes to distribution of dividends. It’s also important to know that CHIP tokens can only be earned playing games at Chips.gg; and that those tokens can’t be withdrawn, although there’s some talks about a future in-house exchange for these tokens.

CHIP mining

Only 100.000.000 CHIP tokens will ever exist. While this article is being written, the total amount of these tokens is a bit north of 14.000.000. Every 1.000.000 minted CHIP tokens, the amount that needs to be wagered to mine a single CHIP increases. When the casino opened shop, each CHIP token had a wagering cost of 30$, whereas the current wagering cost is 49$. You can check the table below to get more details about the wagered amount needed to mint 1 CHIP at each level of the distribution.

If we take a closer look at the vault, we can see that there’s some useful data the user can access to. The most useful one is the “Show your cut” one; that will let you see how much money you are going to be receiving that day at the current vault volume. This information is presented 2 ways in the Vault tab; first just in USD, with a countdown until the distribution, and a bit below that, as we’ll check, the distribution of each cryptocurrency.

As aforementioned, a bit below the total amount in USD that is going to be distributed, we can find a breakdown of each crypto at it’s current state. Currencies showing a negative balance will not be distributed that day.

The current distribution per 1.000 CHIP tokens when the vault value is close to 30.000$ is somewhere between 50 and 60 cents. This however, is just a proportion based on the total locked CHIP tokens, and will change as more CHIP tokens are locked.

The vault section does also show data about the mining status. A very user-friendly graphic shows the amount of CHIP tokens that have been minted on the current stage and level; along with information about the total supply and total locked chips.

As we have already mentioned a few times, CHIP tokens need to be locked in order to generate that passive income. There’s of course a place to easily do this too. Above the Vault progress information, we’ll find the buttons showed at the screenshot below. We can either manually type how many of them CHIP tokens we want to lock, or simply click the “MAX” button (both followed by “lock chips”) to start earning some passive income. You can unlock the CHIP tokens too, but keep in mind that when unlocked, they won’t be generating any passive income.

Chips.gg offers slots from most of the most popular slot providers to its players and live games; while also having a Provably Fair dice with a 1% edge. All bets placed on the platform count towards the wagering required to mint a CHIP. The dice game is currently the easiest way to mine CHIP tokens, as you can set it on auto-betting, with the strategy you see most fit and it will mine for you while you are away from your computer. More in-house games are currently under development too.

So if you’ve read this far and liked the dividend distribution system Chips offers, don’t hesitate to sign up at the platform and start earning some lifetime passive income while enjoying your favorite casino games!

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