Tron Casino Disappears,Thousands of Investors Doomed with ‘Worthless’ Tokens

dApp, TRON

A possible exit scam involving a gambling dApp related to Tron is leaving investors high and dry.| Source: Shutterstock

Tron Casino Disappears,Thousands of Investors Doomed with ‘Worthless’ Tokens



A Tron gambling dApp called DooTron disappeared over the last week without a word of explanation. Shortly before its disappearance, DooTron had launched its second game, Shoot, which issued a second token.

“INVESTIGATION” OR INSOLVENCY? ANYONE’S GUESS

Justin, #DOOTRON pulled an #exitscam, investors stuck with millions of worthless #DOO tokens now, will you do something to at least partially compensate ?.. 
Who are the #DOOTRON scammers, can you inform the community ? It's essential for the prestige of the Tron Network.

— White Wolf (@FeroxAdvisors) April 20, 2019

The way most Tron casinos work is players earn a casino-centric token for every bet they place. The more they bet, the more tokens they receive, and they can then choose to sell those tokens or lock them to earn dividends from the casino’s profit pool. Some casinos allocate as much as 70% of their profits to the dividend pool.

Nearly all Tron casinos do this, as well as many EOS-based casinos. Users can also purchase the tokens on the markets to earn a dividend from casino operations. As stated, DooTron.com had two tokens at the end: SHOOT and DOO. DOO was obtained in an advanced Hi-Lo game which allowed the user more options than most versions of Hi-Lo: the player could also choose the color or suit for varying levels of profit.

Shoot was essentially another twist on Hi-Lo, where the user would “shoot” the range they believed the next card would fall under. Similar to the Hi-Lo game, players earned SHOOT tokens for every bet.

TOKEN HOLDERS LEFT TO ROT

The games were provably fair, their results determined by the unpredictable Tron blockchain. The hash would be interpreted to determine the result, as is the case with many games on both Tron and EOS. This is perceived as much fairer and harder to rig than traditional casino models, which might develop advanced methods of deceiving gamblers.

In these casino token schemes, tokens are “mined” through play. The more popular a casino, the faster its tokens will be mined. The pioneer of this model is TronBet.io, which issues ANTE. ANTE are currently worth over 20 TRX each, and pretty much stay between 23 and 26 most of the time.

A total of 59,082,099.596981 DOO were mined over the casino’s life, and there are currently 1204 holders. Over 12 million remain “frozen,” obviously earning no dividends at this time. SHOOT, which was much newer, has just over 1.4 million frozen. DOO and SHOOT were delisted from one of its few exchanges, Kiwidex.io, with the following notice:

Because DooTron has encountered operational-related investigations, it will stop all social media, websites and other activities included today. Kiwidex will release the DOO / TRX, SHOOT/TRX transaction pair at 00:00 on April 18, 2019, New York. Withdrawal of the order in time; Kiwidex, who has not withdrawn the order, will automatically refund the pending token to the user’s account.

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