Investors Counting Losses as Tron Casino dApp Disappears

A Tron casino decentralized application (dApp) known as DooTron has recently pulled an abrupt disappearing act over the last week. There was absolutely no sign that this would happen as the decentralized application even launched Shoot, its second game, that also issued a second token to the investors and its users. To make it worse, the company behind the application is yet to deliver any form of explanation or statement to clarify what exactly is going on.

Understanding Tron Casinos

Most Tron gambling dApps work in a rather simple manner – the players are awarded casino centric tokens for every bet that they place on the platform. As such, the more a player bets, the more the tokens they received. Once they have the tokens, the players can then either choose to sell them or lock them in order to earn dividends from the casino’s profit pool. The latter is a pretty lucrative option in some cases since there are certain Tron casinos that allocate as much as 70 percent of their profits to these profit pools.

In DooTron.com’s case, there were two tokens (SHOOT and DOO. DOO) by the time it was disappearing. DOO was obtainable in an advanced Hi-Lo game that allowed the player more options than there typically are in most variants of Hi-Lo – these included the ability to choose a color or even a suit for varying levels of profit.

SHOOT, on the other hand, was from Shoot, which was at its core just a twist on Hi-Lo that allowed the player to “shoot” the range they believed the next card would fall under. Every bet in this case also earned the users SHOOT tokens.

Both games were provably fair since their results were determined by the very unpredictable Tron blockchain – just like many other games on EOS and Tron, the hash was interpreted in order to determine the results of the two games. The tokens were therefore mined through play.

Trouble for Investors

59,082,099.596981 DOO were mined throughout DooTRon’s life and a significant portion of this amount is currently held by 1,204 investors. However, with over 12 million remaining frozen, it obviously means that the investors will not be earning any dividends. SHOOT has 1.4 million frozen which presents the same problem for the people who invested in it. To make it even worse, both tokens have been delisted from one of the few exchanges that supported them.

“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,” reads a statement from Kiwidex.io, the exchange that delisted them.

However, it is important to note that everyone who has tokens frozen will still be able to receive their dividends simply because that is how the smart contracts work. The only downside is that now DOO and SHOOT are basically worthless.