Mine MLH & Start Earning
Every bet a player makes on Moolahverse casino mines MLH token at the current mining rate. Wagering is the only way to mine MLH and upon being mined the tokens are automatically staked and locked for a period of 6 months.
Unstaking MLH within the first 6 months from the date it was mined incurs an early unstaking penalty of 50% forfeiture of tokens. 50% of tokens forfeited are burned with the remaining 50% returned to the mining pool or utilised for player rewards & promotions.
MLH Staking Pool
All players with MLH tokens staked share in the house revenues, receiving daily payments from the Staking Pool which distributes 10% of Moolahverse profits to MLH stakeholders.
MLH Staking Rewards are paid pro-rata based on the volume of MLH staked. The percentage paid to each player is the ratio of the player's staked volume versus the total staked volume of MLH tokens.
Example:
You have 100 MLH tokens staked.
The total pool of MLH staked by all players is 10,000 MLH which includes your 100 tokens.
Your rewards payout will be 100:10,000 = 1% of the funds paid out in the daily distribution.
If the daily staking payout is $500 in total, you receive 1% = $5 per day.
What Conditions Must Be Met to Obtain Daily Payments?
You must have made at least one "Non-Bonus" bet to mine MLH or purchased at least 1 MLH token during your lifetime.
You must have MLH token(s) Staked at Moolahverse Casino
Your account must not currently be under suspension or have been blacklisted due to fraudulent activity or other material breach of Moolahverse Terms & Conditions
If your account adheres to the above conditions then you are a valid stakeholder of Moolahverse casino which entitles you to a daily dividend payment each and every day, 365 days a year for as long as the casino is trading.
Nothing else required, ever, period. Play, Mine, Earn.
How to Manage Staked MLH Tokens
MLH can be used for wagering on any casino game at the current token market value in USD equivalent. However daily dividend payments are only distributed to MLH held in the staking pool, so player must transfer MLH held from your casino wallet into staking in order to share in house profits.
Staking utilities can be found by selecting the MLH Token on "Top Menu" & scrolling to the "My MLH Token" section which provides tools for managing MLH.
Can I Buy MLH tokens?
It is possible to purchase MLH tokens internally from the OTC trading desk HERE or from external exchanges such as UNISWAP.
It's also possible for players to deposit externally purchased tokens to their MLH casino wallet where players may choose to either wager the MLH or stake the tokens to increase revenue share, thereby raising their daily dividend values paid from the MLH Staking pool.
Given that mining is the genesis of all MLH, any tokens purchased externally would have already been subject to a lockup period at the time they were initially mined.
Therefore, players are free to stake and unstake purchased MLH freely given tokens are only subject to one lock-up period in their lifetime.
Can I Withdraw MLH?
Players can withdraw MLH to any wallet that supports ERC20 tokens provided the PLAYER CONTROLS or can access the wallet's private key.
Players should NOT withdraw tokens to an exchange wallet that doesn't specifically support MLH tokens, nor any wallet where the player does NOT have access to the wallet’s private key.
Doing so may result in losing your MLH permanently without any way of recovering the tokens.
If you are unsure if you can withdraw MLH to a particular wallet, please ask our support staff who would be happy to provide any assistance needed.
Can I check the Current Value on MLH Token?
MLH value can be seen by "Display in Fiat" toggle button and for monitoring recent trade values and volumes the best site at present is geckoterminal