Author

Topic: A New Market to Bet on Bitcoin Price - No Registration (Read 151 times)

newbie
Activity: 29
Merit: 12

Does it mean there will be no platform fees?

You might want to consider either hiding those addresses completely or simply censor a big portion of it upon reaching the last two hrs.


Yes house takes a cut of each pot.

I have already implemented a feature so that the page changes two hours before expiration. The addresses are no longer visible and there is a large text warning.
sr. member
Activity: 1162
Merit: 450
The amount you win is based on the size of your bet relative to the others on your same side. For example, if the price closes Over the spot price and you own 10% of all the purchased Over contracts, you will receive 10% of the total of the Under contracts.
Does it mean there will be no platform fees?

Contracts cannot be purchased in the final two hours before expiration.
Any purchases during the 10PM-12AM blackout will be considered a donation.
You might want to consider either hiding those addresses completely or simply censor a big portion of it upon reaching the last two hrs.

I guess there would be platform fees. They cannot earn if ever that they wouldn't at least take a little portion of an earning. As an alternative, they can also earn with just by taking a general proportion on the odds. Example, a user bets 10& yet the platform would only calculate that you can earn an 8% additional, depending ofcourse the volume of the bets in one side compared to others.

I just wanna ask OP, what if your system would somehow have a delay with dozens of instant bet a minute before the deadline? Example, 100 users bets at approx 09:59:30, and would your system have a delay or not? It can be a possible case, especially with the latency of your servers. Just a technical possible issue in case. Good idea tho.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
The amount you win is based on the size of your bet relative to the others on your same side. For example, if the price closes Over the spot price and you own 10% of all the purchased Over contracts, you will receive 10% of the total of the Under contracts.
Does it mean there will be no platform fees?

Contracts cannot be purchased in the final two hours before expiration.
Any purchases during the 10PM-12AM blackout will be considered a donation.
You might want to consider either hiding those addresses completely or simply censor a big portion of it upon reaching the last two hrs.

Overall, it looks interesting.
newbie
Activity: 29
Merit: 12
I made a new bitcoin price betting game. Let me know what you think.

It's a binary spot options exchange were users play against each other, not the exchange.

Bet if bitcoin's daily candle will close above or below the spot price. There's one game every day.

Buy a binary contract by sending funds to either the Over address or Under address. 50,000 sat minimum.

At midnight GMT every day contracts will expire. If the bitcoin price is over the spot price, then the Under contracts will be liquidated and proportionally allocated to the Over contract holders. If the price closes below the spot price, Over contracts will be divided up amongst the Under contract holders. The amount you win is based on the size of your bet relative to the others on your same side. For example, if the price closes Over the spot price and you own 10% of all the purchased Over contracts, you will receive 10% of the total of the Under contracts.

Contracts cannot be purchased in the final two hours before expiration.

What if the bets are lopsided to one side? Play safe and go with the majority and win a little, or go longshot for a big win.
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