Topic: [ANN] [10X] 10X - an innovative gambling and trading game based on the Ethereum - page 3. (Read 3095 times)

Math seems a little off

I have replied to you several times, check your inbox.

I am using REMIX and a local Ethereum blockchain for testing. I had technical problems with Testnet ROPSTEN been hacked and dead, the revived version would not send me ETH, Kovan never worked and forget RINKEBY on windows, Mist taking forever to sync from Thailand. I was loosing precious time and it was frustrating.
So I used my own Eth blockchain with geth on localhost and REMIX is a great development tool. I am comfortable like this. I have experience working with Sharc DSP, Assembly, old game consoles devkits etc... so I am not too picky.

I will publish the contact soon, if you have a local Etherum blockchain, you will be able to stress test locally if you want, or play with remix, lot of options to customize the ICO, the Game etc... I can't wait to get a feedback from the developers, I do not want to be too technical here but some aspects of this contract are quite advanced compared with other contracts I have studied. Also I cannot be 100% sure that it is free of bugs until I share it, I hope tomorrow.

Here is a simulator with the source code here: http://10x.bz/n668.php sorry if it is a bit complex, but one of the option shows the 1000 first transactions with all the details. Try the buttons up there, and if you are a programmer you can read the PHP code.
The contract is in solidity of course, but is using the same algorithm.

Who will play this?
People who like gambling.

Who will be the last player?
The game never last.

For the ones who do not understand how the bank can make money, there is a catch in the algorithm, I am curious who will find it. The bank cannot go negative, and if it does for any reason, the 10X contract switch automatically in crowdfunding and do another ICO alone (for one day) at a price I can change any time.

reserving chinese translation if available. Thankyou

I understand your point of view, I am an investor myself. But in that case there is no development to be done, so what is the point of having an escrow?

The ICO contract and the game are the same thing. The game starts once the ICO is finished and there is no development do be done, everything is finished.

Do you rather invest in SNT that will be available Q4 2018 or in 10X that will start with this August 30th 2017 at full speed?

The only reason I do an ICO is because the bank needs to have funding in order to work, and also because it attracts the attention of the investors. I need more than 100 ETH to run the bank but it is the bare minimum.

With 100 ETH player can bet between 0.1 to 1 Ether
With 200 ETH player can bet between 0.1 to 2 Ether

Etc...

I print 10 Millions tokens for the ICO, that mean that the max Ether that I will accept is 5000 Ether, once these sold, the ICO is over, if it takes 2 hours it doesn't matter, that would gives the possibility for the player to play between 0.1 to 50 Ether and win up to 500 Ether!

So why having an escrow? I understand your worries, but this ICO is not based on a white paper and a long development. The development is already done

Has the project been tested in the testnet? Are there any test results?

I hope you the best of lucks with your project, the idea looks really promising even if it has been already done! I will keep a close look hope you the best

Difficult to understand 10 times, 10 times per person; then who will pay this. Who will be the last payer?

Although this is interesting idea but I wont invest into that kind of ICO where I don't know who will take my money so that I will skip this. If OP will arrange to provide escrow than people can give try to this project otherwise it has pretty low chance.

Damned not! it is not a scam. There is time until this ICO is finished so we have plenty of time to communicate.

All the bets will be publicly available inside the contract with this structure


And the full contract is about to be published at Github for a total tansparency. Just be a bit patient, launching an ICO is a lot of work

Like the explanations of the dev sound convincing, but how it will work is not clear

I  understand that it is a new concept because the ICO contract and the game are the same contract.

So let's take an example.

In ICO mode, I raise the money to fund the bank (or house), nothing different from another contract or another ICO, I need 100+ Ether to run the game.

Once the ICO is finished, the contract switch in Game Mode automatically.

I will take an example.

Your favorite number is the 2. You need to send 2.2 or 1.2 or 2.0 or 0.2 or 0.12 Ether (check the form in the website it helps for that). The money you send determines the number you bet on.

Ok so you send for example 1.2 Ether.

1) the contract draw a random number between 0-9. If it is the number 2, you win! You get instantly 12 Ether in your account. End of the story.
2) it is the 7, you loose. You not totally lost because the contract send you 12 tokens 10X. This token will be quoted at https://hitbtc.com and others, so then you can continue the game by trading it.

What does this mean? Instead of taking your money in my pocket because you lost the bet, I instead give you 10X shares and you are now a token owner.
It is a pyramid (legal) where everytime someone loose his bet, he contribute to the wealth of the 10X token and every share holder benefit of it.

I hope it is more clear, but do not hesitate to ask questions, I understand that on the main game mechanic it is original and probably the first game of its kind.

10x? Is this a joke? Wow, very promising, somehow and from where I got to understand about this project, I just hope this project is not a scam, and certainly not disappointing, better this project got a new thread

Very difficult to understand the concept of this project, can you update the thread to be better, certainly that can be understood by many people, not just people who understand how the market goes into crypto, I'm very grateful if you can fix the thread to be more simple.

Easy one
Everything is clear on the website and in the description.

Let say that you have 451 tokens... just wait.
Every time someone play, he has 9 chances on 10 to purchase 10 tokens (if he looses). This will show in the exchange as a purchase of 10 tokens 10X at the price of 0.1 Ether.. What will do the value of your 451 tokens every time this will happen?
Understand the magic for the investors?

For the player, it is 1/10 to get 10 times what he plays, with a redistribution of 75% that beat any lottery system, great deal too, plus the security of course, who can trust the online Casino?

I need many Eth in order to pay for the expensive monthly ads that will attract the players as well as funding the "house". Everything is clear and logical.

I understand your concern, that's why I have made a simulator. You can find it when you scroll on the website. There is button "Game Simulator"
This script simulate 1000 -> 1,000,000 transactions and you can run it over and over to see the result. The math are the math, the bank cannot be broke.

Also I understand everyone concern about the greedy developers, I am interested by making money of course, like everyone else. But this concept is going to work.

Think about it. iDice is doing very well, but when the player looses, his money is gone.

In 10X when he looses he actually purchased 1/10 in tokens at the doomed price of 0.1 Ether! Let this sinking and imagine how it will move in the exchanges.

Plus I will publish the source code of the token soon. I am quite sure that programmers will back what I explain. It is a token specifically design to strive in the blockchain concept/exchanges. No need to build a dream like "save the kittens" or "solar clean energy" or futarchy blabla in the blockchain to attract investors.
Investors want the token goes up, that's what the 10X is doing everytime someone loose at the game.

 

10 for dev , 1 for investor 

this concept will surely attract newcomers but for those who do understand how the market goes inside crypto i think dev needs to create
more convincing updates its really a big doubt that will be build inside a mind when say you can afford to get 10x without losing anything
but lets see how this dev explain well or add additional info.

I don't understand the negativity. Trolling is easy, is there anyone interested in a new concept here? And if you are looking for brands, why not invest in Microsoft or Apple? I am not a newbie, I was trading at Fortis in 2000 what was you doing at this time?
Just saying. Please, just give a chance and read. This token will make its way anyway, because it is a real new interesting concept. Just read, and troll after.