[ANN] Billionaire Token - Games on the Blockchain! 🔥 Deflationary Algorithm - page 69.

MrHeron

newbie

Activity: 23

Merit: 0

Quote from: gluedog on August 29, 2017, 01:42:12 PM

Quote from: MrHeron on August 29, 2017, 01:33:58 PM

I can't find any info about you forming a corporation, is this something you plan to do in the future, or is it something that I've just overlooked?

In terms of incorporating we are in contact with legal representation who is advising us in moving forward.

do you have a link to your github yet?

gluedog

sr. member

Activity: 532

Merit: 250

Quote from: MrHeron on August 29, 2017, 01:33:58 PM

I can't find any info about you forming a corporation, is this something you plan to do in the future, or is it something that I've just overlooked?

In terms of incorporating we are in contact with legal representation who is advising us in moving forward.

MrHeron

newbie

Activity: 23

Merit: 0

Quote from: gluedog on August 29, 2017, 01:16:54 PM

Quote from: MrHeron on August 29, 2017, 01:09:01 PM

Quote from: gluedog on August 29, 2017, 12:57:06 PM

Quote from: MrHeron on August 29, 2017, 12:48:36 PM

Is it going to be available for apple too? Sadly I don't use android.

We have plans to make it available for IOS in the future, however the Android release will come before the IOS one.

That's good to know.

Since mobile has other security issues these days do you have plans for additional security to be put in place on the poker game app? Customer account verification?

People will need to handle Ethereum transactions from their phones. The XBL with which they will play the poker game with, will be sent to a Smart Contract that controls the game.

We will do our best to make the poker game un-exploitable by any means, but in the end players are responsible for their own device's security and we can't know or control what other 3rd party programs are running on their vulnerable smartphones.

I can't find any info about you forming a corporation, is this something you plan to do in the future, or is it something that I've just overlooked?

gluedog

sr. member

Activity: 532

Merit: 250

We now officially have just 1 hour left of today's 45% bonus. What follows is day #4 of our ICO with 35% bonus.

We will be having a 50% bonus on day #11 (in case we do not sell out by then) so stay tuned for that.

gluedog

sr. member

Activity: 532

Merit: 250

Quote from: MrHeron on August 29, 2017, 01:09:01 PM

Quote from: gluedog on August 29, 2017, 12:57:06 PM

Quote from: MrHeron on August 29, 2017, 12:48:36 PM

Is it going to be available for apple too? Sadly I don't use android.

We have plans to make it available for IOS in the future, however the Android release will come before the IOS one.

That's good to know.

Since mobile has other security issues these days do you have plans for additional security to be put in place on the poker game app? Customer account verification?

People will need to handle Ethereum transactions from their phones. The XBL with which they will play the poker game with, will be sent to a Smart Contract that controls the game.

We will do our best to make the poker game un-exploitable by any means, but in the end players are responsible for their own device's security and we can't know or control what other 3rd party programs are running on their vulnerable smartphones.

MrHeron

newbie

Activity: 23

Merit: 0

Quote from: gluedog on August 29, 2017, 12:57:06 PM

Quote from: MrHeron on August 29, 2017, 12:48:36 PM

Is it going to be available for apple too? Sadly I don't use android.

We have plans to make it available for IOS in the future, however the Android release will come before the IOS one.

That's good to know.

Since mobile has other security issues these days do you have plans for additional security to be put in place on the poker game app? Customer account verification?

gluedog

sr. member

Activity: 532

Merit: 250

Quote from: MrHeron on August 29, 2017, 12:48:36 PM

Is it going to be available for apple too? Sadly I don't use android.

We have plans to make it available for IOS in the future, however the Android release will come before the IOS one.

MrHeron

newbie

Activity: 23

Merit: 0

Quote from: gluedog on August 29, 2017, 12:21:56 PM

Quote from: MrHeron on August 29, 2017, 12:02:47 PM

Quote from: gluedog on August 29, 2017, 11:34:40 AM

Quote from: MrHeron on August 29, 2017, 11:31:50 AM

Quote from: gluedog on August 29, 2017, 11:21:19 AM

Quote from: kronos123 on August 29, 2017, 11:12:18 AM

Quote from: gluedog on August 29, 2017, 10:46:22 AM

Quote from: kronos123 on August 29, 2017, 10:43:18 AM

Hi Gluedog I read that before sending Eth, Btc or Ltc you have to register at the Billionaire site.
I did this but now I have to wait for a confirmation email or can I already send my money back to the contract?
Thank you

Hello,

We have you logged in our database, you won't receive a confirmation e-mail.

Just go ahead and send the funds, and e-mail us at [email protected] with your transaction ID and we will send you the tokens.

Thanks

Hi Gluedog, I just joined Ico and sent my Eth to the contract listed on your site.
I also sent mail to you with TxHash. How long can I find XBL in my Myetherwallet address?
Thank you

Hey, I just sent the transaction. Should be confirmed in about 2-10 minutes.

Quote from: MrHeron on August 29, 2017, 11:15:33 AM

Quote from: gluedog on August 29, 2017, 11:08:58 AM

Quote from: MrHeron on August 29, 2017, 11:03:14 AM

Quote from: gluedog on August 29, 2017, 10:59:29 AM

Quote from: MrHeron on August 29, 2017, 10:56:42 AM

Quote from: gluedog on August 29, 2017, 10:45:26 AM

Quote from: MrHeron on August 29, 2017, 10:36:24 AM

Quote from: gluedog on August 29, 2017, 10:32:42 AM

Quote from: Yankeeruinx on August 29, 2017, 09:25:14 AM

So which exchanges are you thinking of hitting first? Also if all the tokens are sold before the ICO finishes will this push forward the date when they will be listed or will you be sticking to the original schedule?

We're going to try for Cryptopia first, and then the rest of the exchanges listed in the first page.

Quote from: MrHeron on August 29, 2017, 10:14:41 AM

Quote from: dakovic on August 29, 2017, 12:42:05 AM

Quote from: fishfishfish313 on August 28, 2017, 08:16:06 PM

Quote from: eggsandspamm on August 28, 2017, 05:06:06 PM

Quote from: cryptogaga on August 28, 2017, 04:40:40 PM

I read this up and down and still do not understand what the burning of coins you guys mean, is it that holders of you coin will choose to participate in a burn process or it is automatic for all holders?

In order to reward deflation this coin was rewarding users with 125% of coins burns as a reward but I believe that bounty campaign has since ended.

Yea, people were quick to burn what they had, depleting the Bounty account. The raffle will have a burner smart contract implemented.

Quote

Another key ingredient to the deflationary mechanism that is embedded into Billionaire Token is the
Decentralized Burner Smart Contract. The Burner receives 20% of the tokens that are sent to the weekly
raffle.

Quote

The weekly Become a Billionaire decentralized raffle will be the basis of the deflationary mechanism
for Billionaire Token. Every week, users can send 20 XBL to an Ethereum Smart Contract address – this
is the equivalent of buying one ticket, more tickets mean a better chance to win. Users can buy an
unlimited number of tickets to increase their chances. At the end of the week, the Smart Contract will
choose three winners at random. First place will get 40% of the tokens that were raised during that week,
second place gets 20% and third place gets 10%. From the remaining 30% of the tokens: 10% are burned
– as an offering to the market gods. The other 20% are sent to another Smart Contract Address that works
like a twisted faucet – rewarding people for burning their own coins.
The Become a Billionaire raffle Smart Contract will run forever, and will have an internal timer that
will reset itself every seven days. The players are registered to the Raffle by creating an internal mapping,
inside the Smart Contract, a mapping of every address that registers tokens to it and their associated
number of tickets. This mapping is reset every time the internal timer resets (every seven days).

I am sure that a more thorough guide will be created for users who may not be familiar with Smart Contracts. The way I understand it, is the Burner must be "called on" to burn, and must have the tokens (the 20 percent received from the raffle) or it cannot burn any tokens. So, the more people who play the raffle, the more tokens will be in the Burner. 10 percent are burned immediately, as an offering to the market Gods lol . .

So, over time, the supply will diminish. With the upcoming poker game, which should be going because the ICO looks like it has been successful already, even in it's third day . . this will create demand. Demand on exchanges as well. Demand for the raffle. And demand for the Burner. All in all, a good formula for economic gain.

Are the devs going to put a limit in how much can be burned? Like lets say the supply has burned down to 1m left, will they still keep burning?

I'd like to know the answer to this, maybe your cut off is 100k?

There is no limit to how many coins can be burned. The amount burned will be a percentage of all the coins sent to the raffle.

So obviously as the supply will get lower and lower, this percentage will mean less and less coins getting burned.

We'll let the users decide how many coins will be burned, we won't impose any limits on that.

So what happens if there's only one person to put in for the raffle? Do they get their money back automatically? Is their a limit to the number of people who can participate in the raffle? Like 2 ppl - to a maximum?

Yes, if there are 2 people or less participating in the raffle they will get their money back.

There have to be three or more people (accounts) that participate in the raffle for it to work as described.

So is there a maximum or no? Does the smart contract allow for their to be an unlimited number of participants?

That is correct. The contract will allow for an unlimited number of participants.

What about security? How can we be certain that teh integrity of the raffle say from in house cheating?

Well, as we have explained the raffle will be an Ethereum Smart Contract. It will be open-source so everyone can read the code. The code will pass through a series of security audits and peer reviews before being deployed. You can just look at the code and tell everything the contract does. So there is a 0% chance of hiding anything or cheating etc.

The "house" doesn't get anything from the raffle. It will function on its own on the Ethereum network, outside of our control.

How about from malicious attack? Can someone 'hack' the raffle without someone being aware? Or could someone stack the odds in their favor by entering into the raffle with multiple accounts? I'm sorry I don't know a lot about smart contracts.

I am glad you asked.

This is exactly why the code will pass through a series of security audits/ code reviews before being deployed. We want to make sure it is completely non-vulnerable to the exploiting of bugs in the programming logic.

Thank you for all the info

Do you know when the code for the poker game is going to be available? Are you going to use github?

We don't know exactly when the poker game will be available but we want to push the release of the alpha version in Q1 or Q2 of 2018.

Yes we will use GitHub for all the code, including the XBL Contract and the Raffle and the Burner.

Have you gotten far enough into the development of the poker game that you kno which programming language you are going to use?

C++ for desktop and Java for Android

Yes, it will be available for android as well in the future.

Is it going to be available for apple too? Sadly I don't use android.

Yankeeruinx

full member

Activity: 443

Merit: 107

No of course and I respect that. It's like a breath of fresh air to find an open and honest dev. Too many over promise and hype things up to get as much money as possible. I like how you are a lot more realistic in your goals and targets but also have a bigger picture in mind for the future too.

Keep up the good work and I look forward to closely following this project and watching it grow.

gluedog

sr. member

Activity: 532

Merit: 250

Quote from: Yankeeruinx on August 29, 2017, 12:31:43 PM

Quote from: gluedog on August 29, 2017, 12:22:42 PM

Quote from: Yankeeruinx on August 29, 2017, 12:16:32 PM

When you say that in the future are looking at adding new games is the big picture to evolve this project into an online casino if it takes off and you secure the funding needed?

yes:)

Wow so there is a much bigger vision for this project than what is currently shown. That's good to know as it will massively increase my investment if I hold it for a while and let you guys do your work.

Yes, there is indeed a much bigger vision for this project.

However we don't want to promise things that we might not be able to deliver.
We're still at a very early stage.. We have listed the things that we know for sure we can deliver. And so far people seem to like it.
This matters a lot to me.