[ANN] Billionaire Token - Games on the Blockchain! 🔥 Deflationary Algorithm - page 70.

gluedog

sr. member

Activity: 532

Merit: 250

Quote from: lukunku on August 29, 2017, 12:41:55 PM

Any other games in pipeline?

We plan to expand, yes. After the Billionaire Hold'em game is released, provided we are succesful we will obviously be looking into making more games and gaining an even bigger share of the crypto-gambling market (which we believe will grow exponentially as cryptocurrencies see wider and wider mass-adoption).

eggsandspamm

full member

Activity: 299

Merit: 100

Quote from: lukunku on August 29, 2017, 12:41:55 PM

Any other games in pipeline?

I'm hoping for a Blackjack game!

lukunku

member

Activity: 117

Merit: 100

sorry for noob question, better send eth or btc? and when sending, i have to fill in the mask with MY eth/bitcoin adress? if i forgot, what to do? i just send u an email..can u check?

lukunku

member

Activity: 117

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Any other games in pipeline?

gluedog

sr. member

Activity: 532

Merit: 250

Quote from: MrHeron on August 29, 2017, 12:31:50 PM

Quote from: gluedog on August 29, 2017, 12:21:19 PM

Quote from: kronos123 on August 29, 2017, 12:12:18 PM

Quote from: gluedog on August 29, 2017, 11:46:22 AM

Quote from: kronos123 on August 29, 2017, 11:43:18 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, 12:15:33 PM

Quote from: gluedog on August 29, 2017, 12:08:58 PM

Quote from: MrHeron on August 29, 2017, 12:03:14 PM

Quote from: gluedog on August 29, 2017, 11:59:29 AM

Quote from: MrHeron on August 29, 2017, 11:56:42 AM

Quote from: gluedog on August 29, 2017, 11:45:26 AM

Quote from: MrHeron on August 29, 2017, 11:36:24 AM

Quote from: gluedog on August 29, 2017, 11:32:42 AM

Quote from: Yankeeruinx on August 29, 2017, 10:25:14 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, 11:14:41 AM

Quote from: dakovic on August 29, 2017, 01:42:05 AM

Quote from: fishfishfish313 on August 28, 2017, 09:16:06 PM

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

Quote from: cryptogaga on August 28, 2017, 05:40:40 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.

gluedog

sr. member

Activity: 532

Merit: 250

Quote from: Yankeeruinx on August 29, 2017, 12:30:23 PM

Quote from: gluedog on August 29, 2017, 11:55:35 AM

Quote from: Yankeeruinx on August 29, 2017, 11:53:07 AM

Awesome Cryptopia is a good start. In regards to how the bonuses are spread out over the ICO today it is 45% but I see next week there is a day with 50% so surely it would be better to wait until next week and get 5% extra?

About the bonuses:

We said this was a gambling coin, so we designed the bonuses to appeal to the gamblers out there.
The idea is: You could wait until next week to get 5% more... however there is always the possibility of the tokens selling out before then.
That's the gamble:)

Ahh I see, so if I wait there might not be any tokens left next week so that's the risk in waiting. How many tokens are left?

We've sold 1,377,218/3,049,999 tokens.

There are 1,672,781 tokens left in the ICO account

MrHeron

newbie

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