Topic: [ANN] [ICO] Fairgrounds - A gambling site on the Ethereum blockchain (Read 403 times)
April 03, 2018, 05:01:01 AM
interesting project, i don’t know how successful they will be and there are lots of project based on gambling and hope to see more things on here
March 11, 2018, 04:02:04 AM
Roulette is now available for testing on the Rinkeby test network.
March 04, 2018, 01:36:12 AM
Added a screenshot of the current progress on Roulette. We are targeting Ropsten testing late next week.
March 02, 2018, 04:43:32 PM
When it is completed, it will be a gambling site and they will distribute bonus 4 a year, it is a different project, I mean in a way you become a shareholder. If I didn’t see it wrong, 35% of it is distributed among the token holders, and the resting part is burned?
Let me correct you a little here.
The distribution will happen 12 times a year.
Once a month, with the profit sharing contract already live.
Token holders will receive 100% of the profits
Fairgrounds will hold roughly 23% of the total tokens at the end of the sale, assuming the entire 50M tokens available are sold.
Unsold tokens will be burned.
Let's say you participate in the token sale (or play a few games and are rewarded). Either way you hold 1 million FGD tokens prior to the end of the token sale. For simplicity we'll assume that 25million of the 50million tokens are unsold. We will burn the remaining 25 million tokens, leaving the total supply at 75 million (originally 100 million). Instead of 1% of the tokens, you now hold 1/75 = 1.33%
March 02, 2018, 04:37:03 PM
Competitive analysis shows us that 1% should be efficient enough. The majority of dice games on the market are targetted at 1%. Edgeless is going as far as 0%, but depending on the player to make imperfect bets. This is a yet proven business model.
We are raising initial funds via this token sale to support short term initiatives. Longer term initiatives will be supported by raising the total bet limits, and maintaining a healthy bankroll.
We are raising initial funds via this token sale to support short term initiatives. Longer term initiatives will be supported by raising the total bet limits, and maintaining a healthy bankroll.
March 02, 2018, 10:44:44 AM
Roadmap update: We've completed initial development of the smart contract of our second game. We will be offering Roulette with a 1% house edge (vs. traditional 5% house edge found at casinos). Ropsten testing should be available in the coming couple of weeks.
why was 1% chosen, is there enough profitability to support the game with only 1%. how you will be supported by such a low fee. March 02, 2018, 10:19:22 AM
Once completed, it will be a casino site and distribute profits four times a year, it is an interesting project, you are becoming a partner in a sense. I don’t know how successful they will be. There are lots of project based on gambling and bet. New ones don’t make any exciting. I’m tired of seeing almost.
March 01, 2018, 02:15:57 AM
How do you compete with Cashbet?
February 27, 2018, 08:52:05 AM
When it is completed, it will be a gambling site and they will distribute bonus 4 a year, it is a different project, I mean in a way you become a shareholder. If I didn’t see it wrong, 35% of it is distributed among the token holders, and the resting part is burned?
February 24, 2018, 01:07:27 PM
May I ask for the bounties for Korean translation?
Korean is still available. Apply using this form: https://docs.google.com/forms/d/e/1FAIpQLSe91pNoqGh-qNdjW78PUnzSRzbptu4drbOlvAArtt70036ufQ/viewform?usp=sf_link
Speaking of which, the site has now been updated with 4 new translations of the whitepaper: Hindi, Turkish, Spanish and Filipino!
February 24, 2018, 02:29:01 AM
May I ask for the bounties for Korean translation?
February 24, 2018, 01:22:54 AM
Roadmap update: We've completed initial development of the smart contract of our second game. We will be offering Roulette with a 1% house edge (vs. traditional 5% house edge found at casinos). Ropsten testing should be available in the coming couple of weeks.
February 22, 2018, 01:22:21 AM
We have some translation bounties available if you are interested.
February 20, 2018, 11:09:47 AM
are there translation bounties dev? i'm reserving Filipino translation.
Filipino has already been reserved. There is a queue with about 3 other people in it as well.
February 17, 2018, 04:15:26 AM
are there translation bounties dev? i'm reserving Filipino translation.
Filipino has already been reserved. There is a queue with about 3 other people in it as well.
February 16, 2018, 01:46:43 PM
Can I post content from you other sources on my Instagram page? Is there a limit to the number of bounty participants on Instagram?
February 16, 2018, 01:45:31 PM
are there translation bounties dev? i'm reserving Filipino translation.
February 16, 2018, 01:09:35 PM
cool. what differentiates you from Etheroll -- the additional games?
Yes, and continuous distribution of profits. No single week where distributions are allowed, and all transfers are blocked. Given the popularity of flip/dice games, we will be adding that to our roadmap too. Token sale is needed to help build the bankroll.
February 16, 2018, 01:02:06 AM
cool. what differentiates you from Etheroll -- the additional games?
February 15, 2018, 04:42:54 AM
We've pushed an update to allow for interactions with the profit sharing site. Since token sale participants will receive their tokens immediately, those participating in the next 3 weeks will be eligible to a share of the profits during the next distribution period (~ 3.5 weeks from today).
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