PrezCoin: First gamified altcoin backed by escrowed bitcoins.
PrezCoin is a game built on the EmpireCoin blockchain gaming platform. In PrezCoin, you can win or lose money every hour by voting for Bernie Sanders, Donald Trump or Hillary Clinton. Every 60 minutes (approximately), one of these 3 candidates wins a round of voting. When a candidate wins, the total supply of prezcoins increases by 2% and the newly created coins are given out to everyone who voted for the winner. This game will last for 500 voting rounds, or approximately 3 weeks. Once the game is over, all Bitcoins that were paid in will be released from escrow and paid out to prezcoin holders in proportion to their final balances. Anyone can join PrezCoin by purchasing 20 prezcoins for $10 worth of Bitcoin. The game will start as soon as the first 10 people have joined. To get started, please follow this link: http://empirecoin.org/prezcoin/
Rules of the Game
1. Any candidate with more than 50% of the votes when the round ends is disqualified. The candidate with the next greatest number of votes wins.
2. Voting rounds consist of 60 blocks with blocks being mined approximately every minute. Voting transactions are tapered by a linear decrease function. This means that transactions confirmed in block 1 of the round count for 100%, while votes confirmed in block 30 count for 50% and votes confirmed in the final block of the round do not count at all.
3. Votes are based on the age of the UTXO being spent; therefore votes build up over time. For example, a UTXO for 10 coins which is spent in the first block of voting round 5 will count for 40 votes if it was created in a transaction from round 1.
For more information on the EmpireCoin gaming platform, please see this thread.
PrezCoin Free
A free version of PrezCoin is also available so that you can try out PrezCoin without putting any of your money at risk. Follow this link to try out the free game: http://empirecoin.org/prezcoin-free/
Voting pool administrators needed
PrezCoin winners are determined entirely by players' votes. Therefore players can benefit by collaborating together to influence the outcome of voting rounds. Players who are less active may wish to assign their voting decisions to active players without entrusting their money to anyone. This can be accomplished through voting pools. To set up your own voting pool, please visit the EmpireCoin API page.