Topic: 🚀 [ANN][ICO] ByteBet:P2P betting platform - 10M total supply - 30% Discount - page 2. (Read 1044 times)

Hi , I still would like to know how will be distributed the coins to bounty? How much coins we will receive after the bounty and then how many coins and at what lying, thank you. On the website I have read and not really understood it.

FOR CONTENT CREATION:

Receive BBET tokens when you publish high-quality material about ByteBet on your blog, website, Youtube channel, or email list.

Rules

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Reward:
From 10 BBET to 100 BBET depending on the quality of your content and popularity of your website or channel.

Complete this form after you publish your content to receive reward.
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TRANSLATION:

Earn 5 BBET tokens by translating our BitcoinTalk thread.

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The translation must be high quality; not done by using google translate.
We’re looking for translations in the following languages: Russian, Chinese, German, Arabic, Hebrew, French, Korean, Portuguese, Japanese

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Twitter
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Facebook

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Please note

This bounty program will close when either the ByteBet token donation has ended or the maximum amount has been reached.

When will you receive your reward?

Bounties will be distributed after the end of each token donation round. If you have any questions, feel free to ask on our Rocket chat group. https://bytebet.rocket.chat/

Thank you for the supportive comment!  We're working day and night to make this project a reality.

We're determined to create a platform that gives betting back to people, where conditions are much fairer compared to the old gambling model. It means that our profit will be lower, but still have to make sure that ByteBet will be profitable.

Yeah, errors can (and will) occur when the platform is launched so this is why we will let only just a small amount of people in the platform to test the very first version. As the system becomes more stable, we will open it up for more people.

We're a small team, so as you said it's crucial to get more team members on board. Our intention is to kickstart the project with a small team and then focus our efforts to find talented people who can help us build ByteBet.

Hi guys,

Looks like a good platform that I've never heard of before. Gambling in a way that users bet against each other is different from the current betting websites I know of and would it would be nice to experience this new way of gambling. I just have to see where it is going with respect to the result of each bet and whether it will be possible to place so many bets at one time, say for example a weekend where more people use gambling sites to bet on sport events, if it is still possible to check whether all bets are valid and if the community is acting in a fair way to provide 100% true outcomes.

The cool things about ByteBet is that they will pay all coinholders, I would see this as a dividend for people that hold the coin in their wallet. In the white paper it stated that 0.25% of the fees paid on creating a bet will be redistributed to people that own the coin in the portfolio. By holding the coin you will receive ByteBet coins if someone is using them on the ByteBet platform. Moreover the fees paid, the people that help verify the created bet will also be rewarded with 0.5% of the total bet placed which is an argument that the community will act in a fair way in order to receive some ByteBet coins!

Besides, all betting sites I know of are making huge profits today and their revenues are still increasing. You may have heard that there are already a few betting websites that make use of cryptocurrency right now, I would say that this one is quite different and is not focusing on the huge profits but more on its users itself, let's say its community. It is the same as the other altcoins in the market but adding this unique feature which might turn out to be a very interesting way of gambling between people. However there is no real evidence that this way of gambling works, I would still invest some money into this project to see whether it works and to see if this can become a game changing gambling platform.

I do see potential in the idea of this gambling site and am looking forward to see where things are going, only point that I think will be hard to implement is all the technology to get everything exactly right the way it is supposed to without any errors. These errors can occur because it is a new concept which has not yet been tested, so I am only a bit scared that people might gain an advantage by something where ByteBet is not thinking about right now. However, we can only know whether there is any error when the platform is running.

The team is also looking a bit small to me, they say that they are making use of freelancers to get things done. I would say that ByteBet should increase its team in order to make the concept more trustworthy. However, I think that a team of 2 + freelancers has a possibility to lead to succes, other investors might want to see a bigger team and maybe advisors before putting some money into a project like this!

Let me know if I am missing anything on this forum please and Good Luck to this project!


 

We let the community decide on the results, any members can vote on what really happened. We are using game theory techniques to filter out the "lies". By ‘punishing’ the ones who voted on the false result and rewarding the others. This way we can minimalize the number of false results. 

Currently, we’re working on the technical details. Stay tuned for our coming whitepaper.

This sounds good, but I don't understand how your are planning to get the result of the bet? Are you using oracle with some sort of a machine learning AI to get the result from different sources? Or just somebody will sit in front of their computer and google the question for it?