[ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery. - page 19.

stil55

sr. member

Activity: 406

Merit: 250

Quote from: Rumipl on October 24, 2017, 12:41:37 PM

SmartBillions lottery improvements list — 24.10.

Dear SmartBillions community!

We are happy to share the news that the daily number of SmartBillions lottery tickets played has grown to 1,288 tickets (record set 20.10).
We’d also like to congratulate the first 4-hit WINNER! The highest payout of 4 ETH (500x bet value) was scooped up by the lucky winner on 22.10.

Here are the latest SmartBillions lottery interface improvements:

The SmartBillions web wallet has been introduced. Players are now able to create a new wallet or use their existing wallets to purchase lottery tickets using the SmartBillions web wallet interface. The SmartBillions web wallet makes it easier to play the lottery, with its user-friendly layout. Players are now able to purchase lottery tickets with just one click, without having to go through the complicated procedures required by the Metamask wallet system.

Players will also be able to use their web wallet on their mobile devices. Purchasing SmartBillions lottery tickets on mobile devices has never been simpler, and we expect dynamic growth in ticket sales revenue in the coming days.

How to use your SmartBillions web wallet:

1. Go to “Wallet” at the bottom of the “Play” site.
2. Select how you want to access your SmartBillions web wallet.
3. If you want to create a new wallet please select “Create new wallet”
a. Please enter your password — you will use this password to access the SmartBillions web wallet on the “Play” site.
b. Congratulations! You’ve created your SmartBillions web wallet.
c. Please export your mnemonic phrase and save it. This is your address recovery phrase and you will be able to use it to access your wallet as well.
d. To purchase lottery tickets, please send the desired value in ETH to your account address.
4. If you’ve already created or imported a wallet to the SmartBillions web wallet app, please select unlock wallet and enter your password.
5. To import your wallet please enter your wallet’s individual mnemonic phrase.

After the beta testing phase of the SmartBillions web wallet, a multiple bet functionality will be implemented.

Hello Dev this is excellent news from the project the team is working and the project is developing I hope with the release of this news more investors will join the project. The project has a great potential for development. The advertising company should be more active and sustainable in social networks to attract many investors.

rezurect

sr. member

Activity: 686

Merit: 250

Quote from: Rumipl on October 24, 2017, 12:41:37 PM

SmartBillions lottery improvements list — 24.10.

Dear SmartBillions community!

We are happy to share the news that the daily number of SmartBillions lottery tickets played has grown to 1,288 tickets (record set 20.10).
We’d also like to congratulate the first 4-hit WINNER! The highest payout of 4 ETH (500x bet value) was scooped up by the lucky winner on 22.10.

Here are the latest SmartBillions lottery interface improvements:

The SmartBillions web wallet has been introduced. Players are now able to create a new wallet or use their existing wallets to purchase lottery tickets using the SmartBillions web wallet interface. The SmartBillions web wallet makes it easier to play the lottery, with its user-friendly layout. Players are now able to purchase lottery tickets with just one click, without having to go through the complicated procedures required by the Metamask wallet system.

Players will also be able to use their web wallet on their mobile devices. Purchasing SmartBillions lottery tickets on mobile devices has never been simpler, and we expect dynamic growth in ticket sales revenue in the coming days.

How to use your SmartBillions web wallet:

1. Go to “Wallet” at the bottom of the “Play” site.
2. Select how you want to access your SmartBillions web wallet.
3. If you want to create a new wallet please select “Create new wallet”
a. Please enter your password — you will use this password to access the SmartBillions web wallet on the “Play” site.
b. Congratulations! You’ve created your SmartBillions web wallet.
c. Please export your mnemonic phrase and save it. This is your address recovery phrase and you will be able to use it to access your wallet as well.
d. To purchase lottery tickets, please send the desired value in ETH to your account address.
4. If you’ve already created or imported a wallet to the SmartBillions web wallet app, please select unlock wallet and enter your password.
5. To import your wallet please enter your wallet’s individual mnemonic phrase.

After the beta testing phase of the SmartBillions web wallet, a multiple bet functionality will be implemented.

Great, nice update rumipl.
Can't wait to see this grow more and more, whether it'll be in or outside of the ico phase, I can only see this project move up.

glennmatthew

sr. member

Activity: 462

Merit: 253

Quote from: longasleep on October 24, 2017, 01:28:00 PM

above post just shows how awesome this project really is.
we come with ideas get implemented in a few days how awesome is that.
upping my investment when i can buy some eth ^^ later today.

yes this project wont give you 100x your investment right away but it has passive income and nothing beats passive income in my world.

Exactly what I thing longasleep. The team are awesome, they are quick to respond to PM's, they look after the community and are quick to implement upgrades and fixes.

Ticks all boxes for me! Can't wait till my smart tokens from bounty come in Wink

Considering to invest a fair amount too!

longasleep

member

Activity: 82

Merit: 10

above post just shows how awesome this project really is.
we come with ideas get implemented in a few days how awesome is that.
upping my investment when i can buy some eth ^^ later today.

yes this project wont give you 100x your investment right away but it has passive income and nothing beats passive income in my world.

Rumipl

full member

Activity: 261

Merit: 100

SmartBillions lottery improvements list — 24.10.

Dear SmartBillions community!

We are happy to share the news that the daily number of SmartBillions lottery tickets played has grown to 1,288 tickets (record set 20.10).
We’d also like to congratulate the first 4-hit WINNER! The highest payout of 4 ETH (500x bet value) was scooped up by the lucky winner on 22.10.

Here are the latest SmartBillions lottery interface improvements:

The SmartBillions web wallet has been introduced. Players are now able to create a new wallet or use their existing wallets to purchase lottery tickets using the SmartBillions web wallet interface. The SmartBillions web wallet makes it easier to play the lottery, with its user-friendly layout. Players are now able to purchase lottery tickets with just one click, without having to go through the complicated procedures required by the Metamask wallet system.

Players will also be able to use their web wallet on their mobile devices. Purchasing SmartBillions lottery tickets on mobile devices has never been simpler, and we expect dynamic growth in ticket sales revenue in the coming days.

How to use your SmartBillions web wallet:

1. Go to “Wallet” at the bottom of the “Play” site.
2. Select how you want to access your SmartBillions web wallet.
3. If you want to create a new wallet please select “Create new wallet”
a. Please enter your password — you will use this password to access the SmartBillions web wallet on the “Play” site.
b. Congratulations! You’ve created your SmartBillions web wallet.
c. Please export your mnemonic phrase and save it. This is your address recovery phrase and you will be able to use it to access your wallet as well.
d. To purchase lottery tickets, please send the desired value in ETH to your account address.
4. If you’ve already created or imported a wallet to the SmartBillions web wallet app, please select unlock wallet and enter your password.
5. To import your wallet please enter your wallet’s individual mnemonic phrase.

After the beta testing phase of the SmartBillions web wallet, a multiple bet functionality will be implemented.

lovemsngr

full member

Activity: 434

Merit: 100

Quote from: BigBoy89 on October 23, 2017, 06:25:09 PM

Quote from: longasleep on October 23, 2017, 01:07:59 PM

i dont see the big deal ^^ it has awesome potential i invest 40 eth into it.
lets say it fails i can withdraw part of my investment not sure how but i know its in the contract code.

im not worried and i hope people will start investing more into it ^^ its a great underrated project.

40 ETH is bold investment in project who's misleading the auditory about winning and when comparison with competitions.

Is there any stats how much SmartBillions collected in their first week?

Approximately 1000eth

BigBoy89

legendary

Activity: 1512

Merit: 1011

Quote from: longasleep on October 23, 2017, 01:07:59 PM

i dont see the big deal ^^ it has awesome potential i invest 40 eth into it.
lets say it fails i can withdraw part of my investment not sure how but i know its in the contract code.

im not worried and i hope people will start investing more into it ^^ its a great underrated project.

40 ETH is bold investment in project who's misleading the auditory about winning and when comparison with competitions.

Is there any stats how much SmartBillions collected in their first week?

CryptoRobert

sr. member

Activity: 1015

Merit: 289

Yes, it is incredibly underrated. I guess that the reason why you don't have so much contribution is that this project doesn't make you dream of a 100X rise like others (something which anyway almost never happens). But this project promises you a very reasonable gain of 30% yearly - much better that to keep your money sitting in your wallet, and with almost no risk. It is a serious investment, but not so many people think seriously in cryptos.

longasleep

member

Activity: 82

Merit: 10

i dont see the big deal ^^ it has awesome potential i invest 40 eth into it.
lets say it fails i can withdraw part of my investment not sure how but i know its in the contract code.

im not worried and i hope people will start investing more into it ^^ its a great underrated project.

ZaoXhou

sr. member

Activity: 467

Merit: 251

Hey dev, any updates on the project. Eagerly awaiting more news.

EDIT: good update below Cool

Naficopa

hero member

Activity: 2002

Merit: 516

Quote from: gadgetino on October 22, 2017, 03:01:46 PM

Quote from: stil55 on October 22, 2017, 01:40:00 PM

Hi, say for the first day of the ICO launch, the project collected about 2000 ETN, but then the fees decreased, what is the reason for the smaller project fees?

the project is going to the moon because is a great project with a great team Grin

I'm not sure where you see this moon..? Probably behind your window.. Wink

Better check etherscan for ICO wallet - it doesn't looks well for this project.. :/

gadgetino

full member

Activity: 278

Merit: 100

Quote from: stil55 on October 22, 2017, 01:40:00 PM

Hi, say for the first day of the ICO launch, the project collected about 2000 ETN, but then the fees decreased, what is the reason for the smaller project fees?

the project is going to the moon because is a great project with a great team Grin

stil55

sr. member

Activity: 406

Merit: 250

Hi, say for the first day of the ICO launch, the project collected about 2000 ETN, but then the fees decreased, what is the reason for the smaller project fees?

Naficopa

hero member

Activity: 2002

Merit: 516

Quote from: Next-Level on October 22, 2017, 11:47:33 AM

However, if you compare this ICO to most others that potentially allows the owners to take the entire fund and disappear with, it is a very small risk, anyway.

And at this point you are 100% right. I hope there will be more investors who will believe in the success of this project! Time will show!

Next-Level

newbie

Activity: 33

Merit: 0

Quote from: Naficopa on October 22, 2017, 10:30:36 AM

Quote from: Next-Level on October 22, 2017, 10:26:49 AM

Quote from: Naficopa on October 22, 2017, 10:21:50 AM

Quote from: Next-Level on October 22, 2017, 10:14:52 AM

The case that is discussed here is discovered in the whitepaper under 8c.

As pointed out, it concerns only the SURPLUS. NOT other investments or users balances.

IF they get more than 50% of the total investments in the ICO, one could indeed withdraw this surplus, but with 50% of the dividend pie, that would not make sense at all

Would be like slaughtering the cow while they give tons of milk .

Apropos milk -->http://credit4u.info Smiley

It would make sense if the developers did not intend to pay dividends just keep them in their wallet.. Or maybe I misunderstood something?

The dividend payout is controlled only by the contract, not admin.

If admin can withdraw funds, in my opinion he will also have possibility to block dividend payouts.. I'm not sure how it work exactly, but it doesn't look safe for me..

"I'm not sure how it work exactly" - I don't want to offend you, but that is the point. If you are able to interpret the code, you would see the dividend function is in no way manipulable.

BTW, the more people invest in it, the less is such a 50% abuse possible ^^

However, if you compare this ICO to most others that potentially allows the owners to take the entire fund and disappear with, it is a very small risk, anyway.

Naficopa

hero member

Activity: 2002

Merit: 516

Quote from: Next-Level on October 22, 2017, 10:26:49 AM

Quote from: Naficopa on October 22, 2017, 10:21:50 AM

Quote from: Next-Level on October 22, 2017, 10:14:52 AM

The case that is discussed here is discovered in the whitepaper under 8c.

Code:

c. Lottery Closing
In the event of unexpected circumstances (such as Ethereum protocol changes) which could affect the lottery and endanger the funds stored in the Jackpot, the contract allows Admin to withdraw surplus funds from the Jackpot remaining after settling all outstanding smart contract obligations, such as:
- Redemption of all remaining SMART Tokens, and
- Payout of all outstanding lottery prizes.
Admin will be allowed to withdraw the surplus from the Jackpot only if more than 50% of all SMART Tokens are redeemed. In this situation, it will be clear that lottery security might be vulnerable and that its funds must be secured. As a consequence, all the surplus funds will be allocated to the Jackpot of a new, comprehensively secured and updated lottery and the
players and all relevant parties will be notified immediately and continuously updated during the process.
There are no other circumstances under which funds from the Jackpot can be withdrawn by any party.

As pointed out, it concerns only the SURPLUS. NOT other investments or users balances.

IF they get more than 50% of the total investments in the ICO, one could indeed withdraw this surplus, but with 50% of the dividend pie, that would not make sense at all

Would be like slaughtering the cow while they give tons of milk .

Apropos milk -->http://credit4u.info Smiley

It would make sense if the developers did not intend to pay dividends just keep them in their wallet.. Or maybe I misunderstood something?

The dividend payout is controlled only by the contract, not admin.

If admin can withdraw funds, in my opinion he will also have possibility to block dividend payouts.. I'm not sure how it work exactly, but it doesn't look safe for me..

Next-Level

newbie

Activity: 33

Merit: 0

Quote from: Naficopa on October 22, 2017, 10:21:50 AM

Quote from: Next-Level on October 22, 2017, 10:14:52 AM

The case that is discussed here is discovered in the whitepaper under 8c.

Code:

c. Lottery Closing
In the event of unexpected circumstances (such as Ethereum protocol changes) which could affect the lottery and endanger the funds stored in the Jackpot, the contract allows Admin to withdraw surplus funds from the Jackpot remaining after settling all outstanding smart contract obligations, such as:
- Redemption of all remaining SMART Tokens, and
- Payout of all outstanding lottery prizes.
Admin will be allowed to withdraw the surplus from the Jackpot only if more than 50% of all SMART Tokens are redeemed. In this situation, it will be clear that lottery security might be vulnerable and that its funds must be secured. As a consequence, all the surplus funds will be allocated to the Jackpot of a new, comprehensively secured and updated lottery and the
players and all relevant parties will be notified immediately and continuously updated during the process.
There are no other circumstances under which funds from the Jackpot can be withdrawn by any party.

As pointed out, it concerns only the SURPLUS. NOT other investments or users balances.

IF they get more than 50% of the total investments in the ICO, one could indeed withdraw this surplus, but with 50% of the dividend pie, that would not make sense at all

Would be like slaughtering the cow while they give tons of milk .

Apropos milk -->http://credit4u.info

It would make sense if the developers did not intend to pay dividends just keep them in their wallet.. Or maybe I misunderstood something?

The dividend payout is controlled only by the contract, not admin.

Naficopa

hero member

Activity: 2002

Merit: 516

Quote from: Next-Level on October 22, 2017, 10:14:52 AM

The case that is discussed here is discovered in the whitepaper under 8c.

Code:

c. Lottery Closing
In the event of unexpected circumstances (such as Ethereum protocol changes) which could affect the lottery and endanger the funds stored in the Jackpot, the contract allows Admin to withdraw surplus funds from the Jackpot remaining after settling all outstanding smart contract obligations, such as:
- Redemption of all remaining SMART Tokens, and
- Payout of all outstanding lottery prizes.
Admin will be allowed to withdraw the surplus from the Jackpot only if more than 50% of all SMART Tokens are redeemed. In this situation, it will be clear that lottery security might be vulnerable and that its funds must be secured. As a consequence, all the surplus funds will be allocated to the Jackpot of a new, comprehensively secured and updated lottery and the
players and all relevant parties will be notified immediately and continuously updated during the process.
There are no other circumstances under which funds from the Jackpot can be withdrawn by any party.

As pointed out, it concerns only the SURPLUS. NOT other investments or users balances.

IF they get more than 50% of the total investments in the ICO, one could indeed withdraw this surplus, but with 50% of the dividend pie, that would not make sense at all

It would make sense if the developers did not intend to pay dividends just keep them in their wallet.. Or maybe I misunderstood something?

Next-Level

newbie

Activity: 33

Merit: 0

The case that is discussed here is discovered in the whitepaper under 8c.

Code:

c. Lottery Closing
In the event of unexpected circumstances (such as Ethereum protocol changes) which could affect the lottery and endanger the funds stored in the Jackpot, the contract allows Admin to withdraw surplus funds from the Jackpot remaining after settling all outstanding smart contract obligations, such as:
- Redemption of all remaining SMART Tokens, and
- Payout of all outstanding lottery prizes.
Admin will be allowed to withdraw the surplus from the Jackpot only if more than 50% of all SMART Tokens are redeemed. In this situation, it will be clear that lottery security might be vulnerable and that its funds must be secured. As a consequence, all the surplus funds will be allocated to the Jackpot of a new, comprehensively secured and updated lottery and the
players and all relevant parties will be notified immediately and continuously updated during the process.
There are no other circumstances under which funds from the Jackpot can be withdrawn by any party.

As pointed out, it concerns only the SURPLUS. NOT other investments or users balances.

IF they get more than 50% of the total investments in the ICO, one could indeed withdraw this surplus, but with 50% of the dividend pie, that would not make sense at all

Would be like slaughtering the cow while they give tons of milk .

Apropos milk -->http://credit4u.info

vroom

legendary

Activity: 1303

Merit: 1681

a Cray can run an endless loop in under 4 hours

Quote from: § on October 22, 2017, 08:06:28 AM

Quote from: Naficopa on October 22, 2017, 07:38:26 AM

Quote from: mv_USA_devnull on October 22, 2017, 06:49:04 AM

Quote from: glennmatthew on October 21, 2017, 02:38:42 PM

Quote from: Jerry_Hype on October 21, 2017, 02:18:31 PM

It is quite obvious that it's a scam. They initially left a loophole for themselves, withdraw money and disappear. It means, they expected to withdraw funds in advance to avoid paying money to that hacker.

Get out of here with your newbie 1 post account. Stop creating new accounts and spreading FUD.

This function is clearly described in the whitepaper, and it aint no loophole.

I'll explain it in a simple way for your simple mind:
1. ETH address sends ETH to smart contract
2. Smart contract creates & sends SMART tokens to ETH sender address
3. SMART tokens can be 'traded in' and the ETH is returned to original address.

This function is available to anyone who sends money into the smart contract. By sending 1500 ETH to the contract the dev's are permitted to withdraw 1500 ETH and no more.

This is not the whole story. They CAN withdraw the jackpot if they hold more than 50% of all investments.

It’s this two lines of code:

Code:

if(investBalance >= investBalanceGot / 2){ // additional jackpot protection
    require((_amount <= this.balance / 400) && coldStoreLast + 60 * 60 * 24 * 7 <= block.timestamp);
}

investBalanceGot is the total investments they got in the lifetime of the contract.
investBalance is the actual balance. It’s decremented if a investor withdraws his investment.

If they own more than 50% of the amount that was invested ever, they can first withdraw their own investment and after that they are able to withdraw the jackpot (the jackpot, not other investments or users balances) and run away.

Waiting for answer to that.. It doesn't look good.. Roll Eyes

I hope this is just a mistake and not a deliberate action Roll Eyes

I hope so too.
But what kind of dev stays quiet for 3 days during a "multimillion" dollar ico?

At least now we know exactly why he wanted to stay anonymous...

edit: also looks like he hasn't filled in his bounty campaign sheet for 2 weeks already, why would you not do this? smells very fishy

the team already commented on this function in this message: https://bitcointalk.org/index.php?topic=2175951.msg22610060;topicseen#msg22610060

But I hope they will clarify it again.

the team was active on slack yesterday, they are only quiet here. I'm pretty sure they will reply here in the next hours.

Topic: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery. - page 19. (Read 49667 times)