what happens to unsold tokens??
Hi, Tokens will be created during the ICO there're no Tokens yet, so there will be no unsold Tokens.
Number of Tokens created depends on the ICO results.
Topic: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery. - page 27. (Read 49667 times)
October 14, 2017, 08:02:23 AM
Hi, Tokens will be created during the ICO there're no Tokens yet, so there will be no unsold Tokens.
Number of Tokens created depends on the ICO results.
October 14, 2017, 07:49:35 AM
How can I join the slack channel, it says link is no longer valid. 
October 14, 2017, 06:28:21 AM
what happens to unsold tokens??
October 14, 2017, 05:27:30 AM
Why do you need to stay anonymous?
October 14, 2017, 04:34:58 AM
Quote from: InfiniteQuant
But please answer me: "How you plan to pay a winning 5 ETH bet (2 Billions ?!) if you only raise let say 10 million and put 90% of it in the jackpot."
If the winning will exceed 50 % of the Jackpot value the winner will be able to collect at once only 50 % of the Jackpot value, and each month he will be able to collect 50 % of the Jackpot value untill he withdraws all his winnings. This protects the lottery and ensures that lottery Jackpot will always be attractive for the players.
So basically you heavily advertise something extremely misleading by telling the "World's first multibillion"
There is absolutely no billion today since ultimately the value of the multiplier is limited to the Jackpot that will be 90% of the amount raised during ICO + a good amount in % of the future daily ticket sales.
The max win is not 2 324 000 000 (2.34 billion) USD*, the max win is the jackpot
The same SmartBillion jackpot can be up to 2.34 billion, TrueFlip jackpot could be 5 Billion, or EuroMillion is capped to 190 Million (but they never advertise 190 Million except when it's actually the actual true jackpot). This is completely misleading what you are doing....
The prize payouts in time are the cost common way to withdraw the funds from the lotteries.
Please see PowerBall or MultiMillions.
October 14, 2017, 04:33:13 AM
how much minimum target in ico selling or sotcap, iam read this thread only hardcap or maxcap
and how long duration smartbillion ico selling dev
and how long duration smartbillion ico selling dev
Hi,
There's no softcap for the SmartBillions ICO.
The ICO will last appox. 2 weeks.
October 14, 2017, 04:32:33 AM
Dear SmartBillions Community.
We are more than happy to present you with our BETA version of the SmartBillions lottery!
You now have access to all the major interface functionalities and an opportunity to get familiar with how it works.
As it’s the beta version is still under development, we are aware you may encounter some bugs - please let us know if you come across any, so that we can further improve our product.
We welcome you to explore the BETA SmartBillions lottery interface here:
https://smartbillions.com/play
Good luck !!
Can I send my ETH to play?
Yes,you can now test the lottery interface and play with ETH.
October 14, 2017, 04:32:03 AM
We welcome you to explore the BETA SmartBillions lottery interface here:
https://smartbillions.com/play
https://smartbillions.com/play
Can anyone please elaborate why is this warning on the site:
Quote
! PLEASE REMEMBER NOT TO TRANSFER THE ETH DIRECTLY FROM THE EXCHANGE !
What's wrong with paying for tokens directly from the Bittrex?
Just don't do it bro
If you send the ETH from the Exchange the Tokens will be send to the Exchange address and you will most likely not receive them.
Please use your private ETH address !
October 14, 2017, 03:43:41 AM
Dear SmartBillions Community.
We are more than happy to present you with our BETA version of the SmartBillions lottery!
You now have access to all the major interface functionalities and an opportunity to get familiar with how it works.
As it’s the beta version is still under development, we are aware you may encounter some bugs - please let us know if you come across any, so that we can further improve our product.
We welcome you to explore the BETA SmartBillions lottery interface here:
https://smartbillions.com/play
Good luck !!
Can I send my ETH to play?
October 14, 2017, 03:09:59 AM
how much minimum target in ico selling or sotcap, iam read this thread only hardcap or maxcap
and how long duration smartbillion ico selling dev
and how long duration smartbillion ico selling dev
October 14, 2017, 12:55:57 AM
Quote from: InfiniteQuant
But please answer me: "How you plan to pay a winning 5 ETH bet (2 Billions ?!) if you only raise let say 10 million and put 90% of it in the jackpot."
If the winning will exceed 50 % of the Jackpot value the winner will be able to collect at once only 50 % of the Jackpot value, and each month he will be able to collect 50 % of the Jackpot value untill he withdraws all his winnings. This protects the lottery and ensures that lottery Jackpot will always be attractive for the players.
So basically you heavily advertise something extremely misleading by telling the "World's first multibillion"
There is absolutely no billion today since ultimately the value of the multiplier is limited to the Jackpot that will be 90% of the amount raised during ICO + a good amount in % of the future daily ticket sales.
The max win is not 2 324 000 000 (2.34 billion) USD*, the max win is the jackpot
The same SmartBillion jackpot can be up to 2.34 billion, TrueFlip jackpot could be 5 Billion, or EuroMillion is capped to 190 Million (but they never advertise 190 Million except when it's actually the actual true jackpot). This is completely misleading what you are doing....
October 13, 2017, 09:10:00 PM
We welcome you to explore the BETA SmartBillions lottery interface here:
https://smartbillions.com/play
https://smartbillions.com/play
Can anyone please elaborate why is this warning on the site:
Quote
! PLEASE REMEMBER NOT TO TRANSFER THE ETH DIRECTLY FROM THE EXCHANGE !
What's wrong with paying for tokens directly from the Bittrex?
Just don't do it bro
October 13, 2017, 06:25:07 PM
We welcome you to explore the BETA SmartBillions lottery interface here:
https://smartbillions.com/play
https://smartbillions.com/play
Can anyone please elaborate why is this warning on the site:
Quote
! PLEASE REMEMBER NOT TO TRANSFER THE ETH DIRECTLY FROM THE EXCHANGE !
What's wrong with paying for tokens directly from the Bittrex?
October 13, 2017, 02:41:41 PM
Dear SmartBillions Community.
We are more than happy to present you with our BETA version of the SmartBillions lottery!
You now have access to all the major interface functionalities and an opportunity to get familiar with how it works.
As it’s the beta version is still under development, we are aware you may encounter some bugs - please let us know if you come across any, so that we can further improve our product.
We welcome you to explore the BETA SmartBillions lottery interface here:
https://smartbillions.com/play
Good luck !!
October 13, 2017, 12:32:34 PM
That is new to me, congratulations and good point.
But please answer me: "How you plan to pay a winning 5 ETH bet (2 Billions ?!) if you only raise let say 10 million and put 90% of it in the jackpot."
[/quote]
If the winning will exceed 50 % of the Jackpot value the winner will be able to collect at once only 50 % of the Jackpot value, and each month he will be able to collect 50 % of the Jackpot value untill he withdraws all his winnings. This protects the lottery and ensures that lottery Jackpot will always be attractive for the players.
October 13, 2017, 11:36:27 AM
MVP is actually ready. Check their website. At navigation bar there is now Play(BETA) that uses the same contract and has 500k dollars in it.
That is new to me, congratulations and good point.
But please answer me: "How you plan to pay a winning 5 ETH bet (2 Billions ?!) if you only raise let say 10 million and put 90% of it in the jackpot."
Or can you bypass the law because it is a smart contract? And you don't manage the funds?
Not sure if these rules are the same in every country.
Not sure if these rules are the same in every country.
yes, thanks to the smart contract there is no 3rd party involved, it's all automated. it's like bitcoin, you can not ban it. it comes and it will stay.
That is what I like the most about this project, that's really beautiful, just bad choice of using of a dot com for your main domain name (since we know how many .com get squatted by Federal Gov in past, last in date being BTC-e.com).
October 13, 2017, 10:34:59 AM
Or can you bypass the law because it is a smart contract? And you don't manage the funds?
Not sure if these rules are the same in every country.
Not sure if these rules are the same in every country.
yes, thanks to the smart contract there is no 3rd party involved, it's all automated. it's like bitcoin, you can not ban it. it comes and it will stay.
October 13, 2017, 08:54:02 AM
I can't find a lot of legal information. Don't you need some kind of lottery license for this?
Governments are really strict about this.
Or can you bypass the law because it is a smart contract? And you don't manage the funds?
Not sure if these rules are the same in every country.
Governments are really strict about this.
Or can you bypass the law because it is a smart contract? And you don't manage the funds?
Not sure if these rules are the same in every country.
October 13, 2017, 08:16:54 AM
What is the advantage of investing at the start of the ICO instead of the end?
For TrueFlip, the post ICO price (Exchange) was 50% cheaper than the ICO price.
Personally for this reason, I will buy after the ICO on Exchange, and I'm pretty sure the price will be 50% Cheaper
There's no point in comparing SmartBillions to TrueFlip. SmartBiilions is a lottery based on the Ethereums' smart contract, fully transparent and decentralised. Where TrueFlip is a lottery that is administrated by the Admin.
If you want fact, then keep it real: Trueflip had a working MVP before ICO (you don't)
TrueFlip promise in his roadmap to become fully decentralized (so that's not a good point you just made)
So by the time you have MVP ready, maybe they will be already decentralized
Anyway, mark my word:
15 days after ICO price, I'll be able to buy your token for 50% discount over ICO price.
That is my gamble
MVP is actually ready. Check their website. At navigation bar there is now Play(BETA) that uses the same contract and has 500k dollars in it.
October 13, 2017, 07:01:27 AM
However, I'm still having hard time to understand how you plan to pay a winning 5 ETH bet (2 Billions ?!) if you only raise let say 10 million and put 90% of it in the jackpot.
Can you please details, I'm too stupid to understand that point on your Whitepaper.
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