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Topic: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery. - page 47. (Read 49667 times)

full member
Activity: 261
Merit: 100
who's the team behind this?? I couldn't find any names out there!

They are not giving any names. They claim there is no need as everything is bound to smart contract and happening automaticly.


That's a red flag. In the whitepaper they say 20 percent of the tokens will be given to the "development team", and then 10 percent of the proceeds will be used for marketing, those are not automatic. Development and marketing. Someone's doing them, why are they deciding to be anonymous??

Hi, you are talking about 2 diffrent thing.
First of all there's a Tokens Distribution and the ratio is 79.37 % for the ICO Backers and 20.63 % for the Development team.
Another Thing is use of funds from the Crowdfund. 90 % of funds will be allocated to the lottery Jackpot and 10 % will be used for Marketing purposes.
The funds for the Jackpot - 90 % of the raised funds will be stored in Jackpot and nobody will be able to access the funds except from the lottery winners.
The marketing budget - up to 10 % of the raised funds will be send to the development team address and the development team will be able to access the funds and spend them on marketing and development.
full member
Activity: 261
Merit: 100
According to smart billion website,

http://www.smartbillions.com/hackathon.html

Pointing contract address : 0x5acE17f87c7391E5792a7683069A8025B83bbd85

that said they have put 1500 ETH into the smart contract and initiate a hackaton.

But looking at the smart contract with 0.24 ether...

https://etherscan.io/address/0x5acE17f87c7391E5792a7683069A8025B83bbd85

Please explain...

Printscreen

https://imgur.com/a/3xGzp



Please see the Hackathon page, There's a timer there. The Hackathon start 2.10 12:00 GMT and 1500 ETH will be put in the contract before that date !!
sr. member
Activity: 366
Merit: 250
who's the team behind this?? I couldn't find any names out there!

They are not giving any names. They claim there is no need as everything is bound to smart contract and happening automaticly.


That's a red flag. In the whitepaper they say 20 percent of the tokens will be given to the "development team", and then 10 percent of the proceeds will be used for marketing, those are not automatic. Development and marketing. Someone's doing them, why are they deciding to be anonymous??

I can't fully agree. I'd say thats an "orange" flag. They got a point. Usually everything depends on "developers" here is another scenario. I do understand their point of view.


member
Activity: 101
Merit: 10
What's Quirky In Life?
who's the team behind this?? I couldn't find any names out there!

They are not giving any names. They claim there is no need as everything is bound to smart contract and happening automaticly.


That's a red flag. In the whitepaper they say 20 percent of the tokens will be given to the "development team", and then 10 percent of the proceeds will be used for marketing, those are not automatic. Development and marketing. Someone's doing them, why are they deciding to be anonymous??

I agree, without a team and github history you have no idea with their development history.
- Only 1 contribution on Github : https://github.com/SmartBillions
  (no coding history; not knowing the history of the programmer)
- There's no copyright matters on the page bottom
- no 1500 ETH (for Hackaton) on contract as stated
- no Team & Dev's listed on the page
- worse of all, BLURRED Roadmap (and to be revealed after ICO)
- WHOIS : https://www.whois.com/whois/smartbillions.com
  (registered user could be from Poland)

:: Anyone can write a flamboyant Whitepaper::


Ref : https://ftalphaville.ft.com/2017/06/01/2189634/its-not-just-a-ponzi-its-a-smart-ponzi/


member
Activity: 101
Merit: 10
What's Quirky In Life?
According to smart billion website,

http://www.smartbillions.com/hackathon.html

Pointing contract address : 0x5acE17f87c7391E5792a7683069A8025B83bbd85

they say they have put 1500 ETH into the smart contract and initiate a hackaton.

But looking at the smart contract with 0.24 ether...

https://etherscan.io/address/0x5acE17f87c7391E5792a7683069A8025B83bbd85

Please explain...

Printscreen

https://imgur.com/a/3xGzp



The 1500 ETH will be put into the smart contract 7 days before the launch of the ICO.

In my opinion, it takes incredible confidence to do this, but if it succeeds I am sure the ICO will skyrocket. This ICO is one of a kind.

As stated, there's no 1500 ETH in the contract to do the Hackaton!
Maybe you can enlighten me?

full member
Activity: 224
Merit: 100
who's the team behind this?? I couldn't find any names out there!

They are not giving any names. They claim there is no need as everything is bound to smart contract and happening automaticly.


That's a red flag. In the whitepaper they say 20 percent of the tokens will be given to the "development team", and then 10 percent of the proceeds will be used for marketing, those are not automatic. Development and marketing. Someone's doing them, why are they deciding to be anonymous??
sr. member
Activity: 366
Merit: 250
who's the team behind this?? I couldn't find any names out there!

They are not giving any names. They claim there is no need as everything is bound to smart contract and happening automaticly.
full member
Activity: 224
Merit: 100
who's the team behind this?? I couldn't find any names out there!
sr. member
Activity: 462
Merit: 253
According to smart billion website,

http://www.smartbillions.com/hackathon.html

Pointing contract address : 0x5acE17f87c7391E5792a7683069A8025B83bbd85

they say they have put 1500 ETH into the smart contract and initiate a hackaton.

But looking at the smart contract with 0.24 ether...

https://etherscan.io/address/0x5acE17f87c7391E5792a7683069A8025B83bbd85

Please explain...

Printscreen

https://imgur.com/a/3xGzp



The 1500 ETH will be put into the smart contract 7 days before the launch of the ICO.

In my opinion, it takes incredible confidence to do this, but if it succeeds I am sure the ICO will skyrocket. This ICO is one of a kind.
member
Activity: 101
Merit: 10
What's Quirky In Life?
According to smart billion website,

http://www.smartbillions.com/hackathon.html

Pointing contract address : 0x5acE17f87c7391E5792a7683069A8025B83bbd85

that said they have put 1500 ETH into the smart contract and initiate a hackaton.

But looking at the smart contract with 0.24 ether...

https://etherscan.io/address/0x5acE17f87c7391E5792a7683069A8025B83bbd85

Please explain...

Printscreen

https://imgur.com/a/3xGzp

member
Activity: 101
Merit: 10
What's Quirky In Life?
I do not understand why is the first fully decentralized and transparent lottery? true flip is not a lottery? it's just that I know! litter explain?

Trueflip is a lottery indeed, but it's not decentralised.
The funds are under Admin management not under smart's contract management. Funds are stored on private addresses and they can be withdrawed anytime by the Admins.

SmartBillions is a smart contract. Funds are stored in smart contract and they cannot be accessed by any party.
The funds management rules, prizes payouts, dividends payouts are managed by smartcontract and these rules cannot be changed.

Please get familar with SmartBillions white paper and than ask questions if you have some.

I am a trueflip token holder. The funds can now be withdraw to an Ethereum contract on the menu. No doubt, they have some issues on the withdrawal earlier.
member
Activity: 84
Merit: 10
I have 2 questions. First off how are you calculating the odds of winning? And secondly (this relates to the first) do the numbers need to be in the same order as the winning numbers?

I've been trying to calculate the odds of winning that you guys have but I can't get your numbers. I don't know if my brain is just too tired right now but it seems like it should be either 6/16 x 6/16... or 1/16 x 1/16....
full member
Activity: 336
Merit: 111
Bitcore (BTX) - The Future is Now
If there is a huge demand, the price is bound to go up. Also the overall sentiment for Crypto is positive. So hoping that this coin will be huge.
sr. member
Activity: 490
Merit: 250
Will the authors have access to the amount of the jackpot? Will they be able to use this money for personal purposes?
Administrators can cash out only 0.25% for marketing costs, the system will no longer allow!
A ticket can be bought only for crypto currency or for fiat money, too?
It is unknown, I do not know anything about this =)
Perhaps it is worthwhile to read more about the whitepaper
If in the core there will be a crypto currency, how will the system behave when the exchange rate changes abruptly? Or if the currency loses its value?
Lol modern trends in the market do not give grounds for suggesting this Smiley
sr. member
Activity: 476
Merit: 250
Will the authors have access to the amount of the jackpot? Will they be able to use this money for personal purposes?
Administrators can cash out only 0.25% for marketing costs, the system will no longer allow!
A ticket can be bought only for crypto currency or for fiat money, too?
It is unknown, I do not know anything about this =)
Perhaps it is worthwhile to read more about the whitepaper
If in the core there will be a crypto currency, how will the system behave when the exchange rate changes abruptly? Or if the currency loses its value?
full member
Activity: 476
Merit: 100
Will the authors have access to the amount of the jackpot? Will they be able to use this money for personal purposes?
Administrators can cash out only 0.25% for marketing costs, the system will no longer allow!
A ticket can be bought only for crypto currency or for fiat money, too?
It is unknown, I do not know anything about this =)
Perhaps it is worthwhile to read more about the whitepaper
sr. member
Activity: 490
Merit: 250
Will the authors have access to the amount of the jackpot? Will they be able to use this money for personal purposes?
Administrators can cash out only 0.25% for marketing costs, the system will no longer allow!
A ticket can be bought only for crypto currency or for fiat money, too?
It is unknown, I do not know anything about this =)
sr. member
Activity: 476
Merit: 250
Will the authors have access to the amount of the jackpot? Will they be able to use this money for personal purposes?
Administrators can cash out only 0.25% for marketing costs, the system will no longer allow!
A ticket can be bought only for crypto currency or for fiat money, too?
full member
Activity: 476
Merit: 100
Will the authors have access to the amount of the jackpot? Will they be able to use this money for personal purposes?
Administrators can cash out only 0.25% for marketing costs, the system will no longer allow!
sr. member
Activity: 476
Merit: 250
Will the authors have access to the amount of the jackpot? Will they be able to use this money for personal purposes?
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