Pages:
Author

Topic: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery. - page 56. (Read 49667 times)

sr. member
Activity: 840
Merit: 250
in general, the topic is excellent you can spend money earned on investing in the lottery, so also to win something Cheesy

Exactly!
Became an investor - you let the money in a circle, and they come back to you in different currencies
sr. member
Activity: 840
Merit: 250
Does anyone know how the Affiliate system will work? So what's this?
Probably something like a referral system I suppose... Huh
its all written on their site, you referr ppl to ICO you get % of the founds they invested. Sound cool to me, never seen that type of generous referall during any ICO.


Can't argue with that. Definitely one of the most generous referral system I've seen in any ICO. I may not be able to invest, but who's to say I can't benefit from directing investors this way  Grin

a very cool system, I think that those interested in the gaming business will invest all the same, but in any case, you can give the project

Roger that! Pretty interesting idea. I'm waiting some more opened results

I doubt that there will be some information on testing

Why?
sr. member
Activity: 840
Merit: 250
Does anyone know how the Affiliate system will work? So what's this?
Probably something like a referral system I suppose... Huh
its all written on their site, you referr ppl to ICO you get % of the founds they invested. Sound cool to me, never seen that type of generous referall during any ICO.


Can't argue with that. Definitely one of the most generous referral system I've seen in any ICO. I may not be able to invest, but who's to say I can't benefit from directing investors this way  Grin

a very cool system, I think that those interested in the gaming business will invest all the same, but in any case, you can give the project

Roger that! Pretty interesting idea. I'm waiting some more opened results
full member
Activity: 602
Merit: 100
Does anyone know how the Affiliate system will work? So what's this?
Probably something like a referral system I suppose... Huh
its all written on their site, you referr ppl to ICO you get % of the founds they invested. Sound cool to me, never seen that type of generous referall during any ICO.


Can't argue with that. Definitely one of the most generous referral system I've seen in any ICO. I may not be able to invest, but who's to say I can't benefit from directing investors this way  Grin
full member
Activity: 196
Merit: 100
Does anyone know how the Affiliate system will work? So what's this?
Probably something like a referral system I suppose... Huh
its all written on their site, you referr ppl to ICO you get % of the founds they invested. Sound cool to me, never seen that type of generous referall during any ICO.

full member
Activity: 196
Merit: 100
And what is the maximum amount of winnings in this lottery?
2 324 000 000 USD (2.34 billion)  Wink

It is 7 000 000 ETH to be exact. so it all depends on the ETH price.

Where are these ETH from?  Is this a weekly lottery or just "one" big lottery?

95% of money raised during the upcoming ICO will be put into the Jackpot. It's like almost all of it, what shocked me at the beggining.


Maximum ICO cap is 200k ETH, so I am curious how the jackpot can be 7Million ETH. 
I'm also very interested in learning how this is possible
This amount is calculated in the long term. 95% of the ticket sold will go to the jackpot fund.
That is, the amount of the jackpot will constantly grow? Why then the border is exactly 2.34 billion?

They dont need to hold the exact amount in the jackpot, because you are able to withdrawl the found over time. like 50 mln once a week. untill you will reach your winning bet value.
full member
Activity: 196
Merit: 100
And what is the maximum amount of winnings in this lottery?
2 324 000 000 USD (2.34 billion)  Wink

It is 7 000 000 ETH to be exact. so it all depends on the ETH price.

Where are these ETH from?  Is this a weekly lottery or just "one" big lottery?

95% of money raised during the upcoming ICO will be put into the Jackpot. It's like almost all of it, what shocked me at the beggining.

Maximum ICO cap is 200k ETH, so I am curious how the jackpot can be 7Million ETH.  
I'm also very interested in learning how this is possible
This amount is calculated in the long term. 95% of the ticket sold will go to the jackpot fund.

So it sounds like there will only be one big lottery and almost everything goes to the winner.  What happens after the lottery is over?  Is this project dead?

No, the lottery will never be over. Once someone hits the jackpot he can withdrawl the founds that match 50% of the current jackpot value, and will be able to withdrawl 50% of the jackpot every month untill the amount will reach the value he won. So There will be always money to win in the jackpot for other player and the winners will be able to collect all their winnings in time ( if the winning will exceed the jackpot value, than it will just take a few withdrawls over time to cover the winning, just like in regular lottery)
legendary
Activity: 1274
Merit: 1000
downside protection is really good, never heard thof any ICO doing this. How would that work?

After the Crowdsale ends all the contributors will have a possibility to reedem the Tokens any time and receive most of the invested funds back.
The investors funds are safe because they are stored in smart contract and nobody can access them.
This revolutionary feature gives all investors downside protection never presented before.

What does "most of the invested funds" mean here?

Also any info about hitting exchanges?

Its all written in whitepaper, they will hit exchanges like in 2 week after the completion of the ICO. and i see the play token going to the moon. its less than 0.30$ per PlayToken now, hope to see it reaching at least 10$ in the next couple of months
sr. member
Activity: 366
Merit: 250
downside protection is really good, never heard of any ICO doing this. How would that work?

After the Crowdsale ends all the contributors will have a possibility to reedem the Tokens any time and receive most of the invested funds back.
The investors funds are safe because they are stored in smart contract and nobody can access them.
This revolutionary feature gives all investors downside protection never presented before.

What does "most of the invested funds" mean here?

Also any info about hitting exchanges?
full member
Activity: 644
Merit: 103
Does anyone know how the Affiliate system will work? So what's this?
sr. member
Activity: 840
Merit: 250
And when will the smart contract be tested?
As far as I know it has already been tested
Is there no re-testing after hackerton?
And why do I need to re-test?
Because there will be any vulnerabilities that need to be eliminated and again to test the system
If the developers are so confident in their product that they are willing to pay 0.5 million USD, if there is a vulnerability - then the project is fine. It's almost ready to run  Smiley
We will see Cool
full member
Activity: 644
Merit: 103
And when will the smart contract be tested?
As far as I know it has already been tested
Is there no re-testing after hackerton?
And why do I need to re-test?
Because there will be any vulnerabilities that need to be eliminated and again to test the system
And after that, hold another hackerton. And then one more. And so on ad infinitum Grin Grin
sr. member
Activity: 840
Merit: 250
And when will the smart contract be tested?
As far as I know it has already been tested
Is there no re-testing after hackerton?
And why do I need to re-test?
Because there will be any vulnerabilities that need to be eliminated and again to test the system
sr. member
Activity: 840
Merit: 250
And when will the smart contract be tested?
As far as I know it has already been tested
Is there no re-testing after hackerton?
full member
Activity: 644
Merit: 103
And when will the smart contract be tested?
As far as I know it has already been tested
sr. member
Activity: 840
Merit: 250
And when will the smart contract be tested?
full member
Activity: 204
Merit: 100
I do not fully understand what the hackerton program is
 They offer a big reward to someone who can crack their smart contract
ok, I understand they offer a great reward, but what if it's a few different people?
Apparently the reward will be given to the one who will do it first
Hmm, well, what if there is not a single vulnerability in the system? And 5 different hackers will find 5 different vulnerabilities, which of them will receive the reward?
Perhaps, in this case, the reward is simply shared between all 5 hackers =)
Hackerton is certainly a good idea, but that if someone finds a vulnerability, but hides it to hack the platform after it is launched?
Well, it will be a kind of surprise for everyone, in that case Grin
full member
Activity: 204
Merit: 100
I would like to see a similar project, but with the possibility to place bets, for example, on sports events
Such a project may well appear in the near future, it seems to me.
full member
Activity: 204
Merit: 100
I do not fully understand what the hackerton program is
  They offer a big reward to someone who can crack their smart contract
ok, I understand they offer a great reward, but what if it's a few different people?
Apparently the reward will be given to the one who will do it first
Hmm, well, what if there is not a single vulnerability in the system? And 5 different hackers will find 5 different vulnerabilities, which of them will receive the reward?
Perhaps, in this case, the reward is simply shared between all 5 hackers =)
full member
Activity: 204
Merit: 100
I do not fully understand what the hackerton program is
  They offer a big reward to someone who can crack their smart contract
How big is the reward? Huh
Pages:
Jump to: