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Topic: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery. - page 57. (Read 49667 times)

full member
Activity: 204
Merit: 100
Will having administrators have access to the jackpot?
Do you mean if they can take money from there?
Yes, exactly, where are the guarantees. that they will not steal money from the general jackpot?
Their platform is completely based on smart contracts, it is impossible!
But no one knows exactly what the code contains. Maybe there are mechanisms to withdraw money to your pocket
full member
Activity: 204
Merit: 100
Will having administrators have access to the jackpot?
Do you mean if they can take money from there?
full member
Activity: 204
Merit: 100
Looks interesting.

I will keep my eye on this.

So far what i can see on whitepaper.

There will millions of players. Also there will be millions of winners.

And also jacpot will be splitted on many ppl in that odds.
This is definitely one of the most interesting projects of all, but it's still not clear how the whole mechanism will work with winnings, etc.
newbie
Activity: 20
Merit: 0
Looks interesting.

I will keep my eye on this.

So far what i can see on whitepaper.

There will millions of players. Also there will be millions of winners.

And also jacpot will be splitted on many ppl in that odds.
sr. member
Activity: 378
Merit: 251
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?
sr. member
Activity: 490
Merit: 250
Will this project be taxed somehow? And in general, how much is all this legal?
This is a completely decentralized project, based on the currency, how can it be taxed at all? Smiley
but if I got a big win in this lottery, and I want to withdraw money to the account, what will happen in this case?
Obviously, this will depend on the laws of the country where you live. And besides, why withdraw funds in Fiat, if in the near future it will be possible to pay everywhere with a crypto currency
I think in many countries can prohibit the turnover of crypto currencies, well, or somehow limit it
sr. member
Activity: 602
Merit: 250
Will this project be taxed somehow? And in general, how much is all this legal?
This is a completely decentralized project, based on the currency, how can it be taxed at all? Smiley
but if I got a big win in this lottery, and I want to withdraw money to the account, what will happen in this case?
Obviously, this will depend on the laws of the country where you live. And besides, why withdraw funds in Fiat, if in the near future it will be possible to pay everywhere with a crypto currency
full member
Activity: 204
Merit: 100
Will this project be taxed somehow? And in general, how much is all this legal?
This is a completely decentralized project, based on the currency, how can it be taxed at all? Smiley
but if I got a big win in this lottery, and I want to withdraw money to the account, what will happen in this case?
sr. member
Activity: 602
Merit: 250
Will this project be taxed somehow? And in general, how much is all this legal?
This is a completely decentralized project, based on the currency, how can it be taxed at all? Smiley
sr. member
Activity: 490
Merit: 250
Will this project be taxed somehow? And in general, how much is all this legal?
sr. member
Activity: 490
Merit: 250
Is this project supported by any real product? no! Very big doubts in this product
To some extent, we can say that the project is supported by a real product. Human greed =)
It sounds somehow unconvincing Undecided
Why? I think this lottery will become very popular, this has not happened anywhere else. very good chances to win, and also an absolutely honest system
full member
Activity: 204
Merit: 100
Is this project supported by any real product? no! Very big doubts in this product
To some extent, we can say that the project is supported by a real product. Human greed =)
It sounds somehow unconvincing Undecided
sr. member
Activity: 602
Merit: 250
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?
sr. member
Activity: 490
Merit: 250
Is this project supported by any real product? no! Very big doubts in this product
To some extent, we can say that the project is supported by a real product. Human greed =)
full member
Activity: 204
Merit: 100
Is this project supported by any real product? no! Very big doubts in this product
sr. member
Activity: 602
Merit: 250
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
full member
Activity: 401
Merit: 104
If this is what I think it is it is a very brilliant project which could really boom, if developed properly. A fully decentralized lottery is something people would trust more that the usual centralized ones. But why didn't you maje also a bounty campaign? Visibility is everything!
As far as I know they have a bounty company
Is not that it? https://bitcointalksearch.org/topic/bounty-smartbillions-official-bounty-thread16-million-budget-2187640
Yes, they have a very interesting bounty company, and pay for it with real dollars, as far as I understand!

No, not real dollars, they are just listing what is the value of their bounties at the rate of their token IF they manage to sell them at the ICO. So it is not different from other campaigns, they just mention what it would be in dollars, and I agree it sounds quite a lot!
sr. member
Activity: 378
Merit: 251
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. 
hero member
Activity: 592
Merit: 500
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.
sr. member
Activity: 378
Merit: 251
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?
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