[ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery. - page 65.

Fraxinus

legendary

Activity: 1274

Merit: 1000

From what i read so far it does makes sense to me. Gambling/Lottery industry that is the one that should ve been decentralized and taken out of the scammy monopoly system.Like the project so far. Are you planning to release a mobile version? also what is the plan do get it through out the mass?

Rumipl

full member

Activity: 261

Merit: 100

Quote from: BigBoy89 on September 16, 2017, 06:24:04 PM

Quote from: Rumipl on September 15, 2017, 03:13:32 AM

Quote from: BigBoy89 on September 14, 2017, 10:54:24 PM

Hello,

From where you will take your billions to pay the potential winner of billions?!

According to your site presentation,

Max win 2 324 000 000 (2.34 billion) USD*

Jackpot odds 1:16 777 216

This mean you will be on loss on every ticket price under $138.52 without even a house edge?!?! (Max win : Jackpot odds)
And you need to have those 2.3 Billions ?! in advance as theoretically even the 1st ticket could win it!

Nobody will care of your smart contract if you can't pay to your winners what you are promising.

SmartBillions lottery ticket value is flexible 0.001 - 1 ETH. This means that the win value can exceed the Jackpot value. The Jakcpot managements and payout rules are desrcribed in Whitepaper:

"If a particular player’s win makes up more than 50% of the Jackpot value,
that player can instantly withdraw only 50% of the Jackpot. After that, the
player will be able to cash out up to 50% of the Jackpot value every period
(approx. 1 month) until the withdrawal of the total value of the win. This provision
ensures continued high Jackpot values, driving the lottery’s appeal to
the gaming clients.
The walletBalanceOf Function will inform about the lottery balance for the
specific address (please see Appendix).
The walletBlockOff Function will inform about the soonest possible withdrawal
date from the Jackpot for the specific address (please see Appendix)."

Such rules will protect the Jackpot value and even in case if the first Ticket wins Jackpot, the Jackpot value will be still attractive to other players.

Then practically all of this talking about billions is just false advertisement of your project?!

Imagine winning ticket with a price of 1ETH in first 100 games. From where you will take a billion within a month.

Prize payouts in time is nothing new in lottery industry.
The ticket value is flexible and players are free to choose the value of the ticket with expected win value higher than a Jackpot value. This is stated clear.
Than if it happens so each month player will be able to withdraw half of the Jackpot value.
The most important fact is that the Jackpot value will be increasing in time because 95 % of the value of the tickets sold goes directly to the Jackpot. This guarantees growing lottery attractiveness in time both for players and for investors.

BigBoy89

legendary

Activity: 1512

Merit: 1011

Quote from: Rumipl on September 15, 2017, 03:13:32 AM

Quote from: BigBoy89 on September 14, 2017, 10:54:24 PM

Hello,

From where you will take your billions to pay the potential winner of billions?!

According to your site presentation,

Max win 2 324 000 000 (2.34 billion) USD*

Jackpot odds 1:16 777 216

This mean you will be on loss on every ticket price under $138.52 without even a house edge?!?! (Max win : Jackpot odds)
And you need to have those 2.3 Billions ?! in advance as theoretically even the 1st ticket could win it!

Nobody will care of your smart contract if you can't pay to your winners what you are promising.

SmartBillions lottery ticket value is flexible 0.001 - 1 ETH. This means that the win value can exceed the Jackpot value. The Jakcpot managements and payout rules are desrcribed in Whitepaper:

"If a particular player’s win makes up more than 50% of the Jackpot value,
that player can instantly withdraw only 50% of the Jackpot. After that, the
player will be able to cash out up to 50% of the Jackpot value every period
(approx. 1 month) until the withdrawal of the total value of the win. This provision
ensures continued high Jackpot values, driving the lottery’s appeal to
the gaming clients.
The walletBalanceOf Function will inform about the lottery balance for the
specific address (please see Appendix).
The walletBlockOff Function will inform about the soonest possible withdrawal
date from the Jackpot for the specific address (please see Appendix)."

Such rules will protect the Jackpot value and even in case if the first Ticket wins Jackpot, the Jackpot value will be still attractive to other players.

Then practically all of this talking about billions is just false advertisement of your project?!

Imagine winning ticket with a price of 1ETH in first 100 games. From where you will take a billion within a month.

Qu1ck$1Lv3r

member

Activity: 170

Merit: 10

The World’s First Blockchain Core

Quote from: Rumipl on September 16, 2017, 06:27:45 AM

Quote from: Qu1ck$1Lv3r on September 16, 2017, 06:10:05 AM

Quote from: Orai on September 16, 2017, 06:06:35 AM

So through hackathon to prove the stability of smartbillon contract you will be able to win almost 500 000 $usd?
Thats like WOW never ever heared before of a such a genereous attitude towards community

True, its like they re giving out a free Lambo. that cool, they must be totally confident about the product though.

At today's rate it will be almost 400 000 $ that will be put in the contract to prove it's safety.
This will be an ultimate test that will guarantee contract's safety and quality.

That is really transparent. Respect that. i wlll keep my eye on this one.

Rumipl

full member

Activity: 261

Merit: 100

Quote from: Qu1ck$1Lv3r on September 16, 2017, 06:10:05 AM

Quote from: Orai on September 16, 2017, 06:06:35 AM

So through hackathon to prove the stability of smartbillon contract you will be able to win almost 500 000 $usd?
Thats like WOW never ever heared before of a such a genereous attitude towards community

True, its like they re giving out a free Lambo. that cool, they must be totally confident about the product though.

At today's rate it will be almost 400 000 $ that will be put in the contract to prove it's safety.
This will be an ultimate test that will guarantee contract's safety and quality.

Qu1ck$1Lv3r

member

Activity: 170

Merit: 10

The World’s First Blockchain Core

Quote from: Orai on September 16, 2017, 06:06:35 AM

So through hackathon to prove the stability of smartbillon contract you will be able to win almost 500 000 $usd?
Thats like WOW never ever heared before of a such a genereous attitude towards community

True, its like they re giving out a free Lambo. that cool, they must be totally confident about the product though.

Orai

full member

Activity: 196

Merit: 100

So through hackathon to prove the stability of smartbillon contract you will be able to win almost 500 000 $usd?
Thats like WOW never ever heared before of a such a genereous attitude towards community

Rumipl

full member

Activity: 261

Merit: 100

Quote from: ?? on ??

Are you SERIOUS?? Who is calling this "promising" Huh

No "team" - no location, and for one of the most HIGHLY REGULATED activities on the planet....
This "smart" team is NOT smart.
See my commentary at https://udicoin.global/node/19 for just a couple of the reasons why...

Thank you for registering just to post a negative comment on SmartBillions.
Whitepaper answers all of your doubts. Please read it first before posting fake and negative comments.
The SmartBillions lottery will be held on smart contract, which is public. The rules are transparent and they cannot be changed.
What's more The Team will put it's private 1500 ETH as a prize to anyone who can hack the smart contract and withdraw the money. The contract's safety will be proven both for investors and for players.

mannybitcoins

full member

Activity: 274

Merit: 100

Quote from: recitestores on September 16, 2017, 03:51:19 AM

Quote from: ?? on ??

Are you SERIOUS?? Who is calling this "promising" Huh

No "team" - no location, and for one of the most HIGHLY REGULATED activities on the planet....
This "smart" team is NOT smart.
See my commentary at https://udicoin.global/node/19 for just a couple of the reasons why...

I Think you ve just misinterpretted the whole idea behind blockchain backbone. With in the logic you presented the founder of bitcoin would also be a felon. This why the decentralization takes place, so the democratic, people driven initiatives that are free from regulations and state governance, can run and disrupt the system that is full of bullshit. This is also the reason bitcoin was created. The frictionless economy, i think SmartBillions is doing exactly that, serving people the service that is free from monopoly, while being decentralized, it is safe and can make change to the industry. While you bascially ignore all the facts in favour of hating, to drive awarness to your coin and site that doesnt even have a whitepaper. Dude, it really shows.

Note: im not affiliated anyhow with in Smartbillions team and never was.

Exactly.
That guy trying to endorse his shitty coin, lol what an idiot.

recitestores

hero member

Activity: 592

Merit: 500

Quote from: ?? on ??

Are you SERIOUS?? Who is calling this "promising" Huh

No "team" - no location, and for one of the most HIGHLY REGULATED activities on the planet....
This "smart" team is NOT smart.
See my commentary at https://udicoin.global/node/19 for just a couple of the reasons why...

I Think you ve just misinterpretted the whole idea behind blockchain backbone. With in the logic you presented the founder of bitcoin would also be a felon. This why the decentralization takes place, so the democratic, people driven initiatives that are free from regulations and state governance, can run and disrupt the system that is full of bullshit. This is also the reason bitcoin was created. The frictionless economy, i think SmartBillions is doing exactly that, serving people the service that is free from monopoly, while being decentralized, it is safe and can make change to the industry. While you bascially ignore all the facts in favour of hating, to drive awarness to your coin and site that doesnt even have a whitepaper. Dude, it really shows.

Note: im not affiliated anyhow with in Smartbillions team and never was.

Rumipl

full member

Activity: 261

Merit: 100

Quote from: doftplatform on September 15, 2017, 05:54:31 AM

How can your tokens be mined?

The tokens will be ofered to the public during an ICO, they cannot be mined.

recitestores

hero member

Activity: 592

Merit: 500

Looking at the chart comparing to Trueflip, SmartBillions does makes sense, look like you know what you re doing. How does that stand against projects like EDG? anyway this seem like a fair deal to me.

doftplatform

full member

Activity: 140

Merit: 100

How can your tokens be mined?

mannybitcoins

full member

Activity: 274

Merit: 100

Sorry for that flood. What is your Token symbol?

mannybitcoins

full member

Activity: 274

Merit: 100

and since max jackpot win is 7 000 000 ETH than its like 1.5 bin? as of current ETH price?

mannybitcoins

full member

Activity: 274

Merit: 100

Read the white paper. Good Job, looks confident to me. Im tired all of that scam in the ICO market, this one keeps my eye on as at really is really looking neat. The total coin supply is limited? There is no mining etc? the only way to obtain the tokens is ICO or exchanges?
What exchanges are you planning to get listed on?

Orai

full member

Activity: 196

Merit: 100

If you will reach atleast 10% of the lottery market place, that would be 30 billion $USD. That is pretty sick, I like the project. IF executed well I think this one might have a chance to totally blow up the entire lottery/gambling space. Pure Blockchain on this one. So has the lottery been on testnet already?

Rumipl

full member

Activity: 261

Merit: 100

Quote from: BigBoy89 on September 14, 2017, 10:54:24 PM

Hello,

From where you will take your billions to pay the potential winner of billions?!

According to your site presentation,

Max win 2 324 000 000 (2.34 billion) USD*

Jackpot odds 1:16 777 216

This mean you will be on loss on every ticket price under $138.52 without even a house edge?!?! (Max win : Jackpot odds)
And you need to have those 2.3 Billions ?! in advance as theoretically even the 1st ticket could win it!

Nobody will care of your smart contract if you can't pay to your winners what you are promising.

SmartBillions lottery ticket value is flexible 0.001 - 1 ETH. This means that the win value can exceed the Jackpot value. The Jakcpot managements and payout rules are desrcribed in Whitepaper:

"If a particular player’s win makes up more than 50% of the Jackpot value,
that player can instantly withdraw only 50% of the Jackpot. After that, the
player will be able to cash out up to 50% of the Jackpot value every period
(approx. 1 month) until the withdrawal of the total value of the win. This provision
ensures continued high Jackpot values, driving the lottery’s appeal to
the gaming clients.
The walletBalanceOf Function will inform about the lottery balance for the
specific address (please see Appendix).
The walletBlockOff Function will inform about the soonest possible withdrawal
date from the Jackpot for the specific address (please see Appendix)."

Such rules will protect the Jackpot value and even in case if the first Ticket wins Jackpot, the Jackpot value will be still attractive to other players.

BigBoy89

legendary

Activity: 1512

Merit: 1011

Hello,

From where you will take your billions to pay the potential winner of billions?!

According to your site presentation,

Max win 2 324 000 000 (2.34 billion) USD*

Jackpot odds 1:16 777 216

This mean you will be on loss on every ticket price under $138.52 without even a house edge?!?! (Max win : Jackpot odds)
And you need to have those 2.3 Billions ?! in advance as theoretically even the 1st ticket could win it!

Nobody will care of your smart contract if you can't pay to your winners what you are promising.

Qu1ck$1Lv3r

member

Activity: 170

Merit: 10

The World’s First Blockchain Core

any details about the affiliate? is it only for the ICO ? do you conduct any pre ico?

Topic: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery. - page 65. (Read 49667 times)