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Topic: [ANN]**PROOF OF TOSS**A SMART BETTING ECOSYSTEM*Official* - page 11. (Read 2700 times)

newbie
Activity: 46
Merit: 0
How exactly will your platform generate income, as it will surely cost money to keep running it?

That is a good question, it surely costs to run infrastructure! Will there be some kind of fee for each bet or transaction or some kind of other way to facilitate the costs of running it?
newbie
Activity: 45
Merit: 0
Will we be able to store TOSS on MyEtherWallet?Or you will have your own wallet too?
member
Activity: 280
Merit: 11
How exactly will your platform generate income, as it will surely cost money to keep running it?
newbie
Activity: 210
Merit: 0
Do you have any bounty campaign going on yet?
member
Activity: 255
Merit: 10
I'm passionate man who likes to bet, been betting for 20 years now and I'm really happy that there are other enthusiasts also who are giving a go to bring betting on blockchain, so thunps up for you guys Cheesy I was wondering do you guys maybe have a Facebook page already? I use Facebook a lot, for my work also so it would be helpful to have you there too  Cool
That's great! Soon you will have an opportunity to try different roles on our platform: to create a Wager, to bet on the outcome or to judge.. Wink
Here you go this is our Official Facebook Page - https://www.facebook.com/ProofOfToss


Thank you, this project is very exciting.Option to create wager is great it will create so many interesting options! It's nice to see a team that responds on each question, shows dedication and that he project has a team that knows a way to go!
That is why we are here!
Thanks;)
jr. member
Activity: 192
Merit: 1
What is the minimum amount needed to invest in your ICO during sale? Is it only ETH or can it be BTC also?
jr. member
Activity: 117
Merit: 2
I'm passionate man who likes to bet, been betting for 20 years now and I'm really happy that there are other enthusiasts also who are giving a go to bring betting on blockchain, so thunps up for you guys Cheesy I was wondering do you guys maybe have a Facebook page already? I use Facebook a lot, for my work also so it would be helpful to have you there too  Cool
That's great! Soon you will have an opportunity to try different roles on our platform: to create a Wager, to bet on the outcome or to judge.. Wink
Here you go this is our Official Facebook Page - https://www.facebook.com/ProofOfToss


Thank you, this project is very exciting.Option to create wager is great it will create so many interesting options! It's nice to see a team that responds on each question, shows dedication and that he project has a team that knows a way to go!
jr. member
Activity: 247
Merit: 2
Is it familiar what different type of bet will have on the platform?
These are: solution for bookmakers and peer-to-peer solution. In the first one is a ready to use, open-source platform for professional sportsbook suppliers, where they can create their own applications for the betting sphere they operate in. The peer-to-peer solution is created for users;where users can bet on anything they want: weather,sport,elections, etc.

so you will provide users the option to bet between themselves even on the most insignificant things. But the actual result needs to have some online proof?
You are absolutely right, Creator/Originator have to provide appropriate source where the results can be checked.

Wow, this will be so fun Cheesy It's gonna be great to be able to bet on whatever you want in the system that has everything transparent! It's like heaven for betting Cheesy

Can I bet that this project will be awesome!!!!  Grin Grin Grin
member
Activity: 255
Merit: 10
The PROOF OF TOSS referral program is now live. Everyone can bring a friend and get 8% per referral. For this affiliate program PROOF OF TOSS has allocated 5% of all TOSS tokens.

Is there some maximum amount of referral bonus  one can get?
No,there is no maximum.
member
Activity: 255
Merit: 10
Is it familiar what different type of bet will have on the platform?
These are: solution for bookmakers and peer-to-peer solution. In the first one is a ready to use, open-source platform for professional sportsbook suppliers, where they can create their own applications for the betting sphere they operate in. The peer-to-peer solution is created for users;where users can bet on anything they want: weather,sport,elections, etc.

so you will provide users the option to bet between themselves even on the most insignificant things. But the actual result needs to have some online proof?
You are absolutely right, Creator/Originator have to provide appropriate source where the results can be checked.
newbie
Activity: 175
Merit: 0
Is it familiar what different type of bet will have on the platform?
These are: solution for bookmakers and peer-to-peer solution. In the first one is a ready to use, open-source platform for professional sportsbook suppliers, where they can create their own applications for the betting sphere they operate in. The peer-to-peer solution is created for users;where users can bet on anything they want: weather,sport,elections, etc.

so you will provide users the option to bet between themselves even on the most insignificant things. But the actual result needs to have some online proof?
newbie
Activity: 266
Merit: 0
As one of the benefit points you narked Wisdom of the Crowd. What do you mean by that?
We are using the wisdom of the crowd in all our Judging and Challenge mechanisms. Employing the “prisoner's dilemma” with clear risk and reward for any action taken by the crowd and relying on our random number generator to select Judges we ensure that every decision will be right and true, if such decision is unreachable the Wager is cancelled and players immediately receive a full refund.

So for all of those who, like me, don't know this is the prisoner's dilemma meaning:

"The prisoner's dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interests to do so. "
member
Activity: 255
Merit: 10
Is it familiar what different type of bet will have on the platform?
These are: solution for bookmakers and peer-to-peer solution. In the first one is a ready to use, open-source platform for professional sportsbook suppliers, where they can create their own applications for the betting sphere they operate in. The peer-to-peer solution is created for users;where users can bet on anything they want: weather,sport,elections, etc.
member
Activity: 255
Merit: 10
Great project!  Wink What is the price per token? How to participate in the token sale? Do you have any bonuses? Do you have any territory restrictions?

HI!
Thank you very much for your questions.
To participate in the PROOF OF TOSS Token Sale all buyers must go through our KYC procedures. More information can be found in the Legal section of the White Paper.
10 000 TOSS = 1 ETH
MINIMUM PURCHASE QUANTITY - 0.071 ETH
RESTRICTED AREAS: Citizens, residents (tax or otherwise), or green card holders, of the United States of America are
ineligible to purchase any TOSS tokens in the TOSS Initial Coin Offering. The same pertains for residents of the Republic of Singapore, Canada and Hong Kong.
Yes, there are BONUSES! You'll get the bonus of 1000 TOSS tokens on any purchase during the token sale - join our Whitelist!



Hi. An interesting project. Can you please explain the KYC procedures briefly? Thank you for reply  Smiley


The KYC Procedure includes two steps:
Step 1.
 Fill in registration form with the following information about yourself:
 First name; Last name; Nationality; Country of Residence; Address.
 Then, please provide details on your personal / business activity:
 Industry Code—the field of your work;
 Occupation code—the type (or title) of your work;
 Source of funds – earned income (salary) or investments, etc.
 Please provide your email address and phone number in any form.
Step2.
 Choose your identification document.
 Then, please enter the issue date and the date of the chosen document.
 Please pay attention to the format of the date, which should be written in the form of
 year-month-date. For example, the 6th of February, 1996 should be written as: 1996–02–06.
 Please, do not use commas or spaces.
 All the user information on the photo must be clearly visible.

How long does it take to go trough this procedure,to get accepted?

It's just a matter of few minutes,however, sometimes it might take up to 24 hours.
member
Activity: 255
Merit: 10
I see that 6% of the tokens will be reserved for the team.Do you plan to lock those for some period of time?
Yes, you are right!
50% will be  locked for 1 year and 50% will be  locked for 2 years.
newbie
Activity: 224
Merit: 0
I see that 6% of the tokens will be reserved for the team.Do you plan to lock those for some period of time?

The standard practice is to lock them up for a couple of years so it prevents manipulation. But at the end it's up to the project.   
member
Activity: 255
Merit: 10
I don't know if someone already asked thia but why did you call it Proof of Toss?
Because placing a bet on an unpredictable result is comparable with a coin toss (coin flip). Our protocol helps confirm that the “toss” actually took place, that there were bets placed on different outcomes and then facilitates the process of determining a winner, ergo it’s a PROOF OF TOSS Smiley
member
Activity: 255
Merit: 10
As one of the benefit points you narked Wisdom of the Crowd. What do you mean by that?
We are using the wisdom of the crowd in all our Judging and Challenge mechanisms. Employing the “prisoner's dilemma” with clear risk and reward for any action taken by the crowd and relying on our random number generator to select Judges we ensure that every decision will be right and true, if such decision is unreachable the Wager is cancelled and players immediately receive a full refund.
newbie
Activity: 163
Merit: 0
I see that 6% of the tokens will be reserved for the team.Do you plan to lock those for some period of time?
newbie
Activity: 252
Merit: 0
Great project!  Wink What is the price per token? How to participate in the token sale? Do you have any bonuses? Do you have any territory restrictions?

HI!
Thank you very much for your questions.
To participate in the PROOF OF TOSS Token Sale all buyers must go through our KYC procedures. More information can be found in the Legal section of the White Paper.
10 000 TOSS = 1 ETH
MINIMUM PURCHASE QUANTITY - 0.071 ETH
RESTRICTED AREAS: Citizens, residents (tax or otherwise), or green card holders, of the United States of America are
ineligible to purchase any TOSS tokens in the TOSS Initial Coin Offering. The same pertains for residents of the Republic of Singapore, Canada and Hong Kong.
Yes, there are BONUSES! You'll get the bonus of 1000 TOSS tokens on any purchase during the token sale - join our Whitelist!



Hi. An interesting project. Can you please explain the KYC procedures briefly? Thank you for reply  Smiley


The KYC Procedure includes two steps:
Step 1.
 Fill in registration form with the following information about yourself:
 First name; Last name; Nationality; Country of Residence; Address.
 Then, please provide details on your personal / business activity:
 Industry Code—the field of your work;
 Occupation code—the type (or title) of your work;
 Source of funds – earned income (salary) or investments, etc.
 Please provide your email address and phone number in any form.
Step2.
 Choose your identification document.
 Then, please enter the issue date and the date of the chosen document.
 Please pay attention to the format of the date, which should be written in the form of
 year-month-date. For example, the 6th of February, 1996 should be written as: 1996–02–06.
 Please, do not use commas or spaces.
 All the user information on the photo must be clearly visible.

How long does it take to go trough this procedure,to get accepted?
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