Topic: [DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014 (Read 2078 times)

Do I win something extra by being first? just lol 

   Maintaining the characteristics of bitcoin, DSValue integrates the decentralized P2P lottery in addition. Therefore, DSValue can be used to trade and exchange, also buy the lottery.


   

• Reward Per Block:
  
       o   1~100 block: 100,000 per block (Premine: 10 million, 5 million for promotion, 5 million for internal incentive)
       o   101~ 105120: 250 per block
       o   105121~210240: 130 per block
• Time Between Blocks: Every 2.5 minute, release in one year
  
• Total Coin Supply: 52 million
  
• Difficulty Retarget: Dark Gravity Waves (DGW)
  
• Algorithms: X11
  

   The first is, pick 5 red ball numbers from 1 to 20, and 2 blue ball numbers from 1 to 10. There are 5 prize tiers as below,


  
Prize Level         Matching Numbers                       Expected winnings[1]                        Odds of Winning
               
                 Red Ball           Blue Ball      

1                    5                  2                     210,000 times of the stake                         1 in 210,000
  
2                    5                  1                       1,000 times of the stake                          1 in 1,000
                      4                  2      

3                    5                  0                        30 times of the stake                               1 in 30
                      4                  1      
                      3                  2      

4                    4                  0                        15 times of the stake                                1 in 5
                      3                  1      
                      2                  2      

5                    3                  0                        2 times of the stake                                 1 in 2
                      2                  1      
                      0                  2      



   The second way has 3 prize tiers. Pick 6 different numbers from 1 to 15. Win a prize by just matching the 4 number or hit it big by matching all 6 numbers.

 
Prize Level        Matching Numbers                Expected winnings[1]                   Odds of Winning

1                              6                           3,000 times of the stake                  1 in 3,000

2                              5                            17 times of the stake                     1 in 17

3                              4                             2 times of the stake                      1 in 2



Note: [1] The total winnings cannot surpass the prize fund. In that case, the 80% of the prize fund will be divided equally among multiple jackpot winners. 80% of the rest divided equally to the send level winners. Other tiers’ prize will be distributed by this analogy.

    All the prizes above share the same prize fund. If the prize fund has surplus, it will roll over to the next draw and be added to the prize fund for the following draw.





Upcoming: Distributed Secured Transaction System (DSPAY):

• Bitcoin is a low-cost electronic payment system that can save the cost in transaction.
  
• In daily business transactions, if one party broke a signed contract, the other would paid the cost of making sure the other party sticks to the terms of the contract and taking appropriate action(enforcement cost). The centralized systems, such as PayPal and Alipay, reduce the enforcement cost to some extent. Nonetheless, how to reduce the enforcement cost for decentralized system is still a problem to be solved.
  
• In order to minimize the transaction cast, out team are now working on the distributed secured transaction system which is without any center node and impossible to be controlled by anyone.
  
• After the upcoming distributed secured system release, DSValue can change to the digital asset of the system in ratio of 1:1. Then DSValue will come to an end.
  
• The release date of the system needs to be confirmed. Whitepaper of DSPay will issue later. Please follow up the announcement on the official website or on the official Social Network Site.