Author

Topic: FairPonzi - transparent, nonfee and opensource pyramide gambling SmartContract (Read 271 times)

newbie
Activity: 46
Merit: 0
First big winner: 0xd1D04d8E0dbef3ADf8C56a6ec1cC7Bf44e33438d
Grats!
newbie
Activity: 46
Merit: 0
First bigger winner is out with 122% return. Congratulations!

Still 1,27 ETH left in the pot.
newbie
Activity: 46
Merit: 0
Well, I would just point out that Satoshi really didn't seem to have all that much of a hand in the creation of Ethereum, so we'll never know.  Wink

That said, I can almost appreciate this post. At least the guy is honest that it is a pyramid scheme. Instead of some excuse about "trading bots", "arbitrage", and "mining" that other ponzis say they do.

Regardless though, this really does seem like it belongs in the gambling section, as opposed to here.
If you want to know how OP makes his money, I'd check out the source code itself.

If you don't see the program, you can't see what he's doing. But odds are good, he's just sitting on top, and will do that each time the system resets.
Good comment. Yes its pure gambling.

Yeah sure, I also have invested. But SmartContract started at a defined block, so everybody was able to invest. Even in front of my investment.

What are the chances of someone making a profit?
Excat 99.232543%

No sorry, its uncalcable..
But after one day you have profit. It's very unlikly that ponzi will go bankrupt tomorrow. There are still overy 1 ETH in!

FairPonzi looks like a potentially great investment. Do you have any plans for getting more investors in and the community engaged?
He gains money by sitting on top of the pyramid so everyone who joins after him gets to contribute a small percentage to him. My take in this is, enjoy it while it lasts because in the end it will all collapse like a deck of cards. Is this what Satoshi really wanted Huh
Everybody can sit on top, because of the delay start. There was no preinvest possible.
And no, I dont get any percentage if somebody joins. Look at the code, everybody gets 0.5% per day fixed. Not depend on how much join or leave

How does the company generate revenue without fees?
We don't have any running costs, so we don't need running fees. Program is running on Ethereum and website is hosted on free Github.  Grin
sr. member
Activity: 504
Merit: 297
CryptoTalk.Org - Get Paid for every Post!
Well, I would just point out that Satoshi really didn't seem to have all that much of a hand in the creation of Ethereum, so we'll never know.  Wink

That said, I can almost appreciate this post. At least the guy is honest that it is a pyramid scheme. Instead of some excuse about "trading bots", "arbitrage", and "mining" that other ponzis say they do.

Regardless though, this really does seem like it belongs in the gambling section, as opposed to here.
If you want to know how OP makes his money, I'd check out the source code itself.

If you don't see the program, you can't see what he's doing. But odds are good, he's just sitting on top, and will do that each time the system resets.
jr. member
Activity: 182
Merit: 1
Interesting project. This still ongoing?
full member
Activity: 644
Merit: 101
What are the chances of someone making a profit?
jr. member
Activity: 31
Merit: 1
FairPonzi looks like a potentially great investment. Do you have any plans for getting more investors in and the community engaged?
He gains money by sitting on top of the pyramid so everyone who joins after him gets to contribute a small percentage to him. My take in this is, enjoy it while it lasts because in the end it will all collapse like a deck of cards. Is this what Satoshi really wanted Huh
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
In a few words how would you describe FairPonzi to an investor?
Would like to ask the same question and also why would use the word ponzi? We or most people do know on whats ponzi what about and its senseless or dum thing for you to make or use such word if you are trying to seek up investors. This is indeed a gambling site and been wondering if you dont hold up the funds how you would able to get profits? Lots of questions in mind but yet questions been asked above still unanswered.
full member
Activity: 644
Merit: 101
Is there somewhere I could get more timely answers to questions?
member
Activity: 234
Merit: 10
FairPonzi looks like a potentially great investment. Do you have any plans for getting more investors in and the community engaged?
full member
Activity: 588
Merit: 100
How does the company generate revenue without fees?
full member
Activity: 644
Merit: 101
What do your smart contracts do?
full member
Activity: 378
Merit: 100
Where are you guys based out of?
newbie
Activity: 46
Merit: 0
I still am not getting what you are really offering here Huh
We offer a ponzi scheme like many out there in cryptoland.
Execpt this on is build on Ethereum and its opensource to make it fair and transparent.

In this ponzi you get +0.5% every day of your amount you have paid to contract.

And you can payout anytime you want.

Edit:
And the most important thing is, to find the best out point. (As in every ponzi)
But as now in the beginning its no problem Cheesy

Is there any risk?
Yes, as every ponzi.

Now we have a Telegram group here:
https://t.me/joinchat/ImCwjhIGnZULjMRRS0LCNg
full member
Activity: 644
Merit: 101
I still am not getting what you are really offering here Huh
We offer a ponzi scheme like many out there in cryptoland.
Execpt this on is build on Ethereum and its opensource to make it fair and transparent.

In this ponzi you get +0.5% every day of your amount you have paid to contract.

And you can payout anytime you want.

Edit:
And the most important thing is, to find the best out point. (As in every ponzi)
But as now in the beginning its no problem Cheesy

Is there any risk?
newbie
Activity: 46
Merit: 0
In a few words how would you describe FairPonzi to an investor?
Opensource contract with 590% return per year!
newbie
Activity: 46
Merit: 0
I still am not getting what you are really offering here Huh
We offer a ponzi scheme like many out there in cryptoland.
Execpt this on is build on Ethereum and its opensource to make it fair and transparent.

In this ponzi you get +0.5% every day of your amount you have paid to contract.

And you can payout anytime you want.

Edit:
And the most important thing is, to find the best out point. (As in every ponzi)
But as now in the beginning its no problem Cheesy
member
Activity: 347
Merit: 10
I still am not getting what you are really offering here Huh
sr. member
Activity: 770
Merit: 250
In a few words how would you describe FairPonzi to an investor?
newbie
Activity: 46
Merit: 0
How can I get started using your app? Is this only on a testnet?
Its already running live on the Ethereum blockchain.

Best wallet to use is Metamask plugin: https://metamask.io/

Then you make a transaction with the amount you want to invest to Contract address (0x398bf07971475a020831d9c5e2ac24ff393b9862).

Now you get every day 0.5% of your actual balance. With compound interest !

For payout, click payout button or send a 0 Eth transaction to contract address
member
Activity: 185
Merit: 10
This platform is already live?
Yeah, sure, some payouts are already out there: https://etherscan.io/address/0x398bf07971475a020831d9c5e2ac24ff393b9862#internaltx

But still very fresh, I think this will run some time Smiley

How can I get started using your app? Is this only on a testnet?
newbie
Activity: 46
Merit: 0
This platform is already live?
Yeah, sure, some payouts are already out there: https://etherscan.io/address/0x398bf07971475a020831d9c5e2ac24ff393b9862#internaltx

But still very fresh, I think this will run some time Smiley
full member
Activity: 644
Merit: 101
This platform is already live?
newbie
Activity: 46
Merit: 0
newbie
Activity: 46
Merit: 0
http://fairponzi.github.io

What we offer:
   o 0.5% daily reward
   o 100% open source
      - Website(html/javascript) + SmartContract(solidity)
   o 100% fair and easy gambling
      - EVERY people has EXACT the same information!

What we don't have:
   o No control of your funds
   o No preinvest
   o No downtime
      - website is standalone - You can run it on your home pc
      - contract runs on Ethereum
   o No tracking
   o No ads
   o No fee

How it works?
   o Like every pyramide system:
      - First come, First served
      - Find the best all-out point
      
Rules:
   o Get 0.5% daily reward of your current balance
   o With a 0 ETH transaction you redeem a payout
      - You can payout anytime you want!
   o If fairponzi cannot pay a payout request, it goes bankrupt, reset and and starts from beginning
   o Starting at block 5'646'372 (so nobody is able to preinvest!) - 20.05.2018 12:00:00 UTC
   o Contract address: 0x398bf07971475A020831D9C5e2Ac24ff393B9862
   
How referral works?
   o You can easy generate referral link with "Copy link" button
      - If somebody payin over your link, you get 10% of his winning reward
   o Advanced promotors can host the website on your own with automatic included referral data

Can I lose my coins?
   o Yes, most likley somebody else will win your coins!

Website Backups:
   o English:
      - Swarm: https://www.swarmdrop.com/files/c86c5a01c91fe6ff4becd944372610f6a6d40c8b0bd0bad3ec98d81b592424a0
      - For local use: https://anonfile.com/X7vb44eab3/standalone-en.html
   o Chinese:
      - Swarm: https://www.swarmdrop.com/files/81116813c991fa541c26fc9c9b51c96166d0a541b8ec8c9c25b6eed0d1413e03
      - For local use: https://anonfile.com/Y1vc46ecbf/standalone-cn.html


Good luck and happy gambling!
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