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Topic: Faucet, casino, mixer, currency exchanger etc. all in one [NOW ALIVE!] - page 2. (Read 472 times)

copper member
Activity: 126
Merit: 1
Blockchain Developer / IT Security
Thanks for the answers.

Last question: Where are your operating costs and profits coming from? I can see from your screenshots you sell ad slots. Although I appreciate you might not have nailed down exact numbers yet, what kind of fees are you expecting to be charging for currency exchange and withdrawals? What kind of house edge will there be on your casino games?

It certainly looks like an interesting platform. I might not be your target market, since I wouldn't be using the mixing service for the reasons I stated above, and I don't have much interest in buying/exchanging most altcoins. I'd certainly be interested in having a go on your casino games when you launch though. Best of luck to you.

First of all I want to remind you we already have a starting budget to cover server expenses, advertising costs and probably some limited casino losses.
The effective profits will originate from the advertising networks we will take for most of our ad slots, certainly starting from a-ads.com in the very beginning. We will later try to get the needed requirements to enter higher paying ad networks such as mellowads.com and coinad.com, the sooner we get approved and the greater will be our profits as well as faucet rewards.
Further ad banners/texts will be sold on WZ platform through special programs you will find in your own account.
We haven't yet figured out what will be the house edge, mainly because it may be adjusted later once the platform builds the trust and community, but from time to time we will manually set house edge free for a limited time on special (or dead) days and this is very likely to be announced on our Telegram channel before going live.
The exchange rates will be up to 5% but they can be lowered by 1% anytime you reach a specific total exchange volume. [1% is the lowest exchange rate possible]
legendary
Activity: 2268
Merit: 18771
Thanks for the answers.

Last question: Where are your operating costs and profits coming from? I can see from your screenshots you sell ad slots. Although I appreciate you might not have nailed down exact numbers yet, what kind of fees are you expecting to be charging for currency exchange and withdrawals? What kind of house edge will there be on your casino games?

It certainly looks like an interesting platform. I might not be your target market, since I wouldn't be using the mixing service for the reasons I stated above, and I don't have much interest in buying/exchanging most altcoins. I'd certainly be interested in having a go on your casino games when you launch though. Best of luck to you.
copper member
Activity: 126
Merit: 1
Blockchain Developer / IT Security
you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).
This was my initial concern on reading OP's post as well.

If I use a service to exchange coins and gamble, and also use the same service to mix coins, then that service can link my mixed coins to my exchanging and gambling activities, my deposit and withdrawal addresses, my IPs, and so forth. If you need to make an account to use your exchange or casino (which I assume you will), then you can potentially now link mixed coins to an email address or other identifying information, which entirely defeats the point.

A couple of questions for OP:
What information is required to open an account? So you require any KYC information for any of your services?
Are your casino games provably fair?
How will you be securing customers' deposited coins?

1. Username, email*, password, PIN code (security code used for withdrawals, update account infos etc.) and KYC is totally absent from account registration but could be eventually asked later upon investigation.
2. Yes, all games including the lottery will be provably fair.
3. We will hold 5% of total funds on bitcoind, litecoind and dogecoind server used to process withdrawals upon request. The remaining funds will be moved to hardware wallets (e.g. Ledger) and BIP38 encrypted paper wallets in order to safely store the coins.

*Disposable/temp emails and VPNs are allowed as long as the user does not try to cheat the faucet through self-invited accounts since we pay back 20-30% claim commission to uplines.
legendary
Activity: 2268
Merit: 18771
you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).
This was my initial concern on reading OP's post as well.

If I use a service to exchange coins and gamble, and also use the same service to mix coins, then that service can link my mixed coins to my exchanging and gambling activities, my deposit and withdrawal addresses, my IPs, and so forth. If you need to make an account to use your exchange or casino (which I assume you will), then you can potentially now link mixed coins to an email address or other identifying information, which entirely defeats the point.

A couple of questions for OP:
What information is required to open an account? So you require any KYC information for any of your services?
Are your casino games provably fair?
How will you be securing customers' deposited coins?
copper member
Activity: 126
Merit: 1
Blockchain Developer / IT Security
Quote
This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)
There are some multi coin faucets already in existence.

Quote
Do you think it may work/succeed? What's your thoughts?
The idea might work if you add this to your website terms and conditions.

The idea of combining all mixer with other services is quite new.

Can you please link me some? Might be good to check them for introspection purposes!
By the way, we have already been working hard on a hand written terms and conditions, privacy policy, cookie policy and risk disclaimer featuring the bankroll investment.

It's a good idear, however there is one thing that pops to mind: you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).
I don't know if people would be willing to bet big on an unregistered casino, and i don't know if people would be willing to use a mixer if one the same site is a registered casino running.

Also, if you don't have a big enough bankroll, i guess it might be good idear to start without the casino and build a good rep before you start asking people to invest money into your company?

You are right on that because the casino is unregistered but the whole idea is not supposed to be focused on casino's revenue only, in fact there will be few simple games like dice, horse racing betting, lucky wheel, weekly lottery and custom games invented by us.
Therefore we can assume the average player will probably be the faucet user who tries his luck with his hard earned money made on faucet. This will eventually build trust allowing to attract bigger players in future.
After having discussed with some users found on Telegram groups we found a couple of persons who would be interested in exchanging (2-5% fee) and then mixing their coins with us despite the fact we are running multiple services all in one.
legendary
Activity: 3612
Merit: 5297
https://merel.mobi => buy facemasks with BTC/LTC
It's a good idear, however there is one thing that pops to mind: you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).
I don't know if people would be willing to bet big on an unregistered casino, and i don't know if people would be willing to use a mixer if one the same site is a registered casino running.

Also, if you don't have a big enough bankroll, i guess it might be good idear to start without the casino and build a good rep before you start asking people to invest money into your company?
sr. member
Activity: 1175
Merit: 275
Quote
This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)
There are some multi coin faucets already in existence.

Quote
Do you think it may work/succeed? What's your thoughts?
The idea might work if you add this to your website terms and conditions.

The idea of combining all mixer with other services is quite new.
copper member
Activity: 126
Merit: 1
Blockchain Developer / IT Security
UPDATE: the project is now online www.winza.cc
ANN: 🚀 WINZA.cc 🏆 Casino ⚡ Faucet ⭐ Exchange 🔥 Ad Network 🎲 D I C E <--- ✅

Hello everyone,
I've been observing BitcoinTalk since 2014 but never posted before, probably because at the time I still was in the learning process I guess.
In the meantime me and a couple of friends coded from scratch the "WZ Platform" (I don't yet wanna disclose the full name) which is basically a huge collection of services created by us such as faucet, casino games, lottery, advertising network, mixer, currency exchanger and much more.
This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)
Since our budget may not cover casino's potential big losses we decided to introduce bankroll investments for those interested in investing in our casino throughout a smart algorithm that calculates how much money is required to keep us going so it distributes the dividends accordingly until the user receives back the original invested amount + X net profit.
Do you think it may work/succeed? What's your thoughts?

I'm leaving here some screenshots taken from current alpha version:
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