Wow this is new to me I never thought that there would be such gambling in discord,
But I think it would always be possible after all they already made some gambling channel in telegram .
But I think this wouldn't really be attractive to a gambler unless the gambler wants to hide his gambling habits to their partner.
Topic: flashflip | PvP Gambling built right into Discord | 1% edge | Provably fair - page 5. (Read 1076 times)
May 17, 2019, 09:54:38 PM
May 17, 2019, 07:41:44 PM
Announcing the beta release of flashflip
Hey everyone, my name is Jason and I'm the owner of flashflip. Together with my partner VarFC, who is the head coder of flashflip, we're proud to bring you a cryptocurrency gambling experience that is unparalleled. flashflip allows you to enjoy your gambling experience from the comfort of a Discord server via the use of our Discord bot. There is no need for you to use an external site for any part of the gambling experience, be it depositing, withdrawing, investing, or the actual gaming.
Game mechanics
Currently, there are two game modes available: coinflip, and rock-paper-scissors (RPS). In coinflip, users can place a bet on either heads or tails. If the bet resolves in their favour, they receive 198% of their bet back, and if it doesn't, they lose their bet. The same applies for RPS, except there's the possibility of tying with the bot. In that case, the bet is returned in full. The current house edge of both of these games is 1% and is not set to change in the foreseeable future. The maximum win is 1% of the current bankroll.
All games against the bot are provably fair. To generate each result, the bot's daily server seed is used in conjunction with the user's set client seed. The user can set a custom client seed at any time. Every day, the bot automatically reveals the previous day's server seed, which can be used to verify rolls. To ensure that the rolls are fair, one would run the hmac code snippet using their client seed, nonce, and that day's server seed for more than one roll. This is easily available in the form of a verification command built into the bot, and the script can also be run locally.
flashflip can also be used to be play PvP games with your friends! The coinflip and RPS games are available to be played between two players who agree to the game and have an available balance. For RPS, they can DM their choice to the bot, and the winner will be paid out 199.5% of their bet, with 0.5% moving out of the bets as a bot commission fee. Thus, the house edge for PvP games can be considered to be 0.25%.
Investing mechanics
The bankroll of flashflip is available for public investment with a simple invest command. If you invest in the bankroll, that means you receive a stake in it, and you receive a proportion of all player losses. You also have to payout a share of all players wins. There is a 0.25% bot commission that is taken from the investors for each wager. This means that the expected profit for investments can be considered to be +0.75% per wager made. There is also a dilution fee of 2% applied to all new investments that is given to old investors with no bot commission. This is for two purposes: to ensure that old investors are not diluted away unfairly, and to reward long-term investors. We would like to credit bustabit for the investment mechanics, as the bankroll model is based on it entirely.
Our principles
We believe in complete transparency for users at all times. All tokens in the flashflip bot are backed 1:1 by real bitcoins. Investors can, at any point, request a signed message in order to verify holdings, and it will be promptly provided. We also guarantee that all withdrawals of user balances made from the bot will be processed instantly and without delay. Regardless of withdrawal amounts, we will never force users to give away any of their information for any purpose whatsoever. If we are made aware of a player that is underage or of a player that is gambling illegally, their balance will be frozen at that period in time and they will be unable to play further: but their balance will not be confiscated, and they will be able to withdraw as per normal at any time.
Miscellaneous features
flashflip can also be used as a general cryptocurrency tipping bot for bitcoin. Due to the limited selection of currencies available in flashflip, we recommend a different solution for tipbots. We plan to integrate multi-server support very shortly, along with a myriad of other exciting features.
Official team
Owner and Founder - JasonFC (563158752442974218)
Head Coder and Operator - Var (567327713287864321)
Official server link
https://discord.gg/eeeXrzt
Note: This thread will be self-moderated to prevent advertising and spam.
Hey everyone, my name is Jason and I'm the owner of flashflip. Together with my partner VarFC, who is the head coder of flashflip, we're proud to bring you a cryptocurrency gambling experience that is unparalleled. flashflip allows you to enjoy your gambling experience from the comfort of a Discord server via the use of our Discord bot. There is no need for you to use an external site for any part of the gambling experience, be it depositing, withdrawing, investing, or the actual gaming.
Game mechanics
Currently, there are two game modes available: coinflip, and rock-paper-scissors (RPS). In coinflip, users can place a bet on either heads or tails. If the bet resolves in their favour, they receive 198% of their bet back, and if it doesn't, they lose their bet. The same applies for RPS, except there's the possibility of tying with the bot. In that case, the bet is returned in full. The current house edge of both of these games is 1% and is not set to change in the foreseeable future. The maximum win is 1% of the current bankroll.
All games against the bot are provably fair. To generate each result, the bot's daily server seed is used in conjunction with the user's set client seed. The user can set a custom client seed at any time. Every day, the bot automatically reveals the previous day's server seed, which can be used to verify rolls. To ensure that the rolls are fair, one would run the hmac code snippet using their client seed, nonce, and that day's server seed for more than one roll. This is easily available in the form of a verification command built into the bot, and the script can also be run locally.
flashflip can also be used to be play PvP games with your friends! The coinflip and RPS games are available to be played between two players who agree to the game and have an available balance. For RPS, they can DM their choice to the bot, and the winner will be paid out 199.5% of their bet, with 0.5% moving out of the bets as a bot commission fee. Thus, the house edge for PvP games can be considered to be 0.25%.
Investing mechanics
The bankroll of flashflip is available for public investment with a simple invest command. If you invest in the bankroll, that means you receive a stake in it, and you receive a proportion of all player losses. You also have to payout a share of all players wins. There is a 0.25% bot commission that is taken from the investors for each wager. This means that the expected profit for investments can be considered to be +0.75% per wager made. There is also a dilution fee of 2% applied to all new investments that is given to old investors with no bot commission. This is for two purposes: to ensure that old investors are not diluted away unfairly, and to reward long-term investors. We would like to credit bustabit for the investment mechanics, as the bankroll model is based on it entirely.
Our principles
We believe in complete transparency for users at all times. All tokens in the flashflip bot are backed 1:1 by real bitcoins. Investors can, at any point, request a signed message in order to verify holdings, and it will be promptly provided. We also guarantee that all withdrawals of user balances made from the bot will be processed instantly and without delay. Regardless of withdrawal amounts, we will never force users to give away any of their information for any purpose whatsoever. If we are made aware of a player that is underage or of a player that is gambling illegally, their balance will be frozen at that period in time and they will be unable to play further: but their balance will not be confiscated, and they will be able to withdraw as per normal at any time.
Miscellaneous features
flashflip can also be used as a general cryptocurrency tipping bot for bitcoin. Due to the limited selection of currencies available in flashflip, we recommend a different solution for tipbots. We plan to integrate multi-server support very shortly, along with a myriad of other exciting features.
Official team
Owner and Founder - JasonFC (563158752442974218)
Head Coder and Operator - Var (567327713287864321)
Official server link
https://discord.gg/eeeXrzt
Note: This thread will be self-moderated to prevent advertising and spam.
Jump to: