I think the idea is solid, however not sustainable, we are talking about something that will happen in about 10 days and after that?
There is really nothing to do is there. That is why I do not really see a sustainability and maybe that is why people are weary and finding it suspicious.
Not because it looks scammy or anything like that, if this was a game that happens in an already existing website for example, people would play there with no issue at all because they are basically making money in many many different methods as well, and this would be just an addition to their game list. However when you have only one thing and that is the only thing you will make money from and that thing will eventually ends, that means it is not really a website forever.
Topic: Introducing The HalvingGame.com: Put your money where your mouth is! (Read 354 times)
May 02, 2020, 06:08:18 AM
I have never ever blamed anyone for being suspicious. This space is full of scammers. We're trying hard to show that we're not one of these people.
The pot currently consists of roughly 2.3 BTC, that is the sum of all bets that player have placed. 98% of that will be paid out to the winners.
Since yesterday, we're offering 10k satoshi for free betting to anyone interested who is following us on Twitter. In addition, there is a 10% deposit bonus available up to 100k satoshi.
The game is picking up.
It's nice that you're thinking of ways to gain trust, but I gotta be honest that the pot looks really weird. There's vangiemeneses26 with 0.0001, but the rest of that money is put in by philjones, george, and empire making a ton of equally expensive transactions (0.01 or 0.005)... It just doesn't look like human behavior to me, I don't know... Anyone else finding it strange?The pot currently consists of roughly 2.3 BTC, that is the sum of all bets that player have placed. 98% of that will be paid out to the winners.
Since yesterday, we're offering 10k satoshi for free betting to anyone interested who is following us on Twitter. In addition, there is a 10% deposit bonus available up to 100k satoshi.
The game is picking up.
Why aren't you considering an escrow service to which you could give the equivalent of the pot? There are highly reputable people who do that on this forum. This would ensure that you are not going to take the money yourself since if you do that, there's your money that can be delivered to a winner instead. I don't know, I think there must be a way to truly make it a reputable thing.
May 02, 2020, 01:26:46 AM
I have never ever blamed anyone for being suspicious. This space is full of scammers. We're trying hard to show that we're not one of these people.
The pot currently consists of roughly 2.3 BTC, that is the sum of all bets that player have placed. 98% of that will be paid out to the winners.
Since yesterday, we're offering 10k satoshi for free betting to anyone interested who is following us on Twitter. In addition, there is a 10% deposit bonus available up to 100k satoshi.
The game is picking up.
The pot currently consists of roughly 2.3 BTC, that is the sum of all bets that player have placed. 98% of that will be paid out to the winners.
Since yesterday, we're offering 10k satoshi for free betting to anyone interested who is following us on Twitter. In addition, there is a 10% deposit bonus available up to 100k satoshi.
The game is picking up.
April 30, 2020, 05:25:29 PM
I do acknowledge your concerns. It's tough in this space to build up reputation.
We've come up with a way to alleviate those concerns a little. We're giving away 10k satoshi for betting (withdrawing not possible) per unique user for the time being, twitter is being used to verify that it's a unique user and it's also a good way of building up a community for our future projects and plans. HalvingGame is supposed to be just the first one of its kind.
Those who mistrust us can just take advantage of that bonus while we build up reputation. At halving day, we'll deposit all those bonuses into the hot wallet to allow the winners to withdraw. No risk for the user.
reputation is the most important here...We've come up with a way to alleviate those concerns a little. We're giving away 10k satoshi for betting (withdrawing not possible) per unique user for the time being, twitter is being used to verify that it's a unique user and it's also a good way of building up a community for our future projects and plans. HalvingGame is supposed to be just the first one of its kind.
Those who mistrust us can just take advantage of that bonus while we build up reputation. At halving day, we'll deposit all those bonuses into the hot wallet to allow the winners to withdraw. No risk for the user.
your account is a newbie and it's very natural why senior members here don't trust easily, and reputation can't be built in an instant.
April 30, 2020, 04:54:48 PM
I do acknowledge your concerns. It's tough in this space to build up reputation.
We've come up with a way to alleviate those concerns a little. We're giving away 10k satoshi for betting (withdrawing not possible) per unique user for the time being, twitter is being used to verify that it's a unique user and it's also a good way of building up a community for our future projects and plans. HalvingGame is supposed to be just the first one of its kind.
Those who mistrust us can just take advantage of that bonus while we build up reputation. At halving day, we'll deposit all those bonuses into the hot wallet to allow the winners to withdraw. No risk for the user.
We've come up with a way to alleviate those concerns a little. We're giving away 10k satoshi for betting (withdrawing not possible) per unique user for the time being, twitter is being used to verify that it's a unique user and it's also a good way of building up a community for our future projects and plans. HalvingGame is supposed to be just the first one of its kind.
Those who mistrust us can just take advantage of that bonus while we build up reputation. At halving day, we'll deposit all those bonuses into the hot wallet to allow the winners to withdraw. No risk for the user.
You cant really blame up people here to have those kind of comments towards trust issues. Giving out 10k sats for betting is somewhat good but would like to ask on how much you can potentially make
out if you did able to hit near-on spot price prediction into this bet amount? So you do talk about future project or plans so this halving game site would only be good for halving event only?
or would be planned out to be used continually even the event is over?
April 30, 2020, 01:30:10 PM
I do acknowledge your concerns. It's tough in this space to build up reputation.
We've come up with a way to alleviate those concerns a little. We're giving away 10k satoshi for betting (withdrawing not possible) per unique user for the time being, twitter is being used to verify that it's a unique user and it's also a good way of building up a community for our future projects and plans. HalvingGame is supposed to be just the first one of its kind.
Those who mistrust us can just take advantage of that bonus while we build up reputation. At halving day, we'll deposit all those bonuses into the hot wallet to allow the winners to withdraw. No risk for the user.
We've come up with a way to alleviate those concerns a little. We're giving away 10k satoshi for betting (withdrawing not possible) per unique user for the time being, twitter is being used to verify that it's a unique user and it's also a good way of building up a community for our future projects and plans. HalvingGame is supposed to be just the first one of its kind.
Those who mistrust us can just take advantage of that bonus while we build up reputation. At halving day, we'll deposit all those bonuses into the hot wallet to allow the winners to withdraw. No risk for the user.
April 30, 2020, 11:45:23 AM
Since the website is new and you don't have any reputation on this forum yet, I am sure you understand it raises trust issues. Why should people trust the website and deposit their money if there's no guarantee it won't just be stolen? Betting on the price at the time of halving is a potentially interesting event, but it should be organized properly to attract attention. People have been mentioning Ethereum games, but the thing with Ethereum is that it allows a smart contract to perform the payouts which means there's no need to trust it. In your case, it's probably a good thing to come up with a way of proving you're not going to scam people.
April 30, 2020, 10:41:30 AM
Interesting, I visited the website to check it and I notice that there is no maximum limit for your bet meaning you are free to bet even if you will be putting only a minimum bet. And for the Weight factor, will the amount of bet will be considered also aside from what you have mentioned to it.
Because I notice in the betting list that there are different amounts that were being wagered and maybe if I can get a clarification to it, I will be glad to participate to it. I am a little bit puzzled with the FAQ's, I am hope you can answer my little clarification here.
Because I notice in the betting list that there are different amounts that were being wagered and maybe if I can get a clarification to it, I will be glad to participate to it. I am a little bit puzzled with the FAQ's, I am hope you can answer my little clarification here.
Happy to answer your questions. There is no maximum bet limit, but I would suggest to make many tiny bets instead of one big bet. You never know where the bitcoin price will be at halving.
The weight factor is pretty difficult to grasp at first. For example, the weight factor is 11.84409747 right now. That means if I bet 1 bit (=100 satoshi) my weighted bet is 1184 satoshi. After the round completes (halving) the payout formula is:
profit = (sum of my weighted bets in target zone/ sum of all weighted bets in target zone)
Basically that means you're getting an edge to all players that place a bet later than you. This doesn't mean that more money is added to the pot from us, it's just a calculation factor to favor older bets over newer bets.
A player that bets on the last day will only have a weight of 1, meaning he gets no additional advantage.
I hope I could answer your questions.
April 30, 2020, 07:57:37 AM
Introducing The Halving Game, a fun platform about anticipating the Bitcoin price.
Can you predict the BTC/USDT price on Binance at the time of halving on May 12?
Then make your bet and win your share of the pot! It’s 100% anonymous, no email address required.
How does it work?
Everyone makes one or more bets with their own price prediction. At the time of halving (when block 630,000 hits), those bets within a +/- 2.5% range (target zone) around the Binance price will be paid out their share of the pot. For example, if the price at the time of the halving is 10,000 USDT, you would have your bet(s) placed between 9,750 USDT and 10,250 USDT (-2.5% to +2.5%). The minimum bet size is 1 bit, or 100 satoshi.
Weight factor
The weight factor spices things up even more and rewards older bets over younger ones, i.e the earlier you bet the greater your weight factor will be. For example, if you bet 14 days before the halving, the weight factor of your bet is 14.0. If you’re in the target zone, your share of the pot will be your bet multiplied by 14, so be quick because a bet only 7 days before the halving will have a weight factor of just 7.0. On the last day of the game, each bet only counts 1x.
TL;DR: Bet as early as possible to get the maximum output.
Payout calculation
After the halving, the pot is distributed to those players whose bets are within the price range. The formula for the payout is:
sum of my weighted bets in target zone / sum of all weighted bets in target zone
Service fee
We’re charging a modest fee of 2% to operate the service and provide support. The service fee is deducted at the time of payout.
Good Luck!
The game starts today, 14 days before the halving and bets will be allowed until block 629995, 5 blocks until the halving.
Check it out at https://halvinggame.com.
Follow us on twitter at https://twitter.com/HalvingGame
And now we wish you all good luck!
Also, any feedback is most welcome!
Because I notice in the betting list that there are different amounts that were being wagered and maybe if I can get a clarification to it, I will be glad to participate to it. I am a little bit puzzled with the FAQ's, I am hope you can answer my little clarification here.
April 30, 2020, 07:35:16 AM
This is something like the ETH crash style game which a particular user conducted in this forum sometime back where the winner received a pot of winnings accumulated through different sources.
Personally, I am interested in this game, but your site contained no proper explanation as to how the game works making it really confusing for newbie gamblers. A FAQ section should be added.
Personally, I am interested in this game, but your site contained no proper explanation as to how the game works making it really confusing for newbie gamblers. A FAQ section should be added.
Yes, this reminds me exactly of all those games that were so popular. I even almost played some of the games and thank god I did not, especially the ones that tell you about dividends. I actually thought I could earn from dividends I knew the whales would win the jackpot but those who played it turns out did not earn anything at all. It was still randomness and big whales who got majority of pot.
April 30, 2020, 03:28:13 AM
Where exactly is the bet going to be held? On Binance, or participants will be predicting binance price from a different site with binance api? Guess it's from this site: https://halvinggame.com/ ?
Well, wish this could be combined with day trading so that bettors can trade the daily volatility while betting on other available games(if you have others) or waiting for the halving date.
Well, wish this could be combined with day trading so that bettors can trade the daily volatility while betting on other available games(if you have others) or waiting for the halving date.
April 29, 2020, 05:16:06 PM
In addition, those newbie accounts commenting above do belong to op itself. hehe Its really hard to trust up these new sites that do just pop out from nowhere
and if you do try to look up on the site designs itself then you would already able to tell if this one would be worthy or not.Frankly speaking i would rather
do make up some leverage trading than depositing into this place.
Not sure about the newbie accounts, but I can understand your opinion about the site. Since the minimum deposit is just 100 sats, I think some of us could simply verify its legitimacy without losing much.and if you do try to look up on the site designs itself then you would already able to tell if this one would be worthy or not.Frankly speaking i would rather
do make up some leverage trading than depositing into this place.
which is really a must avoided thing for any new service/platforms to be done because this will just create negative impressions when they do try
to hype up their game/site using their own way and not totally a legitimate user and this kind of act is manipulative which is really
a shady thing.
April 29, 2020, 03:08:13 AM
Not sure about the newbie accounts, but I can understand your opinion about the site. Since the minimum deposit is just 100 sats, I think some of us could simply verify its legitimacy without losing much.
Very well said. As of the moment, the total amount (of prizes to be shared with by the winner/s?) stated in the website is 0.0232263 BTC. We wouldn't want to add anymore satoshis there (any amount, not even 100 sats) as it would promote more for other players to join. What we need right now is some assurance that they'll pay up to the winners once it's all over.
I'd recommend to stay away from them until they provide verifiable proofs for this contest.
April 29, 2020, 03:00:49 AM
Not sure about the newbie accounts, but I can understand your opinion about the site. Since the minimum deposit is just 100 sats, I think some of us could simply verify its legitimacy without losing much.
April 29, 2020, 02:55:20 AM
The cassino was focused on the halving game, its that means they will close after the halving it's done. Kinda worrying about the cassino itself cause no one know about this casino, typical game like this should be using a smart contract went the payout its automatically.
I didn't think about the smart contract aspect. It would have been better that way indeed, but I wouldn't dismiss the site so early. Op seems to be responding to queries in this thread responsibly and the site itself looks decent.In addition, those newbie accounts commenting above do belong to op itself. hehe Its really hard to trust up these new sites that do just pop out from nowhere
and if you do try to look up on the site designs itself then you would already able to tell if this one would be worthy or not.Frankly speaking i would rather
do make up some leverage trading than depositing into this place.
Not sure about the newbie accounts, but I can understand your opinion about the site. Since the minimum deposit is just 100 sats, I think some of us could simply verify its legitimacy without losing much. and if you do try to look up on the site designs itself then you would already able to tell if this one would be worthy or not.Frankly speaking i would rather
do make up some leverage trading than depositing into this place.
April 28, 2020, 05:28:36 PM
This is something like the ETH crash style game which a particular user conducted in this forum sometime back where the winner received a pot of winnings accumulated through different sources.
Nah, more than jackpot from my perspective since we guessing the price of the coins.The cassino was focused on the halving game, its that means they will close after the halving it's done. Kinda worrying about the cassino itself cause no one know about this casino, typical game like this should be using a smart contract went the payout its automatically.
In addition, those newbie accounts commenting above do belong to op itself. hehe Its really hard to trust up these new sites that do just pop out from nowhere
and if you do try to look up on the site designs itself then you would already able to tell if this one would be worthy or not.Frankly speaking i would rather
do make up some leverage trading than depositing into this place.
April 28, 2020, 03:53:59 PM
Interesting idea and nicely done! What happens after the halving?
Is there any partcular plan after the halving?
Thank you for your feedback. Indeed we have some exciting plans after the halving. Please stay tuned while we develop phase2 of this project. We're not stopping at the halving! Details will be announced in the coming days.
April 28, 2020, 03:09:01 PM
I tried to make a small deposit and some bets, everything was smooth. Now lets wait the halving!
Is there any partcular plan after the halving?
Is there any partcular plan after the halving?
April 28, 2020, 02:22:19 PM
This is something like the ETH crash style game which a particular user conducted in this forum sometime back where the winner received a pot of winnings accumulated through different sources.
Nah, more than jackpot from my perspective since we guessing the price of the coins.The cassino was focused on the halving game, its that means they will close after the halving it's done. Kinda worrying about the cassino itself cause no one know about this casino, typical game like this should be using a smart contract went the payout its automatically.
April 28, 2020, 02:20:23 PM
Hello, is there any min or max limit on deposits and withdrawals?
Thank you for your question. No limits on deposits or withdrawals.
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