Topic: ✅ Madoff's game⭐Jackpot Dapp🚀 Win the jackpot 💰 Or win new player's money 💲 ✅ (Read 458 times)

ok; got it still think smallest timer is more attractive.
I havn't bet yet i keep watch how game go before making a big bet.
question: jackpot is 40% from share price; meaning total amount bet in your game = jackpot * 2.5 = 55136 * 2.5 = 137,840 TRX total? but why balance only 124,033.979651 TRX (https://tronscan.org/#/contract/TVLdijjw8aryn2sF7KqNS4KtUnKHAGnaGZ/code) where are missing trx ?

So in order to see the game and get "live info" from it you need to unlock your tronlink, even if you do not have tron on it.
For the moment the website only get info from your tronlink it cannot explore the blockchain by himself yet.

We it is not the best way and we should evolve this in a near future but for the moment website is just a basic interface between tronlink and the contract.


Current jackpot is 55 088 Tron and timer is 6h13min left at the moment where I post this reply.

If you have any troubles connecting with tronlink please let know. I'll see what I can do.




Yes you right also there is no multi level referal in our game : once you lose your earnings depends on players behind you but even if you do no referal at all and if players play after you will earn.

You do not earn more if you refer players and not less if you do not.

You earning once you lost depend on how much share you got, how much share are already in the contract and how much new players play after you regardless if you are the one bringing new players or not.

Current jackpot for 50k tron is already finished off?  As count down timer shows zero everywhere, you must update to the latest thing more prominently. I am not seeing these kinds of delay in any of highly reputed gambling houses. Due to the same reason, am I unable to select main chain for mainnet tronlink?

I do not think so; just because of having multi-level referral earning does not mean it could be a ponzi. If you have at least one element as the actual business then that will not be a ponzi anymore. A ponzi is usually having "money/investment " as a the main business .

That's the spirit !




Well we chose to do it like this at start in order to let players try and see and keep the game going even if only few player try it at start. Game have an interest.

Also at start jackpot is not big enough to attract a lot of players so we think the jackpot amount / time ratio is good to let time to first players to try it.

It allow the game to potentially deliver a big jackpot even if it is in a long time, still all along jackpot have an interest to be attempted early even if it is still quit small 55000+ tron for a 40 tron participation you will win a part back if you lose is I think acceptable. It keep the game attractive even with few players at start.




Well it is the other way around a jackpot game in which you can win back your money or even more if you lost early. The goal here is to reward first players that attempt the jackpot but didn't make it. It will also allow them to play again without paying full price if they want too.

It is kind of a rake back we wanted to create : you lost but you help the jackpot getting bigger by trying to win so it will attract new players so you get a reward for it.

As much as you had bet early and help the jackpot grow as much as you get back. A reward for early adopters even if they lose they believe in the contract, so the contract reward them.

We also think it allow players that think it gonna go far ( as elmuria think for example ) to bet some money early as it will help the jackpot get bigger tho it will attract more players and he could still play the game later with the money he will win by attracting new players in it and so on.
But it is a bet, not an investment there no guarantee returns and return only depend on how much players will play after you. So if you think it is attractive enough for players to go far you can play it this way.
Yet it is not the main goal, the main goal is to win the jackpot. We could see this as a side game : you can win money with it but always less than playing only the jackpot.

Finally we think it is a great mechanism to attract new player while keeping older players involved in the game. It will help players more easily talk about it even if they lost as they kind of still playing the game.


For the moment we only had 37 unique users but some had already play several times you can watch our stats on dapp radar : [here]. It just started so it is not big but it keep growing.

Jackpot is currently at 55 024 Tron and keep growing ! I hope the momentum will come with the jackpot getting bigger giving more momentum and so on. But could take more or less time we don't know.


Would you like to try it ?

So is this just a gameified Ponzi scheme or what? Pretty much seems like a multi-level marketing scheme with a game element to it.

That said, the gameplay does actually look fun, though I doubt the game will pick up the momentum to deliver the jackpot rewards you've got in your ANN post.

Can you tell us how many users you currently have?

Ok; i didn't understood it like that before thx for explanation. Will not bet 20k now but maybe be 1-2k, and i'll also play for jackpot if game don't go this far i'll win jackpot!!! Still a problem: it could take months or even years going at level 6-7 with the timer you chose. why not get smallest timer for first steps?

Yes once again you right but their is not much we can do if a user decide to do so, but if you have any recommendation on something we could do I'm ok to try it.

Yet even if you are a big whale and you are the only bot user you could lost more than the jackpot amount using a bot. Bots don't guarantee a win, it just guarantee ( with enough tron ) you are not gonna lose the jackpot but you could bet more than jackpot amount making you a loser even if you win it at some point.

Well,,, it would always make sense for a bot if the player is a whale confident that he is the biggest whale ready to play. I have a feeling a lot of whales are very techie in this space, they have bots and they also monitor other whales. They know when each other are active. So if I was a whale,,, I would definitely use bots in all these fomo3d games to stretch the game out longer than anyone else can. Make them tire or make them submit.

Which website do you refer to ? ( other than fomo3d )


I understand, but their is not much we can do, it is about the game design it self, we don't have much options here.

For early levels bots have no interest but they could have one if the games goes into very late stages.

The problem with using a bot is ( from a game theory perspective ) you need to be the only one doing so because if 2 players use bots it doesn't work for neither of thoses players. So maybe we can count on the fact players will not try bot just in case some one else could do it and it would ruin the whole strategy.

Also even if only one player use a bot he can't know where the game session is gonna end he can only make sure game session not gonna end if is not the winner as long as he have enough money so if you use a bot you expose yourself to bet a huge amount without being sure to win ( except with an infinite amount of money of course ).

Some websites have similar jackpot like this.

IMO, this kind of jackpot more profitable to a user who can be using a bot transaction every time someone deposits/buying the tickets then the bot will react to buying the ticket too. It makes him become the last person who buying the share, now the question how you can handle this kind of activity. I mean this is not really fair who someone who buying a share/jackpot by manually.

Cause of that is, I more like it a jackpot using a random generate random from the smart contract to determine the winners.

Yes shares are bought online, to be accurate they bought in a smart contract on tron blockchain.


I'm sorry but I don't understand : why do you think players with faster network would out muscles those with slower networks ?

In this game the last player to bought a share can win the jackpot not the fastest.


The downside I imagine with a faster network could be, if 2 players decide to buy a share at the exact same moment the one with the fastest network will get his shares first.

But they both gonna get their share anyways.

If the jackpot get hit right after their purchase the one with the slower network indeed get an hedge as he is the last player to had play in the contract.

Is the shares  bought online? Then counties with faster network will always out muscles those that there network is not as fast. The game is not fairly balance if things goes like That

So you right most reals Madoff's investors lost money.

We decided to call the dapp Madoff's game as a wink to the fact losing players win a part of new player's money as in Madoff's fund he pay earnings to first investors with new investors money.

In our game too some players will lost money for sure, once the jackpot get hit, ( except the winner ofc ) all purchase shares from the previous level ( or two if game goes far ) are going to lose some to most of their betting money (depending on how close they play from the jackpot winner).

This is the main difference with real madoff's scam : our game is a gambling dapp and not a ponzi hedge fund.
We don't lie to players by guarantying them an ROI and we try to keep new players interest by having a jackpot.





I didn't know fomo3d, but I just read about (I'll keep doing so, a lot of content).


So you right gameplay is very similar, few differences from what I understand yet : first one your winnings ( from new players bets ) are not lock in the contract you can withdraw them at anytime even if jackpot is still ongoing. ( some players already had done so btw ).

Also another difference seems to be the steps with the "give back" it generate to losing players, in our game, once you lose it take between 1 to 2 steps to get fully refunded so seems in our game it is a lot quicker to win ROI on losing shares.

Finally if this article is right : https://medium.com/coinmonks/how-the-winner-got-fomo3d-prize-a-detailed-explanation-b30a69b7813f
We should not be vulnerable to this kind of attacks thanks to tron network, this doesn't mean we are not vulnerable to other kind of attack. I need do dig deeper into this.


But for the most part our gameplay is indeed based on same mechanism. From what I read they go pretty far, let's hope we will have the same success. 

But I thought in Madoff's real game, he is the only one who won everything, and a few of the big guys too,,, but mostly new investors all lost because there was never any jackpot to win to begin with right;)

Anyway, creative concept! But Fomo3d all over again right?

The game is a smart contract on tron blockchain so we can't accept any other coin for the moment.

If this kind of game interest enough players we could devellop it on ethereum or other blockchains but only chains supporting this king of contract. Let us know on which chain you would love to play ?




Ok no problem can you tell me exactly what you don't understand or which part is very unclear for you ?

I delete spreadsheet it may help clarify the topic, do you find the topic more clear like this ?

Let me know I'll keep improving the topic with feedbacks to make it more clear.

There are a few issues I see happening with this site.

First one is that its only limited to the TRON currency. I understand that its important to give alt-coin some use just like that 10,000 BTC pizza transaction a decade ago however people rarely use the TRON alt-coin. Most people just use it for speculation and that's about it. Sure its highly advanced and everything but most people generally only hold BTC or LTC and probably will be turned off if they need to purchase TRON.

Second is that, I read your entire description twice and I still have no clue how it works exactly. I just kept getting more and more confused. I would read it, it would start to make sense and then I saw that spreadsheet and then I was completely lost. I think the entire description needs to be reworded so its easier to understand.

 .

---

Well if you certain the game will reach level 5 or level 6 why you don't bet 10k-20k or 50k right now ?

Let's imagine you right : it go to level 5 and you bet 20k tron right now.

So you get 500 shares. If you right and game reach level 5 at worst, you will earn at least 40.48.. tron per share you own, so you will get refunded ( even win some little extra ). This just when level 4 end it don't include level 5.

If it go further you will earn a lot more :

 - If you right and it reach level 6 ( level 5 end ) you will win at least 92.77..tron per share you own : 500 x 92 = 46 000tron you get a 26k+ net profit.

 - If as you think it could reach level 8 ( level 7 end ) you will win at least 221.88 tron per share 500 x 221 = 110 500Tron  you get a 90k+ net profit.


*This calculation is a derivative from the board in the website you can find [here] it doesn't include your cut from the 20% of the jackpot and also assume all shares will be purchase one by one if it is not the case, you could even win a bit more.
Finally it assume you buy the last 500 shares from level 2 if you buy them now you will also earn during the level 2.

So if you right, you can only win more than the projection or my calculation say.



But it is not sure it will go to level 8 nor level 5 nor even level 3 and in this case you would lose money, so only bet money you can afford to lose because nobody can know for sure when it will stop. It is a bet you would do : If you right you earn but if you wrong you lose.


.

I find concept interesting I wanted to play but I saw that there are players playing at least every 4-5 hours so very hard for this stage to have any chance to win (I had watch some times and I never see timer under 6 hours) and I almost confident game will go stage 5 or 6. I think there's good chance it may go at stage 8.
Don't think that jackpot can get win before minimum stage 4 > 6hours timer or stage 5 > 3hours timer (still a lot).
The problem is: why should I bet now and not wait the game get to stage 5 or 6 and start playing since I have lot more chances winning because timer will be far lower? the only thing the share price is cheaper but I think I have zero chance to win yet so share price not very important.
Even if share price is more I prefer play when only 60min and less on timer maybe lot of players think like me and wait to start playing no?

Why you not start with smaller timer for early stages it will give players better chance to win so maybe more players as I would attempt to play and jackpot get bigger faster ?

So the reasons are multiple :

The first one is current fees on eth network that would have force us to increase starting share price (or player would have to pay huge % of share price in transaction fees) and we wanted players to be able to play without risking much (low share price) at least at start in order to test the game and be able to verify every aspect of the game works well without risking much.

The second reason is the blocktime allowing us the accelerate the game during last potential levels, on eth block time is less stable than tron and is around 15sec but can vary between 10 to 20sec.

Another reason is we see a lot of gambling user are already on tron so we think it is easier to find new players already getting some interest for gambling dapps (may be we are wrong about that).

> But if this kind of game drive interest from enough players to play on ethereum we are ready to develop it on ethereum network as well, we could do it with some small changes to adapt to eth network. Let us know on the comments bellow. If anyone feel some interest to work with us on creating this kind of dapp for ethereum or other blockchains let us know.

We don't have any company yet, at the moment the smart contract is the only law out there. Don't worry it's a non modifiable smart contract : we can't scam you even if we wanted to. You can check our verified contract with all its call and functions with tronscan : https://tronscan.org/#/contract/TVLdijjw8aryn2sF7KqNS4KtUnKHAGnaGZ/code
You can even use tronscan to interact with the contract if you don't want to use our website.

---

At the moment we don't have any direct relationship with Tron team but we gladly get some if any tron team members find the concept interesting or want to interact with us it would be awesome.

Yes transaction fees was one of the reason making us decide to go with Tron network.

What kind of contest do you have in mind ? I  was planning to give some free lots of 100 tron for hero+ members here in oder they can try the game and give us feedback but if you have any king of better contest to propose I'll gladly use it.

---

So you right for the first part, if only 2 player had play and a third one bet his cut is split between the two existing players : to be precise it is split between shares so if one player got 10 share and the other one got 5 shares the amount is divide in 15 (total number of existing shares) then player with 10 shares receive 10 x 1/15 = 10/15 = 2/3 and second one 5 x 1/15 = 5/15 = 1/3 : the contract don't split by player amount but by shares amount to be totally accurate.

We don't know when it is gonna end this is the goal of the game to not knowing it. It will end once countdown reach 0, but no one can know when this will happen. The incentive for player to keep playing is the jackpot it self. Will it be big enough for player to keep playing before countdown ever end impossible to predict, it is why it's a gambling game.

The only thing we can be certain of, is if the jackpot ever reach 20 billion tron, contract will end the current game session. Then the last person to bet win because no other player will be able to bet after him, but will the jackpot became some day even close from this tremendous amount no one can know. To be totally accurate : when and if jackpot ever reach 19 999 999 600‬ Tron, the contract will allow one last share to be purchase, the player buying this share is sure to win 20 billions tron (well 80% of it) as the contract will not allow any more player to bet after him : this player is certain to reach 0 on the countdown making him win 80% from the jackpot.

But honestly it is more than probable the jackpot will get hit far before we reach this crazy amount because if the contract goes one day to level 13 (jackpot > 10 billions tron and this is already far from certainty): max countdown will be 4 block = 12sec so it will required players to play at least every 4 blocks non stop to maintain the session alive >> at any moment during this level if no one play during 4 blocks (12sec) jackpot will get hit by a player and this is more than likely.
The 20 billion max is a "safety" in case game goes to crazy making sure some one win the jackpot some day.

When the jackpot will get hit it would not mean the end of the game just the end of the current game session. Once a session end any one can start a new one by purchasing a share and contract will start a new session. The contract can run an infinite number of game sessions as long as player keep playing.

---

Thanks we'll keep improving it feel free to give us feedbacks for future improvements.

For me, I really don't care about tron or eth as long as the game works perfectly or fine and the fees are not expensive. I participated in a lottery site that use eth platform and it works fine as what they have claim but sadly their bitcointalk account and telegram is inactive for a long time which is bad for them.