Targeted to the special few (or just plain special) that still hold on to their ripo coin just because it has a cool logo.
http://i60.tinypic.com/209q1vt.png
Ripo Me Off!
In the spirit of the coin, a ponzi based game for Ripoffcoin. If you remember Bitcoinduit or SatoshiDoshi, then you know how this works. Select a game (or create your own!), place your ripoffcoin address in the deposit field, Send your spend to the house address given and wait for the magic return +profits!
Last player in each round before it expires, receives the Jackpot for that round!
House will be pushing through spends to keep the games rolling!
Go get some ripoffcoin and get rich overnight!
Warning: We're not day trading, arbitraging, involved in super secret coin swaps, invested in anything, selling contracts or in any way using your coin for anything other than buying beer and pizza!
This round currently has a 700 coin Jackpot! http://ripomeoff.com/rounds/17
Rules
- The game starts when someone creates a round. Anyone with a valid ripoffcoin payout address can start a round.
- The game ends when the countdown reaches zero.
- The Originator or person starting the round will determine the rules for that round.
- Some of the rules to be determined by the person starting the round are:
- 1. Round name: self-explanatory
- 2. Return on Investment (ROI) (%): percent to be received on top of your original bid.
- 3. Jackpot (%): amount to be added to the Jackpot from every bid.
- 4. Minimum/Maximum deposits: range of possible bids.
- 5. Time: the original time left at the start the round.
- 6. Decay Rate (%): how fast the time decays for every bid placed.
- Once the rules are set, the Originator must specify his payout address.
- The Originator must place the first bid by sending the appropriate amount of ripoffcoins to an address prompted by ripomeoff (the House)
- The House will take 1% off the top of spends and allocate the rest of the deposit according to the rules of the round. Some will go to the Jackpot and the rest will go to the Pot.
- After the first bid is set, the countdown will begin from the Time set by the Originator.
- If there are no new bids placed until the countdown reaches zero, the Originator will be fully refunded his/her deposit.
- If a new bid is placed, the new bidder will be asked for his ripoffcoin payout address and be prompted to send his bid to the House ripoffcoin address.
- The House will take 1% off the top of any subsequent bids and allocate the rest of the deposit according to the rules of the round.
- Once the bid amount is confirmed by the network and there is enough in the Pot to pay the bidder, the House will automatically send the payout amount to the bidder.
- The House will keep on paying the next bidder in line as long as there is enough in the pot.
- The Jackpot is paid in total to the last bidder only. The winner's address is displayed at the end of the round.
- Reserved so we can add rules at anytime or change rules without increasing list count.
- We suggest you don't play at all, you're probably going to lose your coins.
http://i60.tinypic.com/2mw75v4.jpg