Seeking investors and users to launch dollar and BTC backed betting currencies

joey.rich

member

Activity: 124

Merit: 16

Quote from: alexsandria on April 10, 2019, 09:11:08 AM

Was this an another form of what we've already known, ethereum smart contract? But runs on the bitcoin and LTC blockchain on the other side? If that so, then it might be intended to create more cryptocurrency on the same blockchain and I don't want that to happen. As a crypto enthusiast and trader. Limiting the coins circulating on the market is increasing the market value and price of the existing coins. So, let us stick with what vintage coins can do. But on the other hand, let us give a chance to this system first, if it works good, and we better go little by little.

Yes, this is similar to Ethereum in many ways. Allowing you to launch second layer currencies, prediction market applications etc.

This software is oriented towards currencies backed by tangible sources of value. When creating a new currency, you can put dollars, BTC etc into an escrow account and set up a mechanism to allow coin holders to unlock funds from escrow by destroying their coins, or to issue new coins by depositing funds into escrow. This allows you to create coins pegged to other currencies.

Or otherwise specify the intellectual property, commodities, streams of revenue etc that ownership of the coin gives you.

With this approach, we may not be directly in competition with many of the existing hype-based coins.

alexsandria

sr. member

Activity: 896

Merit: 268

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Quote from: joey.rich on April 02, 2019, 02:22:18 PM

PolyCash is a protocol which makes it possible to launch your own currency on top of any UTXO blockchain (Bitcoin, Litecoin etc). To create a new currency first install the blockchain of your choice. Install PolyCash and then import a text file defining your new crypto asset. This text file is called the game definition. Or use the game creator GUI to enter the parameters for your new asset. You can load any number of currencies into your PolyCash installation by importing their game definitions. PolyCash may take minutes, hours or longer to sync a crypto asset depending on its age and transaction volume.

PolyCash is a virtualization layer for the blockchain and PolyCash currencies inherit all the properties of Bitcoin like its cryptographic security & physical decentralization. PolyCash extends the blockchain to enable binary options functionality which means that you can use this platform to build fully decentralized prediction markets for betting on sports or anything else. PolyCash also allows you to create, hold and transfer contracts pegged to the value of ETH, BTC, stocks or anything else. PolyCash is a robot-friendly protocol and the PolyCash wallet app includes features which make it easy to set up an automated strategy to place bets or buy & sell assets for you in real time.

PolyCash is a competitor to Ethereum’s ERC-20 token issuance protocol and is ideal for representing ownership of intellectual property, companies, financial assets, commodities & more. PolyCash is fully open source and leaves currency issuers and users responsible for ensuring legal compliance wherever they do business. We believe that cryptocurrencies backed by dollars, bitcoins and other tangible sources of value are the future, and PolyCash makes it easy to back your currency with these value sources. In backed currencies, you can cash out at any time by destroying your coins in the correct way.

The PolyCash app is in great shape and we’ve already launched several crypto assets which are running smoothly in the real world. So far, we’ve launched testnet currencies for betting on eSports & cryptocurrency prices. Now we are seeking business partners to help us launch one or more dollar backed currencies for betting on sports and/or eSports. We are looking for several investors who would each create a betting hedge fund and would write an algorithm which would contribute to setting the odds by placing bets 24/7. Normal sports bettors will also be free to buy in, place bets, and withdraw at any time.

We are building a business using this technology, but we are also building a community around this technology unrelated to the business. The best way to get a better understanding of this project is to claim some free coins and then try betting on crypto prices in our Crypto Duels game. You can try out Crypto Duels by signing up for a web wallet or by downloading & installing PolyCash on your own computer. To claim free duelcoins from our faucet, you will need to visit https://poly.cash. You can also learn more by reading our blog, whitepaper or our source code.

Was this an another form of what we've already known, ethereum smart contract? But runs on the bitcoin and LTC blockchain on the other side? If that so, then it might be intended to create more cryptocurrency on the same blockchain and I don't want that to happen. As a crypto enthusiast and trader. Limiting the coins circulating on the market is increasing the market value and price of the existing coins. So, let us stick with what vintage coins can do. But on the other hand, let us give a chance to this system first, if it works good, and we better go little by little.

Peruvyn

jr. member

Activity: 126

Merit: 1

One of the questions that a potential investor will ask is what we be the use cases of the coin and which plan do the team have on ground to drive its wider adoption which will surely increase the overall value of the coin

joey.rich

member

Activity: 124

Merit: 16

Quote from: ConneXSocial on April 08, 2019, 08:04:45 AM

Hi mate have been using the poly Cash platform for a while , are the coins on exchange or can they be traded or is it designed strickly as on site currency??

Thanks for your question. None of our coins are yet listed on any exchange. So far, we have only issued promotional currencies which have been given away for free and therefore have essentially no value. Since this platform makes it so easy to issue a new coin, we believe coins should be backed by tangible assets like dollars, BTC etc in order to have value.

Raising money from investors will allow us to launch one or more value-backed currencies which will be listed on exchanges.

I would not describe any of these coins as on site currencies, because even with our promotional currencies, you can download PolyCash and install these currencies on your own node, and you are free to withdraw coins to your own node.

ConneXSocial

newbie

Activity: 17

Merit: 0

Quote from: joey.rich on April 02, 2019, 02:22:18 PM

PolyCash is a protocol which makes it possible to launch your own currency on top of any UTXO blockchain (Bitcoin, Litecoin etc). To create a new currency first install the blockchain of your choice. Install PolyCash and then import a text file defining your new crypto asset. This text file is called the game definition. Or use the game creator GUI to enter the parameters for your new asset. You can load any number of currencies into your PolyCash installation by importing their game definitions. PolyCash may take minutes, hours or longer to sync a crypto asset depending on its age and transaction volume.

https://i.imgur.com/XNgXPHO.png

PolyCash is a virtualization layer for the blockchain and PolyCash currencies inherit all the properties of Bitcoin like its cryptographic security & physical decentralization. PolyCash extends the blockchain to enable binary options functionality which means that you can use this platform to build fully decentralized prediction markets for betting on sports or anything else. PolyCash also allows you to create, hold and transfer contracts pegged to the value of ETH, BTC, stocks or anything else. PolyCash is a robot-friendly protocol and the PolyCash wallet app includes features which make it easy to set up an automated strategy to place bets or buy & sell assets for you in real time.

PolyCash is a competitor to Ethereum’s ERC-20 token issuance protocol and is ideal for representing ownership of intellectual property, companies, financial assets, commodities & more. PolyCash is fully open source and leaves currency issuers and users responsible for ensuring legal compliance wherever they do business. We believe that cryptocurrencies backed by dollars, bitcoins and other tangible sources of value are the future, and PolyCash makes it easy to back your currency with these value sources. In backed currencies, you can cash out at any time by destroying your coins in the correct way.

The PolyCash app is in great shape and we’ve already launched several crypto assets which are running smoothly in the real world. So far, we’ve launched testnet currencies for betting on eSports & cryptocurrency prices. Now we are seeking business partners to help us launch one or more dollar backed currencies for betting on sports and/or eSports. We are looking for several investors who would each create a betting hedge fund and would write an algorithm which would contribute to setting the odds by placing bets 24/7. Normal sports bettors will also be free to buy in, place bets, and withdraw at any time.

We are building a business using this technology, but we are also building a community around this technology unrelated to the business. The best way to get a better understanding of this project is to claim some free coins and then try betting on crypto prices in our Crypto Duels game. You can try out Crypto Duels by signing up for a web wallet or by downloading & installing PolyCash on your own computer. To claim free duelcoins from our faucet, you will need to visit https://poly.cash. You can also learn more by reading our blog, whitepaper or our source code.

Hi mate have been using the poly Cash platform for a while , are the coins on exchange or can they be traded or is it designed strickly as on site currency??

joey.rich

member

Activity: 124

Merit: 16

PolyCash is a protocol which makes it possible to launch your own currency on top of any UTXO blockchain (Bitcoin, Litecoin etc). To create a new currency first install the blockchain of your choice. Install PolyCash and then import a text file defining your new crypto asset. This text file is called the game definition. Or use the game creator GUI to enter the parameters for your new asset. You can load any number of currencies into your PolyCash installation by importing their game definitions. PolyCash may take minutes, hours or longer to sync a crypto asset depending on its age and transaction volume.

PolyCash is a virtualization layer for the blockchain and PolyCash currencies inherit all the properties of Bitcoin like its cryptographic security & physical decentralization. PolyCash extends the blockchain to enable binary options functionality which means that you can use this platform to build fully decentralized prediction markets for betting on sports or anything else. PolyCash also allows you to create, hold and transfer contracts pegged to the value of ETH, BTC, stocks or anything else. PolyCash is a robot-friendly protocol and the PolyCash wallet app includes features which make it easy to set up an automated strategy to place bets or buy & sell assets for you in real time.

PolyCash is a competitor to Ethereum’s ERC-20 token issuance protocol and is ideal for representing ownership of intellectual property, companies, financial assets, commodities & more. PolyCash is fully open source and leaves currency issuers and users responsible for ensuring legal compliance wherever they do business. We believe that cryptocurrencies backed by dollars, bitcoins and other tangible sources of value are the future, and PolyCash makes it easy to back your currency with these value sources. In backed currencies, you can cash out at any time by destroying your coins in the correct way.

The PolyCash app is in great shape and we’ve already launched several crypto assets which are running smoothly in the real world. So far, we’ve launched testnet currencies for betting on eSports & cryptocurrency prices. Now we are seeking business partners to help us launch one or more dollar backed currencies for betting on sports and/or eSports. We are looking for several investors who would each create a betting hedge fund and would write an algorithm which would contribute to setting the odds by placing bets 24/7. Normal sports bettors will also be free to buy in, place bets, and withdraw at any time.

We are building a business using this technology, but we are also building a community around this technology unrelated to the business. The best way to get a better understanding of this project is to claim some free coins and then try betting on crypto prices in our Crypto Duels game. You can try out Crypto Duels by signing up for a web wallet or by downloading & installing PolyCash on your own computer. To claim free duelcoins from our faucet, you will need to visit https://poly.cash. You can also learn more by reading our blog, whitepaper or our source code.

Topic: Seeking investors and users to launch dollar and BTC backed betting currencies (Read 179 times)