Topic: [Seeking partners] Looking for altcoin funds to expand altdice.net - Special T&C (Read 5068 times)

Hello Yogg,

Since Altdice.net operates no longer with Orbitcoin, please return my loan of 1000 ORB (26-Apr-2014, TXID 677c5daa7d130fb1a8820d9665204a09d4d50033d4241f3f5f2a247071c01036) + 50% of profits generated, which include staking rewards, to oRBkGBRp3i8Cj1q4yeDh5nxz8ACj4TaH7D

Here is the report for June 2014 :

Jackpotcoin : Funded with 3,000,000 JPC (+ 2,241,968 mine) Total fund : 5,241,968 JPC. Current balance : 6,978,490.1 JPC. Current profit : 1,736,522.1 JPC
Latinumcoin : Funded with 12,500 LAT. (+12,500 mine) Total fund : 25,000 LAT. Current balance : 27,439.89 LAT. Current profit : 2,439.89 LAT
Rubycoin :  Funded with 25,000 RUBY. Current balance : 25,197.03 RUBY. Current profit : 197.03 RUBY
Orbitcoin : Funded with 1,000 ORB. Current balance : 1,165 ORB. Current profit : 165 ORB. (Previous profit wasn't paid out and is included here)
HighFiveCoin : No bets in june
Legendarycoin : No bets in june
Limecoin : No bets in june
Denarius : Poor betting volume. Profit so far : -49.01 DRS

I will contact all the partners to whom I have profit to pay.

Jackpotcoin : 868261.05 JPC profits to pay out + 1,000,000 as principal repayment. Total repayment will be 1,868,261.05. New partnership amount is 2,000,000 JPC.
Latinumcoin : According to this partnership rules, 25% of profit is to be paid out. 609,97 LAT + 2,500 as principal repayment to be paid out. Total payment will be 3,109.97 LAT New partnership amount is 10,000 LAT.
Rubycoin : 98.515 RUBY to be paid out as profit. Partnership amount stays 25,000 RUBY.
Orbitcoin : 82.5 ORB are to be paid out as profit. Partnership amount stays 1,000 ORB.

Don't hesitate to contact me if you have any request.

Thanks for making this possible.

Hey omahapoker,
Thanks a lot for your action !
I have now a new partner who provided 3 millions JPC. He wants to stay anonymous, but is ok with me disclosing the agreement and partnership.
Thanks to this, the new betting limits on http://jpc.altdice.net allow payouts up to 1,45M JPC !

We also have a partnership with the Rubycoin team. We received 25,000 RUBY to run a RUBY dice game with it.
The game has been setup at http://ruby.altdice.net

hey yogg, i told some people at the JPC thread about this. you may get some here interested.

Hi,

Payment has been made: http://latchain.info/address/17e9LaQATyYncXPwcoLMETfw5NJ3aw3FFj

Will you please PM me when it's available? I would like to play a few rounds

Hello NetCastle,

Thanks a lot for your interest in Altdice.net

We will gladly setup a LAT dice game with the funds you're entitling for this partnership.
I'm also very thankful for the favorable conditions you're offering.

Please send the coins to 17e9LaQATyYncXPwcoLMETfw5NJ3aw3FFj
The game will be setup and running up to 12 hours after receiving the coins.

Thanks again for that wonderful opportunity !

Hi Yogg,

I want to see a LatinumCoin dice game. I will loan out 25,000 Latinum Coins that I've mined. To support the game, I'll donate 50% of the loan to you (Yogg) and I'll take 25% profit and to be paid back 50% of the loaned out amount only.

Total paid back from Loan: 12,500 LAT
Total paid back from profits: 6,250 LAT

Thank you for providing a quality game!

Here is the report for May 2013 for current partnerships :
(The "Current balances" include PoS minting which counts as profit.)

Bitstar : Funded with 20.000 BITS. Current balance : 23.886,34 BITS. Current profit : 3.886,34 BITS.
Pawncoin : Funded with 10.000 PAWN. Current balance : 11.589,83 PAWN. Current profit : 1.589,83 PAWN.
Orbitcoin : Funded with 1.000 ORB. Current balance : 1.051,39 ORB. Current profit : 51,39 ORB.
HighFiveCoin : Funded with 30.000 H5C. Current balance : 30.017,81 H5C. Current profit : 17,81 H5C.
Limecoin : Funded with 5.000 LC. Current balance : 4.991,65 LC. Current profit : -8,35 LC.
Denarius : Funded with 8.000 DRS. Current balance : 7.948,24 DRS. Current profit : -51,76 DRS.
Legendarycoin : Funded with 3.000 LGD. Current balance : 2842,25 LGD. Current profit : -157,75 LGD.

I will contact every one of you to let you know about the report.

Pawncoin team, Bitstar team, ghostlander and HighFiveCoin, please provide your repayment addresses.

Profits and loan repayment will be done that way :

Bitstar team will get 1943.17 BITS as profit, along with the 20.000 BITS provided for the partnership.
The Bitstar partnership is now completed, it has generated 9,71 % profit in one month.
21.943,17 BITS will be repaid to the provided address.

Pawncoin team will get 794,91 PAWN as profit. We will also repay 1.000 PAWN  of the 10.000 PAWN provided for the partnership.
The Pawncoin amount now entitled for the partnership is 9.000 PAWN.
1.794,91 PAWN will be repaid to the provided address.

Ghostlander will get 25,69 ORB as profit. We will also repay 25 ORB of the 1.000 ORB provided for the partnership.
The Orbitcoin amount now entitled for the partnership is 975 ORB.
50,69 ORB will be repaid to the provided address.

HighFiveCoin team will get 8.9 H5C as profit. We won't repay any of the principal yet.

Legendarycoin Team, Swankington, Limecoin Team, there is no profit yet with the coins you provided to run the game.
But without any doubt, those games will be profitable some day or another.
If you have any concerns, I can provide a copy of the bets database, and you can check them in the blockchain.
As said, there is nothing to hide here.
It's just that Rome wasn't built in a day.

Many thanks to you all for your trust !

We look forward to xbc's adoption and an open and transparent collaboration, thank you Yogg!

We have started a new partnership with the HighFivecoin team.
They provided 30k H5C so we can run a game.

We have setup that game. First report will be at the end of may.

http://h5c.altdice.net

We're working on a partnership with the BitcoinPlus (XBC) dev team ! We'll have one more game very soon. Thanks for making this possible.

Thanks for the reply.  Let me speak to the CGA dev and see if we can sort something out.

Hello, thanks for your interest of the partnership offer. Of course, we are looking to support more and more altcoins. This is what altdice.net is all about.
Of course the coin must be suitable to our backend, I know Peercoin is not (what a shame !) but we're looking to add Peercoin.

Typically, at current rates, something like 0.2 BTC to 0.5 BTC worth of the altcoin is great and enough to run a decent game. (That would make the highest payout somewhere from 0.02 BTC to 0.05 BTC worth of the altcoin, which starts to be interesting). We can't afford the resources to run a game with a total equivalent to $15 worth of an altcoin. Payouts must be interesting, I hope you understand.

We would be more than pleased to add Cryptographic Anomaly to altdice.net ! Send me a pm or an email at [email protected] if you have some questions or need further details.

Are you still looking for new altcoins?

Are there any particular characteristics the coin needs to meet? E.g. Does it need to be traded, or do you need a particular volume of coins, etc.?

As an example I think Cryptographic Anomoly (CGA) would be a potentially good fit, but it is a very rare coin, so getting a lot might be difficult.

Thanks for your offer. Unfortunately, I checked the rates and at the current rates, 300 PMC would be at least the maximum amount to win per single bet. We can't afford the IT resources to add a game that will earn such small profits. Anyway, we'd be happy to open for betting with Preminecoin with a biggest stake !


Thanks
And we have full of updates and exciting surprises coming very soon !

Good to see your business/gambling game grew. That's pretty awesome that you now support more coins.

could you create a preminecoin dice game? I am more than willing to fund it with 300 pmc i have now

As stated in our agreement, a Orbitcoin game has been setup -> http://orb.altdice.net
Many thanks for your trust, ghostlander.

We also received 10k PAWN from the Pawncoin team, forming a new partnership. We have setup a Pawncoin game -> http://pawn.altdice.net
Loan TxID : 27c070de70c975921c041ecbddb8285ea7c06007eae070119d3aa81239ea38f0

The Bitstar team also showed interest in a partnership with an amount of 20k BITS.
We have raised the stakes accordingly to our new BITS balance.
Loan TxID : be815724fa67800bab933020c1b3e5c03e8fa786f8ac4c4f0231e35d1e549a1b

First reports for the new partnerships will be done at the end of May.

Many thanks for the business

1K ORB loan made, TxID 677c5daa7d130fb1a8820d9665204a09d4d50033d4241f3f5f2a247071c01036

Thanks for your business, really.

We started a new partnership with the Legendary coin team.
They provided us with 3000 LGD in order to start a dice game with good betting limits, according to the coin value.
We will post about the game performances every end of the month, in this thread.

About http://altdice.net :

We have now released our new website.
The offchain dice game will be ready soon and we will introduce some innovative ways to roll.

We are looking for more partners to do business with.
If you are interested, please reply to this thread or send a PM. Please also state details about the coin you want to see added at http://altdice.net

I am looking forward to do business with you.

Cheers,

I am interested in investing too

My friend who wants to invest is about to post here.

Let's make an example. Let's say he invests 100k doge to run the game, and you do the same.
It's 200k doge to run the game.

At the end of the month, imagine there's 60k doge profit.
Half of this is intented to investors, so it's 30k. Since you invested the same amount, it's split between you, so it's 15k profit for each of you.
With the remaining profit, I can repay to each of you 10k doge. This would be a principal repayment, so it's different from the profits. (Remaining 10k will be for expanding altdice, and running the website.)

So each of you would retrieve 25k doge in this scenario, and I would still owe 90k doge to every one of you.
We do this for as long as I haven't repaid the principal to you. And your coins are still yours to claim anytime, but that means no more profits.

I do the payouts every month. (A bit of delay for march, i'm busy as hell but it's done one after the other, i have several investments not listed here).
Of course, the investments are monitored publicly.

It's me, I can invest near 445k doge for the game.

I would like to! so how would it be done?

Hi, yeah a doge game is planned to be live soon. I have someone that wants to invest the equivalent of 0.5 BTC worth of DOGE.
If you want, you can join us. I can split the profits accordingly to the amount invested by everyone.

are there any plans on creating a doge dice?

Confirmed. A pleasure to do business with you.

The rest of the 25k PXC has been repaid to ghostlander.
Total of 50k PXC loan has been repaid. ( http://explorer.phoenixcoin.org/tx/2b8a61adb4d48088036bbfd978bc7e7a51a153497cbd8e032421426a1f15b0dd )

That investment has generated 43036.81 PXC as profits that have been paid to the investor.
It is a little more than 86% of the amount invested back in october 2013.

Thanks for your trust, ghostlander. It was sweet doing business with you.

I am looking for more loans of this type, under the same conditions, with coins that are not yet supported at Altdice.net

By the way, I have some IT development issues. My dev got some delays so the website update has been delayed.
We have to make some final adjustments and it will be ready to go online !

25K PXC of the last loan of 50K PXC has been re-paid with a good interest, thanks.

Loan received ! I'm raising the stakes right now.
Thank you very much ! :-)


To say the truth, I would prefer any coin that is not yet supported by Altdice.
I can virtually add each and every coin, so any coin will do it.
I have a preference for coins with larger communities tho.
This way we can open the game to more and more communities, in the end. :-)

We are currently supporting 8 coins :
-Infinitecoin
-Zetacoin
-Worldcoin
-Crptogenic Bullion
-Franko
-Phoenixcoin
-Incakoin
-Netcoin

Why not Anoncoin, or Devcoin ?
By the way, the loan is not backed in BTC.
I mean if today you loan 0.2 BTC worth of Anoncoin, let's say it's 10000 ANC (it's an example). Well, I owe you 10000 ANC, and not 0.2BTC.
Just a point that seems important to me.
PM me if you want to discuss about details.

Which coins do you need right now?

1.1K PXC received, this loan is closed, thanks. A new 50K PXC loan is established, TxID 710ea2085bd0e95a8783e21e154e066d664671efe7ea4eb998dda4b2e2600eae. Good luck!

Repaid 1100 PXC to ghostlander
transaction : http://explorer.phoenixcoin.org/tx/956ea54be3c571d3c923c0c38b198ed4246b0b4aee6b99128e92d62289a9109c

I have bought a few PXC in order to increase stakes and enable a few more games. Players can now win over 5000 PXC per bet. I can therefore repay this loan.
The has not profited, we have a small loss. Instead of 50% profits, we arranged that 10% would be fine. That's why 1100.

ghostlander then offered a 50k loan.
This is a great opportunity to expand altdice, and raise stakes to offer larger bets to players.
The loan will take place with the same conditions :

ghostlander is entitled 50% profit during the whole loan time. Report are done twice a month, along with the profit payment.
No time limit.
Funds available upon request, but ghostlander won't be paid profits anymore once he retrieves 100% of his coins.

Ghostlander, please send 50k to PkZZMUufS3UQqC2J1DVWdL4jZ618EkHo3P if you agree.

Thank you very much for this great opportunity !

Yogg thanks for everything your site is so fast to return a bet!
Glad I trusted you
Very honorable person
            Thanks.

Okay. I hope we can do some business in the future. Anyway keep updated on this thread. :-)
I want to loan altcoins more likely - there won't be any issues for exchange with BTC like this.

I know I asked for BTC first, but I considered only a one time massive loan at this time. It would allow to get better graphics and go high stakes with a few altcoins.
But I feel a lot of potential in Altdice, so I think this might be a way to get it done also. ^^

Anyway, I can ask these people from IncaKoin and Netcoin to post on this thread and also update the 1st post with their loans.
I'm a serious dude, I hate liars. I have been scammed too much in my life to scam anyone..
That's why the conditions are kind of weird. I can't promise a fixed %. Because I know I can't ! Why would I do so ? I'm transparent from start to finish. :-)
And I feel great this way, to say the truth. =)


Well, yes and no.
No, because I can run a game with any amount of coin.
Yes, because I realised with PXC that it depends on the transaction fee. It is 0.1 with PXC. The game has to be profitable.
I can't offer bets as low as 0.1 PXC, because the game won't make any profit from these bets, since it sends a bit of a coin to indicate a loss.
If the fee to do this transaction is equal to the bet amount, there is no profit.
And because of the short amount in the game wallet, I can't enable high payout games.

So no, there is no minimum amount, since it allows to offer the highest payout bets, and regarding the stakes and the min transaction fee.

Is there a minimum loan amount?

Thanks for the information, I'll see if I can loan you anything.

I don't know. We can agree on the time frame. I already have 2 loans (for Netcoin and Incakoin). We do it every month. But I know this people for a while now, we talk on skype and they trust me. So yeah basically every month is fine for them.

I agreed with ghostlander via PM that I will keep him updated about how it goes every 2 weeks. It can be every week.

Then, about how long will the repayment take, I don't know. There is a lot of parameters like how the game does with a new type of coin, how much from the remaining 50% profit will go to loan repayment.. One thing is sure : I can always give hand the funds back upon request. :-)

I have to update the 1st post with the PXC loan details. PXC will be added to Altdice later today.

I must tell you that our next investment will be to do graphics. It can't be worse than it is now. I already have a graphist that'd do it for $1k. It's lame I can't afford that right now.

Feel free to ask me anything !

How often will you be sending out the 50% investor profit, and how long do you expect it will take for the repayment of the principal?

Agreed. 1K PXC sent, TxID bb3b4bf6533209685df41acbc9fb22f1156cdf6e1038fc61551a8e6d653f06be

Thanks a lot !

Well, since I can't promise a fixed % during a period of time, it'll be done this way :

During the whole time of the loan, I give out 50% of the profits to investors. The profits are not repayments for the loan. This is the profit you make from loaning your coins. The remaining 50% will be used to expand the game, repay the loan and increase stakes.

After repayment of the principal, you won't receive profits anymore. See this like an easy way to get some extra coins in the long run.
I will give you back any amount upon request of that amount. I can always lower the stakes to never run out of coins.

There is no required amount, stakes are calculated accordingly to the wallet balance. With a high balance we can have high stakes, and therefore higher profits.

Here is my FXC address : PYY6rvCpSo2piviCCa8jfP84XPbSWyhHsL

I will keep you updated about how it goes on. You won't be disapointed.

Ready to make an initial loan of 1K PXC for Altdice.net. Your conditions?

Yeah, this is too bad. The IFC network was undergoing some troubles and it was been suspended on cryptsy. It should be back on anytime now.
I did this loan request because I can implement easily any coin, and when I will have access to these funds I'm going to add one more.
I can add another one if someone lends me some funds, I'll just expand later.
Or I can just wait and see. And grow slowly. This is not so bad also. If anyone is interested to invest, let me know. Rather this way.

Why choose this deal ?
Because there's a source of income.
Because I don't say I'll give you X% of the money you lend everyweek or so, because I just don't know if I can afford it.
I speak in terms of things I can control. If the profit if the equivalent or 2 BTC or 5, I can always give 50% of the profit.
But I can't give 3 BTC if I earn only 2.

I can't see IFC in the cryptsy exchange

I didn't see it that way.
I have the fund (in IFC, have about 500 millions IFC in the game). I have 400millions IFC stuck at cryptsy. This will be enough to run a dice game with another coin.
I just want to expand faster. This is why loans are made, right ? :-) Investors have funds, I have a way to make profits. Some might be interested.

With the bet limits I set, it is almost impossible to get bust. The players won't hit the 0.0015% game 10 times in a row, and will lose several times if they play 500 bets on the 95% game.
I think 10 BTC at current rate is the minimum value that can be put in such a dice game.

Anyway, the offer is still running. I will update this thread in any case. :-)

Thanks for reading !

Well, you should not be running a business if you have no capital for unseen expenses/gambling losses.   

Good luck.

Hi Vod,

Yes, I understand this.
The only issue is that I have nothing to give out. Except show what I say is true, and slowly build my trust.
If you have any idea of what I can provide, please tell me.

I am dreaming about a multi altcoin dice game.

But we will do it slowly, one in the same time.
Maybe when 2 or 3 loans are successfully repaid and shown that these were good investments, people will be enthusiastic about lending coins to me.

It's not the time yet.

Anyway I can send some IFC or ZET to anyone that want to try the dice game and check how it runs before investing in it.

Yogg,

Since you are new here and have no reputation, most (if not all) borrowers are going to want collateral.

You want 10btc?  You'll need to send something that can easily be sold for $1,500 to the lender.

Are you prepared to do this?

EDIT WITH CURRENT LOANS (UPDATED 01.07.14) :

Conditions :

You provide some altcoins (the amount is up to you, but there's a minimum of 1 BTC worth of the altcoin in order to provide interesting bet limits and higher profits in return)
We use these funds to start a game. (This is the principal).
These coins are still yours. You can claim them back anytime.
Over time, I will repay that principal to you.

During the time it takes to repay you, you will receive 50% of the game profits made with the altcoin you provided us.
A report is done at the end of every month about the game performances, and profits are paid at that time.
Of course, profits doesn't count as principal repayments.

I can't promise there will be profits every months, because of the uncertainty in the type of business we're involved.
Once the principal is repaid, you won't receive any more profits.
You can see this as a cool way to get extra coins over time.

About Altdice :

Running successfully since August 2013. 80% of the coins are kept in cold wallets.
Altdice is not going anywhere.

We have now released our new website ! You can check it at http://altdice.net

Many thanks to everyone that trusted me !

10.31.13 - First PXC loan : 1k PXC from ghostlander ( http://explorer.phoenixcoin.org/tx/bb3b4bf6533209685df41acbc9fb22f1156cdf6e1038fc61551a8e6d653f06be )
http://pxc.altdice.net is now live on 31.10.2013 - 0% of initial loan repaid - 0 PXC profit paid to investor.
11.09.13 - Loan repaid : 1,1k PXC to ghostlander ( http://explorer.phoenixcoin.org/tx/715f48b1eddb346424a862151c26d0fb6d3a445f88d82d95b1b1a763d9188ac2 )
11.09.13 - Second PXC loan : 50k PXC from ghostlander ( t710ea2085bd0e95a8783e21e154e066d664671efe7ea4eb998dda4b2e2600eae )
Stakes are increased. Players can win over 10k PXC per bet.
29.01.14 - PXC loan 50% repaid (25000PXC) + 30863.34 PXC profit paid. ( http://explorer.phoenixcoin.org/tx/15f2e812800acfa574e92e8a628721dc230db29849e5c0b524f2809ac352d1b6 )
31.03.14 - PXC loan 50% repaid (25000PXC) + 12173.47 PXC profit paid ( http://explorer.phoenixcoin.org/tx/2b8a61adb4d48088036bbfd978bc7e7a51a153497cbd8e032421426a1f15b0dd )
The PXC loan is now closed and fully repaid.

26.04.14 - We started a new partnership with the Legendarycoin team. The amount is 3000 LGD. A game has been setup ( http://lgd.altdice.net )
28.04.14 - 3 new partnerships started : 1k Orbitcoins with ghostlander, 10k Pawncoins with the Pawncoin team and 20k Bitstar with the Bitstar team.
06.05.14 - Swankington provided 1k Denarius to fund a Denarius dice game. (http://drs.altdice.net)
08.05.14 - We got 30.000 H5C to run a game with.
08.05.14 - Received 5.000 Limecoins for our partnership with the Limecoin Team.
15.05.14 - Got 7.000 more Denarius from Swankington to increase betting limits. The partnership is for 8.000 DRS now.
31.05.14 - May 2014 report (available here).
03.06.14 - 12,5k Latinumcoin Partnership with NetCastle has started.
16.06.14 - 3M Jackpotcoin from an anonymous partner received. Also we received 25k RUBY from the Ruby team to make a game.
01.07.14 - June 2014 report (available here)
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Archive (original post from September 2013) :
Hello everyone !
Well, I know I lack reputation and trust, but we have to start somewhere. I have a good investment offer to bring to you.

First, you need to know what's going on to understand why I need these funds. So here is the story :

I went out of the shadows when I announced an Infinitecoin dice game.
The url is : http://www.infinitedice.net
It is listed on infinitecoin.org (infinitecoin official website) and has good reviews on the IFC ANN thread here, on bitcointalk.org
The game runs pretty much like the previous versions of satoshi dice.
After 2 weeks, we had enough vision of how the game runs to fix the game engine. It now processes correctly every transaction. The game is in a stable version.
About the development, the next step will involve better graphics, and a best way to promote other coins on the dice game website.

Now, I am running http://infinitedice.net and http://altdice.net (I know this one is ugly but still better than error 404 on this url. the games are at http://ifc.altdice.net and http://zet.altdice.net Anyway we are soon doing better graphics ! As soon as I can assign some funds to this, we will do it.
On altdice, we can see the IFC version of the game (clone of infinitedice) and also a ZET version of the game, but I lack funds to run it with higher amounts.
I will soon get some ZET from someone to run the game.

I would like to have a first loan for 10 BTC, in order to get funds to add another altcoin.
I am open to any advices to choose an altcoin wisely. I am aware that these can change in value quickly.
Otherwise I will let you know before doing the exchange, of course.

Since I can't tell how well the site will work, I can't promise a % per week or month. But what I can promise is 50% of the site's profit during the period I repay you.

This is how it would work :
Someone lends me 10 BTC to run ftc.altdice.net (for example).
With these 10 BTC I can buy about 11000 FTC at current rate. Then I will set the max bet amount in a way to never run out of coins.
Every week (let's say every sunday) I can give you 50% of the site's profit. The other 50% will remain in the game and will accumulate.

When this accumulation will meet 10% of the amount I owe you (so 1BTC worth of FTC) I will take them out and repay you 10%. In addition of the 50% profits of the game.

In the end, you are going to have 100% of your money back, and along with this you will have 50% of the dice game profits during the loan time.
This offer stands for BTC. You can request the 50% profits in BTC or in the altcoin that was added with your funds.

You can of course request your money back anytime and I will retrieve the funds to send them back to you.
We will keep in touch with Skype.

Now a little more about me.
I'm an IT student. I can provide more info about my identity in PM, along with my phone number.
I am more likely known on the IFC forum, but I'm starting this altcoin dice game.
I have a good user review on bitmit.net where I sold an ASIC Jalapeno for 16 BTC.
I am trustworthy, I am willing to build a good reputation here and if this loan history could hurt me, I wouldn't do it.
I have so much more to lose if I steal 10BTC than if I'm serious and pay it back.

We can use this thread to monitor the loan.
Please feel free to PM me with any question.

I would be happy if this works out. :-)