Title: EOSTime EOS Auctions Post by: vineyard on January 31, 2019, 02:01:40 PM We just launched a site called EOSTime. We host provably fair auctions where you can bid small amounts of EOS to win a larger amount of EOS in a real-time auction. They work like penny auctions whereby any bid placed in the final seconds of an auction resets the timer to give others a chance to bid while eliminating network latency as an issue (i.e. everyone can get a bid in if they want). When the timer runs out, the last bidder wins. I will be editing this topic and adding much more information, but I wanted to post now because we have an auction scheduled to end in about 5 hours and 15 minutes (about 14:10 UTC 1/31) where you can win more than 40 EOS. Check it out here: https://eostime.io (https://eostime.io)
Title: Re: EOSTime EOS Auctions Post by: rudolfaxl on January 31, 2019, 02:24:14 PM Another dice-based game on EOS. EOS looks like a huge casino atm. What's your interest as founders and what exactly financial model do you use?
Title: Re: EOSTime EOS Auctions Post by: vineyard on January 31, 2019, 02:41:32 PM Another dice-based game on EOS. EOS looks like a huge casino atm. What's your interest as founders and what exactly financial model do you use? It is true, a lot of EOS activity right now is in the gaming / gambling space. We are experimenting with more of a P2P skill-based approach. The financial model is to try to return most of the EOS back to the participating community and we are currently trying to figure out the specific parameters. We are providing the initial prize pools in the auctions and are tuning them to meet the community needs (and often losing EOS along the way). We have a telegram group that has provided us a lot of feedback during this dev and testing phase. You can check it out at https://t.me/eostime (https://t.me/eostime). Any thoughts or ideas are greatly appreciated.Title: Re: EOSTime EOS Auctions Post by: jacafbiz on January 31, 2019, 02:51:06 PM Another dice-based game on EOS. EOS looks like a huge casino atm. What's your interest as founders and what exactly financial model do you use? As regard @rudolfaxl question, I would like the developer to answer these questions for transparency sake. I think dapps like these are what is driving the transaction on EOS, which is good for the whole space because we don't know the one among them that will scale and become adopted and rive more people to the space. Title: Re: EOSTime EOS Auctions Post by: vineyard on January 31, 2019, 03:00:18 PM Another dice-based game on EOS. EOS looks like a huge casino atm. What's your interest as founders and what exactly financial model do you use? As regard @rudolfaxl question, I would like the developer to answer these questions for transparency sake. I think dapps like these are what is driving the transaction on EOS, which is good for the whole space because we don't know the one among them that will scale and become adopted and rive more people to the space. Title: Re: EOSTime EOS Auctions Post by: unusualfacts30 on January 31, 2019, 03:08:49 PM We just launched a site called EOSTime. We host provably fair auctions where you can bid small amounts of EOS to win a larger amount of EOS in a real-time auction. They work like penny auctions whereby any bid placed in the final seconds of an auction resets the timer to give others a chance to bid while eliminating network latency as an issue (i.e. everyone can get a bid in if they want). When the timer runs out, the last bidder wins. I will be editing this topic and adding much more information, but I wanted to post now because we have an auction scheduled to end in about 5 hours and 15 minutes (about 14:10 UTC 1/31) where you can win more than 40 EOS. Check it out here: https://eostime.io (https://eostime.io) I like this idea but what about all the bidders who don't win? Do they get their invested EOS back so they can bid again or is it like a lottery system? Title: Re: EOSTime EOS Auctions Post by: hardinero007 on January 31, 2019, 03:14:55 PM We just launched a site called EOSTime. We host provably fair auctions where you can bid small amounts of EOS to win a larger amount of EOS in a real-time auction. They work like penny auctions whereby any bid placed in the final seconds of an auction resets the timer to give others a chance to bid while eliminating network latency as an issue (i.e. everyone can get a bid in if they want). When the timer runs out, the last bidder wins. I will be editing this topic and adding much more information, but I wanted to post now because we have an auction scheduled to end in about 5 hours and 15 minutes (about 14:10 UTC 1/31) where you can win more than 40 EOS. Check it out here: https://eostime.io (https://eostime.io) I like this idea but what about all the bidders who don't win? Do they get their invested EOS back so they can bid again or is it like a lottery system? i think those who invested EOS by bidding and got outbid will get their EOS back. maybe only the transaction of the last bidder who won the bid will be recorded on blockchain. the bidding process maybe processed off-chain, while the winning bid transaction will be on-chain. Title: Re: EOSTime EOS Auctions Post by: vineyard on January 31, 2019, 03:34:56 PM We just launched a site called EOSTime. We host provably fair auctions where you can bid small amounts of EOS to win a larger amount of EOS in a real-time auction. They work like penny auctions whereby any bid placed in the final seconds of an auction resets the timer to give others a chance to bid while eliminating network latency as an issue (i.e. everyone can get a bid in if they want). When the timer runs out, the last bidder wins. I will be editing this topic and adding much more information, but I wanted to post now because we have an auction scheduled to end in about 5 hours and 15 minutes (about 14:10 UTC 1/31) where you can win more than 40 EOS. Check it out here: https://eostime.io (https://eostime.io) I like this idea but what about all the bidders who don't win? Do they get their invested EOS back so they can bid again or is it like a lottery system? |