Bitcoin Forum

Economy => Gambling => Topic started by: TwinWinNerD on April 08, 2014, 08:38:17 PM



Title: [chancecoin.com] Decentralized dice game | 1% house edge | No counterparty risk
Post by: TwinWinNerD on April 08, 2014, 08:38:17 PM
Link to main thread: https://bitcointalk.org/index.php?topic=528023.0

Hint: I am not part of the developer-team, just a fan of this coin!


Description

http://chancecoin.com/static/images/logo.pngChancecoin (http://chancecoin.com) (CHA) is a protocol, coin, and client used to bet on dice rolls and other games in a decentralized casino. Owners of the coin may gamble, with randomness provided by published NY Lottery Quick Draw numbers. Owners of the coin are automatically invested in the house bankroll. The protocol is built on top of the Bitcoin blockchain. Coins were created by burning Bitcoins during a proof of burn period.


Burn information

Maximum coins burned: 1,000,000
Burn period: Bitcoin blocks 291860 to 298340
Coins burned in first block: 1,500 CHA per 1 BTC
Coins burned in last block: 1,000 CHA per 1 BTC (coins per block scaled linearly in between these blocks)
BTC burn address: THE BURN PERIOD IS OVER (http://blockchain.info/address/1ChancecoinXXXXXXXXXXXXXXXXXZELUFD)
Maximum coins burned per address: unlimited

Casino information

House edge: 1.0%
Maximum win: 1.0% of bankroll

Wallet software

OS X binary (http://chancecoin.com/participate)
Windows binary (http://chancecoin.com/participate)
Install from source on GitHub (http://github.com/chancecoin/chancecoinj)

Installation instructions

See http://chancecoin.com/participate (http://chancecoin.com/participate)

Resources

Home page (http://chancecoin.com)
Download Chancecoin software -- including decentralized casino, decentralized exchange, and wallet (http://chancecoin.com/participate)
Technical details (http://chancecoin.com/technical)
Subreddit (http://www.reddit.com/r/chancecoin/)

How do I buy CHA?

Download the Chancecoin software and place an order using the decentralized exchange. Or buy CHA on the official centralized exchange, Poloniex (https://poloniex.com/exchange/btc_cha).

How do I gamble?

You can gamble using the decentralized casino in the Chancecoin software. Open Chancecoin and click on "Casino." Choose the amount of CHA you want to bet, and the desired payout or odds of winning (one will determine the other). Then click "Roll."

How do I bankroll the house?

By owning CHA, you are automatically bankrolling the house. On average, you can expect to earn the house edge of 1.0% per bet.

Donations

Donations to 1BckY64TE6VrjVcGMizYBE7gt22axnq6CM are welcome.

Developers

Magician (https://bitcointalk.org/index.php?action=profile;u=252066) and Venetian (https://bitcointalk.org/index.php?action=profile;u=272243)


Title: Re: New Coin, that lets you play dice within the client. Provablyfair and trustless!
Post by: TwinWinNerD on April 08, 2014, 08:43:05 PM
BTC burned up to now: 55.48251324 BTC


Title: Re: New Coin, that lets you play dice within the client. Provablyfair and trustless!
Post by: TwinWinNerD on April 19, 2014, 05:03:47 PM
Do you want to play dice cheaply and without trust?

Use changecoin! It is already fully functional.

Also the burning period will end within 2 weeks!



Title: Re: New Coin, that lets you play dice within the client. Provablyfair and trustless!
Post by: TwinWinNerD on May 25, 2014, 04:19:34 PM
https://i.imgur.com/kWQvBsf.png


Title: Re: [chancecoin.com] Decentralized dice game | 1% house edge | No counterparty risk
Post by: TwinWinNerD on May 25, 2014, 04:22:41 PM
Someone bet 5000 and 7000 CHA already .... That is more than 1% of all coins... (14 BTC worth atm)

https://i.imgur.com/2mRbinJ.png