Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: DSPay on July 15, 2014, 03:49:48 AM



Title: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release NOW!!!!!
Post by: DSPay on July 15, 2014, 03:49:48 AM
DSValue

Distributed Lottery System
Release NOW!!!!!


Release date:  August 7th, 2014





   Maintaining the characteristics of bitcoin, DSValue integrates the decentralized P2P lottery in addition. Therefore, DSValue can be used to trade and exchange, also buy the lottery.


Specifications:
   
  • Reward Per Block:

         o   1~100 block: 100,000 per block (Premine: 10 million, 5 million for promotion, 5 million for internal incentive)
         o   101~ 105120: 250 per block
         o   105121~210240: 130 per block
  • Time Between Blocks: Every 2.5 minute, release in one year (See the Intro of DSPay, DSValue can change to the digital asset of DSPay in ratio of 1:1)
  • Total Coin Supply: 52 million
  • Difficulty Retarget: Dark Gravity Waves (DGW)
  • Algorithms: X11



The Pre-mine DSValue:


    The gross of premine DSValue is 10 million coins. 5 million use for propaganda and promotion, the other 5 million for internal incentive. All the fund flow data will be open for the investors to check.

    All the 5 million DSValue using for promotion, the address, amount and reason will be recorded and posted on the website.
    DSValue team also will file the report about the fund flow at regular intervals. All the data can be tracked that make black box operation and misappropriation impossible.
    Also we will solicit opinions for a better plan to public the fund flow later. Any comment is welcome.

   The DSValue for internal incentive will have a lock-up period during which transaction is forbidden. Therefore, the team will never quit the project but focus on the progress of the software development. Details publish later.



DSValue Lottery:



How to play


   The buyers can decide how much to spend on the P2P lottery by themselves.

    No less than 0.001 coins per draw, and no upper limit.

    5% of the amount will be charged as commission.

    The buyer can play the lottery in two ways.


   The first is, pick 5 red ball numbers from 1 to 20, and 2 blue ball numbers from 1 to 10. There are 5 prize tiers as below,


  
Prize Level         Matching Numbers                       Expected winnings[1]                        Odds of Winning
               
                 Red Ball           Blue Ball      

   1                    5                  2                     210,000 times of the stake                         1 in 210,000
  
   2                    5                  1                       1,000 times of the stake                           1 in 1,000
                         4                  2      

   3                    5                  0                        30 times of the stake                               1 in 30
                         4                  1      
                         3                  2      

   4                    4                  0                        15 times of the stake                                1 in 5
                         3                  1      
                         2                  2      

   5                    3                  0                        2 times of the stake                                 1 in 2
                         2                  1      
                         0                  2      



   The second way has 3 prize tiers. Pick 6 different numbers from 1 to 15. Win a prize by just matching the 4 number or hit it big by matching all 6 numbers.

 
Prize Level        Matching Numbers                Expected winnings[1]                   Odds of Winning

   1                              6                           3,000 times of the stake                  1 in 3,000

   2                              5                            17 times of the stake                     1 in 17

   3                              4                             2 times of the stake                      1 in 2



Note: [1] The total winnings cannot surpass the prize fund. In that case, the 80% of the prize fund will be divided equally among multiple jackpot winners. 80% of the rest divided equally to the send level winners. Other tiers’ prize will be distributed by this analogy.

    All the prizes above share the same prize fund. If the prize fund has surplus, it will roll over to the next draw and be added to the prize fund for the following draw.



Loterry Check


    To see whether won or not, buyers can check winning numbers on the official website, or find a recording of the draw by client.  

    The DSValue lottery draws occur every 12 hours.

    The prize will be reward to the winners’ account automatically.

    Prize abandon will not happen in this way.


Upcoming: Distributed Secured Transaction System (DSPAY):

  • Bitcoin is a low-cost electronic payment system that can save the cost in transaction.
  • In daily business transactions, if one party broke a signed contract, the other would paid the cost of making sure the other party sticks to the terms of the contract and taking appropriate action(enforcement cost). The centralized systems, such as PayPal and Alipay, reduce the enforcement cost to some extent. Nonetheless, how to reduce the enforcement cost for decentralized system is still a problem to be solved.
  • In order to minimize the transaction cast, out team are now working on the distributed secured transaction system which is without any center node and impossible to be controlled by anyone.
  • After the upcoming distributed secured system release, DSValue can change to the digital asset of the system in ratio of 1:1. Then DSValue will come to an end.
  • The release date of the system needs to be confirmed. Whitepaper of DSPay will issue later. Please follow up the announcement on the official website or on the official Social Network Site.




Whitepaper:

https://drive.google.com/file/d/0B4q9nKwBFjEDOUxORWhGWUo5c2c/edit?usp=sharing (English)
https://drive.google.com/file/d/0B4q9nKwBFjEDXy1CMXUwUUxUYzg/edit?usp=sharing (Chinese)


Exchanges:   To Be Determined

Wallet Download:  

linux_64,win_32: http://pan.baidu.com/s/1dD6DPmD?qq-pf-to=pcqq.c2c

Software Development Donations:   To Be Determined



Contact Us:


Website: www.dspay.org

E-mail:   dspayofficial@gmail.com

Forum:   http://bbs.dspay.org/

Facebook:   http://www.facebook.com/DSPay

Twitter:   https://twitter.com/DS_PAY

Weibo:   http://weibo.com/DSPay

QQ Group:   334368391



FAQ


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: BTMan on July 15, 2014, 03:50:23 AM
GOOD COIN.WAITING FOR YOU WALLET FILE.

Premine: 10 million  IS TOO MUCH.


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: HunterS on July 15, 2014, 03:54:07 AM
i feel premine seems alittle excessive in relation to the block reward size for mining
really need to bring the premine down by alot or you are going to kill coin before it even starts


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: yellowduck2 on July 15, 2014, 04:00:36 AM
i feel premine seems alittle excessive in relation to the block reward size for mining
really need to bring the premine down by alot or you are going to kill coin before it even starts

If u think that is excessive, see block time, that is even worst.


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: Depredation on July 15, 2014, 04:04:29 AM
19% premine?


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: DSPay on July 15, 2014, 06:21:21 AM
Welcome to ask for more info and give some comments here~


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: adoalli on July 15, 2014, 06:26:08 AM
Premine: 10 million   :o :o :o :o :o  Good luck


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: DSPay on July 15, 2014, 09:12:29 AM
i feel premine seems alittle excessive in relation to the block reward size for mining
really need to bring the premine down by alot or you are going to kill coin before it even starts

If u think that is excessive, see block time, that is even worst.

The DSValue will come to an end and change to the Digital Asset of DSPay after the system release.  :) :) :)


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: zuiaikongzhu on July 15, 2014, 03:38:03 PM
Premine: 10 million   :o :o :o :o :o  Good luck

I am scared, so large premine.Byebye.


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: baby222 on July 15, 2014, 05:38:04 PM
Premine: 10 million   :o :o :o :o :o  Good luck
;D so many shitcoin needs permine


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: TheMightyX on July 15, 2014, 09:30:07 PM
Specifications:

  • Reward Per Block:

         o   1~100 block: 100,000 per block (Premine: 10 million, 5 million for promotion, 5 million for internal incentive)
  • Total Coin Supply: 52 million

Total coins 52 Million
Premine 10 Million

20% Premine?
How about go fuck yourself.


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: DSPay on July 16, 2014, 12:49:59 AM
Add the detail about the premine. Half of the premine will be back to the investors.


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: baogunike on July 16, 2014, 06:47:03 AM
19% premine?

oh no!!!


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: Chapman Abbott on July 16, 2014, 06:49:48 AM

are you kidding me?!


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: testwin7all on July 16, 2014, 03:38:42 PM
hate this premine!


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release July 2014
Post by: DSPay on July 18, 2014, 03:18:11 AM
We are now provide the bounty for the UI designer.


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release NOW!!!!!
Post by: DSPay on August 07, 2014, 12:13:13 PM
DSValue just release now!

Hope you can enjoy it~


Title: Re: [ANN][DSV]DSValue|Distributed Lottery System|X11|DSPay|Release NOW!!!!!
Post by: Chris001 on August 07, 2014, 12:29:35 PM
How can you put so much time and effort into something and have a 20% premine and no pools at launch.

Suicide is all it is. These were why this failed.

NO stop EVERYTHING right now, when you still have a slight chance.

Get rid of the premine, , fix the block times, and get some damn pools. The coin is Dead On Arrivial unless you do these things right now!!