Bitcoin Forum
June 16, 2024, 09:27:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 [7]
121  Economy / Service Discussion / Re: Faucet, casino, mixer, currency exchanger etc. all in one on: December 16, 2019, 06:01:16 PM
In a screenshot, I see a matrix feature. Is there a real product behind? I don't have a good opinion about matrix basically and I may be wrong of course but I see it as a weak point for your website

It's years since I have used a faucet but a 30% commission isn't a bit high (?) What about lowering it and increasing the reward instead?
I believe the competition is still quite important with the faucets so it will make your more attractive and so collecting more people for your userbase.

You got a good idea with your site, good luck


Yes, of course the matrix program will offer a real product for as low as 1 USD: rotative (small) ad texts placed all over the website for 1 week per matrix. ("ad pack")
So basically a quid-pro-quo program giving us 100% guaranteed profits.
Nowadays faucets give up to 50% claim commission that may obviously seem big to you but also consider those faucets pay their users little. Anyhow, I can discuss this with my team because it doesn't seem a bad idea lowering the commission in order to increase the faucet rewards especially in our scenario where we offer several multiple services, so more users are encouraged to spend their hard earned coins on other services offered by us since they actually earn way more in comparison to current faucet leaders.
What about selling referrals? I mean random picked up users without an upline/inviter, does it sound reasonable and realistic? If so what would be their sale price? Many users are usually inactive or stop using the website after a short time resulting the upline in losing his investment.
122  Economy / Service Discussion / Re: Faucet, casino, mixer, currency exchanger etc. all in one on: December 16, 2019, 04:52:33 PM
I forgot to mention the withdrawal fees:

  • Bitcoin -> 0.00001 BTC
  • Litecoin -> 0.0005 LTC
  • Dogecoin -> 50 DOGE

These values might be subject to periodic manual updates due the nature of cryptos price volatility though.
123  Economy / Service Discussion / Re: Faucet, casino, mixer, currency exchanger etc. all in one on: December 16, 2019, 04:44:19 PM
Thanks for the answers.

Last question: Where are your operating costs and profits coming from? I can see from your screenshots you sell ad slots. Although I appreciate you might not have nailed down exact numbers yet, what kind of fees are you expecting to be charging for currency exchange and withdrawals? What kind of house edge will there be on your casino games?

It certainly looks like an interesting platform. I might not be your target market, since I wouldn't be using the mixing service for the reasons I stated above, and I don't have much interest in buying/exchanging most altcoins. I'd certainly be interested in having a go on your casino games when you launch though. Best of luck to you.

First of all I want to remind you we already have a starting budget to cover server expenses, advertising costs and probably some limited casino losses.
The effective profits will originate from the advertising networks we will take for most of our ad slots, certainly starting from a-ads.com in the very beginning. We will later try to get the needed requirements to enter higher paying ad networks such as mellowads.com and coinad.com, the sooner we get approved and the greater will be our profits as well as faucet rewards.
Further ad banners/texts will be sold on WZ platform through special programs you will find in your own account.
We haven't yet figured out what will be the house edge, mainly because it may be adjusted later once the platform builds the trust and community, but from time to time we will manually set house edge free for a limited time on special (or dead) days and this is very likely to be announced on our Telegram channel before going live.
The exchange rates will be up to 5% but they can be lowered by 1% anytime you reach a specific total exchange volume. [1% is the lowest exchange rate possible]
124  Economy / Service Discussion / Re: Faucet, casino, mixer, currency exchanger etc. all in one on: December 16, 2019, 02:04:57 PM
you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).
This was my initial concern on reading OP's post as well.

If I use a service to exchange coins and gamble, and also use the same service to mix coins, then that service can link my mixed coins to my exchanging and gambling activities, my deposit and withdrawal addresses, my IPs, and so forth. If you need to make an account to use your exchange or casino (which I assume you will), then you can potentially now link mixed coins to an email address or other identifying information, which entirely defeats the point.

A couple of questions for OP:
What information is required to open an account? So you require any KYC information for any of your services?
Are your casino games provably fair?
How will you be securing customers' deposited coins?

1. Username, email*, password, PIN code (security code used for withdrawals, update account infos etc.) and KYC is totally absent from account registration but could be eventually asked later upon investigation.
2. Yes, all games including the lottery will be provably fair.
3. We will hold 5% of total funds on bitcoind, litecoind and dogecoind server used to process withdrawals upon request. The remaining funds will be moved to hardware wallets (e.g. Ledger) and BIP38 encrypted paper wallets in order to safely store the coins.

*Disposable/temp emails and VPNs are allowed as long as the user does not try to cheat the faucet through self-invited accounts since we pay back 20-30% claim commission to uplines.
125  Economy / Service Discussion / Re: Faucet, casino, mixer, currency exchanger etc. all in one on: December 16, 2019, 10:57:17 AM
Quote
This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)
There are some multi coin faucets already in existence.

Quote
Do you think it may work/succeed? What's your thoughts?
The idea might work if you add this to your website terms and conditions.

The idea of combining all mixer with other services is quite new.

Can you please link me some? Might be good to check them for introspection purposes!
By the way, we have already been working hard on a hand written terms and conditions, privacy policy, cookie policy and risk disclaimer featuring the bankroll investment.

It's a good idear, however there is one thing that pops to mind: you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).
I don't know if people would be willing to bet big on an unregistered casino, and i don't know if people would be willing to use a mixer if one the same site is a registered casino running.

Also, if you don't have a big enough bankroll, i guess it might be good idear to start without the casino and build a good rep before you start asking people to invest money into your company?

You are right on that because the casino is unregistered but the whole idea is not supposed to be focused on casino's revenue only, in fact there will be few simple games like dice, horse racing betting, lucky wheel, weekly lottery and custom games invented by us.
Therefore we can assume the average player will probably be the faucet user who tries his luck with his hard earned money made on faucet. This will eventually build trust allowing to attract bigger players in future.
After having discussed with some users found on Telegram groups we found a couple of persons who would be interested in exchanging (2-5% fee) and then mixing their coins with us despite the fact we are running multiple services all in one.
126  Economy / Service Discussion / Faucet, casino, mixer, currency exchanger etc. all in one [NOW ALIVE!] on: December 15, 2019, 06:37:57 PM
UPDATE: the project is now online www.winza.cc
ANN: 🚀 WINZA.cc 🏆 Casino ⚡ Faucet ⭐ Exchange 🔥 Ad Network 🎲 D I C E <--- ✅

Hello everyone,
I've been observing BitcoinTalk since 2014 but never posted before, probably because at the time I still was in the learning process I guess.
In the meantime me and a couple of friends coded from scratch the "WZ Platform" (I don't yet wanna disclose the full name) which is basically a huge collection of services created by us such as faucet, casino games, lottery, advertising network, mixer, currency exchanger and much more.
This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)
Since our budget may not cover casino's potential big losses we decided to introduce bankroll investments for those interested in investing in our casino throughout a smart algorithm that calculates how much money is required to keep us going so it distributes the dividends accordingly until the user receives back the original invested amount + X net profit.
Do you think it may work/succeed? What's your thoughts?

I'm leaving here some screenshots taken from current alpha version:
Pages: « 1 2 3 4 5 6 [7]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!