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As our pre-sale continues on the Flits app, it's time to finalize the finer detail regarding our first exchange listing and get listed on various other services and platforms. We're also holding team discussions related to kicking off our first marketing campaign. Fun times ahead  |
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and the likelihood of winning is very high as they are offering about 155 times as compared to Power Ball. how did they calculate such chance of winning? are they going to explain more in their whitepaper?
The odds of selecting five, but matching four of the white ball numbers is quoted on the official PowerBall website as 1 in 36,525.17. That pays out $100 for a $2 bet. With PowerBalt, you select one, two or three numbers, but must match all numbers - you do not win if you select three numbers and match two. That being said, the odds of selecting two and matching both with any of the five white PowerBall numbers drawn are 1 in 234.6. The payout for that is 200 coins for every 1 bet. In other words, winning a two-number PowerBalt bet is 155.69 (36,525.17/234.6) times more likely than matching four in the official PowerBall draw - yet you'd only win $100 for a $2 bet on the official draw whilst PowerBalt pays out 400 coins for a 2 coin bet. This is how the '155 times more likely to win and, when winning, receiving a 4 times higher payout' quote comes from. With a chance of winning of 1 in 234.6, it means that we pay out on 1 in every 234.6 bets for the two number bets. The payout to the winner is 200 coins, the dev fee is 5% (10 coins) and the remaining 24.6 coins are burned forever. The figures vary a little for one and three number bets, but the idea is the same. ( Note: These calculations assume all 1-coin bets whilst, in reality, it's possibly to bet anything between 0.05 coins and 100 coins - but the calculations, with regards to projected average coin burn, remain sound). Behind the scenes, how it works is that bet coins are fully burned and the winner/dev fee are paid after the draw via newly generated coins - so, in the above scenario, we'd have 234.6 coins burned via bets and, later, 210 coins generated on-chain to cover the pay out. As you can see, the figures work well. We're replicating what traditional betting websites do and, through automation via blockchain, are reducing overheads to a level that allows us to offer better odds whilst still including a dev fee and coin burn. |
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350,000% returns in a single bet?!  It sure looks like something only scammer would say. I am not saying this project is 100% scam, but you very should be careful what you say if you are some kind of developer here You are correct to be skeptical with any new project, given some of the projects that have came before us, but I can assure you the quotes are 100% factual - clients can bet on one, two or three numbers coming up within the five white balls drawn on the official US PowerBall draw. For three number bets, the odds offered are 3,500 to 1 which represents a 350,000% return. This is why it's 100% true to say that we offer up to 350,000% return on a single bet - of course, betting on one or two numbers offers lesser returns. PowerBalt offer a similar service to that you'll see in traditional gambling sites like topbet.co.za, but with better odds as it's an automated, decentralized, system with little overheads. On launch, our codebase will be available for full review to prove to anyone that betting and payouts are fully automated, everything happens on-chain, and nothing can be cheated (the results are pulled from highly reputable sources). The lack of overheads allow us to offer great odds whilst also enabling a reasonable coin-burn to assist with supply-reduction. |
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Testing is going amazingly well and we are on track for our imminent launch! We truly are the first for on-chain and in-wallet betting on the US PowerBall with result checking and winner payouts all fully automated via our custom chain.  Do you have a few dollars in cryptocurrency?Are you interested in a potential return of up to 350,000% via a single bet on the official US PowerBall draw?With PowerBalt, the odds of a three-number bet winning, and giving you a 350,000% return, are almost 7 times higher than the odds of you matching 4 white balls on the official PowerBall draw. Despite you being almost seven times more likely to win such a bet, the winning odds are actually 70 times higher - yes, you read that right.... Are you more interested in a payout of 200 times your bet (20,000% returned in winnings), but with signficantly better odds? Perhaps, this is a bet you'd like to do weekly? Your lucky numbers, your childrens birthdays, any two numbers between 1 and 69. With PowerBalt, a bet of two-number bet winning, and giving you a return of 200 times your intitial bet, are almost 2.5 times higher than the odds of you matching 3 white balls on the official PowerBall draw. Despite you being almost 2.5 times more likely to win such a bet, the winning odds are actually more than 57 times higher - again, you read that right.... a $2 bet on the official PowerBall draw nets you $7 if you match three numbers whilst a 2 coin winning bet with PowerBalt will earn you a whooping 400 coins - and this is despite the odds of you winning such a bet being almost 2.5 times higher. Would you consider yourself an investor in innovative crypto projects?If you'd prefer to invest, why not buy some PowerBalt coins to stake and earn a great ROI when selling rewards to those that prefer to bet instead? Alternatively, why not invest in a core holding of PWRB and bet with your staking rewards for the chance at a potential, signficant, short-term return? With PWRB, the ROI on staking will start out at 300%. This will reduce over time, reaching a potential 75% after the first year (the returns will be a little higher in both cases due to coins burned and coins that aren't staking at any point of time). From day 1, PowerBalt will have an active use-case and coin burn is automated - at an expected level of 10% of total on-chain bets. We hope that this coin burn, in addition to increasing demand from a growing betting community, will ensure an extremely stable, and increasing, coin price going forward. We are extremely excited for this projects prospects. Many coins start out with a usecase that is nothing but a pipedream set for launch 6-9 months into the future on their roadmaps. Such coins have demand only from investors and, in many cases, the usecase is never achieved - or is achieved at a point where circulating supply is too high to be absorbed by demand driven via the usecase. PowerBalt is different. We have an active usecase and automated coin burn from week 1. The potential market for the usecase is HUGE. As such, demand for the coin will be driven, not just by investors hoping that we'll achieve the stated usecase, but by a growing betting community. On the supply side, average coin-burn should increase as the betting community grows. High demand, low supply - the recipe for success!!! Hello. According to your post, it seems that you are associated with Powerball. Is it true? And will there be a buyback of coins? And what is stacking profitability? thanks Lots of coins buy back coins but those coins still exist on the chain and, in a lot of cases, are still available for the team to sell at some point in the future. With PowerBalt, the odds offered to the betting community have been carefully calculated so that, after the 5% developer commission (to initially be used to fund marketing and promotional activity), there will remain an average of approximately 10% coin burn in relation to total bets (the figures differ slightly depending on the makeup between one, two and three number bets, but the average is expected to be approx 10% of bets. This, of course, means that the average weekly automated coin burn will increase through time as the betting community grows. Basically, we have a working usecase from day one and that usecase results in an automated coin burn to reduce supply. As such, there is no need for us to pull the same tricks that some others pull in order to support price - it's built into the chain. |
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Testing is going amazingly well and we are on track for our imminent launch! We truly are the first for on-chain and in-wallet betting on the US PowerBall with result checking and winner payouts all fully automated via our custom chain. Do you have a few dollars in cryptocurrency?Are you interested in a potential return of up to 350,000% via a single bet on the official US PowerBall draw?With PowerBalt, the odds of a three-number bet winning, and giving you a 350,000% return, are almost 7 times higher than the odds of you matching 4 white balls on the official PowerBall draw. Despite you being almost seven times more likely to win such a bet, the winning odds are actually 70 times higher - yes, you read that right.... Are you more interested in a payout of 200 times your bet (20,000% returned in winnings), but with signficantly better odds? Perhaps, this is a bet you'd like to do weekly? Your lucky numbers, your childrens birthdays, any two numbers between 1 and 69. With PowerBalt, a bet of two-number bet winning, and giving you a return of 200 times your intitial bet, are almost 2.5 times higher than the odds of you matching 3 white balls on the official PowerBall draw. Despite you being almost 2.5 times more likely to win such a bet, the winning odds are actually more than 57 times higher - again, you read that right.... a $2 bet on the official PowerBall draw nets you $7 if you match three numbers whilst a 2 coin winning bet with PowerBalt will earn you a whooping 400 coins - and this is despite the odds of you winning such a bet being almost 2.5 times higher. Would you consider yourself an investor in innovative crypto projects?If you'd prefer to invest, why not buy some PowerBalt coins to stake and earn a great ROI when selling rewards to those that prefer to bet instead? Alternatively, why not invest in a core holding of PWRB and bet with your staking rewards for the chance at a potential, signficant, short-term return? With PWRB, the ROI on staking will start out at 300%. This will reduce over time, reaching a potential 75% after the first year (the returns will be a little higher in both cases due to coins burned and coins that aren't staking at any point of time). From day 1, PowerBalt will have an active use-case and coin burn is automated - at an expected level of 10% of total on-chain bets. We hope that this coin burn, in addition to increasing demand from a growing betting community, will ensure an extremely stable, and increasing, coin price going forward. We are extremely excited for this projects prospects. Many coins start out with a usecase that is nothing but a pipedream set for launch 6-9 months into the future on their roadmaps. Such coins have demand only from investors and, in many cases, the usecase is never achieved - or is achieved at a point where circulating supply is too high to be absorbed by demand driven via the usecase. PowerBalt is different. We have an active usecase and automated coin burn from week 1. The potential market for the usecase is HUGE. As such, demand for the coin will be driven, not just by investors hoping that we'll achieve the stated usecase, but by a growing betting community. On the supply side, average coin-burn should increase as the betting community grows. High demand, low supply - the recipe for success!!! |
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