Unrelated to that report:
There is now 1 hour and 15 minutes left until day #11 with 50-65% bonus!
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Hello, you're not elligible for the bonus: 1. That transaction is 9 days old. 2. It is not over 5 ETH. Also, check this out guys: I just got reported for "scamming" after saying "Sex sells" in some ICO thread...
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Given the current news I feel obliged to ask what country is this ICO based out of? The current news is quite worrying, first the SEC started to crack down on ICOs that were selling "unregulated securities" and now China is banning all ICOs. However, we do not believe that Billionaire Tokens are securities. They will have a use-case right away after the token sale via our decentralized Raffle and Burner. All in all, Billionaire Token is a self sufficient gambling system at the base of which lies an ERC-20 Ethereum Token, that will work together with two other decentralized applications deployed on the Ethereum Network. These two Smart contracts represent the core of the deflationary mechanism at the heart of everything. All of this is experimental, it has never been done before in the way we are doing it. We can not and will not make any guarantees about the future value of Billionaire Token. None of our team members are from the US or CHINA. This ICO is not based in any one country either. We are a bunch of people from all around the world that are building open source, decentralized software for fun. We have stated before that we will do our project no matter how many tokens we sell, we do not need these funds to finish our roadmap. Many projects start development after their token sale, we have started it before and are working on delivering the first part of our roadmap and a complete deflationary system by the end of the 31 days.
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Ah yes. Their co-founder even worked for the US dept. of defense. Now it makes sense why the SEC targeted such a small ICO ($42k raised): They couldn't have an employee from the department of defense be part of an "illegal" issuance of securities - it would look extremely bad for the US. So they took action. Took it down before anything else could happen.
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So does anyone know if Protostarr founders were located in the US or not?
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Good and exciting I was wondering tho, in what language are the Raffle and the Burner going to be written in? The Raffle and Burner will be written in Solidity, this is a programming language that is similar to Javascript and it is designed to target the Ethereum Virtual Machine (EVM). The compiler will then transform this solidity source code into bytecode that can run directly into the EVM - on the Ethereum Network - thus creating decentralized applications that will be entirely independent and self-sustainable.
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Website update #0103-September-2017We have just finished developing the mobile version of our website: https://BillionaireToken.com/mobileAll requests to access the site through a mobile device will be redirected to the above page. This means no more buggy javascript and no more teleporting around when trying to browse from your phone. Dev is very active updating the development of his project and they have a very catchy name for their token I'll not wonder if this coin become profitable for their investors will definitely take a look a second look in their project. The frequency of updates and the ongoing development is indeed reassuring. I hope the developer team will continue to do this as this will attract more investors. You bet I will:) My transaction ID for the 70% bonus: 0x550a7358e39f231c58f8bea9500e594df0630ecc92a76600b589741e3dc651b2 Thank you, looking forward to this. Congratulations jack19123, you are a Billionaire! Winner of today's 70% bonus. Amount of ETH sent: 5.123919710000000256 Base XBL for [5.12391971] ETH is [17440.7979089] tokens for a price of $340.38/ETH. Total XBL for [5.12391971] ETH is [29649.3564451] tokens with 70% bonus TX ID: https://etherscan.io/tx/0x4caa1274e17b96c25e6b0def3ffa62c59e32486dc48b6f8078e4156b53c2688fThank you for your purchase, The Billionaire Token Team
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Website update #0103-September-2017We have just finished developing the mobile version of our website: https://BillionaireToken.com/mobileAll requests to access the site through a mobile device will be redirected to the above page. This means no more buggy javascript and no more teleporting around when trying to browse from your phone.
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Day #8 of the ICO has just begun!
Current bonus is still 0%, but stay tuned for day #11 because we will have a base 50% bonus. Also, on day #11 we will be rewarding the first 10 buyers that contribute more than 3 ETH / 0.25 BTC / 20 LTC with a 65% bonus!
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On the roadmap, the next thing is the raffle. When could investors expect the raffle to be live? Not trying to jump the gun here, it looks like things are humming along. I'm just a curious soul with a passion for gambling tokens After the ICO. The Raffle and Burner code will be released on our github account. We hope next week is when that will happen:)
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I wonder is it necessary for the Billionaire ico to last 30 days, because there are no bonus of many days of the total 30, in these days , I think no one will participate, he/she can choose another day. so i think one week with different bonus on each day is enough.
By making the ICO last 31 days, we are more protected against a drastic crash in BTC/ETH price and also we are allowing more unique users to buy Billionaire Tokens. As we have said in the past, having a fair and even distribution is very important for a new coin.
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WOW CONGRADULATIONS! 1,512,871 XBL sold ... Shows the strength of this project!!
Thanks! That is just a bit under half of all the tokens sold. I am really curious how many tokens will be left standing at the end. We will burn whatever we don't sell.
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I don't know maybe its the gambling angle you guys are coming from, but something tells me you guys might be scammers which i hope not. for example you guys are already promising people Lambo and billionaire status thats too "pumpish" for a coin that could not utilize smart contracts to automate token distribution.
We're not promising anyone anything. No lambos, just humour. It would be insanity for me to promise people Lamborghinis The reason why we didn't automate the token distribution was because we couldn't allow citizens from states that do not permit the buying of Ethereum tokens to participate in the ICO. We needed a more "personal" way of distributing the tokens. This is why we require everyone who wants to buy tokens to create a user on our website. If we had created a smart contract to automatically distribute tokens to everyone who sent ethereum, then the ICO would not have been legally compliant.
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cool to see a lot of activity here. i am new to this crypto and i like the deflation mechanism of this coin. i stil want to buy some of this token. is it best to wait for bonus or get in before the coin all sells?
I don't think the coins are going to sell out before day #11. So you might want to wait until then.
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This project seems very interesting.
However I wonder why I cannot find any information about the team? Who are the people behind this project? And why can't I find any information, linkedin profiles and past experience?
I assume there is nothing to hide right?
And what about the legal structure? There are a lot of legal requirements and rules when it comes to gamble websites. Where are these covered?
Hey ifrietpani. There's nothing to hide, it's just that at this point in time we're not sure we want to go 100% public and show our names. I'm in the process of quitting my job and because of this, right now I can't show my linkedin profile over here and link it with this personal project of mine. The way I see it is like this: On the odd chance of the market crashing, or any other sort of unpredicted failure I will be in a very bad position had I went public with this. My team and I will still continue the project no matter what happens - however if it does indeed crash I would not be able to go forth with the plan that I have to quit my job and go full time crypto-developer. So I would need it. I would need to keep the job I have to sustain myself. But I wouldn't be able to keep it if they found out I had any other sort of personal project - it just doesn't work that way where I work. What I can tell you at this point is that, if we are indeed succesful with the ICO (and by the looks of it - it's going quite great), and we will have enough funds to keep the project going and we go to a point in time where I finally realize my dream of being a full time crypto-developer, then i will link my linkedIN profile here. About the legal structure, we are in collaboration with a legal representative that will advice us on moving forward. You are absolutely correct, if we will be allowing people to instantly buy XBL tokens from us, or instantly fund their gaming accounts with credits (so they don't even know they're playing on a blockchain) we will need to have the legal structure into place. Dear Gluedog, Thank you for your clarification. I have to say I preferred to receive some personal information about your team, but I can understand your decision not to do that. I have another question for the long term. How do you plan to earn money as a company with this project. I know a part of the coins go to the team, but this is to limited to be sufficient on the long term (I do however like the fact that the percentage of the tokens that go to the team is rather low). Also with these raffels, no money will go to the future development. Are you planning to gather additional revenue by using a rake system in the future poker rooms or what is your plan to generate revenue on the long term? Rake system is one thing we will be looking at doing. However we are dedicated to bringing the lowest and most competitive fees on the market. We are also looking at implementing our own blockchain in the future, doing a 1:1 swap and having masternodes. Holding the premine is just another way we will be profiting from finishing our project. The Billionaire Hold'em software will be released under an open-source license. We are looking at the idea of allowing community members to run the game on their servers, thus creating a truly decentralized gambling platform. Incentives for this will be in the form of comissions that every community members will gain if they host the game servers - hosting a table or more tables if you will. This will ensure the continuation of the project even if one central authority (like our company) fails because of different legal or environmental factors. The Raffle and the Burner will be fully decentralized and once they are deployed they will not be influenceable by Billionaire Token in any way. Billionaire Token does not take any sort of payment/comission from the raffle or the burner. They are fully decentralized and autonomous.
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