Ha ha, that's not how you burn the coins

Update:

The Whitepaper should be coming out this weekend guys:

Congratulations fishfishfish313, you are the first one to burn your coins!

You burned 500 coins, reducing the maximum supply and now you get back 625 XBL

https://etherscan.io/tx/0x029724a2bc756bbaa7c14385854fcfdbe2924973063b92936af1b01f8d308589

Thank you, community feedback means a lot to us - we are constantly changing to adapt to the needs of the market and are continually learning about how we can improve our project.

You would also be the first person to claim the Billionaire Token "Burn your own coins" Bounty!

Congratulations to ChristianPogi for winning the prize for making a guide on how to burn Billionaire Tokens.

The guide is for MyEtherWallet and I have made it available at the following link:
https://BillionaireToken.com/MyEtherWalletBurn.pdf

Happy burning everyone!:)

We have just uploaded a guide for MyEtherWallet on how to burn your tokens: https://billionairetoken.com/MyEtherWalletBurn.pdf

This guide can also be found in the original ANNouncement post.

You can burn your tokens and receive them back + 25%.
Please refer to the bounty thread for more information: https://bitcointalk.org/index.php?topic=2067236

We do not require an Esperantis translation, thank you though

Well this is incredibly interesting, you win the artwork contest, twice! And we are seriously considering your logo to be ours.

Congratulations mica3006, you are a Billionaire!

https://etherscan.io/tx/0xa9bbfa9494ffba3c9d8b03b12fd232d94d2861f4b55f7ece5b97b2b7db6162fc

The developers are certainly holding more than just a few genesis addresses

"Fairly" airdropped to so many newbie forum account members.

Do you think members of the Minereum team didn't own a big part of those accounts? The ones that got the Genesis addresses? Let's not be silly now.

I'm not FUDDING, the inflation rate on Minereum is horrible. The price can't get any good upswing just because of that.

And about the Minereum Token Creation Service - Well, that's basically the simplest thing anyone could make. All you need to do, in order to make a minimum viable token is google "How to create ethereum erc-20 token" and you can get working code for that - you might even learn a thing or two about solidity.

Hello,

Please join our slack by using this link: https://join.slack.com/t/billionairetoken/shared_invite/MjE3ODkxMTk3MDQwLTE1MDExNjY1MTgtM2M1OGFhZTVhOQ

I will have to pre-approve the guide before you publish it and you get the reward.

Hello guys,

If you are disappointed by Minereum and it's INCREDIBLE inflation and also by the fact that most of the Genesis Addresses are in the hands of the developers - then you will probably LOVE Billionaire Token.

Billionaire Token (XBL) is also an Ethereum Token, but this one, instead of having super-high INFLATION like Minereum - it has super-high DEFLATION.

It is still in PRE-ICO stage. I designed the deflationary mechanism with the idea of increasing value per coin dramatically, in time. Within the first 3 months after the ICO, we expect the current supply to reduce by HALF.

If you're interested in a coin that is the exact opposite of Minereum (but it still has a lot of fun, real-world uses), check out our Announcement Thread:
https://bitcointalk.org/index.php?topic=2065888

You can find all the information you want to know about Billionaire Token from our ANN and website.

Website: https://BillionaireToken.com


I am Gluedog, lead developer and coordinator of the Billionaire Token project.

Only me and my team members (the board of directors) vote on the logo, there is nothing to see about the voting process itself in the public channels.
We are the only ones who make decisions that affect the branding, marketing, operational or development aspects of Billionaire Token.

Also, m_nief:

Congratulations, you are a Billionaire!

https://etherscan.io/tx/0x541ecdadaab00c465495885567e75bbab1838d54858917572b16e2f07a89cf4e

Update:

After listening to community feedback, we have just improved the deflationary mechanism for Billionaire Token:

- The raffle will now have three winners instead of one.
- There will exist another "Burner" Smart Contract that will reward people for burning their own coins.

- Gluedog

Hello, we will be posting an update very soon about the new Token Sale model - with detailed graphics as well, so everyone will understand better.

Until then, what I can tell you right now is this:

The base ICO price will be 10 cents/token, but to this price will be added bonuses.

The cheapest you can get Billionaire Tokens is going to be around 5.7 cents (10 cents with an added 75% bonus) - this is during the first day of the ICO and is being done to reward early Investors. We believe they are the ones who take the most risk

After the initial day, we will give buyers another chance to get Billionaire Tokens cheap: There will be a few other days with high bonuses, like 60% for example.

PRO TIP: If you buy at the ICO and are quick enough, you will be able to burn your coins and get the bounty rewards for that.

Please refer to the bounty thread for more information:




The Token Sale date has not yet been announced, be sure to subscribe to our mailing list to be notified before it starts.

Hello m_nief,

The voting happens in our slack group, you are free to join if you want to get to know us and the team or if you want to submit logos to the contest.

Are you talking about the Smart Contract that will be implemented or about the current running bounty?

The Smart contract we speak about, receives 20% of the money that was raised at the weekly raffle, then users will be able to submit their coins for burning, and are the elligible for a reward from that smart contract.

If the "Burner" Smart Contract doesn't have enough funds, it will throw an exception and return the user his tokens.

The bounty is just that, a bounty running here on the forum. You have to call the burn() function on the token contract and you will receive the reward - get your coins back and an extra 25%.


More information about the deflationary mechanism will be found in our Whitepaper that is scheduled to be released this week.

Give me your eth address, you did not win the logo contest but you still receive the artwork bounty.

That translation is not on par with Billionaire Token standards, we can not give you the bounty unfortunately.

Hello,

Please refer to the bounty and rewards thread for more info: https://bitcointalk.org/index.php?topic=2067236

Hello guys,

Just a quick update:

People have recently voiced concern over the raffle and the coin-burning mechanism, specifically that the raffle is not rewarding enough and that after the Bounty Campaign finishes (where we reward people for burning their own coins) people will not have as much incentive to perpetuate this deflationary mechanism that is embedded into the core of Billionaire Token.

We love to hear feedback from the community and will constantly be changing in order to make the project more attractive keep the investors happy, and as such we have decided to change the following aspects:

1. The "Become a Billionaire" raffle will be changed to include having three winners.
This will give people more incentive to play the raffle, will make it more rewarding overall, and will help perpetuate the deflationary mechanism.

2. We will implement a Smart Contract that works together with the raffle and will reward people for burning their own coins.


Our goal, after our poker game is released, is to reach 1$ per XBL token. If the maximum supply is not larger than 1 mil, we would only need 1 mil market cap to achieve this.

The feedback has been so far mostly positive and constructive criticism.

RECAP (TL;DR)

Because of this community feedback we have so far decided to change the following aspects of the coin:

- The token distribution model will be made more fair to all participants, while still rewarding early investors as they are the ones taking the biggest risk.
- The raffle will be changed to include three winners instead of just one.
- There will be another Smart Contract created that will work together with the raffle, and will reward people for burning their own coins - just another incentive for the deflationary model to work its magic.

Stay tuned for the upcoming updates:

- The Whitepaper is scheduled to be released this week.
- We will have a guide over at the bounty section of the forum on how to burn your own coins, so if you have some coins already then you should really look into this because you will receive 25% back. This bounty will be available during the first part of the ICO, so people who invest early can actually make a lot more XBL tokens (provided there is enough in the bounty account).