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Author Topic: A friendly reminder from the team at etheroll - only 6 days until our token sale  (Read 1749 times)
etheroll
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June 07, 2016, 09:17:33 AM
 #1

Hello World!

Just a friendly reminder to all those who have displayed their interest in the http://etheroll.com token sale and are looking to invest in our Ðapp and the future of provably fair dice gaming using the Ethereum protocol; the countdown to our ICO has officially begun and there is absolutely no stopping us now!

There are only 6 days left until our token sale is open!

We have received considerable interest from investors all over the world and as such we may not be able to run our ICO for the entire two weeks as has been pre-scheduled. Once we sell out, that’s all folks! So we recommend you get some ETH prepared and ready for our opening date on June 13th 10:00 UTC so you don't miss out.

Pre-register your interest today at http://etheroll.com/token-sale.html

Our ICO is a one-time only event and will never be repeated again.

That’s right. This will be your one and only chance to participate in our ICO. After this event has closed, token holders will be the only people who are eligible for a 90% lions share in the profits this house bankroll generates – in perpetuity!

Let us take a look at some numbers shall we?

Satoshi Dice is a similar dice game, built instead for the Bitcoin protocol. It reported revenue in 2012 at ฿1,787,470. Its first year earnings were reported at a healthy ฿33,310.
Source: http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/#5da1b23950cb

Here are some numbers over the past 7-30 days for popular BTC sites: https://thebitcoinstrip.com/leaderboard.html

With just 6 days remaining until the launch of our 14 day token sale, we thought it best just to remind those that are interested, exactly we have on offer for our token holders;

Our application is very close to launch. The only purpose of this token sale is to raise ETH that is to be used as the house bankroll.

We have a live date scheduled for August 15th 2016!

Each token grants its owner the following rights and has the following characteristics:  

1.   Direct profit share - proportional to the amount of tokens they hold. Token holders as a collective receive 90% of all profits the bankroll generates from this token sale.

2.   Voting rights - Vote on which new games to build or features to add. Vote to reduce house edge if needed (to remain competitive - we currently have a low 1% house edge).  

3.   Are fully transferable peer-to-peer. You can sell your HERO (ɧ) tokens, or eventually divest (see our divestment schedule).  

Start Date: The HERO (ɧ) token creation phase begins on June 13th at 10:00 UTC  

Duration: 14 days.  

Conversion schedule:  
Week 1: 1 HERO (ɧ) token for 1 ETH (Ξ)  
Week 2: 1 HERO (ɧ) token for 1.5 ETH (Ξ)  

Total # of tokens to be created: 200,000  
Any tokens that remain unsold at the end of the sale will be destroyed.  

The token sale address: TBC

http://etheroll.com

Here to disrupt online gambling forever.
 

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June 07, 2016, 11:32:59 AM
 #2

eggroll?
i obtaining the token to buy eggroll? sound good.

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June 07, 2016, 11:55:00 AM
 #3

Offers nothing Bitcoin didn't offer 5 years ago already.

Buyer beware with this one.
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June 13, 2016, 04:34:21 PM
 #4

Hi, I'm considering investing in Etheroll. Could you please answer the following questions:

1. Profits are distributed each 12 weeks. If a loss occurs in a 12 week period (due to lucky players), this loss is not compensated. So, will the bankroll shrink over time?

2. You mentioned that also sports betting might be implemented. How do you ensure the 1% house edge with this kind of gambling?

3. It is possible to divest 4 times 25%. Do these 25% refer to the initial investment or to the bankroll (which would be 80% of the initial investment)?

4. I wonder how you ensure that the random number generation is not exploited. Is it not possible for the miner to request another random number from random.org if the first one is unfavorable?


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June 13, 2016, 09:42:39 PM
 #5

Please put this thread in the correct sub-forum. This forum is becoming nearly unusableShocked Tongue Cheesy
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June 14, 2016, 10:09:13 AM
 #6

Hi, I'm considering investing in Etheroll. Could you please answer the following questions:

1. Profits are distributed each 12 weeks. If a loss occurs in a 12 week period (due to lucky players), this loss is not compensated. So, will the bankroll shrink over time?

2. You mentioned that also sports betting might be implemented. How do you ensure the 1% house edge with this kind of gambling?

3. It is possible to divest 4 times 25%. Do these 25% refer to the initial investment or to the bankroll (which would be 80% of the initial investment)?

4. I wonder how you ensure that the random number generation is not exploited. Is it not possible for the miner to request another random number from random.org if the first one is unfavorable?




Hi HPt,

Thank you for your interest and feedback.

To answer your questions;

1) Token holders are able to return their tokens to etheroll in return for ETH. This means etheroll can sell the returned tokens again onto the market, allowing the bankroll to be lifted again in the case of a bad run. Overall, the expected value should return 1% to the house bankroll, but yes, there will be big variances.

2) Sports betting and any other games would have a house edge particular to those games/bets. The 1% house edge is only for our first game, the dice game.

3) Yes, it is possible to divest 4 times 25%. The divestment available to token holders relates to the 80% sent to the bankroll. When a token holder divests, they are returned their proportional share of the bankroll*.25

4) It is impossible for miners to have control over our RNG as it is generated off chain. We spent a lot of time considering and ensuring this was not open to an attack vector by miners.

Hopefully that answers your questions, if you have any other questions, concerns or comments please let me know and I will gladly try to answer them all.

Thanks,
James


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June 14, 2016, 10:32:58 AM
 #7

Please put this thread in the correct sub-forum. This forum is becoming nearly unusableShocked Tongue Cheesy


Sorry. Which is the correct sub? I will ensure to post in the correct sub from now on. Apologies.
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June 14, 2016, 10:50:22 AM
 #8

Hi, I'm considering investing in Etheroll. Could you please answer the following questions:

1. Profits are distributed each 12 weeks. If a loss occurs in a 12 week period (due to lucky players), this loss is not compensated. So, will the bankroll shrink over time?

2. You mentioned that also sports betting might be implemented. How do you ensure the 1% house edge with this kind of gambling?

3. It is possible to divest 4 times 25%. Do these 25% refer to the initial investment or to the bankroll (which would be 80% of the initial investment)?

4. I wonder how you ensure that the random number generation is not exploited. Is it not possible for the miner to request another random number from random.org if the first one is unfavorable?




Hi HPt,

Thank you for your interest and feedback.

To answer your questions;

1) Token holders are able to return their tokens to etheroll in return for ETH. This means etheroll can sell the returned tokens again onto the market, allowing the bankroll to be lifted again in the case of a bad run. Overall, the expected value should return 1% to the house bankroll, but yes, there will be big variances.

2) Sports betting and any other games would have a house edge particular to those games/bets. The 1% house edge is only for our first game, the dice game.

3) Yes, it is possible to divest 4 times 25%. The divestment available to token holders relates to the 80% sent to the bankroll. When a token holder divests, they are returned their proportional share of the bankroll*.25

4) It is impossible for miners to have control over our RNG as it is generated off chain. We spent a lot of time considering and ensuring this was not open to an attack vector by miners.

Hopefully that answers your questions, if you have any other questions, concerns or comments please let me know and I will gladly try to answer them all.

Thanks,
James



Thanks for your answers!

1) Actually my question 1) didn't aim at divesting. I was talking about the regular 12 week distribution of profits. This distribution hinders the bankroll to grow. But there's also the (small) possibility that there's a loss after 12 weeks (due to lucky players, not due to divesting). In this case the bankroll would shrink. So, if the bankroll can shrink but cannot grow, is it doomed to shrink over time? (Example: Let's say, the bankroll initially has 10000 ETH. After 12 weeks it has 11000 ETH. 1000 ETH are distributed and the bankroll ist back to 10000 ETH. 12 weeks later the bankroll has 9500 ETH. That is, no win and no distribution, but also no refill. 12 weeks later the bankrall has 9800 ETH. 300 ETH are distributed and bankroll is back to 9500 ETH. etc.)

2) What I actually want to know is: How do you ensure that the house has an edge with sports betting in the fist place (let it be 1% or 5% or whatever)?  Since (other than with the dice game) you don't know the probabilities how can you make sure that the house has an edge?

4) How do you unambigously assign a specific random number to a specific game? Let's say at 2016/06/14 12:39:15 the block 1702168 was mined. In this block someone gambled. Which random number belongs to that game. Is it, e.g., the first random number generated by random.org after 2016/06/14 12:39:15?

5) In your answer to my first question you mentioned that returned tokens are not destroyed but can be sold again. To which price are they sold again (and to whom)?
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June 14, 2016, 11:09:12 AM
Last edit: June 14, 2016, 11:22:12 AM by etheroll
 #9

Hi, I'm considering investing in Etheroll. Could you please answer the following questions:

1. Profits are distributed each 12 weeks. If a loss occurs in a 12 week period (due to lucky players), this loss is not compensated. So, will the bankroll shrink over time?

2. You mentioned that also sports betting might be implemented. How do you ensure the 1% house edge with this kind of gambling?

3. It is possible to divest 4 times 25%. Do these 25% refer to the initial investment or to the bankroll (which would be 80% of the initial investment)?

4. I wonder how you ensure that the random number generation is not exploited. Is it not possible for the miner to request another random number from random.org if the first one is unfavorable?




Hi HPt,

Thank you for your interest and feedback.

To answer your questions;

1) Token holders are able to return their tokens to etheroll in return for ETH. This means etheroll can sell the returned tokens again onto the market, allowing the bankroll to be lifted again in the case of a bad run. Overall, the expected value should return 1% to the house bankroll, but yes, there will be big variances.

2) Sports betting and any other games would have a house edge particular to those games/bets. The 1% house edge is only for our first game, the dice game.

3) Yes, it is possible to divest 4 times 25%. The divestment available to token holders relates to the 80% sent to the bankroll. When a token holder divests, they are returned their proportional share of the bankroll*.25

4) It is impossible for miners to have control over our RNG as it is generated off chain. We spent a lot of time considering and ensuring this was not open to an attack vector by miners.

Hopefully that answers your questions, if you have any other questions, concerns or comments please let me know and I will gladly try to answer them all.

Thanks,
James



Thanks for your answers!

1) Actually my question 1) didn't aim at divesting. I was talking about the regular 12 week distribution of profits. This distribution hinders the bankroll to grow. But there's also the (small) possibility that there's a loss after 12 weeks (due to lucky players, not due to divesting). In this case the bankroll would shrink. So, if the bankroll can shrink but cannot grow, is it doomed to shrink over time? (Example: Let's say, the bankroll initially has 10000 ETH. After 12 weeks it has 11000 ETH. 1000 ETH are distributed and the bankroll ist back to 10000 ETH. 12 weeks later the bankroll has 9500 ETH. That is, no win and no distribution, but also no refill. 12 weeks later the bankrall has 9800 ETH. 300 ETH are distributed and bankroll is back to 9500 ETH. etc.)

2) What I actually want to know is: How do you ensure that the house has an edge with sports betting in the fist place (let it be 1% or 5% or whatever)?  Since (other than with the dice game) you don't know the probabilities how can you make sure that the house has an edge?

4) How do you unambigously assign a specific random number to a specific game? Let's say at 2016/06/14 12:39:15 the block 1702168 was mined. In this block someone gambled. Which random number belongs to that game. Is it, e.g., the first random number generated by random.org after 2016/06/14 12:39:15?

5) In your answer to my first question you mentioned that returned tokens are not destroyed but can be sold again. To which price are they sold again (and to whom)?


Oh i see, sorry, let me explain further.

1) Lets say the bankroll is created and has a total of 10000ETH. After 12 weeks it has 11000 ETH. 1000 ETH are distributed and the bankroll ist back to 10000 ETH. 12 weeks later the bankroll has 9500 ETH. That is, no win and no distribution, but also no refill. 12 weeks later the bankrall has 9800 ETH. 300 ETH are not distributed. There is only a distribution at > 10000ETH.

2) Sports betting (for the moment) is probably the lowest on our priority list. However, we would probably do something like so; at the time of paying winners we would pay them -x% of their winnings. Ensuring the house always realises a gain. I want to make this clear. Sports betting is something that is on the back burner for now. We are more interested in dice games, card games, roulette. However, sports betting seems like a nice fit as well. In all honesty, we would not be looking to implement sports betting until we have roulette, dice-game variations, baccarat complete.

4) Our dice game is like a roulette wheel. All players are playing against the same result. Only 1 result is returned for all players in that round. Once that results is returned, a new round begins. Our betting rounds will complete within 5 seconds towards the end of the year with the Serenity release of Ethereum and 1 second block times, allowing us to handle 100s of thousands of bets per day.

4) When a token holder returns their tokens to etheroll, they are essentially being refunded their initial investment (80%), as 20% is used by etheroll to fund continued development, marketing and so-forth.

Does this clear things up for you? Let me know, happy to discuss.

Cheers,
James

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June 14, 2016, 11:54:04 AM
 #10

Hi, I'm considering investing in Etheroll. Could you please answer the following questions:

1. Profits are distributed each 12 weeks. If a loss occurs in a 12 week period (due to lucky players), this loss is not compensated. So, will the bankroll shrink over time?

2. You mentioned that also sports betting might be implemented. How do you ensure the 1% house edge with this kind of gambling?

3. It is possible to divest 4 times 25%. Do these 25% refer to the initial investment or to the bankroll (which would be 80% of the initial investment)?

4. I wonder how you ensure that the random number generation is not exploited. Is it not possible for the miner to request another random number from random.org if the first one is unfavorable?




Hi



Can you give instruction on how to get ETH back in detail as you did to get the token

Thank you for your interest and feedback.

To answer your questions;

1) Token holders are able to return their tokens to etheroll in return for ETH. This means etheroll can sell the returned tokens again onto the market, allowing the bankroll to be lifted again in the case of a bad run. Overall, the expected value should return 1% to the house bankroll, but yes, there will be big variances.

2) Sports betting and any other games would have a house edge particular to those games/bets. The 1% house edge is only for our first game, the dice game.

3) Yes, it is possible to divest 4 times 25%. The divestment available to token holders relates to the 80% sent to the bankroll. When a token holder divests, they are returned their proportional share of the bankroll*.25

4) It is impossible for miners to have control over our RNG as it is generated off chain. We spent a lot of time considering and ensuring this was not open to an attack vector by miners.

Hopefully that answers your questions, if you have any other questions, concerns or comments please let me know and I will gladly try to answer them all.

Thanks,
James



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June 14, 2016, 01:08:54 PM
 #11

Hi, I'm considering investing in Etheroll. Could you please answer the following questions:

1. Profits are distributed each 12 weeks. If a loss occurs in a 12 week period (due to lucky players), this loss is not compensated. So, will the bankroll shrink over time?

2. You mentioned that also sports betting might be implemented. How do you ensure the 1% house edge with this kind of gambling?

3. It is possible to divest 4 times 25%. Do these 25% refer to the initial investment or to the bankroll (which would be 80% of the initial investment)?

4. I wonder how you ensure that the random number generation is not exploited. Is it not possible for the miner to request another random number from random.org if the first one is unfavorable?




Hi HPt,

Thank you for your interest and feedback.

To answer your questions;

1) Token holders are able to return their tokens to etheroll in return for ETH. This means etheroll can sell the returned tokens again onto the market, allowing the bankroll to be lifted again in the case of a bad run. Overall, the expected value should return 1% to the house bankroll, but yes, there will be big variances.

2) Sports betting and any other games would have a house edge particular to those games/bets. The 1% house edge is only for our first game, the dice game.

3) Yes, it is possible to divest 4 times 25%. The divestment available to token holders relates to the 80% sent to the bankroll. When a token holder divests, they are returned their proportional share of the bankroll*.25

4) It is impossible for miners to have control over our RNG as it is generated off chain. We spent a lot of time considering and ensuring this was not open to an attack vector by miners.

Hopefully that answers your questions, if you have any other questions, concerns or comments please let me know and I will gladly try to answer them all.

Thanks,
James



Thanks for your answers!

1) Actually my question 1) didn't aim at divesting. I was talking about the regular 12 week distribution of profits. This distribution hinders the bankroll to grow. But there's also the (small) possibility that there's a loss after 12 weeks (due to lucky players, not due to divesting). In this case the bankroll would shrink. So, if the bankroll can shrink but cannot grow, is it doomed to shrink over time? (Example: Let's say, the bankroll initially has 10000 ETH. After 12 weeks it has 11000 ETH. 1000 ETH are distributed and the bankroll ist back to 10000 ETH. 12 weeks later the bankroll has 9500 ETH. That is, no win and no distribution, but also no refill. 12 weeks later the bankrall has 9800 ETH. 300 ETH are distributed and bankroll is back to 9500 ETH. etc.)

2) What I actually want to know is: How do you ensure that the house has an edge with sports betting in the fist place (let it be 1% or 5% or whatever)?  Since (other than with the dice game) you don't know the probabilities how can you make sure that the house has an edge?

4) How do you unambigously assign a specific random number to a specific game? Let's say at 2016/06/14 12:39:15 the block 1702168 was mined. In this block someone gambled. Which random number belongs to that game. Is it, e.g., the first random number generated by random.org after 2016/06/14 12:39:15?

5) In your answer to my first question you mentioned that returned tokens are not destroyed but can be sold again. To which price are they sold again (and to whom)?


Oh i see, sorry, let me explain further.

1) Lets say the bankroll is created and has a total of 10000ETH. After 12 weeks it has 11000 ETH. 1000 ETH are distributed and the bankroll ist back to 10000 ETH. 12 weeks later the bankroll has 9500 ETH. That is, no win and no distribution, but also no refill. 12 weeks later the bankrall has 9800 ETH. 300 ETH are not distributed. There is only a distribution at > 10000ETH.

2) Sports betting (for the moment) is probably the lowest on our priority list. However, we would probably do something like so; at the time of paying winners we would pay them -x% of their winnings. Ensuring the house always realises a gain. I want to make this clear. Sports betting is something that is on the back burner for now. We are more interested in dice games, card games, roulette. However, sports betting seems like a nice fit as well. In all honesty, we would not be looking to implement sports betting until we have roulette, dice-game variations, baccarat complete.

4) Our dice game is like a roulette wheel. All players are playing against the same result. Only 1 result is returned for all players in that round. Once that results is returned, a new round begins. Our betting rounds will complete within 5 seconds towards the end of the year with the Serenity release of Ethereum and 1 second block times, allowing us to handle 100s of thousands of bets per day.

4) When a token holder returns their tokens to etheroll, they are essentially being refunded their initial investment (80%), as 20% is used by etheroll to fund continued development, marketing and so-forth.

Does this clear things up for you? Let me know, happy to discuss.

Cheers,
James




Thanks again, for your answers.

1) Ok, so the bankroll can neither shrink nor grow in the long term. But wouldn't it be nice, to allow the bankroll to grow? The larger the bankroll the larger the maximum possible win. And the maximum possible win is an attraction factor. So, wouldn't it be a good idea to allow to reinvest the distributions by making them optional?

2) Let's regard an example: There's a soccer game, let's say Germany vs. France. Someone wants to bet 10 ETH with ehteroll that Germany wins. What would he get if Germany wins?

4) Again, lets regard an example. Someone plays roulette in round 12345. In order to determine whether or not he wins, you need a random number. This number stems from random.org. But random.org continuously produces random numbers. Which of these numbers is the number that determines the result of round 12345.

5) Again, let's regard an example: The bankroll is 10000 ETH and there are 9000 Tokens out there. An investor divests 100 Tokens. Therefore he receives 111 ETH. In return the etheroll smart contract now has 9889 ETH and 100 tokens. You said that these 100 tokens can be sold again. Let's further assume, after some time the bankroll is 11000 ETH and the 100 tokens are still for sale. Am I eligible to buy them? If so, how much would I have to pay for these 100 tokens?
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June 16, 2016, 11:54:35 AM
 #12

Hm, no reply for two days.. ?
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February 13, 2017, 07:07:23 PM
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is this the same project?

http://crowdfund.etheroll.com/

If so, what happened in since last summer?
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March 10, 2017, 11:29:21 PM
 #14

is this the same project?

http://crowdfund.etheroll.com/

If so, what happened in since last summer?

i wonder the same :/

RXC Crypto.ba Decentralized solutions!
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April 13, 2017, 05:28:15 PM
 #15

is this the same project?

http://crowdfund.etheroll.com/

If so, what happened in since last summer?

i wonder the same :/


It is the same project, the crowdfund has ended weeks ago. The developer sent out frequent updates via the email subscriber list as well as to posting to the etheroll Reddit. Currently the live date is set for 4/17 so definitely exciting times for all those who were fortunate enough to invest, especially considering the skyrocketing price of ETH. https://www.reddit.com/r/etheroll/comments/652e1a/development_update_security_audit_results_live/



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April 20, 2017, 08:01:44 PM
 #16

When will exchange be available???
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April 21, 2017, 04:53:22 AM
 #17

may 15 i believe
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April 21, 2017, 04:43:55 PM
 #18

may 15 i believe

Thanks, seems like tokens are blocked until may 15th yes.
Etherdelta already listed DICE buy no tokens are available until 15th may.
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