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Author Topic: [ANN] CoinBlock - Provably fair open source decentralized gaming platform  (Read 595 times)
joey.rich
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November 10, 2016, 06:53:28 PM
Last edit: November 14, 2016, 01:05:30 PM by joey.rich
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EmpireCoin is a colored coin blockchain game built on the CoinBlock platform & running on the Litecoin blockchain.  This game marks the launch on the CoinBlock colored coin gaming platform.

We are targeting 50 players for this game, therefore each bitcointalk forum member is invited to buy in for up to 0.1 BTC.

Once the target of 5 BTC is reached, the genesis transaction will be published on the Litecoin blockchain, creating 5000 empirecoins.  From this 5000 empirecoins, 100 empirecoins will be sent to the litecoin address of each of the 50 members who bought into the game.  At this point, the game will commence and players will begin casting their votes & winning new empirecoins.  Players can vote after every 10 litecoin blocks by moving empirecoins between their litecoin addresses.  After 450 rounds (4500 litecoin blocks or approximately 7 days), the game will end.  By this time, the supply of empirecoins will have increased from 5000 empirecoins to approximately 440,000 empirecoins due to the winnings being paid out to the players.  At this point, the bitcoins raised will be used to buy back empirecoins from the players.

Expenditure of funds
1 BTC - Converted to Litecoins which are colored in the genesis transaction and then sent to players
4 BTC - Held in escrow until the game is over and then used to buy back empirecoins from the players.

Game Rules
1. One event is concluded every 10 litecoin blocks.
2. Players may vote for the following empires in each event:
China, USA, India, Brazil, Indonesia, Japan, Russia, Germany
3. The non-disqualified empire with the greatest number of votes, wins.
4. In case of a tie, the empire with the lowest ID number wins.
5. Any empire with greater than 30% of the votes is disqualified from winning the event.
6. Votes are defined as "coin rounds" times the vote effectiveness factor of the block that the transaction is confirmed in.  Defining votes as "coin rounds" means that at the end of each round, players are credited for 1 vote for each empirecoin that they possess.
7. Vote effectiveness decreases linearly through the round.  For example, votes confirmed in the first block of the round count for 100%, votes confirmed in the 2nd block count for 88.88%, votes confirmed in the 9th block count for 11.11% and votes confirmed in the final (10th) block of the round do not count at all.

How to Play
This game is designed to encourage users to set automated voting strategies.  Players can write scripts which codify their voting strategy, rather than manually voting each time.  Cooperating with other players is also a good strategy based on the rules of this game.  Therefore the hope is that "voting pools" form in which different groups of players collaborate and vote together against competing groups.

For more information on this concept, please read the CoinBlock whitepaper, visit CoinBlock.org, read our CoinBlock thread or check out CoinBlock on github.

To buy in, please send me a PM with your litecoin address and I will send you a bitcoin address where you can send your 0.1 BTC.  There is also an EmpireCoin Testnet game running, I can send a few testnet empirecoins to your litecoin address for free so that you can try it out without risking any money.

-Joey Rich
Founder, CoinBlock
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November 11, 2016, 07:56:37 AM
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discreet  Roll Eyes
joey.rich
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April 09, 2019, 06:02:02 PM
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CoinBlock has rebranded to PolyCash (https://poly.cash)

Please check out my latest post for more information.
BitcoinTalk: Seeking investors and users to launch dollar and BTC backed betting currencies
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