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Author Topic: ⚜️⚜️⚜️⚜️ Edgeless EDG Platform is already open (Try now!) ⚜️⚜️⚜️⚜️  (Read 354194 times)
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February 26, 2017, 04:07:10 PM
 #541

Generous bounty for participants. What are the different milestones?

Quote
Milestone 1 reached - 20% of the bounty is paid instantly following ICO, 80% paid together with a Black Jack launch
Milestone 2 reached - 40% bounty is paid instantly following ICO, 60% paid together with a Black Jack launch
Milestone 3 reached - 60% bounty is paid instantly following ICO, 40% paid together with a Black Jack launch
Milestone 4 reached - 100% bounty is paid instantly following ICO
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February 26, 2017, 04:10:31 PM
 #542

to be honest: without a real (and well known) escrow I am not capable to invest a lot. I think there are a lot of people thinking the same. I also know that its not difficult for such a  project to get a honest and well known escrow. there are even some for free at this forum. I think this is a big mistake and will have  a big effect on the funding results. after many scams even with escrows I have learned to invest large amounts only with well known escrows.
I think this project has a lot of potential and I really want to invest more.

Thing is that a crowdsale is guided by an automatic Ethereum Smart Contract which enables conditions where it works as an escrow too. That's one of the reasons why ethereum is so popular.

Ethereum Smart Contract automatically distributes tokens, lock tokens, do all investment protection and more - also people (including dev. team) CANT influence a smart contract because it's on a blockchain. Principle is the same as a bitcoin transaction - if it get's approval - transaction is successful and you cannot change it.

Exactly same method was used by other famous ETH projects such as Golem and Melonport. All investment process was super smooth and successful. Also both projects got funded in first 15 mins. And it's because people trust ethereum smart contracts a lot.

Since our all casino/ casino financial operations are purely based on Ethereum Smart Contract, it would be hypocritical/ controversial for us to run an ICO without smart contracts.

Also we hired a 3rd party auditor to do intense security check on a contract, we have a contract kill-switch with a multi-sig wallet and many more security measures. Also today our auditor will post an official blog and confirm that everything what we mentioned in a whitepaper actually is in a smart contract.

main features of contracts:

- it has own escrow, during an ICO no-one can't touch ETH
- contract on real time sends EDG tokens for your ETH
- unsold EDG tokens are automatically burned
- if minimum goal is not reached, all ETH is returned to investors
- EDG tokens become immediately tradable after an ICO

Contacts can be found here: https://github.com/EdgelessCasino/Smart-Contracts
I understand your points but
1. I am not familiar with the ethereum smart contract language and therefore cant verify your statements. Who is the auditor?
2. The smart contract just protect a scam during ICO. There is no guarantee that you will scam us the first day after ICO and the tokens will be worthless even if tradeable. Thats why good organised escrow funds are released when specific product milestones are reached. I am really surprised that projects like golem didnt have such a escrow and iconomi invested in it without escrow. this is still wild west investing and people will get punished for it I am sure

I think this is a very serious project with a good business case and team. I will also invest <1 BTC but cant invest more. You have to know that smart money dont invest like wild west style

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February 26, 2017, 04:26:57 PM
 #543

There is a mistake in the whitepaper page 19:

"If the crowdsale does not reach its capital goal of 50000 EHT ", this should mean ETH , right ? 

So the team is looking for minimum of $650,000 looking at the present Ether price. I think they should be able to hit the target but will that be enough for the platform.

Yeap thats an unbearable amount for another eth related token. They should look at something well under 10 USD, that would be quite achievable. If u lower ur target cap down to 6 dollars someone might want to invest. Vagabonds, retired folks and student dishwashers are ur potential clients.

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February 26, 2017, 04:29:10 PM
 #544

to be honest: without a real (and well known) escrow I am not capable to invest a lot. I think there are a lot of people thinking the same. I also know that its not difficult for such a  project to get a honest and well known escrow. there are even some for free at this forum. I think this is a big mistake and will have  a big effect on the funding results. after many scams even with escrows I have learned to invest large amounts only with well known escrows.
I think this project has a lot of potential and I really want to invest more.

Thing is that a crowdsale is guided by an automatic Ethereum Smart Contract which enables conditions where it works as an escrow too. That's one of the reasons why ethereum is so popular.

Ethereum Smart Contract automatically distributes tokens, lock tokens, do all investment protection and more - also people (including dev. team) CANT influence a smart contract because it's on a blockchain. Principle is the same as a bitcoin transaction - if it get's approval - transaction is successful and you cannot change it.

Exactly same method was used by other famous ETH projects such as Golem and Melonport. All investment process was super smooth and successful. Also both projects got funded in first 15 mins. And it's because people trust ethereum smart contracts a lot.

Since our all casino/ casino financial operations are purely based on Ethereum Smart Contract, it would be hypocritical/ controversial for us to run an ICO without smart contracts.

Also we hired a 3rd party auditor to do intense security check on a contract, we have a contract kill-switch with a multi-sig wallet and many more security measures. Also today our auditor will post an official blog and confirm that everything what we mentioned in a whitepaper actually is in a smart contract.

main features of contracts:

- it has own escrow, during an ICO no-one can't touch ETH
- contract on real time sends EDG tokens for your ETH
- unsold EDG tokens are automatically burned
- if minimum goal is not reached, all ETH is returned to investors
- EDG tokens become immediately tradable after an ICO

Contacts can be found here: https://github.com/EdgelessCasino/Smart-Contracts
I understand your points but
1. I am not familiar with the ethereum smart contract language and therefore cant verify your statements. Who is the auditor?
2. The smart contract just project a scam during ICO. There is no guarantee that you will scam us the first day after ICO and the tokens will be worthless even if tradeable. Thats why good organised escrow funds are released when specific product milestones are reached. I am really surprised that projects like golem didnt have such a escrow and iconomi invested in it without escrow. this is still wild west investing and people will get punished for it I am sure

Mikko Ohtamaa - First's Bloods IT advisor. We will share his official audit on our channels once he will publish it (it will be today), because contract final version is already uploaded on a github.

Reason why iconomi invested in a golem without an escrow: it's just a simple game theory/ human psychology. Golem guys are already on blockchain community for a while. Technically blockchain is their topic of chitchat/ topic of real talks/ religion and direction of life in general. They raised couple of million.

Now they have 2 options:

1) Run a way with ETH. But team would sacrifice their long-term reputation, blockchain knowledge, life direction, self-development opportunities. Technically blockchain doors would be closed to them. That means cost/ opportunity cost is extremely high of this option. Also 3000 hunder people funded them. Decent part of these investors know computers really well. They can easily hack systems and find where these guys are located.

2) Use ETH and develop something awesome: increased reputation, you become a role model in a blockchain community/ get approval, your project attracts more and more high status/ wealthy people who showed an interested. It gets even more funding. Also functioning project can make you 1000x more rich than cheesy scam.

In this particular scenario, chosing an option 1 is just a pure stupidity. Opportunity cost is way too high. Since blockchain community members are capable of logical thinking/ are already way more knowledgeable than rest of the population there is super high chance they would go with an option 2 and discard option 1.

Value creation is always better for all stakeholders including yourself than scam attempts. Especially in a field such a blockchain which is like internet 30 years ago. And we are glad to be in exact time where all real action happens.

Game theory is a really awesome thing. Thanks to John Nash. https://en.wikipedia.org/wiki/Cooperative_game_theory

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February 26, 2017, 04:32:51 PM
 #545

Please support "EDGELESS CASINO on Thunderclap guys
https://www.thunderclap.it/projects/53522-edgeless-casino-crowdsale
log in with your social media account and share on twitter, facebook and tumblr.

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February 26, 2017, 04:40:37 PM
 #546

I wanna ask a question, can people invest in the house? Like some dice sites, people can invest in house. One more, who are escrows of the project?

Yes, that's a fascinating thing Wink With a smart contract it would be extremely awesome. We have plans for this in 2017 too!

But before that we need to make sure that our games run flawlessly and then implement investment option.


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February 26, 2017, 04:47:12 PM
 #547

hai dev i would like to ask for an explanation of Edgeles lounge
whether Edgeles lounge it apart from ICO?

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February 26, 2017, 04:50:45 PM
 #548

hai dev i would like to ask for an explanation of Edgeles lounge
whether Edgeles lounge it apart from ICO?

join on slack here https://edgelessethcasino.signup.team/
or you can sent a pm to Edgeles.

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February 26, 2017, 04:51:06 PM
 #549

hai dev i would like to ask for an explanation of Edgeles lounge
whether Edgeles lounge it apart from ICO?

Each month, 40% of casino profits are automatically (using a smart contract) transferred to an Edgeless Lounge Lottery prize pool.

EDG token holders can easily participate in a lottery and win a share of casino profits.

EDG tokens cannot be lost, they are used for participation and returned to players.

Everyone wins a share of lottery's prize pool. Your prize depends on your EDG token proportion to other participants in a lottery.

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February 26, 2017, 04:51:30 PM
 #550

I hope that this is a good long term investment and not just a pump and dump kind of thing.
The project is serious, but also the idea is interesting, it can be the best coin of the year  Cool Cool
I think that the coin of the year is unlikely to be. will be very good if gather a vDice

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February 26, 2017, 04:57:27 PM
 #551

Yeah, interested with Edgeless project! Now i participated in signature + avatar campaign

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           ▐▓▓▓▀▓▓▓▌                ║
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         ┌█▓▓█▓▄▓█▓█▄▓▄█▌
         ▀▀▀▀`       "▀▀
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February 26, 2017, 05:26:26 PM
 #552

3RD PARTY CONTACT AUDIT IS OFFICIALLY PUBLISHED!

https://tokenmarket.net/blog/edgless-ico-smart-contract-security-audit/

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February 26, 2017, 05:48:08 PM
 #553

Milestone is supposed to be when you deliver something useful as in release the tokens, start exchange, release casino blackjack, dice, sportsbetting, bingo, lottery, etc.

Not milestone when you release a certain amount of ETH.
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February 26, 2017, 07:03:18 PM
 #554

Hello guys!

2 days are left till an ICO.

During last 3 month we received a lot of questions from you. Now we decided to combine all your questions into an ultimate FAQ article: https://medium.com/edgeless/ultimate-edgeless-faq-22081ae768aa#.pg7fygyav

That's almost like a mini-whitepaper


Some other updates:


Contracts are live: https://github.com/EdgelessCasino/White_paper/blob/master/White_Paper.pdf
Ivestment tutorial is released: https://edgeless.io/en/crowdsale

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February 26, 2017, 07:28:26 PM
 #555

Ethereum keeps rising in price.  Could this be the Edgeless ICO effect? 

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February 26, 2017, 07:48:57 PM
 #556

Ethereum keeps rising in price.  Could this be the Edgeless ICO effect?  

Not so much. EDG investors expect return which is way much higher than 100% or 200%. Recent ETH change would not make much impact, it's too insignificant. Also we do not predict drastic ETH change before an ICO start or in upcoming couple of days.

p.s keep in mind that crypto market is a little bit unpredictable and more dynamic. Don't take our forecast as a fact.


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February 26, 2017, 08:36:45 PM
 #557

My Facebook shares aren't showing up on the bounty stats.  The likes and comments are working fine.  Whats wrong?

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February 26, 2017, 11:31:54 PM
 #558

My Facebook shares aren't showing up on the bounty stats.  The likes and comments are working fine.  Whats wrong?
try clear your browser cache and login agaim to bounty portal.


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February 26, 2017, 11:37:28 PM
 #559

edgeless seems like centralized. not decentralized



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February 27, 2017, 01:07:27 AM
 #560

I like casino, I like casino bonus, I like gambling, that is why I join your signature campaign, what is the ticker of edgeless in the future? How about EDG? Or EGL?
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