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Author Topic: [ANN] Billionaire Token - Games on the Blockchain! 🔥 Deflationary Algorithm  (Read 50377 times)
gluedog
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August 04, 2017, 09:32:01 PM
 #1

Billionaire Token - The world's first low supply, super-deflationary, gambling-oriented Ethereum ERC-20 Token
Powered by Smart Contracts

Migrating to the EOS blockchain in Summer 2018

Trading on Cryptopia.
Trading on EtherDelta.
Trading on Coinexchange.




Useful links:

-
--
----
------
--------

Play the official Become a Billionaire decentralized Raffle and Burner v1.0:
https://BillionaireToken.com/Raffle
-
Website:
https://BillionaireToken.com
-
Frequently Asked Questions:
https://BillionaireToken.com/faq
-
Whitepaper:
https://BillionaireToken.com/WhitePaper.pdf
-
Github:
https://github.com/BillionaireToken/TokenCore
-
Twitter:
https://Twitter.com/BillionaireTkn
-
Reddit:
https://www.reddit.com/r/BillionaireTkn/
-
Explorer:
https://etherscan.io/token/0x49aec0752e68d0282db544c677f6ba407ba17ed7
-
Raffle and Burner Guide:
https://billionairetoken.com/RaffleTest.pdf
-
MyEtherWallet burning guide:
https://BillionaireToken.com/MyEtherWalletBurn.pdf
-
MyEtherWallet creation guide:
https://BillionaireToken.com/MyEtherWalletCreation.pdf
-
Slack Group
Sign up
-
Telegram Group
https://t.me/BillionaireToken
-
Hillbilly ANN:
https://BitcoinTalk.org/index.php?topic=2182856
---------------------------------

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-------
-----
----
---
--
-


The Billionaire Token project


Dear cryptoheads, we have a big announcement to make: starting in August 2017, each one of you will have the chance to become a Billionaire*, and it really doesn't matter wether you are a swift hand crypto gambler or a patient long term investor. This may sound like one of those annoying pop-ups you were furiously closing back in the day, but we're now in 2018, and even though there are still no flying cars around, Blockchain Technology has radically changed the way we think about money, "internet money" to be more precise.

We're talking about Billionaire Token (XBL), an ETHEREUM ERC-20 token, designed and tailored specifically for the gamblers and the smart investors of this crazy crypto world. Most other coins or tokens have some sort of mining system, but Billionaire Token has the exact opposite: It features a deflationary mechanism that destroys some XBL tokens each week via a decentralized raffle. In addition to this, another Smart Contract - the Burner - that works kind of like a twisted Faucet, rewarding people for burning their own coins, further increases the deflation. This is what initially provides intrinsic value to the token and differentiates it from the competition. The Raffle and Burner are playable at this very moment, but this is just the beginning since we have an up-coming Billionaire Cee-Lo DICE game and a Poker Platform that will run on the EOS blockchain.

Even if you're not the gambling type, we think that long-view investors will see the value of Billionaire Token. The gambling industry is one of the most profitable environments for a business nowadays, and there is much the Gambling industry can learn from Crypto Currencies.

But you can't make it in the gambling industry without having a top-notch product.

So what exactly does Billionaire Token offer that is new and exciting?



Q: How is the Billionaire Hold'em poker game going to work?

A: Billionaire Hold'em will be a piece of open-source software (a game) running on the Ethereum Network. A classic Texas Hold'em Poker game with a twist - users will be using XBL tokens as the in-game currency. Security and trust has always been a problem in the on-line poker scene. All the big poker platforms are centralized and thus susceptible to hacks, and funds being lost or games being rigged - as the centralized entities have control over the randomness of the whole card dealing and so anyone that has access to their servers could manipulate the games.

The Billionaire Hold'em poker platform will be decentralized and thus users will not be in danger of their funds being lost or the games being rigged because, no single entity will have control over the outcome of the game. We will be seeding our random number generator via an Ethereum Smart Contract - The seed will become public knowledge once the game is over. Since this seed can be sniffed over the network via a man in the middle attack (and thus people will be able to cheat at the poker game) we will combine this with an internally-generated number, one that will also be made public once the game is over. This will make every Billionaire Hold'em poker match 100% fair and auditable.



Q: What are the coin specifications?

A:


Q: What about the premine ? How will you prove that half will be used for bounties and advertising campaigns?

A: Half of the 8.5% XBL tokens, the bounty funds, were initially located at ethereum address 0x23EA016b4EBA78dFC374E99b2F6793f8d2dB3ff1, no funds left there without justification. The whole process was made as transparent and fair as possible. The bounty campaign has now closed as we have succesfully given out all of the rewards. Everything including the lamborghini bounty has been claimed. More information on the Bounty Campaign can be found below.
The rest of the premine (4.25%) is property of Billionaire Token team - we believe that having a stake in the project will align our interests with those of the other token holders and will increase the projects' chances of success.


Q: Ok this looks great, but why choose an ethereum token? Why not a regular coin with its own blockchain?

A: Running the Billionaire Token on the Ethereum network instead of having our own blockchain is better suited for our goals (deploying and running the decentralized raffle is much simpler on a smart contract platform). Also it makes the whole experience a lot more user friendly. Instead of having to download a whole new wallet and the subsequent blockchain, Billionaire Tokens will be usable with any Ethereum Wallet capable of calling functions on smart contracts. Popular wallet choices include MyEtherWallet or Mist


Billionaire Token roadmap (2017-2018):




A coin's value is determined by supply and demand - we think that we have the perfect plan solve both of the following issues, that will in turn have the effect of increasing the value of each token:

1: Reduce supply - The deflationary mechanism takes care of this, depending on how much usage the Raffle and Burner and other games (that will also be burning coins) get, the already-low supply of ~3 million will permanently be reducing.
2: Increase demand - Apart from the benefits of the speculative aspects of owning Billionaire Token, people will be able to do super fun stuff with it - play the weekly "Become a Billionaire" raffle and the "Billionaire Hold'em" poker game. And then they can always burn their own coins.

Shortly after the Token Sale, the "Become a Billionaire" decentralized raffle Smart Contracts were deployed on the Ethereum Network. The code has passed through a series of peer-reviews and security audits before being deployed. All information has been made public knowledge in our quest to be as transparent as possible.

-
--
----

Exchanges

We are already trading on Cryptopia and Coinexchange. We are also looking forward to listing on BitShares and 0x very soon.

After the "Billionaire Hold'em" poker game is released we will be aiming higher, and although exchanges like Bittrex and Poloniex are usually more difficult to get in, we are very optimistic that after we will have a solid foothold in the crypto-gambling industry, such exchanges will be more than happy to welcome us.

----
--
-


Q: What are the bounties?

A: The Bounty Campaign was available for a limited time and it ended on 27-August-2017. So wrap it up folks, the bounty thread is nothing more than a hall of fame.

To find out more, please visit our bounty and rewards thread:
https://bitcointalk.org/index.php?topic=2067236




This campaign was part of our original token distribution plan. People who provided their services to us will became early adopters of Billionaire Token.


---------------------------
------
----
--
-

I am Gluedog, lead developer and coordinator of the Billionaire Token project. I will be here to gladly answer any of your questions.

---

Thank you for your time,
Gluedog and The Billionaire Token team
because money really is everything

---

*Everyone who owns Billionaire Tokens is considered a Billionaire.



Billionaire Token - Are you burning to play?
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August 04, 2017, 09:45:14 PM
 #2

Very, very interesting indeed.  Website design is stellar. 

Using steemit as a way to gain traction for an ICO is something that should not be overlooked.  Great ideas here.  
I'll be doing a Steemit write up for an introduction into what XBL is, and what it offers.

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August 04, 2017, 10:17:15 PM
 #3

I like the idea of bounty #3.  Grin
And by the way, nice layout for the website.
Since it has low supply and the dev seems to be pretty serious with this project, this might be valuable in the future.
Though I'm not a gambler, let's see how I can participate on this project.
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August 04, 2017, 11:21:39 PM
 #4

Wow, this one is very cool!! Really interested. The idea is very unique too. I will definitely keep this project on my list!

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August 04, 2017, 11:57:32 PM
 #5

I like the idea of bounty #3.  Grin
And by the way, nice layout for the website.
Since it has low supply and the dev seems to be pretty serious with this project, this might be valuable in the future.
Though I'm not a gambler, let's see how I can participate on this project.


Thank you,

I suggest that you subscribe to our mailing list on https://BillionaireToken.com/ico so that you will get first-hand notice on any updates about the Token Sale date.


Billionaire Token - Are you burning to play?
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August 05, 2017, 01:21:00 AM
 #6

this could be the start of many new ideas... i certainly will be watching the developments closely
all my best, Dev
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August 05, 2017, 02:17:18 AM
 #7

It seems quite interesting, so we are considering contributions to translation and blogging.
However, there are already a lot of such projects already, but where is the advantage superior to any of them?

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August 05, 2017, 03:39:39 AM
 #8

I do not understand why should someone invest in this token. I mean come on, it is just one lucky person who will win the raffle at  the end of each week. What are the odds of u winning it...Huh 0.000005%?!?!?!!. It is great for the winner but bad for losers(which is the majority). Kthxbye.

 
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August 05, 2017, 06:03:55 AM
 #9

Looks a good ICO although it is new and i got an attention because of its Name "Billionaire" ,but its lack of informations thou.  I am slightly got disappointed .
I want to say that a good promotion or advertisements that can boost this ICO awareness is much preferred .

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August 05, 2017, 07:10:16 AM
 #10

Gambling again, I did not find a whitepaper in this thread nor on your website.
But I have subscribed to your newsletter to get updated information from your project.
Waiting for announcement.

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August 05, 2017, 07:30:59 AM
 #11

Gambling again, I did not find a whitepaper in this thread nor on your website.
But I have subscribed to your newsletter to get updated information from your project.
Waiting for announcement.

Q: When will the Whitepaper be released?

A: Before the actual ICO starts, we plan on releasing a Whitepaper that will explain in detail the intricate workings of our project and software.

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August 05, 2017, 08:45:38 AM
 #12

Giveaway threads are not allowed

Most giveaway threads are no longer allowed in the Alternate cryptocurrencies sections. From now on, posting or replying to such threads could result in being banned. Existing threads will be locked.


Thanks for the pointer.
We have deleted the section about Bounties from our announcement thread and will update once we are done migrating to a new one.


I do not understand why should someone invest in this token. I mean come on, it is just one lucky person who will win the raffle at  the end of each week. What are the odds of u winning it...Huh 0.000005%?!?!?!!. It is great for the winner but bad for losers(which is the majority). Kthxbye.

The chances of winning the raffle depend on how many people actually register to the raffle that week.

For example: If there are 100 tickets bought for the raffle, and you have three of those tickets - then your chance of winning is 3%.

Investing in this token, I believe, is attractive because of three main reasons:

1. Potential of an extremely small supply (10% tokens in the raffle are burned, bounty tokens will be burned on 5 September 2017 or possibly sooner, and on top of this, all of the unsold tokens from the crowdsale account will be burned after the ICO)
2. The weekly raffles!
3. The "Billionaire Hold'em" poker game!


Looks a good ICO although it is new and i got an attention because of its Name "Billionaire" ,but its lack of informations thou.  I am slightly got disappointed .
I want to say that a good promotion or advertisements that can boost this ICO awareness is much preferred .

I am here to answer any of your questions.
We are also planning to release a Whitepaper before our Token Sale.

What would you like to know more of the Billionaire Token project?


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August 05, 2017, 10:19:35 AM
 #13

This is definitely a unique concept in regards to the amalgamation of raffles and poker. 100% going to invest in this ico
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August 05, 2017, 12:31:42 PM
 #14

Hello everyone,

Just to let you know: The current token distribution model is being reworked. We believe the initial one we had in mind would be unfair for some people that do not get in the first 5 hours of the Token Sale.
The new distribution model will consist of several time windows, spread out over a period of 31 days, with an equal-bonus opportunity for everyone - also, we will have a special, 24-hour long special bonus where the more people buy in that timeframe, the more tokens everyone gets at the very end!

Thank you,
Gluedog


Billionaire Token - Are you burning to play?
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August 05, 2017, 12:46:32 PM
 #15

Is that casino has any relationship with Trumpcoin I read a line Trump favorite casino in about section on your official website. How to find information team members who is going to launch this project.

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August 05, 2017, 04:13:47 PM
 #16

I'm having trouble understanding the raffle can you please explain to me?  Tia
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August 05, 2017, 04:57:28 PM
 #17

I'm having trouble understanding the raffle can you please explain to me?  Tia

Hey Rule, how many miners does it take to change a light bulb? 10 million, 1 to change the light bulb and 9,999,999  making pointless calculations to determine who gets it.
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August 05, 2017, 04:58:54 PM
 #18

There are a lot of gambling-oriented projects by now. How is this one different?

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August 05, 2017, 05:07:48 PM
 #19

There are a lot of gambling-oriented projects by now. How is this one different?

The thing that makes Billionaire Token different is, simply put: it's made to be burned, and it's going to be fun!

1. The weekly decentralized Raffle will destroy 10% of the tokens that are sent to it.
2. The burner will destroy another 20% of the tokens that are sent to the Raffle.
3. After the Token Sale, whatever is not sold is destroyed.
4. On 05-sep-2017, or possibly sooner we will burn whatever is left in the bounty address, minus the 50k for the lambo bounty.
5. Anyone can burn their own tokens.


Billionaire Token - Are you burning to play?
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August 05, 2017, 05:53:21 PM
 #20

There are a lot of gambling-oriented projects by now. How is this one different?

The thing that makes Billionaire Token different is, simply put: it's made to be burned!

1. The weekly raffle will destroy 10% of the tokens that are sent to it.
2. After the Token Sale, whatever is not sold is destroyed.
3. On 05-sep-2017 we will burn whatever is left in the bounty address.
4. Anyone can burn their own tokens.

Add all of these on top of a coin with a maximum of 3,333,333 coins and a usage, and you'll realize it all then boils down to having an even distribution, to make the token valuable.

What's the incentive for someone to burn his or her own tokens?

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