[ANN] Billionaire Token - Games on the Blockchain! 🔥 Deflationary Algorithm

[fishfishfish313]

function setTicketPrice(uint256 _ticket_price) onlyOwner
    {
           /*   Only the owner may or may not be able to change ticket price.  */
          /*   Should this be put to a vote?                                          */
         /*   Should the ticket price always be fixed?                       */
        /*   We can always update the Raffle.                               */
        ticket_price = _ticket_price;
    }

IMO, the ticket price should be put to a vote.

Okay, I have created a voting thread: https://bitcointalk.org/index.php?topic=2167911.0

Everyone who wants to have a say on the price of a Ticket for the Raffle now has the option of voting for it:)

Found the thread this morning.  I agree, a vote would be great. Many of us here are investors in the project.  Allowing the community to have a voice is very important imo.

[gluedog]

I would also like to give a little bit more information about the Raffle, because many people are still unsure how exactly it works and why it will be successful.

Basically, the Raffle works in the following way: Users must first call approve() on the XBL Contract Address allowing the Raffle to spend tokens on their behalf.
After this, users must call the registerTickets() function on the Raffle Contract Address with the number of tickets they want to register as an argument.

Example:

Code:

    
function approve(address _spender, uint256 _amount) returns (bool success) 

The user will first call approve(RAFFLE_ADDRESS, 20000000000000000000) on the XBL Contract Address. They have just approved the Raffle to spend 20 XBL (+18 zeroes) on their behalf.

Code:

function registerTickets(uint256 number_of_tickets) returns (int8 registerTickets_STATUS)

Assuming the price of one ticket is 20, then the user must call registerTickets(20) on the Raffle Contract Address.

Now you're in. You've just registered a ticket to the raffle. You have the chance to become the grand winner!

All of this is easy for a cryptohead but might seem just a tad bit complicated for your average gambler.

We will be aiming to go mainstream with Billionaire Token and as such we will develop a GUI to be used in conjunction with the Raffle and the Burner .
This GUI will use Metamask and will be usable through our website initially. We will also be looking into developing stand-alone clients.

Basically, people will play the Raffle, play with the Burner, play Poker and not even know they're on a blockchain.
It will be gambling for the masses with all the benefits that crypto currencies and blockchain technology brings: accountability, traceability and security.

[kronos123]

I voted for 10 XBL
But I also believe the team and dev have to concentrate, develop and market marketing on Billionaire's true value: the gaming table, poker, BJ, etc.
I'm not sure Raffle will be well-watched ..... players want to play poker or Bj, not a raffle.

[fishfishfish313]

I voted for 10 as well.  Was leaning to 20 XBL at first, but I think that a smaller number is better for all holders of the token.  And from what I see, it doesn't take any more effort on the part of the user to get additional tickets.

[gluedog]

I have updated the python script used to calculate the amount of XBL associated with each ICO purchase:

https://github.com/billionairetoken/TokenCore/blob/master/price.py

Updated to version 0.2.
This version uses the Coinmarketcap API to grab the prices, so we don't have to hardcode them.

[Champion123]

Anyway, another concern is the fact that if someone buys in more than 15% of the tokens, you will have a problem with the distribution system as you said so yourself. The buy limit however does not resolve this problem. In the banking world, it would. But in the crypto world, all you need is an address to get the money. And in your case, an address + an email. You think an individual cannot create tens of addresses & emails and buy a lot of coins for himself under different aliases? If that happens, once the ICO is over, you will have an incredible pump/dump situation in your hands.

An ETH address + an email + a new IP. Also the IP can't be on any proxylist or known VPN IP classes.

If someone does indeed bypass all these measures, and manages to buy more than 10-15% of the whole supply, and a pump & dump occurs - I am still extremely bullish on Billionaire Token. A pump & dump won't hurt the coin in the long run. No. Just short-term it will affect it, but I am very optimistic nonetheless even if such an incident occurs. We have so many small buyers now that I consider the distribution to be successful already.

The only thing that can harm this project is if the entire crypto market bubble pops and Bitcoin goes to $1000 or less and everything is dead.

Again, constructive criticism Another question: in the long run, how is token purchasing going to work for the normal people, the gamblers? They certainly won't like going to exchanges and trading in their interfaces. Can it be done technically that the users can buy the tokens within the software GUI? Like all other gambling software that you can buy chips/tokens with real money within the app. But since the token distribution is decentralized, whenever a user presses the buy button, he automatically buys the amount he needs from the trader with the lowest ask. What do you think?

P.S. How do you vote on your other thread? I can't find the voting button.

[fishfishfish313]

Champion123 there should be an area directly on the poll to choose and then you will see the results.  Or, you can just hit the view results button.  Not sure if that is exactly what they are called lol, but it should be right there on the poll itself at the top of the page.

[Champion123]

Champion123 there should be an area directly on the poll to choose and then you will see the results.  Or, you can just hit the view results button.  Not sure if that is exactly what they are called lol, but it should be right there on the poll itself at the top of the page.

There isn't any that's why I am asking. I can only view the results immediately without hitting any buttons, not vote. Maybe forum restriction because I'm a new member?

[eggsandspamm]

Hey so do you have any plans to add things like decentralized sports books with all house money being burned etc ? Just another idea for a deflationary concept

[fishfishfish313]

Champion123 there should be an area directly on the poll to choose and then you will see the results.  Or, you can just hit the view results button.  Not sure if that is exactly what they are called lol, but it should be right there on the poll itself at the top of the page.

There isn't any that's why I am asking. I can only view the results immediately without hitting any buttons, not vote. Maybe forum restriction because I'm a new member?

Yea, I am betting that is the reason why.  Otherwise, a person could create a bunch of accounts for the purposes of swinging a vote their way.  Start posting and get out of that newbie status  

[Champion123]

Champion123 there should be an area directly on the poll to choose and then you will see the results.  Or, you can just hit the view results button.  Not sure if that is exactly what they are called lol, but it should be right there on the poll itself at the top of the page.

There isn't any that's why I am asking. I can only view the results immediately without hitting any buttons, not vote. Maybe forum restriction because I'm a new member?

Yea, I am betting that is the reason why.  Otherwise, a person could create a bunch of accounts for the purposes of swinging a vote their way.  Start posting and get out of that newbie status  

I don't really care about the newbie status, I am only interested in reading a few ICO threads and investing as I don't have a lot of time in my hands to start posting in mass here.

[Energy_girl]

Which exchanges would you be listed on?

[gluedog]

Again, constructive criticism Another question: in the long run, how is token purchasing going to work for the normal people, the gamblers? They certainly won't like going to exchanges and trading in their interfaces. Can it be done technically that the users can buy the tokens within the software GUI? Like all other gambling software that you can buy chips/tokens with real money within the app. But since the token distribution is decentralized, whenever a user presses the buy button, he automatically buys the amount he needs from the trader with the lowest ask. What do you think?

P.S. How do you vote on your other thread? I can't find the voting button.

We would ideally want to have a system in place where people can just use their credit card, buy XBL tokens and just play. Without even knowing they're on a blockchain or that they are using cryptocurrencies.

Behind the scenes, a script would go on exchanges, buy XBL for the cheapest available price, and send it to the user's wallet.

Bringing crypto-gambling to the masses means bringing this sort of technology to people that might not care too much about Crypto Currencies or Bitcoin or XBL. However, they do care about having fun, fair and auditable games where nobody can cheat, they care to have fun.

There is an easy way we can do just this - bring crypto gambling to the masses -  with the help of our Raffle and Burner GUI, our Poker game client and our system where people will be able to buy XBL with their credit cards.

The most exciting thing about going forward like this, is that if only just a small group of people start playing regularly and buying XBL for our games, the extremely low supply will mean that the price will be drastically affected upwards.

[Champion123]

Again, constructive criticism Another question: in the long run, how is token purchasing going to work for the normal people, the gamblers? They certainly won't like going to exchanges and trading in their interfaces. Can it be done technically that the users can buy the tokens within the software GUI? Like all other gambling software that you can buy chips/tokens with real money within the app. But since the token distribution is decentralized, whenever a user presses the buy button, he automatically buys the amount he needs from the trader with the lowest ask. What do you think?

P.S. How do you vote on your other thread? I can't find the voting button.

We would ideally want to have a system in place where people can just use their credit card, buy XBL tokens and just play. Without even knowing they're on a blockchain or that they are using cryptocurrencies.

Behind the scenes, a script would go on exchanges, buy XBL for the cheapest available price, and send it to the user's wallet.

Bringing crypto-gambling to the masses means bringing this sort of technology to people that might not care too much about Crypto Currencies or Bitcoin or XBL. However, they do care about having fun, fair and auditable games where nobody can cheat, they care to have fun.

There is an easy way we can do just this - bring crypto gambling to the masses -  with the help of our Raffle and Burner GUI, our Poker game client and our system where people will be able to buy XBL with their credit cards.

The most exciting thing about going forward like this, is that if only just a small group of people start playing regularly and buying XBL for our games, the extremely low supply will mean that the price will be drastically affected upwards.

That is EXACTLY what I was thinking. People want to have fun, buy in the most hassle-free fastest way and play. Good to know you have plans for tackling this problem as well, exciting road ahead!

[gluedog]

I have many great ideas, things that I wish to accomplish with this project. Too many ideas, too little time.

This week I will have a meeting with a team of developers that might join our project. They will help us develop Billionaire Hold'em faster.

If everything goes well we will want to go public with the whole team (linkedin profiles, etc.), most likely sometime in the near future.

We will keep you updated as things progress.

Right now, our main focus is to get the Raffle and Burner deployed and working before we hit the exchanges - so that our token will not be in any danger of being banned/delisted because of state laws regarding securities and futures. If our coin will have a use-case right away, then it is not a security.

Which exchanges would you be listed on?

We will most likely be listed on NovaExchange first.
The other exchanges we are looking at are: Cryptopia, EtherDelta, HitBTC, Livecoin.

[securenetworker]

Bounty Claimed !!!!!  Show me the money!

Transaction ID:    c4e67fc6e1c68172ab1d8822c4d9a072364287739b2816ff787b0f19cd0db116

[rosygreat]

Is bounty still on?

[securenetworker]

Is bounty still on?

There is a daily 70% bonus for .4BTC deposits.

[gluedog]

Bounty Claimed !!!!!  Show me the money!

Transaction ID:    c4e67fc6e1c68172ab1d8822c4d9a072364287739b2816ff787b0f19cd0db116

Cogratulations,

You are a Billionaire!

Amount of BTC sent: 0.4655
Base XBL for [0.4655] BTC is [19589.12445] tokens for a price of $4208.19/BTC.
Total XBL for [0.4655] BTC is [33301.511565] tokens with 70% bonus

TX ID: https://etherscan.io/tx/0xa6083b736bb40d08b92e2944315261737343c5a6a8ac7c8ade11846762613aa9

Thank you for your purchase.

[willdono]

Bounty Claimed !!!!!  Show me the money!

Transaction ID:    c4e67fc6e1c68172ab1d8822c4d9a072364287739b2816ff787b0f19cd0db116

Cogratulations,

You are a Billionaire!

Amount of BTC sent: 0.4655
Base XBL for [0.4655] BTC is [19589.12445] tokens for a price of $4208.19/BTC.
Total XBL for [0.4655] BTC is [33301.511565] tokens with 70% bonus

TX ID: https://etherscan.io/tx/0xa6083b736bb40d08b92e2944315261737343c5a6a8ac7c8ade11846762613aa9

Thank you for your purchase.

How many poker players do you hope to attract with your platform? Can you give some numbers by the end of 2018 ideally?