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Author Topic: [ANN] [10X] 10X - an innovative gambling and trading game based on the Ethereum  (Read 2780 times)
TheWolf666
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August 13, 2017, 05:30:16 AM
 #1



10X ANNOUNCE CROWDSALE FOR BLOCKCHAIN BASED LOTTO / TRADING GAME

Opens: August, 20 2017 00:00 UTC

10X is the first game of its kind to connect both gambling and trading in the same game play.
10X is an innovative take on the Lottery game, but adapted to the blockchain technology for an optimum security and with some unique innovations that makes it a game of a new kind.

How does it works?
You bet some Ether on your favorite number between 1 to 9 and if it is drawn, you win 10 times what you bet in Ether. You have 1 chance to 10 to win 10 times your bet.
If you lose, you receive 10 times your bet in 10X tokens. You can then trade and continue the game in the exchanges. You have nothing to lose.

The ICO
In order to fund the house, 10X will do an ICO where we will offer the 10X tokens at a bargain price in exchange of Ethers. The 10X ICO will open on the 20th of August, 2017 at UTC 0:00. It will last 10 days and end on the 30th of August, 2017 at UTC 0:00.



Technical Specs
A limited supply of 10,000,000  tokens will be distributed at the ICO.
30,000,000 are printed in order to supply the game, and the exchange.
More can be minted if necessary, we will monitor how the token evolves and insure that it goes to the ultimate goal: to reach 0.10 Ether for 1 token.

10X has been designed to be the most adapted and efficient token to fit into the blockchain. It is a limited state machine that can switch alone into 5 game modes depending on its reserves and it success.

No need to explain how much the lottery game is popular all over the world and specially in Asia where the 10X game has been conceived.
The goal of the game is to reach 1 tenth of the Ethereum value. Because it delivers 10 tokens for each loss, every time someone play and lose, the value of the 10X token is driven into that direction like a magnet, it is genetic.


"10X is not another futarchy app that will never work. 10X is a viral community smart contract that is both a fun game to play with a 10 time bet reward, but also the first game to really explore the new possibilities of the blockchain technology and the Ethereum smart contracts by delivering shares of its value to the ones who are loosing. Each player is a potential investor. It is a win-win game for both the tokens holders and the game players. All members of the 10X community are in the same boat, and we only need to attract as many players as possible from all over the world to see the value of the 10X token growing organically. The way this contract is working makes it a game of a new kind."

Crowdsale Structure
Starts: 20th August
Duration: 10 days or less if all the tokens are distributed.
 
Crowdsale pool: 40,000,000 10X tokens total. 10,000,000 for the ICO, 10,000,000 to 2 escrow addresses, 10,000,000 kept in the contract to supply the game.
More can be minted anytime if necessary.
 
Minimum: 100 ETH is the minimum to run the game
Maximum: 5000 ETH, the maximum bet possible = 1/100 of the house reserve. The more ETH the higher the maximum bet is. For example if the house own 1200 ETH, the maximum bet is 12 ETH.

The ETH will stay in the house to supply the winners. The owner will take some ETH to pay for advertising once the ICO is finished. The more player, the more 10X grow. A lot of advertising in Asian markets is necessary.
 
1 ETH = 2000 10X at the ICO / 1 ETH = 10 10X in game mode.

Secure
This contract is also the most secure game published in the blockchain to date, with a bulletproof – or miner proof – random generation that does not rely on any external resource. No connection to Oraclize is necessary, the contract leaves 100% inside the blockchain .
The contract also adds tarpitting (at the ICO) to avoid spam and bots. Automatic blacklisting of addresses acting suspiciously, and an additional security that disable the owner access to the contract in case of the contract is hacked or stolen. Security is our number one priority.

Contact
The owner of the contract is actively supporting the project days and night though Discord App and will be more than happy to answer to any question you may have at https://discord.gg/Pks5wh9

Note: due to the inner nature of the game, the ICO never really finish, the game can switch back to crowdfunding mode if it runs out of ETH. The game mode distribute 1 ETH = 10 10X to the player who loose, while the ICO mode distribute 1 ETH = 2000 10X to the funders, the ICO is the way to get tokens at a bargain price.
Note2: the token is well designed to offer all flexibility to change dynamically anytime, mint more token, buy the tokens if there is an excessive supply that stall the token value. The 10X token will be a well managed token in the exchanges. See you at https://hitbtc.com soon. I will be in the TrollBox.

Visit our website for more info, FAQ : http://10x.bz
 Grin

-------------------------------------------------------------------------------------------------------
Update: the contract is on Github give me any feedback if you have: https://github.com/TheWolf-Patarawan/10X-Token/blob/master/10XToken.sol


Token - Solidity developer.
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August 13, 2017, 05:33:08 AM
 #2



10X ANNOUNCE CROWDSALE FOR BLOCKCHAIN BASED LOTTO / TRADING GAME


Opens: August, 20 2017 00:00 UTC

10X is an investor dream. It is also a gambler dream. Actually 10X is the first game of its kind to connect both gambling and trading in the same game play.
10X is an innovative take on the Lottery game, but adapted to the blockchain technology for an optimum security and with some unique innovations that makes it a game of a new kind.

How does it works?
You bet some Ether on your favorite number between 1 to 9 and if it is drawn, you win 10 times what you bet in Ether. You have 1 chance to 10 to win 10 times your bet.
If you loose, you receive 10 times your bet in 10X tokens. You can then trade and continue the game in the exchanges. You have nothing to loose.

The ICO
In order to fund the house, 10X will do an ICO where we will offer the 10X tokens at a bargain price in exchange of Ethers. The 10X ICO will open on the 20th of August, 2017 at UTC 0:00. It will last 10 days and end on the 30th of August, 2017 at UTC 0:00.



Technical Specs
A limited supply of 10,000,000  tokens will be created. More can be minted if necessary, we will monitor how the token evolves and insure that it goes to the ultimate goal: to reach 0.10 Ether for 1 token.

10X has been designed to be the most adapted and efficient token to fit into the blockchain. It is a limited state machine that can switch alone into 5 game modes depending on its reserves and it success.

No need to explain how much the lottery game is popular all over the world and specially in Asia where the 10X game has been conceived.
The goal of the game is to reach 1 tenth of the Ethereum value. Because it delivers 10 tokens for each loss, every time someone play and loose, the value of the 10X token is driven into that direction like a magnet, it is genetic.


"10X is not another futarchy app that will never work. 10X is a viral community smart contract that is both a fun game to play with a 10 time bet reward, but also the first game to really explore the new possibilities of the blockchain technology and the Ethereum smart contracts by delivering shares of its value to the ones who are loosing. Each player is a potential investor. It is a win-win game for both the tokens holders and the game players. All members of the 10X community are in the same boat, and we only need to attract as many players as possible from all over the world to see the value of the 10X token growing organically. The way this contract is working makes it a game of a new kind."

Crowdsale Structure
Starts: 20th August
Duration: 10 days or less if all the tokens are distributed.
 
Crowdsale pool: 10,000,000 10X tokens
10,000,000 more tokens to supply the markets after the ICO if necessary, controlled by the owner to smooth the token value.
More can be minted anytime if the demand exceed the offer. Excess of tokens will be repurchased in order to keep the 10X token healthy.
 
Minimum: 100 ETH is the minimum to run the game
Maximum: 5000 ETH, the maximum bet possible = 1/100 of the house reserve. The more ETH the higher the maximum bet is. For example if the house own 1200 ETH, the maximum bet is 12 ETH.

The ETH will stay in the house to supply the winners. The owner will take some ETH to pay for advertising once the ICO is finished. The more player, the more 10X grow. A lot of advertising in Asian markets is necessary.
 
1 ETH = 2000 10X at the ICO / 1 ETH = 10 10X in game mode.

Secure
This contract is also the most secure game published in the blockchain to date, with a bulletproof – or miner proof – random generation that does not rely on any external resource. No connection to Oraclize is necessary, the contract leaves 100% inside the blockchain .
The contract also adds tarpitting (at the ICO) to avoid spam and bots. Automatic blacklisting of addresses acting suspiciously, and an additional security that disable the owner access to the contract in case of the contract is hacked or stolen. Security is our number one priority.

Contact
The owner of the contract is actively supporting the project days and night though Discord App and will be more than happy to answer to any question you may have at https://discord.gg/Pks5wh9

Note: due to the inner nature of the game, the ICO never really finish, the game can switch back to crowdfunding mode if it runs out of ETH. The game mode distribute 1 ETH = 10 10X to the player who loose, while the ICO mode distribute 1 ETH = 2000 10X to the funders, the ICO is the way to get tokens at a bargain price.
Note2: the token is well designed to offer all flexibility to change dynamically anytime, mint more token, buy the tokens if there is an excessive supply that stall the token value. The 10X token will be a well managed token in the exchanges. See you at https://hitbtc.com soon. I will be in the TrollBox.

Visit our website for more info, FAQ : http://10x.bz
 Grin


Quote for image and also reserving indonesian translation if available. Thankyou






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August 13, 2017, 05:34:45 AM
 #3

First line...

"10X is an investor dream"  Grin

Pass.

TheWolf666
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August 13, 2017, 05:44:47 AM
 #4

Maybe you should read more to understand why?  Shocked
If you are a potential investor, you will quickly understand .

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August 13, 2017, 05:57:12 AM
 #5

10X by a newbie? for ICO? If you want to collect money, and don't want to give any credibility, it got to be a scam. Dream you get 10X and "investors" get zero? lmao.

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August 13, 2017, 06:08:15 AM
 #6

I don't understand the negativity. Trolling is easy, is there anyone interested in a new concept here? And if you are looking for brands, why not invest in Microsoft or Apple? I am not a newbie, I was trading at Fortis in 2000 what was you doing at this time?
Just saying. Please, just give a chance and read. This token will make its way anyway, because it is a real new interesting concept. Just read, and troll after.
 Roll Eyes Roll Eyes


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August 13, 2017, 06:35:55 AM
 #7

this concept will surely attract newcomers but for those who do understand how the market goes inside crypto i think dev needs to create
more convincing updates its really a big doubt that will be build inside a mind when say you can afford to get 10x without losing anything
but lets see how this dev explain well or add additional info.

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August 13, 2017, 07:19:09 AM
 #8

10 for dev , 1 for investor  Grin

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August 13, 2017, 07:48:06 AM
 #9

I understand your concern, that's why I have made a simulator. You can find it when you scroll on the website. There is button "Game Simulator"
This script simulate 1000 -> 1,000,000 transactions and you can run it over and over to see the result. The math are the math, the bank cannot be broke.

Also I understand everyone concern about the greedy developers, I am interested by making money of course, like everyone else. But this concept is going to work.

Think about it. iDice is doing very well, but when the player looses, his money is gone.

In 10X when he looses he actually purchased 1/10 in tokens at the doomed price of 0.1 Ether! Let this sinking and imagine how it will move in the exchanges.

Plus I will publish the source code of the token soon. I am quite sure that programmers will back what I explain. It is a token specifically design to strive in the blockchain concept/exchanges. No need to build a dream like "save the kittens" or "solar clean energy" or futarchy blabla in the blockchain to attract investors.
Investors want the token goes up, that's what the 10X is doing everytime someone loose at the game.

 Roll Eyes Roll Eyes Roll Eyes

this concept will surely attract newcomers but for those who do understand how the market goes inside crypto i think dev needs to create
more convincing updates its really a big doubt that will be build inside a mind when say you can afford to get 10x without losing anything
but lets see how this dev explain well or add additional info.

Token - Solidity developer.
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August 13, 2017, 08:00:56 AM
 #10

Easy one Wink
Everything is clear on the website and in the description.

Let say that you have 451 tokens... just wait.
Every time someone play, he has 9 chances on 10 to purchase 10 tokens (if he looses). This will show in the exchange as a purchase of 10 tokens 10X at the price of 0.1 Ether.. What will do the value of your 451 tokens every time this will happen?
Understand the magic for the investors?

For the player, it is 1/10 to get 10 times what he plays, with a redistribution of 75% that beat any lottery system, great deal too, plus the security of course, who can trust the online Casino?

I need many Eth in order to pay for the expensive monthly ads that will attract the players as well as funding the "house". Everything is clear and logical.

10 for dev , 1 for investor  Grin

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August 13, 2017, 09:06:39 AM
 #11

Very difficult to understand the concept of this project, can you update the thread to be better, certainly that can be understood by many people, not just people who understand how the market goes into crypto, I'm very grateful if you can fix the thread to be more simple.

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August 13, 2017, 09:24:28 AM
 #12

10x? Is this a joke? Wow, very promising, somehow and from where I got to understand about this project, I just hope this project is not a scam, and certainly not disappointing, better this project got a new thread
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August 13, 2017, 09:36:42 AM
 #13

Very difficult to understand the concept of this project, can you update the thread to be better, certainly that can be understood by many people, not just people who understand how the market goes into crypto, I'm very grateful if you can fix the thread to be more simple.

I  understand that it is a new concept because the ICO contract and the game are the same contract.

So let's take an example.

In ICO mode, I raise the money to fund the bank (or house), nothing different from another contract or another ICO, I need 100+ Ether to run the game.

Once the ICO is finished, the contract switch in Game Mode automatically.

I will take an example.

Your favorite number is the 2. You need to send 2.2 or 1.2 or 2.0 or 0.2 or 0.12 Ether (check the form in the website it helps for that). The money you send determines the number you bet on.

Ok so you send for example 1.2 Ether.

1) the contract draw a random number between 0-9. If it is the number 2, you win! You get instantly 12 Ether in your account. End of the story.
2) it is the 7, you loose. You not totally lost because the contract send you 12 tokens 10X. This token will be quoted at https://hitbtc.com and others, so then you can continue the game by trading it.

What does this mean? Instead of taking your money in my pocket because you lost the bet, I instead give you 10X shares and you are now a token owner.
It is a pyramid (legal) where everytime someone loose his bet, he contribute to the wealth of the 10X token and every share holder benefit of it.

I hope it is more clear, but do not hesitate to ask questions, I understand that on the main game mechanic it is original and probably the first game of its kind.

Token - Solidity developer.
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August 13, 2017, 09:48:14 AM
 #14


Like the explanations of the dev sound convincing, but how it will work is not clear

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August 13, 2017, 09:51:43 AM
 #15

10x? Is this a joke? Wow, very promising, somehow and from where I got to understand about this project, I just hope this project is not a scam, and certainly not disappointing, better this project got a new thread

Damned not! it is not a scam. There is time until this ICO is finished so we have plenty of time to communicate.

All the bets will be publicly available inside the contract with this structure

Code:
    struct transactions {
        address playeraddress;
        uint time;
        uint betinwai;
        uint numberdrawn;
        uint playerbet;
        bool winornot;
    }
   mapping (uint => transactions) bettable;

And the full contract is about to be published at Github for a total tansparency. Just be a bit patient, launching an ICO is a lot of work Wink

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August 13, 2017, 09:59:14 AM
 #16

Although this is interesting idea but I wont invest into that kind of ICO where I don't know who will take my money so that I will skip this. If OP will arrange to provide escrow than people can give try to this project otherwise it has pretty low chance.

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August 13, 2017, 10:09:15 AM
 #17

Difficult to understand 10 times, 10 times per person; then who will pay this. Who will be the last payer?

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August 13, 2017, 10:15:32 AM
 #18


I hope you the best of lucks with your project, the idea looks really promising even if it has been already done! I will keep a close look hope you the best

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August 13, 2017, 11:38:47 AM
 #19

Has the project been tested in the testnet? Are there any test results?

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August 13, 2017, 11:39:14 AM
 #20

Although this is interesting idea but I wont invest into that kind of ICO where I don't know who will take my money so that I will skip this. If OP will arrange to provide escrow than people can give try to this project otherwise it has pretty low chance.

I understand your point of view, I am an investor myself. But in that case there is no development to be done, so what is the point of having an escrow?

The ICO contract and the game are the same thing. The game starts once the ICO is finished and there is no development do be done, everything is finished.

Do you rather invest in SNT that will be available Q4 2018 or in 10X that will start with this August 30th 2017 at full speed?

The only reason I do an ICO is because the bank needs to have funding in order to work, and also because it attracts the attention of the investors. I need more than 100 ETH to run the bank but it is the bare minimum.

With 100 ETH player can bet between 0.1 to 1 Ether
With 200 ETH player can bet between 0.1 to 2 Ether

Etc...

I print 10 Millions tokens for the ICO, that mean that the max Ether that I will accept is 5000 Ether, once these sold, the ICO is over, if it takes 2 hours it doesn't matter, that would gives the possibility for the player to play between 0.1 to 50 Ether and win up to 500 Ether!

So why having an escrow? I understand your worries, but this ICO is not based on a white paper and a long development. The development is already done Wink



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