Hey Everyone,
Here to announce my first crack at an altcoin FPSBetCoin [FPSc]. And wanted to get everyone's pulse to see if there would be in interest in this, and also to get concerns and issues up front.
{Full disclosure I am a pool operator and will be using my real BCT username for this coin. I will do my best to operate this coin to its fullest, and see it through. If at anytime I need to drop the project I will let the community know. I will not cut and run on this project and put my pool at risk. And I will be able to manage the pool and the coin at the same time no problem
}
This ANN is still incomplete and more will be added at a later time.
OMG another altcoin?Yes another altcoin. The uniqueness wont be in the coin as it will be almost a identical clone to a x11 Coin. The real beauty of the coin will be in the service that will use this as its betting asset. The coin will be the only asset accepted by the betting platform, and the payout will be in this coin as well. And as you can tell by the coin's title the focus will be FPS games.
The idea is everyone would put their ante in the game that is playing the private match and the winning team will get the pool of the bet. We will then be adding block explorers and leaderboards to the site as well. Also will be allowing the assets to be purchased with cash at the going rate.
Okay, the detailsWe are going to start with one game to start, and that will be battlefield one, using the twitch streaming service. We are going to start by keeping it on a per match system and eventually move to a tournament system. We will also be allowing non players to place their bets for a 5% fee in the future, and the service will get 2.5% and the winning team will get 2.5%.
The coin will allow you to buy the coin on the website but will not allow you to sell. This way we stay in the legal spectrum of the betting world. In other words you are allowed to bet in game items, or digital items (the coin), and you are allowed to buy the digital items to play for fun. The selling would occur on a 3rd party exchange which we have no control over. So you will be betting digital assets not money. (But you can exchange the assets for money on another site not based in the US if you so choose so.)
Time Table1. Coin Release on 8/26/2017
2. Search for graphic designer from BCT community on 9/09/2017
3. Simple functionality Project website creation on 10/26/2017
4. Simple functionality website BETA launch on 12/3/2017 for top 1000 holders of FPSc
5. Graphic Design website open BETA for all users on 2/18/2018
6. Full launch 6/10/2018
Future Bounty's (Looking for people on this forum)All bounties will be paid using the 2% pre-mine.
Current Needs
1. Will need a graphic designer to spruce up the ANN as well as help design the website. PM for details - need previous work references
2. Will need a PHP or ASP.NET developer to help build the service. (I will be leading the project but my server side scripting skills are a bit rusty, I will be more of a project manager for this then a coding guru.) PM for details - need previous work references
Future Needs
1. Need promoters to put in their signature
2. Need Game Ref's to monitor the stream and input the data into the portal, this will let the website know who to pay, and the betters will get paid on their bets. [PM if interested] We will be posting the prospects on the forum and let the community decide the first batch of Ref's. Ref's will be paid 8% of the 10% player fee. The service will take the 2%.
...More coming soon...
P.S. This is not an active coin yet. Wanted to get everyone's thoughts before everything is made.
Current Details Known for CoinEverything is up for discussion as well.
Algo - X11
Coin Supply - 100,000,000
Block time - 1 minutes
Pre Mine - 2%
Block code:
if (nHeight <= 5)
nSubsidy = 0;
else if (nHeight == 6)
nSubsidy = 2000000 * COIN;
else if (nHeight <= 5005)
nSubsidy = 100 * COIN;
else if (nHeight <= 55005
nSubsidy = 1000 * COIN;
else if (nHeight <= 100005)
nSubsidy = 500 * COIN;
else if (nHeight <= LAST_POW_BLOCK)
nSubsidy = 375 * COIN;
There will be a 5000 block reduced coin supply to create a super fair start. (This will last for about 3.5 Days).
Other details coming soon!
Let me know what you all think, I'm open to all comments, if you think its stupid please say so (I wont take it personally)
Or if you have suggestions, comments, concerns let me hear it. Hopefully we can make this a community driven coin with a purpose that will actually be used for more then mining! Also any potential partners in the project please go ahead and post (Don't PM me) as I want to get the communities pulse on the partnership.
Thank You,