[ANN][ICO] Ethbet: Peer-to-Peer Ethereum-Based Dicing With No House Edge

[EthBet]

Daily bump. We have updated the token contract to lock founder's tokens for 6 months.

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[EthBet]

Daily bump. We're also working on a demo and hope to have it out before the crowdsale is completed. It will not function on the blockchain however will give users an idea of what to expect.

[lazy_boozer]

everywhere there are some ICO, where are the good old coins?

[rijaljun]

Do you have plan to get mainstream adoption? like platform that "easy to use" for then who dont know much about crypto. also only dice game is quote boring. by adding another game would be great for future though

[EthBet]

It depends on what you mean by mainstream. We would like the platform to be usable enough such that anyone with cryptocurrencies or Ethereum (and its wallets) is able to use it without difficulty. As far as more ambitious goals go, we don't have a million dollar budget like projects like Funfair do, so our game will be more of a niche game compared to a project that large. The purpose of Ethbet is to provide the most cost-efficient way to gamble/dice, not to change the world and allow every person access to dicing.

[EthBet]

The new date of the crowdsale is September 17th. It has been delayed by a week so that we can provide a better demo, protocol description, and more information to potential investors.

[EthBet]

We are now featured on icoalert.com and the demo is coming along nicely. It will be made fully public in the coming days.

[vitocorp]

Dicing platforms are keeping an eye on Ethbet, a new dicing platform that allows players to directly bet against each other on the blockchain, cutting out the middleman in the process. Although Ethbet is a new player in the world of cryptocurrency dicing, its novel business model and peer-to-peer nature could allow it to take over the market share of already-established dicing platforms.

https://www.cryptocoinsnews.com/new-dicing-platform-ethbet-seeks-dominate-dicing-industry-months-release/

[electronicash]

isn't edgeless going this direction too which they will also be releasing dice game and of course EDGELESS is know to have develop gambling platform with no house. bur correct me though because i'm really just not fully aware of what EDGELESS team are going.

[EthBet]

isn't edgeless going this direction too which they will also be releasing dice game and of course EDGELESS is know to have develop gambling platform with no house. bur correct me though because i'm really just not fully aware of what EDGELESS team are going.

Hi, thank you for asking. This is a good question. We have a blog post on similar projects at https://medium.com/@ethbet/projects-similar-to-ethbet-2546f9a63f7d, I will quote the section on Edgeless from it here:

Edgeless: Edgelesss claims to offer betting on the Ethereum blockchain with a 0% house edge, however several notable caveats exist, namely:

•     Edgeless claims their unreleased Blackjack game will have a house edge of 0%, but this only applies if every move and game played by a player is perfect. As a result, they expect the house to profit from this game
  
•     Although Edgeless is partially decentralized (exists on the blockchain), it is not peer-to-peer
  
•     Edgeless does not support ETH, only their own token, EDG, thus you must purchase EDG first to use their platform
  
•     Games such as Blackjack involve large amounts of data stored on the blockchain, and thus the fees paid to execute the involved smart contracts can be high
  
•     Edgeless generates random numbers using their own server off of the blockchain
  
•     No publicly readable changes to their smart contracts appear to have been made for at least several months

Regardless of these drawbacks, Edgeless may be an appealing option for those wishing to play provably-fair games of blackjack on the blockchain in the near future, however we do not consider them a direct competitor for our target audience.



Thank you for your interest.

[Pjovey]

why use Ethbet over Edgeless poker then if at least they have poker

[EthBet]

why use Ethbet over Edgeless poker then if at least they have poker

The post directly above yours should answer this question. Edgeless does not even provide dicing at this moment, which is the current goal of Ethbet.

[Pjovey]

thank you, I wonder when more games will come?

[Shoxc]

what are the bounties exactly? Are they only translation related or will there be other ones?

[EthBet]

what are the bounties exactly? Are they only translation related or will there be other ones?

We are looking into a traditional signature bounty. The signatures have been designed however executing a successful bounty campaign is expensive and currently it's been delayed for that reason. Not all of the bounty tokens are allocated for pre-crowdsale activities, some are for bug bounties, for example.

[EthBet]

thank you, I wonder when more games will come?

New games are not currently scheduled but are definitely a future possibility.

[puremage111]

Hello, saw 5% is total supply is for bounty

Where could i find the information regarding on bounty?

Btw for the https://crowdsale.ethbet.io/

It states
The ticker symbol for Ethbet is EBET. The total amount of possible tokens is set to 10,000,000. Of these tokens, 80% are available during the crowdsale (5% bounty/community, 6% partners, 10% Ethbet) = 101%

It should be 5% as Whitepaper states 5% for partners so i think there's some minor typo there

Thanks

[EthBet]

Hello, saw 5% is total supply is for bounty

Where could i find the information regarding on bounty?

Btw for the https://crowdsale.ethbet.io/

It states
The ticker symbol for Ethbet is EBET. The total amount of possible tokens is set to 10,000,000. Of these tokens, 80% are available during the crowdsale (5% bounty/community, 6% partners, 10% Ethbet) = 101%

It should be 5% as Whitepaper states 5% for partners so i think there's some minor typo there

Thanks

Thank you, I actually just noticed that typo a moment ago myself. It has been corrected. We are currently not running a bounty program, but a signature/avatar campaign may be started in the near future.


In an unrelated update, the Ethbet token has been slightly reworked and has mechanisms that will cause it to appreciate in value instead of providing dividends.

[EthBet]

All potential Ethbet investors should read https://medium.com/@ethbet/changes-to-the-ethbet-token-model-e4eef4923b91 for updates to the token.

[Zaktor21]

bounty?