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tarzanbigcity
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September 23, 2017, 12:14:30 AM |
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Will this project be taxed somehow? And in general, how much is all this legal?
This is a completely decentralized project, based on the currency, how can it be taxed at all?  |
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end_tomorow
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September 23, 2017, 12:17:17 AM |
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Will this project be taxed somehow? And in general, how much is all this legal?
This is a completely decentralized project, based on the currency, how can it be taxed at all? but if I got a big win in this lottery, and I want to withdraw money to the account, what will happen in this case? |
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tarzanbigcity
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September 23, 2017, 12:18:59 AM |
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Will this project be taxed somehow? And in general, how much is all this legal?
This is a completely decentralized project, based on the currency, how can it be taxed at all? but if I got a big win in this lottery, and I want to withdraw money to the account, what will happen in this case? Obviously, this will depend on the laws of the country where you live. And besides, why withdraw funds in Fiat, if in the near future it will be possible to pay everywhere with a crypto currency |
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rlm42
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September 23, 2017, 12:20:17 AM |
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Will this project be taxed somehow? And in general, how much is all this legal?
This is a completely decentralized project, based on the currency, how can it be taxed at all? but if I got a big win in this lottery, and I want to withdraw money to the account, what will happen in this case? Obviously, this will depend on the laws of the country where you live. And besides, why withdraw funds in Fiat, if in the near future it will be possible to pay everywhere with a crypto currency I think in many countries can prohibit the turnover of crypto currencies, well, or somehow limit it |
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cryptosifu
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September 23, 2017, 12:26:57 AM |
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And what is the maximum amount of winnings in this lottery?
2 324 000 000 USD (2.34 billion)  It is 7 000 000 ETH to be exact. so it all depends on the ETH price. Where are these ETH from? Is this a weekly lottery or just "one" big lottery? 95% of money raised during the upcoming ICO will be put into the Jackpot. It's like almost all of it, what shocked me at the beggining. Maximum ICO cap is 200k ETH, so I am curious how the jackpot can be 7Million ETH. I'm also very interested in learning how this is possible This amount is calculated in the long term. 95% of the ticket sold will go to the jackpot fund. So it sounds like there will only be one big lottery and almost everything goes to the winner. What happens after the lottery is over? Is this project dead? |
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Sienio
Newbie
 Offline
Activity: 20
Merit: 0
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September 23, 2017, 12:57:55 AM |
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Looks interesting.
I will keep my eye on this.
So far what i can see on whitepaper.
There will millions of players. Also there will be millions of winners.
And also jacpot will be splitted on many ppl in that odds.
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end_tomorow
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September 23, 2017, 01:15:35 AM |
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Looks interesting.
I will keep my eye on this.
So far what i can see on whitepaper.
There will millions of players. Also there will be millions of winners.
And also jacpot will be splitted on many ppl in that odds.
This is definitely one of the most interesting projects of all, but it's still not clear how the whole mechanism will work with winnings, etc. |
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end_tomorow
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September 23, 2017, 01:21:56 AM |
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Will having administrators have access to the jackpot?
Do you mean if they can take money from there? |
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end_tomorow
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September 23, 2017, 01:26:27 AM |
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Will having administrators have access to the jackpot?
Do you mean if they can take money from there? Yes, exactly, where are the guarantees. that they will not steal money from the general jackpot? Their platform is completely based on smart contracts, it is impossible! But no one knows exactly what the code contains. Maybe there are mechanisms to withdraw money to your pocket |
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end_tomorow
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September 23, 2017, 01:32:49 AM |
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I do not fully understand what the hackerton program is
They offer a big reward to someone who can crack their smart contract How big is the reward?  |
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end_tomorow
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September 23, 2017, 01:37:43 AM |
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I do not fully understand what the hackerton program is
They offer a big reward to someone who can crack their smart contract ok, I understand they offer a great reward, but what if it's a few different people? Apparently the reward will be given to the one who will do it first Hmm, well, what if there is not a single vulnerability in the system? And 5 different hackers will find 5 different vulnerabilities, which of them will receive the reward? Perhaps, in this case, the reward is simply shared between all 5 hackers =) |
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end_tomorow
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September 23, 2017, 01:41:08 AM |
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I would like to see a similar project, but with the possibility to place bets, for example, on sports events
Such a project may well appear in the near future, it seems to me. |
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end_tomorow
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September 23, 2017, 01:47:34 AM |
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I do not fully understand what the hackerton program is
They offer a big reward to someone who can crack their smart contract ok, I understand they offer a great reward, but what if it's a few different people? Apparently the reward will be given to the one who will do it first Hmm, well, what if there is not a single vulnerability in the system? And 5 different hackers will find 5 different vulnerabilities, which of them will receive the reward? Perhaps, in this case, the reward is simply shared between all 5 hackers =) Hackerton is certainly a good idea, but that if someone finds a vulnerability, but hides it to hack the platform after it is launched? Well, it will be a kind of surprise for everyone, in that case  |
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digitalblock
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September 23, 2017, 02:03:10 AM |
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And when will the smart contract be tested?
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NightDream
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September 23, 2017, 02:03:49 AM |
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And when will the smart contract be tested?
As far as I know it has already been tested |
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digitalblock
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September 23, 2017, 02:04:47 AM |
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And when will the smart contract be tested?
As far as I know it has already been tested Is there no re-testing after hackerton? |
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digitalblock
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September 23, 2017, 02:07:30 AM |
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And when will the smart contract be tested?
As far as I know it has already been tested Is there no re-testing after hackerton? And why do I need to re-test? Because there will be any vulnerabilities that need to be eliminated and again to test the system |
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NightDream
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September 23, 2017, 02:08:39 AM |
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And when will the smart contract be tested?
As far as I know it has already been tested Is there no re-testing after hackerton? And why do I need to re-test? Because there will be any vulnerabilities that need to be eliminated and again to test the system And after that, hold another hackerton. And then one more. And so on ad infinitum |
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digitalblock
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September 23, 2017, 02:11:25 AM |
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And when will the smart contract be tested?
As far as I know it has already been tested Is there no re-testing after hackerton? And why do I need to re-test? Because there will be any vulnerabilities that need to be eliminated and again to test the system If the developers are so confident in their product that they are willing to pay 0.5 million USD, if there is a vulnerability - then the project is fine. It's almost ready to run We will see  |
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NightDream
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September 23, 2017, 02:13:12 AM |
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Does anyone know how the Affiliate system will work? So what's this?
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