The Social Gambling Blockchain
Bounty Campaign
ShardBit - Introduction
The creation and subsequent release of Satoshi Nakamoto’s “Bitcoin: A Peer-to-Peer Electronic Cash System” was the world’s first major foray into the world of decentralization, cryptography, and peer-to-peer networking. Not only did this new technology allow for an individual to safely and efficiently transfer a store of value across long distances without the need for a centralized institution as an intermediary, it finally allowed for one to become self-reliant in regards to managing their funds. In particular, though, the past few years have seen the value and benefits of these networks finally begun to be realized by the public. Ever since the world took notice of Bitcoin’s historic growth in December of 2017, the notion of the blockchain as a technological asset has been on everyone’s mind. As a result, the potential for its widespread adoption and usage is highly likely if not guaranteed. If this possibility comes to fruition, is highly likely that a large number of centralized institutions will be affected--even casinos. It is our goal with ShardBits to spearhead this decentralized revolution and put the power back in the hands of the individual.
The ShardBit project was created to facilitate the further development of the ShardBits cryptocurrency and the ShardBet platform as a whole. Although each individual piece of the ShardBit ecosystem works in sync with the rest, both the currency and the platform are inherently separate modules. The currency in itself is solely meant to be used as a medium of payment for the platform, and supplies the main bankroll for each DApp created, which in turn gives the currency a use case. To illustrate this, and the rest of our ideas for the development of the ShardBit project, we've launched a proof-of-concept DApp called ShardCrash, a BustaBit clone with quite a few improvements, and configured it to work with ShardBits. The core functionality of the game, however, is pretty much the same, and thus a seeding event a la Bustabit's initial seeding event is in order.
We have generated a chain of 10 million sha256 hashes, starting with a server secret that has been repeatedly fed the output of sha256 back into itself 10 million times. The sha256 of the final hash in the chain is mentioned below, by publicizing it here we are preventing any ability to pick an alternate sha256 chain. ShardBet will play through that chain of hashes, in reverse order, and use the hashes to determine the crash point in a probably fair manner. Also, to avoid criticism that the chain was carefully chosen to generate lots of "bad" crash points, each hash in the chain will be salted with a client seed, which we have no control of. The client seed will be the block hash of a ShardBit block that hasn't yet been mined: Block #500.
Final Hash: ccd9d795367ef7415e978e7fede17c31409f9b5d587608ae908559c801b562c1
ShardBit - Specifications
Name: ShardBits (SHDB)
Algorithm (PoW): C11
Block Time (PoW/PoS): 90 seconds
Total Supply: 2,240,300,000 SHDB
Difficulty Retargeting: Every Block
Premine: 17.8% (400,000,000 SHDB)
P2P Port: 37451 | RPC Port: 37452
Masternode Collateral: 500,000 SHDB
Coin Maturity: 24 hours[/size]
ShardBit - Features
ASIC/NiceHash Resistant
Nvidia & AMD GPU Mining
Instamine Protection
Masternode Reward Protection
Friendly Masternode Setup
Long-Term Development & Support
Masternode Dividends from Casino Profit
ShardBit - Block Rewards
ShardBit - Masternode ROI
ShardBit - Masternode Dividends
In order to further integrate Masternodes into the ShardBit ecosystem, we've developed a tool that automatically pays out a percentage of all profit earned by the casino to the current active Masternodes. The rate at which this payment occurs has not yet been decided upon, but we expect it to occur frequently enough to create an incentive to hosting an active node.
ShardBit - Premine
Developing the coin, we realized that we’d require a substantial premine (calculated at 400,000,000 SHDB or 17.8%) to fund the bankroll of our initial DApps and in particular support future growth and development as necessary. Regarding the bankroll, we plan to set aside the majority of the coins taken for this purpose, to not be touched by the team throughout. Any coins not sold in the presale will be added to the bankroll. The overall breakdown of the premine’s projected use is as follows:
200,000,000 SHDB (50%) - Platform/DApp Bankroll
50,000,000 SHDB (12.5%) - Presale Distribution
80,000,000 SHDB (20%) - Marketing/Development Costs
50,000,000 SHDB (12.5%) - Developer/Founder Payments
20,000,000 SHDB (5%) - Bounty Program
ShardBit - Presale
As mentioned above in the premine breakdown, we've decided to set aside 50,000,000 SHDB for the initial presale distribution. This will be broken down into a series of packages and Masternodes for purchase. Any coins set aside for the presale that are not bought will be added to the bankroll, for use with ShardBet DApps.
Masternode Phases
Phase One (10 MNs) = 0.3 BTC
Phase Two (20 MNs) = 0.4 BTC
Phase Three (Inf MNs) = 0.5 BTC
Staking Packages
Package #1 (10,000 SHDB) = 0.01 BTC
Package #2 (50,000 SHDB) = 0.05 BTC
Package #3 (100,000 SHDB) = 0.1 BTC
ShardBit - Roadmap
ShardBit - Exchanges
ShardBit - Translations
