Faucet, casino, mixer, currency exchanger etc. all in one [NOW ALIVE!]

[iamthewall]

UPDATE: the project is now online www.winza.cc
ANN: 🚀 WINZA.cc 🏆 Casino ⚡ Faucet ⭐ Exchange 🔥 Ad Network 🎲 D I C E <--- ✅

Hello everyone,
I've been observing BitcoinTalk since 2014 but never posted before, probably because at the time I still was in the learning process I guess.
In the meantime me and a couple of friends coded from scratch the "WZ Platform" (I don't yet wanna disclose the full name) which is basically a huge collection of services created by us such as faucet, casino games, lottery, advertising network, mixer, currency exchanger and much more.
This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)
Since our budget may not cover casino's potential big losses we decided to introduce bankroll investments for those interested in investing in our casino throughout a smart algorithm that calculates how much money is required to keep us going so it distributes the dividends accordingly until the user receives back the original invested amount + X net profit.
Do you think it may work/succeed? What's your thoughts?

I'm leaving here some screenshots taken from current alpha version:

• Wallet: https://i.imgur.com/b0uMFP9.png
• Claim: https://i.imgur.com/RHdPl4Y.png
• History: https://i.imgur.com/lVo2dN6.png
• Email: https://i.imgur.com/VNQ5CKT.png

[tinyteapot]

This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)

There are some multi coin faucets already in existence.

Do you think it may work/succeed? What's your thoughts?

The idea might work if you add this to your website terms and conditions.

The idea of combining all mixer with other services is quite new.

[mocacinno]

It's a good idear, however there is one thing that pops to mind: you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).
I don't know if people would be willing to bet big on an unregistered casino, and i don't know if people would be willing to use a mixer if one the same site is a registered casino running.

Also, if you don't have a big enough bankroll, i guess it might be good idear to start without the casino and build a good rep before you start asking people to invest money into your company?

[iamthewall]

This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)

There are some multi coin faucets already in existence.

Do you think it may work/succeed? What's your thoughts?

The idea might work if you add this to your website terms and conditions.

The idea of combining all mixer with other services is quite new.

Can you please link me some? Might be good to check them for introspection purposes!
By the way, we have already been working hard on a hand written terms and conditions, privacy policy, cookie policy and risk disclaimer featuring the bankroll investment.

It's a good idear, however there is one thing that pops to mind: you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).
I don't know if people would be willing to bet big on an unregistered casino, and i don't know if people would be willing to use a mixer if one the same site is a registered casino running.

Also, if you don't have a big enough bankroll, i guess it might be good idear to start without the casino and build a good rep before you start asking people to invest money into your company?

You are right on that because the casino is unregistered but the whole idea is not supposed to be focused on casino's revenue only, in fact there will be few simple games like dice, horse racing betting, lucky wheel, weekly lottery and custom games invented by us.
Therefore we can assume the average player will probably be the faucet user who tries his luck with his hard earned money made on faucet. This will eventually build trust allowing to attract bigger players in future.
After having discussed with some users found on Telegram groups we found a couple of persons who would be interested in exchanging (2-5% fee) and then mixing their coins with us despite the fact we are running multiple services all in one.

[o_e_l_e_o]

you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).

This was my initial concern on reading OP's post as well.

If I use a service to exchange coins and gamble, and also use the same service to mix coins, then that service can link my mixed coins to my exchanging and gambling activities, my deposit and withdrawal addresses, my IPs, and so forth. If you need to make an account to use your exchange or casino (which I assume you will), then you can potentially now link mixed coins to an email address or other identifying information, which entirely defeats the point.

A couple of questions for OP:
What information is required to open an account? So you require any KYC information for any of your services?
Are your casino games provably fair?
How will you be securing customers' deposited coins?

[iamthewall]

you're mixing services that are preferably run by an anonymous operator (like a mixer) with services that are preferably run by a registered operator (like a casino).

This was my initial concern on reading OP's post as well.

If I use a service to exchange coins and gamble, and also use the same service to mix coins, then that service can link my mixed coins to my exchanging and gambling activities, my deposit and withdrawal addresses, my IPs, and so forth. If you need to make an account to use your exchange or casino (which I assume you will), then you can potentially now link mixed coins to an email address or other identifying information, which entirely defeats the point.

A couple of questions for OP:
What information is required to open an account? So you require any KYC information for any of your services?
Are your casino games provably fair?
How will you be securing customers' deposited coins?

1. Username, email*, password, PIN code (security code used for withdrawals, update account infos etc.) and KYC is totally absent from account registration but could be eventually asked later upon investigation.
2. Yes, all games including the lottery will be provably fair.
3. We will hold 5% of total funds on bitcoind, litecoind and dogecoind server used to process withdrawals upon request. The remaining funds will be moved to hardware wallets (e.g. Ledger) and BIP38 encrypted paper wallets in order to safely store the coins.

*Disposable/temp emails and VPNs are allowed as long as the user does not try to cheat the faucet through self-invited accounts since we pay back 20-30% claim commission to uplines.

[o_e_l_e_o]

Thanks for the answers.

Last question: Where are your operating costs and profits coming from? I can see from your screenshots you sell ad slots. Although I appreciate you might not have nailed down exact numbers yet, what kind of fees are you expecting to be charging for currency exchange and withdrawals? What kind of house edge will there be on your casino games?

It certainly looks like an interesting platform. I might not be your target market, since I wouldn't be using the mixing service for the reasons I stated above, and I don't have much interest in buying/exchanging most altcoins. I'd certainly be interested in having a go on your casino games when you launch though. Best of luck to you.

[iamthewall]

Thanks for the answers.

Last question: Where are your operating costs and profits coming from? I can see from your screenshots you sell ad slots. Although I appreciate you might not have nailed down exact numbers yet, what kind of fees are you expecting to be charging for currency exchange and withdrawals? What kind of house edge will there be on your casino games?

It certainly looks like an interesting platform. I might not be your target market, since I wouldn't be using the mixing service for the reasons I stated above, and I don't have much interest in buying/exchanging most altcoins. I'd certainly be interested in having a go on your casino games when you launch though. Best of luck to you.

First of all I want to remind you we already have a starting budget to cover server expenses, advertising costs and probably some limited casino losses.
The effective profits will originate from the advertising networks we will take for most of our ad slots, certainly starting from a-ads.com in the very beginning. We will later try to get the needed requirements to enter higher paying ad networks such as mellowads.com and coinad.com, the sooner we get approved and the greater will be our profits as well as faucet rewards.
Further ad banners/texts will be sold on WZ platform through special programs you will find in your own account.
We haven't yet figured out what will be the house edge, mainly because it may be adjusted later once the platform builds the trust and community, but from time to time we will manually set house edge free for a limited time on special (or dead) days and this is very likely to be announced on our Telegram channel before going live.
The exchange rates will be up to 5% but they can be lowered by 1% anytime you reach a specific total exchange volume. [1% is the lowest exchange rate possible]

[iamthewall]

I forgot to mention the withdrawal fees:

• Bitcoin -> 0.00001 BTC
• Litecoin -> 0.0005 LTC
• Dogecoin -> 50 DOGE

These values might be subject to periodic manual updates due the nature of cryptos price volatility though.

[LeGaulois]

In a screenshot, I see a matrix feature. Is there a real product behind? I don't have a good opinion about matrix basically and I may be wrong of course but I see it as a weak point for your website

It's years since I have used a faucet but a 30% commission isn't a bit high (?) What about lowering it and increasing the reward instead?
I believe the competition is still quite important with the faucets so it will make your more attractive and so collecting more people for your userbase.

You got a good idea with your site, good luck

[iamthewall]

In a screenshot, I see a matrix feature. Is there a real product behind? I don't have a good opinion about matrix basically and I may be wrong of course but I see it as a weak point for your website

It's years since I have used a faucet but a 30% commission isn't a bit high (?) What about lowering it and increasing the reward instead?
I believe the competition is still quite important with the faucets so it will make your more attractive and so collecting more people for your userbase.

You got a good idea with your site, good luck

Yes, of course the matrix program will offer a real product for as low as 1 USD: rotative (small) ad texts placed all over the website for 1 week per matrix. ("ad pack")
So basically a quid-pro-quo program giving us 100% guaranteed profits.
Nowadays faucets give up to 50% claim commission that may obviously seem big to you but also consider those faucets pay their users little. Anyhow, I can discuss this with my team because it doesn't seem a bad idea lowering the commission in order to increase the faucet rewards especially in our scenario where we offer several multiple services, so more users are encouraged to spend their hard earned coins on other services offered by us since they actually earn way more in comparison to current faucet leaders.
What about selling referrals? I mean random picked up users without an upline/inviter, does it sound reasonable and realistic? If so what would be their sale price? Many users are usually inactive or stop using the website after a short time resulting the upline in losing his investment.

[shield132]

At first bitcoin mixer requires some capital, idk about you but mixers like bitmixer, cryptomixer and others had 2500 bitcoin as a capital. Seems you have very low amount of it so personally I suggest you to stick with one service instead of all and not being capable of doing anything. You can't beat gambling websites easily, the only great option that I see is to do following: Include chip system like chipmixer has and let people to bet with some chips or offer something like this: Provably fair fee where user's will have two option: Make their fee zero or pay double by playing dice or etc you know.
You can include currency exchange like shapeshift has, that won't be a problem.

[robelneo]

Hello everyone,
I've been observing BitcoinTalk since 2014 but never posted before, probably because at the time I still was in the learning process I guess.
In the meantime me and a couple of friends coded from scratch the "WZ Platform" (I don't yet wanna disclose the full name) which is basically a huge collection of services created by us such as faucet, casino games, lottery, advertising network, mixer, currency exchanger and much more.
This platform will accept several currencies starting from the most popular ones: Bitcoin, Litecoin and Dogecoin that will also be available on the faucet. (probably the first ones to do that?)
Since our budget may not cover casino's potential big losses we decided to introduce bankroll investments for those interested in investing in our casino throughout a smart algorithm that calculates how much money is required to keep us going so it distributes the dividends accordingly until the user receives back the original invested amount + X net profit.
Do you think it may work/succeed? What's your thoughts?

I'm leaving here some screenshots taken from current alpha version:

• Wallet: https://i.imgur.com/b0uMFP9.png
• Claim: https://i.imgur.com/RHdPl4Y.png
• History: https://i.imgur.com/lVo2dN6.png
• Email: https://i.imgur.com/VNQ5CKT.png

We have to see it first before we can tell that it is going to succeed, we need many Cryptocurrency related projects and websites no wand if yours will serve a sector of our community, then it will be welcome, we only shunned projects, whose intention is to only scam investors and just want to set up a fly by night project.

[beerlover]

Other than combining multiple services in your platform, what are other innovations you going to bring in? Because, just being all-under-one-roof kind of business model alone will not be attractive enough to me to leave off my current favorite services.

I do use selective services which are rated as the best by this community in therms of easy-to use, highly secured, good customer support and etc. This may be the reason, for example, I am not playing at yobit's dice but I do trade few token there. I mean to say I need segment expert and versatile service provider which may not be possible when you focus at multiple things from your beginning itself because jack of all trades, master of none.

[magneto]

I mean, sites like Bitsler can already be used as all of the above.

However, the rates that they offer on currency exchanges as well as the lack of actual mixing mechanisms is what is preventing them from calling themselves an actual all-in-one solution that you're proposing.

I'm just wondering how you're going to be able to bankroll this site, and have that initial jolt of funding to kickstart it.

[iamthewall]

Other than combining multiple services in your platform, what are other innovations you going to bring in? Because, just being all-under-one-roof kind of business model alone will not be attractive enough to me to leave off my current favorite services.

I do use selective services which are rated as the best by this community in therms of easy-to use, highly secured, good customer support and etc. This may be the reason, for example, I am not playing at yobit's dice but I do trade few token there. I mean to say I need segment expert and versatile service provider which may not be possible when you focus at multiple things from your beginning itself because jack of all trades, master of none.

I don’t really see many websites offering several services all in one.
The whole idea took us already 2 years of development (excluding the years of research) because we have real jobs so we could not complete it in let’s say 6 months at the time unless working 24/7 on it, otherwise we could already have a well established unique website by now.
At this point there’s not much we can do except experimenting it ‘cause it’s a pity to junk such big project.

I mean, sites like Bitsler can already be used as all of the above.

However, the rates that they offer on currency exchanges as well as the lack of actual mixing mechanisms is what is preventing them from calling themselves an actual all-in-one solution that you're proposing.

I'm just wondering how you're going to be able to bankroll this site, and have that initial jolt of funding to kickstart it.

We already have a starting capital to finance all of this, however we got some doubts on casino’s bankroll since it’s kinda impossible to predict what could be our involved risk.
This is why we developed a smart algorithm that will accept investments from users which shall be used to increase the bankroll as mentioned in first post.

[iamthewall]

Just wanted to update you with an overview of our dice game:



We did stop coding the matrix program because we find it quite useless at the very beginning.

[iamthewall]

"Last Man Standing" game follows next… 

[hello_good_sir]

Nothing against you at all, I think the concept is really interesting.

However, how do you plan on competing against freebitco.in? Is it solely based off the fact that you guys are able to offer coin mixing services while freebitco.in sticks to just faucet and dice?

Because I feel like people who claim the faucet regularly wouldn't really be interested in exchanging their coins for alts per se, nor do they have the need to mix their coins. Whilst people who have a need for mixing large amounts of coins would simply do so on a large coin mixer like Chipmixer or whatnot.

The house edges are definitely more attractive it seems than Freebitco.in, but it's hard to compete when they've got so much of the faucet market share already.

[iamthewall]

Nothing against you at all, I think the concept is really interesting.

However, how do you plan on competing against freebitco.in? Is it solely based off the fact that you guys are able to offer coin mixing services while freebitco.in sticks to just faucet and dice?

Because I feel like people who claim the faucet regularly wouldn't really be interested in exchanging their coins for alts per se, nor do they have the need to mix their coins. Whilst people who have a need for mixing large amounts of coins would simply do so on a large coin mixer like Chipmixer or whatnot.

The house edges are definitely more attractive it seems than Freebitco.in, but it's hard to compete when they've got so much of the faucet market share already.

1. Our house edge is smaller than freebitco.in as you said.
2. We will offer higher faucet rewards in order to build much HYPE in the very beginning - we will then reduce the rewards to match our actual revenue from ads.
3. The marketing strategy was already planned however I do not want to disclose it because it is not the case to do it in public but I can guarantee you we have the money and the knowledge to attract many of their users as well.