It is good to have something new in crypto gambling if I am not mistaken it is the first horse race betting in crypto.
But I think it would be better if it would be players bet against other player just my opinion.
And it is great that there is a faucet I haven't tried it yet but I am a little confuse about this are you a gambling platform or opening your own token/coin with your platform are we going to use your own crypto to use your platform or are we using ETH.
Hi,
Ethhorses is a gambling platform. Players bet on a horse, if the bet is accurate they receive a 5X payout.
For every bet placed, win or lose, there is a token called 'Horse Burn Token' which the contract gives to the bettor, at a rate of 1 ETH : 500 Tokens.
This token also burns at 5% on transfers (every time someone transfers this token, the supply falls by 5% of the amount transferred).
The idea is to incentivize people to bet. Whether the bettors win or lose, they will receive a valuable token they can sell on exchanges.
Now, there will be a presale to fund the bankroll for the game.
And this 'Horse Burn Token' will be given to people who invest in the presale - at a rate of 1 ETH : 2500 Tokens.
1/3 of the amount raised in the presale will go towards uniswap to provide liquidity for 'Horse Burn Tokens', at a rate of 1 ETH : 500 Tokens.
This is to give value to Horse Burn Tokens. So that they can immediately sell the tokens they receive by betting on the platform.
Also investors in the presale will receive tokens 5X cheaper than the initial price on Uniswap.
In short, people gamble -> contract gives them tokens which they can sell -> instant payout based on whether you win or lose at 5x multiplier.
Hope it was clearer, let me know if you need further information.
Regards,
ETHHORSES