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Author Topic: ➫ ➬ ➫ ➬ WORLD CUP CONTEST on LuckyBit, guess world cup winner and win 5 BTC  (Read 13866 times)
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June 25, 2014, 08:06:54 PM
Last edit: July 10, 2014, 07:03:23 PM by binaryFate
 #1

5BTC World Cup contest on LuckyBit!
==> LuckyBit main thread <==






--------------------------------- Rules ---------------------------------

contest period = between the 27/06 23h59 (UTC) and the end of the world cup (end of the final game).



Choose your team and become a supporter!

Subscribe your bitcoin address to your favorite team (who you think will win the world cup). To do that send something to the corresponding address. (The amout doesn't matter, so send the minimal one, we just need one transaction from your address!).
Subscribtions will be close 1 hour before the final game of the world cup.

If you want to change team, you can send a new transaction to another one, but the earlier you bet on a team, the highest will be your share of the prize! (see further how we split the prize). You are considered a supporter of the team that received your last transaction.

Code:
TEAMS STILL PLAYING:
Germany      1fqZWtCbMsEhFxVYXDKMtnytKKzNRKszR
Argentina    1P5XeacLkA7oEsj1JmaC6oXDBjaw4Ukip5


TEAMS OUT:
Brazil       1LDSJ8fwHDEjTfTnhf8k8xT37L9pcyKJJL
Switzerland  1Jb8QoToonBAEdq1oUNwy3NzuiZZ2afUk1
Belgium      1JBezrA5EGfhHZxksRFNXyhvhj5WjDFK2e
USA          172qsoSJmdBhjTQp2tk4RBehPMtxeu4Mx9
Costa Rica   1ADecGvX49NEhBuqMioMLaWU958WYqVePv
Colombia     1L8LdezErNhVc3DERiK55poM4F3qKgQr8s
France       13Uh7R1hy6nCba3L6bzy31xuKRKaMYMNLM
Chile        1VjfvPF5Z4edgtChtPEE8BEY1rkTsnTjW
Mexico       16bViivD43uXKpTe2s9sVvBbnyRn7mB1B1
Uruguay      1A7y6GemZrvnyXnndMoinNCGmTtgWVRjQA
Greece       1P3ES1bX7bfnN2KvhHUMprMCpfE7ydb6oZ
Nigeria      16c7EzeGhfeqvCb7ZQ4n8xYqUiiSNho6Vz
Algeria      1KAonnFfZepS2joYwDzfKY4AQiGiuVXEYh
Netherlands  1PGYiPjaXSXT3RLjVSJMLZrFXh3taauHVP



That's everything you have to do! Have fun on LuckyBit and cheer for your team.
All your bets will then increase your part of the prize in case your team wins (see below)
Smiley


--------------------------------------





How do we select winners and split the prize

At the end of the world cup, the supporters of the winning team will share the 5BTC prize. It will be split among them based on the volume they wagered on LuckyBit during the contest period, and when did they choose the winning team. Those that chose the team earlier will have a bigger part of the prize.

More precisely, if you chose a team n days before the final, your amount will be multiplied by n+1 to determine your part of the prize.

Example:
Alice, Bob and Charly are the three supporters of France, and France wins the world cup.

Alice has wagered 1BTC on LuckyBit during the contest period, Bob 4BTC and Charly 5BTC.
Alice chose France very early, 15 days before the day of the final game. The amount she wagered is multiplied by 16 (her "earliness advantage").
Bob chose France also quite early, 9 days before the final day. His amount is multiplied by 10.
Charly has been supporting another team, until that team lost (Charly was sad). So he switch to France only 2 days before the final. His amount is multiplied by 3.

The total multiplied amount is then:
(Alice_amount * Alice_multiple) + (Bob_amount * Bob_multiple) + (Charly_amount * Charly_multiple) = (1 * 16) + (4 * 10) + (5 * 3) = 71
The share of Alice would be: (Alice_amount * Alice_multiple) / Total_multiplied_amount = 0.225
The share of Bob would be: (Bob_amount * Bob_multiple) / Total_multiplied_amount = 0.563
The share of Charly would be: (Charly_amount * Charly_multiple) / Total_multiplied_amount = 0.211

The prize of 5BTC would then be splitted according to their share of it (1.125BTC to Alice, 2.815BTC to Bob and 1.05BTC to Charly).

TL;DR: the more volume you play on LuckyBit, and the earlier you choose the team, the more you get at the end if the team wins.



Some notes


- LuckyBit doesn't act as a broker. The contest is free for everyone to participate. The 5BTC are from our own pocket.
- If you choose a "small" team early, you will probably get more in case they win! You might even keep the most part of the full 5BTC if you are an early adopter of that team. Wink
- Feel free to post here once you've become a supporter, and join us on the LuckyBit chat!
- Icing on the cake: this giveaway is provably fair Smiley


Good luck everybody, ask if something is unclear!

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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June 25, 2014, 08:45:13 PM
 #2

Damn, your awesome 5 BTC.

I`ll be looking forward to this update.
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June 26, 2014, 01:58:42 AM
 #3

This is awesome!!! Cheesy

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June 26, 2014, 08:00:51 AM
 #4

oh yeah awesome man site is rocking Smiley ..
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June 26, 2014, 08:05:28 AM
 #5

Great binaryfate, I was expecting contest from LuckyBit. Now time for more details.

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June 26, 2014, 09:36:28 AM
 #6

Awesome Contest  Shocked

So excited, i'll waiting for detail  Wink

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June 26, 2014, 02:56:51 PM
 #7

how do I want to participate?

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June 26, 2014, 03:19:44 PM
 #8

wow this is huge opportunity to get 5 BTC
waiting for more detail informations how we can join this contest Grin
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June 26, 2014, 03:52:10 PM
 #9

awesome Cheesy

i want to join give me the details for join Cheesy
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June 26, 2014, 05:46:16 PM
 #10

5 BTC is quite a bit to win.
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June 26, 2014, 05:48:48 PM
 #11

 Grin Grin Grin Grin Grin Grin Grin

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June 26, 2014, 11:38:40 PM
 #12

Rules posted!

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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June 27, 2014, 12:05:26 AM
 #13

man, im gonna have to go "old school" picking this.....i dont know anyone that could even name more than just USA as a team playing. 
lol, i thinkin the "dart board" method should suffice for this......

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June 27, 2014, 12:06:13 AM
 #14

I voted for The Netherlands.
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June 27, 2014, 12:34:16 AM
 #15

heeyy it's Argentina, not Argentinia!!

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June 27, 2014, 12:35:33 AM
 #16

heeyy it's Argentina, not Argentinia!!

Fixed  Embarrassed

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June 27, 2014, 02:24:38 AM
 #17

heeyy it's Argentina, not Argentinia!!

While we're being the spelling cops here, Chile ends with E, not I.

Crypto is dead, its community is a series of bad jokes.
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June 27, 2014, 03:24:22 AM
 #18

Brazil
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June 27, 2014, 05:58:54 AM
 #19

heeyy it's Argentina, not Argentinia!!

While we're being the spelling cops here, Chile ends with E, not I.

I was probably hungry   Cheesy

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June 27, 2014, 07:51:01 AM
 #20

it's Brazil        Grin
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