DSValue
Distributed Lottery System
Release NOW!!!!!
Release date: August 7th, 2014
Maintaining the characteristics of bitcoin, DSValue integrates the decentralized P2P lottery in addition. Therefore, DSValue can be used to trade and exchange, also buy the lottery.Specifications: - Reward Per Block:
o 1~100 block: 100,000 per block (Premine: 10 million, 5 million for promotion, 5 million for internal incentive)
o 101~ 105120: 250 per block
o 105121~210240: 130 per block - Time Between Blocks: Every 2.5 minute, release in one year (See the Intro of DSPay, DSValue can change to the digital asset of DSPay in ratio of 1:1)
- Total Coin Supply: 52 million
- Difficulty Retarget: Dark Gravity Waves (DGW)
- Algorithms: X11
The Pre-mine DSValue： The gross of premine DSValue is 10 million coins. 5 million use for propaganda and promotion, the other 5 million for internal incentive. All the fund flow data will be open for the investors to check.
All the 5 million DSValue using for promotion, the address, amount and reason will be recorded and posted on the website.
DSValue team also will file the report about the fund flow at regular intervals. All the data can be tracked that make black box operation and misappropriation impossible.
Also we will solicit opinions for a better plan to public the fund flow later. Any comment is welcome.
The DSValue for internal incentive will have a lock-up period during which transaction is forbidden. Therefore, the team will never quit the project but focus on the progress of the software development. Details publish later.
DSValue Lottery:
How to play
The buyers can decide how much to spend on the P2P lottery by themselves.
No less than 0.001 coins per draw, and no upper limit.
5% of the amount will be charged as commission.
The buyer can play the lottery in two ways.
The first is, pick 5 red ball numbers from 1 to 20, and 2 blue ball numbers from 1 to 10. There are 5 prize tiers as below, Prize Level Matching Numbers Expected winnings[1] Odds of Winning
Red Ball Blue Ball
1 5 2 210,000 times of the stake 1 in 210,000
2 5 1 1,000 times of the stake 1 in 1,000
4 2
3 5 0 30 times of the stake 1 in 30
4 1
3 2
4 4 0 15 times of the stake 1 in 5
3 1
2 2
5 3 0 2 times of the stake 1 in 2
2 1
0 2
The second way has 3 prize tiers. Pick 6 different numbers from 1 to 15. Win a prize by just matching the 4 number or hit it big by matching all 6 numbers. Prize Level Matching Numbers Expected winnings[1] Odds of Winning
1 6 3,000 times of the stake 1 in 3,000
2 5 17 times of the stake 1 in 17
3 4 2 times of the stake 1 in 2
Note: [1] The total winnings cannot surpass the prize fund. In that case, the 80% of the prize fund will be divided equally among multiple jackpot winners. 80% of the rest divided equally to the send level winners. Other tiers’ prize will be distributed by this analogy.
All the prizes above share the same prize fund. If the prize fund has surplus, it will roll over to the next draw and be added to the prize fund for the following draw.
Loterry Check
To see whether won or not, buyers can check winning numbers on the official website, or find a recording of the draw by client.
The DSValue lottery draws occur every 12 hours.
The prize will be reward to the winners’ account automatically.
Prize abandon will not happen in this way.
Upcoming: Distributed Secured Transaction System (DSPAY):- Bitcoin is a low-cost electronic payment system that can save the cost in transaction.
- In daily business transactions, if one party broke a signed contract, the other would paid the cost of making sure the other party sticks to the terms of the contract and taking appropriate action(enforcement cost). The centralized systems, such as PayPal and Alipay, reduce the enforcement cost to some extent. Nonetheless, how to reduce the enforcement cost for decentralized system is still a problem to be solved.
- In order to minimize the transaction cast, out team are now working on the distributed secured transaction system which is without any center node and impossible to be controlled by anyone.
- After the upcoming distributed secured system release, DSValue can change to the digital asset of the system in ratio of 1:1. Then DSValue will come to an end.
- The release date of the system needs to be confirmed. Whitepaper of DSPay will issue later. Please follow up the announcement on the official website or on the official Social Network Site.
FAQ
