BOUNCY COIN
Gambling addiction is a public health problem
It has been estimated that approximately 5% of all adults have symptoms of problem gambling. Neural states measured in problem gamblers have been compared to neural states invoked in cocaine dependence. Specifically, problem gamblers experience problems with impulsivity in making healthy gambling decisions. Lottery gambling has shown to have purchase patterns consistent with addiction In fact, research has shown that up to 15% of lottery players have symptoms of problem gambling.
Bad for Society
Numerous studies indicate that State Sponsored Lotteries impede the financial health of the poor which is bad for the overall health of society. The lottery’s demographic is skewed toward minorities, the less educated and the poverty-stricken — those with the least ability to pay for lottery tickets. The lottery has achieved mixed success with its major goals and targets the disadvantaged. Yet this legalized form of gambling is not only regulated by the state, it is state-sponsored.
Numerous studies indicate that State Sponsored Lotteries impede the financial health of the poor which is bad for the overall health of society. The lottery’s demographic is skewed toward minorities, the less educated and the poverty-stricken — those with the least ability to pay for lottery tickets. The lottery has achieved mixed success with its major goals and targets the disadvantaged. Yet this legalized form of gambling is not only regulated by the state, it is state-sponsored.
Business Opportunity
We see US State Sponsored Lotteries as a business opportunity for the introduction of games of chance that empowers players by allowing them to set parameters of their engagements and on terms that they create and control.
We see US State Sponsored Lotteries as a business opportunity for the introduction of games of chance that empowers players by allowing them to set parameters of their engagements and on terms that they create and control.
What is needed for the good of people everywhere are social ‘engagements’ that provide all participants the ability to create and manage risk and on terms that they control if they choose to engage in gambling-like behavior.
We have a SOLUTION
Bouncy Coin will stop the hemorrhaging of cash to State-run Lotteries by offering socially networked engagements where participants can win small amounts of cryptocurrency and/or prizes and where they create and control the odds of their engagements.
Bouncy Coin will stop the hemorrhaging of cash to State-run Lotteries by offering socially networked engagements where participants can win small amounts of cryptocurrency and/or prizes and where they create and control the odds of their engagements.
What is BouncyCoin?
GAME THEORY + CONSENSUS + BLOCKCHAIN + USER CREATED ODDS = BOUNCY COIN
GAME THEORY + CONSENSUS + BLOCKCHAIN + USER CREATED ODDS = BOUNCY COIN
Business Channels
Bouncy Coin will operate within three distinct business channels as outlined here but will focus on building its business in channel#1 first right after the ICO.
Bouncy Coin will operate within three distinct business channels as outlined here but will focus on building its business in channel#1 first right after the ICO.
1. User controlled gambling applications. This mode will be functional in any country that allows gambling. Bouncy Coin is a US Delaware LLC and does not possess a license to operate as a gambling business in any jurisdiction. Because of this Bouncy Coin will license (most likely at no cost) its first software app (based on our current MVP) to legitimate Casino operators for inclusion in their software offerings and will not serve back content directly to public facing consumers. Bouncy Coin will create two components for Casinos: (a) A public/partner facing Ethereum API. (b) Casino hosted and launched off-blockchain browser-based and mobile-based apps.
2. Contests. Formally, a ‘Zero Consideration’ contest. Any Bouncy Coin application served by Bouncy Coin servers in the United States will not require an entry fee to engage with. This is critical because of the formal definition of gambling, to wit: The definition of “gambling,” unless changed by statute, consists of any activity with three elements: consideration, chance, and prize. If any one or more of these elements is missing, the activity is not gambling7. Bouncy Coin applications hosted directly by Bouncy Coin will be free and will thus have ‘zero consideration’. Two other alternatives are to have an entry fee but no prize and one with no entry fee and no prize.
3. Financial Services via Financial Service Providers. This functionality will be implemented in the future. We are currently focusing our efforts on the 1st channel opportunity for 2018–19.
Our Offering
Putting players in control.
We propose to create several socially networked client-side interactive engagements as replacements for casino-style money betting, that empowers users to make intelligent and conservative money decisions.
Putting players in control.
We propose to create several socially networked client-side interactive engagements as replacements for casino-style money betting, that empowers users to make intelligent and conservative money decisions.
Bouncy Coin will change the misaligned purchasing behavior of buying Lottery Tickets by introducing socially aware fun engagements that equates monetary success to winning small amounts of prizes over extended periods of time and where users create and manage their own risk.
#1 first right after the ICO.
- Primary Model
We plan to give away our first app based on our current MVP to legitimate Casino and online Gaming companies. Bouncy Coin will hold a percent of BOUNCY tokens generated from the ICO.
- Primary Model
We plan to give away our first app based on our current MVP to legitimate Casino and online Gaming companies. Bouncy Coin will hold a percent of BOUNCY tokens generated from the ICO.
This represents a one-time event that will monetize Bouncy Coin for the near term. Our subsequent apps may be licensed for cost to Casinos based on our anticipated performance.
Most users will download a mobile game that will be installed on their phone or tablet. Users can also use a browser. Content is served back from the Casino Server which communicates with the Ethereum Blockchain. Bouncy Coin will run data analytics on the blockchain and present reports and data via a web browser to users and businesses.
- Secondary Models
Advertising Revenues Bouncy Coin will integrate an Ad Exchange to promote products within the client-side application. For example, in our MVP we will advertise on the modified Roulette table.
Advertising Revenues Bouncy Coin will integrate an Ad Exchange to promote products within the client-side application. For example, in our MVP we will advertise on the modified Roulette table.
Business Model for Channel #2
In this case Bouncy Coin serves back content to web-enabled browsers and manages the downloading of any mobile client content directly without a licensed casino business partner.
In this case Bouncy Coin serves back content to web-enabled browsers and manages the downloading of any mobile client content directly without a licensed casino business partner.
Legal Aspects of BouncyCoin
Bouncy Coin is a registered LLC and is not a Casino or licensed to operate in any country as such. Bouncy Coin LLC is a software developer who grants software licenses to other parties some of which are legitimate gambling businesses.
Bouncy Coin has legal license to use and distribute software described in this document either via the Web for multiplayer use or downloaded and played back on mobile devices for personal use. Bouncy Coin has patent pending applications with the US Patent and Trademark Office for aspects of the software.
token sale
Token Economics:
The BOUNCY token will function as a utility entry fee into Bouncy Coin games and as a dividend endpoint for these same token holders. For the time being we will also allow users to play games with ETH.
Token Economics:
The BOUNCY token will function as a utility entry fee into Bouncy Coin games and as a dividend endpoint for these same token holders. For the time being we will also allow users to play games with ETH.
In the Casino partner scenario, the Casino makes money when players lose and when players win. When a player wins a game, there is a slight fee taken out of the winnings. This fee is distributed to all BOUNCY token holders. Tokens pay a dividend every time *any* player wins although this dividend is not paid immediately. Every time a fee is collected it will be aggregated and distributed periodically by our smart contracts. This distribution frequency will be configurable.
TOKEN INFORMATION
TOKEN NAME: BOUNCYCOINS
TOKEN CODE: BOUNCYCOINSTOKEN
PRICE:1 ETH = 4,000–5,000 BOUNCYCOINS
NUMBER OF TOKENS FOR SALE =100,000,000 BOUNCYCOINS
TOKEN NAME: BOUNCYCOINS
TOKEN CODE: BOUNCYCOINSTOKEN
PRICE:1 ETH = 4,000–5,000 BOUNCYCOINS
NUMBER OF TOKENS FOR SALE =100,000,000 BOUNCYCOINS
ICO START = September 1, 2018 (9:00AM GMT)
ICO END = March 1, 2019 (9:00AM GMT)
ICO END = March 1, 2019 (9:00AM GMT)
PARTNERS
ALOCATION AND ICO
10% ( 10 M BOUNCY) — Pre ICO sale
70% ( 70 M BOUNCY) — ICO sale
5% ( 5 M BOUNCY) — Advisors
5% ( 5 M BOUNCY) — Bounty program
10% ( 10 M BOUNCY) — Bouncy Coin Company and Employees
70% ( 70 M BOUNCY) — ICO sale
5% ( 5 M BOUNCY) — Advisors
5% ( 5 M BOUNCY) — Bounty program
10% ( 10 M BOUNCY) — Bouncy Coin Company and Employees
Pre-ICO
10M tokens will be offered at Pre-ICO.
minimum contribution during Pre- ICO: 5 ETH (Approx. 2500 EUR / 2900 USD)
Pre ICO price = 0.0001 (1 ETH = 10000 BOUNCY)
maximum collected amount: 1000 ETH (Approx. $580k)
10M tokens will be offered at Pre-ICO.
minimum contribution during Pre- ICO: 5 ETH (Approx. 2500 EUR / 2900 USD)
Pre ICO price = 0.0001 (1 ETH = 10000 BOUNCY)
maximum collected amount: 1000 ETH (Approx. $580k)
ICO
70M tokens will be offered at ICO.
minimum contribution during ICO: 0.1 ETH (Approx. 50 EUR / 58 USD)
70M tokens will be offered at ICO.
minimum contribution during ICO: 0.1 ETH (Approx. 50 EUR / 58 USD)
Two price levels:
First 20M tokens sold:
price = 0.0002 (1 ETH = 5000 BOUNCY)
maximum collected amount: 4000 ETH (Approx. $2.3M)
First 20M tokens sold:
price = 0.0002 (1 ETH = 5000 BOUNCY)
maximum collected amount: 4000 ETH (Approx. $2.3M)
Next 50M tokens sold:
price = 0.00025 (1 ETH = 4000 BOUNCY)
maximum collected amount: 12500 ETH (approx. $7.25M)
Tokens not sold during the ICO will be burned.
price = 0.00025 (1 ETH = 4000 BOUNCY)
maximum collected amount: 12500 ETH (approx. $7.25M)
Tokens not sold during the ICO will be burned.
Token Distribution and Use of Funds
Product Roadmap
THE DEVELOPMENT TEAM
The following is a review that I present to all of you in searching for information and knowing the BouncyCoins project that is currently being run by our team, if there are deficiencies in explaining this article, don’t worry, I have prepared a link for you to get accurate information and of course you will be able to speak directly with our team, at the link.
For more information and to join BouncyCoins social media, please follow the following resources.
Website:https://bouncycoin.com/#team
Whitepaper:https://bouncycoin.com/whitepaper
Twitter:https://twitter.com/bouncycoin
Youtube:https://www.youtube.com/channel/UCqQD0wRwf0oyWA8-AxHUsmw
Linkedin:https://www.linkedin.com/company/bouncy-coin/
Instagram:https://www.instagram.com/bouncycoin/
Whitepaper:https://bouncycoin.com/whitepaper
Twitter:https://twitter.com/bouncycoin
Youtube:https://www.youtube.com/channel/UCqQD0wRwf0oyWA8-AxHUsmw
Linkedin:https://www.linkedin.com/company/bouncy-coin/
Instagram:https://www.instagram.com/bouncycoin/
Author (rawon ayam)
Bitcointalk Profil Link: https://bitcointalk.org/index.php?action=profile;u=1397196
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