WHAT IS BOUNCYCOIN
The BouncyCoin game is a social game that runs on universal blockchain that allows safe gambling behavior in a controlled environment and where Monetary success = wins a small amount of money over time.
70 Billion Dollars play Lottery Games in 44 of 50 states, playing games with cheated opportunities with a very low probability of winning. Currently, in California to play Super Lotto Plus, a player selects five numbers from 1 to 47 and one additional number from 1 to 27. The chance of choosing all 6 numbers correctly and winning the grand jackpot is 1 at 41,416,353, which is equivalent to guessing one number from 41,416,353 possibilities.
Most people involved in this game do it out of desperation, community conditioning and misinformation about opportunities. The lottery, however, understands the chances of winning and losing.
There is a dark side on Lotteries. The lottery represents a regressive tax on financially disadvantaged and disadvantaged groups who are the most aggressive ticket buyers. The Duke University study of the late 1980s found that 1/3 of the poorest households bought more than 1/2 of all weekly lottery tickets sold.
Gambling addiction is a public health problem. It is estimated that around 5% of all adults have symptoms of gambling problems. The state of nerves measured in problem gamblers has been compared with the state of nerves called in cocaine dependence. In particular, the problem of gamblers has problems with impulsivity in making healthy gambling decisions. Lottery gambling has been proven to have a purchasing pattern that is consistent with addiction. In fact, research has shown that up to 15% of lottery players have symptoms of gambling problems.
What is needed for the good of people everywhere is social 'involvement' which gives all participants the ability to create and manage risk and on terms they control if they choose to engage in behaviors such as gambling.
Bouncy Coin will stop pushing cash to the state-run Lottery by offering social network engagements where participants can win small amounts of cryptocurrency and / or prizes and where they make and control opportunities for their involvement.
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.
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.
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.
Token Distribution
The BOUNCY token will function as a commissioning fee in Bouncy Coin games and as the end point of the dividend for these same token holders. Currently, we will also allow users to play games with ETH.
In the partner casino scenario, casinos earn money when players lose and win players. When a player wins a game, a small fee is charged from the win. This fee applies to all owners of BOUNCY tokens. Tokens pay dividends every time * any player wins, although this dividend is not paid immediately. Every time a fee is charged, it will be aggregated and distributed periodically by our smart contracts. This frequency distribution will be adjusted.
ICO distribution
A total of 100 million BOUNCY tokens will be released.
10% (10 M BOUNCY) - Advance sale of ICO
70% (70 M BOUNCY) - for sale ICO
5% (5 M BOUNCY) - advisers
5% (5 M BOUNCY) - The Bounty program
10% (10 M BOUNCY) - Buncy Coin and its employees
Pre-ICO
In the Pre-ICO 10M tokens will be offered.
minimum installment for up to ICO: 5 ETH (about 2500 EUR / 2900 USD)
The preliminary price of the ICO is 0.0001 (1 ETH = 10000 BOUNCY)
the maximum amount collected: 1000 ETH (about 580 thousand US dollars)
ICO
In the ICO will be exposed tokens 70M.
minimum installment during the ICO: 0.1 ETH (about 50 EUR / 58 USD)
Two price levels:
First sold 20M tokens:
price = 0.0002 (1 ETH = 5000 BOUNCY)
the maximum amount collected: 4000 ETH (about 2.3 m)
The following 50M tokens are sold:
price = 0.00025 (1 ETH = 4000 BOUNCY)
the maximum amount collected: 12500 ETH (about 7.25 million US dollars)
Tokens not sold during the ICO will be burned.
ROADMAP
FURTHER INFORMATION
Whitepaper: https://bouncycoin.com/whitepaper
Medium: https://medium.com/@bouncycoin
Github: https://github.com/BouncyCoin
Instagram: https://www.instagram.com/bouncycoin/
Youtube: https://www.youtube.com/channel/UCqQD0wRwf0oyWA8-AxHUsmw
LinkedIn: https://www.linkedin.com/company/bouncy-coin/
Twitter: https://twitter.com/bouncycoin
Reddit: https://www.reddit.com/user/bouncycoin/posts/
Roulette: https://bouncycoin.com/ruelet/WHgd9iqt9eZlCxGuTGbk.html
My profile: https://bitcointalk.org/index.php?action=profile;u=2071847
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