BouncyCoin
PRELIMINARY
In 2014 Americans spent 70 billion dollars playing Lottery Games in 44 of 50 states. Gambling addiction is a public health problem. It is estimated that around 5% of all adults have symptoms of gambling problems
. Neural states
The measured problem in gamblers has been compared to the state of nerves called in cocaine dependence. In particular, problem gamblers experience problems with impulsivity in making healthy gambling decisions. Lottery gambling has been proven to have a purchasing pattern that is consistent with addiction3.
. In fact, research
has shown that up to 15% of lottery players have a symptom of a gambling problem . Bouncy Coin will stop pushing cash for State-run Lotteries by offering social networking engagements where participants can win small amounts of cryptocurrency and / or prizes and where they create and control their engagement 0pportunities.
Token Sale
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 users will be able 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.
Product Details - Features and Benefits -Technology Stack -Blockchain
Why Blockchain? We use blockchain for universal trust and transparency.
We will initially write Solidity contracts to execute our Random Number Generation and associated logic. This source code will be published on GitHub for public inspection and will allow any party to examine and conclude that our random number logic is 100% fair. Also, since our contracts are on the blockchain other developers will be able to call these same Contracts in their offerings with correct access control. We plan to write contracts for networks other than Ethereum.
Random Number Generation
Our RNG algorithms do not use external Oracles. We are currently testing Commit–reveal and RANDAO approaches to be published for review.
Off-chain components
The client-side game module is completely decoupled from the blockchain and communicates with the blockchain via a bridge API that we have defined. Our MVP is written in Unity 3D which talks to a Javascript API which then talks to our Solidity Contracts on the Ethereum blockchain.
Open Source Considerations
Bouncy Coin filed for a US Utility Patent in 2017 for aspects of the MVP that is referenced here. Because of this Bouncy Coin will expose only the parts of our Solidity source code that do not implement our patent pending. We are doing this because if we are granted patents from the USPTO we can then defend them, but only if we have not open sourced our implementation of these patents. Bouncy Coin will open source all software that we create not directly related to patents that we hold or plan to apply for.
Big Data Analysis/Machine Learning (AI)
Bouncy coin will data mine the Ethereum Blockchain Contracts it creates and transactions from users engaging in Bouncy Coin games. This will allow us to create predictive models to better serve our clients ability to maximize their earnings. We will hire AI experts right after the ICO to write programs to assist players in real-time to make better investment decisions.
Token Sale
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.
ICO Breakdown
A total of 100 Million BOUNCY tokens will be issued.
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
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)
ICO
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.
Token Distribution:
Token Distribution and Use of Funds
Roadmap
INFORMATION:
Website: https://bouncycoin.com
Whitepaper: https://bouncycoin.com/whitepaper
Medium: https://medium.com/@bouncycoin
Github: https://github.com/BouncyCoin
Instagram: https://www.instagram.com/bouncycoin/
Twitter: https://twitter.com/bouncycoin
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