Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] MonetaryUnit [MUE] Quark based, CPU mining, faucet, explorer, pool, wallet
by
bizzyb
on 31/12/2015, 11:08:28 UTC
Quote from: Abiky on December 30, 2015, 05:55:52 PM
Quote from: bizzyb on December 30, 2015, 03:23:33 PM
Quote from: Abiky on December 30, 2015, 03:15:16 PM

Now this is certainly good stuff for the MUE project. I was thinking about the MUE loans a few days ago and also thought if Poloniex would be a good exchange for MUE as they offer you the ability to lend your coins and maybe this could be achieved with MUE. What you have stated here is an excellent idea.  Cheesy

Now I am working on making the MUELotto site which will consist of the ability and buy MUE lottery tickets with BTC or MUE and the winner shall be announced every 30th day of every month. Prizes would consist of huge MUE or BTC bounty (winner's choice)  Smiley

We did try this a while back
http://www.bitcoinprizedraw.com/
While we didn't have huge success (due to time and fund constraints) it definitely has potential.

Just checked Polo, looks they they are dabbling with offering 3rd party loans, so I've dropped them a feature request message to see if they would consider working with us.
Thanks for the heads up.

Well then if they is already a MUE lottery, then I guess there would be no need for another one right? I mean this one looks great and perhaps we could make this one become successful. And yes, getting Poloniex to work with MUE would be fantastic. Let's hope and see if we get added.  Grin
Unless someone else can do a better job?
This project has to be sustainable, and previously I just used my money (with some help) to try to generate some interest, which is not a sustainable way of doing this.
Ideally the lottery has to be at the very least cost neutral, so that would mean we would have to generate revenue by selling MUE to be able to offer BTC prizes (hoping that the buys come from people wanting to send their newly acquired MUE to enter the lottery).
I'm wondering whether in fact it would be more beneficial to the project if the lottery accepted BTC and paid out in BTC, and any revenue generated was simply put into buy support for MUE?
I think the domain is marketable www.BitcoinPrizeDraw.com though it does need a re-design and development.
If anyone knows of available "lottery" type software, let us know.