Quote from: FNetV1 on March 09, 2016, 03:56:17 AM

Quote from: LiskHQ on March 08, 2016, 10:28:30 PM

Tell us your best Dapp ideas & win great prizes!

Decentralized applications can be thought of as the bread and butter of Lisk. Therefore, in order to provide our Lisk Dapp developers with the inspiration to get coding dapps as soon as possible, today we are starting a contest for the best Dapp ideas.

Contest Details

Make a concept for your dream Dapp, and post it to our official forum on the Decentralized Applications board. Your concept can contain descriptions, images, diagrams, projections and code. The more elaborate your concept is, the higher your chance of winning.

The contest starts with this announcement (7th March) and ends on the 13th March, at the same time as the BTC exchange bonus drops from 5% to 0%. Please note, early submissions will have no greater priority over later submissions.

We (Oliver and Max) will elect the three winners ourselves, based upon feedback from the community. Winners will be chosen based on the ideas which we feel will draw the biggest attention, and create practical use-cases for the Lisk network.

Everyone can submit as many ideas as they want. To avoid someone submitting an idea before you have completed a submission, you may briefly describe your idea in a forum post, and then enhance that submission over the course of the week with further materials.

Decision criteria

- Quantity and quality of the concept materials (50%)
- Benefits to the Lisk ecosystem (30%)
- Feasibility (20%)

Prizes

The best three ideas will get their own video similar to this one, which can then be used to promote your idea to potential investors, the Lisk community or business partners.

Additionally, we will give out a Raspberry Pi 2, Raspberry Pi 3 and Lisk T-Shirts, according to the following prizes:

- First prize: Raspberry Pi 3 + Lisk T-Shirt + Video
- Second prize: Raspberry Pi 2 + Lisk T-Shirt + Video
- Third prize: Lisk T-Shirt + Video

We shall also use the Dapp ideas and videos to promote the Lisk platform to potential developers. All concept materials will be made public, and will be placed in the hands of the whole Lisk community

Blog Post Announcement

Here's my idea for starters:

a Casino Lisk Dapp that is completely decentralized and that isn't owned by no one and there is not an entity that makes a profit out of the winnings of loosing of people's funds. Example on how this Casino Dapp can operate: The "Giver" are the ones who deposit funds to be made available for the "Takers" to win WHEN they, (The "Takers"), gambles with their Lisks.

Example, a Giver funds the Casino Dapp pool with 20,000 Lisks and make available these Lisks as available funds that can be used to pay a winner or winners of a particular casino game such as Blackjack, Slots or even Roulette. IF the "Taker" (the regular customer that gambles) looses, then "Giver" (The person or persons that contributed towards the Casino's pool of funds) earns the loser's funds proportionally.

Further example:
Lets say there are three "Givers" that each has controbuted Lisks towards the Casino's operating funds, these Givers and their amounts were:
Giver A: Deposited 10,000 Lisks
Giver B: Deposited 20,000 Lisks and
Giver C: Deposited 40,000 Lisks

Therefore, there are a total of 70,000 Lisks available for the Casino to pay out any potential winners. The casino will, in real time, adjust any prizes and "jackpots" depending on the total amounts of funds availability at any given time.

Lets say there are one "Taker" at the time playing Slots, the taker deposits 10,000 Lisks and decides to gamble those and the taker looses.
Because the Taker lost all their funds, the "Giver" earns these funds in the following proportional amounts:
Giver A: Because Giver A deposited 10,000 for the Casino to use, Giver A earns 1,250 Lisks
Giver B: Because Giver B deposited 20,000 Lisks for the Casino to use, Giver B earns 2,500 Lisks
Giver C: Because Giver C deposited 40,000 Lisks for the Casino to use, Giver C earns 6250 Lisks

In the other hand, lets say the Taker (the customer who gambles) wins, and lets say the price was 1,000 lisks, therefore the Casino would have lost 1,000 Lisks out of a total of 70,000 lisks that was at the pool, in this instance the losses are shared proportionally to every Giver involved.

The Lisk Casino Dapp can be configured to operate under a 5% house edge, that way there can be incentive for Givers to give their funds to fund the casino's operating budjet.

Once again, the Lisk Casino Dapp wont be owned by anyone, it will be open source, there will be no central authority to collect any funds or to profit from this Casino. Those who will be "profiting" from this casino are purely the "Givers" that deposit their Lisks to the Lisk Casino Dapp and the more a particular Giver deposits, the more profits he or she can earn out of the losses of the Taker's gamblers.

The Algorithm or in other words, the Random Number Generator should be programmed as fair as possible and in a way that it can't be manipulated by anyone. Of course, once the Dapp is unleashed to the network it is assumed that it can't be manipulated, or controlled or stopped by anyone, making the world's first fair owner-less decentralized Casino Dapp.

--END OF MY FIRST DAPP IDEA FOR THE PURPOSES OF ENTERING MYSELF INTO THIS CONTEST AND TO CONTRIBUTE TOWARDS THE BETTERMENT AND WILD ADOPTION OF LISK--

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