Ninjastic
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Re: ⚡️⚡️⚡️ 🔵🔵🔵 [ANN] ORBIT - No Limits P2P Gambling 🔵🔵🔵 ⚡️⚡️⚡️
by
OrbitHQ
on 30/10/2018, 11:29:15 UTC
Quote from: chan001 on October 30, 2018, 04:47:49 AM
Quote from: RyCriptoC on October 30, 2018, 02:05:35 AM
Quote from: phantam on October 30, 2018, 01:17:21 AM
Quote from: Nathan01 on October 29, 2018, 11:21:46 PM
Wow this is so cool.. Like really... I never thought of the possibility of joining a gambling network on the blockchain which is so attractive as this right now.. I'll be exploring much more in coming days  Cheesy

Really want more information on the project to see what it's about gonna spend some time reading about it i've always said though that gambling seems like the perfect target for blockchain due to its immutablity and it's distributed architecture it really lends itself to being able to handle something as important and widespread as gambling

It seems team just started working on this project. I don't even see whitepaper. Or I am missing something? I checked the site and they mentioned " ICOs are dead "So there will be no ICO from Orbit?

Peer to peer gambling?  I have lost of questions in my mind now. how it's going to work,  what type of gambling it will be, etc. Where I can find more info about this project.

Orbit is built on the Ethereum Blockchain.

Orbit is a peer-to-peer game of luck. Gamblers add ETH to buy a section of a ring. Rings have a limit of ETH which needs to be added for the ring to spin. When the limit is met, the ring spins and chooses a winner.

An example:  A 10 ETH ring is created. Someone buys 50% of the ring for 5 ETH. Another person or group of people must buy the next 5 ETH of the ring for it to spin. When this happens the ring spins, and will land on a winner. The winner is paid out 10ETH (- a ~0.5% fee for the site) through the smart contract.