Quote from: joey.rich on April 02, 2019, 07:22:18 PM

PolyCash is a protocol which makes it possible to launch your own currency on top of any UTXO blockchain (Bitcoin, Litecoin etc). To create a new currency first install the blockchain of your choice. Install PolyCash and then import a text file defining your new crypto asset. This text file is called the game definition. Or use the game creator GUI to enter the parameters for your new asset. You can load any number of currencies into your PolyCash installation by importing their game definitions. PolyCash may take minutes, hours or longer to sync a crypto asset depending on its age and transaction volume.

PolyCash is a virtualization layer for the blockchain and PolyCash currencies inherit all the properties of Bitcoin like its cryptographic security & physical decentralization. PolyCash extends the blockchain to enable binary options functionality which means that you can use this platform to build fully decentralized prediction markets for betting on sports or anything else. PolyCash also allows you to create, hold and transfer contracts pegged to the value of ETH, BTC, stocks or anything else. PolyCash is a robot-friendly protocol and the PolyCash wallet app includes features which make it easy to set up an automated strategy to place bets or buy & sell assets for you in real time.

PolyCash is a competitor to Ethereums ERC-20 token issuance protocol and is ideal for representing ownership of intellectual property, companies, financial assets, commodities & more. PolyCash is fully open source and leaves currency issuers and users responsible for ensuring legal compliance wherever they do business. We believe that cryptocurrencies backed by dollars, bitcoins and other tangible sources of value are the future, and PolyCash makes it easy to back your currency with these value sources. In backed currencies, you can cash out at any time by destroying your coins in the correct way.

The PolyCash app is in great shape and weve already launched several crypto assets which are running smoothly in the real world. So far, weve launched testnet currencies for betting on eSports & cryptocurrency prices. Now we are seeking business partners to help us launch one or more dollar backed currencies for betting on sports and/or eSports. We are looking for several investors who would each create a betting hedge fund and would write an algorithm which would contribute to setting the odds by placing bets 24/7. Normal sports bettors will also be free to buy in, place bets, and withdraw at any time.

We are building a business using this technology, but we are also building a community around this technology unrelated to the business. The best way to get a better understanding of this project is to claim some free coins and then try betting on crypto prices in our Crypto Duels game. You can try out Crypto Duels by signing up for a web wallet or by downloading & installing PolyCash on your own computer. To claim free duelcoins from our faucet, you will need to visit https://poly.cash. You can also learn more by reading our blog, whitepaper or our source code.

Was this an another form of what we've already known, ethereum smart contract? But runs on the bitcoin and LTC blockchain on the other side? If that so, then it might be intended to create more cryptocurrency on the same blockchain and I don't want that to happen. As a crypto enthusiast and trader. Limiting the coins circulating on the market is increasing the market value and price of the existing coins. So, let us stick with what vintage coins can do. But on the other hand, let us give a chance to this system first, if it works good, and we better go little by little.