Re: [ANN]🔥💲[100% Bonus] ETHORSE - A working dApp to bet on the price of crypto💲🔥
by
Ethorse
on 28/02/2018, 18:50:16 UTC
📢Ethorse is live on Ethereum Kovan Testnet!!! 🎉 https://testnet.ethorse.com New interface, automated races every 6 hours (1hr and 24hr long races), upgraded infrastructure and optimized smart contracts. Minimum bet 0.01 Kovan ETH, no Max 💰
Shame I missed this ICO, love the concept of betting on other coins. Two questions though -
1) What would the difference be in betting the price difference vs simply buying the coin? Would it mainly be similar to a type of futures leverage?
2) Where can I buy ETHORSE post-ico? EtherDelta no longer loads for me and I cannot find on CMC.
1) Ethorse provides a betting system widely used in Horse Betting - "Parimutuel Betting". With this, if your coin wins by having even a slightly higher performance, you win from everyone who bet on the other coins. Eg: If everyone is betting on BTC or ETH, let's assume 100 ETH, and you are the only one to bet on LTC which later becomes a winner, then you get 100 ETH from the others even if you wagered only 0.1ETH. This is where the Pay-off odds come into play. Hopefully, this explains the huge potential of Ethorse in comparison to using the Exchanges. Also, there is no central party running these races, announcing the winner and issuing the payout. It's all done by smart contracts without any external control.
That's a good question. I actually hope there are fees, maybe like 2%, so that it's good incentive to keep the platform updated and running smooth as well as profitable in the long term.
5% take-out goes to HORSE token holders. We hold 15% of tokens.
Joined very interesting project, and it will really reward those who can identify an underdog. There are cryptos that involve betting, but it's a nice idea to have one to actually bet on cryptocurrencies themselves
Re: [ANN]🔥💲[100% Bonus] ETHORSE - A working dApp to bet on the price of crypto💲🔥
by
Ethorse
on 09/01/2018, 19:02:36 UTC
We have reduced the hard cap and the token price because of Ether price increase! Our hard cap is now 4000 ETH if we sell all the tokens in Phase-1. Website is now updated with contract address and gas limits. Do not send Ether until the scheduled time. Announcement: https://medium.com/@ethorse/ethorse-crowdsale-hard-cap-token-price-reduction-f71d57f83987