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MemberActivity: 104Merit: 20 [ANN] [RACE] CoinRace - betting protocol on Ethereum. Working dapp February 24, 2018, 12:58:42 AM

Last edit: February 28, 2018, 09:10:25 PM by gogle Merited by konstant111 (10) #1



CoinRace  a betting platform on Ethereum

Shortly we already have implemented a blockchain protocol with a trusted oracle for betting industry. Also, we created the game that runs on top of the betting protocol.



Team



Our team has already self-funded the development of technical description and

economic model for the CoinRace Game and Betting Protocol, as well as

proof of concept in code written in Nodejs, Ethereum smart contracts, and JavaScript that

covers complete process cycle. This protocol is available on GitHub.



Game Rules



Cryptocurrency coins are represented as cars. The cars run on a track. Some of the cars can run fastest than others in a specific period (currently there are 4-hours races).

We consider the acceleration if car speed as competition between coins.

You can bet on any car. Once your car wins, you win tokens from bets made on other cars, depending on your stack.



Game Interface







How to Bet







Prospects



We represent a great potential for betting on the blockchain. We have one implemented game already, but this is just example. We imagine the big potential of sports betting and going to implement trusted oracles, game builders for the community. You will be able to create own games and earn money based on our protocol and open source projects.



We have researched sports betting area, and the results look promising:



Sports betting is the area where it is quite easy to start doing it, while simultaneously rather hard to get the benefit. The main intricacy is in the correct evaluation of the possible risk to lose your money since when the game can be defined in a brace of shake it becomes complex to forecast the victory of one or another player for sure.



The choice of the sports that one would mostly like to bet on depends on the individual interest of the person, that is consistent due to the fact that it would be easier to understand and analyze overpast and upcoming events is you are all about being a fan. According to statista.com, the global sports market revenue rose from 76.1 in 2013 to 90.9 billion U.S. dollars in 2017.



Based on the reports of H2 Gambling Capital, the most trustworthy agency in analysis of the global gaming business, in 2015 the top 5 sports due to the the total bets were soccer (43.07%), tennis (20.95%), basketball (17.21%) volleyball (7.99%), hockey (6.94%). Other sports took 3.84 % only.







Source: H2 Gambling Company



Glossary



Blockchain Protocol - is set of decentralized entities to make everything working and expanding.



Trusted Oracle - a service which notifies blockchain about well known final result or event.



Game Builders - an open source project which helps to build decentralized game on Blockchain Protocol



Official Links



Website:

Whitepaper:

Buy RACE tokens:

RACE token:



Telegram Chat (English):

Medium:

Reddit:

Twitter:

GitHub:

Coub:



Buy Tokens



We propose to the interested parties to participate in a closed donation fundraising

organized by our project team that is happening now. Our maximum

donation target is set at 400 ETH (~ 300k USD); The token bonus during this period is 100%. Accepted currencies  only ether.

Raised funds will be used for the launch of a mainnet version of the game and protocol and preparation for a larger fundraising later.



(there you can purchase real RACE tokens only)

(there you can purchase test RACE tokens and play on testnet)



Bounty Program



1. RACE giveaway for the first 1000 users (stay tuned, we will create a separate post).



2. Bounty for translators and copywriters: Please discuss below in comments to this ANN.



3. Bounty for developers: Anyone who can propose interesting idea or advice to CoinRace and help to implement the functions will get some RACEs; it depends on the importance of the function.



ANN in Other Languages



Spanish

Romanian

Croatian





Shortly we already have implemented a blockchain protocol with a trusted oracle for betting industry. Also, we created the game that runs on top of the betting protocol.Our team has already self-funded the development of technical description andeconomic model for the CoinRace Game and Betting Protocol, as well asproof of concept in code written in Nodejs, Ethereum smart contracts, and JavaScript thatcovers complete process cycle. This protocol is available on GitHub.Cryptocurrency coins are represented as cars. The cars run on a track. Some of the cars can run fastest than others in a specific period (currently there are 4-hours races).We consider the acceleration if car speed as competition between coins.You can bet on any car. Once your car wins, you win tokens from bets made on other cars, depending on your stack.We represent a great potential for betting on the blockchain. We have one implemented game already, but this is just example. We imagine the big potential of sports betting and going to implement trusted oracles, game builders for the community. You will be able to create own games and earn money based on our protocol and open source projects.We have researched sports betting area, and the results look promising:Sports betting is the area where it is quite easy to start doing it, while simultaneously rather hard to get the benefit. The main intricacy is in the correct evaluation of the possible risk to lose your money since when the game can be defined in a brace of shake it becomes complex to forecast the victory of one or another player for sure.The choice of the sports that one would mostly like to bet on depends on the individual interest of the person, that is consistent due to the fact that it would be easier to understand and analyze overpast and upcoming events is you are all about being a fan. According to statista.com, the global sports market revenue rose from 76.1 in 2013 to 90.9 billion U.S. dollars in 2017.Based on the reports of H2 Gambling Capital, the most trustworthy agency in analysis of the global gaming business, in 2015 the top 5 sports due to the the total bets were soccer (43.07%), tennis (20.95%), basketball (17.21%) volleyball (7.99%), hockey (6.94%). Other sports took 3.84 % only.Source: H2 Gambling Company- is set of decentralized entities to make everything working and expanding.- a service which notifies blockchain about well known final result or event.- an open source project which helps to build decentralized game on Blockchain ProtocolWebsite: http://coinrace.co Whitepaper: http://ropsten.coinrace.co/whitepaper Buy RACE tokens: http://mainnet.coinrace.co/sale RACE token: 0x30487380ff0727521884053d8842007791a998d9 Telegram Chat (English): https://t.me/coinrace Medium: https://medium.com/coinrace Reddit: https://www.reddit.com/r/CoinRaceDapp Twitter: https://twitter.com/CoinRaceDapp GitHub: https://github.com/coinrace Coub: http://coub.com/coinrace We propose to the interested parties to participate in a closed donation fundraisingorganized by our project team that is happening now. Our maximumdonation target is set at 400 ETH (~ 300k USD); The token bonus during this period is 100%. Accepted currencies  only ether.Raised funds will be used for the launch of a mainnet version of the game and protocol and preparation for a larger fundraising later. Mainnet sale (there you can purchase real RACE tokens only) Ropsten sale and play (there you can purchase test RACE tokens and play on testnet)1.for the first 1000 users (stay tuned, we will create a separate post).2.: Please discuss below in comments to this ANN.3.: Anyone who can propose interesting idea or advice to CoinRace and help to implement the functions will get some RACEs; it depends on the importance of the function.