CoinToss a new betting game and Asset



  • HEADS2 For the Win!

    Heads has won the coin toss this week!

    36,162 Burst Is the Winning Payout

    BURST-SG3H-LHD5-ULZA-9ECEK 22445.7534

    BURST-LEXW-ZEV5-J3QX-D2CAG 11224.6848

    BURST-EW9G-BZE7-E9VY-G39MW 2245.6602

    BURST-YDZE-BTHA-QP7P-9U7XP 245.9016

    9643.2 Burst were sent to the COINTOSS Asset 2674932917922497025 for the monthly dividen.

    410.8 Burst were collected by me.

    Alright round 3

    The minimum bet to 1 Burst. Another 45,000 Burst Bonus is up for grabs!
    Grab a few Burst at the faucet or surf bar and throw it down!

    HEADS3 2839008146512809726

    TAILS3 3033940794771643450



  • About the heads/tails bet
    I assume that the larger the bet size, the larger portion of the bonus you can win. However, the bonus only lasts for the first 4 rounds, is that not true? I presume that this distribution logic applies to the 75% of loser bets too.

    You say the winner gets his bet back if he wins, plus 75% of the loser's bet. What is the incentive to bet/buy more than one asset if there is no bonus any more?

    Theoretical example:

    4 people chose Heads for a total bet size of: 4000
    3 people chose Tails for a total bet size of: 3

    The Tails people win, and share 75% of 4000 Burst. If Tails would have lost, they would only have risked 3 Burst. The Heads people would be risking more to win less.

    So, if my theory is not way off, this gambling operations relies on people to voluntarily bet big on both sides so that there is actually something to be won and to risk their burstcoins against, otherwise you could end up with an unfair risk/reward ratio like in my example. Is this correct?



  • @Propagandalf You are correct. You would hope that the bet are somewhat equal. Check and see what side has the least and bet on that. I was hoping for more participation, that would max it out at 100,000 Per side. The Bonus is just some incentive to get people playing. Otherwise I don't know how you would do this without a "house" and way less of a pay out. The odds are the same but the the payout can change.

    Would be awesome to win on the side of the 3 hell of a return.

    Its not perfect but it was an idea... Its honest... We will see if it continues after the bonus. If it doesn't get more volume I won't be able to sustain it. I didn't count on the 1000 Burst fee to post the assets. So I have been taking that 2,000 from my 5%. The total bets on the last round were 3216 so you can see right away its not enough.

    Kinda sad I wish we could keep it going. If everyone bet at least 3-5 Cents we could fill it up. Even small guy could get some from the surfbar or faucets. Turn a little into a lot with the bonus right now.

    I'm open to suggestions, have been thinking about a lottery...



  • @crutsy That's a good and honest explanation! I hope it gets more support. I will go for heads this time. :)



  • TAILS3 For the Win!

    Tails has won the coin toss this week!

    45768.75 Burst Is the Winning Payout

    TAILS3 (3033940794771643450) Total found assets: 100000, Assets to be distributed: 8025
    Summary of proposed distribution of  45768.75BURST to 2
    Based on asset holders at timestamp 61339086 (Wed, 04 Nov 2015 10:38:06 GMT)
    ----------------------
    Number of assets, Account, Payout amount
    5025, BURST-LEXW-ZEV5-J3QX-D2CAG, 28658.93691589
    3000, BURST-SG3H-LHD5-ULZA-9ECEK, 17109.81308411
    

    12205 Burst were sent to the COINTOSS Asset 2674932917922497025 for the monthly dividen.

    1000 Burst were collected by me.

    Alright round 4 Wed July 27, 2016 5:00pm

    The minimum bet to 1 Burst. Another 45,000 Burst Bonus is up for grabs!
    Grab a few Burst at the faucet or surf bar and throw it down!

    HEADS4 6324195564883920096

    TAILS4 17644832105459186482



  • @crutsy HEADS HEADS HEADS XDD



  • HEADS4 For the Win!

    Tails has won the coin toss this week!

    47043.75 Burst Is the Winning Payout

    HEADS4 (6324195564883920096) Total found assets: 100000, Assets to be distributed: 8780
    Summary of proposed distribution of  47043.75BURST to 5
    Based on asset holders at timestamp 62009332 (Thu, 12 Nov 2015 04:48:52 GMT)
    ----------------------
    Number of assets, Account, Payout amount
    3000, BURST-GGPX-PP5S-LAGP-CBGCU, 16074.17425968
    3000, BURST-SG3H-LHD5-ULZA-9ECEK, 16074.17425968
    2750, BURST-JYHR-SPXP-YT22-5F4KM, 14734.65973804
    20, BURST-7C3B-9LDN-VSXL-4TXE3, 107.16116173
    10, BURST-PT54-8A45-ZX2L-5426V, 53.58058087
     
    

    12545 Burst were sent to the COINTOSS Asset 2674932917922497025 for the monthly dividen.

    1135 Burst were collected by me.

    Alright round 5 Wed Aug 3, 2016 5:00pm

    The minimum bet to 1 Burst.
    Grab a few Burst at the faucet or surf bar and throw it down!

    HEADS5 15548552188412289183

    TAILS5 12243289084417617509

    Don't forget the monthly asset COINTOSS payout on Aug 1st 2016
    Still available

    2674932917922497025


  • admin

    It seems like the mobile online wallet has the dividends feature still implemented:

    https://mwallet.burst-team.us:8125/index.html

    The reason for not having the Dividend+ feature in the newest version is that someone build it in there without committing the changes to our github - without documenting it.



  • @daWallet Good call I didn't even thing about the mobile wallet.



  • COINTOSS ASSET PAYOUT

    2674932917922497025

    COINTOSS (2674932917922497025) Total found assets: 100000, Assets to be distributed: 8611
    Summary of proposed distribution of  45616BURST to 6
    Based on asset holders at timestamp 62344969 (Mon, 16 Nov 2015 02:02:49 GMT)
    ----------------------
    Number of assets, Account, Payout amount
    5000, BURST-KKZA-XK7H-8YZ5-BKR87, 26487.05144583
    2200, BURST-LEXW-ZEV5-J3QX-D2CAG, 11654.30263616
    1000, BURST-GGPX-PP5S-LAGP-CBGCU, 5297.41028917
    300, BURST-JYHR-SPXP-YT22-5F4KM, 1589.22308675
    110, BURST-2JGY-A5ZQ-SRN8-2N4DZ, 582.71513181
    1, BURST-LRB7-UCWQ-ZGPQ-AR8LY, 5.29741029
    
    


  • HEADS5 Wins

    225 is the payout for the winners
    60 for the monthly asset
    15 for my fee

    HEADS5 (15548552188412289183) Total found assets: 100000, Assets to be distributed: 175
    Summary of proposed distribution of  225BURST to 2
    Based on asset holders at timestamp 62599906 (Thu, 19 Nov 2015 00:51:46 GMT)
    ----------------------
    Number of assets, Account, Payout amount
    150, BURST-LEXW-ZEV5-J3QX-D2CAG, 192.85714286
    25, BURST-7C3B-9LDN-VSXL-4TXE3, 32.14285714
    
    

    I have decided to end the CoinToss for a few reasons.

    1. Lack of interest
    2. The fees to make the assets cost more than it made.
    3. And to Yield to the newer and much more organized gambling products by other users like

    @gpedro https://forums.burst-team.us/topic/918/ann-lucky-games-investment-asset
    @Zeus https://forums.burst-team.us/topic/930/burst-games-web-based

    As for the COINTOSS monthly asset 2674932917922497025 I will pay out this toss's winnings and then place a buy back for all assets at 24 Burst. Sorry for any inconvenience.

    COINTOSS (2674932917922497025) Total found assets: 100000, Assets to be distributed: 8681
    Summary of proposed distribution of  60BURST to 8
    Based on asset holders at timestamp 62600019 (Thu, 19 Nov 2015 00:53:39 GMT)
    ----------------------
    Number of assets, Account, Payout amount
    5000, BURST-KKZA-XK7H-8YZ5-BKR87, 34.55823062
    2200, BURST-LEXW-ZEV5-J3QX-D2CAG, 15.20562147
    1000, BURST-GGPX-PP5S-LAGP-CBGCU, 6.91164612
    300, BURST-JYHR-SPXP-YT22-5F4KM, 2.07349384
    110, BURST-2JGY-A5ZQ-SRN8-2N4DZ, 0.76028107
    50, BURST-5JV2-2YU8-A4MF-E6BJV, 0.34558231
    20, BURST-YDZE-BTHA-QP7P-9U7XP, 0.13823292
    1, BURST-LRB7-UCWQ-ZGPQ-AR8LY, 0.00691165
    
    


  • Thanks for contributing to the community with your asset and game nonetheless! I enjoyed it while it lasted. :)



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