CoinToss a new betting game and Asset



  • ASSET / GAME ANN

    Coin Toss
    A chance to gamble a little with great return!
    So simply a coin will be tossed starting once a week HEADS or TAILS. Video posted for proof with date and time. If the assets fill completely first the game will begin right away. If not the game will play as long as there is some balance on both sides, once a week.

    There are two assets set up, one for each HEADS and TAILS.
    Each option has 1000 assets for sale at 100 burst for a total of 100,000 burst.
    You bet on the one of your choosing by buying the asset.

    It’s a 50/50 chance
    The winners will get their original Burst investment back as well as 75% of the Loser’s Burst’s.
    The Losers will lose all.
    After the round each asset will be worthless. The next round will be a new asset.

    As for the other 25%
    I will collect 5%
    The other 20% will feed into CoinToss Asset
    20,000 bonus for the first 4 rounds
    25,000 bonus for the first 4 rounds (thanks Crowetic!)
    Please understand that this is gambling!

    CoinToss Asset

    2674932917922497025
    This asset will collect 20% from each round of CoinToss and will be paid out at the first of every month. This asset will be released in full right away.

    My goal is to introduce something new to burst with simplicity and so that the little guys can get some action. I myself have been a small miner for over a year with only 6.5TB running on burst team pool. I don’t have a huge amount of coin and its mostly invested in assets. That being said I will add 20,000 bonus Bursts to the first 4 rounds of CoinToss. Crowetic also donated 25,000 for 4 rounds Thanks! Totaling 45,000 Burst/Round Bonus!

    I would like this to be a long running asset to strengthen the coin and also to prove concept for future projects. As always invest wisely. I myself lost bursts to INCOME as one of my first investments. I’m hoping that the low cost involved will show that this isn’t a scam as well as my small 5% profit. I am eager to pay out the first round! Each round all burst will be transferred to asset holders and all respective accounts. Everything will be verifiable with a block chain explorer.

    If anyone with bigger pockets wants to donate to the cause just send an equal amount of burst to the HEADS and TAILS accounts. I will split it between the first four rounds unless otherwise specified by the donor. These accounts will always stay the same. Just release new assets for each round.

    HEADS: BURST-FND2-K33B-ZJ43-HJ88Z

    TAILS: BURST-L937-BDB6-7YRU-7RMEV

    GAME ON!
    The first round is already up. These are the assets to BET on.
    The round will end when both the bets are filled or in 1 week (Wednesday July 6th) whichever comes first.

    HEADS1: 7246838654664676496

    TAILS1: 18101550250323881184



  • HEADS1 for the Win!

    Heads has won the coin toss this week!

    42075 Burst were paid out to one guy actually!

    11220 Burst were sent to the COINTOSS Asset 2674932917922497025 for the monthly dividen.

    800 Burst were collected by me.

    Alright round 2

    This time I will drop the minimum bet to 1 Burst. Hopefully we can get more involvement. 305 Burst is about 1 penny so don't be scared!

    Don't forget there is also a 45,000 Burst Bonus still!

    HEADS2 15255234479174319296

    TAILS2 17812335432941386116



  • This is cool.



  • 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. :)



  • I wonder if something like this can be restructured and used again? If there were any interest? There are a lot more burst users now for sure.

    Its sad that most all the gambling products that came after went bust or scammy.



  • @crutsy It's definiately a fun idea. but the liquidity in burst is kind of low, so I'm not sure many people are willing to spend it on something like this. I wouldn't mind participating in it every now and again, but not a big gambler myself.
    I think on BN there might be more people who this appeals to.