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Well, what we will discuss this time is "lottery". Do you know what a lottery is? Have you ever played it? Or have you previously won a big victory in this chance game? Well, yes or no, but actually our discussion this time is not about lottery wins or lottery losses, but the main topic that we will examine in this article is some things about the lottery that is guaranteed to be unknown to you, even the lottery winner
Lotteries or lotteries are a form of gambling that involves withdrawing lots of prizes. In the early 20th century, most forms of gambling, including lotteries and bets were declared illegal in a number of countries, including the United States and most of Europe, but after World War II, the lottery slowly began to be legalized. Lotteries are mostly held by national and local governments.
The possibility of winning the lottery jackpot is determined by a number of things, including: the number of numbers that may come out, the number of numbers that have been issued, whether the order is significant and whether the number that was withdrawn is returned for the possibility of further withdrawal
Statistics show that state-sponsored lotteries endanger the financial health of poor people. Lotteries have achieved mixed success with the main targets and disadvantaged targets. But the form of gambling that was passed was not only regulated by the state, it was also sponsored by the state.
In the US, the state lottery is a profitable monopoly from physical outlets and has easy access thanks to colorful banners, making it difficult to ignore consumers even from online gambling companies.
GOVERNMENT-sponsored lotteries are relics of dinosaurs from the analog era. They create impossible opportunities, but they hide that fact by spending MILLIONS of dollars on luxury and luxury advertising. In short, government-approved lotteries provide fewer payments than the way traditional masses run lotteries back in the 1950s and 1960s. The modern lottery is more like a carrot with a stick installment scheme, than a legitimate way to be entertained by playing a game of chance; and, like all other things involving politicians, the modern lottery is broken and resembles nothing more than cash for the budget of the state government that is bound. What we have today is a bankrupt government running a lottery that benefits them to take advantage of the widely known problem of public health gambling, which mostly affects the poorest of us.
The BouncyCoin game is a social game that runs on universal blockchain that allows safe gambling behavior in a controlled environment and where Monetary success = wins a small amount of money over time.
70 Billion Dollars play Lottery Games in 44 of 50 states, play games with cheating opportunities with a very low probability of winning. Currently, in California to play Super Lotto Plus, a player selects five numbers from 1 to 47 and one additional number from 1 to 27. The chance of choosing all 6 numbers correctly and winning the grand jackpot is 1 at 41,416,353, which is equivalent to guessing one number from 41,416,353 possibilities.
Most people involved in this game do it out of desperation, community conditioning, and misinformation about opportunities. Lotteries, however, understand the possibility of winning and losing.
There is a dark side on Lotteries. Lotteries are a regressive tax on financially disadvantaged and disadvantaged groups who are the most aggressive ticket buyers. The Duke University study in the late 1980s found that 1/3 of the poorest households bought more than 1/2 of all weekly lottery tickets sold.
Gambling addiction is a public health problem. It is estimated that around 5% of all adults have symptoms of gambling problems. Nervous state measured in problem gamblers has been compared to a nervous state called cocaine dependence. In particular, the problem of gamblers has problems with impulsivity in making healthy gambling decisions. Lottery gambling has been proven to have a purchasing pattern that is consistent with addiction. In fact, research has shown that up to 15% of lottery players have symptoms of gambling problems.
What is needed for the good of people everywhere is social 'involvement' which gives all participants the ability to create and manage risk and on terms they control if they choose to engage in behaviors such as gambling.
Bouncy Coin will stop pushing cash for the state-run Lottery by offering social networking engagements where participants can win small amounts of cryptocurrency and / or prizes and where they make and control opportunities for their involvement. Gambling addiction is a public health problem
Bouncy Coin will operate in three different business channels as described here, but will focus on building its business on channel # 1 right after the ICO.
User-controlled gambling application. This mode will work in any country that allows gambling. Bouncy Coin is US Delaware LLC and does not have a license to operate as a gambling business in any jurisdiction. Because of this Bouncy Coin will give the first (most likely free of charge) software application (based on our current MVP) to legitimate Casino operators for inclusion in their software offerings and will not present the content back directly to consumers facing the public.
Bouncy Coin will make two components for the Casino:
(A) A public / partner faced by Ethereum API.
(B) Casinos host and browser-based off-blockchain launches and mobile-based applications.
Contest. Formally, the 'Zero Consideration' contest. Any Bouncy Coin application served by Bouncy Coin servers in the United States will not require an entry fee to get involved. This is very important because of the formal definition of gambling, namely: The definition of "gambling," unless modified by law, consists of any activity with three elements: consideration, opportunity and reward. If there are one or more of these elements missing, the activity is not gambling. The Bouncy Coin application hosted directly by Bouncy Coin will be free and thus will have 'zero consideration'. Two other alternatives are having an entrance fee but no prizes and one without entrance fees and no prizes.
Financial Services through Financial Service Providers. This function will be applied in the future.
Business opportunities
We see Lotteries Sponsored by the US as a business opportunity to introduce opportunity games that empower players by allowing them to adjust the parameters of their involvement and the terms they make and control.
What is needed for the good of people everywhere is social 'involvement' which gives all participants the ability to create and manage risk and on terms they control if they choose to engage in behaviors such as gambling.
We have SOLUTION
Bouncy Coin will stop pushing cash to state-run Lotteries by offering social network engagements where participants can win small amounts of cryptocurrency and / or prizes and where they make and control opportunities from their involvement.
Conclusion
If the US Supreme Court recently voted for states that could be legalized, the door of opportunity was wide open for BOUNCYCOIN. By using technology that can be used to find opportunities and opportunities online, BOUNCYCOIN stands in front of the online gambling market that is ready to change the world everyday. Individuals who enjoy entertainment from the game will be happy in the matter of paradigm shift in the world of gambling. As time goes by and people start reporting normal opportunities versus 'casino' opportunities, the budget for gambling costs may be underestimated by the big factor now. BOUNCYCOIN uses technology to empower people to use most operators and they are from them and they don't know losing.
Token Sales
BOUNCY Tokens will function as utility entry fees into Bouncy Coin games and as dividend end points for the same token holder. For now we will also allow users to play games with ETH.
In Casino partner scenarios, Casinos make money when players lose and when players win. When a player wins a match, there is a small fee incurred from winning. This fee is distributed to all BOUNCY token holders. Tokens pay dividends every time * each * player wins even though this dividend is not paid immediately. Every time a fee is collected, it will be collected and distributed periodically by our smart contract. This distribution frequency will be configurable.
ICO Breakdown A total of 100 million BOUNCY tokens will be issued
10% (10 M BOUNCY) - Pre-ICO sales
70% (70 M BOUNCY) - ICO sales
5% (5 M BOUNCY) - Advisor
5% (5 M BOUNCY) - Bounty Program
10% (10 M BOUNCY) - Coin Companies and Bouncy Employees
Pre-ICO
A 10M Token will be offered at Pre-ICO.
Minimum contribution during Pre-ICO: 5 ETH (Approx. 2500 EUR / 2900 USD)
Price before ICO = 0,0001 (1 ETH = 10000 BOUNCY)
maximum amount collected: 1000 ETH (Approx. $ 580k)
ICO
The 70M Token will be offered at the ICO.
Minimum contribution during ICO: 0.1 ETH (Approximately 50 EUR / 58 USD)
Two levels of the first 20M token price are sold:
price = 0,0002 (1 ETH = 5000 BOUNCY)
maximum amount collected: 4000 ETH (Approx. $ 2.3M)
The next 50M token is sold:
price = 0,00025 (1 ETH = 4000 BOUNCY)
maximum amount collected: 12500 ETH (around $ 7.25M)
Token Distribution
ROAD MAP
TEAM
For more information, please visit the link below:
Website: https://bouncycoin.com
Whitepaper: https://bouncycoin.com/whitepaper
Medium: https://medium.com/@bouncycoin
Github: https://github.com/BouncyCoin
Instagram: https://www.instagram.com/bouncycoin/
Youtube: https://www.youtube.com/channel/UCqQD0wRwf0oyWA8-AxHUsmw
LinkedIn: https://www.linkedin.com/company/bouncy-coin/
Twitter: https://twitter.com/bouncycoin
Reddit: https://www.reddit.com/user/bouncycoin/posts/
Author : AkangTravel
