This is a game that you play with metamask. It is an ethereum lottery, and the pot is made by a percentage of the keys that players buy. The pot is now at 530 eth (230k $) in 4 days of existence -double of yesterday-. The last person to buy a key wins the pot. Each person that buys a key adds 30 second to the timer, which is capped at 24 hours. This means that this active round will last a long time.
You can play this way, but this is gambling. How to make a moonshot out of this ? It is a well engineered synthetic moon. I would not be surprised if more and more gambling companies adopted this kind of smart contract. Every player receives a dividend based on the amount of keys he holds. Every player also receives a percentage of the final pot, percentage defined by the team he joined. The keys you bought will be auto sold at the end of the round. No panic sell nor crash possible as someone cannot sell his keys. You can however withdraw all his earnings at any time. If you join the team Snek, you will receive heavy dividends, and a lower part of the pot. As of now, you could achieve a 90% ROI in 3 days that way. This is 800% ROI in a month, without compounding (you can reinvest dividends in keys).
The risk however, is that the round does end before you break even with your dividends. Depending on the size of the pot, you may break even with your share at the end of the round. 2880 keys per day are required to keep the contract from paying out. At the current price this is rouglhy 2.5 eth per day. The pot currently gains 100+ eth a day and this is increasing. The round is likely to last until the key price becomes extremely large, and becomes a pool or whales battle, but we are VERY far from that as of today.
A similar game that was far less user friendly (P3D), ended up reaching 20,000 ethereum. The pot is only at 585 or so at the time if writing.
It's nice to see some clever use cases for smart contracts, even if it's just a simple game at the moment. I will provide some links for more information and a sign up link. Disclosure - the link is my referral code, so if that bugs you for whatever reason feel free to google it or something :D. None the less I've put my money where my mouth is joined the game.
I see it as a fun little gamble with high probability of return on investment, and also a way to support blockchain projects - imagine this gets huge like crypto kitties and makes it into the news, this could help bring more money into the crypto scene.
Anyway cheers and goodluck FOMOING friends.
LINKS:
Fomo3D explained - https://fomo3d.hostedwiki.co/pages/Fomo3D%20Explained
Fomo3D setup guide - https://fomo3d.hostedwiki.co/pages/Setup%20Guide
Fomo3D Wiki - https://fomo3d.hostedwiki.co/pages?order=created_at
Link to actually play - http://exitscam.me/embomb701
Hiii @ant884... 2019 Me ETH 1500$+ jayega
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I am in, I have made $4.00 already off of a $100.00 test investment, I will dump more in on payday, thanks for turning me on to this!
Kinda curious. I've never heard of anything like this before. How safe is it?
It's an open/audited smart contract. It's quite safe IMO.
As always DYOR though
Whoever buys the last key wins, who is going to let someone else get the last key? Game might go on a long time, in the mean time I am making dividends!
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