Arumi Crypto: BOUNCYCOIN - BET CASINO STYLE

Statistics show that state-sponsored lotteries harm the financial health of the poor. The lottery has achieved mixed success with its major goals and targets the disadvantaged. Yet this legalized form of gambling is not only regulated by the state, it is state-sponsored.

In the US, state lotteries are monopolies that benefit from physical outlets and have easy accessibility thanks to colorful banners, making it difficult to ignore consumers even of online gambling companies.

Bouncy Coin’s online competition comes from over 1,000 gaming companies that enjoy a 24 x 7 online presence. Several blockchain style lottery games have appeared recently that implement the Statestyle Lotto game on a blockchain architecture. Specifically, blockchain is used to expose (in source code) Random Number Generation (RNG) algorithms. RNG’s are used by online casinos in dice rolls, card shuffles, roulette spins and essentially any gambling process that requires a mathematically bounded but uncertain outcome that is not known beforehand. These online casinos offer all traditional casino games in the browser and/or on mobile devices.

Business Channels

Bouncy Coin will operate within three distinct business channels as outlined here but will focus on building its business in channel #1 first right after the ICO.

1. User controlled gambling applications. This mode will be functional in any country that allows gambling. Bouncy Coin is a US Delaware LLC and does not possess a license to operate as a gambling business in any jurisdiction. Because of this Bouncy Coin will license (most likely at no cost) its first software app (based on our current MVP) to legitimate Casino operators for inclusion in their software offerings and will not serve back content directly to public facing consumers.

Bouncy Coin will create two components for Casinos:

(a) A public/partner facing Ethereum API.

(b) Casino hosted and launched off-blockchain browser-based and mobile-based apps.

2. Contests. Formally, a ‘Zero Consideration’ contest. Any Bouncy Coin application served by Bouncy Coin servers in the United States will not require an entry fee to engage with. This is critical because of the formal definition of gambling, to wit: The definition of “gambling,” unless changed by statute, consists of any activity with three elements: consideration, chance, and prize. If any one or more of these elements is missing, the activity is not gambling. Bouncy Coin applications hosted directly by Bouncy Coin will be free and will thus have ‘zero consideration’. Two other alternatives are to have an entry fee but no prize and one with no entry fee and no prize.

3. Financial Services via Financial Service Providers. This functionality will be implemented in the future.

How it works

After launching the demonstration:

• Zoom in using the mouse wheel.

• Put the stakes in the net by pressing once in place and twice to confirm.

• Rotate the scene while holding down the right mouse button. • Change the size of the table by clicking on the drop-down menu located on the left side of the table.

Players submit a bet and enter a virtual queue. Bets are made in ETH or BOUNCY.

If the queue is not filled, the game will never play.

If the queue is full, the game is played.

Queue size = the maximum amount that a player can win.

Everyone wins

"House" wins ...

Win or lose, the "house" earns money in any case. The player wins ...

When a player wins, a small fee is withdrawn from the winnings. Token holders win ...

The fee applies to all owners of BOUNCY tokens. They encourage buying and holding BOUNCY markers because they are paid a dividend every time a player wins.

Road map:

Selling tokens

The BOUNCY token will function as a commissioning fee in Bouncy Coin games and as the end point of the dividend for these same token holders. Currently, we will also allow users to play games with ETH.

In the partner casino scenario, casinos earn money when players lose and win players. When a player wins a game, a small fee is charged from the win. This fee applies to all owners of BOUNCY tokens. Tokens pay dividends every time * any player wins, although this dividend is not paid immediately. Every time a fee is charged, it will be aggregated and distributed periodically by our smart contracts. This frequency distribution will be adjusted.

ICO distribution

A total of 100 million BOUNCY tokens will be released.

10% (10 M BOUNCY) - Advance sale of ICO

70% (70 M BOUNCY) - for sale ICO

5% (5 M BOUNCY) - advisers

5% (5 M BOUNCY) - The Bounty program

10% (10 M BOUNCY) - Buncy Coin and its employees

Pre-ICO

In the Pre-ICO 10M tokens will be offered.

minimum installment for up to ICO: 5 ETH (about 2500 EUR / 2900 USD)

The preliminary price of the ICO is 0.0001 (1 ETH = 10000 BOUNCY)

the maximum amount collected: 1000 ETH (about 580 thousand US dollars)