There are three classes of competitors to BOUNCY COIN.
1.US State Lotteries.
State Lotteries are monopolies that benefit from physical points of presence and convenient accessibility that is difficult to compete against even for online gambling companies. State Lotteries leverage street presence within markets and liquor stores using colorful flashy signs that make it difficult for normal consumers to ignore. It is no coincidence that Lottery Tickets are usually sold at the same locations as other addictive products, alcohol and tobacco. Since States monetize so much from this business they have no incentive to offer clients the ability to create and set their own odds in these engagements.
2. Tribal-owned Casinos
Tribal-owned Casinos fall into the same category as regular card house casinos but operate on Tribal land. Native American gaming comprises casinos, bingo halls, and other gambling operations on Indian
reservations or other tribal land in the United States. Because these areas have tribal sovereignty, states have limited ability to forbid gambling there, as codified by the Indian Gaming Regulatory Act of 1988. As of 2011, there were 460 gambling operations run by 240 tribes, with a total annual revenue of $27 billion.6To play these Tribal games you must physicallybe on Tribal land; Tribal casinos do not operate Internet based betting.
3.Foreign-owned 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 recentlythat implement the State-style 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. We are currently focusing our efforts on the 1st channel opportunity for 2018-19.
Business Model for Channel #1
-Primary Model
We plan to give away our first app based on our current MVP to legitimate Casino and online Gaming companies. Bouncy Coin will hold a percent of BOUNCY tokens generated from the ICO. This represents a one-time event that will monetize BOUNCY COIN. for the near term.Our subsequent apps may be licensed for cost to Casinos based on our anticipated performance.
Most users will download a mobile game that will be installed on their phone or tablet. Users can also use a browser. Content is served back from the Casino Server which communicates with the Ethereum Blockchain. BOUNCY COIN. will run data analytics on the blockchain and present reports and data via a web browser to users and businesses. Secondary Models Advertising Revenues BOUNCY COIN. will integrate an Ad Exchange to promote products within the client-side application. For example, in our MVP we will advertise on the modified Roulette table.
Business Model for Channel # 2
In this case BOUNCY COIN. serves back content to web-enabled browsers and manages the downloading of any mobile client content directly without a licensed casino business partner.
Legal Aspects of BOUNCY COIN. BOUNCY COIN. a registered LLC and is not a Casino or licensed to operate in any country as such. BOUNCY COIN. LLC is a software developer who grants software licenses to other parties some of which are legitimate gambling businesses.BOUNCY COIN. has legal license to use and distribute software described in this document either via the Web for multiplayer use or downloaded and played back on mobile devices for personal use. BOUNCY COIN. has patent pending applications with the US Patent and Trademark Office for aspects of the software described in this document. Product Details-Features and Benefits Technology Stack Blockchain
Why Blockchain?
We use blockchain for universal trust and transparency. We will initially write Solidity contracts
to execute our Random Number Generation and associated logic. This source code will be published on GitHub for public inspection and will allow any party to examine and conclude that our random number logic is 100% fair. Also, since our contracts are on the blockchain other developers will be able to call these same Contracts in their offerings with correct access control. We plan to write contracts for networks other than Ethereum. Random Number Generation Our RNG algorithms do not use external Oracles. We are currently testing Commit–reveal and RANDAO approaches to be published for review. Off-chain componentsThe client-side game module is completely decoupled from the blockchain and communicates with the blockchain via a bridge API that we have defined. Our MVP is written in Unity 3D which talks to a Javascript API which then talks to our Solidity Contracts on the Ethereum blockchain.
Open Source Considerations BOUNCY COIN. filed for a US Utility Patent in 2017 for aspects of the MVP that is referenced here. Because of this BOUNCY COIN. will expose only the parts of our Solidity source code that do not implement our patent pending. We are doing this because if we are granted patents from the USPTO we can then defend them, but only if we have not open sourced our implementation of these patents. BOUNCY COIN. will open source all software that we create not directly related to patents that we hold or plan to apply for. Big Data Analysis/Machine Learning (AI)
Bouncy coin will data mine the Ethereum Blockchain Contracts it creates and transactions from users eng aging in BOUNCY COIN. games. This will allow us to create predictive models to better serve our clients ability to maximize their earnings.We plan to hire AI experts to write programs to assist players in real-time to make better investment decisions.
For More Information :
Website : https://bouncycoin.com/
Whitepaper : https://bouncycoin.com/whitepaper
Telegram : https://t.me/bouncycoin
Authors : tellysa
Bitcointalk's Profile : https://bitcointalk.org/index.php?action=profile;u=1898514
(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. We are currently focusing our efforts on the 1st channel opportunity for 2018-19.
Business Model for Channel #1
-Primary Model
We plan to give away our first app based on our current MVP to legitimate Casino and online Gaming companies. Bouncy Coin will hold a percent of BOUNCY tokens generated from the ICO. This represents a one-time event that will monetize BOUNCY COIN. for the near term.Our subsequent apps may be licensed for cost to Casinos based on our anticipated performance.
Most users will download a mobile game that will be installed on their phone or tablet. Users can also use a browser. Content is served back from the Casino Server which communicates with the Ethereum Blockchain. BOUNCY COIN. will run data analytics on the blockchain and present reports and data via a web browser to users and businesses. Secondary Models Advertising Revenues BOUNCY COIN. will integrate an Ad Exchange to promote products within the client-side application. For example, in our MVP we will advertise on the modified Roulette table.
Business Model for Channel # 2
In this case BOUNCY COIN. serves back content to web-enabled browsers and manages the downloading of any mobile client content directly without a licensed casino business partner.
Legal Aspects of BOUNCY COIN. BOUNCY COIN. a registered LLC and is not a Casino or licensed to operate in any country as such. BOUNCY COIN. LLC is a software developer who grants software licenses to other parties some of which are legitimate gambling businesses.BOUNCY COIN. has legal license to use and distribute software described in this document either via the Web for multiplayer use or downloaded and played back on mobile devices for personal use. BOUNCY COIN. has patent pending applications with the US Patent and Trademark Office for aspects of the software described in this document. Product Details-Features and Benefits Technology Stack Blockchain
Why Blockchain?
We use blockchain for universal trust and transparency. We will initially write Solidity contracts
to execute our Random Number Generation and associated logic. This source code will be published on GitHub for public inspection and will allow any party to examine and conclude that our random number logic is 100% fair. Also, since our contracts are on the blockchain other developers will be able to call these same Contracts in their offerings with correct access control. We plan to write contracts for networks other than Ethereum. Random Number Generation Our RNG algorithms do not use external Oracles. We are currently testing Commit–reveal and RANDAO approaches to be published for review. Off-chain componentsThe client-side game module is completely decoupled from the blockchain and communicates with the blockchain via a bridge API that we have defined. Our MVP is written in Unity 3D which talks to a Javascript API which then talks to our Solidity Contracts on the Ethereum blockchain.
Open Source Considerations BOUNCY COIN. filed for a US Utility Patent in 2017 for aspects of the MVP that is referenced here. Because of this BOUNCY COIN. will expose only the parts of our Solidity source code that do not implement our patent pending. We are doing this because if we are granted patents from the USPTO we can then defend them, but only if we have not open sourced our implementation of these patents. BOUNCY COIN. will open source all software that we create not directly related to patents that we hold or plan to apply for. Big Data Analysis/Machine Learning (AI)
Bouncy coin will data mine the Ethereum Blockchain Contracts it creates and transactions from users eng aging in BOUNCY COIN. games. This will allow us to create predictive models to better serve our clients ability to maximize their earnings.We plan to hire AI experts to write programs to assist players in real-time to make better investment decisions.
For More Information :
Website : https://bouncycoin.com/
Whitepaper : https://bouncycoin.com/whitepaper
Telegram : https://t.me/bouncycoin
Authors : tellysa
Bitcointalk's Profile : https://bitcointalk.org/index.php?action=profile;u=1898514
No comments:
Post a Comment