Horizon Platform Community [ANN] Bet on which of the top cryptocurrencies will lose the biggest!
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  • jerseymason

    26th July 2014 at 5:25 pm

    Here’s how the game works in August:

    I have issued a series of assets from the account 14785465405687188063 with alias RelativeShort1stOfMonth.

    Here are the asset IDs, in order of the Initial Ranking:

    1. Bitcoin: 2482738904162018009
    2. Litecoin: 5179247732074148923
    3. Nxt: 16306387065153877935
    4. Darkcoin: 3182402539482183570
    5. Peercoin: 3744138548399426800
    6. BitShares X: 10282162577955317993
    7. Dogecoin: 6596775517696737481
    8. Namecoin: 4799045567974386567
    9. MaidSafeCoin: 13033239985357258960
    10. BlackCoin: 11612505588273826616

    Each asset corresponds to one of the top 10 cryptocurrencies according to coinmarketcap.com, excluding Ripple. So rank #1 through rank #11 on coinmarketcap.com each have their own asset.

    I have offered for sale 100% of the shares of each of these coins at 1 NHZ/share.

    On August 1, a snapshot was taken of each of these cryptocurrencies’ ranks. This is the Initial Rank, posted above.

    On August 14, I will cancel all open orders. Whatever bets people have made at that point are final.

    On August 31, a second rank snapshot will be taken. This will be the Final Rank.

    Then I will assign a score to each cryptocoin according to the following formula:

    2^(FinalRank – InitialRank).

    For example, if Darkcoin falls from 4 to 7, its score will be 2^(7-4) = 2^(3) = 8.

    Then I will buy back all outstanding assets of each type at a price proportional to its score, minus my 10% house edge.

    This means that if the same number of shares have been purchased of NMC and MAID, but NMC’s rank doesn’t change while MAID’s rank drops by 1, that MAID’s payout will be approximately double that of NMC.

    Happy betting!

    Anomalous Event
    Participant

    Horizon: 0.00 HZ
    29th July 2014 at 10:25 pm

    reserved

    Anomalous Event
    Participant

    Horizon: 0.00 HZ
    29th July 2014 at 10:25 pm

    reserved

    Anomalous Event
    Participant

    Horizon: 0.00 HZ
    29th July 2014 at 10:26 pm

    reserved

    jerseymason
    Participant

    Horizon: 0.00 HZ
    6th September 2014 at 10:27 am

    ;D ;D ;D great, much opportunity to the moon

Viewing 5 posts - 1 through 5 (of 5 total)