Ever want to play poker on the blockchain? Ever wonder if you could? Well, that is not quite what BNBPot is about at the moment BUT you can play much simpler games like Jackpot, Roulette, Fortune Wheel, make Price Calls and other sports games. So check this out, there was a sale for roulette tables on three chains that gave you the right to OWN, yes OWN the casino. The winners have to put up capital to run the NFT but all winnings are yours as the owner. Soon Slots will also be available but the details are under wraps for now. If you are a gambler I highly respect the team and the code is law. If you read it you can get a feel for the fairness of it all.
So, Jackpot is a game of chance that uses your input token value as the probability of winning. The wheel spins and you either win or lose. If you win it is instant and you get other benefits if the value of the pot is over $50, predominantly getting extra BNBP tokens. This onchain, fair, decentralized casino is going to be on 5 chains. BNB, Avalanche, Avax and Pulse Chain. The testnet image below shows pulse chain but the first live chain will be BNB. On October 10th 2022 BNB will go live for gaming. There is also a faucet for those who do not have enough BNB to pay for fees. 10 BNB were added to the faucet that dispenses 0.01 BNB per address.
- The minimum value to enter a pot is 1 USD.
2. A player’s winning chance is proportional to their entered value.
3. A pot goes live when 2 unique addresses enter with value greater than 1 USD.
4. Each pot has a countdown timer of 5 minutes after going live, then the winner will be calculated.
5. An unlimited number of players can enter within the 5 minute window.
6. An unlimited amount of value can be entered into the pot.
7. Each player can make an unlimited number of entries into the same pot.
8. Only whitelisted tokens are accepted into the pot.
9. All token prices are updated every 5 minutes.
10. The Pot fee is 1.5% to 3% of the total value.
11. BNBP holders have a reduced fee.
12. The fee is deducted from the token entered with the largest collective value.
13. All value that is entered into the Pot will be distributed out of the contract within 5 minutes.
14. The fees will be collected and held for distribution, lottery or buy and burn.
15. Players can connect their wallet directly or execute a manual transaction with the contract to enter.
16. To ensure total randomness the winner is calculated with a value based on several unique and unpredictable factors including the hash of the next block.
17. The contract will deny any transaction using a token that is not whitelisted.
Roulette Tables were sold on Opensea and Rarible for as high as 26 or 27 ETH. They are european style. Airdrop was distributed to all sacrifice contributors worth 800,000 of the 1,000,000 BNBP tokens minted.
Soon one will be able to bet on price calls as well. Not sure how this will work yet but my guess is it will be something like a pseudo-proxy option call and put on a strike price. My guess is similar mechanics will be used for the sports plays.
Not a financial advisor, No financial advice, Always do your own due diligence but if you are interested in BNBPot.io make sure you use my link. Thank you and good luck at the tables!