the eggstraordinary whitepaper · welcome to goosebet.io, the gaming platform that provides...
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The Eggstraordinary
WHITEPAPERof GooseBet.io Gaming Platform
What isGooseBet?Welcome to GooseBet.io, the gaming platform that provides unparalleled
entertainment and profit opportunities. GooseBet innovates on the concept of
a casino that pays dividends to the players and brings that experience across
chains to more of the major cryptocurrency communities. The platform is filled
with reward systems to give players many ways to win and earn over time.
GooseBet offers an ever-growing
catalog of high-quality games for
players to enjoy. The team will
continually develop provably fair in-
house games as well as partner with
top-tier game providers to bring in a
wide variety of options.
Whether you are looking for a gaming
experience that provides the best
variety of games and loyalty rewards
or are looking to invest in the future of
gaming for a large return, GooseBet.io
has you covered.
GooseBet Token (GBT)GBT is a TRC-20 token based on the Tron blockchain. Using Tron allows for
fast and essentially free transactions. Players earn GBT by playing games on
GooseBet.io, which is also known as “mining” tokens. These tokens are the basis
for the platform’s revenue sharing system through dividend distribution.
GBT will not be initially withdrawable at launch in order to keep trading from
hurting initial mining incentives. Unlike other platforms which hold tokens
hostage for an unknown length of time, withdrawals will open and GBT token
will be listed on an exchange three months after launch, or after 20% of the
total supply is mined (40 Million GBT). We want to give you peace of mind,
knowing exactly when your mined tokens will be available to trade.
The Total supply is 200,000,000 GBT
Players....................................... 50%
Team...........................................20%
Player Bonus Mechanics..........15%
Marketing...................................10%
Hourly Race..................................5%
Mining GBTPlayers mine GBT tokens by playing games, with the amount depending on
the size of the bet. It does not matter if the bet was won or lost, either way the
player earns GBT.
On the first day, players will earn 1 GBT token for every 800 TRX wagered (or the
equivalent amount in another currency). Every day the mining rate increases by
5 TRX, meaning on the second day a player needs to wager 805 TRX to earn 1
GBT. Tokens are distributed after every bet, regardless of size, so even if the bet
is less than 800 trx, the player would still earn a fraction of a GBT token.
Specific games may have adjusted rates, which could make them earn more or
less for a given bet, based on their house edge. If this applies, the game will be
labeled with that information. Adjusted rates still scale up as the overall mining
difficulty increases.
Players keep the full amount of GBT that they mine, but to create the token
distribution outlined in the GBT token section, an additional amount of GBT is
mined with each bet. For every 1 GBT earned by a player, 0.4 GBT is mined for
the team, 0.2 is mined for marketing, 0.3 is mined for player bonuses, and 0.1 is
mined for the Hourly Race.
Dividends on GooseBetDividends are GooseBet’s way of giving its profits back to its players. The
dividend pool includes all of the profits the casino has made but has not yet
distributed to the community. When players lose, this pool increases and when
they win it decreases. Due to the house edge of the casino games, the value of
the pool will always increase.
In order to receive dividends, players only need to have GBT tokens deposited
on GooseBet.io, where tokens will be eligible as soon as they are mined. There
is no need to add the extra complication of “freezing” tokens as other projects
have, this way it is as easy as
possible for players to earn.
The dividends are distributed
proportionally to the amount
a user has deposited, so if
a player has 1% of all GBT
deposited on the platform they
would earn 1% of that day’s
distributed dividend.
GooseBet brings the next innovation in dividend distribution. While other
projects have paid out too little of their pool to be attractive or so much that
they required later cuts to survive, GooseBet’s dividend pool pays out an
adjustable percent over time. On the first day, 15% of the value of the pool will
be distributed as a dividend to GBT holders. Every day the percent paid out
decreases by 0.2%, meaning 14.8% of the pool would be paid out the second
day and 14.6% on the third. The payouts flatten out at 3%, two months after
launch. This payout model is carefully balanced to be attractive to early players,
giving the site popularity, while also scaling down over time for long run success.
Setting out this model in advance allows for players to plan out their earnings
and not need to worry about sudden changes in payout rate.
Dividend Innovation
Dividend Payout Structure
Currency OptionsGooseBet aims to be the premier gambling and earning site not just for a single
blockchain, but across many different ones. That is why the platform will launch
with the ability for users to play with TRX, BTC, ETH, and USDT. This means that
all four of those currencies will be earned as dividends for GBT holders.
In order to easily switch to whichever currency a user desires to play with,
GooseBet is integrating Changelly as a currency exchange. Changelly allows for
swaps between FIAT and a wide variety of cryptocurrencies and is integrated
into the account system to simplify the experience of topping up an account.
GooseRank RewardsOne of the ways that GooseBet rewards players is through large crypto rewards
for reaching a new rank. Each rank has a requirement of some amount of a
currency wagered and a corresponding prize. The higher the rank, the higher
the prize. Players can level up separately for each currency, meaning they can
earn all the prizes for each one.
TOTAL REWARD
5,000,000 TRXTO
TAL
REW
ARD
500
ETH
TOTAL REWARD
10 BTCTO
TAL
REW
ARD
100,
000
USDT
GooseBet FairnessEnsuring a fair gambling experience is important, which is why GooseBet uses
RNG-certified game providers and provably-fair technology for its in-house
games, marked by a badge on the game.
The provably fair system is based on a hash chain. Any given hash in the chain
could be used to determine the next hash in the chain, but it is not possible
to use it to find what the previous hash was. A public seed value is hashed a
certain number of times (100 times for example) for a given chain. The player
is given the 100th hash in that chain before the bet takes place. Then the 99th
hash is used to calculate the dice result in a deterministic way and the 99th hash
is made public. The player can then verify that when hashed, the 99th hash
generates a value that matches the 100th hash they received before the bet to
make sure nothing was manipulated during the number generation process.
Hourly RaceThe hourly race is an hourly competition where players win prizes based on how
much they wagered during that period. All games and currencies count towards
the volume measurement.
The hourly race is funded through two means. The first comes from the
GooseBet platform itself, with 5% of the casino’s profits going to the top 10
players based on the volume in that hour period. The second funding is from
the players, as a small amount of every bet goes into the hourly race. Together
GooseBet is able to ensure the hourly race remains competitive and worthwhile
for all players, big and small.
Referral ProgramReferring players to GooseBet gives the referrer 0.2% of all future bets from
the referred players. The platform covers this cost, so referred players are not
negatively affected. The referral program allows for passive income for as long
as those referred players use GooseBet.
GooseBet AccountPlayers can access their GooseBet account from any device with email and
password authentication. Once logged in, each currency a user wants to deposit
has a specific deposit address so that the user can deposit funds from the wallet
or centralized exchange of their choosing.
The Future Of GooseBet
Q3 2020• GooseBet.io launches• Adding Plinko• Adding Hi-Lo• Variety of slots games• Additional slots provider• Adding Roulette
Q4 2020
• Adding Live Dealer games• Sports Betting• New in-house game• Texas Holdem• New games provider• Top exchange listing for GBT• Jackpots• Deposit bonuses• Gambling license
2021+• Achievements• Additional ways to earn• New promotions• New top tier coins added for
gaming and dividends• New multiplayer game• Several new games providers
GooseBet CommunityAt GooseBet we welcome a strong, fun and happy community. Our team are
located throughout the world, so you can guarantee someone will always be
there to answer any questions or solve any problems you might encounter.
WebsiteURL: https://goosebet.io/
News Blog: https://news.goosebet.io/
ChatsTelegram: https://t.me/GooseBetio
Discord: https://discord.gg/AWXHP9K
Social MediaTwitter: https://twitter.com/Goosebet_io
Facebook: https://www.facebook.com/GooseBet-107615600927700/
Instagram: https://www.instagram.com/goosebet.io/