Blockchain based software that allows players to win money in games where they create and control odds. Bouncy Coin ICO rating – not rated.
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Active ICO : 01/10/18 – 28/02/19
About Bouncy Coin ICO (token sale)
Bouncy Coin propose to create several socially networked client-side interactive engagements as replacements for casino-style money betting, that empowers users to make intelligent and conservative money decisions. Bouncy Coin will change the misaligned purchasing behavior of buying Lottery Tickets by introducing socially aware fun engagements that equates monetary success to winning small amounts of prizes over extended periods of time and where users create and manage their own risk.
Legal Aspects of Bouncy Coin
Bouncy Coin is 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.
To quote William Mougayar, a token is “A unit of value that an organization creates to self-govern its business model, and empower its users to interact with its products, while facilitating the distribution and sharing of rewards and benefits to all of its stakeholders.”
The BOUNCY token will function as a private utility entry fee into Bouncy Coin games and as a dividend endpoint for these same token holders. For the time being we will also allow users to play games with ETH.
In the Casino partner scenario, the Casino makes money when players lose and when players win. When a player wins a game, there is a slight fee taken out of the winnings. This fee is distributed to all BOUNCY token holders. Tokens pay a dividend every time *any* player wins. Every time a fee is collected it will be aggregated and distributed periodically by our smart contracts. This distribution frequency will be configurable.