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World’s first collectible art lottery card [ETHER-ARTS] will give direct Ethereum reward to its owners

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Ether-arts is an ERC721 standard backed art lottery ticket, which combines art and games. Based on the Ethereum blockchain, this new collectible can provide direct Ethereum compensation to the participants. Applying blockchain ensures that the user’s data and ownership are safe and the value of the digital collectible is protected as its issue volume is limited.

Whether a user wins or loses in the lottery, the card is re-used in the next winner’s draw endlessly.

Each card has its own color property. Although the paintings/artwork might be different, cards with the same color property will have the same price and publishing amount. The color properties are listed below.

Special Cards [Amber, Silver, Gold, Emerald, Sapphire, Ruby, Diamond] are not for sale and are listed only for marketing purpose. Each special card has two recipe cards and a player with two recipe cards can get that particular special card for free. However, the supply is limited.

Purchasing a card

Each Ether-arts card’s price and supply amount is unique based on its color property and can be purchased at a fixed price from the website. Additionally, 50% of the purchase amount is accumulated in the reward fund.

Small probability game at 50% discounted price

If a user wishes to play but feels that the cards are too expensive, they can opt for a small probability game that allows them to pay 50% of the price of each card. The smart contract will then decide if the user can get the card or not based on a fair and transparent random number.

Winner Selection

With this new blockchain game, players can get rewarded by the periodic lottery system, where every 10 days [days ending with 5, such as 5th, 15th, 25th], the smart contract chooses the 2 winner cards. Players holding these selected cards are given Ethereum rewards under a predefined policy.

The lottery algorithm receives random numbers from an external trustworthy source like wolfram alpha. What makes the external source more reliable is that the random number generated within the blockchain ecosystem can be unsafe and predictable, making the external source fair, provable, and transparent.

Reward Policies

Players who own both the winner cards will be the “first prize winners”. The first winners will share 45% of the total rewards fund and the reward is equally divided if there is more than 1 winner. A player will be considered as the “second prize winner” if they own either of the two winner cards selected, with a shared reward of 35% of the prize pool.

As there are only 2 winner cards, the 2nd prize winners are divided into two group and the second prize money can vary from user to user depending on the total supply of the cards owned and the number of people falling under this category.

For instance, cards A and B are winners. Group A, consisting of players who owned only card A will share 17.5% of the rewards fund, and group B, consisting of players who owned only card B will share 17.5% of the rewards fund. As 45% of the reward fund is shared by the first prize winners and 35% is shared by the second prize winners, the remaining 20% of the reward fund is transferred to the next round’s prize pool. This acts as a small motivator for new customers and ensures that the reward fund of the next round is not zero. Additionally, if there is no second prize winner, the 17.5% awarded to that card will also be credited to the next game’s fund.

User-to-user card exchange market

Integrated into the website, the user-to-user card transaction functionality helps the players sell an ether-arts card that they no longer need, at a favorable price of their choice. The prize is required to be registered at the “my collection” menu. All cards, even if they are up for sale, will be owned by the original owner until the cards are sold. Additionally, before the cards are sold, the original owner can also claim the mission rewards. The reward is assigned to the owner’s wallet address, not to the ether-arts card itself.

Copyright of a picture

Ether-arts respects the artists’ copyright and has entered into a copyright contract with 12 artists from around the world, as of February 2019, for using their artworks in the card design. The artists are paid a royalty of 10% of the total amount of the cards sold.

Furthermore, Ether-arts also has its own artwork created by the team’s own deep-learning algorithm. The special cards tagged with the artist name  “ether-arts.io” use the artwork generated by AI and the copyright of these pictures belongs to the ether-arts.io team.

In the case of classical paintings, 70 years after the artist’s death, the copyright expires in most of the countries and ether-arts uses these artworks as their commercial use is then allowed.

Collectibles as a new asset class

Ether-Arts is a new type of collectibles that combines art and game. This collection is also a type of investment asset that can provide a direct Ethereum compensation to the participants. The more cards you have, the greater the chance of reward you will have. The rarer card you have, the greater the amount of reward you will receive once selected as a winner. Try to join our brand-new game to get Ethereum rewards securely and transparently. This is a lottery card that never expires. If you own this card, you will also have an infinite opportunity to get Ethereum rewards. Ether-arts is a safe and exciting digital asset combining art and lottery.

Source: ambcrypto

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Ethereum

Ethereum Price Prediction: ETH/USD may break below $150 – Confluence Detector

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  • ETH/USD dropped by 8.5% within one hour.
  • Bears took the price from $165.35 to $151.15 before it recovered to $153.

ETH/USD lost a staggering 8.5% of its price within a single hour this Thursday. In the process, bears managed to break below the $160-mark as the price plummeted from $165.35 to $151.15. The confluence detector shows weak support levels on the downside as the price is expected to drop even lower if the bears keep maintaining their momentum. For now, the bulls have managed to take the price up to $153.

ETH/USD Confluence Detector

The resistance levels are at $162, $164.50-$166.50, $169-$171. At $162 we have a confluence of 15-min previous high, daily previous low, monthly pivot point resistance 2, daily pivot point support 1, and SMA 5.

From $164.50-$166.50 the confluences are Weekly 61.8% Fibonacciretracement level, hourly Bollinger band middle curve, 15-min Bollinger band middle curve, SMA 50, SMA 5, SMA 100, SMA 10, 4-hour previous low, daily 38.2% Fibonacci retracement level hourly previous high, and SMA 200.

Finally, at $169-$171, we have 4-hour Bollinger band middle curve, weekly 38.2% Fibonacci retracement level, SMA 100, SMA 10, daily Bollinger band middle curve, SMA 5, 15-min Bollinger band upper curve, SMA 200, and SMA 50.

On the downside, there are support levels at $138, $141, $149, and $152. At $138, we have the monthly 38.2% Fibonacci retracement level while at $141, the confluences are the weekly pivot point support 3 and monthly 23.6% Fibonacci retracement level. We then observe the confluence of 15-min previous low, weekly pivot support 2, and SMA 200 ar $149. Finally, at $152 we have SMA 50 and monthly pivot point resistance 1.

Source.fxstreet

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Ethereum

Ethereum Price Prediction: ETH/USD $155-150 must hold or face big trouble – Confluence Detector

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  • Ethereum price in the second half of trading on Thursday is trading in the red, nursing losses of 1.25%.
  • Eyes on a critical near-term support area observed at the $155-150 price range.

Ethereum price on Thursday in the second half of the session is trading in the red, down some 1.25%. ETH/USD bears continue to pile on the pressure after running into big sellers within the $180 region.

ETH/USD has struggled through the month, after an initially promising start with the early April advances. The price had moved to its highest level since November 2018, before running into heavy sellers within the $180 region, a key area ahead of $200 territory.

Looking via the daily confluence detector, firstly the barriers of support; $161.71, monthly, weekly and daily pivot point support, $156.58, daily pivot point support. To the upside in terms of resistance; $168.54, weekly 38.2% Fibonacci, $170.25, daily pivot point resistance.

ETH/USD daily confluence detector 

 

 

source : fxstreet

 

 

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Bitcoin

Bitcoin (BTC) Truly Decentralized, Ripple (XRP) and Ethereum (ETH) Are Horrible Projects: Analyst

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True, since the creation of Bitcoin in 2008, thousands of other digital currencies have been active in the space. All the same, Bitcoin is perhaps the only true trustless project while altcoins are just bidding on what they seek to offer.

Bitcoin is Truly Decentralized

Bitcoin is working with the idea of a trustless and a decentralized network. While other altcoins also claim the same values, they don’t have the unique blend that Bitcoin does. At first sight, it is clear to see that the creator of Bitcoin is still unknown, which makes the project as trustless as it could be since there is no interference from the founder.

Many developers continue to contribute to the Bitcoin ecosystem, but none of them can claim with certainty that they are the brains behind it. However, other cryptocurrencies created afterward all had founders, which in most cases are famous figures. Their opinion plays a huge role in some crucial activities, and this doesn’t make their networks trustless in the real sense.

Tone Vays, a derivatives trader, analysts, and content creator is of the view that people overestimate the legitimacy of useless tokens that make it into the Top 10. According to the influential figure, ETH, and XRP are horrible projects that have been next to Bitcoin over the past few years. However, he listed some projects that were amongst the top-ranked a while back but are no longer around.

In his image, he made available an image that highlights some leading cryptocurrencies that are now defunct. He tweeted that “The above image took a lot of time & I probably missed a few, so I reached out to my friends at @DataLightMe for some raw data on this. Even this list is incomplete as it’s hard to identify Top 10 #Shitcoins that no longer exists. [Insanity Highlighted]”

Some Leading Projects Are Now Defunct

The image shows some projects such as Lxcoin, CHNCoin, Bullion, Freicoin, Devcoin, and more that have been discontinued. He also highlights others that were amongst the leading cryptocurrencies at one point but are now way down on the ranking list. Some of the cryptos include; Auroracoin, Namecoin, NXT, Peercoin, Paycoin, The Dao, Primecoin, DigixDao, Omni, and many more.

Since 2013, the top 10 ranking list has changed so many times that it is hard to keep track of legitimate projects. Bitcoin has been the only constant, with Ethereum, Litecoin, and XRP a few others that continue to retain their spots.

Thus, Tone Vays concludes that:

Bitcoin is different, it’s already: Fast enough, anonymous enough and, cheap enough. Today its greatest asset is the fact that it is the only trustless project that exists in the world & that is what gives it its Decentralization & Financial Valuation. The OTHERS are STATUS QUO

While there have been arguments in support of other cryptocurrencies, it is worthy to note that Bitcoin is still cryptocurrency that decides the direction of the market. It is the project by which others are compared. It’s market dominance which is over 50 percent shows that investors and traders have more trust in Bitcoin that other cryptocurrencies.

Even though it is unclear how the cryptocurrency list will look in a few years, you can predict that Bitcoin will continue to lead the market just by looking at historical charts.

Source:ethereumworldnews

 

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