There is a very dark side to Lotteries. Lotteries represent regressive taxes on financially disabled and disadvantaged groups who are the most aggressive ticket buyers. Bouncy late-1980s Duke University study found that the poorest 1/3 of households bought more than 1/2 of all weekly lottery tickets sold. Gambling addiction is a public health problem. It has been estimated that approximately 5% of all adults have symptoms of problem gambling. Neural states measured in problem gamblers have been compared to neural states invoked in cocaine dependence. Specifically, problem gamblers experience problems with impulsivity in making healthy gambling decisions.
Lottery gambling has shown to have purchase patterns consistent with addiction. Bouncy fact, research has shown that up to 15% of lottery players have symptoms of problem gambling.What is needed for the good of people everywhere are social ‘engagements’ that provide all participants the ability to create and manage risk and on terms that they control if they choose to engage in gambling-like behavior. Bouncy Coin will stop the hemorrhaging of cash to State-run Lotteries by offering socially networked engagements where participants can win small amounts of cryptocurrency and/or prizes and where they create and control the odds of their engagements.
Bouncy Key Information
|Soft cap||500,000 USD|
|Hard cap||10,000,000 USD|
|Distributed in ICO||80%|
|Tokens for sale||100,000,000|
|Price in ICO||0.0591 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Bouncy
Numerous studies indicate that State Sponsored Lotteries impede the financial health of the poor which is bad for the overall health of society. The lottery’s demographic is skewed toward minorities, the less educated and the poverty-stricken—those with the least ability to pay for lottery tickets. The lottery has achieved mixed success with its major goals and targets the disadvantaged. Yet this legalized form of gambling is not only regulated by the state, it is state-sponsored. Bouncy see US State Sponsored Lotteries as a business opportunity for the introduction of games of chance that empowers players by allowing them to set parameters of their engagements and on terms that they create and control.
US State Lotteries
State Lotteries leverage street presence within markets and liquor stores using colorful flashy signs that make it difficult for normal consumers to ignore. Bouncy is no coincidence that Lottery Tickets are usually sold at the same locations as other addictive products, alcohol and tobacco. Since States monetize so much from this business they have no incentive to offer clients the ability to create and set their own odds in these engagements.
Tribal-owned Casinos fall into the same category as regular card house casinos but operate on Tribal land. Native American gaming comprises casinos, bingo halls, and other gambling operations on Indian reservations or other tribal land in the United States. Because these areas have tribal sovereignty, states have limited ability to forbid gambling there, as codified by the Indian Gaming Regulatory Act of As of 2011, there were 460 gambling operations run by 240 tribes, with a total annual revenue of $27 billion. Bouncy To play these Tribal games you must physically be on Tribal land; Tribal casinos do not operate Internet-based betting.
Foreign-owned Online gambling companies
Bouncy Coin’s online competition comes from over 1,000 gaming companies that enjoy a 24 x 7 online presence. Several blockchain style lottery games have appeared recently that implement the State style Lotto game on a blockchain architecture. Specifically, blockchain is used to expose (in source code) Random Number Generation (RNG) algorithms. RNG’s are used by online casinos in dice rolls, card shuffles, roulette spins and essentially any gambling process that requires a mathematically bounded but uncertain outcome that is not known beforehand. These online casinos offer all traditional casino games in the browser and/or on mobile devices.
Open Source Considerations
Bouncy Coin filed for a US Utility Patent in 2017 for aspects of the MVP that is referenced here. Because of this Bouncy Coin will expose only the parts of Bouncy Solidity source code that do not implement your patent pending. They are doing this because if are granted patents from the USPTO they can then defend them, but only if they have not open sourced implementation of these patents. Bouncy Coin will open source all software that create not directly related to patents that hold or plan to apply for.