#Blockchain is the latest technology that is believed to be able to provide a million benefits to the development of this world. Through #Dapps, decentralized applications that runs on a blockchain, the blockchain is able to revolutionize various sectors such as entertainment, finance, gaming, real estate, health, insurance, and more. In the gaming sector, for example, a game developed by blockchain can offer valuable features such as track and authenticate ownership of types of digital assets, reduce costs to third parties, secure payment systems, and provide full transparency. We have never seen these features in the ‘traditional’ game ecosystem that we know today, but in the future, we will be able to feel that because #DABANKING will be present with decentralized entertainment and gaming.
#FomoJackpot is one of the games from DABANKING that allows players to win big prizes at very low costs. All you have to do is connect the Metamask or Trust wallet with the platform and buy tickets with #ETH. That is all!
There are 2(two) clocks: Green Clock and Gold Clock
1. Green Clock will countdown for 48 hours. When the clock goes below 24 hours, each new ticket will add 30 seconds but it will not exceed 24 hours.
2. Gold Clock will countdown for 48 hours. Gold Clock starts when the current prize pool is higher than the previous round. In the first round, Round 0, Gold Clock will start ticking when the prize pool has a total of at least 300 ETH.
Each ticket has an initial price of 0.002 ETH and the price will continue to increase when Gold Clock starts ticking, the highest ticket price is 0.006 ETH at the last hour on the Gold Clock. When Gold Clock starts ticking, buying 1 ticket will get 3 tickets.
All ETH from the ticket purchase will then be allocated according to the chart below:
1. Award (Prize Pool)
- Diamond Chest – 50% of the prize pool
When one of the two hours returns to 0, the Draw Now button will appear to select 6 winners. 1 winner will get a jackpot prize which is 50% of ETH in a diamond chest, and the remainder will be divided into 5 other winners. The winner is determined based on the calculation of the seed number and the number of tickets purchased. The seed number is a 64bit hash code created from the number of difficulties in the current block and the number of time points for rotation.
- Ruby Chest – 20% of prize pool: the winner is the last ticket buyer.
- Gold Chest – 5% of the prize pool: the winner is the most ticket buyer.
- Silver Chest – 4% of prize pool: the winner is the person with the biggest ticket sales coming from the largest F1.
- Drawer Prizes – 1% of the prize pool
When 1 of 2 watches returns to 0, the Draw Now button will appear to activate the random call algorithm. The person who successfully executes the first Draw Now will be given a 60% prize from the Drawer prize and the remaining 4 people will each receive 10% of the prize.
- 20% of the prize pool will be transferred to next round
2. Instant Income
The faster you buy a ticket, the higher your winning multiplier (max x25) and the greater your instant income. Instant income can be calculated by:
At the end of Round 0: the amount of ETH you bought x multiplier x 20%
At the end of Round 1: (the amount of ETH you bought in Round 0 x multiplier x 6%) + (the amount of ETH you bought in Round 1 x multiplier x 14%)
This means if you play the game, you will get instant income at the end of Round 1 with a total of 650%!
3. Referral Income: invite your friends to play through your referral link to get referral income of up to 6%.
4. Dividend
All accounts that have frozen DAA tokens will receive 70% of dividend pool every 2 weeks, while the remaining 30% will be added to the dividend pool for the next 2 weeks.
DAA Token Mining
DAA token has a maximum supply of 20,000,000 and can only be obtained when users buy tickets and play games with ETH. DAA token mining has 10 stages and each stage has 10 rounds. After 200,000 DAA have been successfully mined, the next round will begin and mining difficulties will increase by 0.005 ETH.
60% of the DAA mined will enter your wallet, while 40% will go into the developer's wallet for product development, marketing, and partners. In the first round, if you lose the game with the amount of 0.05 ETH you have succeeded in mining 1.67 DAA and you will get 1 DAA. If you win the game with the amount of 0.055 ETH you have succeeded in mining 1.67 DAA and you will get 1 DAA.
DAA Token Burn
All DAA Tokens used by users to play games will be in the token pool and every 2 weeks DABANKING will burn 50% of them. Burning DAA in the token pool also burned the amount of DAA tokens in the developer's wallet with a ratio of 60:40.
For more information, please visit DABANKING website and read the whitepaper.
Website: https://dabanking.io/
Whitepaper: http://dabanking.io/static/whitepaper.pdf
Twitter: https://twitter.com/Dabanking_io
Telegram: https://t.me/DABANKINGOFFICIAL
#Dapps #DABANKING #FomoJackpot #Blockchain #ETH
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