/biz/ - Business & Finance

>>7148919
We are in the redemption arc right now. Early redemption arc. Get in

am I getting fucked?

>>7065848
Ah I see. >>6687542 thread explaining everything pretty much

Hello fellow /biz/tards. Did you miss out on Lamden? Did you miss out on BNTY? Did you miss out on PRL? You probably did, but fear not I have a new gem.

It's called ETHORSE. Ticker is HORSE. You're probably sceptical about the name but who gives a fuck. I'll keep it short. What it's all about: ethorse is a betting DAPP, you can bet on a coin like with horse racing. HORSE is a dividend token and holding is incentivized, low cap, only on DEX but there are plans for other exchanges, good team (although anonymous) and mainnet release soonTM.

Testnet is live at: https://ethorse.github.io/Betting/ try it to get a feel of the DAPP. They have a first mover advantage as it's the first betting DAPP that uses the horse racing system (pari mutuel betting). The house takeout is 5% and you'll get an amount of the takeout proportional to the amount of tokens you own in %. So for example if you have a daily betting volume for $1mil 5% will go to the house which is 50000 in this case. If you own 1% of the tokens (which is 1.25m) you'll receive 1% of the 5% which is 50000 * 0.01 = $500daily. Sounds too good to be true but the math doesn't lie. It's a bit of a guess how many users they will attract but I'm sure that it won't be a problem. They are planning to marketing towards other continents as well.

There's a huge meme potential with the coin too. The ticker is HORSE. Who doesn't want to own some HORSE? It's just like FUN or Lamden and those two mooned quite a bit.

>>6606544
A quick rundown:
HORSE is low market cap gem and here's why:

$5mil market cap. Token sale sold out in 4 minutes. Similar projects are valued atleast 5x higher.

Genius smart contract gambling platform; bets (“races”) are made on future crypto prices. Bets are locked into smart contract which disperses winnings when the race ends. Payouts are in ETH = betting platform for earning ETH

HORSE is a dividend token; HORSE holders will receive quarterly payouts of ALL the profits ETHorse generates. 5% of every betting pool is taken out and set aside for HORSE holders. Payouts are at the end of every quarter and paid in ETH.

Founders tokens are vested for 2 years, the rest of the tokens went to the crowdsale. THERE WERE NO PRESALE BONUSES so everyone is on a level playing field.

Public release of platform going live very beginning of February means token holders will start receiving dividends Q1.

Being added to exchanges very soon; devs have stated in telegram they have submitted applications and fees to several exchanges. Likely going to KuCoin and/or Binance.

Tradable on Ether Delta and IDEX beginning January 16th.

Breakdown of dividends:

the dividends are a big reason to hold this coin.

There will be 100M tokens total in the public sales, 125M total. If you put in 1 ETH and get 20,000 HORSE tokens in the round 1 public sale that means you have a 0.016 percent stake of the 5% house take.

If you assume there are $1M worth of bets per day then that's $50k take for the house and 0.016% of that is $8 per day. Therefore over a year of such volume, your 1 ETH investment will net you earnings of $2920. At ETH/USD=1000 today that's a nice return even ignoring any appreciation of HORSE tokens that might occur. With predictable earnings like that everyone will want to buy in driving the price of the HORSE token up considerably. As volumes on Ethorse increase so will the price (compare to bond market prices relating to the interest they earn).

>>6535502
good shit

for all you retards not in: https://etherdelta.com/#0x5b0751713b2527d7f002c0c4e2a37e1219610a6b-ETH and https://idex.market/eth/horse get em when it tokens are tradeable in 1 hour. Don't miss out, this is a free moon mission

There will be 100M tokens total in the public sales, 125M total. If you put in 1 ETH and get 20,000 HORSE tokens in the round 1 public sale that means you have a 0.016 percent stake of the 5% house take.

If you assume there are $1M worth of bets per day then that's $50k take for the house and 0.016% of that is $8 per day. Therefore over a year of such volume, your 1 ETH investment will net you earnings of $2920. At ETH/USD=1000 today that's a nice return even ignoring any appreciation of HORSE tokens that might occur. With predictable earnings like that everyone will want to buy in driving the price of the HORSE token up considerably. As volumes on Ethorse increase so will the price (compare to bond market prices relating to the interest they earn).

Can Ethorse get $1M of bets per day? Well, for comparison just look at Coinmarketcap data and you'll see there are 450 coins/tokens each with over $1M volume today. Over the last 24 hours the combined market volume was $46 billion. As we know the cryptocurrency markets are highly speculative - many people are essentially betting on them. It seems reasonable that people will be making similar "bets" as literal bets on Ethorse. They might even use it as a hedging mechanism.

So even if we imagined only 1/1000th of that total $46B daily volume moving to betting on Ethorse that is actually more like tens of millions per day, not just one million. Can you imagine the price of a HORSE if there was even $10M per day?

>>6490716
Don't be retarded and buy ETHorse when it hits EtherDelta or IDEX

CMON YOU FUCKFACES YOU BETTER NOT FORGET ABOUT ETHORSE WHEN IT 10XES

Ethorse > Ethbet
ethorse.com

>>6240904
And this:
So even if we imagined only 1/1000th of that total $46B daily volume moving to betting on Ethorse that is actually more like tens of millions per day, not just one million. Can you imagine the price of a HORSE if there was even $10M per day?

At the ICO Public sale 1 price they are selling HORSE for about $0.05 each. (1ETH=$1000 and 20,000 HORSE). As I calculated above 1ETH worth would net you $2920 per year per $1M of daily betting volume. So at $10M daily volume we are talking $29,200 per year. I would say that easily means 1 HORSE is worth 29200/20000 or $1.46. More realistically I think people seeing it as a predictable income would actually price it at multiples of that since at $1.46 price you're getting at 100% return after one year. People would KILL for such a guaranteed return elsewhere. In the crypto market people are more greedy and because there is risk expect higher returns but something between 2 to 5x that amount representing 20 to 50% annual return might be more realistic.

Even at $1M daily volume you're still talking a price of $0.146 or multiples thereof - so I reckon this ICO will quickly give a 10x to 100x return for early investors. At $100K daily volume that is $0.0146 earnings per HORSE per year or 29% of the initial price.

I wonder if the creators have ever wondered about using Ethorse to bet on the price of HORSE itself? That is pretty meta but I guess might have a destabilizing effect on HORSE pricing. Only time will tell I guess.

As ever, only invest as much as you can afford to lose! Aside from that... may the best horse win!