/biz/ - Business & Finance

>>6687542
Pt.2

This is how the betting process would look like https://i.imgur.com/C2LnrGD.png

This is how the roadmap looks https://i.imgur.com/7ZU6OUi.png

ICO price was 1 ETH = 25000 horse = 0.00004 eth per horse.

You can get it on IDEX or ED: https://idex.market/eth/horse or https://etherdelta.com/#0x5b0751713b2527d7f002c0c4e2a37e1219610a6b-ETH

If you're interested and want to read in about it I highly recommend you to just check out the whitepaper and read the abstract. If that piques your interest even further you could read the whole whitepaper.

Links:
https://ethorse.com/ (scroll down for twitter, github, telegram and discord)
https://reddit.com/r/ethorse
https://medium.com/@cryptosaurusrex/back-of-the-napkin-calculations-for-ethorse-ce3bc8226068

I hope you've made up your mind about HORSE now and if you have any questions please do ask. If I can't answer them I'll ask the devs about it.

>>6687556
Calculations from: https://medium.com/@cryptosaurusrex/back-of-the-napkin-calculations-for-ethorse-ce3bc8226068

Also:
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?

>>6687638
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!

It's supposed to be 25k instead of 20k but I'm too lazy to change it right now. They changed the ico price to match the ETH price increase

>>6687681
It can be considered equivalent to Futures or even options to some extent, but completely decentralized.
With Ethorse, we are not running books. It's parimutuel, not fixed odds. No centralized party taking funds, identifying winner and paying out. All done by publicly available smart contracts. Thanks to Blockchain and Ethereum.

From the ETHORSE discord.

Now if you have any concerns or any questions just ask me about it.

>>6687542
Thanks just bought 100k.

>>6687542
what about the devs? can't find much info on them..

Is this legit? Where will the price go in 2 weeks?

>>6687797
I hope you're serious anon. I'm not even kidding about the potential of this project. Yesterday when I made a thread on HORSE it seemed to get a lot of traction. I've been telling you guys about it for a few weeks now but stubborn anons never listen. It kinda dipped from yesterday so this could be a good entry. Once we break through the 20k resistance we should be good. You're still not too late, it's only on decentralized exchanges right now. There's lot of demand on there even. Imagine if it gets on kucoin or some other exchange.

Do they have a telegram group?

When will be listed on good exchanges?

I don't like idex sorry

>>6687542
Why the dev team is so anonymous?

>>6687820
>>6687820
I was kinda worried about that as well. They explain it here: https://medium.com/@ethorse/ethorse-team-transparency-d9e944c1b4d2

If you're too lazy to read it, it's basically that gambling is regulated globally and the rules are quite different everywhere so it's very hard to circumvent every rule/law. They've taken an example of etheroll and they explain why they'r e anonymous here: https://www.reddit.com/r/etheroll/comments/6h3noh/who_makes_up_the_team_at_etheroll_message_to_the/dive7v1/

They also think it's safer in general to be anonymous to prevent any backlash for the retards who loses tonnes of money on this. They don't want to get doxxed or receive any death threats. It makes sense right?

>>6687868
It is legit yeah. I'm spoonfeeding you guys right now but DYOR. If you get in touch with the devs you might feel the same like I do. They are very helpful and responsive.

>>6687898
Yeah it's over at t(dot)me/ethorse. Join if you're interested

>>6687930
No exact date yet but they're working on it. They approached a few but they asked for a pretty retarded listing fee which the devs didn't want to pay in this early stage.

>>6687967
I answered that earlier. Check above

>>6688112
If anyone understands coding and programming and shit check out their github: https://github.com/ethorse?tab=repositories

>>6687930
dex exchange is the only reason it's cheap right now. you wait for kucoin? expect pay 2x 3x more.

>>6687542
is this a new meme coin?

>>6687542
>posting it here 2 days after crowdsale ended

op just trying to get rich off you guys, literally 0% percent better than LINKfags, don't fall for trap, let him rot with his bags

>>6688213
I agree

>>6688258
Might be, the ticker is HORSE lmao

>>6688287
Fuck off you numbnut I shilled this before the ICO but no one listened. I'll post some of my threads. Don't be sad you're not on the HORSE.

>>6240718

>>6502745

>>6613198

>>6275343

>>6249090

>>6226577

>>6304913

>>6291345

>>6281289

Please tell me what I did wrong here? I already told you guys about it way in advance. It's 5x already but I think it has a lot more potential..

>>6688478
Look at those dudes stocking up on HORSE. They're smart. They want dem dividend profits. I'd do the same but I already have a considerable stack from the ICO.

>>6688529
damn actually sell walls are getting down slowly

>>6688606
Yup.

So did anyone get in HORSE cuz of my threads?

>>6688895
I went and put 10% of my portfolio, should I put more?

>>6688982
Depends on how much you have in your portfolio. You should calculate with how much HORSE you're happy with later on for the dividends. That's what I did at least

>>6689127
k then I'll put another 10

now this is what I call quality shilling.

if I werent all in with my free funds already then I would do it now

>>6688982
I put in 5% cupple days ago and now its 10% of my portfolio.

Thats how it goes

>>6687542
k3k, followed it pre-ico

Not impressed, nice try pajeet.

>>6689458
Thanks a lot for the compliment. I actually put quite some time in the shilling. Where'd you put your funds in?

>>6689523
Yup HORSE is a majority of my portfolio right now due to the recent surge. Gonna be >50% soon once it hits an exchange or mainnet releases.

>>6689640
What? You're not making any sense

>>6689654
into horse actually, but I see how what I said was misunderstandable

>Did u miss on bitconnect
WASSUUU WASSUUU WASSUPPPPPPPPPP
now it's ur chance to get on another ponzi, but quick,because if you're getting in only now chances are you're the sucker.
The shilling has intesified now that a lot of anons bought in.

How does the dividends work op?

>>6689955
ah I see what you're saying. was a bit confusing but it's great that you're a horse bro.

>>6690080
How do you compare this with bitconnect? Your funds aren't stuck for a period of time. You just stake them. Tell me how you can see a ponzi in this project please. Don't just leave now without responding back.

>>6690140
Pretty sure I explained it above with the calculations and shit there but if you mean how to get dividends you need to put them on a specific wallet/smart contract I believe (dont quote me on that, ill doublecheck with the devs) and you'll receive the payout after every quarter in ETH

Is this a pump and dump

>>6690266
it cannot be, on idex and ed only accumulation is possible before it gets on a 'real' exchange

>>6690266
pump and dump on idex/ed? are people this retard?

>>6690321
>>6690521
Seems like anyone in HORSE is smarter than the average anon. I wonder why

>>6690637
Bump.

So how do I pronounce the name?

>Eth horse?
>E thorse?
>ET horse?
>ETH or se?

>>6691096
Eth horse makes the most sense to me

how do i buy a shit load of horse if i only have coinbase and binance - canadafag here

>>6691892
Buy eth on coinbase with CAD > make IDEX account + wallet > send eth to your IDEX wallet > buy horse on https://idex.market/eth/horse

If you're on binance and have some funds just buy eth on there with whatever you have and send it to your IDEX wallet and buy it on here https://idex.market/eth/horse

>>6691892
Buy it on IDEX.

>>6691981
thanks

also when people call other people shills is that bad? or are there good shills actually trying to help people make money?

>>6691981

START SHILLING ON REDDIT, GUY

>anonymous team
t.sir
fuck off pajeet

>>6692025
redding shilling starts tomorrow according to plan

you better get in now or miss 5x gains

>>6692024
well shilling is generally seen as negative but I'm more like trying to convince you guys to get in. I'm a good shill if you wanna look at it that way. I'm not spreading false claims or facts to get you guys in. I'm just spoonfeeding anons and you should make your own decision based on that.

>>6692025
I will, soon. I'll give you guys some time to accumulate still.

>>6692125
Read the thread please. I explained it already.

>>6692294
ok ty

im capped at 250 cad on coin base so maybe i'll find a localexchange and throw down 2-5k in person

>>6692495
AH alright you think this coin has a lot of potential?

>>6692841

my portfolio is mostly gambling

t. degenerate online gambler

>>6692841
that is hard to say, but it will sure as fuck make you money in february

>>6692968
crypto is gambling anyway, you can lower the odds by doing FA and TA and shet
>>6693006
we're gonna make it brah

>>6693480
what is fa/ta

>>6693713
fundamental analysis/technical analysis. fundamental is just looking into the project and shit and TA is charting stuff, so like looking at resistances/support. You new to crypto?

Any ico buyers wanna fill my order at 17.5k on idex?
Thx

fellow ICO buyer reporting in.

Feelssmartman, the public sale was a bloodbath

>>6694031
10eth order is yours?

>>6694055
you did well anon

>>6688895
Presale guy I’m eating up this fud. It’s delicious

Bought 1000 of these fucks as soon as it got shilled. Currently about 2x hope it does a lot more cause I kinda fee embarrassed about having a coin called HORSE in my folio lmao

Fuck i was following pre ico but too dumb to understand why it was really a good buy. Can i still make it?

>>6694326
Same. It's always fud that doesn't even make sense.

>>6694363
Embrace the name lmao. Welcome to the group.

>>6694448
Well if you look at the upsides I think they are a lot bigger than the downsides rn. Cap is still low, it's on decentralized exchanges only, team is very active and responsive and mainnet still needs to release. If you're looking at the gains you can get from staking it's also insane. Check the calculations above. I really recommend you guys to read my wall of text it's worth it to get some insight

>>6693864
yes

>>6694448
>potential 100x within a month
>has doubled so far
>"Can i still make it?"
Nah man, don't waste your time on this 50x

>>6694862
well I hope you know what you are doing. It feels like you're buying HORSE just based on my shilling and that's never a good sign.

Do your own research, keep your skin in the game, there will be times where a lot of alts will skyrocket but yours wont so dont fomo. your time will come. Never take any shilling as good advice as there are always people taking advantage of you. Read about it and form your own conclusion.

>>6694925
100x is maybe a bit too optimistic as that would be a 2b cap but 10x is very realistic right now. Would place us at 200m and considering all the other projects that are placed at 200m and higher without any product we can easily make it.

>>6695065
read about shill posts and form your own conclusion* Most of the times they help me with idenfitifying potential coins but I do my own research as well

>>6695065
>>6695120

thank you

>>6695195
np bro. good luck on your journey

Don't care if this is an obvious pajeet scamcoin, I'm sure it'll go up enough from its current price when it's shilled more and I can dip out with a profit still when they dump.

I like the shillability of HORSE. i literally bought 100k of it

>>6696163
Dump it.

>>6696423
bump

So the thought is either cryptopia or kucoin?

>>6697519
yup highly probable

im bout to dump on all of you guys

>>6687542

ITT: people pretending that ETH has a future as a professional business currency that will be used to exchange valuable goods and services worldwide.

>>6698958
whatchu mean?

who this

>>6700202
Lol dump it then. No one cares about your 20k horse

>>6688895
I got in the presale too
This shit is buying my new house

>>6698249
So have you sold your 20k yet?

Where are you guys trading?

>>6701770
Idex babyyyy

>>6701366
yes did you notice it

>>6701770
at ur mums

>>6687542
I'm in

>>6702600
gj anon, now buy another 100k

>>6702644
But I already have 150k

>>6702211
Nope

Easy 20% returns per day just join the /biz/ group:

discord gg/zz7unwD

add DOT here--> .gg/zz :)

>>6702211
my mum is an exchange?

I DIDN'T KNOW

>>6690225
You weren't very clear in your wording on the dividends.
I'm confused as well.

>>6687542

Funny name. Actually decent coin. Working product. They update the github very often. I'll bite the red pill.

>>6703670
>https://medium.com/@cryptosaurusrex/back-of-the-napkin-calculations-for-ethorse-ce3bc8226068

>>6704269
Anon I have to say that's pretty fucking cool.
Make sure to post again when it hist major exchanges.

>>6704432
I know I like it too. I will. I really can't wait for mainnet to launch.

Also, when are we gonna break 20k gwei boys? We've been going sideways ever since

>>6703670
If you have for example 100,000 ETHORSE, you will gain $1k/day, if the daily volume is $250,000

>>6704765
What

stupid question but will the dividends be paid in form of horse tokens?

>>6704765
that's not true lmao you'll only get $10 per day then. 100000/125m = 0.0008. 5% from $250.000 = 12.500 so 0.0008 * 12500 = $10
still quite a lot tho. yearly you'd be looking at 365 * $10 = $3650 if my math is correct

>>6705056
no it will be paid in form of ETH

>>6705005
Check the link, I'm not clear on the maths here, but the principle is there.
A part of the rake gets redistributed to token holders.

>>6705311
Sweet so can i keep HORSE on metamask and get paid?

>>6699599

I mean that childrens games like Etherhorse are congesting the network and causing it to take hours to complete an ETH transaction, and therefore the currency is doomed and will never see worldwide business adoption.

>>6705815
its done off chain you moron

>>6705815
except ethorse does not congest the network, because transactions only take place when you make the bets and when you pay profits