Burst Casino - Important Notice

  • Hello Everyone. I wanted to give you all an update on what's going on for BurstCasino.


    I have been debating this high and low on the proper course of action. As you all may have noticed, the casino has been offline for a couple of days now. This is for several reasons. One of the reasons as I have stated is the communication issued between servers, and the other is with the maximum bet limit.


    The casino has experienced exponential growth and with the promotional videos that Adam puts out compounds that further, and here lies the problem. The Casino started off in 2016 with 25 million burst coins in the bank, many players have become Burst millionaires during the process. Recently we have many more millionaires, and that has drained the bank reserve to the point that we now are operating with 2 million Burst in the wallet.


    Not to mention also the max win per dice roll being set at 1,000,000 burst, while our competitors opened shop with a fraction of that payout and grew over time to have an average of one million players and a max win per roll of the equivalent of 2.6 million BURST (5.0btc) we elaborate on these numbers later in this announcement.


    My worst fear was having to close down the casino, and that is something I do not want or would like to do. It is an integral part of the Burst Community and it's my baby, one that I believe can grow a lot more and give a lot more than the amazing 100M+ already paid to asset holders and bring more millionaire players. The only other solution that I was able to come up was to approach Focus and ask him what he thinks of the situation. Focus took the time to do some numbers crunching for me and came with this plan:


    Ok so if you take the combined numbers between BurstGames and BurstCasino Assets the total of dividends paid out was 100,731,293.36 Burst. Correct that is over 100 million Burst. So to all initial investors that bought in at 100 Burst per share, your investment has already ROIed, and you now hold those assets as well. I know some will chime in and say that they bought their assets at a much higher price, but what need to be mentioned is that those assets were not bought directly from Zeus, they were bought from a 3rd party, so you no longer are engaged directly with Zeus in a business transaction and the only obligation he has is to pay out dividends on those assets.


    Having said that. To guarantee future growth and sustainability of the casino, and to protect the asset holders, the following plan has been churned out:


    There will be a new Casino asset issued. That will ensure maximum growth and current asset owners best value and interests. The details of which are as follows:


    10 Million Assets Total

    All current holders receive 4 to 1 leaving 6 million assets remaining.

    Assets will be released 2 million at a time. At 50 Burst per share for the first release, 2nd and 3rd releases will be determined by the market strength and most probably will be higher. The shares that isn't sold right away is to stay in the asset issuer wallet less 500K shares locked away and assigned for casino development.


    Another factor that was off was the maximum bet. Having a look at our respectable competitors such as Bitsler who has a maximum payout of 5 BTC which equates to 2.6 Million Burst. They can afford to do this because they have a million players ensuring a massive bankroll. We, on the other hand, have a little over 6000 players and had a 1 million max winning per dice roll which was terribly off in the ratios, we should have been setting maximum in the area of 100,000 Burst per roll to equate to our number of players. As the number of players at BurstCasino and the bank increase the max win per roll will be increased, until we will cap out at the same or slightly more than our competitors being at 5.0btc or 2.6 million burst at the time of writing this.


    Details on Asset Management


    So per each release of 2 million assets. Proceed distribution will be as follows:

    50% Bankroll

    43% Escrow with Focus and Zeus each having to sign off on the escrow to safeguard the asset holders.

    5% Liquidity on books at 50 for those investors looking to sell out their shares

    2% BurstNation Dev Team


    One major requirement that Focus has required is that he wants me to have Lexicon Audit my code, a big move for me as no-one has ever seen the source. He wants Lex to double and triple check the math functions, the seed generation process and the randomness of the rolls to make sure that nothing can be exploited.


    This will happen in the next days, but as of Sunday, I won't be able to connect for a week, or very very little, I know it's unfortunate that it had to happen at this time, but this absence was coming since January and I can't postpone it. This does give time to Lexicon to do a thorough audit of the casino's code In the meantime.


    Thank you, everyone, for your understanding and the big support you have always given me and to this project.

  • Understandable Zeus do what you gotta do.

    Hey Superfriends!

    BOOM! Boom...and all that!

    It's ok, it's ok. Just let it happen, let it happen


    BURST: BURST-4Y3X-QET8-SKX6-BQDVG


    If you ask me for any type of free Burstcoins via tips, rain, assets, in public or in private, I will BAN you w/o warning.

    94-1485353559194-soldier-png

  • Any word on balance drawls for casino balances in the personal wallets of players?

    Also - as a good faith Gesture to the success of your plan, I would be happy to invest/trade 50% of my Casino Balance for the new asset shares. I would like to have the remaining balance of burst returned to my wallet. Fair & Square. I will be looking for your updates, and know that with the help of Focus and others this will just be a "Bump n the Road" toward the growth in the future. Thank you for your work. I know you put your heart & soul in to it. Things will be better than ever soon!

    Feed the Pig! - Stuff this Wallet with Burst ^^ BURST-C9QM-K9J8-GCKF-7DQ26

    The post was edited 1 time, last by hexdek16 ().

  • so for every old casino we will get 4 new casino?

    yes

  • At least it's better then the casino closing for good.

    Makes sense. I always wondered how the casino could have such a high max win.

OFFICIAL BURSTCOIN TROLLBOX - LISTEN TO BURST NATION RADIO TO WIN BURST COINS!

Shoutbox

  • ZenMaster

    I (legally) grow marijuana, I hourd Silver & I invest in Crypto's... the government hates me :-)

  • OctoBurst

    never.. MisterBurst is neo in burst-matrix. ;)

  • bootmeup

    dont think

  • bootmeup

    or whatever, heheh..im half sleep

  • ZenMaster

    bootmeup.. the COMEX is under FBI investigation for market manipulation

  • RomanH

    thats lifestyle zenmaster :D gratz :D

  • ZenMaster

    and the Asian version of Comex has already put an end to short selling

  • ZenMaster

    It's all coming down soon

  • ZenMaster

    The whole world will change soon

  • RomanH

    I will do the gardener than

  • ZenMaster

    The USD is dying as we chat

  • RomanH

    The Eur is also dead

  • RomanH

    Hole world is on fire

  • ZenMaster

    yup, when all fiats finally fail, cryptos and precious metals will go ballistic

  • ZenMaster

    of course, a lot of people will be suffering then too, which sucks

  • bootmeup

    i dont think so, but if dollar collapse, my silver be worth more

  • RomanH

    hehe .. so it will be.. i want to sell such pendant for cycles.. :D

  • bootmeup

    usa is the top holder of gold..like 8300 tonne almost as much as the other top 9 put together

  • RomanH

    900

  • ZenMaster

    905

  • OctoBurst

    wow

  • RomanH

    what i sayed yesterday.. i dreamed 1000 :D

  • ZenMaster

    910

  • MisterBurst

    Zenmaster, is happy

  • ZenMaster

    :-)

  • Rendavu

    MB thanks for your hard work

  • ZenMaster

    So MisterB... do you think 1445 sats could happen?

  • Rendavu

    will happend

  • markmahal

    think i might have to stay up all night and so i cant watch my burst on polo :)

  • markmahal

    can*

  • ZenMaster

    1445 makes me very happy... 2233 makes me nearly die from a massive adrenaline rush

  • AngerdX

    nice action :)

  • ZenMaster

    915

  • ZenMaster

    920... it's on!

  • ZenMaster

    ALL TIME NEW HIGH!

  • ZenMaster

    ON THE WAY

  • the_ko

    no

  • bootmeup

    look at block# 374312 winner name

  • the_ko

    yes on the way

  • the_ko

    yes on the way

  • nakedmatrix

    Let's Goooo!

  • ZenMaster

    up up and away

  • danyelk

    man burstneon pool is dow for 2 hours

  • the_ko

    i can see 2k sato by end of this weekend

  • danyelk

    down

  • bootmeup

    he slander MB with his user name

  • ZenMaster

    I'm hanging out in 15th place out of 95 in my pool

  • ZenMaster

    not bad

  • MisterBurst

  • danyelk

    ZenMaster what pool you are in?

  • ZenMaster

    Yeah, MisterB is pumped

  • RomanH

    :D the gif :D

  • ZenMaster

    I'm in all.poolofd32th.club

  • critinvest

    lol rick flair :)

  • danyelk

    ok

  • critinvest

    ric*

  • MisterBurst

  • marrada

    YEAHHHHHHHHHHH

  • ZenMaster

    damn, that guy really like the Cocaine Chronicles

  • AngerdX

    back to putting up those numbers hehe

  • MisterBurst

  • rek410

    what is the ATH for bust, anyway?

  • MisterBurst

  • ZenMaster

    Insane in the BLOCKCHAIN

  • MisterBurst

    haha

  • danyelk

    someone know what is with burstneon pool is down for more than 2 hours now?

  • MisterBurst

    soon ripple goes bye bye from #2 on polo

  • ZenMaster

    nice, good ridence

  • MisterBurst

    if the ripple traders would just dump that and get out and get into burst like right now... they would make a fuckin killing but they have no idea

  • Screaming Eagle

    If we get past 945 ripple it toast

  • AngerdX

    if?

  • ZenMaster

    haha, exactly

  • RomanH

    hmmm 15h DL nice :D

  • danyelk

    but is not bad to have some ripple

  • evosmash

    any pools for good size miners that arent getting ddos right now?

  • bootmeup

    i laugh when i 1st saw the ripple ...i remember the name from being the cheapest so called wine

  • BTCSTACKER

    tee hee.. I'll probably be the one that makes Burst go vertical when ECC goes to 1000 and I make 400 BTC.. Then I buy a shitload of Burst..

  • ZenMaster

    danyelk... fuck ripple. It's not even a real crypto currency (it's not decentralized). It's bankster fraud!

  • danyelk

    but it made me good money

  • Screaming Eagle

    Lot of BTC to get though

  • ZenMaster

    yeah, but take your profits and run

  • RomanH

    nwo money

  • danyelk

    done but 100k coins i keep

  • ZenMaster

    exactly... don't help support those bastard bankers

  • danyelk

    yep

  • danyelk

    BTCSTACKER i got me a ton of ECC

  • evosmash

    why is ecc going to 1000

  • Screaming Eagle

    who here thinks we set a new all time high today?

  • danyelk

    i hope it does

  • BTCSTACKER

    ECC is going to other exchanges soon..

  • bootmeup

    i do

  • Screaming Eagle

    969 is the all time high

  • BTCSTACKER

    ECC is currently stuck on coinexchange.io only

  • Burst coin786

    Hello guys

  • danyelk

    BTCSTACKER yes that would be damn cool

  • Burst coin786

    Bursties whats happening

  • Screaming Eagle

    Happy Burstday Bc 786

  • bootmeup

    new high coming...heheh

  • Stonena

    Happy Burst day Screaming Eagle.

  • BTCSTACKER

    so is this Burst pump a one man achievement A.K.A Adam pumping...