peaceismine
New member
So I soft-launched an Arbitrum app on r/CryptoCurrency that lets users host or join trustless ponzi games.
You "invest" ETH and earn up to 100% ROI that's being paid by subsequent "investor" deposits.
The catch is that your funds are only released when you hit the 1-100% ROI threshold (set by the game host).
If the game expires before that - you lose your deposit.
What I did differently from similar games in the past is that I made a jackpot function that pools all of these unreleased funds and gives them to the last player to join the game. It incentivizes players to join indefinitely as the jackpot grows exponentially.
The catch is that each new deposit resets the 10-hour game timer.
And because of that reason this one game is now live ever since launch (over 12 days):
https://preview.redd.it/28x34iytc1z...bp&s=92f0c46484bbe407f10120613746711e493a1cb3
Every time I think it will finally end someone joins and resets the timer.
The last player to deposit a min. of 0.003 ETH is looking to cash 0.257 ETH or more than 85x at the moment.
Or a 100% return on his deposit if enough people join after him.
How do you think this plays out? How much longer can it last?
P.S. the app is called ponzimarket and these are the contracts - https://github.com/swagamoney/ponzi.contracts
(app link is there too)
P.P.S. I think it goes without saying but THIS IS VERY RISKY DO NOT PLAY WITH WHAT YOU CANNOT AFFORD TO LOSE.
You "invest" ETH and earn up to 100% ROI that's being paid by subsequent "investor" deposits.
The catch is that your funds are only released when you hit the 1-100% ROI threshold (set by the game host).
If the game expires before that - you lose your deposit.
What I did differently from similar games in the past is that I made a jackpot function that pools all of these unreleased funds and gives them to the last player to join the game. It incentivizes players to join indefinitely as the jackpot grows exponentially.
The catch is that each new deposit resets the 10-hour game timer.
And because of that reason this one game is now live ever since launch (over 12 days):
https://preview.redd.it/28x34iytc1z...bp&s=92f0c46484bbe407f10120613746711e493a1cb3
Every time I think it will finally end someone joins and resets the timer.
The last player to deposit a min. of 0.003 ETH is looking to cash 0.257 ETH or more than 85x at the moment.
Or a 100% return on his deposit if enough people join after him.
How do you think this plays out? How much longer can it last?
P.S. the app is called ponzimarket and these are the contracts - https://github.com/swagamoney/ponzi.contracts
(app link is there too)
P.P.S. I think it goes without saying but THIS IS VERY RISKY DO NOT PLAY WITH WHAT YOU CANNOT AFFORD TO LOSE.
