Graph Coin’s purpose is to create a sustainable business model by allowing individuals to call bets on current events. Currently in development are Graph Betting Nodes that will populate a series of questions that create a betting chart. Users will suggest questions, which will be voted on (or just added by the node owner) and betting will commence from a tab in the QT wallet. For example, if a bet were added: “Will Bitcoin go below $225.00 tomorrow?” odds will start being formulated, like ‘37% NO 63% YES’ and a maximum bet will be calculated. These Graph coins will be held in escrow by a Graph Node, up to the amount the owner has put up for collateral. When a better loses, all their coins are forfeit. If a wager is won, the prize is divided evenly amongst the participants and sent to the receiving address provided at the time of the bet.
During the Beta launch of this service, one Graph Node will exist just to test the functionality. If this test functions properly, node creation will require 12,500 coins be placed in escrow. Owners may place more coins in escrow to cover bigger bets, and there will be an admin panel that allows these investors to create the list of questions to be voted for, or just list a question. Node ownership will require a Linux server or VPS capable of compiling the coin daemon. Node owners will receive approximately 2% of the bet totals as compensation for their service.
This business plan will allow Graph Coin to remain relevant with fresh content for years to come.
PoW Algo: Scypt
PoW Blocks: 7500 Blocks
PoS Algo: Blackcoin Latest
DPoS Reward: 22.5K Blocks
Diff Retarget: Every Block
BlockTime: 64 Seconds
Minimum age: 8 Hours
Multipool that pays in Graph. New wallet design. Website. Press Release. Media Blitz.
Beta test graph ‘betting’ in wallet with single node.
Beta test graph nodes for public. Cost will be 12,500 coins. Wallet will now support multiple ‘betting’ options.