Will it Explode? Will it collapse? We'll know in less than 4.5 hours

Countdown timer:
itsalmo.st/#pyrmexbettingwindowcloses

Someone is walking away with all this money in the next few hours:
pyrmex.com/

What is This? How can the multipliers be so high?

my body is ready

They're calculated based on the bets in the other pots

The most contrarian position will always pay out the biggest multiplier if you win

So if you dumped 1 eth into the 2nd bear pot right now, the multiplier would become the lowest of all of them since market sentiment says you're absurdly confident in the position

Then others can call you on your bullshit and bet on the now higher multiplied pots that you created

So you better be A)Confident or B)Have the ETH to manipulate the pyramid in your favor

...

In case of absolute catastrophic failure, (you would need to be the only person to bet) you could actually win the house money (4 ETH was seeded by the contract creator)

But this will be exceedingly rare if it ever happens, and the initial seed is enough to withstand this condition dozens of times before it would need to be reseeded

If you dump 287 ETH into this contract you're guaranteed to win?

I don't get it.

Also it's worth noting that NONE of this money gets put back into EthPyramid/Phoenix (Unless you want to do that yourself for manipulating purposes)

This is a community project that happens to piggyback off the flavor of the month that is pyramid schemes - but its also the first futures market of its kind.

Down the line when these pyramid schemes get tired, you could point this contract at any ETH wallet or contract - you could bet on the cryptokitties balance, or even the ETH balance of Binance.

What if you win more than there is in the pot, does it take from those 4 ETH then also?

There is a 10% Vigorish for fueling the house payout, so dumping impossible-to-compete-with values will not net you profit.

And you're forgetting the contract needs to settle where you want it to. Other people will see your high bet and do everything they can to either outbet you or manipulate their positions so that the contract doesn't settle where you bet

You've got the right line of thinking though ;)

Yes but this should only happen if you are the only person betting. As long at least one other person is betting against you, this wont happen

And there should always be people betting for as long as people hold EPX - anyone with token power isn't going to let you just take ETH from the house when they could win your ETH instead

Also "wont net you profit" is probably technically wrong - you would still profit on a winning bet with 287 ETH, but as long as others are betting, you'll be mostly winning back your own ETH and none of the house's

pretty cool and all but powh3d is even better and norse officially endorsed it

>10%

The absolute state of Jews. I guess people who play these games are retarded so they don't care how much vig they're paying but 10% is still a joke.

>And you're forgetting the contract needs to settle where you want it to. Other people will see your high bet and do everything they can to either outbet you or manipulate their positions so that the contract doesn't settle where you bet

It goes from 287 to infinity though? You can take money *out* of the contract too? I'm confused.

PoWH3D and EPX are competitors, PoWH3D and PyrMex are not competitors

PoWH3D is working on their own futures market, FWIW

And if you think EPX is going to fail, now you can short it!

The dev is aware its high and it is going to be lowered to 5% or less after this first round. He didn't think anyone would throw in more than .5 ETH or so.

I personally guarantee the vigorish will decrease in the coming rounds, so you can just wait it out.

Did you mean dumping 287 ETH into EPX??

If you place a 287 ETH bet, your multiplier will be close to 1x because its very unlikely anyone else has established a more confident position than that

The only time money would be paid from the contract and not other players / vigorish would be if you are the only bettor, betting against the house alone

The 287 - Infinity thing just means 287 ETH and above is the cutoff for the "most bullish bet" on the contract balance. The pots go up and down by 5% or so in both directions

Free money if you buy epx

Friendly reminder this is the first cyrpto futures ecosystem ever created! Making history lads.

get that compounding interest

>inb4 the keyholders exit scam the contract

Nice try PonziBot. Norse did NOT endorse the 3rd POWD. Norse didn't even look at it.

Tocsick did look though, and said the contract seemed technically solid, but the math was flawed.

Tocsick cashed out the tokens he was gifted instantly, and took the $$ from the POW kiddies right into EPY - where is your (crypto) god now?

How sad is it that the POWD devs needed the help of devs from EPX to make sure they didn't screw over their users yet again?

BUMP!

Yes, because we all want to lose money to ponzi a THIRD fucking time. No thanks.

I dont think Veeky Forums even knows what the fuck is going on here:

pyrmex.com is getting release in 3 hours and will act as a futures market for Ethphoenix.io. That means people will be betting
a)ethpy goes up
b)ethpy goes down in price
either way, people holding ethpy coins will be given dividends as investors attempt to moniplat there market in their favor. IM talking Million dollar market swings up AND down. HUGE numbers. Numbers no one has ever seen because its never been done before, ever... this is it.

leverage was up to 200x on the beta. 200x....

HUGE
U
G
E

It's already released man... first round is about to close

Friendly reminder that if you don't have at least .01 eth in this you have no heart.

oh man, where can I buy a divsnek scarf?

Ethphoenix.io/merch

Coming soon

>1.5 HOURS

GAS ON FIRE

daily reminder