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[Day] Rings

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0
Rewards
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chest
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Volume
The fiat value of incoming dapp transactions over a period of time
$0
Contract Balance
The total fiat value of assets in a dapp's smart contracts
$0
Category
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Blockchain
Ethereum
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News

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

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Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.
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Filippo Romano

Gold Prices Surge to Three-Month High

Gold Prices Surge to Three-Month High

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Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.
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Emily Carter

BNB Smart Chain Set to Activate Pasteur Hard Fork

BNB Smart Chain Set to Activate Pasteur Hard Fork

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BNB Smart Chain is set to activate its Pasteur hard fork on August 25, introducing significant network changes.
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Katerina Papadopoulou

What is [Day] Rings?

The very first round of [Day] Rings starts when a player deposits his bet on the empty stack. The bet needs to be equal to or higher than 1 Finney (0.001 Ether).

From the moment his or her transaction - depositStack() call - is confirmed in a certain block X, the round goes on for 5748 additional blocks - stackWait=5748 -, during which any other player can take part in the bet and stack the exact same amount.

If a player tries to deposit a bet which is lower than the current value - stackValue -, said bet won’t be added to the stack and the value returned to the player.

If a player deposits a bet which is higher than the current stackValue a change will be returned to the player once the bet is added to the stack.

Once the (X+5749)th block has been mined, a winner can be declared, either calling closeBet() or starting a new round with depositStack(). The winner is the user whose address, concatenated with the blockhash of the first block after the last one for which it was possible to enter the bet and passed through the hash function keccak256 and converted to an unsigned value - uint - returns the lowest value, or in other code words:

uint ( keccak256 ( abi.encodePacked ( blockhash ( stackTime + stackWait + 1 ), playerAddress )))

rolling playerAddress among the addresses of all the players who entered the bet to find the minimum.

The winner takes 98% of the stack.

2% of the stack goes to the the house.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.