Crowdsale now closed, all 2326 ETH has been refunded.

June 18th, 2016


To all,

In light of the recent events surrounding the hacking of 3,641,694ETH from The DAO we have the following announcement to make:

Upon learning of The DAO hack we immediately updated our public communication channels and effectively ‘suspended’ our crowdsale, by our own volition.

Twitter, Reddit, e-mail announcements were broadcast out to those who were interested in our token sale to not send the Crowdsale contract any more ETH and that we were under-going an extensive emergency security audit.

We probed our contracts and were also in discussion with various senior members of the community in order to exactly understand the level of threat that the ‘Crowdsale’, ‘beneficiary’ and ‘Token’ contract may have potentially exposed our valued token holders to.

During the time we were performing our DAO post-mortem security audits, we were comfortable in the fact that we were not (due to correct programming practices) exposed to the particular ‘recursive call’ attack that The DAO was. In fact we were confident of that from the start. Happy days.

However, I was not happy with just making sure we were protected against just that threat alone, so we pushed the security audit further. Upon a deeper inspection, we discovered that there is an ‘edge-case’ chance of a potential ‘attacking’ contract performing what is known as a ‘callstack attack’ against the Crowdsale contract.

You can read more about that particular risk here:http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/

Upon learning this news I immediately had decided that in the sole interest of protecting our valued token holders ether, the absolute best decision for all those involved, was to simply refund the ETH to those that had made already made their decision to purchase our tokens.

You can see that transaction here:http://etherscan.io/tx/0x2ebb82bf040fb243fc34c0db501bdb5207c486ffe10edd4ca4e3c36f3d68af49

I want to make very it clear that it was always my absolute highest priority that our valued token holders ETH was entirely safe during this entire process. It was.

We had redundancy, on top of redundancy, on top of redundancy (literally). No matter what happened, the funds raised were safe during the entire time.

I would also just like to mention, that this is not the fault of the Ethereum protocol. Strict best-practice development methodology absolutely must be in place and adhered to at all times, and I personally, absolutely will not continue a project that has other people’s money at risk if there is even the slightest edge-case chance that it could have possibly faced the same fate as that of The DAO – even over a period as short as 7 days (our game contract is still WIP and we could have added the fix to it).

I would like to extend my deepest gratitude to all of our valued token holders (who showed great patience with us during these tough times).

We had an absolutely amazing couple of days during the period of our crowdsale, which raised 2,326ETH in under 5 days, and I think it goes to show just how strong the belief is in our platform.

I would also like to thank those members in the Ethereum community who surrounded us to aid in different areas of support during the time of this ‘black swan’.

All in all, thankfully, and at the end of all of this, I think if there is any good that will come out of all of this, (and there will be) is that there will be better future programming practices from the Ethereum developer community as a whole.

Let’s stick together, regroup, and come back even stronger. We can do this.

We will be making announcements in regards to our future plans.

Sincerely,
James
Founder

etheroll has raised 898 Ether during the first 24 hours of its Ethereum crowdsale.

http://etherscan.io/address/0xe709c6c933bda30963274d5bdd1e556c655c59fe

It means we will be launching with a bankroll of at least 718.4 ETH.

If we were to launch our game today, our maximum bet would be 14.368 ETH.

This is great news for both our players and token holders alike.

A big thank you to all those that have participated in the crowdsale so far.

We are very proud to announce that our 14 day crowdsale is now live

Our crowdsale is now live!

How do I participate in the crowdsale?

Please visit our website at etheroll.com for instructions.

We will be adding support and instructions for popular wallets in the next 24-48hrs. In the meantime, we currently have detailed instructions on how to participate using the Ethereum wallet on our website.

A quick reminder on the details of our crowdsale

Fuel the token sale with ETH during our token creation phase, and you become the holder of HERO (ɧ) tokens that grant you rights to a percentage of the profits the total bankroll generates, as well as the right to vote on proposals (new games/features).

During the token sale, when etheroll receives ETH, HERO (ɧ) coins are sent directly to the sender.

Each token grants its owner the following rights and has the following characteristics:

Direct profit share – proportional to the amount of tokens they hold. Token holders as a collective receive 90% of all profits the bankroll generates from this token sale.

Voting rights – Vote on which new games to build or features to add. Vote to reduce the house edge, if needed (we offer our players a low 1% house edge).

Are fully transferable peer-to-peer – You can sell your HERO (ɧ) tokens, or divest (see our divestment schedule).

Duration: 14 days.
Conversion schedule:
Week 1: 1 HERO (ɧ) token for 1 ETH (Ξ)
Week 2: 1 HERO (ɧ) token for 1.5 ETH (Ξ)
Total # of tokens to be created: 200,000
The token sale address: 0xe709c6c933bda30963274d5bdd1e556c655c59fe

To learn more about the token sale, please visit our website at etheroll.com

A friendly reminder from the team at etheroll – there are only 10 days left until our crowdsale is open and we are inviting *you* to bet on the house!

Hello World!

Just a friendly reminder to all those who have displayed their interest in the etheroll.com crowdsale and are looking to invest in our Ðapp and the future of provably fair dice gaming using the Ethereum protocol; the countdown to our crowdsale has officially begun and there is absolutely no stopping us now!

**There are only 10 days left until our crowdsale is open!**

We have received considerable interest from investors all over the world and as such we may not be able to run our crowdsale for the entire two weeks as has been pre-scheduled. Once we sell out, that’s all folks! So we recommend you get some ETH prepared and ready for our opening date on June 13th 10:00 UTC so you don’t miss out.

Pre-register your interest today.

Our crowdsale is a one-time only event and will never be repeated again.

That’s right. This will be your one and only chance to participate in our crowdsale. After this event has closed, token holders will be the only people who are eligible for a 90% lions share in the profits this house bankroll generates – in perpetuity!

Let us take a look at some numbers shall we?

Satoshi Dice is a similar dice game, built instead for the Bitcoin protocol. It reported revenue in 2012 at ฿1,787,470. Its first year earnings were reported at a healthy ฿33,310.
Source: http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/#5da1b23950cb

With just 10 days remaining until the launch of our 14 day crowdsale , we thought it best just to remind those that are interested, exactly we have on offer for our token holders;

Our application is very close to launch. The only purpose of this token sale is to raise ETH that is to be used as the house bankroll.

We have a live date scheduled for August 15th 2016! That is exactly 6 weeks from today.

Each token grants its owner the following rights and has the following characteristics:

1. Direct profit share – proportional to the amount of tokens they hold. Token holders as a collective receive 90% of all profits the bankroll generates from this token sale.

2. Voting rights – Vote on which new games to build or features to add. Vote to reduce house edge if needed (to remain competitive – we currently have a low 1% house edge).

3. Are fully transferable peer-to-peer. You can sell your HERO (ɧ) tokens, or eventually divest (see our divestment schedule).

Start Date: The HERO (ɧ) token creation phase begins on June 13th at 10:00 UTC

Duration: 14 days.

Conversion schedule:
Week 1: 1 HERO (ɧ) token for 1 ETH (Ξ)
Week 2: 1 HERO (ɧ) token for 1.5 ETH (Ξ)

Total # of tokens to be created: 200,000
Any tokens that remain unsold at the end of the sale will be destroyed.

The token sale address: TBC

http://etheroll.com

Announcing the etheroll token sale

We are most proud today to announce that we will be launching a token sale which will begin on June 13th at 10:00 UTC and run for 14 days.

We are inviting you to ‘bet on the house’.

Fuel the token sale with ETH during our token creation phase, and you become the holder of HERO (ɧ) tokens that grant you rights to a percentage of the profits the total bankroll generates, as well as the right to vote on proposals (new games/features).

During the token sale, when etheroll receives ETH, new HERO (ɧ) coins are minted and sent directly to the sender.

Each token grants its owner the following rights and has the following characteristics:

  1. Direct profit share – proportional to the amount of tokens they hold. Token holders as a collective receive 90% of all profits the bankroll generates from this token sale.
  2. Voting rights – Vote on which new games to build or features to add. Vote to reduce the house edge, if needed (we now offer our players a low 1% house edge).
  3. Are fully transferable peer-to-peer. You can sell your HERO (ɧ) tokens, or eventually divest (see our divestment schedule).

Start Date: The HERO (ɧ) token creation phase begins on June 13th at 10:00 UTC

Duration: 14 days.

Conversion schedule:

Week 1: 1 HERO (ɧ) token for 1 ETH (Ξ)

Week 2: 1 HERO (ɧ) token for 1.5 ETH (Ξ)

Total # of tokens created: 200,000

Any tokens that remain unsold at the end of the sale will be destroyed.

The token sale address: TBC

To learn more about the token sale, please visit our website at etheroll.com