@pabloxrobin X rejected the campaign, we have reached out already to see if the ban can be lifted and what the issue was and what regulations perhaps may be blocking it, however they are very slow at replying
Launch limits are lifted on https://t.co/16FFXFOhGm.
• Up to $10,000 per play on every market
• BTC, ETH, SOL and NVDA at 3333x: $166M open per side
• All 15 markets, crypto and US stocks
• 2000x and above still gets 50% of losses back in $ HOUSE
Bigger plays, same rules. https://t.co/16FFXFOhGm
Many have been asking for a comparison between HOUSE and how it stacks up against the play & mint to earn competitors and so here is the first comparison sheet of how HOUSE does things differently and the unique mechanisms that power our ecosystem.
@beeonchain@GuddTekk@papertrade_xyz@izebel_eth There is not been a single issue since we went live, and your point is quite imaginary. Feel free to share any trx's that prove your point because after checking logs nothing of the sort has happened so not sure why you are spreading misinformation.
1. The approval is for the https://t.co/16FFXFOPvU Exchange contract. It's set higher than your deposit so you don't have to approve again every time you top up. The Exchange can only take USDG when you deposit. Many defi protocols such as Dex's and aggregators do this too so its nothing new and out the ordinary.
2. The intermediary address is the bridge. Once your funds arrive as USDG in your wallet, the site asks you to approve the Exchange so it can move that USDG into your trading balance. If you bridged something other than USDG, the bridge step comes first, then the approval and deposit.
You are free to use a fresh wallet (which is something you should be always doing anyway when interacting with anything online for the first time) if you have any concerns.
@SpeedevsO The check is before you submit, not during the trade. The leverage is shown on the order before you place it, and nothing changes after that.
@SpeedevsO The leverage never changed only you could make it lower thats something we have no control over its your trade your values that only you can place, we cant change them.
The values and docs are correct nothing ever changed the code never changed its immutable with a 3 day timeclock, and the specific values on farming HOUSE are outlined in our docs and whitepaper and have been long time before we went live. So the rules were always there and very clear from day 1.
As for the rest of the 50% we can't change the contract's allocation we cant reverse or make it up the system is immutable and the tokens are not transferrable while the market is closed so theres no way to send you without playing even if we wanted to.
Thanks for the details so let me explain both.
How much HOUSE you get depends on leverage:
• 250x or lower: 0% of the loss
• 500x: 7.1%
• 1000x: 21.4%
• 2000x and up: 50%
At low leverage the loss goes to the Vault instead. Higher risk trades get the bigger $HOUSE share, as outlined in our docs and on the site.
Pool size wasn't the problem. Trades aren't limited by the pool's TVL. What is the only thing that could have stopped you was the BTC long side being full: open BTC longs had hit the $1.5M launch limit. Your long was refused with "above the current size limit", which looks a lot like "no liquidity". That limit rises to $166M on Oct 25, and is just in place early so people dont snatch too much HOUSE by farming so its fair for all at the start.
There is no bug on the site, you placed the trade with 500x leverage as thats what the bar was at at the time you took the trade. The site dont change the leverage you use randomly, you must have placed the trade at that leverage even if it was set at that from a previous market its still the responsibility of the user to check the trade values before placing the trade. It cant just change mid placing the trade by iteself
Thats how the platform works, the tokens are just a kick back partial refund for playing on the site, never intended to be exact value back in tokens, with bigger allocations going to higher lev trades as they are more likely to get liquidated. And with regards to the 500x the site cant place the trades if it said 500x at the time you placed the trade thats because that was the setting chosen, weather you had 500x on market before the settings should always be checked before placing the trade but the site cant change these for you so it must have been placed like that, we have no control over what trades are put in and cant change them.
I believe the following happened. If you typed 3333x while viewing a market with a lower maximum (like LLY at 500x), the form overwrote your choice with that market's max when you clicked away and switched market. So when say you went back on BTC it still said 500x, and traded at 500x without noticing.
https://t.co/16FFXFOhGm contracts are now verified on Robinhood Chain:
$ HOUSE token: 0xbF578Ffc1134C05AA3EAa91117A6cf812Bf2cFC2
Exchange: 0x123c60Cd59c518CF4FE300d665f0bdAF44f33b13
Staking: 0x9Cff9c6A0A20273ADfe9b3801b77F9a729483cd4
HOUSE pool (PoolLock): 0x9f700B971583c391B61AAB3EE5df43b0BfAE287d
Swapper: 0x89d3eb7a6ec4D59C2398698d701e0d471Ae97fb7
Fee receiver: 0x099cae01488cd81304A0C6DFb1Bf6EA92E3B5763
Pool hook: 0x1DBd3A428Ca6C3e4EBb21A2c11d1a8188fcdEfC0
Timelock (3 days): 0xf058Ce7FdeCCbD800813A960edc3B47ba0317742
Price router: 0xba799a2f91A49939221f0BfB5003890c77F288cD
Signed price source: 0x9652ff9de6d33119c2224B58a9d84C052f5c5fd7
https://t.co/iBRRKChUFN
6.6 hours in and we have surpassed 300m in trading volume on the exchange even with the early position restrictions in place. After 3 days we will be lifting the limits to accommodate $10k margin and up to $166m OI per market.