Important: If you send exactly 0.0003 Gambler’s Coin to another person, you automatically wager your entire Gambler’s Coin balance against theirs.
Wagers require no counterparty consent, meaning you might be targeted for a wager whenever you hold Gambler’s Coin. In any wager, win odds are based on your balance and your opponent’s balance.
Gambler’s Coin can be swapped 1:1 for Ether on the Arbitrum Network using the form below.
To obtain Ether on the Arbitrum Network using fiat, visit a centralized exchange such as Kraken or Mt. Pelerin. Jumper Exchange is recommended if you prefer to buy Ether on Arbitrum using crypto.
You can start a wager against any wallet with funds. A random selection:
If you hold Gambler’s Coin for some time, you will likely unwittingly partake in wagers. For example, if you bought 0.01 Gambler’s Coin last week, you might have 0.05 Gambler’s Coin today, and no Gambler’s Coin next week.
Before a wager begins, a small fee of 0.0003 Gambler’s Coin (= 0.0003 ETH, ~$0.50 USD) is set aside. This fee acts as an incentive to resolve the bet.
Wagers are resolved proportionally based on balance. This means that if your balance is twice the size of your opponent’s, your chances of winning are also twice as high. The 0.0003 GAMB fee is not included in the wager and does not contribute to the odds of the person who initiates the bet.
Once a wager has started, both parties’ funds will be locked up until the wager is resolved. This usually occurs within a few minutes. During this time, both parties’ balances will show as 0.
After the wager is resolved, the winner’s balance is updated to include the total amount wagered by both parties.
This is Gambler’s Coin.
All basic functionality is available through standard Ether or token transfers.
Gambler’s Coin can be obtained by sending Ether on Arbitrum to the token address below. Gambler’s Coin can be exchanged back to Ether by, again, sending it to the token address below. You can start a wager against an address by sending exactly 0.0003 Gambler’s Coin to that address.
The source code can be inspected on Arbiscan. Gambler’s Coin uses a Verifiable Random Function (VRF), ensuring that wagers are resolved fairly.
If a low balance targets a high balance for a wager, the high balance stands to lose more and win less.