Initial Coin Offerings (ICOs) are more than abundant these days. A lot of them are scams where developers run with your money. For example, MCAP tokens are allegedly a backup financial product with no value whatsoever to re-finance the Ponzi scheme of GainBitcoin [1]. Moreover, PlexCoin gathered millions of Dollars by pretending to work together with VISA, although VISA declined any relationship with PlexCoin [2]. Accordingly, investing in good and promising ICOs is hard, or to say the least, ICO investments are a gamble.
And, let’s be honest, the ICO we are offering here is no exception to the rule. In the truest sense of the words, investing in it is a gamble. But at least we tell you right away, and let you know about the rules and risks of this ICO. What we offer is a gamble on the President of the United States, Donald Trump. We offer you an honest ICO about a dishonest president. We give you two Ethereum Tokens, one called Impeachment Token, the other Full Term Token. Both are two Ethereum Smart Contracts. As a consequence, everything will be secured and handled automatically on the Ethereum Blockchain.
With these Tokens you can bet on Donald Trump’s presidency. Invest in the Impeachment Token if you believe Trump won’t last a full first term or invest in the Full Term Token in the opposite case.
Visit www.trump-tokens.com or send your ETH directly to
0xd51C109110E7ccB7f6B84DdD2485c2F8E2753415
to buy Impeachment Tokens
or to
0x67119bbdc1683df2ad85CCEa4304619F5D62e000
to buy Full Term Tokens.
Please, use a gas limit of 200,000 to avoid out of gas exceptions (usually the transaction will cost less than 100,000 gas, but use a bit more just to be on the safe side).
How does it work?
We won’t promise you profits to the moon. In fact, if you make the wrong investment you will lose your funds. However, if you make the right choice, you can win and make a profit! Here is how this works: For your ETH you will be rewarded with Tokens. The smart contracts will keep and secure your investment. In case Trump is impeached or he does last a full term, the losing contract will send the secured funds to the winning contract. If you own the right, winning Tokens, you can sell them back to the contract for a profit. If you own the losing Tokens, however, all your money is lost and paid to the owners of the winning Tokens.
For example, let us assume there are in total 20 Tokens available for 1 ETH each. Alice bought 10 Full Term Tokens, Bob 6 Impeachment Tokens, and Charlie 4 Impeachment Tokens as well. Moreover, let’s assume that Trump was indeed impeached. In this case the funds of 10 ETH invested by Alice are transferred from the Full Term Token contract to the Impeachment contract and Alice’s Tokens lose their value. The Impeachment Token contract now owns funds of 20 ETH (10 from Alice, which she lost, 6 from Bob and 4 from Charlie originally). Since Trump was impeached, Bob and Charlie now have the right to sell their Tokens back to the contract for a profit. Bob can sell his 6 Tokens for 12 ETH (getting back his original investment of 6 plus a profit of 6) and Charlie can sell his 4 Tokens for 8 ETH.
How many Tokens exist?
There are exactly 2 million Tokens available in total. In other words, the sum of both types of Tokens, Impeachment and Full Term, is at most 2 million. If 2 million Tokens are sold this ICO ends. However, how these 2 million are distributed among the two types depends on the market, well, this is you, the investors. For example, if you think that impeachment is much more likely than a full term, there could be 1,800,000 Impeachment Tokens sold and only 200,000 Full Term Tokens. Moreover, the Token sale is also limited in time and ends the latest on Friday 11th of May 2018, even if not all Tokens have been sold at this date.
How much do the Tokens cost?
The price of both Tokens is always equal, however, it increases with the number of Tokens sold. So you should buy as early as possible to get the cheapest price. The regular, final price is 0.099 ETH per Token, but there are large discounts for early investors, up to 30%. Accordingly, initially the price is 0.069 ETH per Token, but it increases by 0.0001 ETH each 6600 Tokens sold, thereby reducing discounts for late investors. Note that we deduct a small vigorish of 2.5% from each buy order. Selling your tokens later on for a profit is free of charge (except the usual gas costs, of course).
How is the winning contract decided?
That’s a smart question because, by design, Ethereum contracts cannot access any data outside the Blockchain. Neither Donald Trump nor the Congress and Senate are part of the Blockchain. So, how do the contracts know about whether Trump governed a full term or if he was impeached?
Well, the first case is rather easy to check. By default we assume if nothing happens and we reached the day before Trump’s end of term (19th January 2021), the Full Term Token wins. This is easy to implement because the Blockchain does know what time it is. Every block in the chain has a timestamp, so we are covered.
But how do we get Trump’s impeachment into the Blockchain? Is there some input by us, the authors, needed? No, also Trump’s impeachment confirmation is fully automatized without needing to trust us, the authors, of the contract (but c’mon we won’t lie to you, pinky promise!). Instead every user has the right (you can, you don’t have to!) to initiate an automated impeachment check and confirmation. To do this either visit www.trump-tokens.com (see FAQs) or, if you know how to interact with contracts on a node or truffle console, use the requestEvidence function of the Trump Impeachment Token contract. This will start an intricate cascade of events:
- The Impeachment Token Contract will call Oraclize and ask the question: “Who is the President of the United States?”
- Oraclize will forward this question to WolframAlpha.
- WolframAlpha will answer Donald Trump (or Mike Pence perhaps!?).
- Oraclize will forward the answer via a new Ethereum transaction to our contract and, in turn, the contract can compare and check if the answer is still Donald Trump.
For security reasons our contract requires 3 subsequent confirmations with at least 48 hours between each confirmation in order to really believe that Donald Trump was impeached. If an attacker gained control over Oraclize or WolframAlpha, she or he would have to stay in control for a week, rendering this attack very unlikely. However, this means if Donald Trump was impeached, you would have to be a little bit patient. You would have to wait about a week until you could sell your Impeachment Tokens back to the contract for a profit.
Can you trust the contracts?
Well, of course, our answer is yes because the contracts were extensively unit and integration tested during development. But you do not have to trust us, you can check up on the contracts yourself. The contracts are open source and can be inspected on Etherscan: Impeachment Contract and Full Term Contract.
So, what are you waiting for? Do you think Trump will last a full term or not? Turn your knowledge and or gut instinct into sweet, sweet Ether and buy and win with our Tokens.
Again, visit www.trump-tokens.com. For the best experience with our website install the MetaMask chrome plugin. Alternatively, send your ETH directly to
0xd51C109110E7ccB7f6B84DdD2485c2F8E2753415
to buy Impeachment Tokens (QR code below)
or to
0x67119bbdc1683df2ad85CCEa4304619F5D62e000
to buy Full Term Tokens (QR code below).
And don’t forget to set the 200,000 gas limit ;-)
Oh, and you can follow us on TWITTER or join the discussion on BITCOINTALK!
[1] https://bitcoinmagazine.com/articles/dubious-bitcoin-scheme-uses-ethereum-ico-keep-game-going/
[2] https://steemit.com/cryptocurrency/@enkrypton/plexcoin-the-next-cryptocurrency-confirmed-scam