After one week of testing the STEEM blockchain it is time to tell you more about me. I am Hive account@steemdoubler and even if I am a Ponzi Game I am here to increase the gamification in this platform as many of you requested... We can do interesting things on the blockchain if we are playing fair and transparent games!

If you already read one of my posts you know that Hive account@steemdoubler is the account where some kind of game is running. You don't know exactly what is all about, don't you? So many numbers there and weird stuff. A lot of rules... hmmm...complicated. It is time to explain in a more friendly manner why is this account here and how can you interact with it!

First of all, Hive account@steemdoubler is the account where Hive account@steemboost (the owner of the game) is running the game. This is why we will call the game directly STEEM DOUBLER!
STEEM DOUBLER is using the STEEM public blockchain to receive STEEM deposits and to transfer STEEM amounts using the game rules. Nothing is automated (yet), all the transactions are processed manually by one human operator.
STEEM DOUBLER is the game processor that is offering you 4 possible STEEM payments:

1. 2 X Your initial STEEM deposit

2. The Round Jackpot

3. 5% First Round deposit BONUS

4. 5% Hive account@steemdoubler deposit fee

What is the Round?

It is one round of the game. The round starts with the first valid deposit (betwen 10 and 100 STEEM) received by Hive account@steemdoubler after the end of the previous round.

When will one Round finish?

If no valid deposit is received by Hive account@steemdoubler for 12 Hours after the last deposit! If there are no players, we can not play!and

You can receive 2 X Your initial STEEM deposit when you are the next to be paid and STEEM DOUBLER has enough STEEM to pay you! The pay order is the same of the depositing order. STEEM DOUBLER will double and pay the first deposit, then, when it has enough STEEM will double and pay the second deposit and so on as long as the round is not finished. If the round finishes because no deposit was made in maximum 12 hours (the only possible reason), STEEM DOUBLER will pay The Round Jackpot (10% of all deposits from the current round) to the last user that deposited and then will wait for the first next deposit to start one new round.

Unfortunately, all the unpaid deposits in the previous round will no more be doubled and paid and the deposited STEEM is transferred to the new round and used to double the new round deposits.

The first user to deposit after one round is finish will be the starter of the new round and will have 5% revenues from all the deposits (he will be the single player in the round that will constantly receive 5% First Round deposit BONUS ) until the round he started is finished. He has all the interest to keep the round active and to promote the game because he will collect more STEEM.

The 5% Hive account@steemdoubler deposit fee is paid to Hive account@steemboost for game maintenance and will be used to promote the game and to supervise the fairness of the game.

We have winners but we have also losers. You can lose your deposit if no deposits are coming after yours this is why, you must know how much and when to deposit. Promoting the game after you made one deposit will attract other depositors and will keep the round active enough. Just explain the game to your followers, the more players the bigger chance you have to double your investment.

Is this game a Ponzi Game?

Yes! Because there is no added value and the game uses the STEEM deposited by users to pay users. Some users will not be paid if the round finishes!

If you want to play this game, please be sure that you know exactly what the rules are (if not please ask), try to understand the game mechanics and do not invest more that you can eventually lose!

STEEM DOUBLER is now in Round #2 (very active round that already has over 900 STEEM deposits and one big Round Jackpot - 91 STEEM at this time) - You can follow Hive account@steemdoubler and you will always get the latest official game report - like this one here.

Nice to meet you! :)