Welcome to Pump Roulette
Pump Roulette is a novel platform designed to provide a level playing field for all pump participants. In the current token pump events, profits are mostly taken by pump group organizers who have foreknowledge of the token to be pumped. Pump Roulette smart contract eliminates these bad actors from the equation giving everybody an equal chance to succeed.
Pump Roulette ecosystem has its own PRT token. PRT token distribution scheme is Bitcoin-like and the token maximum supply is capped at 21,000,000. In addition, Pump Roulette smart contract buys back and burns PRT tokens making PRT supply deflationary.
Pump Roulette ecosystem has its own PRT token. PRT token distribution scheme is Bitcoin-like and the token maximum supply is capped at 21,000,000. In addition, Pump Roulette smart contract buys back and burns PRT tokens making PRT supply deflationary.
Description of the problem
Crypto token pump groups thrive all over the internet. Their organizers announce the token to be pumped every week or so. Group organizers have foreknowledge about the token to be pumped. They accumulate tokens before the pump and then sell them to the group members after announcing the pump. This practice is both unfair and unethical.
For the token price to be easily pumped, group organizers always choose thinly traded tokens. These tokens have sparse order books (see Figure to the right). This allows the token price to fly up really fast. This also means that it is nearly impossible to buy such a token at P0 or close to P0 price levels, see Pump phases page. According to our experience the tokens can be purchased at 2 P 0 to 3 P0 price levels at best. This leaves very little room for profit taking. You may make money or you may lose money on the pump. If you trade pumps manually, there is almost no chance of consistently turning a profit.
The only people who reliably make a ton of money on the pumps are pump group organizers. Their profits lie in the foreknowledge of which token is going to be pumped.
Solution to the problem
But what if the algorithm decides which token will be pumped?
Then the playing field won’t be tilted and every pump participant will have a fair chance of making a quick Nx profit.
This can only be achieved with the Pump Roulette smart contract.
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