binomialpool.finance is an unruggable liquidity pool, running on Binance Smart Chain.

binomialpool.finance is an unruggable liquidity pool, running on Binance Smart Chain. Unruggable means that the system remains secure even if the core developers were corrupted. Therefore, BinomialPool is built for yield farmers who are sick of the frauds in the current DeFi-ecosystem.

BinomialPool provides the following services:

• 🎲 For gamblers: Place provably fair bets with a 0.8% house edge.
• 📈 For yield farmers: Earn the house edge with a much lower risk than typical DeFi-investments.
• 📈 🎲 Both yield farmers and gamblers participate in the BINGOV-airdrop.
• 📈 Additionally, yield farmers earn a 0.5% withdrawal-fee if other yield farmers are withdrawing their deposits.

Unlike many other dapps, you can use BinomialPool directly from your wallet without any website.

⭐ ⭐ Early Adopter Bonus ⭐ ⭐

To incentive early adopters, users of BinomialPool receive BINGOV via an automated airdrop. BINGOV is the governance token of BinomialPool.

• 📈 Yield farmers receive BINGOV for every deposit.
• 🎲 Gamblers receive BINGOV for every bet, regardless of whether they win or lose.

The BINGOV-airdrop uses halvings that are similar to Bitcoin-halvings. The halvings limit the total supply of BINGOV, such that BINGOV is a deflationary token. The halvings work as follows:

• Before the first halving: 1 BINGOV for each BNB deposited or betted.
• After the first halving: 0.5 BINGOV for each BNB deposited or betted.
• After the second halving: 0.25 BINGOV for each BNB deposited or betted.
  And so on and so forth...

The first halving happens after 500 BNB, the second after 1000 BNB, the third after 2000 BNB and so on. Visit binomialpool.finance to see when the next halving is happening!

Once BINGOV is sufficiently decentralized, the governance will be transferred to a decentralized autonomous organization (DAO). To benefit BINGOV-holders, the DAO can charge anywhere between 0% and 1% betting-taxes. However, until the DAO is established, betting-taxes remain at 0%.

The remainder includes the following sections:

• 🎲 BinomialPool For Gamblers
• 📈 BinomialPool For Yield Farmers
• 🏦 BINGOV - BinomialPool's Governance
• 🔒 Security Analysis

🎲 🎲 BinomialPool For Gamblers 🎲 🎲

BinomialPool is different from traditional gambling-sites because you can place bets directly from your wallet without any website in between. Wins are paid in the very same moment that you are betting. BinomialPool charges a cheap 0.8% house edge.

🎲 How can I bet? 🎲

To make bets, send BNB to the address 0x5ffaeb3a1abde2344f51bd193591698c61e95e65. To be safe, set a gas limit of 200k or higher. Your win-probability depends on the last digit of your wager. See the following examples:

Afterwards, you can see your wins or losses in https://bscscan.com/address/0x5ffaeb3a1abde2344f51bd193591698c61e95e65#events.

⚠️ Beware of scams! Never send BNB to an unverified address! The legitimate address of BinomialPool is 0x5ffaeb3a1abde2344f51bd193591698c61e95e65.

🎲 How much can I bet? 🎲

For a single bet, the maximum win-value is (1/4000) of the total value locked. Visit binomialpool.finance to see the total value locked.

📈 📈 BinomialPool For Yield Farmers 📈 📈

By providing BNB, yield farmers earn the house edge that is paid by gamblers. Unlike many other DeFi-projects, 100% of the rewards go to yield farmers.

📈 Why BinomialPool? 📈

Many DeFi-projects are susceptible to hacker-attacks or frauds. In contrast, BinomialPool is not only secure against external hackers, but is also secure against the core-developers. This security is achieved via the following principles:

• Simplicity: BinomialPool uses very little code and is easy to audit.
• Self-contained: BinomialPool does not use any external contracts that might be targeted by hackers.
• No updates: BinomialPool's code cannot be changed.

📈 How high is the yield? 📈

BinomialPool's yield depends on the gambling-activity after your deposit. More specifically, BinomialPool provides a mathematically guaranteed yield within a probability of 99.7%. The following table shows yields until half a million bets after your deposit.

Although the minimum yield can become negative in the early phase, it is certain to become positive after 200k bets.

Sidenote: The yields above are computed with the maximum win-value of (1/4000) of the total value locked. If gamblers are betting smaller values, then it will take more bets before the yields are reached.

📈 Who is behind BinomialPool? 📈

BinomialPool is not a company, but an open-source DeFi-protocol that is owned by its yield farmers. BinomialPool is programmed in a way to make exit-scams impossible. Nevertheless, BinomialPool has publicly known developers to increase the level of trust.

📈 Let's get started - How can I yield-farm? 📈

To start yield-farming, send BNB to the address 0x5ffaeb3a1abde2344f51bd193591698c61e95e65. To make this work, the last digit of your deposit-amount needs to be "9". For example, you can deposit amounts like 0.59 BNB or 100.0009 BNB, but you cannot deposit amounts like 0.5 BNB. Set a gas limit of 200k or higher.

You receive BINSHARE in return for your deposits. Visit binomialpool.finance to see the current value of BINSHARE. Finally, make the following tokens visible in your wallet, by adding the addresses as "custom tokens":

To withdraw your BNB, simply transfer your BINSHARE to the address 0x5ffaeb3a1abde2344f51bd193591698c61e95e65. You will be charged a 0.5% withdrawal-fee, but you will earn withdrawal-fees from other yield farmers who are withdrawing earlier than you.

🏦 🏦 BINGOV - BinomialPool Governance 🏦 🏦

BINGOV is based on the principle of weak governance. Unlike many other DeFi-projects, BINGOV does not have the ability to swap code or mint tokens. BINGOV is limited to the following abilities:

• Change the house edge between 0.1% and 2% (currently 0.8%).
• Charge win-taxes between 0% and 1% (currently 0%).
• Change the maximum win-value between 1/1000 and 1/10000 of the total value locked (currently 1/4000).

All of those decisions will be made by a DAO once BINGOV is sufficiently decentralized.

🔒 🔒 Security Analysis 🔒 🔒

This section is only for technically advanced readers. For the security of BinomialPool, we consider two key questions:

• Statistical soundness: Are the expected yields correct?
• Contract manipulations: Is it possible to exploit the contract?

🔒 Statistical Soundness 🔒

The listed yields have been computed via Monte-Carlo-Simulations. Statistically inclined readers can verify yields by checking the code in js-simulate.

🔒 Smart Contract Manipulations 🔒

The production of blocks is a potential security-concern. For example, malicious block-producers might conduct the following attacks:

• Manipulate randomness until a bet is winning for them.
• Selectively dismiss bets that are losing for them.

We believe that such attacks are unlikely on Binance Smart Chain. If Binance's block-producers were conducting an attack like this, then this could severely damage the reputation of Binance. Nevertheless, BinomialPool enforces a stop-loss of 10% to protect yield farmers. This means that if BINSHARE ever drops 10% from its all-time-high, then the contract accepts no more bets and yield farmers have unlimited time to withdraw their BNB.