IOTA expressed:  Have you tried out our Smart Contract Roulette? It’s IOTA test-token based, so 0-risk fun – try out your luck with the Random Number Generator, and see how well you do.

The new IOTA Smart Contracts framework is here and can be used to power decentralized applications – just like the Fair Roulette demo. The Proof of Concept demo gives a real-time impression of the performance of IOTA Smart Contracts by showcasing how the execution of a contract works in combination with a user-friendly front end. As the roulette shows, smart contracts can be about exchanging value, generating outcomes and trusting a decentralized software with your funds.

Because funds are necessary to make a smart contract transaction, the demo takes the form of a roulette. To start the demo, hit “request funds”. Coins from the IOTA Developer Network (DevNet) will be transferred to your demo balance.

To start a round, place a bet on a number from one to eight, and let the roulette wheel spin. If your bet is successful, the underlying smart contract sends you your gained coins; if your bet isn’t successful, the smart contract keeps the coins. You can learn more about IOTA Smart Contracts in the documentation, accessible through the IOTA Wiki, and review the smart contract executing the roulette demo.

In the demo, you can request tokens from the IOTA GoShimmer nodes, which will send the tokens to the wallet. By placing a bet, you wager tokens from your wallet by sending them to the smart contract; these staked tokens are held by the smart contract in a pool along with tokens gambled by other players.

The smart contract generates a random number and automatically rewards the player(s) who bet on the winning number. If more than one player bets on the winning number, the earned tokens are divided based on the amount of tokens bet in total. And it’s all immutable and automated – no one can change the outcome and there is no one to trust.

IOTA Smart Contracts is an ongoing effort by the IOTA Foundation.  A smart contract is a programmed agreement that is completely deterministic and automatically enforced. This makes it impossible to dispute.

Community Response:  Can somebody do Texas Hold’em? When listing on others Exchange?

I have been holding my IOTA since 2017. Is there any way to earn actual interest or something with IOTA?

When smart contract go live on chrysalis?