Home » Uncategories » 'SP8DE' THE FIRST ON-CHAIN CASINO THAT IS PROVABLY FAIR AND COMPLETELY DECENTRALIZED..!!

'SP8DE' THE FIRST ON-CHAIN CASINO THAT IS PROVABLY FAIR AND COMPLETELY DECENTRALIZED..!!


The revolution of blockchain technology in casinos caused a negative outcome instead of a positive one. The adoption of blockchain technology encouraged anonymity and cyber anarchy, instead of promoting transparency and cost efficiency. Clearly, this didn’t look good, and a change became necessary.Sp8de, a distributed intermediary for digital institutions, as well as a platform with the ability to supply unbiased randomness for developing and running distributed casino applications, has been established, and integrates blockchain technology for trust, transparency and anonymity.Sp8de’s design suits the purposes of all actors of the online casino landscape.Sp8de’s decentralized nature, will ensure that casino is democratized.Between the first half of 2015 till the first half of 2016, in the European Union, the online gambling industry grew by almost 19%, and in this time,over US$2 billion in revenues were generated by the casino industry.Expectedly, the value will reach US$2.25 billion per year (12.5% revenue growth), between now and the year 2020.Between 2017 and 2025, online casino is also globally projected to grow about 130%, reaching US$97 billion with a cumulative annual growth rate of nearly 11%. The idea of Sp8de involves running a zero-house edge decentralized casino with close-to-zero transaction fees and provably fair random numbers feeding entropy into a myriad of Smart-Contract-based open source casino applications that can be developed by anyone who has a worthy idea by means of state-of-the art application-specific as well general-purpose programming languages, thus becoming the best iGaming protocol ever seen by the world.
It should be noted that Bitcoin has been popularly used in recent time for online betting. According to wagers, in 2017,nearly 3 Bitcoin has been used per minute for online betting. Also, the search for “Bitcoin Casino” has eclipsed that for “Online Casinos” since May 2017. This points to the fact that blockchain-based gambling is staggeringly taking over online casinos, and if the pace is upheld, there will be no benefits left for traditional online casinos consumers in the near future.

(MECHANICS OF SP8DE)
Sp8de will be built on the blockchain called Cardano. Cardano is a colossal project that embraces most far-reaching innovations and best practices in cryptocurrencies, and packed them into a single state-of-art system, and is being developed and maintained by a large team made up solely of PhD’s in the programming and cryptography field, as well as experienced engineers.Sp8de provides an environment for the design of gambling applications which are characterized with:
• Provides rich Smart Contract functionality that allows for creativity in game design that is bounded solely by the fantasy of the developer (and the demand for the resulting product)
• A mechanism to generate decentralized provenly uniform randomness at arbitrary time-spans
• Close-to-absent transaction fees and Proof-of-Stake powered scalability that is beyond the reach of any other on-chain casino protocol currently in existence, and
The integration of Cardano blockchain by Sp8de will help solve the following problems associated with on-chain casinos;
• Flexible and finance application-tailored scripting language
• Random number generation
• Transaction fees and scalability

(SP8DE TOKEN SALE)
Sp8de token called SPX, will have a total distribution of 8,888,888,888 SPX, and 3,655,555,558.4 will be in the form of token sale, while 3,455,555,552 will be given as a jackpot to those that took part in the “token sale” rounds. 1,777,777,778 SPX will be vested with the team, for marketing, advisory, and further development of the Sp8de project. Note that a 1-year vesting period applies to these tokens. Also, SPX tokens received per ETH,decrease after each sale while distributed tokens increase following the Pre-Sale stage. The Softcap is 4,500 ETH, while the Hardcap is 31,000 ETH.

(TOKEN SALE ROUNDS AND AMOUNTS)
(Pre-Sale)
Tokens distributed - 888,888,888
SPX per ETH - 98,888
ETH - 8,989
Sale 1
Tokens distributed - 388,888,888
SPX per ETH - 88,888
ETH - 4,375
Sale 2
Tokens distributed - 585,858,585
SPX per ETH - 78,888
ETH - 7,426
Sale 3
Tokens distributed - 886,868,686
SPX per ETH - 68,888
ETH - 12,874
Sale 4
Tokens distributed - 905,050,511
SPX per ETH - 58,888
ETH - 15,369

SCHEDULE FOR TOKEN DISTRIBUTION AND JACKPOT
Pre-Sale- January 8th, 2018 -February 8th, 2018
Sale I- February 08th, 2018 -February 14th, 2018
Jackpot I - February 15th, 2018 -February 15th, 2018
Sale 2 – February 16th, 2018 - February 22nd, 2018
Jackpot 2 - February 23rd, 2018 -February 23rd, 2018
Sale 3 - February 24th, 2018 - March 2nd, 2018
Jackpot 3 - March 3rd, 2018 -March 3rd, 2018
Sale 4 - March 4th, 2018 -March 10th, 2018
Jackpot 4 - March 11th, 2018 - March 11th, 2018

(JACKPOTS)

Note that, everyone who participated in the token sale will be eligible to receive tokens during the jackpots

Jackpot 1 – Tokens distributed = 288,888,888
Jackpot 2 - Tokens distributed = 388,888,888
Jackpot 3 - Tokens distributed = 888,888,888
Jackpot 4 - Tokens distributed = 1,888,888,888
Total - Token distributed = 3,455,555,552

( DISTRIBUTION OF UNPURCHASED TOKEN
Pre-Sale )

Foundation - 30%
Jackpot 1 – 30%
Jackpot 2 – 20%
Jackpot 3 – 20%
Sale 1
Foundation - 20%
Jackpot 1 - 15%
Jackpot 2 - 40%
Jackpot 3 - 25%
Sale 3
Foundation – 20%
Sale 4
Foundation – 30%


(UTILIZATION OF TOKEN)

10% - Advisory
45% - Development
20% - Operations
10% - Legal
15% - Marketing

(MANAGEMENT OF CROWDSALE PROCEEDS)
Ethereum Classic (ETC) - 15%
Ripple (XRP) - 15%
Bitcoin (BTC) - 15%
Ethereum (ETH) - 15%
Cardano (ADA) - 40%

(ROADMAP)
December 2017 – Proof of Concept
January 2018 – Pre-Sale
8th February 2018 – ICO
March 2018 – Exchange Listing
July 2018 - MVP Protocol Development
August 2018 – ERC20 Token to Native Token
November 2018 – Hackathon Event
December 2018 – Platform Development
January 2019 – Conference
January 2019 - Gaming License Acquisition
January 2019 - First Game announcement
February 2019 – Casino Launch
May 2019 – Poker Protocol Development
July 2019 – Poker Alpha Testing
October 2019 – Poker Beta
November 2019 – Poker Tournament

(TEAM)
Alexander Baykiev - CMO & Co-founder
Lyubomir Serafimov- Chief Operating Officer
Mikhail Vakhrin- Chief Business Development Officer
Alexey Kashirsky - CEO & Co-Founder
Mikhail Krapivnoi - CIO & Co-Founder
Evgeny Borchers - CVO & Co-Founder



(ADVISORY BOARD)
Daniel Montaner - Gambling Adviser
Lantz Litchfield, Ph.D. - Gaming Security Advisor
AlexandrMalkov- Legal Adviser
DominikasShpota- Legal Adviser
Brian Krug – Tech. Business Development Advisor
Andy Smith – Tech. Entrepreneurship Advisor
Konstantin Katsev - Blockchain Gambling Adviser
David Wainwright - Blockchain Gambling Adviser
ArtemyZorin - Graphics Design Adviser
AlexandrUglov - Marketing Adviser
Norman Chou - Strategic Business Adviser
Viv Anand – Strategic Business Adviser

I trust that it has been an interesting read so far. I therefore urge everyone to become a part of the Sp8deproject. For more information about this project, please feel free to click on any of the following links:

Mytherwallet: 0xf02df1350820ecc4C58BF067739900A50722D5Ca
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