At the present time, Blockchain technology and the emergent cryptocurrency industry is standing up for a bold and exciting reinvention of online gambling, built on transparency, security, and anonymity. Blockchain-based casinos are on the rise, creating profitable investment opportunities with an estimated growth of 292% last year only. Blockchain has the potential to disrupt the online gambling industry by providing transparency to all transactions, extremely reducing house edge and taking down transaction costs, ensuring anonymity of participants and security of all exchanges.Notwithstanding this, blockchain casinos have only served to complement the traditional online gambling. This stems from the fact that most blockchain services cannot compete with the efficiency of centralized systems when it comes to settlement of values. Decentralization always comes at a cost.
As a solution of this problems, Sp8de is a next-generation, blockchain-based gaming ecosystem developing a revolutionary protocol for online casinos.
What is SP8DE?
Sp8de is a protocol for decentralized blockchain based platform with multiple features that are essential for the growing blockchain gambling industry and whose solid implementation is lacking in any of the currently existing projects in this space.Spade is designed to suit the purposes of all the actors comprising the online casino landscape and as such represents the new breed of digital institutions, a distributed intermediary.
Additionally, Sp8de is the new-generation blockchain-based gaming platform aimed at all the participants of contemporary casino ecosystem. The company call it “new generation” as Spade satisfies all the aforementioned conditions of a ‘proper’ blockchain casino.
How Sp8de provides an environment for the design of gambling applications which are characterized with:
- 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;
- A mechanism to generate decentralized established uniform randomness at arbitrary time-spans;
- 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 of course);
Getting access to the universe of applications just requires you to own the native token of our system, SPX.
Betting within Sp8de ecosystem is done only using SPX. By owning SPX, you share a part in protocol’s success.
SPX is used to reward the developers fairly on the protocol level.
- The Search Engine of Gaming: Spade is a platform for developing decentralized casino applications
- Inspired to Create: Spade is decentralized marketplace for gaming with no frictions and no barriers to entry.
- White Noise Powered Fairness:Voting mechanism is implemented on the protocol level: the rating of an application reflects the true consensus of the stakeholders and is immutable.
Spade is intended to be fully compliant with all the required regulations.
Decentralized 3.0: The backbone of Sp8de, the Cardanoblockchain is the first Proof-Of-Stake protocol without security compromises.
Scalable and Efficient: Tens of thousands of transactions per second: no user experience constraints.
Sp8de Smart Contracts: Smart-Contracts scripting language that was specifically designed for this
There are 8,888,888,888 SPX tokens to ever be supplied. Initially, during the ICO, SPX will be issued on the Ethereumblockchain as ERC20 tokens. More detailed information can be found in the whitepaper and the SPX ICO description. The token sale is organized in 9 phases: one pre-sale and four token sales that are each followed by a jackpot round.
As shown before the price of one SPX coin increases with every sale round. The number of tokens sold and jackpotted is larger every subsequent round for the exception of the pre-sale. Every jackpot is played among all of the existing token holders.
Earlier participation allows for participation in more jackpot rounds. For instance, taking part in the Pre-Sale and the first Sale gives access to all four jackpots. However, participation in, let’s say the third Sale will grant access only to Jackpots three and four.
Please, make sure to understand the mechanics of the Spade ICO process prior to taking part in it. Do not rely solely on the graph and be sure to understand the meaning of all the components of it and especially the highlighted segments of the jackpot bars.
The token distribution begins on Monday, January 08, 2018 and ends on Sunday, March 11, 2018 and is scheduled as in the manner illustrated in Table 4 below. The Pre-Sale lasts for 24 days while each Sale phase will be seven days followed by a Jackpot that is distributed entirely within a single day after every Sale.
The team believe that a true decentralized gaming platform has to be true to the casino spirit even in the design of its fundraising campaign.
The ICO itself is divided into five stages: the pre-sale and four sale rounds. Each of the stages differs along several important dimensions:
- the number of tokens available,
- the price of each token,
- the likelihood of winning the lot that each token brings to its holder, and
- the number of lots we have reserved for participants.
The first two of these are conventional in the industry: the earlier birds get better prices. Points 3 and 4 are unique to Spade. Each sale round after the pre-sale is followed by a ‘jackpot round’ whereby a limited number of lots are randomly distributed among the token holders. These are illustrated as four bars on the right.
Unpurchased Tokens Allocation
There is a possibility that some part of every token Sale will remain unpurchased. The majority of the tokens that remain unsold will be automatically distributed among the Jackpots, increasing
the number of tokens to be received by the participants in every Sale. If any tokens are allocated to the Spade Foundation they will be used for further development and promotion of the project.
Token Proceeds Utilization
The proceeds of the token sales as well as the tokens that remain in possession of the team will be used to promote and develop the project as outlined in the Road Map section of this paper. In the figure below, I will show how the proceeds will be utilized. As we have shown earlier Spade is development intense, therefore we allocate the majority of the proceeds to development and operations as we believe that proper management and highly skilled developers are in the core of the success of this project. Furthermore, when needed the tokens allocated to the Spade Foundation and the team might be used for further promotion and as part of an incentives scheme
Join the token sale: https://sp8de.com/
- Team & Advisors
- Alexey KashirskyCEO& Co-Founder
CEO and Co-founder . IT Mining Engineer graduate the Moscow State Mining University MBA program of Mining Nitu “MISiS” Adviser to the General Director of NP “Miners of Russia” and an adviser to the Russian Academy of Natural Sciences, in the association “Industrial minerals”-
an assistant to the president.
- Mikhail KrapivnoiCIO& Co-Founder
CIO & Co-founder ex Ceo of Man & Machine A robotics research Company. Multi Entrepreneur. Champion in Online Poker and Chess .Member of the AI Research Association Blockchain Evangelist And just a cool guy.
- EvgenyBorchersCVO& Co-Founder
A visionary, experienced business expert focused on cryptocurrency investing, Fin-Tech, and affiliate marketing since 2013. Co-founder of a number of Fin-Tech projects, the most recent one of which DCEX,
a digital currency exchange.
- Alexander BaykievCMO& Co-founder
Responsible for the digital marketing, media communications, and creative content development to develop and sustain the brands of a number of businesses.
- Sergey NovomlintsevCBDO
A cryptocurrency evangelist, experienced virtual assets trader, and highly passionate about business development in the Blockchain Space. 8 Years of experience in Business Development.
- ZhusupBolotbekovBlockchain Developer & Gaming
Highly-specialized senior blockchain architect with over 3 years ofexperience in developing distributed systems, secure multi-party protocols, and provable security. Issued during the first financing round). Has deep knowledge Solidity, Ember.js, and PostgreSQL and others.
- Dmitry LipnikovBlockchain Architect
Highly-specialized senior blockchain architect with over 5 years of experience in developing distributed systems, secure multi-party protocols, and provable security.
- Renata Galikbarova.Marketing
Social Media Marketing guru. With 8 years of experience. Copy writer email marketing
- RadionMartynshSales Manager.
Radion has 7 years of experience as a salespersonhe was selling sotware for major Corporations on Russia and Kazakhstan. He is an huge believer in
Bitcoin and Crypto
- LyubomirSerafimovOperations Advisor
Served as a risk manager in a number of firms in the financial services industry, built risk systems and processes supporting the liquidity provision of cryptocurrency exchanges, and developed arbitrage trading strategies. An economic advisor to the Open Trading Network project and a Chief Strategy Officer at a digital currency exchange — DCEX.
- Alexander UglovMarketing Advisor
Blockchain-evangelist, visionary.Has experience staging ICOs in several projects (SONM, Humaniq, etc). CEO of the Russian Media digital agency.8 years’ experience in Internet marketing and creating web services.
- ArtemyZorinGraphics Design Advisor
Interactive designer user interface and visual and visual style for web and mobile applications. Visual design and branding manager, head of design department, „Yodiz“ studio. Cool Dude. Loves Blockchain.