The aim of the SP8DE project is to establish a decentralized gambling/casino platform built on the Cardano blockchain. What this entails is the ability to create a system where players can be certain no cheating/manipulation occurs, as everything can be verified on the blockchain. At the same time, casino owners can also be certain that players are not cheating either, as all activities can be verified on the blockchain aswell. To make this platform possible, the SP8DE is aiming to create a mechanic enabling pseudo-random numbers to be created on the blockchain so that everyone can see that the numbers which decide the outcome of bets are in fact genuine. Another feature the SP8DE platform will bring is the ability for anybody to create their own casino on the SP8DE platform, as the framework for this already will be established by SP8DE.
A platform like SP8DE has a lot of potential as the world shifts towards a more decentralized take on everything. By having everything verifiable on the blockchain, trust will come automatically as the only thing you have to trust is code, which you and everyone else can check yourself, no one can control or manipulate betting outcomes which is a very important feature, especially in an environment like gambling where individuals’ money is on the line. A technical infographic explaining the Khronos protocol has been created by the SP8DE team. The Khronos protocol is the one being used on the platform to create pseudo-random numbers which are used to determine outcomes of bets. The protocol is built using smart contracts on the Cardano blockchain.
Gambling has been a part of human culture for thousands of years & is not expected to disappear in the foreseeable future. The industry of online gambling has also been growing in correlation with the worldwide adaption of the internet. Online casinos are generating more than 2 billion dollars in revenue each year & is expected to generate around 2.25 billion dollars in revenue per year by 2020. For any ICO an immense and growing market is always important, which SP8DE in this case definitely has. Interestingly enough, SP8DE discovered that the interest for bitcoin casinos actually rose above the interest of online casinos in 2017, which obviously is great for a project like SP8DE. This is according to the Google Search Trends Index.
To fund their project, SP8DE is raising funds through an initial coin offering (ICO), selling their ERC20 token SPX. This token is going to be a part of the SP8DE platform ecosystem.
Sale started the 8th of January
Sale ends the 11th of March
98.888 – 58.888 SPX = 1 ETH (Depending on sale round, see picture below)
The SP8DE project is also giving out jackpots as part of their token sale program, people who participated in the SPX sale will be eligible to recieve tokens during jackpots. You can read more about the jackpot program in their whitepaper.
- A total of 8.888.888.888 SPX tokens will be issued
- A maximum of 3.655.555.558 SPX will be available for purchase during token sale
- Another 3.455.555.552 will be added to the Jackpot program
- Hard cap is 31.000 ETH
If you find this project interesting and wish to learn more about it you can read their whitepaper https://sp8de.com/sp8de_white_paper.pdf or visit their website https://sp8de.com/ for more information.
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