Sp8de Announces Blockchain for the Internet of Gambling, Pre-ICO Is Live
Originally published on: CCN
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January 09, 2018
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In 2016, online gambling raked in over $44 billion off the back of increased technological mobility, enabling it to penetrate new markets and bring gaming to the fingertips of millions. With a projected 5 billion mobile device users and rapidly expanding internet literacy, the gambling industry has been projected to be worth over $87 billion by 2022.
Blockchain technology and the emergent cryptocurrency industry is championing a bold and exciting reinvention of online gambling, built on transparency, security, and anonymity. Blockchain-based casinos are on the rise, creating lucrative investment opportunities with an approximate growth of 292% last year alone. Blockchain has the potential to disrupt the online gambling industry by providing transparency to all transactions, drastically reducing house edge and lowering transaction costs, ensuring anonymity of participants and security of all exchanges.
Despite 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. Every block needs to be mined and time-stamped sequentially, resulting in delays. Waiting 10 minutes to know if a gaming round settled in the blockchain is no experience any casino operator wants to subject their users to in this highly competitive industry. Blockchain settlement fees are also prohibitively high for micro-transactions.
Las Vegas On The Blockchain
Sp8de is a next-generation, blockchain-based gaming ecosystem developing a revolutionary protocol for online casinos.
Built on Ouroboros, the POS protocol underlying Cardano blockchain, Sp8de will enable casino operators design and implement feature-rich gambling applications with zero-house edge, close-to-zero transaction fees, and provably fair random numbers. Ouroboros is the first provably secure POS protocol that successfully marries the coin-tossing application of commitment schemes with verifiable secret sharing, creating a secure and anonymous platform for users. The highly scalable platform is capable of executing tens of thousands of transactions per second, uniquely generate provably random numbers, and facilitate frictionless interaction between supply and demand.
The Token Sale
To facilitate the development of the platform and demonstrate its capabilities, Sp8de has instituted a token sale, unlike any. Scheduled to launch on January 8th, the token presale event automatically enters every contributor into the Jackpot stages where additional tokens will be randomly airdropped.
The more tokens contributors hold, the higher their chances of getting a larger share of the airdropped tokens. Sp8de presale for its SPX tokens has been designed to enable contributors to win and participate in more Jackpots. SPX tokens are being offered under an incentivized contribution structure that rewards first round contributors with 98,888 per ETH, while final round contributors get 58,888 SPX per ETH.
Join the token sale: https://sp8de.com/
Read about the Sp8de Revolution: https://sp8de.com/sp8de_white_paper.pdf
Join the conversation: https://t.me/joinchat/B-YJaQ_ULpPKAzPHFPUa-Q