Have you ever walked into a casino, only to walk out frustrated, feeling that you got cheated? Have you ever wanted to gamble at the convenience of your own home, without having to interact with people? Sp8de might be the answer for you.
Sp8de – Casino on Cardano
Similar to many new ICOs and blockchain projects, Sp8de aims to utilize the power of blockchain and cryptocurrency to revolutionize a specific market; in this case, casinos and gambling. However, unlike many other ICOs, Sp8de isn’t based on Ethereum. Instead, it will be based on Cardano, which, at time of writing, is the 5th largest cryptocurrency by market cap.
According to Sp8de, Cardano was chosen over other proof-of-work cryptocurrencies (e.g. Bitcoin or Ethereum) because they believe that POW coins cannot scale transaction-wise. For them, proof-of-stake is a much better option.
Ouroboros, the underlying proof-of-stake protocol beneath the Cardano blockchain, relies on generating unbiased entropy. This is extremely useful for projects like Sp8de – gambling platforms can use these randomly-generated numbers to ensure that their games are provably fair.
Sp8de is a protocol and a blockchain-based platform with features that are tailored for the growing blockchain gambling industry. Sp8de will be built on top of Ouroboros, which will equip it with the ability to generate fresh unbiased randomness for casino games. The transparent nature of the blockchain will also allow it to provide provably fair and completely decentralized games.
Initial Coin Offering – with Jackpots!
Sp8de has just concluded its presale last week, on February 8th. The ICO is divided into five stages: the pre-sale and four sale rounds, with each round having a different number of tokens available, different price per token, different likelihood of winning the lot that each token brings to its owner, and the number of lots reserved for participants.
Every Jackpot is essentially an airdrop of tokens. Every token sold during a sale preceding a jackpot will have a chance of winning a jackpot during the subsequent jackpot phases. This means