S P 8 D E - A Decentralized Blockchain Platform For Gambling

Hello Guys, I will introduce a post about the project, Sp8de. This article provides a business analysis of an ICO, Sp8de. hopefully my post can be useful for everything.

While being driven throughout its long history by complex economic and sociological changes, the gambling industry has dramatically changed its competitive and institutional landscape – on the supply side it has changed remarkably little from the perspective of a person who wishes to try one’s luck. One of the major roles the financial institutions play, in modern economics, is economizing on transaction costs, thereby facilitating financial transactions that would otherwise be unfeasible. They also serve as escrows, notorious trusted third parties, who facilitate trust among the participants allowing them to enter into an exchange more efficiently than would otherwise be the case.

The advent of the cryptocurrency casinos came as a result of their anonymity feature as well as absence of any regulatory oversight. As many other applications of the blockchain technology in its early days, the major considerations behind setting up casinos on the blockchain were idealistic, impractical or outright shady in nature.

You are probably wondering, what is the function of Sp8de and the benefits you can gain from becoming a member. Well, if you like gambling so much and you have been into online gambling system since it was first released, you know that there are still many downsides and flaws associated with it. Well, in this platform, those downsides are minimized. Not only you should be able to enjoy a free-risk system, you will also be able to enjoy a whole improved experience that makes it different from the others.

Sp8de - is a protocol for 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.

Sp8de is a blockchain-based platform capable of supplying unbiased public randomness for developing and running distributed casino applications. 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.

Sp8de aims to build a platform that completely revolutionizes the way gambling works. Till now, the house or providing platform has had the upper hand as it can be difficult to piece out when a side is cheating as 100% transparency is difficult. But maximum transparency is what blockchain is made for. Gambling applications are one of the optimal uses of blockchain technology. Sp8de aims to utilize blockchain tech to make sure the randomness aspect of gambling—the key aspect keeping things fair and making sure the odds of winning and losing are in balance—stays intact. Users will use the SPX token to transact on the Sp8de platform and that ensures that the token retains its value.

Sp8de is using blockchain technology, that has many advantages :

Decentralized 3.0 - The backbone of Sp8de, the Cardano blockchain 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.

In the European Union the online gambling industry grew nearly 19% from the first half of 2015 until the first half of 2016. The casino industry in particular generated over US$2 billion in revenues during this period. It is expected that until 2020 this number will reach US$2.25 billion per year representing about 12.5% revenue growth. In the US for the period 2015 until 2016 online casino revenues increased by 24.4% and are expected to reach US$4 billion by 2020.
The EU and the US are just a small part of the worldwide casino industry. Globally, the projections of the online casino show that for the period 2017-2025 the market will experience growth of about 130% reaching US$97 billion with cumulative annual growth rate of nearly 11%. Currently over 6 million adults are officially participating in gambling activities around the world with projections of reaching 10 million by 2020.

Since inception, the blockchain technology was the subject of close attention by gambling enthusiasts. Recent news from The Merkle show how popular online Bitcoin betting has become. In aggregate the wagers put on online Bitcoin casinos in February 2017 have reached nearly 3 Bitcoin per minute. The price of Bitcoin at the end of February was about US$1,200 while now it is US$5,900 (approximately 292% growth) which means that as of today almost US$715 million worth of Bitcoin was gambled in February alone.

The Mechanics of Spade
Spade is the new-generation blockchain-based gaming platform aimed at all the participants of contemporar casino ecosystem. We call it “new-generation” as Spade satisfies all the aforementioned conditions of a ‘proper’ blockchain casino. We build Spade on top of the blockchain called Cardano.

The Cardano project itself is a monumental work that embraced the best practices and most far reaching innovations in the area of cryptocurrencies and packed them into a single state-of-art system. It is being developed and maintained by a large team comprised solely of PhDs in the field of programming and cryptography, and experienced engineers.

In what follows we will illustrate how Spade 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 provenly 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)

Sp8de SWOT Analysis

Strength - It is important to understand what a particular project’s strengths are; these develop into competitive advantages. Sp8de is not a first mover in the crypto-market that aims to target gambling. But the market is still young and Sp8de is one of the earliest players to enter it.

Threats - Even the titans of a given industry face threats; the situation is generally worse for smaller projects. Creating gambling projects through blockchain is popular and it’s likely that Sp8de will face copy-cats aiming to reproduce its platform.

Weakness - A grasp of a company’s weaknesses is important; a brilliant idea can be brought down by a single, but mighty weakness in operations, financing, marketing, or a number of other business and/or technical functionalities. Sp8de is playing with many other competitors in the gambling part of the blockchain revolution. With such a tight space for multiple teams, Sp8de would have to expense a good portion of its funds to marketing.

Opportunity - While many industries are ripe with potential, some are cluttered with immense competition or even potential downfall due to the advent of market changes or economic shocks. Online gambling has been growing at an extreme pace during recent years. Blockchain intends to make the world more connected and hopes to bring opportunities to the tough-to-reach parts of the world.

The Most Current Condition

We live in the super modern era where everything is (almost) run and controlled by technology, for the sake of comfort and convenience. Of course, it would be nice to be able to take a part in the gambling online system. However, despite the easiness and the fast access, there are still many flaws in the system. And it is the team behind Sp8de that determines that they should do something about it. They want to create a solid platform that isn’t only safe but also able to address some of the basic issues related to the online gambling system.

This is a platform that is focusing on the growing gambling industry and yet it takes it to a higher level. Instead of the regular systems and ways, it is now focusing on the blockchain methods that are believed to have better features and perks than the regular one. The coolest thing about this platform is the inclusion of cryptocurrency as one of the payment methods. It can be used as a payment method but it can also function as the winning reward. And since every member should have the cryptocurrency wallet, everything should be safer and smoother in the real implementation.

In what follows we will illustrate how Spade provides an environment for the design of gambling applications which are characterized with:

1. 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;
2. A mechanism to generate decentralized provenly uniform randomness at arbitrary time-spans;
3. 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);

Sp8de is the new-generation blockchain-based gaming platform aimed at all the participants of contemporary casino ecosystem. We call it “new-generation” as Spade satisfies all the aforementioned conditions of a ‘proper’ blockchain casino. We build Spade on top of the blockchain called Cardano.

Cardano is scalable, secure, and complex yet elegant. The major takeaway is that designing a successful POS protocol requires solving the same problems that constrain the creation of provably fair on-chain casinos. With Cardano as a backbone, Spade is set to become the best of its kind.

Solving Problems

A number of other projects utilizing the blockchain are entering the gambling industry by either aiming to create a platform for online casinos or by simply placing a specific game or a variety thereof on-chain. As noted above, among the issues which are solved by simply creating blockchain-powered versions of the games, three main problems remain yet unaddressed:

Transaction Settlement Time: it takes significantly longer to settle a transaction on-chain than off of it as each block requires time to be mined.
Transaction Fees: the fee for each transaction can become prohibitively high and preclude small bet sizes.
Provably random: the generation of randomness on-chain is a challenging as miners can see and modify block headers before everyone else.

Solved

The Problems which solved by Sp8de using Cardano blockchain :

Transaction fees and scalability: the size of transaction fees is normally a function of the degree to which a given distributed system scales.
Random number generation: finally, Ouroboros, the POS protocol underlying Cardano blockchain in its workings fully relies upon generating unbiased (i.e. uniformly distributed) entropy.
Flexible and finance application-tailored scripting language: those who have experience with the Bitcoin scripting language know how draconian and inflexible it is, those who spent thousands of hours grinding through Solidity (the Ethereum scripting language), know how quickly it might become overly complex.

Summarizing, the blockchain revolution allows for greatly enhanced transparency and efficiency of transactions, levels the playing field for online game development and greatly reduces overhead costs erasing the necessity of maintaining relationships with trusted third parties, bringing the concept of online casinos to a completely new level.

Token Distribution

The entire token distribution will be 8,888,888,888 of which 3,655,555,558.4 (41.125%) will be in the form of token sale and 3,455,555,552 (38.875%) will be given as a jackpot to those who have participated in the “token sale” rounds. The rest of the tokens 1,777,777,778 (20%) will remain with the team for the purposes of marketing, advisory, and further development of the project (see the Token Proceeds Utilization section for further details on the use of the proceeds from the token distribution). From Table 2 it becomes clear that the SPX tokens received per ETH are decreasing after each sale while the tokens distributed are increasing following the PreSale stage. A soft cap of US$4,000,000 (four million) is set and the hard cap is ~ 49,033 ETH.

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 example, 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 sale will take place in four rounds and the amounts in each round are as follows:

Distribution Schedule

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. A graphical illustration of the entire SPX distribution can be seen in Figure 2 below.

Roadmap

Team & Advisors

Token Information

Token Symbol : SPX

Platform Ethereum

Token Type : ERC20

Token Supply : 8,888,888,888 SPX

Equity on offer 3,655,555,558.4 (41.125%)

Hard cap 49,033 ETH

Token Price :

Pre Sale : 1 ETH = 98,888 SPX
Sale 1 : 1 ETH = 88,888 SPX
Sale 2 : 1 ETH = 78,888 SPX
Sale 3 : 1 ETH = 68,888 SPX
Sale 4 : 1 ETH = 58,888 SPX

Token Sale Date :

Pre Sale : January 08, 2018 - February 08, 2018
Sale 1 : February 08, 2018 - February 14, 2018
Sale 2 : February 16, 2018 - February 22, 2018
Sale 3 : February 24, 2018 - March 02, 2018
Sale 4 : March 04, 2018 - March 8, 2018

Accepted Currencies : BTC, ETH, ADA