DICE(Digital Certificates) :: new cryptocurrency that solves a number of key problems

bitcoinmux (30) in cryptocurrency •  20 days ago

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The DICE economy is not based on a blockchain. Instead, it consists of small clusters of Miners gathered around entities called Operators – IT hubs whose purpose is to perform validation of DICE units, and to maintain a database of DICE units associated with that particular operator. Any type of entity can be an operator in the global DICE economy.

DICE

The core element in the new model is called DICE (Digital CErtificate). DICE is a sequence of 1024 bits which conform to a certain set of rules.

Valid DICE units can be stored and later exchanged for physical goods, services, or digital content in a process called Trading. The process of creating new DICE units is called Mining, in which computing power is used to generate a block of 1024 bits which can be considered as a valid DICE.

The DICE economy is not based on a blockchain. Instead, it consists of small clusters of Miners gathered around entities called Operators – IT hubs whose purpose is to perform validation of DICE units, and to maintain a database of DICE units associated with that particular operator. Any type of entity can be an operator in the global DICE economy.

Initial DICE Offering (IDO)

The Initial DICE Offering can provide an easy way for a business to raise funds for its operation. In comparison with any other methods of fundraising such as ICO or IPO, expenses associated with IDO are minuscule and mostly come down to the cost of the operator’s server equipment and supporting software.

An IDO is how a new operator enters the DICE economy. When a business initially executes an IDO and becomes an Operator, there are still no existing DICE associated with the new operator.

The business needs to encourage users to start mining and thus generating value. Every new mined DICE that enters the economy, is added to the valuation of the operator. Then by paying in DICE associated with the operator, a miner can acquire certain equity in the business, production, or service.

By using the creation timestamp in DICE, an operator may define premium-value units to be mined within a specified period.

Summary

Self-supporting decentralised infrastructure based on clusters of individual users and small business entities.
Model operating on static proof of ownership and claims of new ownership, and unaffected by multiple copies or double spending.
Intrinsic tolerance of paper and unencrypted tokens.
Introduction of “Limited Trust Parties” with reduced scope for trustworthiness.
Completely fee-free while all parties are still incentivised.
Every miner is also an investor in a business of their own choice.
Mining becomes the main value-generating asset for a new business.

Token Distribution

ICO 55%
Core Team 15%
Advisor & Extern... 10%
DMF Seed Fund 10%
Pre ICO 5%
Referrals & Donations 5%

Dice Money team

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Official Website :
https://www.dice.money/

White Paper :
https://www.dice.money/white-paper/

Join Us on Telegram :
https://t.me/DiceMoney

Social Media Links :

Facebook :https://www.facebook.com/DICEsup/

Twitter : http://twitter.com/dicesup

 

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offline 8 months

Amelia03

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