Sp8de, the new-generation blockchain-based gaming platform
SO WHAT IS CRYPTOCURRENCY?
I first heard about Bitcoin in 2012 but i didn’t “get it.”
Terms like decentralized, distributed and disintermediatipiqued my interest, but I lacked the technical understanding to really understand what I was looking at.
I started reading up a bit more in 2015. However, only after a deep dive over the last 1 year do I feel like I’ve even begun to wrap my head around it.
A cryptocurrency is a form of payment which is similar to the currencies commonly used such as United States Dollar or the British Pound. However, unlike these currencies, cryptocurrencies are decentralized. There is no central government to print more of them out to cause inflation. In fact, cryptocurrencies have been formulated to gradually decrease in production as time goes by. Bitcoin, for instance will never have over 21 million coins in dissemination.
WHAT IS TOKEN?
A token is a representation of value, a sort of digital asset (dasset). The Ethereum developers decided to standardize this process, and so the ERC20 ‘Token Standard’ was created. This templated-contract standardization contains a series of functions that enables the issuance, distribution and control of the assets in a formalized, standardized manner.
A token standard allows for the ease of interoperability between DApps (decentralized applications built on the Ethereum public chain) and the tokens built by the programmers.
SP8DE PLATFORM AND HOW IT WORKS
Sp8de harnesses the power of blockchain technology called Cardano. 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
Sp8de utilizes Cardano to design its ecosystem and thereby solves the problems normally associated with the on-chain casinos described above. Here is how:
- Transaction fees and scalability: the size of transaction fees is normally a function of the degree to which a given distributed system scales. Scalability can be defined as the relation between system resources and the number of nodes. Scalable systems gain in efficiency as new nodes join the network: BitTorrent and IOTA protocols are two prominent examples.
- Random number generation: Cardano makes use of the POS protocol for generating unbiased entropy. The beauty of the idea is that the blockchain itself serves as a broadcast channel: the uniform randomness is generated on-chain. POS systems are heavily dependent on the ability to generate good-quality randomness without it, the integrity of the protocol can be interrupted.
The Search Engine of GamingSpade is a platform for developing decentralized casino applications.Inspired to CreateSpade is decentralized marketplace for gaming with no frictions and no barriers to entry.White Noise Powered FairnessVoting mechanism is implemented on the protocol level: the rating of an application reflects the true consensus of the stakeholders and is immutable.Legally ComplientSpade is intended to be fully compliant with all the required regulations.BlockchainDecentralized 3.0The backbone of Sp8de, the Cardano blockchain is the first Proof-Of-Stake protocol without security compromises.Scalable and EfficientTens of thousands of transactions per second: no user experience constraints.Sp8de Smart ContractsSmart-Contracts scripting language that was specifically designed for thisTOKENS DISTRIBUTION SPX per ETH
Tokens DistributionThere are 8,888,888,888 SPX tokens to ever be supplied. Initially, during the ICO, SPX will be issued on the Ethereum blockchain as ERC20 tokens. More detailed information can be found in the whitepaper and the SPX ICO description. The token sale is organized in 9 phases: one pre-sale and four token sales that are each followed by a jackpot round.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.
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