boyambon07: SP8DE - GAME CHANCE. AMENDMENT ( ICO Crowdsale )

Sp8de is a protocol for a decentralized platform based on blockages with some of the things needed for the gambling industry that develops in blockbusters and its robust implementation is not in the current project in this space.

Chance game is a game with risk ; The fact is the risks ... and, of course, the reward. However, everything is said. In fact, this is just an abstract concept and a lack of mathematical substance. This is just an artifact of ancient man-made games built around a concept that is at least as old as the universe itself. This concept is commonly called chaos or randomness: the absence of a pattern or combination that can be understood.

Still sounds abstract. Therefore, when applied to the game, randomness is a basic concept: it is a process that can not be manipulated, and regularly gives a series of countless numbers that determine who wins and who loses. This is basically a really refreshing number. The process of generating these numbers is not possible :

A. Manipulated by any evil party,

This is identified by a considerable probability, taking into account the input of available information before scrolling, or

from. Supervised by someone before others at least theoretically,

etc. Also of course need to be repeated.

A canonical example of an artificial mechanism that, if sufficient, is sufficient to meet this important quality, is a roulette commonly used in almost all casinos worldwide. Thus, playback of roulette wheels through our 4 prerequisites to create a random number that can be applied to the casino:

A. This wheel produces automatic updates ( which means that over time generate recursive new numbers ) a set of numbers - the number and color of the winning pockets for some periods,

Rolling manipulation is not possible with good wheel conditions, from. Many people who tend to math in the history of mankind develop and use sophisticated methods to "guess" ( more like "predicting certain game results with statistically significant and, more importantly, interesting economic probabilities" )
the ( results of various casino games, including roulette ) provide a set of inputs: little if they ever work;
Of course, this is repeating: each wheel spin by the dealer represents a new iteration, which generates a randomly selected number of values.

Blockchain and Casino

In the future, we describe the protocol of a decentralized blockchain platform for developing applications for casinos with several unique functions, whose strong implementation is lost in existing projects currently in this space. The concept of a decentralized consensus underlying the blockade is based on the application of clever cryptographic and game theories. Combined, they create a trust economy and survive huge potential to revolutionize many of the classical industries.

This blockchain technology framework is a clear candidate for consideration in the development of online gambling, because, perhaps, it believes in the consideration and need for transparency - and is always used to

into - the two main pillars of the gambling industry [6], [7], [8], [9]. In particular, blockchain has the potential to provide transparency for all transactions, dramatically reducing the home side, virtually eliminating transactions.

cost, ensuring the anonymity of participants and, ultimately, creating trust between players and other industry participants. This fast pile of technologies offers great potential for improving online gambling, but also brings many new traps that are barely (at all) explored and poorly understood. To understand the benefits of blocking, you need to study the casino economy (institutional point of view). Knowing the problem requires an overview of the mechanisms of blockchain technology.

So why is the prevailing blockade for online gambling attracting the average person?

Gambling economy: institutional perspective

Despite the fact that the gambling industry has undergone difficult economic and sociological changes throughout its long history has radically changed the competitive and institutional landscape - from the point of view of the proposal, it has changed significantly from the point of view of those who want it. to try his luck. Actually, this game is still the same as the game that dominates the casino landscape, still a chance that determines your belief, and still a classic transaction costs that hinder the process, because the world we live in, without friction.

From here, we can look at casinos from the standpoint of institutional economics, the branch of economics that studies the influence of institutions on the behavior of economic entities.

One of the major roles that financial institutions play in modern economies is to save on transaction costs, which facilitate financial transactions, which otherwise would be impossible. They also serve as escons, known as trusted third parties, which promote trust among participants, allowing them to exchange more effectively than they should.

In this description, casinos act as "gambling" intermediaries who are aware of the impact of scale, maintaining order and quality of service, thus facilitating "conditional" transactions - tariffs.

Let's imagine the evolution of the gambling industry as a way to reduce transaction costs, when innovative industrial innovators try to take a piece of ordinary pastry from an old employee, bringing gambling toward a goal without friction.

In this vein, classic casinos reduce security and search costs, facilitate standardization, use chips and have rules at home, and most importantly, be aware of scale effects by bringing together unified people

the desire to gamble Following this line of reasoning, online casinos, performing the same functionality as their classic brick and mortar colonies, also facilitate the ease and cost savings of the players. The main reason for their existence, however, comes from the lighter cost structure, which is marked by virtually zero marginal cost to add new customers. This leads to ove costs

Roadmap

Tokens Distribution

There 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.

Team and Advisors