Today when checking new ICOs on Icoalert.com to find some interesting projects that have potential to become a big player in our wild-west Crypto World, I came accross a Gambling Project namely SP8DE. So far, we have couple betting - gamling projects in space such as DAO.Casino, BitPoker, Edgeless, BitDice, Funfair. However, after reading the White Paper and looking at the Team, personally I rate SP8DE with the highest point in the gambling industry that they intend to disrupt.
Before digging into SP8DE project, please note that statements on this article are not investing recommendations and does not represent the views of anyone other than myself. You should do your own research and look into various sources before deciding to make a move.
Technicially, what is SP8DE?
- SP8DE is an ERC-20 Token with contract: 0x30DdA19C0b94a88eD8784868Ec1e9375d9F0E27c, Decimal 18, Symbol DSPX (will change to SPX after Tokens are fully distributed).
- "A Decentralized Platform for Gaming Dapps" - Sp8de is a protocol for decentralized blockchain based which can be used as a platform by anyone to develops open source casino applications which are not controlled by anyone or organizations.
- The "New-Generation" Blockchain - Sp8de is built on top of Cardano Blockchain, which is called 3.0 Blockchain as it is the first POS (Proof of Stake) protocol without security compromises. The interesting thing is we have not noticed any significant projects that related to Cardano, though Cardano is in top 5 crypto world . Hence, we can see Sp8de as the pioneer for utilizing Cardano. I believe many Cardano investors like to see Sp8de successful as the real use case of Cardano.
- Scalable and Efficient is one of some featured advantages of Spade Protocol (Sp8de) by applying Cardano blockchain. You can check more featured at White Paper (Page 12). Nowadays, if your transaction is not fast, you will not survive in this crypto world except bitcoin or ethereum. With POS protocol, the transaction is close-to-zero and almost instant.
What is the real problem SP8DE trying to solve?
"Fairness of the outcome is essential for gambling"
You and I know that when we go into the casinos at weekend, we do have the chance to win. But if we play everyday, we will loose. Many players believe the house rigs our games thanks to their house edge, which was build from mathematicians to ensure that the house has a much greater chance to win in the long run. This is where SP8DE come in for the Fairness, Transparency, Decentralization.
The Casio Game Applications are build on Sp8de blockchain has:
- No Centralization: Nobody has control over the games. It is open source. And if you want to change the rules, it has to be accepted by the public. Hence, the house are absolutely unable to set up their own rules. That make it impossible to cheat the system.
- Transparency: Everyone can see what happening in the games, everything is recorded publicly on blockchain. No one can alter data.
- Players do not need to wait for the bank or credit card company approve their transactions to deposit money and the online casino is no longer waiting for these third party to pay their players. Every transaction is almost instant and near-zero fee by using SPX Tokens.
Token Distribution
The Pre-sale started on Jan 08, so the time I wrote this article, we are in the Pre-sale phase.Some notice you should know if you are planning to contribute to Sp8de project:
- The USA and China Citizens are not allowed to buy SPX Tokens due to local laws.
- You can purchase token by ETH, BTC, ADA and Visa/Master with required smallest purchase is $20
- If you have purchased Token, you might receive tokens during Jackpots. The earlier phase you take part in, the more chance you win tokens.
- Total Token will be distributed is 8,888,888,888 which will be allocated for 41.125% of token sale, 38.87% of Jackpots and the rest 20% of marketing project.
Token Sale Phases. As above table, for Pre-Sale phase, 1 ETH = 98,888 SPX.
Table of Token Distributed in Jackpot Phase.
Token Distribution Schedule.
How to buy SPX Token?
- Go on https://sp8de.com/ and register using your email address.
- Click tab "How to buy tokens" and filling your Ethereum address, you will receive DSPX token to this address. Please remember to use your personal Ethereum address such as Myetherwallet, Hardware Wallet.
- Choose the payment methods and copy the address of currency you choose, then transfer the currency to the provided address.
- After completing deposit, you will receive the DSPX token automatically to the Ethereum address you provided initially. It may takes couple hours to receive tokens.
Personally, I did contribute into this project because I believe in the team and the tech they are bringing to the market. Again, you should do research deeply before investing into any projects.
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Sources:
- Sp8de website: https://sp8de.com/
- Sp8de White Paper: https://sp8de.com/sp8de_white_paper.pdf
I really hope for a project to succeed in the "Blockchain Casino" field, as I am almost certain that this kind of platform/dapp can be a success. As sp8de is going to be on Cardano, I have high hopes!
Let's see, hopefully by this time next year we will already be playing poker on a sp8de based dApp (bye bye Poker(Rake)Stars!)
:-)
yes. If they can meet their roadmap deadline, we will see the first Poker by the end next year.
Are you actually involved with this project? Because we've done an intensive review of this ICO and it scores as junk status - this looks like a complete scam.
I did. Honestly,I wrote this article also for bounty campaign. They said they gonna hit exchange on Mar 2018 (Telegram). If u can share some proof, I love to see that so if they are scamming, others have chance to avoid them.
Thanks, Mate
The first part of our analysis summary on the team is here: https://it.toolbox.com/blogs/craigborysowich/sp8de-ico-is-a-scam-part-1-team-deep-dive-021918
This is sketchy enough on its own... more to come soon.
they claim to be using ouroboros platform from Cardano - the folks over at Cardano have never heard of these people. Also, the Cardano platform isn't ready or available to offer tokens to dApps - so what are these people selling? they are just taking peoples money.