Sp8de — Best Paltform for The Game of Chance. Changed.

In what is described as a protocol for decentralized blockchain platform for developing casino applications with multiple special features whose solid implementation is yet to be available in any of the currently existing projects in this space. The concept of decentralized oneness that lies at the heart of blockchain is based on the smart application of cryptography and game-theory. Combined, they create the economics of trust and hold immense potential for revolutionizing many classic industries. This backbone of blockchain technology makes it an obvious candidate to be considered in developing online gambling applications and always used to be. In particular, blockchain has the potential to give transparency to all transactions, drastically reduce the house edge, nearly eliminate transaction costs, ensure anonymity of participants and ultimately, create the trust among players and other key participants. This rapidly evolving technological stack offers great potential for further enhancement in the online gambling space, however, it also carries diverse new pitfalls that are scarcely (if at all) researched and poorly understood. To understand the benefits the blockchain brings, one needs to delve deep in the economics of casinos.

From institutional viewpoint, the gambling industry has changed to large extent, 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.

Before I dig further into Sp8de platforms and how it works, I will quickly give a quick explanation on Cryptocurrency and Tokens for those that do not understand what the terms implies and how it works. You can skip this part if you already know.

INTRODUCING

Introducing you a feature-rich decentralized technology-based blockchain protocol that is essential to the growing variety of current popular or popular blockchain gambling industry platforms, which is better implemented against existing projects. The SP8DE platform delivers a better experience for gambling platforms to develop and run distributed casino applications with blockchain technology. That way we can be able to represent a new kind of digital technology with better distribution intermediaries.

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 Utility

Software license

Getting access to the universe of applications just requires you to own the native token of our system, SPX.

Gaming Chip

Betting within Sp8de ecosystem is done only using SPX. By owning SPX, you share a part in protocol’s success.

Royalties

SPX is used to reward the developers fairly on the protocol level.

The amount of SPX received for one ETH falls after each Sale round and in this way SPX is the cheapest during the Pre-Sale.

The amount of SPX distributed during each sale increases steadily after the Pre-Sale. The Jackpot amounts also increase in similar fashion but at much greater rate.

Each token being sold has a specific factor attached to it, the jackpot factor. The likelihood to win a lot is proportional to this factor.

Mind, that jackpot factors are ordered: even within one sale round, earlier contribution is rewarded with more ‘powerful’ tokens. The distribution of these factors for every round is shown in the table above.

Participants in the earlier jackpot rounds have small chance of winning large lot, while those participating later have higher chance of winning, but are rewarded with smaller lots.

In addition, earlier contributors participate in more jackpot rounds. This shouldn’t discourage late participation: the largest combined pool of prize tokens is played during the fourth jackpot round.

Participants in the earlier jackpot rounds have small chance of winning large lot, while those participating later have higher chance of winning, but are rewarded with smaller lots.

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.