Welcome to Sp8de, a blockchain-based platform capable of supplying unbiased public randomness for developing and running distributed casino applications. Sp8de is designed to suit the purposes of all the actors comprising the online casino landscape and as such represents the new breed of digital institutions, a distributed intermediary.
The spark that lit this project and continues to inspire us now, is that early blockchain and Bitcoin casinos simply didn’t get it right. The Blockchain community was younger and wilder, ideals of distributed freedom were burning brighter… still, early adopters who applied blockchain technology to gambling promoted the wrong ideals; those undermining the image of decentralized casinos. Instead of promoting transparency and cost efficiency that characterize blockchain technology, they promoted anonymity and cyber anarchy. Instead of making the casino for everyone, they kept it to themselves.
By no means are we here to judge. Instead, we are here to change. We do not say that old ways are bad, but can prove that new ones are better. We hold faith in the decentralized future and appreciate the charm of gambling.
We soon realized that there is only a fragile wall of glass between the old centralized gambling and the future global distributed casino. This is it, a simple yet captivating idea. The future is here: we can run a zero-house edge decentralized casino with close-to-zero transaction fees and provably fair random numbers feeding entropy into a myriad of Smart-Contract-based open source casino applications that can be developed by anyone who has a worthy idea by means of state-of-the art application-specific as well general-purpose programming languages. “We can” was the silent voice of the idea. Now it is the marching echo of “we do”.
As it frequently happens, technological progress made a massive leap forward that went unnoticed by the majority of human kind: people still prefer the traditional narrow-minded and boring online casinos that set draconian house edges and cannot be proven fair. Once again, no one has the right to judge: it is just an existential business need, produced by a dilapidated business model and an inch of greed.
Worse than this, however, is that even the enlightened ones, those chosen to witness the dawn of the distributed world have noticed a perfect fit between distributed consensus protocols and gambling applications, have synthesized them and… nothing. Some of these projects got infamous due to money laundering accusations, some have spoiled the beauty of the idea by running centralized online casinos and simply allowing for cryptocurrency deposits, others got their moments of fame during TGAs, today, however, few can recall even the names of these projects. Of course, there are some notable exceptions to this rule, but while succeeding locally all these projects have failed to create awareness. None of them has broadcasted the essential message: “There is no glass wall; the future of gambling is now; we are better in every single quantifiable aspect; if quantifiable is not enough, we also have the powerful idea of the distributed future, while those who are stuck in the past have only a couple of servers and an unaudited poker protocol”.
We will do what no one has done before. Sp8de is a blockchain-based platform for developing distributed gambling applications. As a platform for gambling applications with self-respect, we are equipped with the protocol for generating fresh unbiased public randomness. As a team with some aspirations we have it provably fair and completely decentralized. We feel that it is important to be true to the spirit of the venture we embark upon: if blockchain is the universal and undisputed source of truth then it should also be the broadcast channel for randomness. We think that single points of failure should be perceived by anyone as just a relic of the past.
This feature, while setting us aside most starkly, is only a part of what we have to offer in terms of technological stack. In what follows we will dive deeper into the revolution we all are a part of and will explain in detail the best iGaming protocol the world has ever seen.
What is SP8DE?
Sp8de is a protocol for blockchain-based platform with multiple features that are essential for the growing blockchain gambling industry and whose solid implementation is lacking in any of the currently existing projects in this space.
- 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 Search Engine of Gaming ➤ Spade is a platform for developing decentralized casino applications.
- White Noise Powered Fairness ➤ Voting mechanism is implemented on the protocol level: the rating of an application reflects the true consensus of the stakeholders and is immutable.
- Inspired to Create ➤ Spade is decentralized marketplace for gaming with no frictions and no barriers to entry.
- Legally Complient ➤ Spade is intended to be fully compliant with all the required regulations.
- Decentralized 3.0 ➤ The backbone of Sp8de, the Cardano blockchain is the first Proof-Of-Stake protocol without security compromises.
- Scalable and Efficient ➤ Tens of thousands of transactions per second: no user experience constraints.
- Sp8de Smart Contracts ➤ Smart-Contracts scripting language that was specifically designed for this.
The entire token distribution will be 8,888,888,888 of which 3,655,555,558.4 (41.125%) will be in the form of token sale and 3,455,555,552 (38.875%) will be given as a jackpot to those who have participated in the “token sale” rounds. The remainder of the tokens 1,777,777,778 (20%) will be vested with the team for the purposes of marketing, advisory, and further development of the project (see the Token Proceeds Utilization section for further details on the use of the proceeds from the token distribution). There is a one year vesting period that applies to these tokens. From Table 2 it becomes clear that the SPX tokens received per ETH are decreasing after each sale while the tokens distributed are increasing following the Pre-Sale stage.
The token sale will take place in four rounds and the amounts in each round are as follows:
Everyone who participated in the token sale will be eligible to receive tokens during the jackpots.
The jackpot distribution schedule:
The token distribution begins on Monday, January 08, 2018 and ends on Sunday, March 11, 2018 and is scheduled as in the manner illustrated in Table 4 below. The Pre-Sale lasts for 24 days while each Sale phase will be seven days followed by a Jackpot that is distributed entirely within a single day after every Sale. A graphical illustration of the entire SPX distribution can be seen in Figure 2 below.
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.
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.
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.
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.
Unpurchased Tokens Allocation
There is a possibility that some part of every token Sale will remain unpurchased. As illustrated in the table below the majority of the tokens that remain unsold will be automatically distributed among the Jackpots, increasing the number of tokens to be received by the participants in every Sale. If any tokens are allocated to the Sp8de Foundation they will be used for further development and promotion of the project.
For example, if 10,000,000 SPX has not been purchased during the Pre-Sale phase then 3,000,000 SPX will be allocated to the Sp8de Foundation, another 3,000,000 SPX will be attributed towards Jackpot phase I; 2,000,000 SPX for Jackpot phase II; and the last 2,000,000 SPX for Jackpot phase III. These attributions will be made in equal amounts towards every of the jackpots within each of the Jackpot phases — i.e. during Jackpot I all of the jackpots will be increased by 300,000 SPX resulting in 29,188,888.80 SPX per jackpot. The same logic applies to the rest of the Jackpots and all unsold tokens.
Token Proceeds Utilization
The proceeds of the token sales as well as the tokens that remain in possession of the team will be used to promote and develop the project as outlined in the Road Map section of this paper. In the figure below, we show how the proceeds will be utilized. As we have shown earlier Sp8de is development intense, therefore we allocate the majority of the proceeds to development and operations as we believe that proper management and highly skilled developers are in the core of the success of this project. Furthermore, when needed the tokens allocated to the Sp8de Foundation and the team might be used for further promotion and as part of an incentives scheme.
Crowdsale Proceeds Management
The funds raised during the Pre-Sale and the ICO will be held in the following cryptocurrencies and in the following proportions at the time of the conclusion of the ICO (March 11, 2018):
The distribution of the funds for development, marketing, operations, etc. will be done in these cryptocurrencies at the discretion of the team and these weights may not necessarily hold during the later stages of the Sp8de development.
Alexey Kashirsky ➤ CEO & Co-Founder
IT Mining Engineer graduate the Moscow State Mining University. MBA program of Mining Nitu «MISiS» Adviser to the General Director of NP «Miners of Russia» and an adviser to the Russian Academy of Natural Sciences, in the association «Industrial minerals»- an assistant to the president.
Mikhail Krapivnoi ➤ CIO & Co-Founder
CIO & Co-founder ex Ceo of Man & Machine. A robotics research Company Multi Entrepreneur Champion in Online Poker and Chess Member of the AI Research Association Blockchain Evangelist and just a cool guy.
Evgeny Borchers ➤ CVO & Co-Founder
A visionary, experienced business expert focused on cryptocurrency investing, Fin-Tech, and affiliate marketing since 2013. Co-founder of a number of Fin-Tech projects, the most recent one of which DCEX, a digital currency exchange.
Alexander Baykiev ➤ CMO & Co-founder
Responsible for the digital marketing, media communications, and creative content development to develop and sustain the brands of a number of businesses..
Lyubomir Serafimov ➤ Chief Operating Officerr
Lyubomir headed the development of multiple cryptocurrency exchanges across Europe and US. His knowledge of the academic literature on market microstructure and its applications to liquidity provision are integral to Sp8de’s token market availability while his knowledge of financial mathematics is essential to the technical design of the protocol.
Mikhail Vakhrin ➤ Chief Business Development Officer
Mikhail’s experience in financial engineering and in devising complex algorithms are now fundamental to the technical design of the Sp8de protocol. Having raised funds in US and Europe, he is also an experienced entrepreneur and passionate speaker and is now strengthening the business relations for Sp8de.
Konstantin Katsev ➤ Blockchain Gambling Adviser
Konstantin has over a decade of experience in marketing, web-development and entrepreneurship, as well as 2 years of productive work with blockchainrelated infrastructure. He is currently involved in marketing and promoting the world’s largest blockchain lottery platform, True Flip
David Wainwright ➤ Blockchain Gambling Adviser
An active investor & platform builder for over 20 years. Built and sold companies in over 20 countries including NetplayTV (Playtech), TelecomsTV (Oxygen8), HollywoodTV (Golden Race) and WHO Studios. Co-Founder of CryptoPad and founder of RealCasino and TheRedBox.
Artemy Zorin ➤ Graphics Design Adviser
Interactive designer user interface and visual style for web and mobile applications. Visual design and branding manager, head of design department, «Yodiz» studio.
Alexandr Uglov ➤ Marketing Adviser
Blockchain-evangelist and visionary. Has experience of staging in several projects C (SONM, Humaniq, etc). CEO of the Russian Media digital agency. Possesses 8 years of experience in Internet marketing and creating web services.
Norman Chou ➤ Strategic Business Adviser
Norman Chou is a blockchain expert that brings 20 years plus of experience from the IT industry in Silicon Valley developing business partnerships globally. Not only has he surpassed his goals in enterprise sales year over year, he is a thought leader in Blockchain technologies. He has numerous engineering accreditations specializing in Business Marketing and Communications.
Viv Anand ➤ Strategic Business Adviser
Viv is a big believer in Blockchain technology and expects it to fundamentally change the way we live. He has a wealth of diverse work experiences including in corporate America (GE & McKinsey) and technology sales (Datalink, Nimble Storage & HPE).
Daniel Montaner ➤ Gambling Adviser
World Champion Pro Gamer and Management/Consultant in eSports for teams such as compLexity, Evil Geniuses, and FaZe Clan. Voted Best CounterStrike Player 2005 and North American Player of Decade.
Lantz Litchfield, Ph.D. ➤ Gaming Security Advisor
Dr. Litchfield is a company executive and principal of a myriad of diverse professional service groups having extensive experience with a variety of organizations including Fortune-500 companies, government agencies, and military projects at the highest level of security covering industries such as Gaming, Internet e-commerce and dot-com start-ups. He holds a Ph.D. in Information Technology Management as well as the following computer security and IT certifications: CISSP, CSGE, CSGA, CSGI, CCSE+, CSE, CCSA, CCSI NG, NSI and NSA et al.
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