[ANN] Providence (PVE) 100% Cashless & Physical Crypto Casino & Resort - page 30.

luigii

full member

Activity: 182

Merit: 100

Quote from: _J_Newman on September 19, 2017, 09:31:56 AM

Will the resort be available only to gamblers or it will be open to everyone?

The resort will be open to every single guest. Although the casino will be the main economic driver, we rely on the fact that many tourists and guests will come despite the casino to enjoy all our other facilities that we will offer at the resort. Moreover, all the revenues from streams other than the casino will also be in conjunction with the reward system.

luigii

full member

Activity: 182

Merit: 100

Quote from: aalmina82 on September 19, 2017, 09:10:13 AM

Hi

What we get with gold and silver card? What is my benefit? Cool

Hi aalmina! Excellent question!

1)The cards are melted and crafted from 18 Karat Gold and Silver Sterling. Hardening, calcination at the right temperature to make the cards what they are, peerless gems!
2)It will be linked to Providence Exchange
3)Extra goodies and perks will be announced along the way (discounts, priority pass) and we are in discussion for more benefits
4)They are limited edition and only pre-sale contributors will have them.

_J_Newman

member

Activity: 67

Merit: 10

Will the resort be available only to gamblers or it will be open to everyone?

nnekic86

member

Activity: 240

Merit: 10

Quote from: luigii on September 19, 2017, 09:26:03 AM

Quote from: nnekic86 on September 19, 2017, 09:05:32 AM

Quote from: ekurtovic on September 19, 2017, 08:56:05 AM

Quote from: luigii on September 17, 2017, 08:30:57 AM

Quote from: KRT96 on September 17, 2017, 08:19:52 AM

So as I assume people who come to your casino can pay with your token via blockchain transaction?

Hey KRT96

yes, that is correct!

Essentially, here is a scenario:

You have some form of cryptocurrency (BTC, ETH) and you come to the Providence Exchange (our own proprietary exchange) either online from your home or when you are on the spot (you will also connect online because you will need to create an account up there which will have a wallet).

You can then exchange your BTC/ETH for PVE tokens and essentially use the tokens in the whole Providence Complex. Let's say you arrived at Providence, checked in and want to go into the casino. You will then have an option inside the exchange to BUY-IN chips. Real physical casino chips in USD counter value. You get 1,5% more chips then you bought (our incentive mechanism). Then you choose the desired table, let's say POKER TABLE and a sit in at the table and the croupier will just grant you the chips an and you are able to play along as much as you are feeling lucky (or skillful)

Then, the process goes in reverse. You cash out the chips and they automatically come back into your Exchange wallet . You can then get back to BTC or stay in PVE, go to a restaurant and pay yourself some good caviar and champagne with the winnings in PVE chips Wink

Hi

If I can something to ask.

You said in revers process... You cash out the chips and they automatically come back into your Exchange wallet.... Can you make pay out in the real money? Roll Eyes

My opinion and what I understand, you cannot get real money, just you will get in Crypto currency which you chose. Right?

I read in white paper, on page 16, you can see image and you will understand. Wink

Check my reply above. But you are correct, the core workings will be around crypto. Also, it depends on our liquidity of another crypto in the casino bankroll. PVE and BTC for sure always.

if I help to explain, no problem, and other time. Wink

ekurtovic

full member

Activity: 210

Merit: 100

Bosnia...

Quote from: luigii on September 19, 2017, 09:20:34 AM

Quote from: ekurtovic on September 19, 2017, 08:56:05 AM

Quote from: luigii on September 17, 2017, 08:30:57 AM

Quote from: KRT96 on September 17, 2017, 08:19:52 AM

So as I assume people who come to your casino can pay with your token via blockchain transaction?

Hey KRT96

yes, that is correct!

Essentially, here is a scenario:

You have some form of cryptocurrency (BTC, ETH) and you come to the Providence Exchange (our own proprietary exchange) either online from your home or when you are on the spot (you will also connect online because you will need to create an account up there which will have a wallet).

You can then exchange your BTC/ETH for PVE tokens and essentially use the tokens in the whole Providence Complex. Let's say you arrived at Providence, checked in and want to go into the casino. You will then have an option inside the exchange to BUY-IN chips. Real physical casino chips in USD counter value. You get 1,5% more chips then you bought (our incentive mechanism). Then you choose the desired table, let's say POKER TABLE and a sit in at the table and the croupier will just grant you the chips an and you are able to play along as much as you are feeling lucky (or skillful)

Then, the process goes in reverse. You cash out the chips and they automatically come back into your Exchange wallet. You can then get back to BTC or stay in PVE, go to a restaurant and pay yourself some good caviar and champagne with the winnings in PVE chips Wink

Hi

If I can something to ask.

You said in reverse process... You cash out the chips and they automatically come back into your Exchange wallet.... Can you make pay out in the real money? Roll Eyes

Our focus is on cashless and crypto. So we will direct our activities on mostly crypto operations as this will be our core business model for the initial launch. However, we are in discussions with a few banks for FIAT liquidity. But with that also comes several legislative parts which are also tied to jurisdictions and the player/guest who wants to cash out in that way. We will surely announce more details along the way on this aspect.

thx for answer... my first thought is Dirty Money and someone will use you for this illegal operation.

Like you said, it is cashless, and for me better to stay like that.

luigii

full member

Activity: 182

Merit: 100

Quote from: nnekic86 on September 19, 2017, 09:05:32 AM

Quote from: ekurtovic on September 19, 2017, 08:56:05 AM

Quote from: luigii on September 17, 2017, 08:30:57 AM

Quote from: KRT96 on September 17, 2017, 08:19:52 AM

So as I assume people who come to your casino can pay with your token via blockchain transaction?

Hey KRT96

yes, that is correct!

Essentially, here is a scenario:

You have some form of cryptocurrency (BTC, ETH) and you come to the Providence Exchange (our own proprietary exchange) either online from your home or when you are on the spot (you will also connect online because you will need to create an account up there which will have a wallet).

You can then exchange your BTC/ETH for PVE tokens and essentially use the tokens in the whole Providence Complex. Let's say you arrived at Providence, checked in and want to go into the casino. You will then have an option inside the exchange to BUY-IN chips. Real physical casino chips in USD counter value. You get 1,5% more chips then you bought (our incentive mechanism). Then you choose the desired table, let's say POKER TABLE and a sit in at the table and the croupier will just grant you the chips an and you are able to play along as much as you are feeling lucky (or skillful)

Then, the process goes in reverse. You cash out the chips and they automatically come back into your Exchange wallet . You can then get back to BTC or stay in PVE, go to a restaurant and pay yourself some good caviar and champagne with the winnings in PVE chips Wink

Hi

If I can something to ask.

You said in revers process... You cash out the chips and they automatically come back into your Exchange wallet.... Can you make pay out in the real money? Roll Eyes

My opinion and what I understand, you cannot get real money, just you will get in Crypto currency which you chose. Right?

I read in white paper, on page 16, you can see image and you will understand. Wink

Check my reply above. But you are correct, the core workings will be around crypto. Also, it depends on our liquidity of another crypto in the casino bankroll. PVE and BTC for sure always.

luigii

full member

Activity: 182

Merit: 100

Quote from: ekurtovic on September 19, 2017, 08:56:05 AM

Quote from: luigii on September 17, 2017, 08:30:57 AM

Quote from: KRT96 on September 17, 2017, 08:19:52 AM

So as I assume people who come to your casino can pay with your token via blockchain transaction?

Hey KRT96

yes, that is correct!

Essentially, here is a scenario:

You have some form of cryptocurrency (BTC, ETH) and you come to the Providence Exchange (our own proprietary exchange) either online from your home or when you are on the spot (you will also connect online because you will need to create an account up there which will have a wallet).

You can then exchange your BTC/ETH for PVE tokens and essentially use the tokens in the whole Providence Complex. Let's say you arrived at Providence, checked in and want to go into the casino. You will then have an option inside the exchange to BUY-IN chips. Real physical casino chips in USD counter value. You get 1,5% more chips then you bought (our incentive mechanism). Then you choose the desired table, let's say POKER TABLE and a sit in at the table and the croupier will just grant you the chips an and you are able to play along as much as you are feeling lucky (or skillful)

Then, the process goes in reverse. You cash out the chips and they automatically come back into your Exchange wallet. You can then get back to BTC or stay in PVE, go to a restaurant and pay yourself some good caviar and champagne with the winnings in PVE chips Wink

Hi

If I can something to ask.

You said in reverse process... You cash out the chips and they automatically come back into your Exchange wallet.... Can you make pay out in the real money? Roll Eyes

Our focus is on cashless and crypto. So we will direct our activities on mostly crypto operations as this will be our core business model for the initial launch. However, we are in discussions with a few banks for FIAT liquidity. But with that also comes several legislative parts which are also tied to jurisdictions and the player/guest who wants to cash out in that way. We will surely announce more details along the way on this aspect.

aalmina82

member

Activity: 294

Merit: 10

Hi

What we get with gold and silver card? What is my benefit? Cool

nnekic86

member

Activity: 240

Merit: 10

Quote from: ekurtovic on September 19, 2017, 08:56:05 AM

Quote from: luigii on September 17, 2017, 08:30:57 AM

Quote from: KRT96 on September 17, 2017, 08:19:52 AM

So as I assume people who come to your casino can pay with your token via blockchain transaction?

Hey KRT96

yes, that is correct!

Essentially, here is a scenario:

You have some form of cryptocurrency (BTC, ETH) and you come to the Providence Exchange (our own proprietary exchange) either online from your home or when you are on the spot (you will also connect online because you will need to create an account up there which will have a wallet).

You can then exchange your BTC/ETH for PVE tokens and essentially use the tokens in the whole Providence Complex. Let's say you arrived at Providence, checked in and want to go into the casino. You will then have an option inside the exchange to BUY-IN chips. Real physical casino chips in USD counter value. You get 1,5% more chips then you bought (our incentive mechanism). Then you choose the desired table, let's say POKER TABLE and a sit in at the table and the croupier will just grant you the chips an and you are able to play along as much as you are feeling lucky (or skillful)

Then, the process goes in reverse. You cash out the chips and they automatically come back into your Exchange wallet . You can then get back to BTC or stay in PVE, go to a restaurant and pay yourself some good caviar and champagne with the winnings in PVE chips Wink

Hi

If I can something to ask.

You said in revers process... You cash out the chips and they automatically come back into your Exchange wallet.... Can you make pay out in the real money? Roll Eyes

My opinion and what I understand, you cannot get real money, just you will get in Crypto currency which you chose. Right?

I read in white paper, on page 16, you can see image and you will understand. Wink

luigii

full member

Activity: 182

Merit: 100

Quote from: btcltcdigger on September 19, 2017, 08:44:43 AM

Quote from: luigii on September 19, 2017, 08:42:30 AM

Quote from: btcltcdigger on September 19, 2017, 08:29:53 AM

Can you disclose the location of this physica real-estate?

Hi Btcltcdigger,

Not at this very moment. We agree that this information is something that you would expect to read in a project like this and we will disclose it after the pre-sale. But at the moment the core team and management decision is not to disclose the location of the physical premises. This is because we have several deals and due diligences running in the background, but also it is important for us to prepare a big announcement with much more details (location, licenses, and leases) leading up to the MAIN TOKEN SALE as a part of our communication strategy and brand positioning at that moment.

We are very transparent and in relation to the roadmap:
1) Certain milestones in the roadmap will be completed even before the main token sale.
2) All documents plans, license, location tenancy will be published on our Website BEFORE the main token sale even starts.

So you can be assured that this is as transparent and legitimate project as it can get (unlike some other token sales and projects where only an idea is mentioned, and no viable product is shown months down the roadmap and after the main token sale.)

We by no means stress you or anyone else to participate in the PRE-SALE if you are not confident in the project. You are more than welcome to participate in the main token sale instead once you are satisfied with the full disclosure. And it will be a very interesting disclosure and location!

Fair enough,
I was just wondering, if we could know the general location of the property? Continent? Country?

It will be in Europe. This is the furthest I can go guys because I'm under NDA until full disclosure

ekurtovic

full member

Activity: 210

Merit: 100

Bosnia...

Quote from: luigii on September 17, 2017, 08:30:57 AM

Quote from: KRT96 on September 17, 2017, 08:19:52 AM

So as I assume people who come to your casino can pay with your token via blockchain transaction?

Hey KRT96

yes, that is correct!

Essentially, here is a scenario:

You have some form of cryptocurrency (BTC, ETH) and you come to the Providence Exchange (our own proprietary exchange) either online from your home or when you are on the spot (you will also connect online because you will need to create an account up there which will have a wallet).

You can then exchange your BTC/ETH for PVE tokens and essentially use the tokens in the whole Providence Complex. Let's say you arrived at Providence, checked in and want to go into the casino. You will then have an option inside the exchange to BUY-IN chips. Real physical casino chips in USD counter value. You get 1,5% more chips then you bought (our incentive mechanism). Then you choose the desired table, let's say POKER TABLE and a sit in at the table and the croupier will just grant you the chips an and you are able to play along as much as you are feeling lucky (or skillful)

Then, the process goes in reverse. You cash out the chips and they automatically come back into your Exchange wallet . You can then get back to BTC or stay in PVE, go to a restaurant and pay yourself some good caviar and champagne with the winnings in PVE chips Wink

Hi

If I can something to ask.

You said in revers process... You cash out the chips and they automatically come back into your Exchange wallet.... Can you make pay out in the real money? Roll Eyes

_J_Newman

member

Activity: 67

Merit: 10

I agree, the general location would be sufficient

btcltcdigger

hero member

Activity: 2072

Merit: 761

To boldly go where no rabbit has gone before...

Quote from: luigii on September 19, 2017, 08:42:30 AM

Quote from: btcltcdigger on September 19, 2017, 08:29:53 AM

Can you disclose the location of this physica real-estate?

Hi Btcltcdigger,

Not at this very moment. We agree that this information is something that you would expect to read in a project like this and we will disclose it after the pre-sale. But at the moment the core team and management decision is not to disclose the location of the physical premises. This is because we have several deals and due diligences running in the background, but also it is important for us to prepare a big announcement with much more details (location, licenses, and leases) leading up to the MAIN TOKEN SALE as a part of our communication strategy and brand positioning at that moment.

We are very transparent and in relation to the roadmap:
1) Certain milestones in the roadmap will be completed even before the main token sale.
2) All documents plans, license, location tenancy will be published on our Website BEFORE the main token sale even starts.

So you can be assured that this is as transparent and legitimate project as it can get (unlike some other token sales and projects where only an idea is mentioned, and no viable product is shown months down the roadmap and after the main token sale.)

We by no means stress you or anyone else to participate in the PRE-SALE if you are not confident in the project. You are more than welcome to participate in the main token sale instead once you are satisfied with the full disclosure. And it will be a very interesting disclosure and location!

Fair enough,
I was just wondering, if we could know the general location of the property? Continent? Country?

luigii

full member

Activity: 182

Merit: 100

Quote from: btcltcdigger on September 19, 2017, 08:29:53 AM

Can you disclose the location of this physica real-estate?

Hi Btcltcdigger,

Not at this very moment. We agree that this information is something that you would expect to read in a project like this and we will disclose it after the pre-sale. But at the moment the core team and management decision is not to disclose the location of the physical premises. This is because we have several deals and due diligences running in the background, but also it is important for us to prepare a big announcement with much more details (location, licenses, and leases) leading up to the MAIN TOKEN SALE as a part of our communication strategy and brand positioning at that moment.

We are very transparent and in relation to the roadmap:
1) Certain milestones in the roadmap will be completed even before the main token sale.
2) All documents plans, license, location tenancy will be published on our Website BEFORE the main token sale even starts.

So you can be assured that this is as transparent and legitimate project as it can get (unlike some other token sales and projects where only an idea is mentioned, and no viable product is shown months down the roadmap and after the main token sale.)

We by no means stress you or anyone else to participate in the PRE-SALE if you are not confident in the project. You are more than welcome to participate in the main token sale instead once you are satisfied with the full disclosure. And it will be a very interesting disclosure and location!

btcltcdigger

hero member

Activity: 2072

Merit: 761

To boldly go where no rabbit has gone before...

Can you disclose the location of this physica real-estate?

luigii

full member

Activity: 182

Merit: 100

For people interested in BOUNTIES, join our telegram chat on: t.me/providencecasino for more information

luigii

full member

Activity: 182

Merit: 100

Quote from: fortuner on September 18, 2017, 08:30:43 AM

what is the privilege of this project?? what is the difference with the other casino projects??

Hi Fortuner

We would definitely say that the privilege of this project is the actual physical location (real-estate) which differs us from other online casinos and also offline ones that don't accept crypto as a form of payment as physical casino has a certain regulatory framework that needs to be followed.

We have already secured everything from that side and are implementing a whole IT system to support our operational and business needs. Furthermore, in our whole venture, there are the hotel, restaurant and other retail outlets incoming with more activities that will be introduced in the hospitality offered.

This also goes in relation with income streams that not only come from the casino business but also the whole hospitality part and this is reflected in the rewards and benefits for the actual token holders. An overview of the whole Providence Complex is depicted in the image below:

Let me know if there is something more that interests you. Btw, one part of Providence will be the Online Casino as well, and it will have LIGHTNING network supported for instant deposits and low tx fees. I'm not sure if other competitors in the industry have come to this implementation yet (but I may be wrong)

Let me know if I can help you with anything else!

fortuner

full member

Activity: 259

Merit: 100

what is the privilege of this project?? what is the difference with the other casino projects??

luigii

full member

Activity: 182

Merit: 100

Quote from: cryptoUKManiac on September 18, 2017, 05:54:34 AM

Quote from: luigii on September 17, 2017, 05:29:01 PM

Quote from: cryptoUKManiac on September 17, 2017, 04:50:10 PM

Quote from: luigii on September 17, 2017, 04:19:48 PM

Hi all,

We have updated the Whitepaper to version 1.1. Also, if you are interested all versions will be stacked on the server so you can always check diffs if necessary.

All the major changes are regarding to the 1.1 Version of whitepaper are related with the Section: Token Holder Rewards and Benefits

All our tokens are spendable and are pegged to a nominal value of Ether (1 ETH = 600 PVE) at the time of Token Sale. Contributors are incentivised to utilise PVE’s in our casino or other offerings through our venture. Providence Tokens are primarily consumption oriented, however, if you decide to hold PVE tokens, you can still benefit from our reward system. The incentives and rewards are as following:

1.   Smaller transaction and Credit Card fees allow us to save a percentage of money spent on credit card transactions and redirect this value back to our consumers when they buy in casino chips with providence tokens. You will be getting an 1.5% extra chips on every buy-in you do on the casino premises.

2.   Every Quarter Year, Providence Crypto Casino & Resort will allocate 20% of profits in PVE Tokens into a Jackpot system that will be implemented on the Online Casino and will be provably fair. Each Providence Token holder will get a jackpot ticket for every 20 PVE tokens held with a combination of numbers to enter the reward pool. The jackpot will run on a pay-out structure that will be based on a group share system and the exact pay-out models will be introduced once the reward system is implemented.

3.   Each Providence Token holder will be entitled to a reward in PVE tokens which is composed of 1.0% Providence’s total quarterly volumes in the whole network where PVE is used as a payment system and this includes Physical Casino, Hotel and other Retail Outlets that join our venture.
a.   The system will be implemented via a smart contract which will be doing redistribution of rewards based on quarterly volumes.
Example.
If Providence’s quarterly volumes amount to 10,000,000 PVE Tokens, then 1% of this amount (100,000 PVEs) will be taken and sent to the smart contract. After that, the smart contract will redistribute those PVE tokens back to token holders in proportion to the share each specific token holder has in the pool of 100,000,000 Tokens distributed on the market. If you have 10,000 PVEs or 0,01% share in the market, you will be receiving 10 PVE tokens.
b.   By nature of token holders, it is in their interest that these services get as much volume as possible. Furthermore, as this will be a physical casino and resort for holidays and entertainment we rely on social influence of those same shareholders to drive more potential guest and customers to our entertainment complex thus increasing demand and consequently volumes.

(4.)   Token sole appreciation in value through exchange ecosystem. Because this token has several directions of utilisation (consumption, holding, trading), we are expecting a steady growth in value as we expand our business offers, services and introduce new and innovative ways of utilisation in our venture.

I like this project because it's not all about virtual things. I guess it could be an amazing feeling to enter the resort knowing you hold some tokens. When should the first jackpot start? Will it be held in the first year of operation (casino & resort) or the year after?

Hi cryptomaniac

Based on our roadmap, the whole reward distribution system is intened to be implemented in Q3/Q4 of 2018, so after the "season" and when all the core business process are running smoothly. But this is for the whole physical part. With that in mind, we will have the ONLINE casino running already in Q4 2017 and we will have the first jackpot in Q1 2018 although the whole physical integration will be added later and in that way more volumes/profits for redistribution!

Awesome, thanks for the answer! Looking forward to get my spot on the table. What table games are you planning to have in the opening?

No problem. Regarding the table games it is good to mention that we will be first rolling out the Online Casino with the following games in order:

Blackjack
Dice
Roullete

Regarding the physical casino, on the opening, we will have the full suite of games normally available at other casinos. This inculdes:

Poker (Holdem, Carribean and others)
Blackjack
Roullete

We will update accordingly our developments. In any case, there will be a variety of games on your disposal!

[/list]

cryptoUKManiac

newbie

Activity: 40

Merit: 0

Quote from: luigii on September 17, 2017, 05:29:01 PM

Quote from: cryptoUKManiac on September 17, 2017, 04:50:10 PM

Quote from: luigii on September 17, 2017, 04:19:48 PM

Hi all,

We have updated the Whitepaper to version 1.1. Also, if you are interested all versions will be stacked on the server so you can always check diffs if necessary.

All the major changes are regarding to the 1.1 Version of whitepaper are related with the Section: Token Holder Rewards and Benefits

All our tokens are spendable and are pegged to a nominal value of Ether (1 ETH = 600 PVE) at the time of Token Sale. Contributors are incentivised to utilise PVE’s in our casino or other offerings through our venture. Providence Tokens are primarily consumption oriented, however, if you decide to hold PVE tokens, you can still benefit from our reward system. The incentives and rewards are as following:

1.   Smaller transaction and Credit Card fees allow us to save a percentage of money spent on credit card transactions and redirect this value back to our consumers when they buy in casino chips with providence tokens. You will be getting an 1.5% extra chips on every buy-in you do on the casino premises.

2.   Every Quarter Year, Providence Crypto Casino & Resort will allocate 20% of profits in PVE Tokens into a Jackpot system that will be implemented on the Online Casino and will be provably fair. Each Providence Token holder will get a jackpot ticket for every 20 PVE tokens held with a combination of numbers to enter the reward pool. The jackpot will run on a pay-out structure that will be based on a group share system and the exact pay-out models will be introduced once the reward system is implemented.

3.   Each Providence Token holder will be entitled to a reward in PVE tokens which is composed of 1.0% Providence’s total quarterly volumes in the whole network where PVE is used as a payment system and this includes Physical Casino, Hotel and other Retail Outlets that join our venture.
a.   The system will be implemented via a smart contract which will be doing redistribution of rewards based on quarterly volumes.
Example.
If Providence’s quarterly volumes amount to 10,000,000 PVE Tokens, then 1% of this amount (100,000 PVEs) will be taken and sent to the smart contract. After that, the smart contract will redistribute those PVE tokens back to token holders in proportion to the share each specific token holder has in the pool of 100,000,000 Tokens distributed on the market. If you have 10,000 PVEs or 0,01% share in the market, you will be receiving 10 PVE tokens.
b.   By nature of token holders, it is in their interest that these services get as much volume as possible. Furthermore, as this will be a physical casino and resort for holidays and entertainment we rely on social influence of those same shareholders to drive more potential guest and customers to our entertainment complex thus increasing demand and consequently volumes.

(4.)   Token sole appreciation in value through exchange ecosystem. Because this token has several directions of utilisation (consumption, holding, trading), we are expecting a steady growth in value as we expand our business offers, services and introduce new and innovative ways of utilisation in our venture.

I like this project because it's not all about virtual things. I guess it could be an amazing feeling to enter the resort knowing you hold some tokens. When should the first jackpot start? Will it be held in the first year of operation (casino & resort) or the year after?

Hi cryptomaniac

Based on our roadmap, the whole reward distribution system is intened to be implemented in Q3/Q4 of 2018, so after the "season" and when all the core business process are running smoothly. But this is for the whole physical part. With that in mind, we will have the ONLINE casino running already in Q4 2017 and we will have the first jackpot in Q1 2018 although the whole physical integration will be added later and in that way more volumes/profits for redistribution!

Awesome, thanks for the answer! Looking forward to get my spot on the table. What table games are you planning to have in the opening?

Topic: [ANN] Providence (PVE) 100% Cashless & Physical Crypto Casino & Resort - page 30. (Read 13554 times)