Topic: [ANN] The Decentralized platform for gaming DApp's. MVP in development. - page 66. (Read 17995 times)

That's some good advice. If they can afford to have a very good legal time look at this, they could actually save a lot of money in the long term if they advise against going through regulation processes.

Don't want this to get buried.

Have you guys discussed it with a legal team?

So do you have any idea when we will see more from Cardano?

I can see why you're getting all the interest. I've never seen any similar platforms where you allow people to make games of chance with your tools. Is this the first of it's kind?

Good choice with Gibraltar, I've heard their gambling regulations are pretty lax there.

That's great to hear. What are the chances of it hitting the hard cap very soon after opening?

You bet we do, bro.
Well, in fact, we are pleased with the results so far, but mind that only pure enthusiasm of those involved has been the lifeblood of our humble but aspiring project so far: every bit of support is highly appreciated.

We will do our best, bro. We have been watching closely the evolution of Cardano as a project and are proud to be among the pioneers of this amazing tech.

We opt to be regulated as a gambling institution. There has been uncertainty regarding this aspect as formally we are not hosting or developing any e-gaming applications on our own, we simply provide a toolbox, a platform that is capable of injecting unbiased distributed entropy at arbitrary frequencies for the purposes of developing and deploying distributed applications. In fact, Sp8de goes far beyond casino applications; gambling is simply the most obvious use-case.

In light of this, we have had an uneasy choice between not getting licensed having to argue every time why we do not need the license to operate and going through the nightmare of acquiring the licensed casino status without an actual need to do so. So, finally, answering your question: yes, we are going to be regulated. We will offer all the gambling applications developed on our blockchain a choice to pass our audit and get the 'licensed' status. This choice is completely voluntary.

Yet, the prosses of acquiring these licenses is long and tedious, so it is still on our roadmap. We plan to accomplish this by the time we release our platform at least in Gibraltar. Others will follow shortly afterward.

Yes, the pre-sale commences tomorrow and it will be opened to anyone willing to participate. The minimum investment is only $20: we stand still behind the ideals of inclusion.
Anyone willing can join our movement, bro.

That really is big news. I can't wait to see everything you can with Cardano's system.

Holy shit, you guys are actually using Cardano's smart contracts? That's the first I've heard of anyone using it after hearing everyone talk about how amazing it's going to be.

Are you guys getting a lot of traffic to the site since it's getting so close to the pre-ICO?

Or is the platform extrajudicial?

Tomorrow is the pre-ICO right? It's open to the public?

Regarding the demo: we are working hard to bring the demo to live in accordance with the roadmap. We are building on top of Cardano (ADA coin). Their technology is extremely sophisticated and quite new and many features that are unique to it and are also essential for bringing SP8DE live are still not released. Our target is to develop the beta by July-August,2018.

We believe that speed of release should not be favored over the quality of the product: we respect our community and want to always beat the expectations.

The main benefits for the token holders are the following:
1. Be entitled to a part of the fees (we are POS-based);
2. The price appreciation is obviously the major factor: we opt for the deflationary model with capped supply, so assuming SP8DE gains in popularity and user base, the price of SPX will steadily increase;
3. Get the chance to win the jackpots: this is also a major motivator. Our ICO is designed to include random airdrops of large chunks of tokens, which we call jackpots and only the holders of SPX are allowed to participate.
4. Participate in the voting for the best DAPPS;
5. Many other features that are currently being designed and developed and are yet not disclosed to the public. Can't say much about these: can only say that we have many ideas are working hard on making the best of them come true as soon as possible.

As p8de is a protocol for decentralized blockchain based platform so where I can have it demo version to test please?
What's main benefits for token holder?

First off, agreed, decentralization is the new Big idea that will change the entire societal structure. That's why we do what we do.

Regarding the cost - it depends on when you enter our sale. Obviously, the earlier - the better: e.g. you get 98,888 SPX per 1 ETH if you enter on the pre-sale phase, 88,888 - during the sale I phase, etc (you can check the graphs above - it's explained in detail). The general utility you get by participating earlier is actually even higher than just the classic 'early bird discount'. The odds per token of winning a jackpot are higher the earlier you participate. Also, you will participate in more jackpot rounds the earlier you enter the token sale.

Regarding what we are trying to raise - we have a softcap of 3,000,000 USD: this is the bare minimum we need to make the entire project operational on time and packed with the desired features. If we don't raise this, we send back all the crypto we have received and work more on the project before launching another public sale.

But, even as of now, the likelihood of this happening doesn't seem significant.

Still wondering about this.