Name Gigadice
Listed on Cryptostocks
Fee surcharge [%] 0.0%
Shares issued 1,500,000
Shares held publicly ALL
Web page http://gigadice.com
Security type: Shares
Cryptostocks Link: http://cryptostocks.com/securities/65
Gigadice.com – Gambling evolved
This asset is being offered for the following purposes:
1. To provide adequate bankroll to allow Gigadice.com to raise betting limits and attract more players
2. To provide a buffer for Fiat (PayPal) withdraws for the markets where this is a legal option (outside the US)
3. To enable continued development of the launch-ready Gigadice 2.0 and new features and gambling concepts
4. To provide funds for marketing, incentives and other PR activities to grow player base
About Gigadice
Gigadice aims to become the perennial leader of the Bitcoin gambling community. Operating within a booming gambling industry, Gigadice is revolutionizing the dicing experience. Unique features exclusive to Gigadice have shown to differentiate us from all others. These features include but aren't limited to, Paypal and Litecoin integration along with on/off-chain modes to satisfy even the most particular users. Our Dedicated staff are looking to push Gigadice past the boundaries set by our predecessors by providing an unrivaled gambling experience. Gigadice will remain a work in progress as updates will be streamlined to further increase user satisfaction as we move toward our long term goal.
Features
- Manual/Automated Betting
- Chat
- On Chain gambling/Off Chain (Unique to Gigadice)
- Paypal withdrawals (Unique to Gigadice)
- Litecoin deposits/withdrawals (Unique to Gigadice)
- Provably fair
- SMS Gambling (Coming Soon)
- User friendly design
Shares
Gigadice.com consists of a total of 1,500,000 (1.5 Million) shares total. No new shares will be issued and no other actions will be taken that dilute the shareholders that purchase the shares. From these 1,500,000 shares a total of 500,000 shares or 33.3% of the total will be offered in the IPO intended to raise 500 (five hundred) Bitcoin. These shares will be sold by the founder and current minority shareholders in an effort to capitalize Gigadice.com for growth. ALL IPO funds will be held by Gigadice.com and NONE of IPO funds will be property of the current owners.
Of the 500 BTC that the IPO is intended to generate approx 400 BTC will be directly deposited with Gigadice.com to act as bankroll and used solely for the purpose of capitalizing Gigadice.com and allow the gambling operation to raise betting limits and handle withdraws etc. Approx 100 BTC will be used for marketing, PR and other growth activities such as player promotions and specials. None of the founders or owners of Gigadice.com currently draws any form of salary and there are currently no plans for this.
Dividends
Dividends will be paid on the 1st of every calendar month and will consist of 75% of the total profit of Gigadice.com. Upon paying the dividends Gigadice.com will provide a summary of the monthly income, expenditures and growth as well as total bankroll balance.
Initial Public Offering
The Initial Public Offering will consist of 500,000 shares representing 33.3% of the company. The shares will be offered a price per share of 0.0010 BTC and IPO will be considered successful if over 25% of the offered shares are sold within a 14 day period*
* The low cost base of Gigadice.com and the fact that founder/owners do not lift a salary allows for a successful IPO at a fairly low % of shares sold and the main reason for the release of 33% (500,000 shares) is that the current owners estimate that 500 BTC is a number that allows for optimal growth potential, while being an attractive investment for potential shareholders.
Reserved Rights
Issuer (Gigadice.com) reserves the following rights:
1. To make changes to this contract that represents the best interests of its shareholders.
2. To buy back all and any shares issued in this IPO at a minimum of 150% of the weighted average of trading in any given 30-day period.
3. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
Voting Rights
There are no voting rights associated with the shares. Gigadice.com does however intend to listen to shareholder suggestions and recommendations when it comes to major decisions that may affect asset price or company viability.
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, a new operator may be project founder in agreement with larger share holder to take over control of the asset, or all shares will be bought back by the issuer.
Email address:
[email protected]