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      "author": "steemitboard",
      "permlink": "steemitboard-notify-sp8de-20200125t031232000z",
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      "body": "Congratulations @sp8de! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@sp8de/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@sp8de) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=sp8de)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Congratulations @sp8de! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@sp8de/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@sp8de)_</sub>\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "And when Bounty paid ;)",
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      "parent_permlink": "sp8de",
      "author": "sp8de",
      "permlink": "a-small-update-on-the-spx-token-listing",
      "title": "A Small Update on the SPX token listing",
      "body": "Dear Sp8de Investors,\n\nIntroduction\n\nAs promised before the end of March, 2018 the SPX token has been listed on a cryptocurrency exchange – in fact on two – IDEX and EtherDelta. The trading volumes are relatively mild and the price of the token is comparatively low. The order book is unbalanced – the ask side is much thicker and deeper than the bid side indicating large sell pressure while having very few to no buyers. Recently, we have listed SPX on KKCoin – a central limit order book exchange with UI, security, and functionality of Binance; nonetheless much smaller. We have began making markets there aimed at providing the necessary liquidity and small spreads for orderly trading. We encourage all our investors and SPX traders to move to KKCoin and away from IDEX and EtherDelta in order to contribute to the liquidity of the token. We are also working on listing SPX on CoinMarketCap.\n\nNonetheless, we believe that this kind of trading on these venues does not provide price discovery and incorrectly reflects the actual market price SPX as these exchanges are relatively illiquid caused by small number of traders who are also trading in much smaller volumes than at, for example, the top five cryptocurrency exchanges.\nAlthough the following text can be considered only a condensed summary of the preface of a paper on market manipulation, we would like to avoid boring the reader with the technical details and issues related to electronic trading that in most cases, to be fully and well understood, require one or multiple Ph.D.s in physics, mathematics, and/or (financial) engineering.\n\nCryptocurrency Electronic Markets\n\nCryptocurrency markets have been shown to be manipulated in similar ways to equity markets before becoming heavily regulated, including but not limited to layering, spoofing, wash trading, pump and dump schemes, quote stuffing, simulated flash crashes and so forth. Trading algorithms are specifically designed to track the dynamics of the market behavior through the order book structure and accordingly place, execute, and omit orders so as to trade against less sophisticated and informed retail investors. Other trading bots are tuned to simulate volumes (some incorrectly call them market-makers or liquidity providers, which in the classical sense they are not) where at their most basic form place limit orders on one side of the book and hit them with other orders placed by the same trader/algorithm. Finally, the famous “pump-and-dump” schemes that have been observed even in regulated markets during the late 90’s when the dot-com stocks exhibited largely similar trading behavior to today’s cryptoassets (one of the many exceptions being high frequency trading). In essence, the architecture of the trading algo aims to place minimal order sizes on the bid side far away from each other in terms of price step and subsequently at a relatively fast pace fill these orders causing immense positive changes in the price of the assets associated with relatively low volumes. This technique (in combination with other obscure tactics) has been successfully utilized for decades to attract inexperienced traders and investors to “jump” (begin buying) particular asset seeing 4000% returns believing that other relatively more informed investors are buying. Naturally, often large asset holders (founders even) stay on the other side and once there is enough depth of the book they place aggressive sell market orders draining the liquidity from the book and dropping the price.\n\nConclusion\n\nThese techniques, although being as legal as unethical are viewed with repugnance by the Sp8de team. What the Sp8de team strives towards is sustained organic growth – volumes coinciding with buy orders placed by investors who believe in the progress and perspectives of the project.  We purposefully avoid exchanges where the aforementioned are not simply an exception but rather everyday reality. In this light, we are currently negotiating with a number of reputable cryptocurrency exchanges where investors trade confidently across projects with views alike those at Sp8de.",
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      "title": "",
      "body": "When will be in a exchange?",
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      "title": "THE SP8DE ICO is over and here are the numbers!",
      "body": "@@ -74,17 +74,17 @@\n over 922\n-0\n+2\n  ETH dur\n",
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{
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      "parent_permlink": "sp8de",
      "author": "sp8de",
      "permlink": "the-sp8de-ico-is-over-and-here-are-the-numbers",
      "title": "THE SP8DE ICO is over and here are the numbers!",
      "body": "Dear SP8DE Investors,\nThe SP8DE ICO has finished by successfully raising over 9220 ETH during from which started January 8, 2018 Pre-Sale until Sale IV which ended today March 11, 2018. We wanted to summarize for all of you how the five Sale rounds as well as Jackpots went and for this reason in the figures below you can find all relevant info about the ICO!\n\n![Снимок экрана 2018-03-12 в 0.17.50.png](https://steemitimages.com/DQmf5nwGCF14djGh2Cso9RPtsxHzWXBKyGHQdqm4XCUriUx/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-03-12%20%D0%B2%200.17.50.png)\n\nThe total amount of SPX distributed during the Jackpot rounds increased by 8.68% reaching 3,783,803,027.5 SPX or 328,247,475.51 SPX more than the initially planned due to unsold tokens from Pre-Sale and Sale I. In addition, to all SP8DE investors we distribute another 1,900,881,696.66 SPX that remained unsold during rounds II, III, IV of the ICO. To the SP8DE Foundation are distributed another 542,375,868.86 SPX which remained unsold from the Pre-Sale until Sale IV.\nThe SPX tokens can now be moved between wallets. Those who bought DSPX and did not receive SPX will receive them in the coming days. Listing on exchanges is expected soon, we will make an official announcement before doing so.\n\n\nSincerely,\nThe SP8DE Team",
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      "title": "Important Announcement for SP8DE Token Distribution !!!",
      "body": "@@ -4684,16 +4684,123 @@\n de.com%0A%0A\n+# The unsold tokens will be distributed to their respective owners at the end of the ICO (March 11, 2018)%0A%0A\n # Sincer\n",
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      "title": "Important Announcement for SP8DE Token Distribution !!!",
      "body": "# Dear Sp8de Investors,\n\nThis is an important announcement concerning the Sp8de’s Jackpot Schedule which is revised on order to ensure equality among Sp8de investors. \n\nIn the past we showed to our investors that the unsold tokens during the Sale phases will be distributed in parts to the Sp8de foundation and the Jackpot winners. \n\n## We have shown the following distribution schedule for the unsold tokens:\n\n![Снимок экрана 2018-02-21 в 22.41.33.png](https://steemitimages.com/DQmVv1Rruc1NmPuH2FEVTWw83c4jKMKqKhNAREKAdPDAN7Q/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-02-21%20%D0%B2%2022.41.33.png)\n\nAfter Jackpot I where we planned to distribute 288,888,888 SPX, however, due to lower than expected purchases we have distributed 374,015,170.22 SPX (29.47% more). \n\nBelow we show how many tokens we have sold, how much we planned to sell, and how much were left unsold that we have to give away to Jackpot winners and the foundation.\n\n![Снимок экрана 2018-02-21 в 22.43.14.png](https://steemitimages.com/DQmcvJi7TBPWdnXEoHR11bjx672sNxE29hBoNgKfXcz4RwJ/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-02-21%20%D0%B2%2022.43.14.png)\n\n![Снимок экрана 2018-02-21 в 22.44.36.png](https://steemitimages.com/DQmc3kXd8qPhHkcYQxHoN4ZFUQWxhJDebzcfVV1Fpz8pMXz/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-02-21%20%D0%B2%2022.44.36.png)\n\nIt becomes apparent that the unsold tokens are becoming a relatively large part of every Jackpot due to the distribution schedule of unpurchased tokens causing concentration of tokens among few token holders – creation of “whales”. We have had numerous complaints from our investors that a few large buyers would benefit disproportionately to smaller buyer in this case.\n\n### The Solution\n\nWe thought of three different approaches:\n\n### A) Do nothing.\n\n### B) Burn unsold tokens.\n\n### C) Distribute part of the unsold tokens to existing buyers in proportion to their overall purchases in the crowdsale.\n\n\n In approach A. we do not solve the problem, there will a few large holders of SPX – we put in a disadvantaged position the small buyers.\n\n In approach B. we again do not solve the problem because small buyers would get nothing and large buyers would get even more later if they win Jackpots.\n\nWe deem approach C. the most optimal for all investors. We plan to change the distribution as follows:\n\n![Снимок экрана 2018-02-21 в 22.52.29.png](https://steemitimages.com/DQmUyigXL7xYZtVwvZ9kNkm5xVQWx2hxDaAczaDSwNcU9Yn/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-02-21%20%D0%B2%2022.52.29.png)\n\nThis means that from the unsold tokens from Sale II, III, and IV none will be distributed to the Jackpots. To the foundation only 20% and 30% of the unsold tokens during Sale III and IV will be distributed and none from Sale II.\n\nAll other unsold tokens will be given away to all participants in the Pre-Sale and the ICO in proportionate parts to their contribution to the ICO (not counting the Jackpots won). In this way, we do not cause trouble neither to small nor to large investors in terms of dilution. We believe that this case is best illustrated by an example.\n\nFor simplicity and for brevity imagine that the total supply is 100 tokens, 80% of which is in ICO and 20% remains with the foundation, 40% are in form of crowdsale and 40% are in form of Jackpots.\n\n### We have 3 investors:\n\nInvestor 1: Bought 23 tokens, won in the first jackpot of 20 tokens.\nInvestor 2: Bought 4 tokens, didn’t win tokens.\nInvestor 3: Bought 2 tokens, didn’t win tokens.\n\n### If tokens are burned (assume nothing is given to foundation):\n\nInvestor 1: He will hold 87.8% of all tokens distributed (43/49).\nInvestor 2: He will hold 8.2% of all tokens distributed (4/49).\nInvestor 3: He will hold 4.1% of all tokens distributed (2/49).\n\n### If tokens are distributed (assume nothing is given to foundation):\n\nInvestor 1: He will hold 86.2% of all tokens distributed (31.72/60).\nInvestor 2: He will hold 9.2% of all tokens distributed (5.52/60).\nInvestor 3: He will hold 4.6% of all tokens distributed (2.76/60).\n\n\n### Relative difference.\n\nInvestor 1: Loses 1.764% of his stake in the distributed tokens.\nInvestor 2: Gains 12.644% of his stake in the distributed tokens.\nInvestor 3: Gains 12.644% of his stake in the distributed tokens.\n\nIn this way, large holders are not disadvantaged as they will also likely win Jackpots in the future while smaller holders become relatively larger as compared to the case where we would burn the tokens.\n\nIf you have any further questions or need clarification write to [email protected]\n\n# Sincerely,\n# The Sp8de Team",
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      "body": "There has been an enormous demand for a thorough explanation of how the Jackpots during the Sp8de ICO will work. In this document we intend to shed light on this issue by providing the so coveted explanation as we want to be fully transparent to our investment public. \n\nThe Jackpots work as follows:\n\n1. In essence, every Jackpot is an airdrop of tokens, however, with major modifications. \n\n2. Every token sold during the preceding Sale rounds has a chance of winning a Jackpot during the subsequent Jackpot phases. For example, if you participated in the Pre-Sale then you have a chance to participate in all four Jackpot phases, but if you participated in Sale IV then you get to participate only in Jackpot IV.\n\n3. Jackpots are large lots of SPX tokens that will be granted to a “lucky guy” – the owner of the token that will be chosen as a winner. So, any winner will get the entire lot. For example, there will be only 10 wallets (or less) who will win 28,888,888 SPX tokens during Jackpot I. The full jackpot schedule is as follows:\n\nJackpot I: 10 Jackpots each of 28,888,888.80 SPX. A total of 288,888,888 SPX on February 15, 2018, 9:00 AM UTC\nJackpot II: 28 Jackpots each of 13,888,888.86 SPX. A total of 388,888,888 SPX on February 23, 2018, 9:00 AM UTC\nJackpot III: 100 Jackpots each of 8,888,888.88 SPX. A total of 888,888,888 SPX on March 3, 2018, 9:00 AM UTC\nJackpot IV: 888 Jackpots each of 2,127,127.13 SPX. A total of 1,888,888,888 SPX on March 11, 2018, 9:00 AM UTC\n\n4. Jackpot tokens do not participate in the subsequent jackpots, so winning a jackpot does not increase one's chances of winning another one. \n\n5. An important aspect of the jackpot campaign is the presence of Jackpot Factors attached to every token. This makes the game much more interesting and allows anyone to actually influence one's odds to win the Jackpot. \n\n\n![Снимок экрана 2018-02-08 в 11.57.30.png](https://steemitimages.com/DQmW4NWR2ZkqEpeqoAwXFeSKxsCpnazWbvyqHkTbmJ3vcgy/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-02-08%20%D0%B2%2011.57.30.png)\n\n\nThese factors work in the following way:\n\n   a. The factor is the probability multiplier. Without these factors, every token would have a probability  of winning one jackpot in a particular Jackpot phase; where  is the total number of tokens and  is a constant equal to the number of jackpots within every particular Jackpot phase. With factors, the formula changes to
where j is the factor of a token, i is the group of tokens,  - the number of tokens in the group. \n\nEvery group is defined as having some factor that every token within this group holds and a number of tokens that belong to this group. For example, if you participated in the Pre-Sale by getting 1,000,000 SPX and you got a multiplier of 88.8 (the maximum), then every single token that you hold has a 4.93 times higher chance of winning one or multiple of the jackpots during Jackpot phases I until IV, as compared to someone holding the same amount of tokens but with a factor 18. \n   \nb. The total probability of you winning the jackpot during Jackpot phases I until IV is calculated as follows:
where j is a group id of tokens that you hold,  – the number within each group – therefore, a simple weighted probability. Of course, these numbers are different for every sale and jackpot round depending on how many tokens remain in the pools. Following the logic of from the example in a), the chance of winning a jackpot in Jackpot I with these parameters is equal to ~2.22%. \n\n   c. The factors are decreasing within every sale round as the tokens are being bought out. They also decrease between the Sale rounds: tokens in Sale II do not hold as powerful factors as those in the Sale I. \nHow jackpots work in practice?\nCurrent jackpot phase (e.g. Sale I) ends at 9:00 AM (2018-02-14) UTC.\n \nAn additional half of an hour (until 9:30 AM) is given for all the ‘late’ transactions to settle. At 12:30 new SPX tokens are generated and distributed among the investors. \n\nA list of transactions along with the factors and wallets of participating users is generated. The ‘win’ intervals are constructed taking into account the stake in the system and the factors. Additionally, we include the following variables: ETH addresses of participants, Start, End – the tokens participating in the jackpot. \nWe calculate the Start, End for every user transaction. For example:\n\n, in general:\n\nNow, we relate the intervals in (I) to the user id’s, effectively creating a list of the form: \n\nThereafter this list along with other relevant information is made public.\nDuring the day of the jackpot (in this example, 2018-02-15), at 9:00 AM UTC the seed for generating random numbers is generated in the following way:\n\nWe take the hash of the first slot with a block (not empty slot) confirmed after 9:00 AM UTC;\nWe wait for the first block issued on the Bitcoin blockchain after the ADA block in ‘a’ to be confirmed and take it’s hash;\nWe determine the number of the ETH block confirmed after the BTC block in ‘b’ and take the hash of the ETH block confirmed two blocks earlier;\nWe concatenate the three hashes into one string: \n\n     where H is the hash, n – the number of the last block. \n\n     We calculate the SHA-256 using the string in ‘e’ as the seed;\n\n    We take the resulting 32-byte hash and turn it into an array of 8 integers which we will later use as the actual seed for generating random numbers;\n\n   We put this seed into MT19937Generator and generate N random numbers in the range 1: MAX RANGE, where N is the number of jackpots, MAX RANGE is the weighted sum of the coins participating and their respective factors – basically the End parameter for the last participating id. \n\nThe prize distribution is made public, SPX are sent to the happy winners. \n\nAllocation of Unpurchased Tokens\n\nThere 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 Spade Foundation they will be used for further development and promotion of the project. \n\n![Снимок экрана 2018-02-08 в 11.49.13.png](https://steemitimages.com/DQmamginbinaYbxoTemUj9Q3rTXyner7bBMwqgjYFGGSKLY/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-02-08%20%D0%B2%2011.49.13.png)\n\nFor 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.",
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      "permlink": "sp8de-the-standard-for-distributed-gaming",
      "title": "SP8DE the standard for distributed gaming",
      "body": "@@ -1,16 +1,116 @@\n+!%5Bpress2.png%5D(https://steemitimages.com/DQmejxRaWFPGfxSVb4iRYBDw3tPnafmY5LwwBFf1TA7aEBK/press2.png)%0A\n SP8DE is the blo\n",
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      "permlink": "sp8de-is-here-to-change-the-way-people-think-about-the-game-of-chance",
      "title": "SP8DE is here to change the way people think about The Game of Chance.",
      "body": "![press3.png](https://steemitimages.com/DQmTLBs8WYHEPGEzrBWwWzATJxuHoVGUc1ctUq7e7JR55r9/press3.png)\n Just like Bitcoin had changed the way people think about money.\n\nGame of Chance is the risk-takers’ game; the core of it is the risk… and, of course, the reward. These are all words, however. Per se, they are mere abstract concepts and lack any mathematical substance. They are just the artifacts of ancient human-created games built around a concept that is at least as old as the Universe itself. This concept is commonly referred to as Chaos or randomness: the lack of intelligible patterns or combinations. \nThis still sounds abstract. So, when applied to gaming, randomness is the core concept: it is the process that presumably cannot be manipulated by anyone and on a regular basis delivers the actual sets of countless random numbers that determine who wins and who loses. It basically is an ever self-refreshing set of numbers. The process of generating these numbers cannot be:\na.  Manipulated by any malicious party, \nb.  Guessed with any significant probability given the input of the information available prior to the roll, or \nc.  Be observed by anyone before others do... at least in theory,\nd.  Also, of course, it has to be recurring.\nA canonic example of a man-made mechanism that, if made fairly, reasonably satisfies these important qualities is the roulette wheel that is routinely used in virtually any casino around the globe. So, screening the roulette wheel through our 4 prerequisites for a random number generating mechanism that can be applied to casinos: \na.  This wheel produces a self-refreshing (meaning producing new numbers recursively – time after time) set of numbers – the numbers and colors of winning pockets over some time period, \nb.  Manipulating the results of rolling the wheel is impossible assuming a fair wheel, \nc.  Many mathematically-inclined individuals over the history of humanity developed and employed complex methods aimed at ‘guessing’ (more like ‘predicting the outcome of a given game with statistically significant and, more importantly, economically attractive probability’) the outcomes of various casino games (including the roulette) given a set of inputs: few if any have ever succeeded;\nd.  Of course, it is recurring: every spin of the wheel by the croupier is the new iteration that produces a new set of randomly chosen values;\n\nSo, let’s now look more closely at each of the points above: ‘a.’ and ‘d.’ are satisfied by definition – there is no formal proof needed – indeed, the roulette wheel’s aim is to produce sets of random values and these values are being refreshed at every spin. ‘C’ is justified more on empirical grounds: there have been many who tried to solve the conundrum of riskless betting, lured by the mirages of endless wealth associated with casinos as well as the complexity and vast interdisciplinary applicability of mathematics involved in modeling various aspects of gambling. The most successful of all the ‘magic models’ have probably been the betting systems, such as, for example, the notorious Martingale system. If one bets carefully and has a sound risk management strategy respected and adhered to irrespective of the circumstances, the statistics of using betting systems can at rare cases show quite satisfactory results. On average, of course, the house always wins and there is no kind of magic or an elegant mathematical model that would be robust enough to the test of time in the casino halls. Instead, there are just smart money management systems that represent redesigned models primarily from accounting and financial risk management fields. The aforementioned fits quite neatly when used to describe the roulette, but is not limited to this game. The remaining ‘b.’ point looks quite regular and at the first reading does not appear to be too different from the other three.\n\n Yet, there is a fundamental difference between them:\n\na.  There is little sense in the sentence itself: without lengthy clarifications it seems that it claims that using the fair wheel requires well... having a fair wheel. But what is fair in the end?\n\nb.  This point is the only one that implies that one needs to assume something. So, it is not only that the concept of the ‘fair wheel’ is very abstract and in this form has little applied value. On top of this, you actually have to assume that you have it: not so many better ways to satisfy the final point to arrive at a ‘good’ random number generating process that can be used in casinos. \n\nSo, what is the problem with this point? Why is this one different from the others? What a roulette wheel needs to have to fit the ‘fair wheel’ definition and what is this definition after all? These are some of the problems that we will cover in the section of the “SP8DE: the design of the contemporary casinos  - from early days of humanity to the blockchain era”. We will also show how the ‘fair-wheel’ problem became one of the major unresolved problems in the online gambling industry and how it was half-solved later. This will prepare ground for the modular introduction of blockchain tech into the discussion.\n\nFinally, we will start illustrating how the seemingly simple concepts used in the world of casinos can provide a useful and extremely efficient framework for the analysis of many real-world gambling-unrelated issues e.g. in politics, law and finance.",
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      "body": "SP8DE is the blockchain-based platform for decentralized gaming applications that is set to become the new industry standard of fairness. Following months of preparations, we are proud to announce the beginning of our ICO allowing anyone to become the part of the revolution in the gaming industry. \n\nSP8DE is here to change the way people think about The Game of Chance. Just like Bitcoin had changed the way people think about money. The contemporary gaming industry is plagued with inefficiencies and is flawed by design: nothing that is online and centralized can be fully trusted to deliver what it claims it will. Even the presence of licenses and frequent audits cannot provide assurance: obtaining licenses is orchestrated on an industrial scale while authorities and regulators have a strong track record of abusing people’s trust for their own benefit. When it comes to big money, no one can be trusted; no one but the code. The code is unbiased and is not subject to greed; it is transparent and cannot be manipulated or abused in the decentralized setting. The Royal Flush can turn the poor into the king in a second, but in the online setting, who really shuffles the deck?\nIt is apparent to anyone familiar with properties of blockchains that they are fit-for-purpose to solve the problems of trust in the online casinos space. The answer is yes and no. While solving the problem with transparancy and providing smart-contract based solutions for assuring the payouts, introducing blockchain creates a range of new issues. Firstly, blockchain is deterministic: there is no randomness that can be extracted from the block content and in the blockchain there is nothing but blocks. The scalability and game design issues comprise yet another set of problems blockchain-based casinos have to overcome. \nIn this press-release, we are proud to introduce Sp8de, the platform that is set to give an answer for every single issue that is known in the on-chain gaming space. Built on top of Cardano, a Proof-of-Stake blockchain protocol, Sp8de will allow for the creation of distributed randomness that is fair by-design. Scalable and transparent, Sp8de will be entirely decentralized in every aspect of its design. Furthermore, Sp8de is a platform: anyone with a worthy idea can implement it as a DAPP and broadcast it through the Sp8de ecosystem. The economic incentives are set to facilitate the creation of applications: the developers will be paid a reward proportional to the popularity of their games. In Sp8de, crowd is the only judge; the code is the law. In essence, our ecosystem will embody the ideals of the frictionless markets. Fair and transparent, distributed and inclusive: Sp8de is designed to create a standard of quality: any application running on SP8DE is guaranteed to deliver what it claims it will.\n\nJoin ico.sp8de.com",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://thebitcoinnews.com/sp8de-standard-distributed-gaming/",
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      "body": "SP8DE is the blockchain-based platform for decentralized gaming applications that is set to become the new industry standard of fairness. Following months of preparations, we are proud to announce the beginning of our ICO allowing anyone to become the part of the revolution in the gaming industry. \n\nSP8DE is here to change the way people think about The Game of Chance. Just like Bitcoin had changed the way people think about money. The contemporary gaming industry is plagued with inefficiencies and is flawed by design: nothing that is online and centralized can be fully trusted to deliver what it claims it will. Even the presence of licenses and frequent audits cannot provide assurance: obtaining licenses is orchestrated on an industrial scale while authorities and regulators have a strong track record of abusing people’s trust for their own benefit. When it comes to big money, no one can be trusted; no one but the code. The code is unbiased and is not subject to greed; it is transparent and cannot be manipulated or abused in the decentralized setting. The Royal Flush can turn the poor into the king in a second, but in the online setting, who really shuffles the deck?\nIt is apparent to anyone familiar with properties of blockchains that they are fit-for-purpose to solve the problems of trust in the online casinos space. The answer is yes and no. While solving the problem with transparancy and providing smart-contract based solutions for assuring the payouts, introducing blockchain creates a range of new issues. Firstly, blockchain is deterministic: there is no randomness that can be extracted from the block content and in the blockchain there is nothing but blocks. The scalability and game design issues comprise yet another set of problems blockchain-based casinos have to overcome. \nIn this press-release, we are proud to introduce Sp8de, the platform that is set to give an answer for every single issue that is known in the on-chain gaming space. Built on top of Cardano, a Proof-of-Stake blockchain protocol, Sp8de will allow for the creation of distributed randomness that is fair by-design. Scalable and transparent, Sp8de will be entirely decentralized in every aspect of its design. Furthermore, Sp8de is a platform: anyone with a worthy idea can implement it as a DAPP and broadcast it through the Sp8de ecosystem. The economic incentives are set to facilitate the creation of applications: the developers will be paid a reward proportional to the popularity of their games. In Sp8de, crowd is the only judge; the code is the law. In essence, our ecosystem will embody the ideals of the frictionless markets. Fair and transparent, distributed and inclusive: Sp8de is designed to create a standard of quality: any application running on SP8DE is guaranteed to deliver what it claims it will.\n\nJoin ico.sp8de.com",
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