vDice (VSL)

vDice (VSL) widget

ICO date: 13.11.2016 - 13.12.2016
Industry: Gambling & Betting
Description:

A blockchain-based betting game for the Ethereum network. It is a classic ‘SatoshiDICE-style’ betting game, implemented as an Ethereum Smart Contract (Dapp) and exists on the Ethereum blockchain

Features:

- A safe and auditable exchange of Ether (ETH) for ‘vSlice’ tokens during the creation phase - Token holders will receive a share of vDice's profit in a fair and transparent way, proportional to the amount of tokens held - Tokens will act as any standard ERC20 token

Technical details:

vDice is a classic ‘SatoshiDICE-style’ betting game, implemented as an Ethereum Smart Contract (Dapp), and exists on the Ethereum blockchain. vDice builds and improves on blockchain betting technology, generally. vDice is fully decentralized. vDice leverages the power of Ethereum smart contracts to build a game that has no server architecture. Instead, bets are processed through an Oracle, using the 3rd party services of random.org for the random number source. To play, a user sends a 'Tx' to a contract. Then the contract executes the oracle contract. The oracle then calls the contract back. So there are two transactions to a contract for every bet made: one is the user, the second is the oracle. There is also the option for users to contribute Ether (ETH) to each betting contract. In this way users can share in the success of a specific contract and increase the house. The Smart Contracts are live, network tested, and processing bets on a continuous basis. The game vDice is based on Ethereum Smart Contract (DAPP) technology. This has been built using open source technology by the vDice team. The vDice game code has been audited by leading blockchain technologists. The Crowdsale too is based on Ethereum Smart Contract technology, according to industry standards. The object of this Crowdsale is the native token of the vDice game called; ‘vSlice’. This token is tied directly the the profits of the vDice game. Holders of vSlice tokens receive a share of vDice profit, proportional to the amount of tokens held, in a fair and transparent way. ‘vSlice’ tokens behave as any standard ERC20 token. Under current Smart Contract system for vSlice token, 50% of the house wins go to investors through the Token system (The other 50% goes to investors in the conventional system of investing in the Smart Contracts, as house, directly). There are periods called ‘epochs’. The first 25 days of an epoch the Smart Contract is unlocked and tokens can be traded (except for during the ICO). And the last 5 days the Smart Contract is locked. This is when you can get your profits. After that it rolls onto the next epoch and so on.

Website: crowdsale.vdice.io
Whitepaper: Whitepaper

Rating Review and Analytics

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See also