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vDice (VSL)

ICO

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

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Overview

Project industryGambling & Betting

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.

What is vDice

Project Description

vDice is an Ethereum-based gambling platform in the spirit and style of SatoshiDICE. Players send ether to a smart contract, which pays out rewards based on random numbers. Numbers.org serves as the oracle. The service has been live since June 2016 and claims to have processed over 6,000 bets to date. They are selling vSlice tokens, an Ethereum meta-token that entitles holders to 50% of house profits.

What is the token being sold?

vSlice is the object of the crowdsale. Holders of vSlice are entitled to a share of house profits. It has no other role on the vDice Dapp.

The maximum supply of vSlice is capped at 96 million (this will be the supply if the ICO reaches its maximum funding goal of 700,000 ETH). If the ICO doesn’t reach maximum funding, the supply of vSlice will be capped in proportion to the amount of ETH earned during the ICO. After the ICO ends, no more vSlice will ever be issued.

Details

Public sales: Nov 15, 2016 - Dec 15, 2016
Token supply: 33,390,496 VSL
Raised: 3,000,000 USD

Legal

Blockchain Platform: Ethereum

Token info

Ticker: VSL
Token standard: ERC20
Token price in USD: 1 VSL= 0.08 USD
Accepted currencies: ETH
Token distribution:
The object of this Crowdsale is the use of a native token of the vDice game called; ‘vSlice’. This token is tied directly to the profits of the vDice game. Holders of vSlice tokens receive a share of vDice's profit, proportional to the amount of tokens held, in a fair and transparent way. ‘vSlice’ tokens behave as any standard ERC20 token. Tokens are very limited in supply. There is a cap.: 96 million tokens. After the Crowdsale (ICO) there will not be any more, ever. vSlice is your share of the profit from vDice.

Social media

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