Globally, online casino projections show that for the period 2017-2025 the market will experience spectacular growth of around 130% reaching a phenomenal US $ 97 billion with a cumulative annual growth rate of almost 11%. Currently more than 6 million adults formally participate in worldwide gambling activities with projected up to 10 million by 2020. We further believe that as the advancement of blockchain technology, and spread for the first time in an unbiased history of demonstrable friendliness, these numbers will be a small estimate of proven reality. By removing the various frictions of the gaming market, Spade is set to release the hidden monetary advantage in it. We will not take a cut from it. We are determined to create a friction market for gaming ideas: previously left to casinos and other intermediaries, now going to the community.

There are many and varied gambling or gambling gambling projects, but we think only a handful deserves public attention and even fewer approach the three basic issues we discussed earlier. In short, it's enough to say that, unlike Spade none of them, it has been proven to be thorough and rigorous to get a complete and comprehensive solution to all three major issues. For those who are interested in the details, a full whitepaper presents a more in-depth project analysis.

What is SP8DE?

Sp8de is a protocol for a decentralized, blockbuster based platform with many features that are necessary for the growing blockchain gambling industry and whose robust implementation is missing in any of the currently existing projects in this space.

Sp8de Mechanism

Built on a blockchain called Cardano. The Cardano project it self is a monumental piece of work that embraces the best practices and the furthest innovation to the point of crypto and puts it into one state of the art system. Here we illustrate how Spade provides an environment for designing gambling applications that is characterized by:

The virtually non-existent transaction costs and Proof-of-Stake-powered scalability that are beyond the reach of other on-chain casino protocols that exist today;
The mechanism for decentralizing decentralization uniformly over an arbitrary time span.
Provides rich Smart Contract functionality that enables creativity in game designs that are completely constrained by developer fantasy (and demand for the resulting product of course).

As we have mentioned several times before, justice of the results is very important for gambling, that's the point. Spade uses Cardano to design his ecosystem and thereby solve problems typically associated with the on-chain casino described above.
Transaction Costs and Scalability: Ouroboros is a Proof-of-Stake protocol, which means that at any given time, a collection of trusted nodes maintains system integrity. This protocol is shown in an experimental setting to withstand some attacks that are known to interfere with other systems and are directly relevant to the gambling protocol.The generation of random numbers: finally, and, arguably, most importantly, Ouroboros, the POS protocol underlying Cardano blockchain in its work is entirely dependent on generating an unbiased entropy (ie a uniform distribution). The beauty of the idea is that the blockchain itself acts as a broadcast channel.

Uniform randomness is generated on-chain! In layman's terms, this means Ouroboros:Produce a proven random number. Guarantee everyone will get it. Do not change

We'll touch another randomness topic in the technical section below.In addition to providing an elegant solution to the existential problem of an on-chain casino protocol, Cardano is the perfect company to solve some less important issues: Explained flexible and financial scripting scripts: Cardano is designed by code experts and organized to follow best practices; its scripting language is tailored for financial applications: security and execution can be "very well understood". Any language suitable for finance is a natural candidate for casino development: basic logic (at least from a programming point of view) of both domains is similar.

Token Utility

Software license

Getting access to the universe of applications just requires you to own the native token of our system, SPX.

Gaming Chip

Betting within Sp8de ecosystem is done only using SPX. By owning SPX, you share a part in protocol’s success.

Royalties

SPX is used to reward the developers fairly on the protocol level.

Wallet

The Search Engine of Gaming

Spade is a platform for developing decentralized casino applications.

Inspired to Create

Spade is decentralized marketplace for gaming with no frictions and no barriers to entry.

White Noise Powered Fairness

Voting mechanism is implemented on the protocol level: the rating of an application reflects the true consensus of the stakeholders and is immutable.

Legally Complient

Spade is intended to be fully compliant with all the required regulations.

Blockchain

Decentralized 3.0

The backbone of Sp8de, the Cardano blockchain is the first Proof-Of-Stake protocol without security compromises.

Scalable and Efficient

Tens of thousands of transactions per second: no user experience constraints.

Sp8de Smart Contracts

Smart-Contracts scripting language that was specifically designed for this.

Each token sold has a specific factor associated with it, the jackpot factor. The probability of winning is much proportional to this factor.Of course, that jackpot factors are ordered: even during one round of sales, the previous fee is rewarded with more “powerful” tokens. The distribution of these factors for each round is shown in the table above. Participants in earlier rounds of the jackpot have a small chance to win a big game, while those who later participate have a higher chance of winning, but are awarded in smaller batches.In addition, earlier participants participate in more rounds of the jackpot. This should not prevent late participation: the largest pooled pool of prize tokens is played during the fourth round of the jackpot.

Tokens Distribution

There are 8,888,888,888 SPX tokens to ever be supplied. Initially, during the ICO, SPX will be issued on the Ethereum blockchain as ERC20 tokens. More detailed information can be found in the whitepaper and the SPX ICO description. The token sale is organized in 9 phases: one pre-sale and four token sales that are each followed by a jackpot round.

As shown before the price of one SPX coin increases with every sale round. The number of tokens sold and jackpotted is larger every subsequent round for the exception of the pre-sale. Every jackpot is played among all of the existing token holders.

Earlier participation allows for participation in more jackpot rounds. For example, taking part in the Pre-Sale and the first Sale gives access to all four jackpots. However, participation in, let’s say the third Sale will grant access only to Jackpots three and four.

Please, make sure to understand the mechanics of the Spade ICO process prior to taking part in it. Do not rely solely on the graph and be sure to understand the meaning of all the components of it and especially the highlighted segments of the jackpot bars.