An ICO for a new blockchain casino software titled Sp8de is promising a new approach to virtual currency casino sites.
The company said in a press release that “Sp8de aims to utilize the power of blockchain and cryptocurrency to revolutionize a specific market; in this case, casinos and gambling. However, unlike many other ICOs, Sp8de isn’t based on Ethereum. Instead, it will be based on Cardano, which, at time of writing, is the 5th largest cryptocurrency by market cap.”
“Ouroboros, the underlying proof-of-stake protocol beneath the Cardano blockchain, relies on generating unbiased entropy. This is extremely useful for projects like Sp8de – gambling platforms can use these randomly-generated numbers to ensure that their games are provably fair,” the release said.
The company has concluded its presale last week and will now start four sale rounds, with each round having a different number of tokens available and different price per token, the release said.
