Bitdice: The next generation of casino

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BitDice Casino is a well-established and profitably operating cryptocurrency casino that is seeking capital contributions from the public to transform itself into a new-generation platform for online gaming experience.

Bitdice:

The online gambling industry is valued at a stunning USD 46 billion, and it is expected to grow to USD 56 billion in 2018. Less than 5% of this market is attributed to cryptocurrency gambling. Although the share of cryptocurrency gambling is rising, traditional online gambling casinos are in no hurry to give up their share.

BitDice Casino has been targeting cryptocurrency gamblers up to this moment and has managed to capture a significant part of this market. In addition, it has gained over BTC 2300 in profit.

But the greatest opportunity lies within traditional space casinos. Rather than sit and wait for the fiat players to gradually shift to the new paradigm, we want to be the first to get close to them, to build bridges and introduce the concept of “provably fair,” along with games that have a lower house edge.

In our perspective, the cryptocurrency gambling market is relatively dense and crowded, and it outpaces the flow of new players and keeps margins depressed. The logical step would be to get outside the box and start thinking “bigger.”

Bitdice Blockchain:

Recently, we have seen a strong and ambitious move from gambling entertainment developers to build next generation games exclusively on blockchain (smart contracts). Allegedly, the main driver behind this move, apart from upbeat general sentiment, is to bring in a heightened transparency between a player and a casino.

BitDice realizes that, in the years to come, the tendency to fit online games into blockchain is likely to grow. However, our current analysis, along with multi-year experience in the industry, dictates that we continue to use conventional offchain solutions for now, as the only economically sensible solution.

BitDice to employ IOTA Technology on its next-generation platform

BitDice is pursuing to develop the best practical way of accommodating on-chain gaming content using unique capabilities of IOTA technology.

BitDice’s adoption of IOTA due to the superior nature of the technology should help the Casino to overcome issues related to high execution cost as well as slow speed of the games that require dynamic betting.

Along with adding IOTA to the list of accepted currencies, BitDice has established an R&D working group to ally with the open and vibrant IOTA community, on achieving the set out goals.In the coming weeks, BitDice will be thoroughly engaged in testing IOTA’s various application methods and will finalize adding its token to the array of available betting instruments.

BitDice ICO

BitDice Casino is aiming to raise at least USD 10,000,000 to pursue its transformational strategy. For many years, it has successfully performed as a cryptocurrency gambling site, yet it is time to start “thinking big.”

Our ultimate goal is to enter the traditional online gambling market to offer fiat players a wider choice of absolutely fair and lower-edge gaming products.

We intend to use ICO proceeds as follows:

25% of the funds will be kept in vault as reserve. At BitDice’s discretion and dependent on market conditions, some portion of reserves can be used to buy out tokens on the secondary market to reduce public float.

10% of the funds will be used for promotion and marketing purposes.

25% of the funds will be used by BitDice Casino to fund capital expenditures related to platform development and business expansion. It will primarily consist of:

— Compensating the development team for enhancing BitDice functionality, applying new technology and integrating gambling providers into the platform.

— Developing its own unique and provably fair games on top of the old ones. — Acquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible.

— Paying legal fees to bring the whole business structure into full compliance with regulatory framework.

40% of the funds will be stored as the casino’s house bankroll to pay out winning bets and bonuses to the players on the whole array of games presented.

ROAD MAP

We position ourselves as a gambling entertainment provider and will use the proceeds from contributions to build a complex one-stop platform that will combine in-house developed games, third party casino operators, sports betting, and much more

Apart from developing games and mobile applications, BitDice Casino will be experimenting with on-chain solutions to give players the option to try out the ongoing technological innovations in the gaming industry.

Our primary focus, however, will be on entering the traditional online casino market and getting exposure to the other 95% of the market, previously inaccessible to cryptocurrency gambling sites.

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