The ascent of the digital currencies in the previous couple of years prompted expanded opportunity and better approaches to exchange, create and hold value, and raise reserves for business. The last one in its ICO frame is rapidly turning into a well known decision for seed raising support in hI tech new companies. Cryptographic forms of money however broadly experience the ill effects of a few wasteful aspects when it comes to raising subsidizing for organizations whose item has a more physical nature, for example, apply autonomy or different kinds of fabricating. To aggravate it, propelling an ICO battle has just turned into an exceptionally costly process for most beginning time organizations. The issues originate from the way that digital forms of money for the most part depend on 'verification of-work', while for a beginning time organization 'evidence of-proprietorship' would be a considerably more appropriate decision since the idea of the offering is only in share value. Hence, only a few non-IT/non-Fintech companies have managed to adapt the cryptocurrency model and turn it into a successful ICO, while the traditional Angel/VC route is still more prevalent for such companies. In addition, other problems (mainly stemming from the complexity of how modern cryptocurrencies work) limit many businesses from actively using them for fundraising.
DICE (abbreviated from Digital Certificates) is a new cryptocurrency and a universal platform for raising funds through crowd-supported cryptocurrency mining. It has properties of both the presently existing cryptocurrencies and traditional money, and also creates a brand new funding route for any business.
DICE is a sequence of 1024 bits which conform to a certain set of rules. Valid DICE units can be stored and later exchanged for physical goods, services, or digital content in a process called Trading. DICE are simply small blocks of data that are very difficult to make. The process of making DICE blocks is called “mining”. It requires significant computing power and time, in order to generate a data block that ticks the needed requirements for a valid DICE. The power used in the generation of the block carries its intrinsic minimal monetary value, just like coins and banknotes issued by central banks carry intrinsic value guaranteed by the issuing bank. Therefore DICE data blocks can be used as exchange medium for goods and services, in the very same way as normal money.
Once a DICE block (a.k.a. “DICE unit”) is mined, it can be stored and later used in exchange for something else – to buy something for instance. The new owner can then use again it in their turn to pay for something else, and so on. Since it is a tiny block of data, a DICE can be easily sent by email, or stamped or printed on some material. It can be even spelled out vocally over the phone, if necessary.
DICE units have value which is always expressed as numbers power of 2. This is purely due to technical reasons in the way mining is done.
An important detail to mention is that every DICE is a finished piece of work. Once mined, it can never change. Altering even a single bit in the block will lead to the entire unit not being a valid DICE anymore. The value also remains constant. Therefore in order to achieve any possible number, one or more units need to be used.
Structure of a DICE Unit
DICE introduces the “Cluster Model” economy, based on a large number of unconnected peers (called “operators”) all working within a singular global ecosystem. Each of those network peers is in a way a small country of its own, and the DICE miners supporting it, are its virtual citizens.
“Investment Mining” is another breakthrough that the cluster model provides. Miners own their new DICE, but the capitalisation of the respective operator increases with the overall mining production. This makes an investor out of every miner, and the choice of who will be the operator they mine for, is a completely personal decision. Thus, every operator is in fact a self-funding social structure built around a cause or business venture.
Unlike the blockchain, DICE operates on a different principle, much closer to the way deals in the real-world work - a secure and confidential virtual handshake verified by a witness.
The DICE model:
- is fully customisable at every single operator’s level for full transparency or full privacy;
- may be used in both online and offline transactions
- lacks the need for special software wallets
DICE is well suited for a shock-free adoption as the new everyday money - not dissimilar from the money we all use today, but updated for use in the digital age. We invite you to read through this document which outlines the DICE model, covers of the ecosystem participants, and our business plans for the ICO and launch of the network.
FEATURES OF DICE
Absolutely free transactions
Dice has no Single Ledger: There is no single transaction public ledger, instead we introduce a new “cluster model” of unconnected peers (called “operators”) all working within a singular more efficient global ecosystem.
The global economy may consist of millions of unconnected ledgers, some public, others private, but none of them storing any transactions at all. Yet everything works in a perfectly synchronized way.
- DICE is practically impossible to steal: Can the greatest ever hacker steal even a single physical atom? The answer is no. Hackers can only steal data, but DICE exist as objects in the real world.
In order to steal DICE, first you need to gain access to, you then need to hack, without any guarantee you can. As every DICE is unique, you would need to attempt a hack for every individual DICE making the effort outweigh the possible result.
- Unite around a common purpose: One of the biggest problems of the today’s society is inequality. The 1% getting richer with the rest of us getting poorer.
DICE is an entirely new model of economy in which people have the power to create the tradeable assets themselves, and at the same time help building ventures in which they believe. Mining to support your close friend’s funky start-up, or for your local hospital, charity or school, or for a million other things – the power of choice is in everyone’s hands, with minimal costs.
Our “crowdmine funding” is one of the biggest advances in the modern financial world.
- DICE can be mined offline: The ability for offline mining opens possibilities for some very interesting and advanced fintech products that we will see in the near future.
Other features include:
- Does not require a digital wallet or rely on an exchange
- Enables anyone to become a socially significant entity
- Not affected by blockchain hacking and clampdown
WHY CHOOSE DICE MONEY?
- Management expertise, knowledge and experience of the Founding Team
- First of kind ‘Cluster Model’ social economy
- Lean business structure
- Fee-free transactions a clear competitive advantage in terms of wider user growth
- Combination of mining and investment will help draw miners that get disillusioned with the volatile nature of most current cryptocurrencies
- Ability to facilitate both electronic and hard currency (physical) representations of DICE
- Multiple income streams and verticals
- Improving credibility in the industry due to increasing political/legal recognition
- New way for start-ups and businesses raising capital to create a strong community and a
capital asset at the same time
THE DICE MONEY ICO
DICE Money is a commercial entity focused on development and distribution of end-user products and solutions for the DICE ecosystem. The purpose of DICE Money’s ICO is to ensure initial market penetration of DICE through the use of already established Blockchain technology. A secondary goal is to raise funds for the business and further development of the DICE global ecosystem.
The ICO for funding DICE Money will be in the form of a separate Ethereum-based ERC20 utility type token called “Dicet” (exchange symbol “CET”), which can be traded as separate asset on the blockchain market.
HARDCAP: 91300 ETH
ROAD MAP
TEAM
For more information, please visit any of the following links:
Official website: https://dice.money
Whitepaper: https://www.dice.money/white-paper/
Telegram: https://t.me/DICEMoney
LinkedIn: https://www.linkedin.com/company/dice-money
Github: https://github.com/orgs/DICE-Money
Facebook: https://www.facebook.com/DICEsup
Instagram: http://instagram.com/dicesup
Twitter: http://twitter.com/dicesup
Bitcointalk (ANN thread): https://bitcointalk.org/index.php?topic=3145335
Bitcointalk (Airdrop thread): https://bitcointalk.org/index.php?topic=3196108.0
Reddit: https://www.reddit.com/user/DICEsup/
YouTube: https://www.youtube.com/channel/UCQAJZnp670MZWnNbZY_ovsg
Author: JigaMola
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143