CurrencyTimes: Today, I have interviewed the DICE Money team on their ICO and future projects. Dice Money is developing a cryptocurrency with no single ledger in the cluster economy. Dice Money is listed to organize a token sale in Q2–2018.
1) What problem are you solving and why do you need blockchain technology?
DICE is a revolutionary cryptocurrency which features great simplicity and different operational model compared with the rest. The main goal is to allow DICE to enter the everyday life as a normal currency alternative to the traditional money, while at the same time complete decentralisation gives power to social groups to raise funds through cryptomining. Users now can invest in business by simply mining DICE for that business; organisations such as schools or hospitals can benefit from crowdfund mining while at the same time keeping the cryptominers incentivised as well. Individuals can enjoy full support from their relatives and close circle in mining to cover a home mortgage, and so on — the applications are limitless.
DICE introduces a new type “cluster economy” which is much more social and fair, and provides greater opportunities to individuals and small business to succeed with funding through support from their contact network.
While not based on the blockchain, DICE Money ICO creates a blockchain token — “Dicet”, which is an Ethereum-based utility token for the ICO only. The Dices offers a link between the non-blockchain based DICE, and the regular blockchain exchanges.
2) What are the main pillars that define your company and differentiate you from competitors?
The uniqueness of the concept, and the fact we have a long-term roadmap which is not ending with, but instead — starting with, the ICO. We are building a real range of products, currently have some being tested internally, and planning to release the first public beta soon after, or maybe even during the ICO. Thus people will be able to experience the power of DICE, and the global ecosystem of operators can start forming.
DICE is a simple, understandable concept, friendly both to established regulations, and the blockchain at the same time, and that makes it very easy for implementation and adoption throughout all niches in the economy.
3) Why did you decide to launch an ICO and why do you need a public token sale?
Having a good concept today guarantees nothing. Great ideas are failing in their thousands every day. The reason for most — their authors simply have not enough resources to start and to build the needed traction for the success of their idea. While DICE solves this very same problem, the project itself just like the rest out there, is very much dependent on the initial traction and traditional ways of funding in order to be able to quickly reach to the stage where DICE can be a viable alternative for everyone.
We decided to put our idea in front of the people to decide whether they want to support it and give life to DICE, or not. Thus everyone who believes in it would have the chance to “put a shoulder to the wheel” and help the project, so in late 2018 people would actually be able to mine, pay, and raise funds through DICE.
4) How does your token function within the platform and why is it needed?
Our Dicet token is sort of a blockchain value holder for DICE. Once the ICO is complete, it will be traded in the popular exchanges just like all others currently there, but it will also have the ability to be swapped for actual DICE currency units. The exact roadmap is in several stages with gradually increasing price of the Dicet token. All details about that can be found in our ICO Whitepaper.
5) How did you decide the total supply and distribution among stakeholders?
We spent a number of weeks calculating various future scenarios where the Dicet token has already entered the blockchain exchanges, and exits through DICE swaps. We also made lot of calculations to project the estimated global DICE yield in the coming months and years; that is mostly dependent on the computing power used for mining in global aspect. All that let us calculate the cost of a single DICE unit, and by extension of that — the Dicet token.
The total number of Dicets is based on those calculations. We have put for sale in the ICO as much of this, as it was reasonably possible.
6) Where do you see the value of your token in the medium to long term?
Once started, the Dicet token will have its own life within the blockchain, however it is also a bridge toward an emerging and very attractive alternative outside. While DICE mining production will keep increasing with the spread of the global ecosystem, there will ever be only this fixed number of Dicet tokens, so this “bridge” will be increasingly more valuable with time; this directly proportional to the expansion speed of the global DICE ecosystem.
7) What is the ultimate benefit of your token for the token holders?
Our token has a real product behind it. It is not based on just hopes that “everything will be fine” on the global crypto scene. It is a link to a new scene — one that is much more stable and predictable, and depends on actual business rather than speculative games.
8) Do you believe that the volatility of the cryptocurrency market might affect the economy of your project in any way?
One of the most important features of DICE is its mathematical predictability, and the Dicet is hard-linked to DICE, so it is naturally much less volatile than anything other out there at the moment.
9) What are your plans following the ICO?
Our immediate plans are clear — intensive development in the early stages, expansion of the team, follow the roadmap to deliver all planned products in time.
In a longer term, once a global DICE ecosystem is built and functioning, DICE Money will focus on increasing its support to small startup businesses within the ecosystem, that along with further research and development of DICE-related products.
Disclaimer: This interview and the information contained herein is not intended to be a source of investment, financial, technical, tax, or legal advice. This interview cannot substitute for professional advice and independent factual verification.