DICEGAME ICO Review

DICEGAME ICO Review
ICO date: 17.07.2018 - 17.08.2018
Industry: Gaming
Description:

DICEGAME is the most open face-to-face gaming platform. It provides a fair way to play the game face-to-face without involving a third party.

How it works:

DICEGAME is a platform that hosts provably fair P2P games. It is transparent and has no limitations on deposit and withdrawal. The technology it runs on allows it to have fees that do not exceed 3%, transaction speed of up to 100,000 transactions per second and complete security.

The games users can play do not require additional skill to increase the odds of winning. The company already has developed a game called Factory of Millionaires and plans to develop 1000, Monopoly, Rock-Paper-Scissors and Poker. It is going to add third party developers’ games to their platform as well.

Bonus tournaments are held regularly. ICO participants who have invested 1 BTC or 10 ETH have free unlimited access to them. Other players have to pay a fee, but jackpot is definitely worth it.

DICEGAME eliminates centralized random number generator, so no third party, even the developers, cannot influence the outcomes of a game. This results in improved trust from users.

Innovation:

Blockchain in gaming is nothing new. The company doesn’t offer a lot of games either. However, few improvements to the technical side that DICEGAME develops grant it a medium mark.

Innovation score: Medium

Token value:

DICE token is a utility token of the platform. Users can play with BTC, ETH and LTC, but the transaction fee will be higher. Using DICE token would result in 1% transaction fee. DICE tokens also form the prize fund for bonus tournaments and are required to enter regular ones. This ensures interest in platform’s token and a growing turnover.

As the number of players grows and so does the transaction volume, the price of DICE token is going to increase as well. The company’s estimates show a 3000% growth by 2023.

Token value score: Medium

White paper:

The white paper DICEGAME presents shows an overview of the gambling industry, identifies key problems in it and presents their own solutions. It describes the concept of the platform, technical details and MVP using flowcharts to make it easier to digest.

It also gives estimates of DICE value and calculates financial projections under different funding scenarios. The budget for marketing and ROI are also calculated.

White paper score: High

Roadmap:

The concept appeared in the beginning of 2017. By the end of the year the team has developed the first MVP, Factory of Millionaires.

When the ICO is finished, the company will start integration with blockchain and development of the Rock-Paper-Scissors game. In the beginning of 2019 the game will be live and the company will start developing DICE wallet. In the second quarter of 2019 the platform will be released in alpha with DICEGAME 1000 on it. Beta release and Poker game development is scheduled on the first quarter of 2020. By the end of the year the platform will add Monopoly to its list and in 2021 it will start integrating other vendors’ games into it.

Roadmap score: High

Business model:

DICEGAME taps into a profitable industry. The volume of gambling market in 2020 is predicted to be 81 bln USD, with the compound annual growth rate being as high as 10.8%.

The company has all marketing efforts and expenses planned out and presented in the financial forecast. The monetisation model is charging 1-3% commission and gathering 50% of the regular tournaments fees.

It was audited by Ernst & Young, PricewaterhouseCoopers, KPMG and Deloitte Touche Tochmatsu Limited, the big four accounting firms, and deemed worthy.

Business model score: High

Team:

DICEGAME’s CEO has spent seven years in the industry as a founder and leader of different projects. The CMO has more than 15 years of experience in IT, product management, business analysis and remote team management. CTO, however, has only been a software engineer previously.

One of the advisors is a fintech expert with more than 15 years’ experience, the other was a part of a team that managed to get many applications to AppStore. The most prominent one  is the CEO of Bit.Game. He will provide guidance in the gaming industry and Asian market.

Team score: High

Competitors:

Gaming industry is extremely competitive. Many other ICOs like PlayHall and PlayBets  offer similar services and more games than DICEGAME does.

However, this company has low fees, improves the technical side and takes a very specific niche that has few direct competitors. DICEGAME has all chances of making it.

Competitors score: High

Overall thoughts:

DICEGAME is not a company that would change the industry. It improves slightly on the technology in its small niche and it is just enough to be successful.

DICEGAME is a good investment choice.

Website: dicegame.io
Whitepaper: Whitepaper

Overall Score

High

4 / 5

Risk score

Medium

Crowdsale


Pre-ICO

Pre-ICO start date: 16.05.2018
Pre-ICO end date: 16.07.2018

ICO

ICO start date: 17.07.2018
ICO end date: 17.08.2018
Soft cap: 4200 ETH
Hard cap: 21000 ETH

TOKEN DETAILS

Ticker: DICE
Token price in ETH: 0.0001

Legal


ICO Platform: No
Registration Country: UK