Just finished reading the whitepaper. Overall, iDice is a Project with good prospects. However I do have questions which needs to be answered so I can be clarified.
1. iDice has a maximum supply of 5m iDice tokens, No iDice tokens reserved to the founding team?
2. What will happen in case not all iDice tokens are sold. Unsold tokens will be burned?
3. It's mentioned in the Whitepaper that Token holders gets 100% of the profits from iDice Gambling platform. If this is the case, How will iDice make revenue If they distribute all profits to investors. I'd like to know!
4. The way the funds raised during the crowdsale will be used raised some personal concerns from me. If $5m is raised during the ICO, $1m will be used to build the iDice Gambling app. Isn't that too much? Even $50,000 can fund the development of the app.
5. How does iDice compare to ETHRoll, Edgeless & Vdice? They're all powered by the same Ethereum Network. So I'd like to know what makes iDice standout from the rest.
I await a prompt response on these questions.
Thanks for expressing interest! You have great questions and we'd be happy to address them!
1. 10% of all tokens or 500,000 tokens will be allocated to the iDice development team.
2. Unsold tokens will be burned.
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Hi there
I do have a couple of questions:
1. According to your white paper, you are distributing the tokens in three different ratios depending on what time the participant sent its Ether. Above the question was asked: "What will happen with unsold tokens?" and your answer was "Unsold tokens will be burned".
But - it's
impossible to have unsold tokens the way you framed your ICO. Every token will be distributed according to the ratio. Can you please explain?
2. For clarification. What is the exact amount of tokens that will be distributed to the ICO participants?
Is it 4'500'000 due to the allocation of the development team or is it 5'000'000 with a total amount of 5'500'000 in circulation?
3. If I read the white paper correctly, you are raising an indefinite amount of money. You could end up with very few Ether up to millions of dollars worth of Ether (e.g. competitor vDice raised 1.8$ Million worth of Ether).
Could you elaborate on how much money your planning to spend on the different phases?
Thanks and best wishes