Quote from: iDice_io on June 10, 2017, 03:53:35 AM

Quote from: Joelaws on June 10, 2017, 01:28:22 AM

Quote from: iDice_io on June 10, 2017, 12:24:29 AM

Quote from: Joelaws on June 10, 2017, 12:10:33 AM

Maybe I'm too skeptical, but the fact that you won't acknowledge the inquiries about your representation that the app will be available on Android and iOS platforms is very concerning to me. You say that it will, but can you please explain WHY you are able to make that representation? Don't they (Google Play and iOS) both ban gambling apps?

Thanks for the question!
I understand your concern. You are correct in that gambling apps are banned by Google Play and Itunes. You will be able to download our app directly through our site on your smartphone. We will not be releasing our app through Google Play/Itunes nor did we say that we would be. Our app will be able to run on IOS and Android platforms just like any other 3rd party app that you can download online. There will be a guide detailing how to install our app on your phone once it is released.

I hope this helps!

It does, thank you.

Another (possibly as dumb) question...I read in your white paper that there will no accounts, etc. How will a player be able to play casino type games realtime without an account? At some point players will have to transfer ETH to iDice and then play the games realtime off of that balance right? Wouldn't that be linked to an account? If not, how then would a user be linked to the ETH that he/she transferred?

That is a good question.
Normally, you would have to make an account such in the case of bitcoin dice games. With Ethereum, you can play from the safety of your wallet by simply sending ETH to the game/smart contract address. The smart contract will be able to compute the results of the game with random numbers generated from random.org. You will be able to generate a wallet to play from on the iDice app. After you send funds to the wallet, you will be able to start playing on the go!

Hope this helps!

Quote from: tricass on June 10, 2017, 02:17:33 AM

Quote from: iDice_io on June 10, 2017, 12:24:29 AM

Quote from: Joelaws on June 10, 2017, 12:10:33 AM

Maybe I'm too skeptical, but the fact that you won't acknowledge the inquiries about your representation that the app will be available on Android and iOS platforms is very concerning to me. You say that it will, but can you please explain WHY you are able to make that representation? Don't they (Google Play and iOS) both ban gambling apps?

Thanks for the question!
I understand your concern. You are correct in that gambling apps are banned by Google Play and Itunes. You will be able to download our app directly through our site on your smartphone. We will not be releasing our app through Google Play/Itunes nor did we say that we would be. Our app will be able to run on IOS and Android platforms just like any other 3rd party app that you can download online. There will be a guide detailing how to install our app on your phone once it is released.

I hope this helps!

Can this be done without jailbreaking the iphone?

Thanks for the question!
You do not need to jailbreak or root your phone to install our app. For android phones it is relatively simple, but for IOS devices, you will be able to install our app through a process called sideloading. We will provide a guide in how to do so once the app is released.
Hope this clears things up for you

Quote from: idsyours on June 10, 2017, 03:27:04 AM

Quote from: iDice_io on June 08, 2017, 07:29:30 PM

Quote from: idsyours on June 08, 2017, 04:55:54 PM

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

Thanks for expressing interest! These are some great questions and I'd love to clear things up for you!

1. If there is no ETH contribution to convert to iDice tokens, those tokens will remain unsold. Everything will be handled automatically by the smart contract; there is a specific burn function on the smart contract that automatically burns tokens that have not received an ETH contribution. The smart contract also automatically handles the conversion rates of the tokens to ETH. There is no human involvement in the token conversion process, it is all done by code. Wink

2. There is a limited supply of 5 million tokens. 500,000 of them will be allocated to development team, thus 4,500,000 will be distributed to the ICO participants.

3. We really wish we could raise an indefinite amount of money! Grin

Unfortunately, we have a limited supply of 5 million tokens, so raising an indefinite amount of money is impossible. Even at the lowest conversion ratio, the maximum amount of money we can raise is 5million/130=38,461.5 ETH. You can find our how we plan to spend our money on our Use of Funds section on our whitepaper (https://crowdsale.idice.io/idice-whitepaper.pdf) This projection is based on our estimate of raising 1,000,000 USD.

...

Hi

Thanks for answering some of my question. Although something is clearly not right here! Please answer!

My first question:
I raised the concern that you are "raising an indefinite amount of money" which is clearly the case, the way your whitepaper is framed! You are talking about "ratios" and "proportionality" regarding the token distribution! The way you answered my question, your whitepaper should say:
"First hour: 1 ETH = 200 tokens" and not 200:1 ETH
"First 7 days: 1 ETH = 170 tokens" and not 170:1 ETH
"Last 7 days: 1 ETH = 130 tokens" and not 130:1 ETH

Tokens that are distributed "proportionally to the ETH contribution" and "in ratios" are something completely different than tokens that are being distributed equally.
What is the case here??

My second question:
You answered number two of my questions saying "500,000 of them will be allocated to development team, thus 4,500,000 will be distributed to the ICO participants."
You went on to answer the my third question talking about 5,000,000 tokens again, rather than the above stated 4,500,000. You contradicted yourself within 3 sentences.
Please clarify!

Thanks

Hi there!

Let me clarify:

That calculation is to show that we cannot raise an indefinite amount of funds even if we sold the tokens allocated to the development team. I apologize for the confusion.

500,000 tokens will be allocated to the development team, thus 4,500,000 will be available to the crowdsale. I used the 5,000,000 tokens as an example of if we sold everything and did not allocate any tokens to the development team. If we account for the 500,000 tokens allocated to the dev team, we have 4,500,000 tokens that are available during the crowdsale. Using this number we calculate that the maximum amount of ETH we can raise with the lowest conversion ratio is ~34615.4 ETH (4,500,000/130)

The whitepaper lists the conversion ratio from ETH to tokens, hence, 200:1ETH, 170:1ETH etc. We did not say that the tokens will be distributed equally. The number of tokens you can convert with 1 ETH depends on when you contribute during the crowdsale. Once the 4.5m tokens are sold, the crowdsale will end.

I hope this clears things up for you!

Hi

So, the following statement would be true?

If you contribute in ...
... the first hour, you will get 200 tokens per ETH.
... the first 7 days, you will get 170 tokens per ETH.
... the last 7 days, you will get 130 tokens per ETH.

If this is true, then why do you talk about ratios? That is something completely different!

Thanks