DICE Money

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Ozcar (CET) ICO Review

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DICE Money is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameDICE Money
Token SymbolCET
WhitepaperView Whitepaper
Website LinkHome
Price1 CET = 0.9162 USD
PlatformEthereum
Raised$1,465,856
CountryUK

More about Ozcar (CET) ICO:

DICE has properties of both the presently existing cryptocurrencies and traditional money, and also creates a brand new funding route for any business. 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.

REVOLUTIONARY MODEL
True Decentralisation
DICE lacks a single ledger present in the typical blockchain architecture. Instead, there are as many ledgers as there are operators in the global ecosystem – some of them public, others private.
Reinforced Security
A new communication protocol which makes it practically impossible to hack and steal DICE. In addition to that the physical nature of DICE requires having a copy of the actual data structure.
Offline Mining
DICE can be mined safely without the fear that someone else is secretly using your resources. Offline mining also opens the door toward interesting mobile fintech products.
Speed and Scalability
The model built on a large number of unconnected small nodes allows maximum parallelisation and unlimited scalability. Each node handles only a small fraction of the overall traffic.
Absolutely Free
The concept of transaction fees is absent in the DICE model. Incentives to both sides come from elsewhere, not fees.
Social Economy
One of the biggest advances in DICE is the idea “investment mining” – a socially-uniting opportunity to raise funds for a specific business or cause while mining for yourself at the same time.
No Middlemen
A true “peer-to-peer” model without need for exchanges or special wallets.
Deterministic and Predictable
DICE is not meant to be a speculative asset. It is designed to replace the traditional money in a shock-free implementation.

This documentis dated Saturday, 22 December 2018.The provisions of this documentare privileged and confidential. Unauthorized reproduction or distribution of this documentor any of its contents in any form or under any circumstances without prior written consent is prohibited. The Recipient is responsible for returning all copies of the documentimmediately upon request of the Sender. While the information set forth herein is deemed by the Senderto be accurate, the Sendershall not be held liable for the accuracy of or any omissions from this documentor for any other written or oral communication transmitted to the Recipient and any other party in the course of its evaluation of transactions involving the Sender.The information contained in the documentwill require careful scrutiny, verification and due diligence efforts from the Recipients of the document. Any person or entity seeking to make an investment in the business should not rely on the information set forth in the documentas complete. In addition, the analyses contained herein do not claim to be appraisals of the assets,or the valuation of any entity. The Sendermakes no guarantees regarding any benefits received from investment, nor the legal, tax or accounting effects of any transaction; and this documentdoes not constitute an offer to sell, or a solicitation of an offer to buy securities. In furnishing the document, the Senderundertakes no obligation to provide Recipients of the documentwith access to any additional information or to update this documentor to correct any inaccuracies that may be contained herein. There exists substantial information with respect to the business and its future prospects, with an investment in the business, which are not set forth in the document.No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the author.DICEConceptual Designand Public SaleWhitepaperDICEMoneyWebsite: https://dice.moneyFORWARD-LOOKINGSTATEMENTSThis documentcontains certain forward-looking statements concerningfuture operations, including such things as business strategy and measures to implement that strategy, competitive strengths andgoals, growthand operations, and references to possible future success.These statements are based on certain assumptions and analyses made by the Senderin light of the Sender’sexperience and its perception of historical trends, current conditions, and expected future developments, as well as other factors the Senderbelieves to be appropriate. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.Consequently, all the forward-looking statements made in this documentare qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by the Senderwill be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Senderor its business or operations.

INTRODUCTION

The rise of the cryptocurrencies in the past few years led to increased freedom and new ways to trade, generate and hold equity, and raise funds for business. The last one in its ICO form is quickly becoming a popular choice for seed fundraising in hi-tech start-ups. Cryptocurrencies however extensively suffer from some inefficiencies when it comes to raising funding for companies whose product has a more physical nature such as robotics or other typesof manufacturing. To make it worse, launching an ICO/STOcampaign has already become a very expensive processfor most early-stagecompanies. The problems come from the fact that cryptocurrencies mostly rely on ‘proof-of-work’, while for an early-stage company ‘proof-of-ownership’ would be a much more suitable choicesince the nature of the offering is almost exclusively in share equity. 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 forsuch companies. In addition, other problems (mainly stemming from the complexity of how modern cryptocurrencies work) limit many businesses from actively using them for fundraising. This white paper outlines a simple new model, which is notbased on traditional blockchain principles,but retains the benefits of cryptocurrencies. At the same time, the model also exhibits features of traditional money,and incorporating new unique benefits.

Mining

The process of mining generates new DICE units. Newly mined units are initially owned by the miner who has produced them. The miner can then exchange them for physical goods, services, digital content, other currencies, or other DICE units.When generating a valid DICE unit, the goal is to end up with a 1024-bit block of data consisting of thefields defined in the DICE structure, such that when SHA3-512 (3)is executed on the DICE payload, and the resulting 512-bit output is then added to the original DICE header, a new hash produced from this newly built 872-bit “prototype” block will have a certain number or more of its least significant bits, all equal to 0.Therefore a miner’s task is to produce a 664-bit “Payload” at a certain moment of time (the “Timestamp”) in order to achieve successful hashing of the entire 1024-bit proposed data block,and then to have that hash confirmed by the operator.

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