vDice, a decentralized gambling application built on the Ethereum network that allows users to bet their Ether holdings in a fair and transparent way (something that isn’t always granted with centralized systems where “trust is a must”), has recently announced a crowdfunding period in which users will be allowed to own a piece of said application, and the profit generated by it, in exchange for an investment made in Ether. This makes, not only the underlying technology but also the ownership of the gambling system fully decentralized. While this may not seem like a big deal to the common observer, it’s a small step forward to a fairer world where the wealth can be shared and distributed by many, and not just a handful of investors or founders.
The vDice Initial Coin Offering (ICO) is a crowdfunding initiative that focuses more on creating revenue for its investors and for the whole Ethereum ecosystem than on a specific technological innovation (although the smart contract system employed demonstrates how the automation and decentralization of any “old school” system can make it more efficient, transparent, and safe). As we get closer to said ICO, we can observe the popularity and promise that the vDice gambling dapp (decentralized application) offers by analzyng the Ethereum blockchain itself.
The ownership of the vDice dapp will be distributed in the form of vSlice tokens. There is a total of 96 million tokens, through which the vDice profits will be equally distributed.
If we analyze the blockchain wallet address through which users are investing in vDice, we can see an overwhelming inflow of capital, surpassing $1,000,000 worth of Ether in less than 90 minutes. An impressive value by itself. Now, when we think about the organic marketing potential that this system can achieve through the decentralization of its ownership, be it by word of mouth or any other marketing techniques that its many (future) owners can employ, we can logically expect the inflow of bets on the vDice gambling dapp to increase exponentially after the ICO.