vDice is a gambling site modeled on the ETH smart contracts. the company has already created one game that can be found at https://www.vdice.io as a proof of concept and is pushing out an ICO for a token that will receive profit sharing (kinda like dividends) straight from the games themselves all using the ETH smart contracts system so there is no central entity with their hands in the cookie jar and should just run automatically. the token called vSlice will supposedly also be trade-able on exchanges like any other coin.
"The vDice Token:
The vDice token is limited in supply. After the ICO there will be no more created.
Further, it is tied to the profits of current and ALL future games.
Technically, with Ethereum this is easy. Just set the houseAddress of those contracts to the profitContainer's address.
The way the profits are distributed is simply based upon the amount of tokens a token holder holds in proportion to the total supply.
And the amount of profit that was in the profitContainer contract at the start of lock period."
The vDice (vSlice Token):- Week 1 = 1 (ETH) : 130 (vSlice)-
Week 2 = 1 (ETH) : 120 (vSlice)-
Weeks 3 & 4 = 1 (ETH) : 100 (vSlice)
I have only been looking at it for the last couple of days but seems interesting to me. some of the things i like about it is the sort of trust-less nature of it, that the ICO payment is in ETH itself not BTC, that the current and all future games will pay to the tokens, limited supply,
Things that worry me, you lose your ETH address and thats that you are SOL, while the supply is limited that supply is very big 92 million tokens I think (roughly 6 some odd million dollar ICO depending on the price of ETH), if the developer vDice does not keep the site up and make new games then the system breaks down and no payments. I cant seem to find where the company vDice is located or if they are incorporated anywhere.
so while i kinda think its neat and a new take on an old game, there are still risks associated with putting cash into this thing.
I will probable throw a little in on the off chance it pays off.
reading material if interested