January 1st, 2018
Crowdmining, Investment Mining, and Donations Mining – The DICE Economy Explained
With the rise of cryptocurrencies and mainstream adoption of Blockchain Technology, businesses across the globe have started acknowledging that the digital way is the only way forward that brings along with it freedom and new ways in day-to-day processes, trade and raising capital. Throughout 2017, numerous cryptocurrencies, led by Bitcoin, took the world by its storm. The Blockchain Technology had a massive impact across the global economy and as the world saw businesses embracing cryptocurrencies as the future of business, the ICO from of raising capital quickly raised the bars and became a popular choice of seed capital raising for hi-tech startups.
However, while cryptocurrencies suffer from multiple inefficiencies for raising seed capital, launching an ICO campaign is in itself a very expensive process where we find every other early-stage company bringing its product to the market every other day. While being expensive, with a flurry of cryptocurrencies being launched, a lot of ICOs even face the risk of not even reaching the softcap limit, which renders the process insignificant while putting the business proposal in jeopardy.
With many limitations in the present fund-raising route, DICE Money introduces a new cryptocurrency that provides businesses and startups with a universal platform for raising funds.
Unlike the traditional Blockchain Technology, DICE operates on a different principle which is not based on the traditional blockchain networks but retains the benefits and features of a cryptocurrency. Introducing a unique ‘Cluster Model’, DICE Money brings a simple, decentralized and global model that eliminates the complexities of existing fundraising platforms while bringing simplicity to implement a self-controlling system to execute financial transactions.
The DICE Economy:
DICE or Digital Certificates is a new form of digital cash where individuals, as well as companies, can raise funds, minus the marketing costs, using its innovative crowdmining model. The DICE Economy consists of a small cluster of Miners gathered around entities called Operators. Miners in the economy are responsible for mining DICE tokens that generates new DICE units. The role of ‘Operator’ is to serve as a guarantor for validating the DICE units and executing ownership claims for the associated DICE units.
Every operator on the DICE economy maintains a separate database with hash associated for every known DICE. Such databases or ledgers may be public or private in nature. Unlike the Blockchain system where a single distributed ledger is maintained, the DICE Economy allows operators to maintain separate ledgers that form a ‘Cluster Economy.’ Every operator maintains his own ledger and thus with numerous ledgers on the system, it’s practically impossible for hackers to affect the entire economy at a single point in time.
Along with the crowdmining model, DICE brings the ‘Investment Mining’ that is another breakthrough that the cluster model provides. While miners mining new tokens are the sole owners of the units being allocated, with every new unit being mined successfully, the capitalization of the respective operator, which maintains the database of such token, increases with overall mining production. Miners have full freedom to choose the operator of their liking from the entire economy without any global barriers. This makes funding a new-startup easier for every operator without incurring massive costs while making a new investor out of every miner. This essentially means that the miners mining the tokens are investing in the operators business and in turn reaping the benefits of such investment.
While the DICE Economy allows investment mining for every business, an operator can even raise funds for a social cause and donate the funds being raised out of the mining model. The applications of this technology are simply limitless.
With a fully customizable network and a shock-free adoption as new everyday money, DICE Economy offers true decentralization with a set of new security features that ensures the safety of mining while eliminating hacking risks.
Solving the key problems of a Blockchain, DICE provides businesses as well as the users in the community, a greater opportunity to succeed in their funding requirements. While the goals and objective of fundraising may differ from a social cause to investment mining, or raising funds for a startup, DICE Money offers solutions that has the potential to disrupt the existing fund-raising platforms, ushering a revolutionary way of financial capitalism.
To find out more, visit dice.money