Providence (PVE) 100% Cashless & Physical Crypto Casino & Resort
We’ve asked members of Bitcointalk forum what will they asked cryptocurrency/token developers to prove that their project is unique legit and worthy of investors and community supports.
Be sure to read all the answers theres gold hidden in this cryptocurrency project
What Is the name of your coin/token
The name of our token is Providence with a ticker symbol and short-code PVE.
Yes, we are present on most of the ones below and we are very prompt on each of them with CMs and Social Media teams
Is there an ICO/Premine for this coin?
Yes, since this is an ERC20 Token, a total supply of 20,000,000 Tokens will be created and we will have token sale of 51% of tokens that are allocated to the community.
On 28th of September, 2017, Providence will start the PRE-TOKEN SALE and offer PVE Tokens to the community for a price of 1 ETH = 810 PVE Tokens (35% bonus applied). The pre-sale has a fixed cap of 20,000 ETH (Max Pre-Sale Cap)
The second round of PVE Tokens will be offered to the community in the Main Token Sale for a price of 1 ETH = 600 PVE Tokens. The Main Token Sale has a fixed cap of 125,000 ETH. It is going to be held in November and the exact date will be announced after the pre-sale.
Please post the roadmap of your project
You can see detailed layout of the roadmap on our website:
What is algorithm behind the coin? Standard hash solving mechanism,or like in Primecoin case mining involves finding Cunningham chains or something else?Is coin POS/POW or mixed?
The token is Ethereum based ERC20 Token. So all that applies to the Ethereum network translates also to the PVE Token. (POW at the moment with POS incoming with metropolis)
What is the purpose of the coin? (Is is only used as currency or there is some deeper system behind it?)
The token is actually heavily consumption oriented and incentivised for that purpose. PVE’s utilisation is to power the Providence Network. It will be used as the internal settlement currency, buy-in currency for casino gamers and spending token for the guests and consumers of Providence Hotel, Restaurant and accompanying facilities.
The incentives and rewards are as following:
1.Smaller transaction and Credit Card fees allow us to save a percentage of money spent on credit card transactions and redirect this value back to our consumers when they buy in casino chips with providence tokens. You will be getting an 1.5% extra chips on every buy-in you do on the casino premises.
2.Every Quarter Year, Providence Crypto Casino & Resort will allocate 20% of profits in PVE Tokens into a Jackpot system that will be implemented on the Online Casino and will be provably fair. Each Providence Token holder will get a jackpot ticket for every 20 PVE tokens held with a combination of numbers to enter the reward pool. The jackpot will run on a pay-out structure that will be based on a group share system and the exact pay-out models will be introduced once the reward system is implemented.
3.Each Providence Token holder will be entitled to a reward in PVE tokens which is composed of 1.0% Providence’s total quarterly volumes in the whole network where PVE is used as a payment system and this includes Physical Casino, Hotel and other Retail Outlets that join our venture.
a. The system will be implemented via a smart contract which will be doing redistribution of rewards based on quarterly volumes.
If Providence’s quarterly volumes amount to 10,000,000 PVE Tokens, then 1% of this amount (100,000 PVEs) will be taken and sent to the smart contract. After that, the smart contract will redistribute those PVE tokens back to token holders in proportion to the share each specific token holder has in the pool of 100,000,000 Tokens distributed on the market. If you have 10,000 PVEs or 0,01% share in the market, you will be receiving 10 PVE tokens.
b. By nature of token holders, it is in their interest that these services get as much volume as possible. Furthermore, as this will be a physical casino and resort for holidays and entertainment we rely on the social influence of those same shareholders to drive more potential guests and customers to our entertainment complex thus increasing demand and consequently volumes.
4.Token sole appreciation in value through exchange ecosystem. Because this token has several directions of utilization (consumption, holding, trading), we are expecting a steady growth in value as we expand our business offers, services and introduce new and innovative ways of utilization in our venture.
Does dev or the team have any experience that makes them likely to succeed?
As you can see we are bridging physical real-estate and hospitality sectors with digital and gaming ones so the team is comprised of highly skilled members in their respectful fields. The project is supported by its pioneer investors and advisors with investments, consulting and operational activities.
In specific Mr. Michael Doherty has several companies owning real estate which also has hotels built on them run by Professional Hotel Operators. We have several bids as of now and due diligence and evaluation of applicants are in fact been done at this time as the Engaged Operators will have to abide by our crypto concept. We will announce the Casino Operator and Hotel Operator who will be managing our Crypto Casino and Resort in due course.
On the other hand, the team and me that is managing the digital and crypto part of the business have extensive experience in leading digital strategies and implementation for the hospitality and entertainment industry. Some of the projects and clients we worked before include http://www.adriaticluxuryhotels.com/en, http://fresh-island.org/ and Croatian Bitcoin Portal (http://crobitcoin.com/ although now we have a whole new crypto layer above.
One more thing is to mention that 4/10 team members (myself included) come from Croatia, which is tourism-reliant country and has the biggest share of tourism in GDP among all countries in Europe (18%) so a lot of projects and experience went through our hands in this sector.
Can you follow through in your projects?
They are mentioned in the above paragraph and more info can be found under team member linkedin profiles: providence.casino#team
Do you have a bounty campaign, if yes please share the links
Yes, and we would love to invite everybody interested in our project to participate in it: https://bitcointalk.org/index.php?topic=2196188.0
Our bounty manager has extensive experience with bounty campaigns and he will lead the whole bounty campaign until the end of the Main Token Sale.
What percentage of coins in circulation will the main developer have?
10% of coins are reserved for the team as presented in our Whitepaper. This 10% will not be carried out by only one person; it will be distributed internally between the core team.
How were the software clients generated (did they use the main Bitcoin client or something else to make their software)?
We believe this is more a question that is regarded to custom blockchains and their proprietary wallets.
Is the coin deflationary with hard cap of coins or not?
Well, in fact, it is. Our coin is “pre-mined” on Ethereum, so it is deflationary with the hard cap by default, and no more coins will be ever issued. However pre-mined might be a bit out of context for ERC20 tokens as they leverage the Ethereum network.
Was it heavily premined, how many coins are in the hands of devs?
Yes, it is, 10% will be in the hands of the core team, employees and strategic partners.
If you ever had the chance to talk with Satoshis what would you ask?
I would just shake his hand and thank him for making all this possible. With Bitcoin, he has essentially set a course for a new and better future, and we believe this will earn him a place in the history
Even Vitalik Buterin with Ethereum can’t beat Bitcoin. How you gonna do it.
We don’t want to beat Bitcoin, we want to collaborate and grow together with it. There is much clash in the industry but the fact is that every PR for bitcoin or any other crypto just gives more space in the media for this innovative and amazing domain thus inviting more and more people to join in.
Bitcoin is the godfather in the crypto world and he will stay that. We, by no means are considering it a competitor, moreover our exchange will welcome all bitcoin holders! 🙂
Do you think your coin can make it at the top 20 of Coinmarketcap
Yes, we believe it can. Providence is a project that aims to engage a new audience to the crypto world. On a location where we will open our crypto casino was already operable casino and their visitors will use the same location, but this time they will need to become token holders to be able to gamble on it. That way a new audience that is used for gamble will start trade with cryptocurrencies.
Virustotal Anti Virus Scan of your wallet please post the link results
As this is a smart contract on top of Ethereum platform, once the contract is deployed it will be publicly visible and verifiable. We believe this is more a question that is regarded to custom blockchains and their proprietary wallets.
Message to investors and supporters
If you take a look on our proven track record of business history, you can see that this is a project with a mission to connect physical and digital world of leisure and entertainment. Physical casinos and holiday resorts are industries waiting for disruption. Gambling industry and casinos are after all one of the major drivers of the “consumption” in crypto-economy at this point. By connecting this two realms we are creating much more possibilities for ordinary crypto users to leverage. and so forth. Providence will become the central place to introduce the crypto market to gambling and tourist industries.
For our early contributors and supporters, we ensure additional 35% of tokens that they can get in our token pre-sale. The token pre-sale starts on 28th of September and great perks are reserved for you!