Providence: ICO

 In the online world, however, cryptocurrencies have been widely accepted and have been embraced in multiple formats and are used for wide ranging activities. The ones that are on the forefront are Online Gambling and eSports as one of the early adopters of cryptocurrencies and blockchain technologies. The uptake of cryptocurrencies in these online gambling activities has had overwhelmingly successful effects showing the huge potential in utilizing blockchain technology in the sector but also entertainment industry overall. This notwithstanding, there hasn’t been a substantial effort to integrate the successes of cryptocurrencies in the online platforms into the real world and in a physical realm. There is a disjoint between the application of cryptocurrencies in online gaming and gambling and its uptake in the real world casinos and this is what Providence seeks to address.  

 What is Providence?

 Providence represents a casino that is the first of its kind: 100% cashless and operating solely with cryptocurrencies enabled by integration with advanced blockchain technology. By leveraging automation, micropayments and transaction speeds, Providence will allow players to walk into our physical casino and exchange cryptocurrency for chips that will enable them to engage in all of their favourite adrenaline-inducing casino games on the premises. In essence, Providence will enable players to turn their cryptocurrencies into fun and usable assets in the physical realm, thus addressing a major issue with these currencies that have limited consumption opportunities in the physical world.  

 Meet the team

 

 On 25th 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. 


Tokens Details

 Token name: Providence (PVE)
Token type: ERC20 application token to be used for transactions and consumption
Token price (Main Sale)1 PVE = 1/600 ETH (1 ETH buys 600 tokens)
Token price (Pre-sale) with 35% bonus 1 PVE = 1/810 ETH (1 ETH buys 810 tokens)
Total supply: 200,000,000.00
Token Sale Cap (51%): 102,000,000.00 PVE
Accepted currencies in Token Sale: ETH
Minimum Contribution Amount for Token Sale: 0.05 ETH
Minimum Contribution Amount for Pre-Token Sale: 10 ETH

More tokensale details

Pre-Token Sale Bonus: 35%
Pre-Token Sale Special Contributors: Providence Exclusive Debit Card
Sale Participant Eligibility: Anyone except Singapore and US due to legal restrictions
Total percentage(%) of tokens allocated for the Token Sale Contributors and it will be distributed in two ways: 51%
1) Community Contributors: 36%
2) Vlora Asset Management: 15% (Vesting 6 months)

  • Total percentage(%) of tokens allocated to Casino Bankroll: 31%
  • Total percentage(%) of tokens allocated to Marketing & Promotions:4%
  • Total percentage(%) of tokens allocated to Bounties: 4%
  • Total percentage(%) of tokens allocated to Founders, Strategic Partners and Employees: 10% (Vesting 6 months)

PRE TOKEN SALE: 28th September — 12 October 2017MAIN TOKEN SALE: November (TBA exact date) 

 


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