EtherAce Speculation Platform

About:

EtherAce is a decentralized assets speculation and betting platform based on smart contracts, state channels and blockchain technology. We provide different market instruments that all types of users, from traders to gamblers, can benefit from. The EtherAce platform is built as a layer on top of Ethereum, which enables all bets to be placed and all value to be stored on a secure decentralized transaction ledger. This allows for a level of enhanced transparency, security, lower fees, and no intermediaries required that traditional online betting and speculation platforms cannot match. All the platform logic is handled by autonomous, open-source smart contracts, creating a trustless environment with no governing body. There are three high-level parts to the EtherAce platform; you can bet on the odds, your skill, or us. When betting on the odds, user’s will bet on something where the result is derived from a random generator. Users can also bet on their skill in our peer-to-peer derivatives market. Anyone can choose to bet on EtherAce by holding ACED (ACE Dividends) tokens. EtherAce provides a trustless tool for all speculators and gamblers of the cryptocurrency sector which is a highly speculative environment, to use to speculate or gamble on blockchain and traditional assets for profit. EtherAce uses state channels to allow for off-chain actions to reduce transaction time and fees, improving and allowing greater UX while still leveraging blockchain functionality. With low latency products, massive market potential, and unique user-interfaces built for web3.0, the EtherAce platform is poised to disrupt the cryptocurrency world as an instrument that anyone will have an incentive to use. The world financial markets are transcending, enabled by the creation of the blockchain. For now, our platform is extremely useful to anyone in the cryptocurrency sector, which is segregated from the overall financial sector. As the world markets shift, our platform will become valuable to anyone in the financial sector because we offer greater qualities. 



Intro:

EtherAce is a decentralized speculation platform. Built as a layer on top of the Ethereum Blockchain, EtherAce's platform logic is contained in smart contracts which run autonomously in the Ethereum Virtual Machine. EtherAce has three main sections: You can bet on the odds in our Chance Game Suite, bet on your skill in our Decentralized Derivatives Market, or bet on us by holding our ACE Dividends (ACED) token and receive quarterly dividends.



Milestones:

March - April 2018

Official birth of EtherAce, develop the website, high-level plans and design of the system.

May 2018

Launch the EtherAce website, develop the beta Flip MVP, release the v1.0.1 of the whitepaper, develop the beta O/U MVP.

May 28, 2018

Public beta release onto Ethereum testnet of the first chance game MVP, Flip, a classic, fair game with a new UX.

June 11-13, 2018

Crowdsale announcement, Public beta release onto Ethereum testnet of the first speculation contract MVP, O/U, functionally similar to a multi-party futures contract/going long or short.

July - August 2018

Crowdsale (begins July 12, 2018 17:00 GMT), an exchange listing, develop the dividends contract, public bug bounty on existing smart contracts, R&D into state channels.UI/functionality improvements for both first products (ie. chatboxes, FairEntryEngine), gas optimization on existing smart contracts, R&D into state channels.

September 2018

Integrate 1-to-1 state channels into first products, support 5 more tokens/assets, allow users to set contract times for any period, develop community voted suggestions, Mainnet Launch of both first products, updated roadmap released.

October - November 2018

Peer-to-peer chance game, development of 1-to-n state channels, perpetual & future contracts, orderbook, margin-trading and leverage logic, 1-to-1 swap trading.

December 2018

Trading/liquidation engine, live index price, integrate m-p state channels into swap trading/p2p game, conduct bug bounty, perform localization of entire platform for different markets, ex. Korea.

Q1 2019

Complete trading/liquidation engine, Mainnet Launch of fluid swap market and p2p game, mobile version of the platform, stop-triggers and other basic functionality, marketing strategies officially deployed.