More detail: https://ohiobitcoin.com/coins/vslice
The vSlice Token is a Meta-Token operating on Ethereum network. It is secured by its network of worldwide miners. vSlice represents a piece in the ownership of the vDice gambling dapp together with its revenue. The vSlice token will issue dividends generated by the gambling fees charged on vDice, which is a fully distributed version of SatoshiDICE for Ether betting. vSlice is a profit sharing meta-token on the public Ethereum Blockchain. It operates a series of interlocking Ethereum Smart Contracts. As such it shares profits from the voice game system directly to token holders. For token owners there are periods called ‘epochs’. The first 25 days of an epoch the Smart Contract is unlocked as well as tokens can be traded. The last five days the smart contract is locked. This is when a token owner can draw their reward from the games. After that it moves to the next epoch and so on. vSlice token holders obtains a share of profits from any other games. The way the profits are decentralized is simple. The profits being decentralized are the profits from the games on the voice system. This is accomplished by setting the houseAddress of those contracts to the profitContainer’s address. The way the profits are decentralized is simply based upon a number of tokens a token holder holds in proportion to the total supply, as well as the amount of profit that was in the profitContainer contract at the start of lock period.
