Today, the gambling industry is at the peak of its popularity than a few years ago, but this industry continues to grow and gain popularity. This indicates that many people like this industry, and it makes the gaming industry one of the stable industries with an average growth of 4.3% per year. Getting access to gambling has become much easier than a couple of years ago. All because the gambling sector migrated to the Internet. The success of this industry was followed by an increase in the number of users of mobile devices and the Internet, which largely contributed to the growth of the online lottery. The growth rate of the introduction of mobile Internet technologies is really very fast and, of course, it greatly helps the growth of the lottery market on the Internet. However, in this world there is nothing ideal and, of course, there are weaknesses or problems that need to be solved so that the gambling business can survive and develop further. In general, in this industry, participants have a number of questions, for example, is the winner really random or is it all rigged? In addition, there is a problem regarding the difficulty of issuing prizes won, not to mention the high commissions and taxes. But with the advent of Blockchain technology, the gambling industry can change for the better.
The Blockchain technology is gradually penetrating all spheres of people's lives, and has not bypassed the gambling industry. There is a project based on the Blockchain technology, which offers a product that provides solutions to the various problems mentioned above. This project is called Gexan, which we will examine further. And find out what solutions he offers?
What is Gexan?
Gexan offers a decentralized autonomous lottery platform that will penetrate the common frontier of the lottery industry and create a fair lottery ecosystem with high participants 'profits and minimize participants' losses associated with their winning prizes.
How can this be implemented?
The Gexan project team prepared various innovative things to achieve this goal using masternode algorithms, hybrid POW and POS consensus, digital currency GEX, the lottery platforms themselves, intellectual contracts, participants' wallets and mobile applications. Let's discuss all the functions in turn.
• Blockchain technology, which will be responsible for controlling the flow of funds so that it all looks easy or transparent to all. This will allow you to track when, and to what extent payments were made.
• Intellectual contracts are used to regulate the fair lottery system. Available to all and can not be changed so that you can not manipulate the results of the lottery winners.
• All expenses incurred by the winners, such as sales, staff, distributors, printing with lottery ticket checks, will be reduced through the use of Blockchain technology, intelligent contracts and other innovative solutions.
• Costs for developers are very reasonable, only 5% of total ticket sales, which will also be used for further marketing
• For investors who buy their tokens, it will also be safe.
Conclusion
Highlight the positive points and summarize:
1. After studying the Gexan project, it is safe to say that this is a project with a great idea and a business model that has great potential.
2. Quite a competent and strong team of developers, showing good performance.
3. High ratings from third-party resources and ICO agencies.
4. Simply put, Gexan has prepared everything, and even the lottery sale website is up and running. This shows that they are not a random project and, of course, guarantee the sustainability and future of the project. You yourself can see for yourself if you follow the links below.
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Bitcointalk username: yongki39
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2603810
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