GG Global Lottery
This is an interesting project because they are going to try and replace the broken lottery system that exists today. The truth behind the Powerball and MegaMillions- 2 popular lotteries in the U.S.- is that it is incredibly hard to win the lottery and the government makes millions of dollars from the lottery as well regardless of whether someone wins.
Well, GG Global lottery is trying to change that as token holders will receive 1% of whoever wins the lottery. There are 300 million tokens, so anyone who holds onto their tokens will receive their share of 1% of the jackpot of $130 million for example. On their website they have a calculator to show how much money you should expect to receive on a quarterly basis from holding their tokens. Basically, the more tokens that you hold the more dividends you will make on a quarterly basis. Also, the more countries they have expanded to, the larger the dividend payouts. However, I would say that the calculations aren’t incorrect on their website, but they are best case scenario calculations and they may not calculate the gas fees when making payouts.
GG global lottery also claims, that they are “fully licensed and government regulated and rely on Ethereum smart contracts in order to distribute tokens in a fair manner.” On their website they also say that “Our CEO Mark Hutchinson was a member of a founding State of Lotto America, which became Powerball.”
Also, GG Global lottery is working on having the first global lottery TV show where they will announce the winning numbers and make each winner a global celebrity.
U.S. participants and a few other countries are not allowed to participate in the ICO . I’m wondering though what earnings the token holders will receive if no one wins the lottery? Either way this is an interesting project that seems to be improving the current broken lottery system where the government wins 99% of the time. Might want to keep an eye on this project.
The website is down at the moment, but should be back in a few hours: https://ico.gg.international/
Of course U.S. people aren't allowed to participate... weak.
VPN and Tor?!
Yeah, I think using both of those would work. Hopefully they relaunch the website soon.
That's a great idea!
I also can't wait until voting happens on a blockchain. That needs to happen ASAP.
Yeah, we'll have to see where this project ends up and see when voting starts. I hope they relaunch the website soon, it was still up last night.
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
Over the last 24 hours, the valuation of the crypto market has fallen from $185 billion to $181 billion, by around $4 billion.
On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $27 billion. The market extended losses throughout the past two days.
Bitcoin Cash, even with the combined value of Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC), has fallen by more than seven percent. Subsequent to the fork, the price of BCHABC, the original Bitcoin Cash chain with the roadmap set forth by bitcoincash.org, dropped by more than 15 percent to $250.
It looks great