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Online Crypto Lotteries are Unregulated — GG World Lottery is Different

Bitcoinist

Bitcoinist | Feb 15, 2019 | 06:00

GG World Sponsored Article

Online Crypto Lotteries are Unregulated — GG World Lottery is Different

Bitcoinist

Bitcoinist | Feb 15, 2019 | 06:00


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The global lottery industry represents a multi-billion market and continues to grow. However, most of the online crypto lotteries face a barrage of different hurdles, ranging from a complete lack of transparency of the drawing processes and questionable auditing practices. GG World Lottery is different. Placing all cards on the table, the project brings unparalleled verifiability and certified trust.


Existing Problems and the Need to Overcome

The majority of countries currently run private or government-backed lotteries. These continue to grow in popularity, especially in emerging markets. One visible trend, however, is that the majority of legacy lotteries see stagnation or even a drop in their revenues as they fail to adopt emerging technologies.

Mature lotteries introduce new products regularly, which should, in theory, bring diversification and further user engagement. In reality, however, they face a fairly disturbing trend, which is more of a demographic one – millennials are purchasing tickets at a visibly lower rate compared to previous generations.

This is because legacy lotteries, in their majority, fail to adopt new technologies. Millennials are relying more on their mobile devices and technology to be informed and engaged, while legacy lotteries are very slow to react.

Additionally, there’s a notable concern regarding the lack of clear and transparent auditability, verifiability, and overall trust within different aspects of the lottery industry. This problem is particularly emphasized when it comes to the drawing process.

What’s the Solution?

GG World Lottery enters a market in a desperate need of disruption. In order to enhance existing solutions and provide a fresh perspective for the growing base of lottery players, the project undertakes a modern approach.

GG World Lotteries are entirely online and mobile-friendly. This allows users to purchase tickets and to access the lotteries regardless of their current location. More importantly, it takes away the need to visit any physical lottery ticket-selling venues, which is what millennials struggle with.

In addition, all the lotteries run by GG International are government-regulated in the countries they operate. This guarantees compliance, security, and regulatory oversight to further ensure the player’s peace of mind.

Certified Trust

In a more recent development, GG International acquired a certification from Global Laboratories International (GLI).

The latter is an independent entity, accredited through ISO 17025:2005 and ISO 17065:2012. It works to verify the technical compliance of third parties and makes sure they adhere to the highest industry standards. GLI is trusted by 475 jurisdictions spread across the world.

The fact that GG International, the company behind GG World Lotteries, acquired the certificate means that the games run on their platform are safe not only for the player but for the operator as well.

The document signals that the True Random Number Generator used by GG World is a reliable technology which guarantees the fairness of the draws and that they happen as per the quantum physics principles for true randomness. The blockchain layer, on the other hand, upon which the TRNG is built, allows for complete and unparalleled transparency and verifiability of the processes.

Three Weeks Until the End of the Public Sale

With about three weeks left until the end of the public sale, users still have a chance to participate in the GG World Project.

This brings an array of perks. For once, each token holder will get to build up a passive string of income.

This is possible because by becoming a token holder, the user is automatically entitled to a lifetime revenue share based on each Jackpot ever won on GG World Lotteries. Put simply, when someone wins the Jackpot, every token holder will receive his share. The dividends are paid quarterly and the more tokens one holds, the larger his piece of the distribution will be.

You can find out more about the project and take part in the security token offering on the official website.

You can also stay tuned on the project’s Facebook and Twitter page or join the live Telegram group if you have any questions.

What do you think about GG World Lottery? Don’t hesitate to let us know in the comments below!


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