GEX tickets using their video cards

Hello everyone, this new post I want to introduce about a very interesting and good project that is Gexan, and for more details, let's just go to the following discussion:

It happens so that people like to risk a little in order to get more. They are attracted with the probability of big winnings – sports betting, gambling, poker, "one-armed bandits" and of course the lottery. This is a stable market which has existed for a long time and will grow and develop further. GEXAN project main goal to provide for an market an autonomous decentralized lottery platform. We want to make fair lotteries with high level of participants’ gains, as well as to minimize losses receiving the prizes.

The last months of our work were very productive — we are ready to present you the Gexan lottery on a unique blockchain.

Our mission is to create a transparent decentralized platform for lotteries of all kinds. Thanks to properties of our blockchain, players have an opportunity to mine GEX tickets using their video cards. In addition, you can simply storage a certain amount of GEX coins on your wallets and receive additional tickets every day by using the POS algorithm. And further, having collected a sufficient number of tickets, you can install a masternode, which will bring two times more GEX coins, than the usual storage on your wallet. All these features indicate that we have created an honest and transparent lottery for our players. 85% of the amount of tickets sold is sent to the prize fund, and the rest of them is allocated for marketing and the platform development.

Gexan: It happens that people take a small risk to get more. Those who are interested in the likelihood of a big win: sports betting, betting, poker, "armed bandits" and, of course, the lottery. It is a stable market that has existed for a long time and will continue to grow and evolve. The global lottery market grew from $ 187 billion in 2004 to $ 294.3 billion in 2016, an average of 4.3% per year.At the same time, the growing number of Internet and mobile subscribers is contributing to the rapid growth of the online lottery. The total revenue lottery on mobile devices is expected to reach $ 34 billion in 2013, of which 44% is in Europe and North America.

In the world of lotteries, one of the most popular games in the world, there are many questions and doubts regarding the honesty of the awarding process and the entire image process:

Is it a random winner?

Is it only possible to throw away less than 40-60% of the lottery ticket sales?

What is the cost and remuneration of the administrator as equity?

In addition, this problem becomes more and more valuable due to the difficulty of receiving gifts, high commissions and taxes. With the introduction of blockchain technology, this problem has become very solvable. The Gexan Platform will distribute all phases of interest, including ticket purchase, random number generation, cash prize distribution, and winners' verification materials according to the technology. In addition, everything is based on the open source code released on GitHub.

What do we offer?

Our team will develop an ecosystem consisting of a masterchain blockchain, a POW + POS hybrid consensus algorithm, GEX coins, a lottery platform, intelligent contracts, wallet participants, Fiat Gateway sites and mobile applications. Therefore, we get an advantage over the traditional online lottery:

Blockchain technology makes the movement of money transparent: It can be tracked when and how much payment is made.

The intelligent contract provides for a lottery system. Open Source is available to anyone who wants it and can not be adjusted, so the victory can not be changed.

Costs for points of sale, statistics, merchants, printing, lottery ticket verification and more reduced. All these costs become part of the victory of the participants and not of a third party.

A developer with a reasonable fee, only 5% of the number of tickets sold, can be the budget for additional advertising projects.

Blockchain lotteries blur the boundaries and allow you to choose the optimal tax system: tax rates are low or absent, and there are double taxation treaties with most countries in the world.

Gexan platform

Player interaction, smart contracts, websites, and the blockchain nodes are shown schematically in Figure 3. A key factor in this is the maximum security architecture with high-speed transaction processing.

pool

The next lottery has a guaranteed winner. The draw is as follows: All participants send the desired number of tickets to the public pool to receive a smart contract that records the incoming transaction. Then the probability of each participant is calculated by the number of tickets sent to him. The more tickets a player has sent, the more likely he is to win the prize. After that, there will be a mix of all tickets and the winner will be determined randomly. The first three places took up most of the pool. Additionally, a few dozen players receive a small gift of two or three random prizes. All calculations and payments are made in THE Gex coins. Then the winners decide whether they sell them on the stock exchange or participate again in the next raffle. 5% of the total reserve go to the development team, the remaining amount is divided among the players.

Key Benefits of Investing in the Gexan Project.

Advantages: The highest return on investment is only possible in the early project phases.

Happiness: the ability to use the generated ticket to participate in the lottery.

Stability: The "burned" GEX system contributes to the stability of the currency price.

Rest: An idea that has proven itself, millions of people have played and will play in the lottery. We bring opening, increasing the payment rate, anonymity and low tax rates.

Originality: We're doing a lottery blockchain with the master knot that has no analogues.

Sufficiency: or small GEX aggregate of 21 million coins.

Guarantee: If we do not arrive at 13.45 BTC soft cap, we will issue a refund.

Confidence: Open the project team, on the right side you have experience to execute the plan. The budget is calculated and well planned. Hard cap only 117.5 BTC.

The differences with competitors.

We have a clear understanding that we are entering a new, promising and competitive market.According to the roadmap, our immediate goal is to create an MVP, build a player base and community, and then find a strategic investor to help us grow fast. This is an essential requirement.

We have identified three major advantages over other blockchain lotteries:

Fast and safe block chain that has been proven for several months. This introduces an intelligent contract, and the master node provides fast transaction speed.

85% of the tickets sold are player winnings! This is a crucial success factor, other projects reach a rate of not more than 70%. The more people who win, the more new participants will be present.

Participants will collect Master's Dates or outlets for the daily creation of new tickets. It is profitable and comfortable. Why buy a ticket every time you buy it in the right amount and get it for free? This is a unique feature of the Gexan lottery.

First Exchange Offer (IEO) Currency Name - Gexan Ticker - GEX. Premine GEX-1'480'000. Total for sale 1'000'000 GEX. The price of 1 GEX - 0.0001175 BTC. The maximum delivery - 21,000,000 GEX - will be produced within 20 years. The annual inflation (from the second year) is 918 000 GEX. The combustion per year (from the second year) was 438,000 GEX. Generate a new GEX immediately after installing the master / wallet node. The IEO will be conducted in a single step (without private sale) until the softcover insurance is collected. When the flexible lid is reached, the IEO level can not last longer than a month.

Unsold GEX products are used for marketing purposes / jackpot or for the reserve project.

Gexan job

Distribution of collected funds.

Road map

Team

Conclusion

The Gexan-Lotto Block chain must not assume the maintenance costs of the dealer network for the sale of lottery tickets. As a result, all operating costs reduced the team's ability to develop new lotteries, legal issues, and feature development. This will contribute to the rapid development of the project and a leading position in the new blockchain lottery markets.

For the latest information on the Gexan project, visit the following link: