Welcome to the Future of iGaming
Imagine a world where you can trust your lottery ticket as much as you trust your trusty ol’ toaster. That’s the dream that Luckchemy, a Gibraltar-based start-up, is striving to make a reality with their blockchain lottery platform. They claim that their unique approach provides “valid randomness” and ensures games are “provably fair.” Sounds like someone is determined to change the lottery game…pun intended!
A Closer Look at Luckchemy’s Lottery Mechanics
So you’re intrigued? Here’s how it works: Luckchemy’s initial offering is a daily lottery where you pick five numbers from 1 to 47 and one extra number from 1 to 24. With Ethereum serving as the backbone of ticket sales and prize funds, it’s cryptocurrency that could pack in some serious winnings—assuming luck is on your side!
Luckchemy is not just throwing the usual lottery fare at you; they’re actually doing something intriguing with the revenue. Here’s the kicker: a whopping 99% of ticket sales go back into prize money. The remaining 1%? That splits evenly between marketing operations and a monthly draw for token holders. More LUK tokens mean more chances to win—talk about a win-win situation!
Scratch & Sniff – But Not Literally!
As if a daily lottery wasn’t enough to tempt you, in April, Luckchemy launched scratch cards! Each winning token earned through these scratchers can be exchanged for LUK tokens upon ICO completion. Think you have the luck of the Irish? Now you can find out if you do while enjoying a nostalgic childhood pastime!
Building Trust in a Distrustful World
According to research, a serious trust gap exists when it comes to online gambling. Experts suggest that while 31% of lottery activity happens offline, online participation drops to just 13%. Adam Krejcik, Luckchemy’s adviser, sums it up neatly: “Operators need to quickly establish trust with online consumers while offering a stable, entertaining and engaging product.” Sounds like a tall order, but with blockchain technology keeping things transparent, the odds might just be in everyone’s favor.
Future Game Plans and a Mobile App
Luckchemy isn’t just content with their lottery and scratch cards. They’re eyeing expansions into the realm of online poker, slots, bingo, and much more—because who doesn’t want to gamble on every possible front? Plans to launch one to two new games each quarter align with their ambitious intentions.
With a mobile free-to-play app on the way, set for release in the first quarter of 2019, Luckchemy might just be the solution for those who want a little gaming fun while waiting in line at the coffee shop. Your morning brew might just get a fun-filled upgrade!
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