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Gexan Blockchain Lottery Provides Opportunity to Mine Lottery Tickets

George Miller

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Gexan Blockchain Lottery Provides Opportunity to Mine Lottery Tickets
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The new Gexan blockchain lottery enters the Initial Exchange Offering at the P2PB2B.io cryptocurrency exchange on May 10, 2019.

Based on a hybrid algorithm, a combination of parameters will allow players to mine the lottery tickets by using their video cards or by investing in masternodes. This is a unique lottery concept that will appear in the market in the near future.

The Gexan team has been working on the project for more than 9 months and is ready to present the results:

  • the hybrid blockchain (POW+POS) with the ability to install masternodes
  • the first lottery 5/36 based on the Smart Contract, which operates by using the web section of the site

The blockchain algorithm (Phi-2) is not among the most popular in miners. So, GEX will benefit individual miners or small pools of them, where the power of each miner will have an essential role.

Gexan’s participants will also be able to install masternodes or just keep coins in their wallets for reception of new lottery tickets every day.

Participants can sell GEX coins received on the exchange or play the lottery with them. The Smart Contract randomly generates numbers and automatically makes payments to the winners.

According to the founder of the Gexan project, Artem Vakhrushev, “The fair lottery is possible only based on Smart Contracts. No one, not even team members, can change the rules of the game. The Smart Contract is integrated into the blockchain and remains unchanged there. However, its source code remains open and everyone can be sure in the transparency of the draw generated.”

85% of the amount of tickets sold is distributed to the prize fund. This creates an interesting precedent, as it is commonly known that usually the lottery organizers retain most of the funds receipted.

By drawing conclusions, the new concept of the lottery looks curious; the model for mining lottery tickets is something new in lotteries.

This can benefit those who invest at the IEO stage. More will be covered on this in the near future.
https://gexan.io

 

Source: Gexan Blockchain Lottery

Cryptocurrency

Kronoverse to Forge New Paths in the esports Industry Through Partnership with ESL

George Miller

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Kronoverse to Forge New Paths in the esports Industry Through Partnership with ESL
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Kronoverse Inc., today announced a partnership with the world’s largest esports company, ESL, to develop and scale Kronoverse’s upcoming CryptoFights game and the entire Kronoverse gaming platform.

“ESL knows what it takes to succeed in the ever-growing esports industry as the oldest and most successful esports company in the world,” says Adam Kling, CEO and founder of Kronoverse. “We’re confident our partnership with ESL will enable us to fully develop the Kronoverse platform. This includes everything from attracting more indie game developers to solving problems in competitive gaming such as cheating.”

ESL will serve as a strategic partner and facilitator in Kronoverse’s growth. Kronoverse was created by Kling when he recognized the power of the blockchain and how it can be used in gaming to solve problems in the gaming industry. Kronoverse seeks to elevate the esports industry through native cash tournaments, better game integrity, true item ownership, more game choices, and transparent network analytics.

As a gaming platform, Kronoverse will benefit greatly from ESL’s history of providing the best experiences for competitive players. ESL understands what it takes to put on the greatest competitions for esports athletes like hosting ESL One Cologne, the most successful CS:GO tournament in the world.

Kronoverse’s partnership with ESL opens up a new world of possibilities to forge new frontiers in the wild west of esports. This is possible thanks to ESL’s experience and dedication to competitive gaming for nearly two decades. As exemplified by building VR esports from the ground up, ESL has proven its ability to evolve with new technologies while consistently providing the best esports stages and competitions for gamers.

“We’re excited to move forward with ESL because we share the vision of creating opportunities for progression and participation in the esports industry,” said Kling of Kronoverse’s development partnership with ESL.

 

About Kronoverse

Founded in 2018, the Kronoverse platform is creating a new world of competitive gaming by combining blockchain technology with online gaming. Built on Bitcoin SV, Kronoverse is a monetization & technology platform that helps game developers thrive in the fast-growing esports industry. Kronoverse is developing unique solutions for the esports industry related to game integrity, permanent match playback, player audit trails, and player screening to create a new form of competition that makes esports more accessible for gamers around the world. In January 2020, Kronoverse completed its second round of beta testing for its first game CryptoFights, a skill-based strategy fighting game.

About ESL

ESL is the world’s largest esports company. Founded in 2000, ESL has been shaping the industry across the most popular video games with numerous online and offline esports competitions. The company operates high profile, branded international leagues and tournaments under the ESL Pro Tour including ESL One, Intel® Extreme Masters, ESL Pro League, and other premier stadium-size tournaments, to more clearly define the path from zero to hero. ESL also produces the ESL National Championships, grassroots amateur cups, and matchmaking systems, creating a world where everybody can be somebody. With offices all over the world, ESL is leading esports innovation on a global scale through the combination of global ESL competitions, amateur leagues, publisher activations, and more. ESL is a part of MTG, the leading international digital entertainment group. about.eslgaming.com

 

SOURCE Kronoverse

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Cryptocurrency

Greentube acquires majority of outstanding CashBet Coin

George Miller

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Greentube acquires majority of outstanding CashBet Coin
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Greentube, the NOVOMATIC Interactive division, has completed the acquisition of the majority of CashBet Coin’s CBC cryptocurrency and its underlying blockchain technologies.

The acquisition enables Greentube to enhance the use of cryptocurrency throughout its social gaming portfolio and follows the successful trial integration of CBC with its flagship brand GameTwist last year. The social casino, which is one of the world’s largest online gaming communities, now offers the cryptocurrency as an alternative payment method in each market it operates, allowing players to purchase Twist credits using CBC across its collection of 400+ games.

Michael Bauer, Greentube’s Chief Games Officer, said: “The acquisition of the CashbBet Coin Treasury allows us to expand the use of blockchain solutions and we are evaluating the spread across our B2C casino portfolio to enhance the customer experience. We’ve seen increasing demand from players to offer cryptocurrency as a payment option and the successful integration of CBC on GameTwist has demonstrated the benefits of the technology for social gaming.”

Ed Brennan, President at CashBet Coin, said: “This deal completes our ongoing partnership with Greentube and is testament to the technical excellence and versatility of CBC. Given the scale of the company’s social user base and operations the acquisition will further advance development of the technology. With CBC now under the control of a leader in the global iGaming industry, we look forward to establishing greater utility of the token and seeing many more integrations across Greentube’s social products and services.”

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Cryptocurrency

Facebook Rethinks Libra Cryptocurrency Plans

Niji Narayan

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Facebook Rethinks Libra Cryptocurrency Plans
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Facebook is reportedly rethinking its plans for the Libra cryptocurrency, after resistance from regulators.

It is now considering a system with digital versions of established currencies, including the dollar and the Euro. The social network’s digital wallet is now expected to launch this autumn.

Of earlier reports that it might drop Libra itself, the firm said: “Facebook remains fully committed to the project.”

Facebook announced in June last year that it would launch the Libra digital currency, with a goal of making payments easier and cheaper. Its partners in the Libra Association include Lyft, Spotify, Shopify, but several other high-profile members such as Visa left after the idea was criticised by authorities.

“The Libra Association has not altered its goal of building a regulatory compliant global payment network, and the basic design principles that support that goal have not been changed nor has the potential for this network to foster future innovation,” Dante Disparte, head of Policy and Communications at the Libra Association, said.

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