It’s true that the global lottery industry represents a vast market worth billions of dollars. It’s also growing. However, the majority of the online crypto lotteries face a wide range of different challenges. They span from the lack of transparency in regulations, drawing process and auditing practices. GG World Lottery is different.
Existing Roadblocks in the Lottery Industry
In the vast majority of countries, lotteries are either government-backed or they are private. These continue to grow in popularity. That’s especially true for emerging markets.
Unfortunately, the majority of legacy lotteries see a notable stagnation or even a decrease in their revenue. That’s because they’re unable to adopt new and emerging technologies.
While they introduce new products rather regularly, mature lotteries don’t see the further engagement of their users. In fact, they start to notice that millennials, for instance, are relying more and more on their mobile devices to engage with the industry – something they don’t factor in.
Additionally, there is a growing concern regarding the lack of transparency when it comes to the drawing processes, record keeping, auditing practices, and general regulatory oversight.
That’s Where GG World Lotteries Step In
GG World Lottery enters a market which is in a desperate and visible need of improvement. In order to do so, the project provides a very fresh perspective for the growing base of lottery players by adopting emerging technologies.
All lotteries brought by the project are online-based and mobile-friendly. What this means is users can buy and participate in them through their mobile devices – they don’t have to go to any physical brick and mortar store at any point in time.
Additionally, the lotteries which are run by GG International are regulated and government-backed in the countries that they operate in. This is particularly important. It guarantees compliance, security, as well as full regulatory oversight to properly ensure the players’ peace of mind.
Visible, Certified Trust
The project also marked a very important milestone in its development. GG International, the company which is behind GG World Lottery, acquired certification from an independent testing authority – Global Laboratories International (GLI).
GLI is an ISO-accredited independent venue which works to verify the technical compliance of third parties. It also makes sure that they adhere to the highest industry standards. As such, GLI is trusted by 475 industries which are spread all across the world.
The fact that GG International managed to acquire this certificate means that the games which are run on its platform are safe for the player and for the operator as well.
The certificate also shows that the True Random Number Generator which is used by the platform is entirely reliable and it guarantees the fairness of the draws and that they happen as per the quantum physics principles for true randomness. On the other hand, the blockchain layer that the TRNG is built on provides for complete and unparalleled transparency and verifiability of the processes.
Three Weeks Until the End of the Public Sale
GG World Lottery is going through an STO and it currently has about three weeks until the end of the public sale. This means that users still have some time to benefit from becoming GG World token holders.
Each and every investor in the project will be entitled to a lifetime revenue share based on every Jackpot ever won on the platform. This means that whenever someone wins the Jackpot, all token holders are going to win with him, receiving a certain portion of the prize based on the overall number of tokens they hold.
The dividends are paid quarterly. The more tokens an investor holds, the larger their share will be.
You can find out more about the project and take part in the security token offering on the official website.
What do you think about GG World Lottery? Don’t hesitate to let us know in the comments below!