[ANN] Luckchemy - provably fair online gambling platform

[Blockchain kitty]

Recently there has been a Enormous growth of blockchain market. Where it leads? What awaits us in the future?

A study by SuperData Research found that mobile iGaming was up 75% year-over-year, and that it now accounted for over 25% of all iGaming. It is expected that revenues from the online iGaming market will exceed $ 68 million by 2026.

These data are verified by the results of ICOs. According to the cryptotraders magazine Autonomous NEXT, for the first two months of 2018 iGaming projects attracte

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[NatalieVishneva]

Talking about iGaming’s structure, we mention that it differs through online and offline projects. In offline projects, casinos (37%) and lotteries (31%) are most popular. In online projects, 51% of all amount are sports bets. The casino takes second place with 30%, the lottery — third with 13%.

The reasons for lower indicators are the users’ distrust of the program’s algorithms, as well as the legislative and technical difficulties with obtaining the winnings.

[turenkopolina1992]

Talking about iGaming’s structure, we mention that it differs through online and offline projects. In offline projects, casinos (37%) and lotteries (31%) are most popular. In online projects, 51% of all amount are sports bets. The casino takes second place with 30%, the lottery — third with 13%.

The reasons for lower indicators are the users’ distrust of the program’s algorithms, as well as the legislative and technical difficulties with obtaining the winnings.

I personally came across cases when I could not get a win just because the casino did not want to contact the laws  of my country.

Yes, there are a lot of unpleasant moments through insufficient and thoroughly thought out technical issues!

[Apple4myCat]

Luckchemy has been designed and developed to maintain a strict discipline of using blockchain interactions only when absolutely necessary.

[CryptoSpase]

What will I have advantages as an owner of LUK tokens?

[CryptoLifeEase]

What will I have advantages as an owner of LUK tokens?

Users can use LUK tokens to play games on platform. Users automatically selected to participate in Holders’ Draw lottery.

[Blockchain kitty]

What will I have advantages as an owner of LUK tokens?

LUK holders will be involved in a monthly draw, funded by a minimum of 0.5% of wagers placed on the platform during the previous month.

[ray_saeed]

"Unlike most projects that go to the ICO, Luckchemy games are based on Ethereum blockchain technology. "  - please explain. Most ICOs are now based on Ethereum, including those in gambling. Did I get it wrong?

[NatalieVishneva]

Hi guys, I would like to discuss one of the issues that concern me. Why invest in tokens released on ISO?

By purchasing tokens issued by the project, investors expect:
Get the benefit of reselling the tokens at a higher price in the future (assuming that they will be in high demand - for example, because the project will "fire").
Use your coupons in the future, having received (as expected) services at a lower price.
To support an interesting project for yourself.

[turenkopolina1992]

If the ICO is another model of crowdfinding, how can you be sure that I will not be deceived?

There are absolutely no laws governing the conduct of the ICO - in any country in the world. ICO by the buyer is a transaction based on trust.

[Apple4myCat]

If the ICO is another model of crowdfinding, how can you be sure that I will not be deceived?

There are absolutely no laws governing the conduct of the ICO - in any country in the world. ICO by the buyer is a transaction based on trust.

As with crowd crowding, the project may not survive to the stage of product appearance, or, having appeared, can become a complete disappointment for you.

Sometimes, some enterprising cheaters can simply deceive you by having an ICO for a project they did not intend to develop.

[CryptoSpase]

Projects that have only a website and a business model sketched on their knees have attracted several million dollars in a matter of hours or days - while many really working prospective projects with cash flows and customers can not attract similar amounts.

[CryptoLifeEase]

So what should be a diligent project, your opinion? What are the points that developers need to understand for ICO to succeed?

[NatalieVishneva]

So what should be a diligent project, your opinion? What are the points that developers need to understand for ICO to succeed?

Implement a test version of its own protocol before ICO. So that the interested person can see for sure what they are dealing with and whether it is worth continuing.

[turenkopolina1992]

So what should be a diligent project, your opinion? What are the points that developers need to understand for ICO to succeed?

Go to the ICO with a clear understanding of how much you need to attract.
The founding team must own between 10% and 50% of all tokens and should not exchange them during the first three years of operation.

[Apple4myCat]

So what should be a diligent project, your opinion? What are the points that developers need to understand for ICO to succeed?

A good tone is also the disclosure of the personalities of key project participants (at least a part of them, as a rule, are active participants in the crypto-currency community), and none of any meaningful ICOs is complete without a published description of the idea, a business plan for the development of the project and the publication of expert evaluations.

[Blockchain kitty]

So what should be a diligent project, your opinion? What are the points that developers need to understand for ICO to succeed?

Prove to potential investors the validity of the ICO and the soundness of issuing their own crypto currency.

[CryptoLifeEase]

The vast majority of projects collect depositors under their banner under the slogan "X will create a decentralized Y". Is there an advantage in decentralizing this service or tool, what is it, whether the company will be able to compete with its centralized counterparts, gaining momentum - this is probably the most important questions that future buyers of tokens should ask themselves on the ICO.

[DrearyUrbanite]

"Unlike most projects that go to the ICO, Luckchemy games are based on Ethereum blockchain technology. "  - please explain. Most ICOs are now based on Ethereum, including those in gambling. Did I get it wrong?

I think it's about the quality of the smart contract and its presence. In addition, there are different blockchain. Some companies make their own blockchaine, which is no different from a centralized database, they are simply shouting loudly about the new technology, but in reality they are dummy.
Luckchamy has a standard Ether blockchain. What it should be like

Private blockchains can be a superior solution, but it is not what blockchain evangelists imply when they talk about blockchain and decentralized systems.

[Blockchain kitty]

What is ICO and why do it? It is important for me to know your opinions!