GAMBLING & BETTING OPEN PLATFORM BUILT ON THE BLOCKHAIN
“The first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better.” — Don Tapscott
Gron Digital has several key advantages over its competitors. The founders of Gron Digital possess the relevant expertise in the industry:
- We are a legal Licensed Manufacturer and Service Provider to the Gaming Industry;
- We have the knowledge and hands-on experience in the Gaming and Betting domain;
- We have the IT infrastructure, necessary expertise, the management and the development team required to execute a project of this nature efficiently; and
- We have the Gambling and Betting certified products used in a production environment.
Gron Digital is not in the learning phase. We exhibit real-world experience, as well as existing functional systems and infrastructure which are currently servicing customers and the gaming industry. Explore the following listed sites to see the foundation from which Gron Digital will be launched off:www.cdpgaming.com www.yesplay.bet www.sintez.com
There are many factors that affect the Gaming and Betting industry negatively. At the forefront, it is the issue of trust. Without trust people are hesitant to transact. Trust affects all aspects of the industry from fair games, to reputable operators, to the systems that hold customers’ deposits and manage their winnings. Current mechanisms are based on a model of human intervention and control, which provoke fraud and dishonesty. Players therefore are confronted with challenges that lead to distrust. The common industry problems will be discussed below.
Depositsa and the withdrawals When players make deposits into a gaming account, which is controlled by a third party, there are often delays that come with this. The deposits often take long to reflect or sometimes fail to reflect at all
Fair Competition A monopoly is characterized by the absence of competition. This means that monopolies can initiate high costs for consumers, inferior products, and often corrupt behavior, which forces individuals to develop a degree of distrust.
Trusted service providers An issue which is yet to be addressed is the issue of licensing. Players who visit and sign up with various service providers, may not always be able to differentiate between legal and illegal operators. This leaves players confused and deceived.
Fair Gaming Are the offered products fair? Will one be treated ethically and professionally? From a development and software providers perspective, Gaming and Betting products have not evolved significantly. Apart from the cost of development, companies must ensure that Gaming Laboratories certify their gaming products in order to conform with fair gaming practice before they enter the market.
Random Number generator and return to player precentage Another issue commonly discussed is the issue of Random Number Generator (RNG). A simple example of RNG is lotteries. Lottery participants are forced to trust that the software code or physical device generating the winning numbers is truly random
Pari mutuel Betting (pool Betting) The issue of Pari-mutuel betting differs from fixed-odds betting in that the final payout is only determined once the pool is closed, whereas in fixed-odds betting
The development of the Gron Digital platform aims to create an eco-system where transactions are administered by cryptographically verifiable code without human intervention. This creates a Gambling and Betting domain for all participants that is:
- Auditable; and
GRON DGITAL ECONOMICS
GRO is our utility token that will be used on the Gron Digital Platform. The utility token acts as:
- a Gaming and Betting currency;
- as a reward;
- a form of payment; and
- an incentive which powers the Gron Digital economy.
The Platform can be utilized in several ways, namely when making transactions and when providing services. At the forefront, GRO will be used as a currency. Perhaps one can think of the GRO as a casino chip. GRO utility tokens will enable individuals and organizations to play any game/s available on the Platform, to place bets with a sportsbook or play the lottery. All potential winnings will be paid out in GRO, however this is not limited to the GRO acting as a mere currency. Depending on the adopted role in the eco-system, participants will earn GRO and be rewarded for the services they provide on the Platform. The key role-players on the Platform include:
- Game and Application Developers;
- Service Providers;
- Bankroll & Risk Backers;
- Scouts; and
- Statistics Providers.
The Gron Digital Platform will be based on its GRO utility token. The GRO token is issued on demand as contribution takes place, i.e. as 0,6 GRO is swapped for either ETH, BTC or BCH, an additional 0.4 GRO is issued and allocated to Founders, Team Incentives, and Initial Bank Roll fund, thus a total of 1 GRO is issued. The maximum of 950 000 000 (Nine Hundred and Fifty million) GRO utility tokens will be issued in the Pre-ICO and ICO phases, starting on the 09/01/2018 at time 00:00 UTC. The following cryptocurrencies can be swapped for GRO:
- Bitcoin Cash
60% of the issued GRO, maximum 570 000 000 (Five Hundred and Seventy million tokens), will be allocated to the Gron Digital Pre-ICO and ICO phases for public participation. Pre-ICO is scheduled to run for 28 days, followed by 4 rounds of ICO with each round lasting for up to 14 days. These tokens are issued by GRO.sol contract. After all 4 rounds (or if the ICO ceiling of 570 000 000 tokens is reached) the ICO will close. Gron Digital aims to raise 57,000 ETH in the Pre-ICO and ICO phases, the breakdown of each round is as follows:
14,000 GRO will be sold for 1 ETH, this includes the 40% bonus allocation to participants in this round. The round will run for twenty-eight days or until the ceiling is reached.
13,000 GRO will be sold for 1 ETH, this includes the 30% bonus allocation to participants in this round. The round will run for fourteen days or until the ceiling is reached.
12,000 GRO will be sold for 1 ETH, this includes the 20% bonus allocation to participants in this round. The round will run for fourteen days or until the ceiling is reached.
11,000 GRO will be sold for 1 ETH, this includes the 10% bonus allocation to participants in this round. The round will run for fourteen days or until the ceiling is reached.
10,000 GRO will be sold for 1 ETH. This round will run for fourteen days or until the ceiling is reached.
Funds raised during Pre-ICO and ICO phases will be allocated as follows:
- 50% — Software Development;
- 5% — Legal Framework and Finance;
- 15% — Operations;
- 10% — Marketing;
- 15% — Advisors;
- 5% — Contingencies.
The remaining 40% of GRO, maximum 380 000 000 (Three Hundred and Eighty million tokens), will be handled by GROVesting.sol contract as follows:
- 40% — Bankroll (immediately available);
- 30% — Team Incentives & Bonuses (available after 26 weeks from the date the ICO ends);
- 15% — Founders (available after 52 weeks from the date the ICO ends);
- 15% — Founders (available after 104 weeks from the date the ICO ends).