NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Luckchemy: Changing the Landscape of iGaming Industry

NewsBTC
NewsBTC
7 years ago
4 mins read
luckchemy, igaming

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Luckchemy, one of its kind, provably fair iGaming platform driven by a unique combination of off-chain cryptography and blockchain technology is looking forward to its upcoming ICO, set to begin on April 30, 2018. The team is all set to capture one of the fastest growing industries in the world i.e. the iGaming industry. Luckchemy aims to provide operators with the best, transparent and scalable solutions for a complete suite of casino and iGaming products, with the initial focus on lottery.

The Industry & Lottery Market at a Glimpse

The iGaming industry is one of the fastest growing markets in the world, with 9% growth rate a year, and reaching almost $5 trillion as annual revenue. There is a huge shortage of quality services for this growing market.

It turns out a staggering 70% of the UK’s over 18s take part in the national lottery on a regular basis, which is close to 45 million people. On top of that at least 50% of the overall population do more than once a month, and on average they buy a minimum of 3 tickets each week. Just under 1/4 of British citizens buy a scratch card at least once a month, while over 50% buy one at least once in a calendar year. 57% of the American population, 181 million people, buys at least one lottery ticket in a year.

The RMG and lottery industries are also faced with various challenges when it comes to the authenticity and fairness of the lottery providers, counterfeit lottery, and other fraudulent behavior on the operators’ part. There are also concerns about the casino games being rigged and issues while one tries to withdraw their winnings from the platform.

These issues combined with the industry’s growth potential has created the need for transparent, easy-to-use solutions.

The Online Casino Developers like Luckchemy Are Changing the Scenario

The developers have understood the players’ busy lifestyles with many different entertainment options at their disposal, so nothing less than a top-class experience is essential. This is what Luckchemy focuses.

With lottery as their initial product, Luckchemy intends to develop and publish products on the platform which is designed by anticipating interactions with many entities, including the 3rd party content provider. Luckchemy has maintained a strict discipline of using blockchain interactions only when necessary. The platform maintains provable fairness through off-chain cryptography and other technologies with minimum usage of blockchain to maximize the scalability and user-experience.

Luckchemy platform provides a wide range of functionalities covering 3 different categories:

  • Own games
  • Third party game providers
  • White Label solutions

The LUK Token

Luckchemy, the fair iGaming platform created with the use of blockchain and off-chain cryptography among other techniques is powered by LUK tokens – its own currency. Tokens grant its holders with the access to special monthly draws. The distribution of tokens goes as follows:

  • 70% goes to token sale
  • 15% is lottery funds
  • 8.85 % is private placement
  • 6.15% is going to partners

The LUK tokens come with a variety of added benefits to the users. Apart from trading them against other crypto and fiat currencies on leading exchange platforms, token holders can use it to participate in Holders’ Draw and Feedback Polls. The monthly Holders’ Draw offers a chance for the LUK token holders to win a monthly draw to earn at least 0.5% of total wagers placed on the platform over the previous month.

Also, being the preferred payment method on Luckchemy, LUK can be used to play games, receive payouts and purchase various services offered by the platform. Third-party developers can gain access to the platform’s APIs, exchange services, and other tools against LUK payments.

Access the Luckchemy MVP at – https://mvp.luckchemy.com/

To know more about the platform, its exclusive features for players and benefits for investors, and to participate in its upcoming ICO, please visit Luckchemy You can also access their White Paper or visit their Facebook, Twitter, Telegram, Medium, Instagram and LinkedIn.

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Comments 2

  1. Marco Danter says:
    7 years ago

    I do not understand what this platform is better than other gaming platforms.

    Reply
  2. Nain Black says:
    7 years ago

    I like the idea of truly autonomous smart contract games. This is like another level of fairness.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. Marco Danter says:
    7 years ago

    I do not understand what this platform is better than other gaming platforms.

    Reply
  2. Nain Black says:
    7 years ago

    I like the idea of truly autonomous smart contract games. This is like another level of fairness.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

How Cryptomus Ensures Compliance: KYC & AML In Crypto Payments

Until recently, the crypto world was associated with anonymity and freedom from government control. But the popularity of Bitcoin and...

News BTC 5 days ago

Коя криптовалута е по-вероятно да превърне инвеститорите в милионери: Solana или Ethereum?

Мечтата за забогатяване чрез криптовалути продължава да вдъхновява инвеститори по цял свят. В центъра на този дебат се намират два...

Georgi Petrov 1 week ago
Best Altcoin in 2025? SpacePay Is the Top Undervalued Pick For Long-Term Gains

Best Altcoin in 2025? SpacePay Is the Top Undervalued Pick For Long-Term Gains

The crypto market in 2025 is packed with flashy projects promising the moon, but sometimes the best opportunities hide in...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

SpacePay Takes the Lead

Best Crypto Presale in 2025: SpacePay Takes the Lead

ericdunne519 15 hours ago
SpacePay Is Solving the One Problem That Held Crypto Back for Years

SpacePay Is Solving the One Problem That Held Crypto Back for Years: Presale Is On

ericdunne519 2 days ago
Why SpacePay Is the Go-To App for Hassle-Free Crypto Payments

Why SpacePay Is the Go-To App for Hassle-Free Crypto Payments

ericdunne519 5 days ago

Premium Sponsors

Press Releases

  • Ethereum Enthusiasts Easily Earn a Stable Daily Income of...

    9 hours ago
  • Hledáte nejlepší kryptoměny k nákupu v roce 2025

    Hledáte nejlepší kryptoměny k nákupu v roce 2025? Tady...

    12 hours ago
  • Cauți cele mai bune criptomonede de cumpărat în 2025?...

    13 hours ago
  • Tražite najbolje kriptovalute za kupnju u 2025. 4 top izbora za vaš portfelj

    Tražite najbolje kriptovalute za kupnju u 2025.? 4 top...

    13 hours ago
  • 今が狙い目の割安アルトコイン特集|注目すべき銘柄をチェック!

    ...

    17 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.