The global lottery industry is, in reality, a very vast, multi-billion dollar market which continues to grow. Unfortunately, most of the existing traditional lotteries face a lot of different issues which span from the lack of transparency to questionable auditing practices. GG World Lottery is different. The project brings certified trust and verifiability.
What are the Problems of Existing Lotteries?
In most countries, there are government-backed and private lotteries. These are known to have increasing popularity. That’s especially true for emerging markets. However, legacy lotteries are experiencing a visible stagnation or even a reduction in their revenues. This is because they are unable to adopt emerging and modern technologies.
Most of the legacy lotteries are frequent to introduce new products. This, in theory, should bring further user engagement and diversification. In reality, however, they are facing a rather disturbing trend – millennials are not purchasing tickets at the same rate compared to previous generations.
The reason for this is fairly straightforward – legacy lotteries, or at least the majority of them, fail to adopt modern technologies. Millennials, in the meantime, are relying more on mobile devices to stay engaged and informed.
Moreover, there is a growing concern when it comes to the lack of clear and transparent auditability, as well as the verifiability and the trust, in general, within the many aspects of the lottery industry. This is especially true when it comes to the drawing process and practices.
Enters the Solution – GG World Lottery
GG World Lottery is stepping into a market which has a visible need of improvement. In order to enhance the currently existing solutions and to provide a rather fresh perspective for the continuously growing base of lottery players, the project relies on a modern approach.
GG World Lotteries are entirely mobile-friendly and online. This makes it possible for users to purchase their tickets and to participate in the lotteries, regardless of where they are currently located. What is more, though, this takes away the need to visit any physical brick-and-mortar ticket-selling venue – something millennials struggle with.
Additionally, all of the lotteries which are run by the project are government-regulated in the countries that they operate within. This is what guarantees the compliance, security, and the overall regulatory oversight that players are looking for.
Officially Certified Trust
In a fairly recent development, GG International, the company behind GG World Lottery, managed to obtain certification from Global Laboratories International (GLI).
It’s worth noting that GLI is an independent venue which is accredited through ISO 17025:2005 and ISO 17065:2012. Its purpose is to verify the technical compliance of different third parties and to guarantee that they adhere to the highest industry standards. As such, GLI is trusted by over 475 jurisdictions throughout the entire world.
The fact that GG International has managed to obtain this important certification signals that its True Random Number Generator is a reliable and secure technology which guarantees that the draws happen as per the quantum physics principles of true randomness.
The blockchain layer, on the other hand, upon which the TRNG is built, guarantees the transparency as well as the full verifiability and immutability of the processes.
Public Sale Coming to an End
Going through an STO, GG World Lottery’s project has about three weeks until the end of its public crowdsale.
This means that users still have some time to take part. By doing so, they can take advantage of quite a few benefits, one of which is the possibility to built a steady string of passive income.
Putting the user at the forefront, GG World Lottery entitles every token holder to a lifetime revenue share based on every Jackpot ever won. When some player hits the GG World Lottery, every single token holder will receive a reward based on the number of tokens he holds.
These dividends are paid quarterly and the more tokens one holds, the larger his piece of the pie 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!