Press Release: Bitplay Club Has Announced a New Development in Its Blockchain-Based Lottery

| March 13, 2018 | 10:12 pm

Press Release: Bitplay Club Has Announced a New Development in Its Blockchain-Based Lottery

| March 13, 2018 | 10:12 pm

Bitplay Club has announced the launch of its 5-36 Provably Fair Bitcoin Lottery – as part of the company’s ambitious project to diversify its product portfolio.

The 5-36 lottery uses the same concept as was developed for the earlier 6-45 version. Participants pick the numbers of their choice before a defined closing time, and then drawing of the winning numbers starts. The formula that is already known to the players takes the hashes of recently found Bitcoin blocks, and based on them, calculates the winning numbers. This method leaves the players confident that the lottery operator has no way to influence the drawing results.

Thanks to a recent enhancement, payments for the tickets may be made not only in BTC, but in any of major altcoins. The ticket and the jackpot, however, continue to be denominated in BTC. The initial jackpot size of 0.2 BTC will accumulate over subsequent draws. Prize payments – except the jackpot – are fixed depending on how many winning numbers there are in the ticket.

The company continues to pursue its “low-price ticket” policy. For the 6-45 option, the BTC-fixed ticket price is currently 0.0001 BTC which is around 1 USD. The new 5-36 lottery ticket price is a half of that – 0.00005 ВТС. The aim of the pricing is to make the online gaming accessible for newbies, as well as for those only beginning to recognize the benefits of blockchain-based solutions.

Besides the low ticket price, other lottery features like fixed prize payments, clear drawing process, good chances to win, may also become drivers of its success.

Bitplay Club continues to monitor the online gaming market for trends and shifting customer attitudes. For this purpose, it recently posted a survey on its website. The survey results will be incorporated into the company’s strategic plans, but will also serve to make some less strategic however important customer-focused updates in the near future.

Another enhancement of the company’s website platform since the launch of its first, 6-45 lottery version, is its completed localization into the Russian language.

Bitplay Club Lottery options 5-36 and 6-45 are accessible on desktop and mobile platforms. The 5-36 option has gone online on March 12, 2018.

The 6-45 option has been available since December 8, 2017, and there have been 95 daily draws since then. The jackpot here has yet to be hit, and at March 13, 2018, it is well over 4 BTC.

About Bitplay Club

Bitplay Club, a nascent online game operator, was created by a group of blockchain champions and developers who intend to provide various game options to the general public, marketing them as 100% provably fair. The company strives to empower its customers by resolving the long standing issues of trustworthiness and transparency. The greater mission of the company is promotion of the blockchain concept, bringing knowledge and benefits of the blockchain to its clients.

For more information please visit https://bitplay.club/

 

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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