Global Gaming and Betting industry has been existing for many years with innovative technology advancements. With the penetration of blockchain technology, the industry has been taken over by a storm of capabilities to attract and engage users in multiple ways.
Website:https://grondigital.com/
The $45.86 billion industry as of 2016 is forecasted to increase up to $56.05 billion by 2018. With this rate of growth, there are a sea of issues that they face. The first and the major issues revolves around transparency and trust. Currently, the system is based on of human intervention and control, which does not effectively prevent fraud and dishonesty.
Gron is an open digital platform powered by Ethereum Blockchain Technology. They will be the first to utilise Smart Contracts across the gaming value chain in a unique manner where they have utilised trust, transparency and certainty to improve the manner in which the ecosystem functions.
The ecosystem
They are a blockchain powered platform that offers an opportunity to users to a great gambling and betting experience. They plan to do this by offering their own cryptocurrency called GRO which will b used to trade within the platform by the users. They have created predetermined rules and conditioned by which transactions between parties happen automatically.
They also offer Specific Player Solutions Package(SPSP) where they have instilled artificially intelligent database to improve online gaming service offerings across the Gron Digital marketplace. It begins with performing identity checks on all stakeholders via the blockchain technology.
In terms of verification of authenticity, they have implemented two major aspects- Random Number Generation (RNG) and Pari-mutuel Betting (Pool Betting). These are used like in lottery, where Lottery participants are forced to trust the code generated by a software or any device
The features
They offer player analytics, where they generate statistical analysis from the gaming database to understand betting patterns and behaviour. The Loyalty Programme and Incentives will benefit operators to attract and retain users within the marketplace. Their liability Insurance will secure the users accounts where they have used pooled pay-out insurance backed by fiat currencies to cover the risk.
Website:https://grondigital.com/
Initial Coin Offering (ICO)
The ICO is set to commence from 15th March 2018, where they will be issuing around 950 000 000 tokens for Sale and Pre ICO. The medium of exchange can be Ethereum (ETH), Bitcoin (BTC) or Bitcoin Cash (BCH). Pre-ICO will be held in 4 stages where the cost for the first stage is 13,000 GRO will be sold for 1 ETH, with a 30% bonus , Second round :12,000 GRO will be sold for 1 ETH, with 20% bonus, third stage: 11,000 GRO will be sold for 1 ETH, with 10% bonus and fourth would be at 1 ETH = 10,000 GRO + 4,000 GRO bonus.
Conclusion
Their USP lies in the fact that they use manpower for all their operations. The ICO seems to be very promising and their platform is already a hit amongst users. With the multiple regulations and the volatility of this industry, Gron is predicted to emerge amongst its competitors.
For more details visit
Website:https://grondigital.com/
Whitepaper:https://grondigital.com/files/whitepaper.pdf
Published by:karanj
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