BLOCKCHAIN FIRST TRULY LOTTERY VIA GEXAN PLATFORM.

Over the past year, the crypto sphere has evolved in ways that we could never have predicted. The speed at which Cryptocurrency and is applications are developing all around the world is stupefying, to say the least. A different race has begun, not a race for arms, but a race for use cases. Several Cryptocurrency platforms have sprung up with varying use cases as people are finding new ways to integrate blockchain technology with everyday life. From logistics and shipping uses to medicine and health and even games, betting and gambling.
Gexan have taken it upon themselves to create a platform that allows people to participate in the excitement of sports, and not only the excitement but a portion of the winnings of every match through a very simple system of sports betting. Now you can bet, have fun and earn rewards at the same time. You will also be able to gamble with probably fair odds in our gambling games as well.
SPORTS BETTING STATISTICS
The total value of the global sports betting market is difficult to estimate because of the lack of consistency in how it is regulated in some parts of the world. Betting makes up about 30 to 40 percent of the global gambling market, which also includes lotteries, casinos, poker, and other gaming.
The global gross gaming/gambling yield amounts to more than 400 billion U.S. dollars each year. Gross win from gambling represents the amount of money the gambling operation keeps from the customer’s stakes, wagers, bets, etc. less the winning paid out to the customer and before deducting operating expenses. With about one-third of the global gambling gross win, Asia is the biggest market for gambling and sports betting in particular. Probably the fastest growing segment of the industry is the online/interactive category, as the global online gambling market has grown at a consistent rate over the last few years from around 20 billion U.S. dollars in 2009 to more than 40 billion U.S. dollars by 2016.
GEXAN PLATFORM
The interaction of players, smart contract, website, blockchain nodes is presented schematically in the Figure. The key factor in this architecture is maximum security with high transaction processing speed
The Gexan platform is an online platform that caters to sports betting, gambling, poker, one-armed bandits and of course lottery. The platform is designed like a regular sports betting site but operates on the EOS blockchain. It has a very amazing User Interface that is easy to use and very responsive.
Users can sign up on the platform and start placing bets on various matches in various categories easily and without delay.
WHAT GEXAN OFFER
Our team will develop an ecosystem consisting of its own blockchain with master node functions, hybrid POW+POS consensus algorithm, GEX coins, lottery platform, smart contracts, participant wallets, Fiat site gateways, and mobile applications. Thus, we will get the following advantages over traditional online lotteries:
-The blockchain technology makes the movement of funds transparent: so it is possible to track whether, when and to what extent the payments were made.

• Smart contracts regulate the lottery system. Open source is available for anyone willing and can’t be adjusted, so the winnings cannot be tampered with.
• Costs for sales outlets, staff, distributors, printing, lottery ticket verification and more are reduced. All these costs become part of the participants ' winnings, not the profits of third parties.
• A reasonable developers’ fee, only 5% of the sold tickets amount, which is a possible budget for additional promotion of the project.
• Blockchain lottery blurs the boundaries and allows you to choose the optimal tax regime: with low or no tax rates on winnings and there are the agreements on avoidance of double taxation with most countries of the world.
  All the above-mentioned advantages will be implemented on the Gexan platform. It is an ecosystem at the interface of the most advanced technologies: - Blockchain
• Smart contracts
• Masternodes+hybrid POW+POS algorithm
• Fiat gateways on the website and in the mobile application
• internal exchange ( any currency<==GEX==>any currency)
  THE MAIN DIFFERENCE BETWEEN GEXAN LOTTERY AND OTHER TRADITIONAL LOTTERY
  Blockchain lottery
  The open source code of the random number generator
  A transparent system of awards distribution, tickets sold, etc.
  The chances of winning the jackpot are 50 times higher
  Even if desired, no one can affect the payment of winnings
  Anonymity, no need to disclose personal information
  Minimum costs for the lottery operation
  Payments of winnings are carried out instantly, without the participation of third parties.
  Traditional lottery
  A closed system of the winner selecting
  The organizing companies do not disclose this information
  Average jackpot chances are 1 to 70'000'000
  Nominees winners are possible
  The winners’ names become public
  Huge expenses on network distribution, offices, sales points.
  A personal appearance in the head offices is needed for large payments. Often there is a time limit of six months to a year.
  DISTRIBUTION OF FUNDS, PROJECT BUDGET
  Prizes to participants 85%
  Burning/marketing 10%
  Team 5%
  DISTRIBUTION OF COLLECTED FUND, BTC
  Exchanges 28%
  Marketing and promo lottery 34%
  Web site and Apps 9%
  Legal entity, license 19%
  Development of smart-conracts 10%
  For more information please follow gexan on the following social media channels
  https://gexan.io/
  https://t.me/gexanlottery
  https://discordapp.com/invite/6ndYV3b
  https://www.facebook.com/gexanlottery/
  https://twitter.com/gexan
  https://www.reddit.com/r/Gexan/
  Author: vin22
  Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1751889
  Wallet Address: 0x50976cbdD54EdC5d6e81ef100484E76DDb9aF7DF