$LUCK — How Blockchain And Decentralization Will Change The Online-Gaming Industry
Lucky (LUCK) was created due to the inefficiencies in this industry. We saw an opportunity to combine decentralization and blockchain to create a new experience for all users. We aspire to build from the ground up on the Solana Blockchain a gateway into decentralized online gaming without the constraints of centralization.
This will be a seamless experience for all users with Lucky offering a suite of products that enables them to switch funds into support cryptocurrencies upon entering and exiting the online-gaming platform. Combining that we will use our lending protocol to reward our token holders with exclusive partnerships with other online-gaming institutions to provide a lucrative APY% that compounds daily.
Lucky is built by a team of three technical engineers who have worked in the online-gaming sector for a combined total of 26 years. We have seen the explosive growth in this industry, and we are going to create a revolution in the way you engage in online-gaming.
You can view our whitepaper here below for a more in-depth analysis of our ambitions.
lucky-token.online/whitepaper.html
Issues in this industry
The online gaming industry was a trillion-dollar industry in 2020. With this explosive growth it exposed many flaws in the industry and with these flaws we believe that the implementation of blockchain can bring this industry into the future.
Flaw #1: Timely Payouts & Disputes
Deposit and Withdrawal are always a big problem for players. Payment issues have been long-standing problems with online gambling due to legislation put on a very low transfer and deposit limit on fiat cards. There are also other situations where a lawsuit was filed against defaulters. Issues such as these are what we are positioned to eliminate from the industry with the blockchain powered online gaming.
Flaw #2: Slow & Insecure
The possible steps in the traditional online gambling systems are numerous because traditional online gambling service providers are desperately interested in getting as much information about players with less focus about the game per se. They are compelled to do this with the intention of protecting their system against unlawful intruders.
This is not so with the Lucky system that deployed the Solana’s blockchain through a smart contract with participants. Hence, there is little concern for intruders, because it is almost impossible to hack the blockchain system that is deployed through smart contracts as compared to the traditional centralized authority.
Reason for this is that the sender and the receiver have no trace of information about themselves, which makes it more like the physical exchange of cash where the participant has no evidence behind after such transaction. As a result of this, there is minimal chance of the system being hacked.
Flaw #3: Unreliable:
There are cases where the game host server shuts down and then the player would have to be left at the mercy of the host because he would have to embark on a rigorous process of ensuring a refund of his game.
But with the Lucky system, from the point where you choose your game, to the point of payment, are all based on smart contract powered by the blockchain technology. Hence in the occurrence of server issues, players would not have to be left fending for themselves.
How We Will Change This:
Lucky will introduce a platform that is trustless, borderless, secure, and fast for online gambling powered by the blockchain technology.
A Trustless platform: You don’t need to trust the system; everything is written on a smart contract. Hence you are not playing games at the mercy of the service provider, game developer, bankroll backers and the platform owners. You lose because your chances were limited, and you win simply because your chances were high and maybe depended on your experience with the game. The bottom line is that game outcomes are not due to prior knowledge or system manipulations
A Privacy-Protected Platform: You do not need to share any personal information. What you need is just a wallet.
An Anonymous Platform: You are hidden from the internet, our platform is only interested in your optimal satisfaction while placing your bets online rather than focusing on knowing your name, your favorites and so on. All we are interested in is that you place your bet, get the outcome and be rewarded.
A Reliable Platform: Thanks to Blockchain technology and our decentralized systems, you can play whenever you want and cease the worry about corruption or trusting a third party.
A Secure Platform: Gaming with Lucky is secure. This means that no one has prior knowledge or access to your online wallet. This is unlike the traditional system where details of your wallet are stored on a secure server that is not entirely free from destruction and hacking.
With the Lucky platform, you are totally responsible for your security. You own the private key to your wallet, which can be stored on your local computer or on a cloud-based server that is totally up to you.
A Transparent Platform: Everything is transparent, from the time you make your deposit, to the time when your game result will be out, you would have it recorded in a way that is immutable and visible to every person.
A Fast Platform: By choosing the Solana Blockchain to build on, we’ve created an optimized platform that ensures fast content and service delivery anytime. On the average, the chain in our block takes less than a second to process your request at any given time. By fast, we mean, it is easy to open account, get coin, and play; easy to deposit or withdraw; our blockchain is customized to execute transaction faster.
Other Key Points:
Lucky has launched on the Serum DEXs.
Raydium: dex.raydium.io/#/market/2sFhGiPxZk64d4esC3WRLCxniwsiUwk6u3Jd6NYjqkrx
Bonfida: dex.bonfida.com/#/market/2sFhGiPxZk64d4esC3WRLCxniwsiUwk6u3Jd6NYjqkrx
You can follow them on the following:
Website http://lucky-token.online
Discord http://discord.gg/yf4qZRe2
Medium http://luckytoken.medium.com
