Gron digital
Gron Digital
Gambling & Betting on the Blockchain
The Gron Digital Platform is one of a kind within the sector. The founders of the project are experienced industry players with solid knowledge and a ready product offering. We are not in MVP stage. Many other Gambling related projects on the Blockchain and ICO's are done for the wrong reasons. Our value proposition is to protect the consumers and maximise the profit of the Gambling and Betting industry players. We engage with Regulators and Legal Advisors. We use reputable Auditors to control public funds.
The global Gaming and Betting industry has been around for years and owing to its attractiveness and growing demand, will most probably be around for many more. Gaming and Betting is undeniably confronted with fundamental issues, affecting the industry negatively. The issue of trust stands at the forefront, as it affects all aspects of the industry from fair gaming, to reputable operators, to the systems that hold customers’ deposits and manage their winnings. Without trust people are hesitant to transact with current mechanisms, which are based on a model of human intervention that make room for fraud and dishonesty. Imagine a world where the Gaming and Betting economy is built on the Blockchain and is run by Smart Contracts. Gron Digital offers exactly that – a platform that brings the inherent benefits of trust, transparency and certainty to our economy, presenting players with an open and fair alternative to the norm.
At present, individuals and technology in the industry, have lacked the ability to solve various challenges the domain is regularly confronted with - particularly, the issue of trust and cost. Thus, parties in the industry rely on authoritative bodies and regulation to instil the trust, while costs incurred remain high for all parties. In order to overcome these concerns, Gron Digital has created a platform which caters for all role players, where they can harmoniously co-exist and share the revenues.
Gron Digital strives to realign the global Gaming and Betting market through reliable and autonomous transactions on the Blockchain. This platform will generate an economy among users, which is catered for everyone by allowing broad-based participation in the following roles: Game and Application Developers, Bankroll & Risk Backers, Service Providers, Operators, Gaming Laboratories and Certifying Authorities, Regulators and Players. Gron Digital guarantees its participants an ecosystem which is secure, transparent, autonomous, auditable and fair, as transactions are administered by cryptographically verifiable code without human intervention. The combined knowledge of our founders’ experience, as well as the existing systems they bring to the platform, assures the product’s shorter time-to-market and adaptation to the Blockchain. Gron Digital has developed tools and a framework allowing easy application development. This constructor will have modules spanning across all the services and processes which are required to run a Gaming and Betting operation. Additionally, Gron Digital provides a pool of casino, sports and lottery modules to kick-start the creation of custom applications. The GRO is our utility token that will be used on the Platform. The utility token acts as: a Gaming and Betting currency, as a reward, a form of payment and incentive which powers the Gron Digital economy. Maximum 950 000 000 (Nine Hundred and Fifty million) GRO utility tokens will be issued during the ICO. Of these tokens, 60%, which is 570 000 000 (Five Hundred and Seventy million) tokens, will be offered for public participation over 4 rounds, with each round lasting for up to 14 days. After all 4 rounds, the Gron Digital ICO will close.
Gron Digital creates a Platform which merges and connects various parties within this lucrative industry in order to ensure continuous growth and prosperity for all. The value proposition, offered to the industry through our utility tokens and Protocol, provides the industry with an all-encompassing solution to various issues faced by operators, players, developers and regulators today. The future of online Gaming and Betting has never looked so extraordinary and exciting
Problem
There are many factors that affect the game industry and gamble negatively. At the forefront, this is a matter of trust. Without trust people hesitate to transact. Trust affects all aspects of the industry from fair play, to leading operators, to systems that store customer deposits and manage their winnings. The current mechanism is based on a model of human intervention and control, which leads to cheating and dishonesty. Therefore, players are faced with challenges that cause distrust. Common industry issues will be discussed below.
Deposit and withdrawal When a player deposits into a game account, which is controlled by a third party, there is often a delay that accompanies this. Deposits often take a long time to reflect or sometimes fail to reflect at all
Fair Competition Monopoly is characterized by the absence of competition. This means that monopolies can initiate high costs for consumers, inferior products, and often corrupt behaviors, which force individuals to develop a degree of mistrust.
The trusted service provider The problem to be addressed is the issue of permissions. Players who visit and register with various service providers may not always be able to distinguish between legal and illegal operators. This makes players confused and deceived.
Fair Gaming Is the product offered fair? Will one be treated ethically and professionally? From a development and software perspective, Gaming and Betting products have not grown significantly. Regardless of development costs, companies must ensure that Gaming Laboratories declare their gaming products to conform to fair game practices before entering the market.
Random Number generator and return to player precentage Another issue that is often discussed is the issue of Random Number Generator (RNG). A simple example of RNG is a lottery. The lottery participants are forced to believe that the software code or physical device that generates the winning numbers is completely random
Betting of the mutuel (Pool betting) The Pari-mutuel betting issue differs from the fixed-odds bet since the last payment is only determined after the pool is closed, while on the fixed bet
The development of the Gron Digital platform aims to create an eco-system in which transactions are managed with codes that can be cryptographically identifiable without human intervention. This creates a Gambling and Betting domain for all participants:
- Secure;
- Transparent;
- Guaranteed;
- Autonomous;
- Can be audited; and
- Fair
GRON DGITAL ECONOMICS
GRO is our utility token that will be used on Gron Digital Platform. The utility token acts as:
- game currency and bookmakers;
- as a gift;
- form of payment; and
- an incentive that strengthens the Gron Digital economy.
Platform can be used in several ways, namely when conducting transactions and when providing services. At the forefront, GRO will be used as currency. Maybe people can think of GRO as a casino chip. GRO utility marks will allow individuals and organizations to play games available on the Platform, to place bets with sportsbooks or playing sweepstakes. All the potential wins will be paid in GRO, but this is not limited to GROs that act as mere currency. Depending on the role adopted in the eco system, participants will get GRO and be rewarded for the services they provide on the Platform. The main role players on the Platform include:
- Game and App Developers;
- RNG;
- Service provider;
- Results;
- Lineman;
- Bankroll & Risk Backers;
- Scout; and
- Statistics Provider
The Gron Digital platform will be based on its GRO utility token. GRO marks are issued on request because the contribution occurs, ie 0.6 GRO exchanged with BT, or BTC, an additional 0.4 GRO is issued and allocated to Founders, Team Incentives, and Initial Roll Bank funds, for a total of 1 GRO to be issued. A maximum of 950,000 000 (Nine Hundred and Fifty million) GRO utility tokens will be issued in the Pre-ICO and ICO phases, starting on 09/01/2018 at 00:00 UTC. The following cryptocurrencies can be exchanged for GRO:
- Bitcoin
- Etereum
- Cash Bitcoin
60% of the GRO is issued, a maximum of 570 000 000 (Five Hundred and Seventy million tokens), will be allocated to the Pre-ICO Digital and ICO Phases for public participation. Pre-ICO is scheduled to run for 28 days, followed by 4 rounds of ICO with each round lasting up to 14 days. This evidence is issued by the GRO.sol contract. After all 4 rounds (or if the ICO 570 000 000 token ceiling is reached) ICO will be closed. Gron Digital aims to increase 57,000 ETH in the Pre-ICO and ICO phases, the details of each round are as follows:
Pre-ICO:
14,000 GROs will be sold for 1 ETH, this includes a 40% bonus allocation for participants in this round. The rotation will last for twenty-eight days or until the ceiling is reached.
First round:
13,000 GRO will be sold for 1 ETH, this includes 30% bonus allocation for participants in this round. The rotation will last for fourteen days or until the ceiling is reached.
Second Round:
12,000 GRO will be sold for 1 ETH, this includes 20% bonus allocation for participants in this round. The rotation will last for fourteen days or until the ceiling is reached.
Third Round:
11,000 GRO will be sold for 1 ETH, this includes a 10% bonus allocation for participants in this round. The rotation will last for fourteen days or until the ceiling is reached.
Fourth Round:
10,000 GRO will be sold for 1 ETH. This round will last for fourteen days or until the ceiling is reached.
Funds raised during the Pre-ICO and ICO phases will be allocated as follows:
- 50% - Software Development;
- 5% - Legal and Financial Framework;
- 15% - Operation;
- 10% - Marketing;
- 15% - Counselor;
- 5% - Contingencies.
The remaining 40% of GRO, a maximum of 380,000 (Three Hundred and Eight million tokens), will be handled by the GROVesting.sol contract as follows:
- 40% - Bankroll (available soon);
- 30% - Team & Bonus Incentives (available after 26 weeks from date of ICO expiration);
- 15% - Founder (available after 52 weeks from date of ICO expiration);
- 15% - Founder (available after 104 weeks from date of ICO expires).
Team
Team
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Autor : Nisa
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