{"id":2480,"date":"2022-03-05T17:04:04","date_gmt":"2022-03-05T17:04:04","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/gexan-whitepaper\/"},"modified":"2022-03-05T17:04:04","modified_gmt":"2022-03-05T17:04:04","slug":"gexan-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/gexan-whitepaper\/","title":{"rendered":"Gexan Whitepaper"},"content":{"rendered":"<div readability=\"77.178947368421\">\n<p>It happens so that people like to risk a little in order to get more. They are attracted with the probability of big winnings \u2013 sports betting, gambling, poker, \u201cone-armed bandits\u201d and of course the lottery. This is a stable market which has existed for a long time and will grow and develop further. The global lottery market is steadily increasing from $ 187 billion in 2004, up to $ 294.3 billion in 2016, showing an average growth of 4.3% per year.<\/p>\n<p>At the same time, the growing number of Internet and mobile users contributes to the rapid growth of online lotteries. The total revenue of lotteries on mobile devices in 2013 is estimated at 34 billion dollars, of which 44% \u2013 in Europe and North America. The pace of mobile technology adoption may be even faster in developing markets.<\/p>\n<p>Our mission is to create an autonomous decentralized lottery platform. We want to make fair lotteries with high level of participants\u2019 gains, as well as to minimize losses receiving the prizes.<\/p>\n<p>In the world of lotteries \u2013 one of the most popular games in the world \u2013 there exist many questions and doubts about the honesty of the prizes distribution, as well as the whole process of drawings:<\/p>\n<p>\u2013 Is the winner random?<br \/>\u2013 Is it fair to dispose of less than 40-60% of the ticket sales by lottery?<br \/>\u2013 What is the managers\u2019 fee and is such a remuneration justied?<\/p>\n<p>Moreover, these problems are getting worth due to the diculty of obtaining a prize, high commissions and taxation. With the introduction of blockchain technology, these problems have become quite solvable.<\/p>\n<p>On the Gexan platform, all stages of the draws, including the purchase of tickets, random numbers generation, distribution of the fund prize, verication of the winners are based on the technology of the distributed register. Moreover, everything is built on open source code, which will be published on Github.<\/p>\n<p> <a href=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2019\/07\/Gexan_whitepaper_ENG.pdf\" class=\"pdfemb-viewer\" data-width=\"max\" data-height=\"max\" data-toolbar=\"bottom\" data-toolbar-fixed=\"on\">Gexan_whitepaper_ENG<br \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It happens so that people like to risk a little in order to get more. They are attracted with the probability of big winnings \u2013 sports betting, gambling, poker, \u201cone-armed bandits\u201d and of course the lottery. This is a stable market which has existed for a long time and will grow and develop further. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2480","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=2480"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2480\/revisions"}],"predecessor-version":[{"id":2481,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2480\/revisions\/2481"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=2480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=2480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=2480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}