January 15, 2018: Bitplay Club has announced the fully functional launch of its first Provably Fair Bitcoin Lottery. The lottery uses a traditional format by enabling participants to choose numbers. The winning numbers are calculated using the hashes of recent Bitcoin blocks found on the blockchain, and a simple formula. This should remove any concerns regarding the trustworthiness of results.
The current price for the lottery ticket is around USD$1.3 which makes the lottery largely accessible to anyone willing to hit the jackpot. Results are immediately available within a few hours after the draw close which occurs daily.
Bitplay Club aspires to become a major blockchain lottery operator and is currently designing several other lottery projects. The company is confident that the blockchain will resolve the issue of lottery operator trustworthiness and lottery transparency, which will increase the number of those willing to participate.
Bitplay Club Lottery is available on desktop and mobile platforms. Both platforms were launched on December 8, 2017, so there have been 26 draws since. The jackpot has yet to be hit and at January 2, 2018, is slightly above 4 BTC.
About Bitplay Club
BitplayClub was created by a group of blockchain champions and developers who intend to provide various game options to the general public, marketing them as 100% provably fair. The greater mission of the company is the promotion of blockchain concept, bringing knowledge of the blockchain and its benefits to the clients. The company plans to design and roll out further “game of chance” products in the nearest future.
For more information please visit https://bitplay.club/