There are many options for online gaming with cryptocurrencies, but not all of them are necessarily worth checking out. For those who want to use their bitcoin and other cryptocurrency assets to gamble, they need to be sure that they are playing on secure sites which are fair and not just taking them for a ride. Trueflip is a nice one that might be worth looking into if you enjoy online lotteries.
What Does Trueflip Offer?
Trueflip is an international blockchain lottery that is anonymous and transparent about its prize fund. It is a simple and elegant platform. The player chooses five numbers between one and forty-nine, then an additional number from one to twenty-six. This is not unlike the powerball lottery some of you may be familiar with, but with higher chances of winning -since the overall choice in numbers is drastically reduced-. This means it pays out about 1.3 times more often than the powerball lottery does. Filling out these tickets is quick and easy.
Another important aspect of any lottery is the ability to pay to play. Simply filling out a ticket can only ever get a player so far. Trueflip allows the player to choose between a wide variety of payment methods. Whatever payment method used is converted into Bitcoin and transferred to the Bitcoin Prize fund. This fund is completely transparent so all deposits and withdrawals are visible. This keeps players and developers honest with each other.
The drawings are daily and they run at 8:00 pm GMT. The actual drawing code is posted on their GitHub and is a really interesting piece of programming. Anyone who finds that sort of thing interesting might enjoy looking at their code. Results of the drawings are posted on their social media pages immediately after.
The breakdown of the winnings fund is very generous per drawing. The jackpot gives the whole fund, but requires that every number is guessed correctly and in the correct order. From there prizes range from a few dollars to thirty percent of the jackpot. While the odds are obviously pretty steep, this is not nearly as bad as state lotteries with fiat. The jackpot at the time of writing this is about 46 Bitcoin.
Winnings do carry a 4% fee, and there are some deductions from what you put in which go toward maintenance and promotion of the lottery.
If you are in the market for a new cyrptocurrency lottery, you may want to check out Trueflip because of their professionalism, commitment to your privacy, and focus on keeping the lottery as transparent and as fair as possible.
Trueflip’s site: https://trueflip.io/
This is a sponsored post and does not necessarily reflect the opinions held by any of The Merkle employees. This is not trading, investing, or gambling advice.