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Gron Digital, a secure Blockchain-based open gaming platform has launched its pre-ICO (Initial Coin Offering). This gambling platform provider aims to revolutionise the gaming and betting industry by overcoming legacy issues, and protecting both player and industry from the myriad of challenges that impact on its reputation and growth.
Currently the gambling and betting market’s reputation is limping into the 21st century, held back by problems around fair competition, fair gaming, trusted service providers, random number generator and return to player percentages, and pari-mutuel betting. Gron Digital is using technology built on the Blockchain to overcome these drawbacks on a secure, transparent, auditable and fair platform for participating individuals and organisations.
“Gron Digital is a self-sustaining ecosystem that will offer casino gaming, lottery and sports betting on an open platform, designed to reinvigorate flagging player trust through cryptographically verifiable transactions that require no human intervention,” explains Tebogo Makamo, CEO of Gron Digital. Extensive research and development, as well as customer feedback has helped ensure that Gron Digital will house established and reputable gaming and betting products. “The platform places all role players within a single space that is transparent and trustworthy,” added Makamo.
The premise is simple – Gron Digital uses Smart Contracts that act as autonomous trust agents and govern all transactions. These contracts fulfil sets of predetermined conditions based on coded rules embedded within the Blockchain making them the ideal tool for both the player and the service provider. GRO is the cryptocurrency/ utility token – the casino chip, if you will – created to be used by participants in exchange for value and services on offer. All bets, wins, bonuses, incentives and rewards will be paid in GRO.
The ICO launches on 6 February 2018 with the intention of raising the equivalent of 57,000ETH, which will be allocated to software development, operations, advisors, marketing, legal fees and contingencies. Once the crowdfunding initiative succeeds and the utility tokens are issued, GRO will be listed and traded on major exchanges.
“ICOs currently have plenty of negative press surrounding them as they’ve been overdone, overworked and have often under-delivered,” adds Makamo. “However, not all ICO’s are created equal and the one developed by Gron Digital has been crafted by advisors and trusted partners with extensive gaming and betting industry experience. As a result, the platform is specifically targeted with properties built in to protect consumers, children, addictive personalities, suppliers and more.”
The Gron Digital project focuses on building the credibility of the supplier, enhancing the legitimacy of the industry and protecting both user and service provider from the impact of illegal operators. It uses the qualities that make the Blockchain such a powerful and popular tool – transparency, security and smart technology.
“Our solution is an intelligent blend of the cryptography and genius of the Blockchain with the modern demands of the gaming and betting industry, creating a space of trust, transparency and secure identity,” concludes Makamo.
Gron Digital’s platform will protect against a single point of failure, prevent the manipulation of data, protect identities and provide an open arena within which all can safely appreciate the benefits of the gaming and betting industry.
Welcome to the ultimate marriage – the old thrill of gaming and betting to the intelligent technology that protects it.