• NOW

PR: Eth888 Launches Fair Lottery Games on the ETH Blockchain

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The crypto startup ETH888 has created the most feasible and provably fair lottery games on the Ethereum blockchain where participants can play Status browser or Ethereum wallet enabled environment, with instant result generation.

At similar blockchain-based online casinos, it takes one block time – or even up to several minutes – to generate a random result. It is not only time-consuming for the players but it costs them more since the process requires significant gas consumption. The ETH888 team invested their time to research and to develop a breakthrough off-chain technology for instant random result generation that takes no more than 3 seconds, about 1/8 block time, and also saves at least 50 percent gas consumption. Beta game versions are already live in Ropsten testnet.

Based on 2017 stats, the online gambling industry’s value is standing near 51 billion USD. The team behind ETH888 strives to develop the most responsive decentralized lottery house with the highest possible transparency and reasonable House Edge. The house will be using VAN tokens for currency within the platform. 40 percent of the house profits will be distributed to the Vanil pool where VAN token holders can share a portion of the profits determined by the amount of tokens owned. The first game in the mainnet will be ready by the Q3 of 2018.

ETH888 is holding a VAN tokensale started on April 28, 2018 with a hardcap of 1,085,180 VAN tokens lasting for 4 weeks, with 4 offers against weeks, 400 / 300 / 200 / 100 VANs per Ether. Currently, 400 VANs / Ether offer will end on May 5 2018. According to ETH888, the token sale is essential to raise ETH capital for the team for backing game payouts.

Contact Email Address
Supporting Link

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Tags in this story
2017 stats, ETH888, ether, Ethereum wallet, game payouts, online casinos, random result generation, VAN, VAN tokensale, Vanil pool
PR: Liechtenstein Financial Market Authority Approves Tokenized Real Estate Investment Product

CROWDLITOKEN AG pioneers and starts distribution of a digital bond – European retail investors benefit as well For the first… read more.

PR: Bitcoin.com Wallet Joins Blockchain Consortium FIO

Bitcoin.com wallet, the official wallet of Bitcoin.com, has joined the Foundation for Interwallet Operability (FIO) in a move that will… read more.

Bitcoin.com PR

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.