Jul 26, 2018
Our goal is offering a full suite of gambling products, both separately and in collaboration with a number of partners. We strive to transmute the existing gambling paradigm into decentralized, trustful and provably fair system driven by off-chain cryptography and blockchain technology
- Classic Powerball-like lottery with a 99% payout to prize fund from ticket sales, which will attract larger audience to Luckchemy in the shortest term;
- Real money Scratchers enabling users to instantly win prizes, as well as the jackpot;
- Free-to-Play Sweepstakes giving the opportunity to win real prizes for free (based on ad monetization);
- Holder’s Draw as a unique benefit for Luckchemy investors - every month randomly chosen LUK holders will get additional wins;
- More games will be created in the nearest future: slots, bets, dice, etc.
We want to create a huge optionality for our users in the shortest term. With the backing of the industry leading partners, our users will get the opportunity to play the best gambles, all powered by LUK tokens. Also, indie developers will be entitled to place their games on the Luckchemy platform.
White Label products will allow famous brands to use our range of provably fair blockchain-based games under their brands’ names. We’ll handle all the steps, from development to licensing and payment processing. As a result, we’ll spread a strong and wide network of our products around the globe and expand the audience of Luckchemy games.
Daily Lottery - Magnum Opus
Luckchemy will generate a unique private server seed at the start of each daily lottery. We will publish a hash of this server seed in the information about the current draw. Tickets for the draw cannot be purchased after 9 PM GMT. Then, Luckchemy will take the first block that appears after 10 PM GMT and fits the technical requirements. A hash of this block is combined with the server seed in an algorithm to generate the 6 winning numbers for the draw. Luckchemy will publish the 6 winning numbers and the original server seed that had generated the server seed hash in order to prove fairness.
The 6 winning numbers are generated by breaking the combined hash into sequences of 4 characters, starting from the tail, and transformed into a number using NHEX base 16.
This number is then divided by a module of 47 (or 24 in the last iteration), and the remainder generates the number of the ball.
The system repeats this iteration for 5 times and discards the numbers, which are already in the set (for the golden ball, we simply use mod 24 instead of mod 47).
Holders Draw - “Luck-Elixir”
Luckchemy will take a snapshot of the LUK chain at 7 PM GMT on the last day of each month and release a hash of our selected server seed. The winners will be drawn at 7 PM GMT on the first day of every month. Luckchemy will take the first block hash that appears after 7 PM GMT that fits the technical requirements. Server seed and block hash will be further hashed together with a nonce. This will be repeated 100 times increasing the nonce by one each time from 0 - 99. These 100 hashes will then be converted into a randomized number between 0-999,999,999. This is done by breaking each of the 100 hashes into sequences of 4 characters, starting from the tail, and transformed into a number using NHEX base 16. These numbers are summed up and the resulting numbers are then divided by a module of 10. The system repeats this iteration 9 times to achieve 100 winning 9-digit numbers. Snapshot of the blockchain will then be ordered, the 100 tokens affiliated with the winning numbers are identified and the prize pool is distributed accordingly among the winning addresses. If any of the winning numbers are associated with Luckchemy’s prize pool or vesting tokens, then new numbers will be drawn via increasing nonce value until 100 valid winners are found. After the game is completed, the server will publish their server seed. Verifying the server seed corresponds to the server hash provided before the game proves that the server has not tampered with the result of the game.
Attention. There is a risk that unverified members are not actually members of the team
$12 502 274
$23 439 721
This is scalable and provably fair online gambling platform driven by a unique combination of block chain technology and off chain cryptography to provide a full suite of gaming products.
Despite the use of the current technologies in the platform operations it is likely not to generate higher returns as the industry is easily affected by the laws and regulations imposed by different states, this prevents me from investing in it.
Project strong sides: fairness in mechanics; partnership program. Project weak sides: typical set of declared games; no deep marketing research and competitors’ analysis. So our position is negative.
Luckchemy strives to transmute the existing gambling paradigm into decentralized, trustable and provably fair system. Their team is passionate about revolutionizing the gambling industry by creating engaging and memorable experiences for the players. With a sound business plan and an exciting marketing strategy, they are poised to take on the booming gambling industry.
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