Luckchemy

Luckchemy

Created using Figma
Created using Figma

Last Update

Jul 26, 2018

LUCKCHEMY. This is scalable and provably fair online gambling platform driven by a unique combination of blockchain technology and off chain cryptography to provide a full suite of gaming products.
Crowdsale
May 22, 2018
Jul 20, 2018
100% completed
$1 137
0% hard cap completed
Hard cap 45 360 ETH
past
  • 1 LUK
    =
    0.04 USD
Pre-Sale
Apr 30, 2018
May 21, 2018
100% completed
$1 137
0% hard cap completed
Hard cap 45 360 ETH
past
  • 1 LUK
    =
    0.024 USD
Token Details
Ticker
LUK
Accepted Currencies
ETH
Additional Details
Platform
Ethereum
Company Details
Registered Country
Gibraltar

About Luckchemy

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

 

Features

Own games:

- 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.

 

3rd parties:

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:

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.

Technical Info

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.

Roadmap

  • August-October 2017

  • Project start; Research and concept development; Team formation; Technical infrastructure creation; Platform logic development
  • November-December 2017

  • Product development; Design; Client-side and server-side logic development
  • January 2017

  • RNG algorithm development; Smart contracts development
  • February 2018

  • Utility token integration; Smart contract and platform tests
  • Read More
  • March 2018

  • MVP ready; Private round of investments closing; PR and marketing campaign; Scratch cards release; Token presale
  • April 2018

  • Token sale and investments attraction; Product development and improvement; Daily Lottery, Holders Draw release; Bounty program launch
  • May-June 2018

  • Companies registration in Gibraltar and Curacao; Token listing on crypto exchanges; Acquiring Curacao license; Referral program launch; Feedback polls release
  • Q3 2018

  • Public version of a platform launch; Sweepstakes release; Players attraction; Affiliate marketing program; White Label API development
  • Q4 2018

  • White label solution; Acquiring Malta license; Acquiring partnerships; Feedback polls; Multilingual interface; New games release; Secure smart contract for payment processing; Annual report
  • Q1 2019

  • New game release; Mobile app release; Multiplayer games; Product Growth & Support; Feedback polls
  • Q2 2019

  • Launch first 3rd party content providers; Feedback polls; Billing system development; New game release; Charity incentives

Activity

Status:
Jr. Member Copper Member
LOW
Activity:
56
LOW
Merit:
0
VERY LOW
Posts:
2 052
VERY HIGH
Views:
4 704
MEDIUM
Posts:
159
MEDIUM
Followers:
7 291
HIGH
Likes:
6 976
HIGH
Rating:
4.80
VERY HIGH
Reviews:
28
LOW
Followers:
14 569
VERY HIGH
Tweets:
133
MEDIUM
Members:
22 914
VERY HIGH
Alexa
Rank:
800 188
VERY LOW
Delta:
301 435
Year commits:
4
Watchers:
7
Stars:
15
Forks:
0
Open issues:
0
Videos:
6
LOW
Subscribers:
2 924
LOW
Views:
237 201
VERY HIGH
Likes:
4 943
LOW
Dislikes:
251
MEDIUM

Participation in events

  • d10e Tokyo
  • Hilton Tokyo Bay, 1-8 Maihama, Urayasu-s...

Team

Verified 100%

Co-founder and CEO
verified
Chief Legal Officer
verified
Head of Product
verified
Co-founder and COO
verified
СTO
verified
Front-end developers TL
verified
Sr. Back-end developer
verified
SMM & Product manager
verified
Data analyst
verified
Product designer TL
verified
Senior Web developer
verified

Advisors

Verified 67%

Attention. There is a risk that unverified members are not actually members of the team

2 ICOs

$12 502 274

Advisor
verified
Advisor
verified
Advisor
verified
Advisor
verified

9 ICOs

$23 439 721

Advisor
verified

2 ICOs

$602 274

Advisor
unverified
Advisor
verified

Former members

Chief Marketing Officer
Patrick Roberts
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Luckchemy is a scalable and provably fair online gambling platform driven by a unique combination of off-chain cryptography and blockchain technology.
Chris Grove
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Blockchain-based gambling platforms represent a natural evolution for the online gambling industry.
Todd Eilers
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Advisor
Masa Suganuma
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Advisor, impressed secure platform for internet gaming.
Brad Yasar
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My role is strategic advisor.
Alex Tatarchuk
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm leader of Luckchemy team, and came up with product concept together with Alex Topchienko while we've been working on similar product.
I think our idea could make a change to the current gambling market as it would allow starting own online casinos at lower rates and would also solve problem of fairness to the igaming industry
Alex Evseev
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My role as a Chief Legal Officer of project lies is in assisting the team with a full range of legal issues which they may face.

Being the cornerstones of the project clarity and transparency are those key points which users seek constantly, therefore I believe in a bright future for Luckchemy and will highly appreciate relevant public interest to it.
Sergey Shkut
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Product owner is typically a project's key stakeholder. Part of my responsibilities is to have a vision of what my wishes to build and convey that vision to the team.
• planning, coordinating and supervising the mobile game development cycle implemented by different teams, from the concept stage to the final stage (Game design, Programming, Graphics, QA)
• communicating with Head Quarter Producers as well as development teams in other countries
• constantly controlling the game quality and the project status
Alex Topchienko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
We're glad to announce Luckchemy - the first blockchain based iGaming platform! We're inspired to make fully transparent and provably fair online games!
Sergey Riva
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As a CTO I'm responsible for a technical part of Luckchemy project. I believe it has a great potential.
Mikhail Krishtop
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm willing to bring as most value for crypto community as I can, pushing forward crypto world.
Sergey Kolesnik
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am Sr. Back-end developer
Nataliia Nikitiuk
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Great project with a huge potential! It's an honor to work with such team and this product. Luckchemy brings an iGaming industry into a definitely new stage.
Denys Onopenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Luckchemy is a unique opportunity for investors to become a part of absolutely transparent and provably fair gambling platform, offering best opportunities for each and every participant (i.e. players, third parties, white label clients and investors).
Anthony Stepovyi
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Lead designer at Luckchemy. Our team main priority is to create gaming platform with intuitive and smooth experience and good visual design.
Denis Koronets
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I work as a front, back-end developer for ICO and MVP websites.
Adam Krejcik
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Strategic adviser for LuckChemy

Last News

4.55

positive
5.0 10
ICO Profile Vision Activity Potential Product Team

Blocklancer Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

LUCK CHEMY


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.


PROS:



  • The platform enables the users to easily find their way into the gambling industry and the technologies behind the platform allows it to offer simple, easy to run and scalable solutions at lower cost

  • The platform  obtains licenses from main trusted jurisdictions  enabling it to provide full benefits through the elimination of increased taxations, licensing demands and reporting requirements enabling easy operations

  • The platform promotes secure  and faster transactions as the platform enables the users to open their own gaming website using a white label solution which has established payment system  and the white label option collects money securely

  • The LUK token which is used as a universal payment solution  doesn’t involve any fee for system operations enabling users to easily use the platform

  • The platform customizable solutions enables the customers to control the entire process as the LUK holders may provide their opinion on the platform development  and new games

  • The platforms involved team is experienced and passionate about revolutionizing the gambling industry  through the engaging  and memorable experiences for players


CONS:



  • The platform lacks a mobile application supported by Android which enables its usage in all areas

  • The LUK token is not involved in the pre-sale stage to raise funds  for the project  implementation

  • The platform white paper doesn’t properly highlight the values driven from the LUK token and  other its use with other crypto currencies


SUGGESTIONS:



  • The  experienced platform technical team should generate a mobile application supported by Android to enable its usage in all areas

  • The platform LUK token should be involved in a pre-sale stage to enable it to raise funds for the project implementation

  • The white paper should be made more simple and elaborate to enable users to easily relate the use of LUK tokens


NOTE:


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.

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