Purpose and Idea of the GenesisOne ICOThe idea with this ICO is to gradually bring on millions of users globally and we’ve identified key centers we’re going to focus on in terms of major population centers. The lottery allows us to onboard more members globally than simply another crypto-currency. So we will aggressively develop that into our core business by penetrating areas without much internet service or Smartphone owners with our team of agents who go to local Western Union/Moneygram agents to use them as affiliates who will have access to a master account from which local people can sign up for our Token and play the lottery, etc.
GenesisOne is all set to establish a global gambling platform on a multitude of various sports games globally through an app interface, virtual casino offerings through an app to play the Slots, Baccarat, Poker, Roulette, Blackjack, and Craps. At the same time, through the app offering multiple angle views of players, we’ll be able to provide Poker Tournament play with competitors worldwide.
The person in effect fills out a KYC application allowing them to become Members and thereby able to receive member exclusives such as the burnable feature for their tokens, if they are lost or stolen allowing those lost GenesisOne Tokens once properly confirmed of their loss to be destroyed and useless to whomever took/finds them. We then reissue new tokens to that person by minting them a new set. The loss must be documented and through the blockchain ledger we can assess whether the person did indeed lose them and not just performed a transaction and trying to not pay another party or something.