Whether you wish to play in English, Spanish or Russian, if you're looking for a blockchain lotto game, TrueFlip.io might be the location for you. I'm still trying to get my head about that daily online lottery match . The game itself is simple. My problem is that the calculations on what you really win — just how much is that the jackpot. Well, that and it would be great to know who these folks are.
The Game in TrueFlip.io
This is a lottery that players select 5 numbers from 49 and 1 and 1 number from 1 to 26. TrueFlip.io uses a random computer system to choose the winning numbers each day. This is all based on bitcoins. That is exactly what you pay to perform and that is exactly what you win. The draw takes place each day.
TrueFlip and Winning
Firstly, TrueFlip states that 50 percent of the ticket prices goes to prizes together with the remainder going to other costs. This is split up in a tier decoration. The remainder goes to their prices ranging from advertising. The jackpot is published in bitcoins and I fight to receive my head. It appears like the jackpot less 4% commission is paid out to by them. The most recent game has a jackpot of 109.30 bitcoins which equals US$ 485,543.02 — according to their exchange rate.
Get Your Friends to Play
If you're able to encourage a friend to perform with, TrueFlip.io will provide you a free ticket plus 1% of any of their winnings. I figure that comes out of the 50% of what people are paying.
So Who Is True Flip?
TrueFlip.io is owned by TRUE FLIP GROUP SOCIEDAD DE RESPONSABILIDAD LIMADA, a firm registered in Costa Rica. There are no contact information except an online form, although a bunch of media hyperlinks. We're speaking no phone numbers, no chat without any snail mail address. I guess they are like bitcoin working from the ether.
Hang on — What's Blockchain?
I ended up on this and following hours and sites, I don't get it. I think it has to do with the fact that the basis of winning and paying is through an unregulated monetary system i.e. bitcoins. However, is that it? Me, I like my money in dollars, rather that fantastic ole US dollar stuff.
So Why Play Here?
Authentic spin has this one area, underlining to playwith. They assert here that 60-65percent of the payment goes into the prize fund. That is not what I read elsewhere. So you probably can duck taxation and other items It's anonymous, but again, the jackpot doesn't get around those levels we see with US Powerball and Euro Millions. Again, the chances are better.