Gron
Gron Digital Blockchain GAMING
Gron Digital will not be the first to market with the concept of enhancing fairness and trust in the gaming sector with the use of blockchain technology. However, we believe we will be first to utilise Smart Contracts across the gaming value chain in a unique way to ensure that useful data is gathered and stored which can be unearthed to provide a better understanding of the marketplace and the drivers associated with it. A Smart Contract within the Ethereum environment is a self-executing agreement which requires no user intervention, whereby the agreed terms of the contract between the parties are directly written into lines of immutable code.
A Gambling and Betting Platform where transactions are administered by cryptographically verifiable code with no human intervention. Gron Digital is a secure, transparent, auditable and fair Gaming Platform on the Blockchain. Our Smart Contracts act as an autonomous trust agent. The Platform is operated by a utility token — called GRO. The GRO is used by participants in exchange for value and services they provide. Service providers, bookmakers, casino operators, affiliates, regulators and players are a few examples of the participants within the Gron Digital eco-system.
Gron Digital has several key advantages over its competitors. The founders of Gron Digital possess the relevant expertise in the industry:
- We are a legal Licensed Manufacturer and Service Provider to the Gaming Industry;
- We have the knowledge and hands-on experience in the Gaming and Betting domain;
- We have the IT infrastructure, necessary expertise, the management and the development team required to execute a project of this nature efficiently; and
- We have the Gambling and Betting certified products used in a production environment
Operator solution
Existing operators who are looking to move to the Blockchain for the inherent benefits will still have regulations to comply with. As mentioned in the Player section above, our Smart Contracts and identity verification partners will accommodate various compliance criteria such as:
- License verification
- Tax compliance
- KYC and dispute resolution
- Credit worthiness
GRON DGITAL ECONOMICS
GRO is our utility token that will be used on the Gron Digital Platform. The utility token acts as:
- a Gaming and Betting currency;
- as a reward;
- a form of payment; and
- an incentive which powers the Gron Digital economy.
The Platform can be utilized in several ways, namely when making transactions and when providing services. At the forefront, GRO will be used as a currency. Perhaps one can think of the GRO as a casino chip. GRO utility tokens will enable individuals and organizations to play any game/s available on the Platform, to place bets with a sportsbook or play the lottery. All potential winnings will be paid out in GRO, however this is not limited to the GRO acting as a mere currency. Depending on the adopted role in the eco-system, participants will earn GRO and be rewarded for the services they provide on the Platform. The key role-players on the Platform include:
- Game and Application Developers
- RNG
- Service Providers
- Resulters
- Line-makers
- Bankroll & Risk Backers
- Scouts
- Statistics Providers
The Gron Digital Platform will be based on its GRO utility token. The GRO token is issued on demand as contribution takes place, i.e. as 0,6 GRO is swapped for either ETH, BTC or BCH, an additional 0.4 GRO is issued and allocated to Founders, Team Incentives, and Initial Bank Roll fund, thus a total of 1 GRO is issued. The maximum of 950 000 000 (Nine Hundred and Fifty million) GRO utility tokens will be issued in the Pre-ICO and ICO phases, starting on the 09/01/2018 at time 00:00 UTC. The following cryptocurrencies can be swapped for GRO:
- Bitcoin
- Ethereum
- Bitcoin Cash
60% of the issued GRO, maximum 570 000 000 (Five Hundred and Seventy million tokens), will be allocated to the Gron Digital Pre-ICO and ICO phases for public participation. Pre-ICO is scheduled to run for 28 days, followed by 4 rounds of ICO with each round lasting for up to 14 days. These tokens are issued by GRO.sol contract. After all 4 rounds (or if the ICO ceiling of 570 000 000 tokens is reached) the ICO will close. Gron Digital aims to raise 57,000 ETH in the Pre-ICO and ICO phases, the breakdown of each round is as follows:
Pre-ICO
14,000 GRO will be sold for 1 ETH, this includes the 40% bonus allocation to participants in this round. The round will run for twenty-eight days or until the ceiling is reached.
First Round
13,000 GRO will be sold for 1 ETH, this includes the 30% bonus allocation to participants in this round. The round will run for fourteen days or until the ceiling is reached.
Second Round
12,000 GRO will be sold for 1 ETH, this includes the 20% bonus allocation to participants in this round. The round will run for fourteen days or until the ceiling is reached.
Third Round
11,000 GRO will be sold for 1 ETH, this includes the 10% bonus allocation to participants in this round. The round will run for fourteen days or until the ceiling is reached.
Fourth Round
10,000 GRO will be sold for 1 ETH. This round will run for fourteen days or until the ceiling is reached.
Funds raised during Pre-ICO and ICO phases will be allocated as follows:
50% — Software Development;
5% — Legal Framework and Finance;
15% — Operations;
10% — Marketing;
15% — Advisors;
5% — Contingencies.
The remaining 40% of GRO, maximum 380 000 000 (Three Hundred and Eighty million tokens), will be handled by GROVesting.sol contract as follows:
40% — Bankroll (immediately available)
30% — Team Incentives & Bonuses (available after 26 weeks from the date the ICO ends)
15% — Founders (available after 52 weeks from the date the ICO ends)
15% — Founders (available after 104 weeks from the date the ICO ends)
More Info
Website : https://grondigital.com/
Whitepaper : https://grondigital.com/whitepaper
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