Whether or not you want to play in English, Spanish or Russian, if you're looking for a blockchain lotto game, TrueFlip.io may be the place for you. I'm still attempting to get my thoughts around this everyday online lottery match . The sport is straightforward. My difficulty is the calculations on what you win is the jackpot. Well, that and it would be wonderful to understand who these people really are.
The Sport at TrueFlip.io
This can be a daily lottery which players choose 5 numbers from 1 and 49 and 1 number from 1 to 26. TrueFlip.io utilizes a random computer method to decide on the winning numbers every day. This is based on bitcoins. That's that's exactly what you win and exactly what you pay to perform. The draw takes place every day at 20:00 GMT.
TrueFlip and Winning
TrueFlip claims that 50% of the ticket costs goes to prizes together with the rest going to other expenses. That is divided up in a multiple tier prize. The remainder goes to their costs ranging from promotion. The jackpot is printed in bitcoins and I struggle to get my head around those amounts. It looks like the jackpot less commission is paid out to by them. The most recent game has a jackpot of 109.30 bitcoins which equals US$ 485,543.02 — based on their foreign exchange rate.
Access Your Friends to Play
If you're able to encourage a friend to perform , TrueFlip.io will provide you a free ticket plus 1% of any of their winnings. I figure that comes out of the other 50 percent of what people are paying.
So Who Is True Flip?
TrueFlip.io is possessed by TRUE FLIP GROUP SOCIEDAD DE RESPONSABILIDAD LIMADA, a business registered in Costa Rica. You will find a whole lot of social media links, but no real contact information except an internet form. We are talking no live chat, no telephone numbers without a snail mail address. I guess they are like bitcoin working in the ether.
Hang on — What's Blockchain?
I read up on this and after hours and several websites, I still don't get it. I believe it has to do with the simple fact that the basis of paying and winning is through an unregulated financial system i.e. bitcoins. But is that it? Me, I enjoy my money in dollars, preferably that great ole US dollar stuff.
So Why Play Here?
True Flip has this one area, underlining the way to perform . They claim here that 60-65% of the payment goes into the prize fund. That is not exactly what I read everywhere. It is anonymous so you probably can duck taxation and other items, but the jackpot does not get up to all those levels we see with Euro Millions and US Powerball. Again, the chances are better.
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