Gron Digital:place based online betting without any fraud



  • Gaming and Betting Industry

The size of online gaming and betting industry was USD $45.86 billion in 2016 and it has been rising rapidly with a valuation of USD $56.05 billion in 2018. The market obviously has a huge potential, but there are many factors that are affecting it negatively.

  1. The biggest factor is trust. The lack of trust makes people hesitant of transactions. The human involvement results in fraud and dishonesty.
  2. Deposits and withdrawal of gaming accounts are controlled by third party which results in delayed transactions. Withdrawals above a certain threshold incur fees. Involvement of third party becomes an issue of trust.
  3. Less or no competition in gaming and betting industry gives rise to monopolistic behavior. Monopolistic behavior further hurts the industry through high costs for customers, inferior products and corruption. Also, monopoly inhibits new entrants.
  4. There are many illegal operators leaving the players confused about who to trust.
  5. Many gaming products do not adhere to fair gaming practices.
The industry is in need of a platform which solves these problems and also breeds innovation.
Gron Digital is creating a solution for building the trust of the players by launching two amazing packages on the transparent platform. The first package is the Generic Player solution Package (GPSP). In this package, multiple facilities are available for the players, such as Reliable deposits and withdrawals, Fair games etc. The important quality of the fair game is the verification of the Random number generator.

The second package offered by the platform is the Specific Player solution package (SPSP). Various features of this package are operator verification, a line of credit, Low transaction cost, secure verification and Loyalty programmes etc. Existing players and operators can register and verify themselves on the platform. Player analytics and historical records of all the games played is displayed, which allows improvement in the game.
The operator is offered same services as the players. GRON provides many tools to the Distributed applications developers. They have years of experience in the gaming and betting industry. With the foundation of the blockchain technology, they are looking to make a difference in the industry. Regulatory compliance, legal affiliation and necessary requirements for operating the platform has been obtained from the competent authority.
The Gron Digital bank roll will provide the following:
  1. No any chargebacks
  2. Give Additional security
  3. Transaction costs are low
  4. Transaction turnaround times (11-15 seconds) for shorter transactions
  5. Compatibility will be provided across the gaming platforms
  6. Gives Quick reflection of withdrawals and winnings
  7. Verify the code cryptographic-ally
Funds collected at the pre-sale and ICO stages will be distributed as follows:
50% - Software development;
5% - Legal issues and finance;
15% - Operating expenses;
10% - Marketing;
15% - Advisers;
5% - Unforeseen circumstances.
The remaining 40% GRO, a maximum of 380,000,000 (Three hundred eighty million tokens), will be executed by the GROVesting.sol contract as follows:
40% - Bankroll (immediately available);
30% - Team incentives and bonuses (available after 26 weeks from the ICO end date);
15% - Founders (available 52 weeks after the end of the ICO);
15% - Founders (available 104 weeks after the end of the ICO);

Conclusion
Gaming and betting industry has progressed forward as the technology has developed in the right direction. Online gaming and betting industry are becoming the major source of revenue for the market as people are aware of the latest development on the internet. The market is estimated to be 45 billion dollars in 2016.
The platform is backed by technology and years of experience. Mismanagement of a great idea can ruin the whole project and this has been happening for decades in the industry. Players are ready for the change and this platform is a reminder that time has come for the new era. Are you ready for the online gaming and betting? Let's Play.
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