TrueFlip | Gambling Lottery Blockchain Based

Hello . This time I will explain about True Flip. Lotcoin-based lottery gambling site. Right now True Flip has a lot of advantages. Check out this article to complete

What is True Flip ?

True Flip is a blockchain lottery platform by developing bitcoin and fair-proof lotteries. True Flip has a goal to create a platform that private companies, charities and even governments can set up any lottery to make all drawings fully transparent and make True Flip platforms as decentralized as possible by using Decentralized hosting and multiple data centers so that the termination is wrong
The other has no effect on the platform in general

True Flip is a raffle game like Powerball, by scrambling the raffle number you choose. The first 5 numbers are different numbers from 1 to 49 and 1 different number numbers from 1 to 26. If the number you select matches the outgoing number then you win. The advantage is the True Flip lottery is entirely based on Bitcoin and blockchain.

Mission 

Lotteries give a chance to dramatically change one’s life for the better. This chance has always drawn the attention of millions of people around the world for the past 500 years, giving them hope to improve their financial condition.

True Flip’s goal is to become the most popular and transparent blockchain lottery that belongs to international community and offers the biggest Jackpot in the world

Most of currently existing lotteries are totally centralized or even held by governments and are hardly transparent. Our mission is to build True Flip as a provably fair and decentralized lottery platform that neither any nation state, nor a single authority, nor members of our team could control.

 Lottery features

 1 . Test period

During the first 3 months after the ICO the jackpot will be limited to 200 BTC in order to test all the algorithms in the system and prevent potential loss of the whole funds due to fraudulent actions. As soon as the platform is audited to be safe, the remainder of the sum will be added.

2. Jackpot: increase and release

There are two jackpots in the True Flip lottery. Initially, they are created at the expense of funds raised during the ICO: 80% of the total funds is allocated to the jackpot, 80% of which is assigned to the jackpot. 1, and the remaining 20% ​​to the jackpot No. 2.Jackpot number 2 is a reserve in the case of winning the jackpot number 1. It is not refilled by revenue from the sale of lottery tickets.Jackpot number 1 - the main, it is played daily and is increased by selling lottery tickets.If The jackpot is not raffled in the current draw, then the funds from the current jackpot are going to increase the next. Thus, the Jackpot is growing constantly until the moment when someone wins it. The platform keeps an archive of draws with the whole history and jackpot amounts for each raffle. In case of winning jackpot 1, jackpot number 2 becomes the main one. At the same time, a new reserve jackpot is created. Revenues from the lottery tickets sales are distributed in a ratio of 80:20 to the main and reserve jackpot correspondingly.

3.Calculation

The mathematics of the lottery was developed by Felix Sidokhin.

The process of determination of the winning set has 3 stages: • Ticket sale for the current run ends 60 minutes before 8:00 p.m. (UTC); • At 8:00 p.m. (UTC), the first hash of transactions accessible for everybody on blockchain.info is taken and this hash can not be previously predicted; This hash is incorporated into the arithmetic action. The source code of the algorithm is open, and anybody can check and repeat calculations

4. Methods of depositing

True Flip platform also incorporates multiple payment methods, so every user has a chance to play the game. As True Flip wants to be an international company and its founders that not every person has Bitcoins, they decided to add multiple payment processors to the payment method in the hopes to increase the num- ber of people playing. Aside from bitcoin, these payment methods include Ether, Litecoins, Waves and other cryptocurrencies. Since True Flip just entered its beta-testing phase, the number of available currencies is limited. However, TrueFlip's dedicated development team is working on an in-house exchange to work with a range of trad- able cryptocurrencies (altcoins), like Ethereum and Litecoins.

5. Payouts of winning

Benefiting from the Bitcoin network features, when a ticket wins, the amount is instantly transferred to the users wallets under their accounts.

Further, users may:

• send Bitcoins to their personal wallets in any other system and convert Bitcoins to any currency  of their choosing
• send Bitcoins directly to the exchange services and then convert to any currency
• use True Flip account for any Bitcoin expenses (the address of your True Flip wallet is the same  as in any other system).

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