What is GEXAN?
In the world of lotteries – one of the most popular games in the world – there exist many questions and doubts about the honesty of the prizes distribution, as well as the whole process of drawings:
– Is the winner random?
– Is it fair to dispose of less than 40-60% of the ticket sales by lottery?
– What is the managers’ fee and is such a remuneration justied?
Moreover, these problems are getting worth due to the diculty of obtaining a prize, high commissions and taxation. With the introduction of blockchain technology, these problems have become quite solvable.
On the Gexan platform, all stages of the draws, including the purchase of tickets, random numbers generation, distribution of the fund prize, verication of the winners are based on the technology of the distributed register. Moreover, everything is built on open source code, which will be published on Github.