Online lotteries have proven to be immensely popular. But, many of the lotteries that are available restrict who can play the game to certain countries or continents.
Cryptocurrencies do not face the same geographical restrictions. Players can participate as easily in one country, as another.
This means a huge amount of opportunity for blockchain startups that are able to develop a popular cryptocurrency based lottery game.
That’s an opportunity that the blockchain startup Fairgrounds wants to take advantage of.
Fairgrounds is establishing a set of provably fair Ethereum based games. These games will start with a raffle, with subsequent games to follow the token sale.
Browser Based Gameplay
The Fairground games will be accessible via a browser or browser extension that can interact with the Ethereum blockchain. this includes the Metamask extension for the Chrome browser and the Mist browser.
Rewards For FGD Token Holders
In order to participate in the the Fairgrounds games, players will be able to use ETH or FGR (Fairground Reward Token).
A second token is being issued as part of the token sale which is the Fairground Token (FGD). This second token denotes the right to a share in the profits that are earned from the house advantage. The fees charged for the running the game, will be sent to a smart contract, which will allocated them to FGD token holders on a proportional basis each month.
Key Details of the Fairground (FGD) Token Sale
Total number of FGD Tokens: 100 million FGD
Total number of FGD Tokens for sale: 50 million FGD
Token sale start date: February 7th 2018
Token sale end date: April 11th 2018
Exchange rate: 1 ETH = 10000 FGD, with the exchange rate decreasing every week
Fairgrounds Website: https://fairgrounds.bet/#/tokensale
Fairgrounds Whitepaper: https://fairgrounds.bet/files/fairgrounds_whitepaper_0.9.5.pdf
Fairgrounds Profit Sharing: https://fairgrounds.bet/#/profit