I just checked the website. So, the payment on the lottery ticket will be based on SPG token. How will winners receive their winnings? Will it be in SPG, BTC or direct fiat?
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Winners will receive their winnings in stablecoins(we use GUSD now). SPG is a token that we calculate your effort (generally, your order amount and your referral amount). And we'll pay rebate back to you after then(also in stablecoin). You can get some SPG after you place an order or referral a friend.
Thank you for your advice.
Why collect payment in bitcoin and then pay winners in your token why not the same bitcoin and if I buy a lottery ticket from your platform can I play it in another lottery sites or the ticket is mean for only your platform because you state lotteries ticket in your post.
We collect cryptocurrencies, most are stablecoins(USDT, GUSD, USDC and so on), and we pay winners stablecoins. Our token is more like a point voucher(but based on erc20). Everytime you pay an order or refer a new customer, you'll get some point. After that, 70% of our profit (from processing fee) will be allocated proportionately. It's a long-time activity, means you can get rebate day by day as long as you hold SPG token in your address.
Second question. We sell official lottery ticket. You can play the same lottery in other sites(official or third-party). But you cannot buy lottery cross-regionally online from an official site, and most of the third-party sites have a high processing fee(some of them have a 150% processing fee). So we have this plan to launch this site and make you buy lottery in crypto payments in a relatively low price.