Venezuelan Government Gives Its Doctors Bonuses of Petro Cryptocurrency
April 4, 2020
The Venezuelan government expresses gratitude for all its doctors fighting the coronavirus pandemic by giving them its native cryptocurrency, Petro.
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Quanta Lottery currently offers only one game — Quanta Prize Draw. How this game works is you buy a ticket that costs 1 QGT (equivalent of £1) using the Quanta Game Wallet. You need to have this wallet installed on your computer or mobile device so that you can create your Quanta account. This game is designed for mobile gaming, and this is why it’s so convenient to just scan the QR code to buy tickets.
Quanta Prize Draw happens every Friday, so lucky winners can win prizes every week, especially if they buy more tickets, which has a maximum limit of 30 tickets. If you’re lucky enough, you can win as much as 10,000 QGT. This is the jackpot in this game, which is the amount equivalent of £10,000.
You’er correct by saying that lottery is all about luck, but what you can be sure of is that the results are fair and transparent. This is thanks to Randao and blockchain technology. Quanta defines it as “the process for creating the truly random number used in the Quanta lottery”. Then all the results are available on the Ethereum blockchain, and this means anyone can validate the fairness of every draw.
Other than Quanta Prize Draw, a new game will soon open as the 6/49 Lotto is already previewed on the website. Another game — 5/45 Lotto — is also listed on the terms but not yet previewed elsewhere on the site. It would be exciting to see and play more games here.
First things first, Quanta Lottery doesn’t work with any fiat money or crypto except for ETH. Then you use convert your ETH to QGT, which you will use for purchasing tickets. If you don’t have any ETH yet, then you’d better get an Ethereum wallet and buy some ETH. Likewise, make sure you have the Quanta Game Wallet installed on your smartphone, tablet, or computer.
You can transfer any amount of ETH to your Quanta Game Wallet. Just keep in mind that 1 lottery ticket costs 1 QGT, and that the value of 1 QGT is equivalent to £1. When it comes to depositing QGT, however, your limits depend on your KYC verification level:
Your KYC verification level is crucial to your withdrawal abilities. This is why you need to comply with Quanta Lottery’s KYC requirements to cash out your wins. Here are the withdrawal limits:
It’s easy to love Quanta Lottery because it runs on the Ethereum blockchain, its games are provably fair, and it makes betting convenient. But at the same time, its being a blockchain game can be a factor against player adoption. This area, however, has been taken good care of the Quanta team because it provides potential players with easy-to-use guides and materials to embrace Ethereum and blockchain gaming. Add to these reasons the fact that Quanta Prize Draw and the future games are promising. Crypto players, however, may not like the lack of anonymity on board (but this is in exchange of the security provided by the Isle of Man gambling license). As soon as Quanta Lottery opens its doors for players outside Isle of Man, be sure to buy lottery tickets and get your chance to win the jackpot.