Introduction

This light paper explores the use cases, technical details, and intrinsic value of the innovative Lucky Token (LUT). Bridging the gap between online sports betting and cryptocurrency, LUT plays a supporting role in the emerging Bitgame ecosystem. This light paper will also explore some of the key insights that lead to the development of LUT and explain why LUT will be leading the future of this exciting industry.

Having been involved in the iGaming and Sports industry for over ten years, Bitgame currently legally operates in more than 100 countries and is actively exploring even wider coverage. At Bitgame, our goal is to combine conventional sports and parlor games with blockchain using asymmetrical encryption, distributed data storage, token economics, and other positive properties of blockchain technology, providing our users with an open, secure, and mutually beneficial digital token entertainment platform.

Bitgame is a professional blockchain sports & iGaming platform that supports more than 20 cryptocurrencies including BTC, ETH, BNB, and USDT, and is available in English, Japanese, Korean, and Vietnamese. Through state-of-the-art technology and a wealth of experience in the sports betting industry, the platform offers an exciting entertainment experience and an insight into the innovative Play-to-earn trend for blockchain sports.

With the constant development of international sports betting, we expect similar products to emerge on the market. The rules and systems, however, will still retain a considerate degree of centralized control by supporting platforms. We believe this is a principle issue in the development of this space and believe that blockchain technology will play a key role in the future of governance, clearance, dispute resolution, and availability.

Bitgame seeks to be the genuine solution to these centralized betting platforms by providing infrastructure for smart contracts that can resolve settlement issues and prevent match data from being tampered with; adding more credibility to the platform while reducing fees through innovative technology to enhance the overall experience of online sports betting.