Guld Games (
gg) is a group of competitive gamers who track their results on the
GG ledger. Starting with in-person games, like friends playing Texas Hold'em,
GG will add more games and play options, including automated, provably-fair options.
Members may wager on games, and/or create in-games payments. All of these payments must be made in the
GG token to qualify for tracking in the
gg group. At any point, Guld Games group members may burn GULD to acquire
GG, or one player can send
GG to another via a transfer.
In the Lottery game, all parties place their stakes in escrow: the player's stake is equal to the
BET amount, and the dealer's stake is equal to the bet amount multiplied by the guessable range. For example, in a game where
BET = 10 and
MAX = 9, the guessable range includes
10 numbers, making the dealer's stake
100 GG. The winning party (dealer or player) receives all of the stakes.
GG is strictly peer-to-peer. In Guld Games, there is no "house". Games take place between players (in the case of Lottery, these are the dealer and the player), and in every game, the total number of
GG tokens put in by both players is exactly equal in all cases to the total number of
GG tokens paid out.