[ANN] Gyptex Token - Universal gaming currency


New Member
Dec 27, 2018


What is Gyptex?​

Gyptex is a gaming project built on advanced blockchain and cryptography technologies. Gyptex uses all the advantages of cryptography and decentralization, making cheating technically and verifiably impossible. Gyptex offers the latest forms of these technologies implement into an online gaming and gambling platform․
Gyptex is not limited as an online casino, it’s a platform, where people can compete in various types of games. Very little commission is taken from every game, much less than in traditional online casinos. Due to our fee structure we’re a disinterested party as to who wins or loses. Although, we do hope you win!
To guarantee fairness, and the use of unpredictable random numbers, we‘ve created GYX token, solving vital issues with cryptography, randomization and decentralization. Gyptex is unique platform, providing transparency and a secure system of gaming.

Gyptex is a platform based on robust, immutable blockchain technology, absolutely transparent and accessible to anyone for public and private verification.
In the Gyptex project, the architecture and algorithms for mixing random numbers are created in a way that makes it technically impossible to manipulate the random numbers. Before each gaming session, random numbers are being registered and encrypted on the GYX token blockchain. They become open and accessible for verification after the end of the game. This makes it easy for anyone to verify the randomness of the numbers.
Gyptex is a platform based on blockchain technology, absolutely transparent and accessible to anyone for public verification. Smart contracts provide all players with instant payments, irrespective of the amount of their winnings or their location.

With GYX token we generate random numbers based on the randomization algorithm used in Bitcoin, Litecoin and other crypto-currencies. We use four sources of 32-byte sequences from GYX token's built-in functionality to generate random numbers. In other words, the random number generator in Gyptex is as reliable as Bitcoin, which has never been cracked.
One of the main advantages of blockchain is decentralization, hence the inability to modify entries on the blockchain. Once an entry’s on the blockchain it remains unchanged forever, without possibility of modification. The GYX token blockchain has several capabilities involving randomness in online games.
The usage of GYX token can serve as a universal gaming currency for all available games on the platform, facilitating the development of games in the financial sector.