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About Belotto’s uniqueness and advantages
We all dream about becoming rich overnight, however, we can’t trust current lottery systems as they present plenty of inconsistencies and lack reliability. It is time for an honest lottery we can put our trust in, and Belotto has the solution. Belotto is a decentralized lottery system built on its own blockchain, created under the Hyperledger platform using Ethereum’s technology for the management of the BEL token based on the ERC-20 protocol, aiming to develop an innovative, secure and transparent global product
Why choose to win with Belotto?
Currently, there are very few lotteries that offer cryptocurrency prizes. In 2017 a Bitcoin lottery was announced, but it doesn’t use blockchain at all. This lottery can be purchased through the Lottoland website, it chooses the winning numbers based on the drawings of a traditional Spanish lottery, and they apply currency exchange extra charges at their convenience resulting in a non-transparent and prone to manipulation system. Earlier this year, a presumably transparent lottery system was released presenting a somewhat limited technology that is unable to guarantee the payment of prizes, or the safety of jackpots. They claim to offer minimum prizes of a million dollars but based on their website, jackpots amounts are lower.
How can they give assurance over a minimum jackpot amount without manipulating the results?
Is the game transparent if they are able to retain prize payout until a specific quota is reached?
Many concerns about their operation and transparency arise questioning. Other cryptocurrency based lotteries have been released but none of them being truly decentralized and most of them having turned out as frauds. There still is a huge hole in this thriving market and according to media like the “Excelsior” from Mexico, CNN, “El Confidencial”, among other sources; Lottery ticket sales have sky-rocketed in the last two years in countries like Canada, Mexico, Colombia, Argentina, Ecuador, Iraq, Russia, Philippines, El Salvador, Spain and more. On websites like Thelotter people can purchase lottery tickets from worldwide famous brands such as Mega Millions, Euro Millions, Power Ball, El Gordo, and more, becoming a clear indicator of future success for Belotto. There is currently no legislation that prevents these type of systems to operate promoting user interaction from around the globe and they have been doing it for years. Thus, a transparent and completely verifiable lottery system based on cryptocurrencies has the same possibility of entering the market without any kind of regulatory issues achieving an optimal and seamless performance.
There are hundreds of successful lotteries on the current, traditional system, and each day a new one is created or derived from existing ones. Based on the growing, widespread popularity of Bitcoin, cryptocurrencies in general, Blockchain Technology, and related topics it is evident that in a few years from now a large number of successful crypto-lotteries will exist on the market.
Belotto wants to lead from the beginning by filling the void that exists due to the lack of reliable lotteries in the crypto sphere by eliminating user disappointment caused by fake websites that exist only to trick people and give a bad name to the online gambling and lottery industry.
Finally and the most important fact, Belotto will set a new standard for upcoming new lotteries, being established as the best and largest crypto-lottery of the world Implementing a safer online gambling community for everyone, completely self-sustainable and free of scams.
To learn more about Belotto visit our website
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