Hello everyone, today I want to introduce about a very interesting and good project that is Loteo.
Current Context
Lottery books have been around for a long time, and people go to buy paper tickets and expect fairness and luck to win the lottery. No one can guarantee this game has fair transparency. There is a lot of manipulation in a traditional lottery that creates an obstacle to a game so there is only one element of luck. and the reward they can get is less than 50% of the total amount of money the dealer makes from ticket sales. All that has changed with the launch of LOTEO.
What is LOTEO?
A Digital Automated Lottery Platform that used blockchain and smart contracts to create a fully transparent lottery, where your chances are incomparably higher compared to traditional lottery. This is the next generation of the lottery.
With the advent of the digital age, lotteries now have the option of being run as all-digital platforms that transcend national and even continental boundaries. Even more importantly, the emergence of blockchain as a commercially-viable technology for businesses has created an interesting new dynamic in the historical development of lotteries. Trust has always an essential part of successful lotteries. Customers need to be assured that the drawing is done in a transparent, fair and randomized fashion. A multitude of scandals, both recent and past, have damaged the reputation of conventional centralized lotteries.
With the Smart Contract on the Blockchain, the platform is owned by nobody, yet owned by everybody. Individuals or groups of people cannot determine who the winners will be. This is the fairest way to run a lottery. The Smart Contract Code will be publicly-viewable on GitHub and also on the Ethereum Network. Through a combination of international reach, transparency and automation, LOTEO aims to become the industry standard in the rising market for digital lotteries.
LOTEO’s TOKEN
There are two types of tokens in the LOTEO ecosystem:
- LOTUS is a utility token: You can buy lottery tickets with LOTEU and your chances of winning will be doubled. Every quarter, the company will burn 20% LOTEU used and burn until total supply is 100 milion token or when LOTEUt is accepted as a method of payment for ticket purchase.
- LOTES is a security token: When you hold LOTES you will be divided with profit with LOTEO. Now you can only purchase lots for your private funds. You cannot buy from anywhere other than Team LOTEO.
Advantages for users
Chances to Win
Chances to win are much higher than in conventional lotteries because of our mechanism.
Winner every drawing
Unlike conventional lotteries, where you need to tip the right combination of numbers and where the winner arises once a year, in LOTEO we have a winner every drawing.
Biggest slice for the winner
75% , no other competitor has the same %
Trust
By being governed by smart contracts rather than governments or private individuals, the drawing process becomes automated and trustworthy.
Transparency
Thanks to blockchain technology and using cryptocurrencies for lottery entry, LOTEO is 100% transparent and all transaction as well as prize splits can be viewed at all times, instead of traditional lotteries, where you {“don’t”} know number of attendees, prize amount, nor even if its fair nor manipulated, as there is central authority.
Broad payment methods
LOTEO feels a strong need to provide the best user experience, that our customer, especially non crypto familiar are used for, {“that’s”} why there will be integration of credit card payments as well as mobile message payments.
Speed
Thanks to blockchain technology and cryptocurrency usage Loteo is incomparably faster than traditional lotteries.
Higher chances to win
Chances to win are much higher than in conventional lotteries.
Advantages of investor
- A unique chance to buy LOTES security tokens and become part of LOTEO, receiving ETH each time the lottery is drawn.
- 20% of total prize pool are redistributed to the LOTES owners, based on how many LOTES each user has.
- Governing rights to decision making (selection of charities, major changes in business model)
- When the lottery becomes sustainable and successful, its total value grows and so will the value of LOTES
What is the price of LOTEO tickets?
The price of weekly lottery tickets is 10 EUR. A daily lottery is being prepared where the price of a single ticket will be 2 EUR.
How can I buy tickets online?
You need to open a free user account on our website to get to our dashboard where you can see the option to buy a ticket.
You can purchase tickets LOTEO weekly lottery using ETH or through a third merchant party.
Special thing is: The pool for drawing consists only of lottery tickets (based on the Ethereum addresses of the entrees) instead of drawing random numbers, therefore every drawing must have a winner.
How to check if I won?
There are various ways how you can check if you have won.
1. check your ETH balance in dashboard;
2. check the moon visitor down in dashboard;
3. visit LOTEO channel
Team
They regularly produce weekly reports on blogs about general progress, regulatory issues, affiliate marketing and affiliate programs and others. This shows professionalism and interest in users and investors of the project.
With their outstanding features, I believe Loteo will succeed.
Website Link : https://www.playloteo.com/
ANN THREAD LINK : https://bitcointalk.org/index.php?
topic=5116114
Twitter: https://twitter.com/loteomission
Telegram: https://t.me/loteomission
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My Bitcointalk username: tallylove
My Bitcointalk URL profile: https://bitcointalk.org/index.php?action=profile;u=1252517
