Loteo -Is A Digital Automatic Lottery Platform That Uses Blockchain

farida syantic
4 min readAug 9, 2019

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The lottery industry,is one of the biggest and fastest growing industries in the real entertainment world of gambling. The gambling industry is uniquely reliable, as one of the best medium through which businesses and enterprise benefit greatly. The blockchain has evolved to greatly into becoming one of the best technology tools to be used on the lottery framework and anagram. The loteo platform is uniquely built into the construct paradigm of the blockchain technology and it’s framework generally. This construct paradigm of the Loteo structure makes it reliable and responsible in terms of gambling processes, such as placing of bets, cash withdrawals of winning and also payment processes all inclusive. In essence,the blockchain framework cuts-across all levels of users engagement and structure making it fundamentally awesome for growing for lottery marketplace. Loteo as a platform establishes the real and functional element of precision for users by its token presence. Thus, with the blockchain Etheruem ERC20 technology. The loteo stands out for gamers to enjoy when betting is done and won at all times.

The loteo platform,is all about a platform whose ideology stands strong on the precept and functionality of proper gaming or gambling as a means of entertainment through, the usage of blockchain cryptocurrency framework and functionality. Thus, in general the basic building block of the platform is the main construct of how lottery can be well harnessed into blockchain technology frameworks. Furthermore, it also stipulates how well lottery can be built upon to achieve massive acceptance, through the value reward system using cryptocurrency. In essence, loteo on its own reflects, the main course of action for users who hope,continously participate and stay fully on the part of lottery advancement. Loteo cryptocurrency project is that point of view,that establishes the right framework and foundation for lottery to grow, develop, achieve,re-model,re-define,re-strengthen,re-fashion and re-strategize in general,the functionality of users engagement on lottery as a whole.

Loteo With the challenges bedeviling the lottery sector and the rising profile of blockchain — it is compared to being as important as the internet — a few emerging digital enterprises have keyed into the enormous potential of the digital ledger. And Loteo is one of such.

What would Loteo do differently? Strategically and on paper, the concept of the startup is as enticing as it is profitable for the participants. With the transparency of the blockchain, it is no longer a centralized pattern which is seen among the conventional lottery events, and this removes the issue of a lack of trust. Players can ride their luck to the end. It is goodbye to the insurmountable odds and the associated risk that come with such. With Loteo, you no longer have to worry about the winning numbers being manipulated.

One of the strengths of the Loteo platform is that participants battle it out among themselves. With the winning number easily accessible on the blockchain, participants can be confident of beating their opponents without any external intrusion.

With Loteo putting their lottery events on the blockchain, participants don’t have their identity on the line when they win. Payments are made through smart contracts and they are secure and free of drama.

The Importance of Transparency
Any business that intends to thrive and move into mainstream adoption must, as a rule, create trust among the participants. The safest route to get to that is by operating an accountable system, of which LOTEO is already implementing the same. The implication is that players would be pleased to continue their participation, given the fact that they are assured of transacting in a safe system.

Playing on LOTEO

Players that find LOTEO viable and love to play lotteries through the platform would have to sign up for an Ethereum wallet address, which automatically serves as their lottery tickets. Players would then participate in the pool where a winner would be selected from the cross-section of participants.

LOTEO is not only safe and transparent but also makes use of a robust Random Number Generator (RNG) to enhance the credibility of the system. Winners at the end of every draw would get 75% of their earnings delivered to their Ethereum wallet address through smart contracts.

LOTEU token
This is the official token of LOTEO ecosystem. It’s OEO successfully held on eterbase exchange and it’s listed there. LOTEU is also listed on Cointiger. You can get more information about this token on Coingecko.

Play on LOTEO
The credibility of the LOTEO lottery platform is not in doubt, as users (I inclusive) have tried the lottery prospects and found them impressive. With the proposed reinvention of the global lottery industry, LOTEO, through its features, proves to be a proactive approach to improving the fortunes of lottery players in particular and the industry at large.

More Information LOTEO :

Website: https://www.playloteo.com
Telegram: https://t.me/loteomission
Twitter: https://twitter.com/loteomission
Facebook: https://twitter.com/loteomission
Instagram: https://www.instagram.com/loteomission
WhitePaper: https://www.playloteo.com/documents/loteo-wp-en.pdf

Author : cryptojozz
Wallet : 0x6AaB8a727a208e4f6783acA2BDD88CB36b18eFfc

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