LOTES & LOTEU
In 2017, ICOs took the market by storm. These ICOs have been mostly tokens with practical value and have raised over $4 Billion with a much higher estimated market potential. They have disrupted Venture Capital industry. However, in just one short year, we have seen the slowdown of the new ICO growth.
We are now experiencing the dawn of a new era for funding Blockchain startups via a more stable, regulated vehicle known as the Security Token. This new vehicle is already attracting the kind of institutional capital required for the transformational change. While the security token sets a higher bar for both companies and investors seeking to invest in our technology future, it also mitigates the speculative mania.
Herein, we outline a new dual token structure where the practical aspects of a token can be maintained to drive the blockchain-based business models, with security token holders benefitting from long term perspective.
Additionally, we describe in further detail the point behind the dual token structure and illustrate a use case of such a structure with LOTEO-the fully automated lottery platform that uses blockchain and smart contracts to become fully transparent, where your chances are incomparably higher compared to conventional lotteries.
There is no lottery or another online gambling platform that would implement token structure as LOTEO did.
There are 2tokens: The Loteo Security token (LOTES) and the Loteo Utility token (LOTEU). Security Token LOTES is a security token which is meant to be sold only in private funding round (the STO) to accredited contributors from venture capital funds. There will not be a public sale. This token grants the owner an opportunity to profit from being part of a lottery without being attendees in amount 20% of each total prize value. The LOTES are locked for 15 months, and during this time it is not possible to buy or sell them anywhere else. After the first 15 months have passed, there will be another round of the sale during which LOTEO will unlock 30% of all tokens to be sold. After selling these tokens, the token will be listed on exchanges that offer security tokens trading and fulfil criteria.
After 15 months, 20% of all security tokens will be owned by the lottery while 80% will be decentralized, preventing the lottery from being manipulated. The token also has a governing function, meaning any significant change must be achieved by consensus, and any token holder can issue a suggestion or voting.
LOTEU is a utility token that will be used for marketing purposes. When you buy an additional entry into the lottery with 100 LOTEU, you double your chances of winning the lottery. It doesn’t raise the prize, but it increases your ticket number in the pool. There will be more airdrops of this token through LOTEO’s marketing partners, and there will be many more competitions that will reward LOTEU. The LOTEU tokens will also be distributed through bounty campaigns by LOTEO’s marketing plan.
Why should you HOLD IT?
LOTEO will create 400 000 000 LOTEU tokens for marketing purposes which also includes affiliate bonuses on its platform. All tokens will be given to the COMMUNITY in multiple phases, in accordance with the Whitepaper. LOTEU is a community coin.
The utility function of LOTEU is a double increase in your chance in a draw. Basically, you can have a 20 Euro entry ticket for 10 Euros. If you miss the opportunity to receive LOTEU for free, then you also have the option of buying it, initially on the dex exchanges and later the centralized exchanges.
However, the future of LOTEU is essential. LOTEO wants to implement the coins directly as full payment options for the lottery after being listed on exchanges and getting good volume. You will have the option of playing LOTEO using LOTEU, and it will be amazing.
Not excited enough?
Another reason why you should hold it is THE BURNING of LOTEU.
On the 1st of June 2019, the LOTEO platform plans to hard launch. On the same day, the first burning process will be initiated. Every 3months, LOTEO will burn an additional 20% of all coins which will be returned to the LOTEO platform. What will happen to the remaining 80%? They will be redistributed to LOTEO users, to the top affiliate partners and as rewards for community members.
Don’t wait for a Bull run - Play for it!
Given the regulatory, government, tax and other market implications covered here, we believe a dual token structure will provide the financial support for long term visions of transformation in a safe and compliant manner for all parties involved.
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