Donocle Introduction

Published in

Donocle

6 min readSep 19, 2018

DONOCLE is a Global Lottery(LOTTO) project that utilizes more than 50 kinds of Crypto coins and tokens on Blockchain based Lottery Drawing System and Transparent Lottery Prize to provide maximized Fairness.

• Lottery Business that was restricted to specific region(countries, institutions) is now enlarged to Global Business as Global Lottery

• Transparent, Trustable Decentralized Management System based on Blockchain Technology

DONOCLE LOTTERY SYSTEM

Lottery Drawing Process

• 50 kinds of Crypto coins and tokens that are available on market are paid to purchase Lottery Ticket

• 6-digits are exploited from BTC Block Nonce Value to create Lottery Number

• Total coins that are paid to purchase Lottery will be distributed to Prize Winners as per Prize ratio

2. Confirmation of Prize Money

• Lottery purchase is available until 11:30 (UTC), and it is stopped after then

• Total Prize is finally confirmed and Lottery Drawing begins depending on which rule will be applied.

[Lottery Prize Example]

[Prize Distribution Example]

3. Purchasing the Lottery

Coins that are supported by Donocle are transferre
Marks Number on indicated Coins that are transferred to Dashboard

4. Lottery Ticket Price

Price for a single ticket is fixed at 0.0001BTC and prices for corresponding AltCoins will be set in regard to the price of highly trusted Crypto Exchanges, and any Exchanges that have price gap of 5% from average price will be excluded.

[Lottery Ticket Price]

DONOCLE LOTTERY Game

How to Draw Lottery

(a) 496 GAME

Picks 6 numbers from between 1 to 49. Draw is held on every Sunday 00:00 UTC, and BTC Block Nonce Value will be exploited for Lottery Number.

Minimum Six Blocks must be created from BTC Blockchain to Draw First Prize Winner. If the First Prize Winner is not Drawn, it will be carried forward indefinitely until a First Prize Winner is Drawn.

(b) MINI LOTTO

Nonce Value of a Single Block is exploited to Draw a First Prize Winner at every 00:00 URC.

Pick Five Digit Numbers including Overlapping Numbers. If the First Prize Winner is not Drawn, it will be carried forward indefinitely until a First Prize Winner is Drawn.

2. Types of GAMES and details

(a) MINI LOTTO

• Draw : 00:00 UTC Everyday

• Lottery Drawing : Five digits starting from the right side of BTC Nonce Value, excluding the first two digits.

[Revenue Distribution Chart]

(b) SUPERBALL

• Draw : 00:00 UTC on every Sunday

• Game Rule : Draw Six Numbers from between 1 to 49 and one Bonus Number

• Lottery Drawing : 7 consecutive blocks that are created after 00:00 will be exploited for Lottery Draw, the third and fourth digits of their Nonce Value excluding the first and second digits will be used, and used numbers will be from 01 to 49. Any Blocks with overlapping numbers will be handled as invalid block. Any block with a number more than 49 will be invalid too.

Exception Handling : In case of problem occurring in Bitcoin Network so it is unable to identify the information of created Blocks for more than 24 hours, it will be carried forward to the next round.

[Revenue Distribution Chart]

DONOCLE LOTTERY Management

DONOCLE Management

• Donocle buyers can pay either Donocle Token or 50 Cryptocurrencies that are available on market to purchase the Lottery.

• Donocle chooses 50 kinds of Cryptocurrency in regard to Trading Volume and Exchanges considering their trading volume and market cap.

Users purchase our Lottery using Donocle Tokens and 50 kinds of Cryptocurrencies, so total 50 types of Crypto gather in Donocle Lottery Pool. 70% of 50 Crypto coins gathered in the Lottery Pool will be distributed to the Winners in ratio regarding the Lottery rules. Winners will receive 50 Crpyotcurrencies for Winning Prize and it is their choice whether to hold it or use it to trade on Crypto Exchanges.

The rest of the Lottery Pool will be used to manage Donocle Lottery System and for POS, and 3% out of total Lottery Pool will be sent to Donocle Donation Project. Donocle Donation will also receive 50 tokens in regard to the coin ratio of Lottery Pool, and Donation Foundation convers those tokens to money in the market or just transfer to beneficiaries.

17% of total Lottery Pool will be spent to manage Lottery System and our Company. Donocle will receive said 50 kinds of Crypto from Lottery Pool and use them for general management, marketing, system management.

2. DONOCLE POS Management

Donocle has adopted an unique Revenue Distribution System. This is the core of our seeking service and is useful in the meaning of Coin Distribution and Utilization which enables users to participate and earn profit at the same time, so we can make stable earnings without forcing Transaction Profit Model to participants.

Either DONOCLE or MIB COIN can apply POS(Proof-of-Stake). POS System works on any coin. Users just hold Donocle or MIB Coin in DONOCLE POS Web Site and wait for time.

The first Airdrop arrives 15 days after the coins are held in POS System. If the user has removed the any amount of their coin from POS, they will have to put them and wait for 15 days again for to receive that amount of Airdrop.

From the first round after 15 days, they will receive 10% of Lottery Profit in POS style. The POS participants will be distributed 50 kinds of various Cryptocurrencies through POS System.