Lotteries are a very popular form of gambling, but they face a number of old problems. The state can restrict its citizens to participate in lotteries, or they can limit their choices only to state-run monopolies. Trust in conventional lottery organizers has been eroded through scandals and a lack of transparency that has existed since the beginning of the game.
LOTEO is an automatic digital lottery that is run through code instead of being run by people. The lottery will, first every week, and then every day, draw a random Ethereum address from a collection of users. The drawing will be based on a random numbering system that will have code that can be seen publicly on GitHub and also on the Ethereum Network. The winner will receive 75% of the prize pool as a prize, which will be sent to their Ethereum address.
LOTEO will not only make this form of gambling accessible to more people than before, but will also discuss trust issues because it will be executed through smart contracts, code that will be publicly visible on GitHub and also on the Ethereum Network. Through a combination of international reach, transparency and automation, LOTEO aims to become an increasing industry standard in the digital lottery.
Digital Automatic Lottery Platform that uses blockchain and smart contracts to create fully transparent lotteries, where your chances are much higher than conventional lotteries.
Trust. By being governed by smart contracts, instead of the government or private individuals, the drawing process becomes automatic
Transparent. All transactions and prizes can be seen on the blockchain at any time.
Opportunity for victory. You have the opportunity every time the lottery takes place, because you only bet against certain participants. Every game has a winner!
Opportunity to win
The opportunity to break the bank in the usual lottery is so small that it tends to zero. But in the Loteo project, the situation is a little different. Here the opportunity to win is very big and true.
If in a regular lottery, the winner depends on the combination of numbers shown, and if it does not exist, then there is no winner, then in the Loteo project, the winner will always be. And if in an ordinary lottery, you can manipulate the number of winners, then in our situation, that is not possible. In ordinary lotteries, we can wait for winners for weeks and months. In the Loteo project, the winner will be in each lottery.
Many people consider the lottery cheating. Part of this, because it is possible to manipulate the results with the help of interested parties. They may be dishonest creators. The Loteo project works on blockchain technology, which guarantees 100% integrity for participants.
Lottery habits are paid for using fiat funds. The Loteo project not only provides Fiat, but also now popular cryptocurrency, whose numbers will only increase in the future.
Speed is another advantage of Loteo. Speed is related to the draw itself and the speed of payment of prize money to the winner. Once again blockchain technology has come to save us.
No one loses
That will be an item, I will choose mainly. This is explained by the fact that each Lotes token holder will receive a small gift just to store tokens in their wallet. In the usual lottery, when we buy tickets and lose, you can forget the prize money forever. In general, winners will receive as much as 75% of the lottery collection. 20% will be distributed among token holders, regardless of whether the person has won or not. 4% is a prize from the winner to the person who invited him to the project. 1% will be given to charity.
LOTES is a security token that is intended to be sold only in private funding rounds (STO). There will be no public sales, for all investment requirements, please complete the form on the Website www.playloteo.com. This token gives the owner the opportunity to profit from being part of the lottery without being a participant in the amount of 20% of each prize value. LOTES was locked for 15 months and during this time it was impossible to buy or sell it elsewhere. After the first 15 months have passed, there will be another funding round where LOTEO will sell at least 30% of all tokens in accordance with legal and regulatory requirements. All details will be disclosed before this event. After selling this token, the token will be listed on the exchange. After 15 months, a maximum of 20% of all security tokens will be owned by the lottery while 80% will be decentralized, preventing lotteries from being manipulated. Tokens also have a government function, which means that any significant changes must be reached by consensus and holders of any tokens can issue suggestions or vote.
LOTES - LOTES Symbol
- Platform Ethereum
- Security Category
- Price 1 LOT = € 0.05
- 100,000,000 total supply
- LOTES Additional Info
- Elevator Pitch
- 20% of each winning lottery will get LOTES token holders comparable to the LOTES they have
Benefits of Participating in ICO
- Better opportunities to win than traditional lotteries
- Without trust because it is regulated by smartcontracts available online.
- There are winners in each lottery.
- The biggest iris applies to winners.
- Pre-Sales Bonuses 50%
Country of origin
Netherlands, United States
% Available for Sale
Coins Received for Payment
BTC, ETH, OTHER
ANN Thread: https://bitcointalk.org/index.php?topic=5116114