LOTES is a security token which is meant to be sold only in private funding round (the STO).
Users enter the lottery by purchasing single tickets for the LOTEO weekly lottery using the Ethereum cryptocurrency, or through a third party merchant. Each Ethereum wallet address that has purchased entry is then registered as a participant in the LOTEO weekly lottery. At a later date, LOTEO will add a daily lottery governed by the same rules.
The LOTEO lottery will be executed through a smart contract that will utilize a random number generator (RNG), the code of which will be publically viewable on GitHub and Etherscan. 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.
Chances to Win
Chances to win are much higher than in conventional lotteries because of our mechanism.
By being governed by smart contracts rather than governments or private individuals, the drawing process becomes automated and trustless.
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 the number of attendees, prize amount, nor even if its fair nor manipulated, as there is central authority.
Winner Every Drawing
Unlike in classic lottery, where you need to tip right combination of numbers and the winner is once/year.
Biggest Slice For The Winner
LOTEO feels a strong need to provide the best user experience, that our customer, especially non crypto familiar, are used to, that's why there will be integration of credit card payments as well as mobile message payments.
Thanks to blockchain technology and cryptocurrency usage, Loteo is incomparably faster than traditional lotteries around the globe..
BTC, ETH, EUR
Address: Abraham de Veerstraat 9
P.O. Box 3421, Curaçao
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