Lottery Moving From Traditional Means to Online And Then To Blockchain

lottery offer many forms of satisfaction to the gamblers and as well as the system or company setting it up( because it is quite profitable). According to reports, the global online lottery market is expected to hit $10b by 2023, with a CAGR of about 8% from 2017-2023.

This figure shows the growing interest in this industry especially folks from European countries who are quite interested in draw-based games and scratch-off. countries such as us, UK, Sweden and China seem to be the biggest revenue generator in recent times. What pushes this big growth in lottery stems from the dreams users who participate usually have on winning life-changing cash prices. in united state alone, winners have past emerged in powerball and mega million racking in hundreds of millions of dollars.

Advantages of Playing Lottery Online

playing lottery online adds an added touch to the overall customer delight on becoming a multimillionaire Why?. because it is overall safer, faster, and simpler to buy your tickets online than visit a local store. with internet service, a pc or phone and your credit card at hand, you could buy your ticket, select winning numbers and with luck on your side stand a change of winning good lump of cash. All doing this at the comfort of your home.

Also playing lottery online guarantees one a wide range of selection. you no longer have to travel to that country that offers the biggest jackpot. All that matters is a couple of clicks from wherever you are

Impact Of Blockchain

although there are chances of winning big on lottery, many bad players and manipulator can exist to manipulate the market. This known fact has put off many would be players in taking part and it has also limited the amount spent by users who wish to take the risks in hope of getting something.
however, blockchain can tackle such a problem. The increasing interest in tapping new customer group and gaining back lost confidence in the system has seen lottery in recent times adopt blockchain approach for such purposes.

What is Donocle

donocle is a company based in Singapore that is set up to provide lottery-based games to anyone around the using blockchain as its operating system. donocle would use the openness element of blockchain to provide fairness by disclosing to everyone the raffle process going on. It has an OPF(open data flow) that would enable users to monitor what's moving in and out of the system(winners. raffle draws, total amount staked etc)

Also with donocle, you no longer have to worry about missing local draws happening in a particular country. Users can simply log in to their platform and search for specific lotto if they so desire.

How to participate in Lottery Using Donocle

donocle whole lottery process from buying tickets to announcing winners happens through a distributed consensus-based system on the blockchain called DGBLS( donation global blockchain lottery system).
inorder to purchase lottery tickets, donocle allows users to choose from 50 different cryptocurrencies including ddl token. it has also come up with an approach whereby the volatility of these coins is negligible. Once you send your coins, you simply convert them to cash at the prevailing price and irrespective of what happens next in the cryptocurrency market, you investemt is quite safe.

Overview of The Lottery System

the six digits from the BTC nounce that was generated during your transaction would serve as your raffle number.

Ranks	Match	Amount to Be Won From Total Sum
1st prize	all 6 numbers match	75% win minus 4th and 5th price
2nd price	5 numbers match plus last number match with bonus number	12.5% win minus 4th and 5th price
3rd price	5 numbers match	12.5% win minus 4th and 5th price
4th price	4 numbers match	0.005 BTC would be won at random
5th price	3 numbers match	0.0005 BTC would be won at random

Lottery offered by Donocle

• mini lotto
• super ball

Donocle Lottery Pool

comprises of prize-winning money, pos since the system works on this algorithm ie you get rewarded for holding donocle coin. and also donocle being a legit company would give back to the less privilege and support social works by reserving some of the pool rewards to charity. The leftover would go into operational cost.

Verdict

for those seeking the thrills of taking part in lottery and want to do so in a legit and safe way, I would recommend you investing in donocle coins now. moreover, since the market is on a recovering phase, I reckon the token to increase in value. it could also be a source of passive income(pos) when you hold large enough stack. so don't wait up buy while it's cheap.

Donocle Token Ico Details

Token Symbol : ddl

Token type: ecrn20

Pre Sale Price : $ 0.1 USD

Main Sale Price : $ 0.2 USD

Softcap: 10m usd

Hardcap: 30m usd

Minimum investment: 100 usd

Country: singapore

kyc/ Whitelist: kyc

Restricted countries: USA, Canada

Official links

Website https://donocle.io/

White Paper https://images.fxempire.com/ico/whitepaper/DONOCLE_WhitePaper.pdf?fbclid=IwAR0XD9eN6cZEhDQpgFKJIqv8RQ7HS9dnraCYy0tAj1lCFrwLb6ljO9fooiE

Telegram https://t.me/donocle1

Twitter https://twitter.com/Donocle1

Author details
bountyhunter: chima nwokeji
eth: 0xC4C72d679deE09D08C819563aAd5B3A92351d426