LOTEO :Lottery On The Blockchain

THE INTRODUCTION

This is a platform whereby the lottery as we know it, is placed wholly on the blockchain and smart contracts are in place to execute transactions, thus transparency, and ease of usage outclasses the conventional ones we are used to. A platform that is going to change the lottery(gambling scene).

INDEPTH ANALYSIS

Here, Users are allowed to play the lottery by purchasing tickets for the loteo weekly draw using etheruem. Each etheruem wallet address with a purchase, is registered in for that "particular week" as a participant of the loteo weekly draw. However, modalities are in place to push for a daily loteo draw.

The loteo lottery will be exceptional because the smart contract(s) in play will utilize a random number generator [ of which the codes will be displayed on github etc for all to see]. It's imperative to note that the pool "here" consists of lottery tickets - linked to the etheruem address of participants instead of the conventional draws number system thus creating a level playing field for all, anonymity and higher transparency levels regarding all winnings.

MERITS
Increased Transparency :

With the deployment of the blockchain technology and using cryptocurrencies for lottery entry, LOTEO is transparent and all transaction are up for all to see regardless of where you maybe in the world. Also prize splits can be viewed at all times, which is quite unlike our conventional lotteries, where you don't know the number of attendee(s), prize amount, nor even if its fair nor manipulated, as there is central authority sitting behind the scene and pulling strings.

Trustworthy

It is a given fact and a popularly held belief that we as humans are prone to fraud. Thus you hear of instances where a certain winner may be cheated or conned out of his winnings by the company or agency. However, with the smart contracts in place, they is practically no need for governments or private individuals, the drawing process becomes fully automated.

Speed

Thanks to blockchain technology and cryptocurrency usage, Loteo is incomparably faster than traditional lotteries around the globe

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

Winner Every Drawing

Unlike in classic lottery, where you need to tip right combination of numbers and the winner is once/year.

LOTEO TOKEN

The Lotes token is a security token which is used to run operations in the system.
It gives the holders a governing power on the Loteo platform.
Loteu is also a utility token created by the Loteo system, which is used for marketing purposes such as, the purchase of lottery tickets on the system etc

Distribution of Loteu Tokens.

CONCLUSION

Overall, the loteo gambling platform will be all inclusive, catering to all ranges of the society, offering a bouquet of services uncommon with conventional lottery platforms. I believe loteo is going to revolutionize the industry. So let's join hand and support loteo.

Information :

Accepted currencies
BTC, ETH, EUR

Token Details

Ticker: LOTES

Softcap: 1,500,000 EUR

Hardcap : 2,500,000 EUR

For More information :

Address: Abraham de Veerstraat 9
P.O. Box 3421, Curaçao

Do you have any questions?

Send them an e-mail: [email protected]

Facebook: https://www.facebook.com/LOTEO-1113157555523564
Telegram: https://t.me/loteomission
Twitter: https://twitter.com/loteomission
Instagram: https://www.instagram.com/loteomission/
Linkedin: https://www.linkedin.com/company/loteo-net
Reddit: https://www.reddit.com/r/Loteo/
GitHub: https://github.com/loteomission
YouTube: https://www.youtube.com/channel/UCveQW_4wrc-ZYCo0sac6exQ

Author
Username : OtunbaGhadafi
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1270282
Email : [email protected]