Yet Another Million Dollar Jackpot Goes Unclaimed, And What We're Going To Do About It

crypto-millions (61)in #news • 6 years ago

It seems that one cannot open the newspaper these days without seeing an article about an unclaimed lottery jackpot. A $1 million Powerball prize is still waiting to be collected by its lucky owner.

But since the drawing was held on June 30th, it could be the case that they lost their ticket. Or maybe they weren't watching the news when the numbers were announced. Or perhaps they are simply unable to go down and collect their winnings in person for whatever reason.

It seems that with all of the advances in modern technology, lottery providers would wise up and create a system that would enable more trust with their users. Imagine winning a life-changing amount of money only to have it slip through your fingers because you misplaced your ticket.

Granted, lottery providers are indirectly incentivized to be passive when it comes to handing out lottery winnings. Any unclaimed prizes are re-absorbed by the company, netting them a substantial windfall of their own.

But what if things were different?

What if lottery winners were automatically delivered their share of the prize pool without having to keep track of their ticket or head down to the lottery office in person?

What if the record of their participation was stored in an immutable blockchain?

What if winnings were instantly transferred to their account through absolutely no effort on their part?

Perhaps we are biased, but that sounds like a better way to run a lottery. Objectively, of course.

And this is exactly our vision for CryptoMillionsLotto. We have already built a platform that allows users to play the lottery in various types of cryptocurrency; bet Bitcoin, win Bitcoin. Bet Ethereum, win Ethereum.

Furthermore, our ICO is not the auctioning of a utility token that has no use outside of our platform. Instead, we have an SEC-approved security token that will pay a return to token-holders based on a percentage of the profits of our company. And as you likely already understand, by its very nature a lottery business is profitable from day 1.

Would you like to know more about our upcoming STO/ICO? Then head over to our website at http://cryptomillionslotto.io.