LOTEO: DIGITAL ERA OF LOTTERY; A REVOLUTION IN THE LOTTERY ECOSYSTEM AND HOW IT SEEKS TO DISRUPT NATIONAL LOTTERIES!

adaoramma (46)in #blockchain • 5 years ago

Hello crypto lover and enthusiasts... Trust your week is going smooth. Another dope project to tide you over with the week end. This project is second to none in the LOTTERY ECOSYSTEM as it has been developed to revolutionize the LOTTERY business with TRANSPARENCY, TRUST, FAIRNESS AND SECURITY as Core values. If you ever desire a transparent and secured and fair enough lottery industry, then LOTEO is here to emeliorate the prevailing issues in the LOTTERY business. Let me tell you how the LOTEO platform works. Do ensure to read till the end dear!

INTRODUCTION

It is an all-time economic aphorism which states that human wants are insatiable. This is more pressing in the area of money making and in seeking opportunities for a better life or living. One way lives have seen a facelift and serves as a money-making business for people is via lotteries. Lotteries are incredible ways of making money via selling of numbered tickets and giving prizes to the holders of numbers drawn at random.
Just like any business, the lottery ecosystem has saddled on it humongous issues that has led to its ban in many countries, for some, strict regulation by the government. One of these issues is the absence of trust and transparency in the entire system. Overtime, this system has been decried for its lack of credibility and transparency in its operation. Despite its huge acceptability, and gains made by organizers, these issues still clamp down the entire system, making it live beyond potential. This has given rise to a viable solution, the Loteo solution.

Loteo, in the recent proliferation of digital devices, excrescence of the block chain system and the growing digital world has launched a viable solution to the teeming problems in the lottery sphere. Loteo uses a totally automatic system leveraging on block chain technology and smart contracts to create a scandal and scam proof lottery system, which is hinged on a Five-point scale.

Access by all players to prizes in the block chain system around the clock. There is no back room deal anymore, everyone is taken along in a decentralized form.

Transactions are tracked in real time and all players are well aware of the data being worked with as regards the total number of all players.
Most importantly, trust is given center stage. The lottery is governed by an automated system, away from control, especially from the government. Smart contracts will be the pivots of this new system.

COMPARISM BETWEEN LOTEO AND OTHER REGULAR LOTTERY

There are key features that separate LOTEO from others of its kind:

LOTEO's payment solution is one of a kind, this time, the payments is done via the ethereum crypto, in a rather simplistic manner unlike other regular lotteries.
On LOTEO platform, Users will sign up via their existing ethereum addresses which will double for their tickets for the draw. Eventually, bitcoin, fiat from third party merchants will be introduced to cater for all users.
Reward for loyal users is top notch here on LOTEO platform compared to refular lotteries.

For every first ticket obtained by a user, the referrer gets fifty loteus token as a reward and four percent of each purchased ticket value as a reward for work done.

Quite importantly is the approach toward the launch of a mobile application, to cater for the teeming number of mobile users to suit all

users, and tickets can’t be acquired via this app.

To cap it all, this is a game changer for the world of lottery. Through the help of the block chain technology, people will eventually be given a value for their money in an incredibly secure manner.