LOTEO : ESTABLISHING A TRUSTED AND TRANSPARENT LOTTERY PLATFORM.
INTRODUCTION
Lottery is a kind of game everyone loves playing mainly because it is rewarding and popular. Over the years it has existed as a well organized type of game people indulge in all over the world where it is known and before now it has flourished so well and has grown so well. Recently, many factors are seen to hinder this growth that has been attained for a very long time. Those factors have reduced the transparency of the game, caused a great level of Monopoly and the intervention of the government to hinder some of the main activities that should be carried out in it. Users gradually became dissatisfied with the bad development that caused them to loss control of their operations and made it very difficult for them to trust the system. What remains now is how to restore the credibility of lottery in the industry for those who still care and are very passionate about it. Well, Loteo with its features of automation and smartcontracts will provide a better way forward.
ABOUT LOTEO
There is no need waiting until the condition of the whole lottery Industry becomes worsened because Loteo as a virtual lottery system is ready to integrate the blockchain technology to resolve the issues of trust and the lack of Freedom for users. Now all users will be given equal access to all what the gambling system is. This project goes against all the ways of the unsuccessful centralised lottery platforms to give all lovers of lottery to fully understand how to keep gambling with no consequences at all.
SOLUTIONS AND ADVANTAGES OF LOTEO
Unlike in the centralised lottery platform, Loteo is no selfish. It equally distributes benefits, it stops all forms of manipulations in the community to make a great difference. Loteo introduces full transparency in lottery results as well as in every operations that are executed.
In Loteo, to win is very easy because an internal token LOTES is used. The token is what makes all holders eligible for the rewards in the lottery system and in getting tickets. So once a user purchases the ticket with LOTES, it is impossible not to get rewards, meaning that loss is not even an option. Out of the whole token, majority of it (75%) will be given as rewards to winners while the remaining fraction will go the others as long as they hold LOTES.
In the old system, the way winners are picked makes it very easy for manipulators to do what favors them because of the way the numbers are combined. Loteo remedies this using smartcontracts in this process and therefore assuring the real winners of their positions when they play.
There is no surety of winning in the default lottery platforms but now a safe environment is available and the chances of winning are so high with no restrictions in the use of money. Users are allowed the freedom to use any type of currency to get tickets be it crypto or even fiats without restrictions. This helps to simplify the activities in the platform in addition to establish great customer relationship and the socializing of all those involved.
CONCLUSION
As easy to understand as Loteo is, the team has made it such that everyone in it are carried along with its features and how the token works. This keeps them updated and ensures the adequate distribution of the necessary information that should be available for users to enjoy the profit or rewards that should come from it. So i proudly recommend that this platform should be used for all that finds lottery very interesting.
USEFUL LINKS
Website: https://playloteo.com/
ANN Thread: https://bitcointalk.org/index.php?topic=5116114
Telegram: https://t.me/loteomission
Twitter: https://twitter.com/loteomission
Facebook: https://www.facebook.com/loteomission/
AUTHOR'S DETAILS
Bitcointalk Username: Kpelumo
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2576788