LOTEO a fully automated lottery platform
Hello everyone, I have been very busy with the activities that I have to do in my real life for more than a few months. But on this occasion, I will give a little update/review regarding the project that this time I follow, for the project, namely Loteo.
INTRODUCING LOTEO
Loteo is digital automated lottery platform that uses blockchain and smart contracts to create a fully transparent lottery, where your chances are incomparably higher compared to conventional lotteries. LOTES is a security token which is meant to be sold only in private funding round (the STO).
This innovation emerges as a solid network for gamblers to enjoy profitable games on the DLT. The innovation is transparent and it uses smartcontracts to make the conventional lottery structure better and secured for those partaking in it. With this innovation, users will have an effective way to conduct their gambling operations. Stakings will be coordinated and made possible using different tokens. It uses a very useful token which functions as the security token for the operations. In this token (LOTES) investors can invest smartly and get other opportunities. As for the token, it made to function as a part of the ecostructure, although there is not public sale for it and those who desire to get it can purchase from the setup website. For users to enjoy massive Profitability, they have to use the LOTES token due to its greatness. Of a fact, the token will only be available for all to use and purchase in the setup alone. The token will be sold I batches, and it will follow a regular pattern which will be disclosed to the registered users alone.
LOTES is a security token which is meant to be sold only in private funding round (the STO). There will not be any public sale, for all investment requirements, please fill the form on the website. This token grants owners an opportunity to profit from being part of a lottery without being attendees in amount 20% of each prize total value.
The lOTEO token is to serve as a security token in the platform, even though it has no public sale will be used in reshaping the gambling industry. Investors will see this as an avenue to invest to generate tangible returns. The token gives users a sense of responsibility over operations and give them a chance of winning prices and using the features provided by LOTEO.
THE ADVANTAGES OF THIS PLATFORM
This platform has an excellent way of working using its decentralised features and perfection. Loteo ensures the effectiveness of every operations in it and opens a chance for all players to win the lottery. This is a way to make them improve in gambling. This has nothing to do with the amount of ticket bought but the level of intimacy between the users and the platform. It provides a transparent method of operation. Increase the transparency of the network and also discharge centralised bodies from the charge they have over it. This is the way it gains independence to address the challenges in the industry. The use of contracts that fosters transparency in the games played.
The Loteo solution
LOTEO is a fully automated lottery platform that uses blockchain and smart contract to create a completely transparent lottery, where your possibilities are incomparably higher than conventional lotteries.
There are several problems with "classic" lotteries, which have been overcome with LOTEO.
Possibility of winning . Unlike conventional lotteries where you bet against an unknown number of drawn numbers, in LOTEO you bet only against other tickets purchased, an amount that is several thousand times less than the number of potential winning combinations in standard lotteries. Thanks to the blockchain, the system is transparent and you can track all transactions. You have the chance to win every time the lottery takes place because you are betting only against a certain number of participants.
Transparency . All transactions and prizes are visible on the blockchain at any time.
Trust . Being governed by smart contract rather than by governments or private individuals, the drawing process becomes automatic.
Winning Chances
This platform settles the problems using the blockchain benefits. Through these benefits, it is able to deploy smartcontracts for solutions, making them handle those complex transactions that cannot be sustained by humans. The wise contracts are therefore seen as a part of the system topping the old models and introducing an unbeatable quality. The limitations will the classic lottery system that makes it impossible for a player to win is done with, and now there is a great probability of winning games or draws. Loteo makes players bet on purchased tickets and not just on some unknown numbers that put one in a position of high risk. The tickets are not expensive though, it is way less than what is charged in a standard lottery setup and as such, purchasing it is very feasible.
How does the lottery work ?
Users enter the lottery by purchasing single tickets for the LOTEO weekly lottery using the Ethereum cryptocurrency, or through a third party merchant. Each Ethereum wallet address that has purchased entry is then registered as a participant in the LOTEO weekly lottery. At a later date, LOTEO will add a daily lottery governed by the same rules.
The weekly LOTEO lottery will be executed through a smart contract that will utilize a certified random number generator (RNG). The pool for drawing will be created by another smart contract and it consists only of lottery tickets (based on the Ethereum addresses of the entrees) instead of drawing random numbers, therefore every drawing must have a winner.11
After the winner of the lottery is selected, a smart contract will send the prize automatically to the appropriate Ethereum address(es). All code will be publicly visible on GitHub as well as on Etherscan.
LOTEO Will Offer A Unique Affiliate Program:
A complete discussion is available on the website, but here are some important points.
For the first ticket purchased by a user who registered via an affiliate link, the affiliate partner will receive 50 LOTEUs (utility tokens) + 4% of each purchased ticket value in ETH while the newly-registered user shall receive 100 LOTEUs.
The affiliate partner has a right to be rewarded with each sale of a LOTEOMAXX wholesale package. However, the bonus from the wholesale package (10, 20, 50, 100) can be only claimed once per user, per year.
There is no limitation for 4% of each ticket value in ETH. During the referred sale of the LOTEPASS Each affiliate partner can claim 500 LOTEU and 4% of each ticket value in ETH.
This is the beginning of the Lottery revolution and an opportunity to be part of the next generation of the Lottery system. Investments like LOTEO are a once in a lifetime opportunity.
What games are available at Loteo?
In addition to the Lottery that is always held every week, the Loteu platform provides several games that will be released on their platform. For now, the game that we can play is only Moon Of Fortune, but if we look at the Loteo roadmap in the near future they will add some games, namely:
Daily Lottery
Rekt Rooms
Special Events
Loteo Tournament
Loteo makes the gamblers more exposed to the community, having a free and fair network for gambling controlled by smartcontracts. They take charge with the games they play and when they stake from their wallet. For every pool, they winners that emerge have their tokens (rewards) sent to them through their wallet address.
I conclude the article considering Loteo a very interesting project. There are different blockchain-based lottery projects on the market but, if Loteo respects the promises of the Whitepaper, it will surely prove to be one of the flagship projects. I remind you that the platform is already up and running and you can participate in a lottery by going to the following address upon registration!
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/
Disclaimer: I am not a financial advisor and this is not to be considered financial advice, it is merely my opinion and any investment should not be taken without speaking to a qualified professional first.
Information Author :
Bitcointalk username: bestfrend2018
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2501046