LOTEO: Now we can can have full trust and transparency in the Gambling Industry

The nature of humans have being created in such a way that we find it so difficult to establish trust within ourselves especially in this recent age where everyone wants to get rich quick. So many scam platforms and investment opportunities have been in existence and will still continue to be, hence it has caused a negative impact on most sectors of the economy inclusive of the gambling industry.

Myself as a person find it very difficult to trust any casino or gambling platform with my funds because all they do is manipulate top gainers and sometimes breach contract on some occasions, not their fault anyways, it’s the human nature. With this lingering issue in the betting industry, it will be so difficult to explore fully the potentials embedded in the gambling industry and as such, the blockchain technology has come to our aid, all thanks to Satoshi Nakamoto that invented bitcoin.

With the advent of smart contract technology which became practically applicable since the inception of the Ethereum network, several projects have been built on it and have solved a lot of human problems including lack of trust, lack of transparency and also efficiency. The same just occurred to the gambling industry too through the Loteo platform.

Loteo understands the fact that lack of trust is a main issue preventing the development of gambling industry and as such, they have come up with their smart contract based platform which will eventually become the leading platform in the industry.

More Details on Loteo

Loteo is a digital automated lottery platform which is based on the blockchain network and uses smart contracts technology to execute actions in order achieve an absolutely transparent platform.

On this platform, lottery tickets are being purchased using Ethereum and bitcoin while the wallet address serves as ticket ID. The platform also supports fiat currencies in order to increase its functionality.

How it Works

Through the smart contract technology, a random number generator will be used to launch the lottery which will then produce a winner at every lottery round and also select winners and send their rewards to their addresses as it was used for initial draws.

What other Features Makes Loteo Distinct from others?

• Attractive affiliate program which rewards referrer 4% of ticket value and also 50 tokens, also, the new comer gets 100 tokens for signing up on the platform
• Dividend program that rewards all LOTES holders with 20% of the over-all size pool in which the amount rewarded to holders depends on the amount of tokens being held and
• Launch of mobile application which caters for increasing number of mobile users which also supports the purchase of tickets.

Token Details

Loteu token is the native token of the platform with is an utility token and shall be used for marketing purposes. A quarterly token burning event shall be conducted on the platform in which 20% of all the utilized tokens will be burnt.

Conclusively, Loteo is a new generation gaming platform that has been created to get rid flack of trust between developers and gamers, with the professionalism, experience and dedication of the set of team behind the project, then it is obvious that the project will succeed in creating a new standard in the gaming industry hereby making it a top-notch project, hence you shouldn’t miss out on this great platform.

For more enquiries and information about the Loteo platform, kindly check the links below;

Website
ANN
Twitter
Whitepaper
Telegram

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