Loteo is a digital automatic lottery platform that uses blockchain

sevenfold (35)in #steemit • 5 years ago (edited)

Loteo is an automatic digital lottery that is run through code instead of being run by people. The lottery will, first every week, and then every day, draw a random Ethereum address from a collection of users. The drawing will be based on a random numbering system that will have code that can be seen publicly on GitHub and also on the Ethereum Network. The winner will receive 75% of the prize pool as a prize, which will be sent to their Ethereum address.

Loteo is a digital automatic lottery platform that uses blockchain and smart contracts to make lotteries that are fully transparent, where your chances are much higher than conventional lotteries. LOTES is a security token that is intended to be sold only in private funding rounds (STO). There will be no public sales, for all investment requirements, please fill out the form on the website www.playloteo.com. This token gives the owner the opportunity to profit from being part of the lottery without being a participant in the amount of 20% of each prize value. The lotes are locked for 15 months and so far it is not possible to buy or sell them elsewhere. After the first 15 months have passed, there will be another funding round as long as LOTEO will sell at least 30% of all tokens in accordance with legal and regulatory requirements. All details will be disclosed before this event. After selling this token, the token will be listed on the exchange. After 15 months, a maximum of 20% of all security tokens will be owned by the lottery while 80% will be decentralized, preventing lotteries from being manipulated. Tokens also have a government function, which means that any significant changes must be reached by consensus and holders of any tokens can issue suggestions or vote.

Global drivers such as increased internet penetration, ownership of cellphones and PCs, and increased adoption of cryptocurrency9 lead to greater demand for all-digital lotteries that address current customer problems such as lack of trust and requirements for personal information.

Blockchain technology can not only provide safe and transparent lottery organizing methods, but can also take advantage of new market segments, especially customer segments without global banks and regional markets with strict laws. The smart contract lottery will offer an automated, safe and transparent platform for this form of gambling.

The LOTEO Cryptocurrency Features

The loteo cryptocurrency functions greatly on the embedded design and systems reliability of its features. In context,the loteo features reveal the best part of the platform,makkng it significant and awesome on the long run. Thus, below are some of the loteo cryptocurrency blockchain platform.

Decentralized:

The loteo lottery token platform, is decentralized and makes its more reliable for wider reach. Hence, making it significantly awesome for the users. Furthermore,the platform decentralisation makes it vast upon wider acquaintenance for the users from every part of the world, without any hindrance whatsoever.

Risk reduced:

Thus, with this feature,users tend to enjoy a low risk value for lottery stake by use of the platforms token. Furthermore, the platform allows a pay-out system for users through token value. Thereby reduce cases of loss on coupon.

Scalable:

The platform conforms to high state of scalablity which makes it reliable and easy for a large number of users participation at any point in time. This makes the platform very unique for users in general.

Blockchain Smart Contract:

The loteo blockchain structure allows, for smart contract system functionality and operations,making the platform users data secure and reliable in general. Furthermore,user data privacy and confidentiality is granted on a greater note.

Loteo Will Offer A Unique Affiliate Program: https://www.playloteo.com?referral=0RIg4YAw

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.

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