Trust is an incredible part of any business enterprise. For the lottery ecosystem, this trust is one of the pivotal reasons it is held at an all-time low among players. Doing over ten billion in revenue, it shows the huge prospect for this ecosystem if the correct principles were to be put in place. In a bid to correct these anomalies came the advent of the Loteo lottery system.
Which leverages hugely on block chain and s mart contracts to offer real value to clients. Furthermore, with the digitization of the world, it became pertinent to create a system that not only leverages on this system, but most importantly provide the idyllic setting for the development of the online lottery system.
The loteo lottery works perfectly in a clear, detached, open, transparent and credible pattern as seen below:
Lottery tickets for the draws are purchased via ethereum crypto, with the wallet address serving as the ticket i.d for the draws, also bitcoin is accepted and importantly fiat currency. This is to cater for all users and across diverse market segments, the banked and the unbanked.
Furthermore, on a weekly via a smart contract, the lottery will be launched utilizing a random number generator. Thus, to ensure that every lottery round will produce a winner. Via same smart contract process, winners will be selected and reward sent to their addresses as used for the initial draws.
Notable Features Of The Loteo Lottery
The loteo affiliate is one of a kind. It rewards all players involved. Once a referral is made, the referrer receives 50 token and 4 percent of entire ticket value, while the new sign up receives 100 loteo.
The Loteo security token is a privately sold currency to contributors. This will be a secret reward for loyalty, such that this will create a needed an important advantage to them during lottery rounds. More importantly, this token will confer governing power to holders, this automatically translates the ability to vote for any notable change. This is a huge step in the right direction for an inclusive project for intending investors and users.
Key Advantages Of Being A Part Of This Project (LOTEO)
• this will avail interested parties an exceptional opportunity to purchase LOTES security tokens and become a part of LOTEO, and is entitled to receive ethereum as reward each time the lottery is drawn.
• A 20% share of the over-all prize pool is reallocated to the LOTES possessors, depending on the amount LOTES each user has per time.
• An all-time Governing access to be a part in key decision makings (picking charities for donations, key alterations to the business model)
• dependent on the lottery success, the value of LOTES will grow as well in time and confer rewards as due.
CONCLUSION
To bring all together, an entire target for LOTEO will be the launch of three game sorts and the execution every conceivable payment solution, credit cards, mobile payments solutions etc. This will be the much-needed and ideal solution in the world of lotteries.
Visit the Loteo's websites below for more viable information:
Website: https://playloteo.com/
ANN: https://bitcointalk.org/index.php?topic=5116114
White Paper: https://playloteo.com/documents/loteo-wp-en.pdf
Twitter: https://twitter.com/loteomission
Facebook:
Telegram: https://t.me/loteomission
AUTHORSHIP:
Loteo's username: Jabatan
Bitcointalk Username: Jabatani
Bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=1983653;sa=summary