🌐 Website 🌐 Whitepaper 🌐 Telegram 🌐 Facebook 🌐
The lottery industry,is one of the biggest and fastest growing industries in the real entertainment world of gambling. The gambling industry is uniquely reliable, as one of the best medium through which businesses and enterprise benefit greatly. The blockchain has evolved to greatly into becoming one of the best technology tools to be used on the lottery framework and anagram. The loteo platform is uniquely built into the construct paradigm of the blockchain technology and it's framework generally. This construct paradigm of the Loteo structure makes it reliable and responsible in terms of gambling processes, such as placing of bets, cash withdrawals of winning and also payment processes all inclusive. In essence,the blockchain framework cuts-across all levels of users engagement and structure making it fundamentally awesome for growing for lottery marketplace. Loteo as a platform establishes the real and functional element of precision for users by its token presence. Thus, with the blockchain Etheruem ERC20 technology. The loteo stands out for gamers to enjoy when betting is done and won at all times.
The loteo platform,is all about a platform whose ideology stands strong on the precept and functionality of proper gaming or gambling as a means of entertainment through, the usage of blockchain cryptocurrency framework and functionality. Thus, in general the basic building block of the platform is the main construct of how lottery can be well harnessed into blockchain technology frameworks. Furthermore, it also stipulates how well lottery can be built upon to achieve massive acceptance, through the value reward system using cryptocurrency. In essence, loteo on its own reflects, the main course of action for users who hope,continously participate and stay fully on the part of lottery advancement. Loteo cryptocurrency project is that point of view,that establishes the right framework and foundation for lottery to grow, develop, achieve,re-model,re-define,re-strengthen,re-fashion and re-strategize in general,the functionality of users engagement on lottery as a whole.
watch this video
Feature
Global lottery
- Online lotteries are an established industry, having existed in some form since at least 19975. The global online lottery market is estimated to reach revenues of more than $10 billion by 2023, growing at a CAGR of around 8% between 2019-2023
Future outlook
- Global trends such as the long term increase of mobile phone penetration, internet penetration and the proliferation of blockchain technologies will provide ideal conditions for the growth of the online gambling market, including the online lottery industry.
- Growth will be driven by the rise of draw-based games and scratch-off instant games across European countries as well as other developed regions. The increasing focus on investment in new technologies (including blockchain), improving the perception of lotteries, and reaching far-away audiences via the internet will propel the transformation of the market.
Current issues
- Lotteries, like any form of gambling, can be manipulated against its participants, despite the high degree of scrutiny claimed by the organizers. Due to the high degree of centralization, organizers wield a considerable amount of power that is liable to abuse due to the current lack of transparency in lotteries. Even without manipulation, lotteries are profitable for organizers, with many claiming a profit margin of up to 50% on ticket sales.
Opportunities
- Global drivers such as increased internet penetration, mobile and PC ownership, and the increased adoption of cryptocurrencies9 point towards greater demand for all-digital lotteries that overcomes current customer issues such as lack of trust and requirements for personal information.
- Blockchain technology can not only provide a secure and transparent method of organizing the lottery, but it can also tap into new market segments, most notably the global unbanked customer segment as well as regional markets with restrictive legislation. A lottery based on smart contracts would offer an automated, secure and transparent platform for this form of gambling.
Chances of winning The odds of winning are much higher than traditional lotteries because of our mechanism
Trusted Through smart contracts instead of governments or individuals, the drawing process becomes automated and trustworthy.
Transparency Thanks to the blockchain technology and the use of cryptocurrencies for lottery entry, LOTEO is 100% transparent and all transactions and profit allocations can be viewed at any time, rather than traditional lotteries where you do not know the number of participants and the amount of profit, even though it is fair or manipulated as there is a central authority.
Winners of each draw Unlike the classic lottery, where you must enter the correct number combination, the winner is once a year.
Biggest Criterion for the Winner LOTEO has a strong desire to provide the best user experience that our customers, especially those unfamiliar with cryptography, are used to. For this reason, both credit card payments and payments for mobile messages are integrated.
Speed Thanks to blockchain technology and the use of cryptocurrencies, Loteo is incomparably faster than traditional lotteries.
Problem
Lotteries, lіkе аnу form оf gambling, саn bе manipulated аgаіnѕt іtѕ participants, dеѕріtе thе high degree оf scrutiny claimed bу thе organizers. Due tо thе high degree оf centralization, organizers wield а considerable amount оf power thаt іѕ liable tо abuse due tо thе current lack оf transparency іn lotteries. Evеn wіthоut manipulation, lotteries аrе profitable fоr organizers, wіth mаnу claiming а profit margin оf uр tо 50% оn ticket sales.
Solution
LOTEO іѕ а fully automated lottery platform thаt uѕеѕ blockchain аnd smart contracts tо create а fully transparent lottery, whеrе уоur chances аrе incomparably higher compared tо conventional lotteries.
Loteo Security Label
is a security token that will be sold only as part of a private financing round (STO) to taxpayers accredited by venture funds. There will be no public sale. This token gives owners the opportunity to protect themselves from participating in the lottery without being present for an amount equal to 20% of the total value of each prize. Lots are blocked for 15 months, and during this period it is impossible to buy them or sell them elsewhere. After the first 15 months, another round of private sales will be held, during which LOTEO unlocks 30% of all tokens that will be sold to accredited partners. After the sale of these tokens, the token will be listed on various exchanges.
information https://www.playloteo.com
LOTEU is a utility token that will be used for marketing purposes. When you buy an additional entry into the lottery with 100 LOTEU, you double your chances of winning the lottery. It doesn’t raise the prize, but it increases your ticket number in the pool. There will be more airdrops of this token through LOTEO’s marketing partners, and there will be many more competitions that will reward LOTEU. The LOTEU tokens will also be distributed through bounty campaigns by LOTEO’s marketing plan.
Author : antoarwadi
