Meet the new lottery game based on blockchain
People have been participating in lotteries for a long period of time. But, challenges like lack of reliability, high commission charges, slow processing and such like, don’t allow players to harness the maximum benefits out of the system. An answer to those problems may just have presented itself, though.
The blockchain-based solution, Donocle, promises to make lottery systems more credible, as the platform relies on fair play. Participants can use 50 different types of coins and tokens in this project. Donocle has adopted the Open Data Flow technology and allows players to track the real-time transfer of goods and money.
A Simple and Efficient Raffling System
Donocle offers a simple and interactive interface that allows users to seamlessly participate in various raffle activities. To begin with, users have to purchase tickets by using any of the provided 50 tokens or coins on the zone. Thereafter, each player is provided with a unique six-digit number generated by the BTC counter. All the players are informed of the total number of coins issued, sales numbers, and sales price to ensure transparency. As the sale progresses, these figures are frequently updated for the users. Players have to create a wallet on the platform to purchase the lottery tickets, after which they are provided with a dashboard wherein their respective numbers are displayed. Prices of the tickets are determined as the BTC market price is introduced on the cryptocurrency exchange.
Play Lottery Games and Win Substantial Rewards
By leveraging blockchain technology, Donocle has designed raffle games for its users to play and earn money. There are primarily two games offered on the platform:-
496 Games
496 Games is an easy and fun game where users have to select any six digits from 1 to 49. The raffle takes place at 00:00 UTC every Sunday, and the block nonce value of BTC is considered as the raffle number. To determine the winner, blocks are created in the BTC blockchain for the six cancelled blocks. If there is no winner to claim the prize money, it is transferred to the next raffle session until there is a winner.
Mini Lotto
In this game, the nonce value of a single block determines the winner. The winning number is determined at 00:00 UTC every day. Mini Lotto also allows overlapping numbers and users need to match 5 numbers. Similar to the 496 Games, if there are no winners, the prize money is transferred to the next session until there is a winner to claim the prize.
Prize Money Allocation in Donocle Platform
Donocle is derived from the words ‘Donate’ and ‘Circle.’ 70% of the money received after the token sale is distributed amongst the winners based on their composition share, 3% is donated towards charity and the remaining is used for operational purposes and POS (Proof-of-System) system. Additionally, the winners have the option to either retain the cryptocurrency they have obtained as prize money or exchange it for cash in the market.
Donocle has a unique profit distribution system. This is the core of the Donocle service and contributes to the beneficial function of money, which is their distribution and use. It brings convenience to users and is also an opportunity to make a profit. Proof-of-stake (POS), DONOCLE or MIB COIN can be used.
The entire process that involves Donocle Tokens, from the purchase of the lottery to the distribution of prize, are managed through a distributed consensus-based system called blockchain, within the platform called DGBLS™ (Donation Global Blockchain Lottery System).
Donocle Project is designed on MIB Blockchain Platform. Trust, fairness and security were increased by the integration of C/S environment and blockchain, rather than blindly pursuing business on blockchain.
For more Info
Website: https://lotto.donocle.io/
Facebook: https://www.facebook.com/donocle/
Twitter: https://twitter.com/Donocle1
Telegram: https://t.me/donocle1
AUTHOR
Bountyhunters Nickname: CryptoLavlu