Airtoto is the world’s first fully licensed and government-backed blockchain lottery that empowers individuals to play fair and transparent lottery games. Airtoto aims to become first-of-its-kind lottery system that can guarantee a fair play to all its users.
Continue reading to know how it manages to do that.
Problems with Traditional (Centralized) Lottery Systems
Most of the existing lottery systems, both online and offline, are centralized, that means the decision power and the control is in the hands of centralized institutions or people. This increases the risk, insecurity and cost and makes the system volatile.
The major problem with centralized lottery systems is that they require users to share their personal data with the system. This data as well as all the transaction details are stored in a centralized database which is prone to attacks like hacking and unauthorised access. Also, the system owner has complete control over the user data and can use it however they want.
Also, the centralized economy is powered by middlemen who do nothing but add the cost of operating.
How Airtoto implements a Decentralized Lottery?
Airtoto is one of the first fully-decentralized lottery systems that remove the concept of middleman by providing a decentralized way to store user transactions and data. The benefit is that the blockchain technology and the information ledger are completely transparent. So, a user will always know when and where his data is being used.
Moreover, all the transactions are transparent and stored in a distributed ledger controlled by the users of the platform, and not by any centralized authority. This improves the security of this data and reduces the cost of transactions. Also, it guarantees a completely fair lottery system where transactions are verified automatically and there is no chance of fraud.
Transactions on the Airtoto platform take place through the Airtoto token (ATT), which can be purchased during the ICO sale.
Airtoto ICO (Token Sale)
Airtoto is conducting an ICO (initial coin offering) event inviting potential investors from all over the globe to buy tokens and invest in this futuristic project. The first phase (private) sale has already ended, and now the ICO has moved into its second phase which is pre sale.
Airtoto Pre-sale details
- Token name: ATT
- Token type: ERC20
- Price: $0.10
- Bonus: 15%
- Date: 30 Dec 2018 to 12 Jan 2019
The more details of the project can be found on the website and read the whitepaper for complete understanding of the concept.