People all over the world love lotteries, because using a very small contribution, they get a chance to get rich or get what they want. The lottery market is growing every year, for example, next year its volume may increase to 376.87 billion dollars. At the same time, most of the lottery market is occupied by online lotteries. However, despite such a high popularity, this area has some disadvantages, which include:
- lack of transparency;
- possibility of manipulation;
- a low level of confidence.
To solve all the above problems will allow a new world lottery called DONOCLE, which uses Blockchain technology in its work.
Project objective
The main purpose of the developers is to create a platform for fair lotteries with the possibility of using 50 types of virtual currencies, part of the funds from which will be sent to charity.
Principle of operation
The main distinguishing features of DONOCLE is that this lottery is global and allows people from around the world to participate in it, as well as the use of Blockchain technology, which makes all processes fair and transparent.
To participate in the lottery, each player must:
- buy a ticket using the internal DDL token or any other currency from the top 50 cryptocurrencies of the world;
- use 6 digits as the lottery number from non-standard BTC block values.
It is important to pay attention to the fact that each ticket is recorded in the Blockchain, where you can find information about the purchase number, bet amount, ticket price and much more.
Tickets are purchased until 11: 30 UTC, after which all sales are suspended to confirm the prize funds. Thus, participants who guessed 6 digits out of 49 in the lottery will share 75 percent of the prize pool, who guessed 5 numbers-12.5 percent, and guessed 3 and 4 digits – 0.005 and 0.0005 BTC respectively. The cost of the lottery ticket will be fixed-0.0001 BTC or the equivalent of this amount in altcoins.
In addition to the traditional lottery, there will also be other games within the platform, such as:
- Mini-Loto;
- Superball.
In contrast to the traditional lottery mini-Lotto is held around the clock. Here the player has to guess the last 5 digits of the block. The size of the prize in it is for the 1st place - 70 percent of the winning coins, 2nd and 3rd places - 15 percent of the winning coins. It is important to note that in this game the first place can take only one person.
Every Sunday Will be held Superball lottery, which also requires to guess the 6 digits of 49. Lots are held with 7 consecutive blocks, which use the 3rd and 4th digits. If the number is duplicated, the block becomes invalid. Also, if the block contains more than 49 digits, it becomes invalid. The distribution of winnings is similar to the traditional lottery. It is important to note that the POS system is used to distribute all types of winnings.
For the development of the site, its own DDL token will be launched, which can be purchased during the ICO.
Dates and details of the ICO
As part of the preliminary and public sale will be sold 400 million coins. At the moment, the second stage of pre-sales of DDL with a bonus of 50 percent. The cost of 1 DDL is 0.00074 ETH.
The distribution of tokens and funds is as follows:
Conclusion
Creating a global lottery with a transparent system of distribution of winnings is quite an attractive idea. DONOCLE will be able to attract a huge audience, as it will allow you to use cryptocurrencies and take part in draws from anywhere in the world. It is important to note that 3 percent of the funds received by the platform will be directed to charity, and this can be monitored using the Blockchain.
It is also worth considering that in 2022 the volume of this industry will increase by 20 percent, which will lead to an increase in the cost of DDL. Therefore, investing in tokens today, you can get a good income in the near future and the chances of winning the lottery.
Official resources of the project Donocle:
