Lottery is no news in the current world system because, it has been an age long practice and it's still in place even till today.
Lottery as a kind of gambling has actually gained global recognition in countries where it is carried out.
A lot of countries has actually legalized the lottery system and their government, most a times use it as a means of raising fund for government projects.
Following this recognition and adoption of the lottery gambling system has led to the establishment of numerous lottery stands across different countries, so as to facilitate its growth.
In fact lottery has actually beat the other kinds of gambling, when it comes to recognition and adoption, as a lot of users often choose the lottery gambling over other gambling.
Now, in a world that is rapidly going digital, it is quite normal that everyone and sector moves with it, as no one would like to be left behind...
The digital system is revolutionizing the entire world system, one if which is the Lottery system.
It has facilitated the emergence of the online lottery system, where lottery is organized and participants are given the opportunity to take part in lottery, online without having to go to any lottery spot.
This actually sounds good, as the lottery gambling is now made seamless and users can take part, with little or no effort....
The online lottery system has rendered obsolete, the traditional lottery system, and replaced it with an efficient practice.
Regardless the great revolution which the online lottery system has brought, it has been stagnated by series of problems and setbacks, which has halted the progress of the lottery system,some if which are.....
- Lack of transparency, a very disturbing challenge in the lottery industry which is as a result of the fact that the organizers are not really lucid in their operations and the participants has little or no knowledge on how the system is being run.
For long, this particular issue has halted the progress in the lottery system.
The next challenge is......
- The absence of trust, which comes as a result the lack if transparency in the lottery system.
When users are forced to participate in lottery with unfair winning odds, it brings about distrust between the users and the system, and this is not good for the lottery system.
The absence of trust, which comes as a result the lack if transparency in the lottery system.
When users are forced to participate in lottery with unfair winning odds, it brings about distrust between the users and the system, and this is not good for the lottery system.
All these owes to the reality that the online lottery system is apt to the manipulation of organizers, as they organize the lottery to the own satisfaction and benefits.
Centralization and monopolization of the system is another nagging setback in the lottery system, seeing as the whole operation is controlled by the organizers, leaving the participants at their mercy.
But, all these is about to change because a lasting solution is here....
INTRODUCING LOTEO, A TRUE REVOLUTION IN LOTTERY
Loteo is a blockchain based automated platform, designed to restore trust in the lottery system by utilizing the latest technologies (blockchain and Smart contracts) to give solutions to the different problems confronting the lottery system.
The Loteo lottery platform, using its highly sophisticated technologies, makes it entirely difficult for the lottery to be manipulated, therefore bringing back the efficiency which was lost, into the lottery system.
Wow, this is indeed a great news for both the lottery system and the entire gambling Industry at large.
The fact that the Loteo system is completely automated facilitates the total transparency of lottery in the system, and to make it even more lucid the entire operation is viewed on the blockchain and it is open to the participants of the system so that they could be updated on the operations of the system.
This way, trust is restored to the online lottery system, making the system efficient once again.
Loteo by adopting the blockchain technology raises the winning chances of every lottery participant making the practice, a very beneficial one to the participants.
Loteo also eliminates the old and traditional centralized method which was present in the online lottery system, by ensuring that the organizers do not control the lottery system as control is carried out by the blockchain technology, a system which withstands any form of manipulation.
additionally, once the participants wins the lottery, their rewards are sent automatically to their Ethereum address, by the Smart contract..
This shows you that Loteo is fully equipped to bring back the lost glory of the online gambling, and make it beneficial again to the users.
THE LOTEO TOKEN
The Loteo platform has designed the Lotes and the Loteu, as the recognized and accepted digital currency in the system.
Loteu is a utility token which is used on the system to carry out transactions such as the purchase of lottery tickets and so on.
Lotes on the other is a security token which gives the holder Democratic power, to vote, on the system.
CONCLUSION
Loteo lottery platform is well positioned to take the online gambling industry to the standard which it was meant to be.
And, it has put everything in place, just to ensure that the users gets the best out of lottery and that the global economic system becomes stronger.
To know more about Loteo, check out the website and social media platforms:
Website: https://playloteo.com/
Register Here: https://playloteo.com/
ANN Thread: https://bitcointalk.org/index.php?topic=5116114
Twitter: https://twitter.com/loteomission
Telegram: https://t.me/loteomission
AUTHOR's DETAILS
Btt username: Annastesia
Btt profile link: https://bitcointalk.org/index.php?action=profile;u=1534866
Loteo username: Annastesia