Playing lottery is a great opportunity to earn money and many people these days enjoy trying their luck. You don't require any skill to win, rather you have to rely on the fortune. Unfortunately, there have been too many fraudulent schemes lately that are aimed at taking possession of the users ’funds' by creating fake or phishing lottery where the host decides who and how wins. Many companies do plain cheating by promising to provide a chance to win a ticket with a large amount of cash or valuable assets but they select the winner from a list of their own accounts or tickets. This happens when you use any centralized platforms. However, the involvement of decentralization could change the situation and make a fair lottery system where a truly random winner can be selected. LOTEO a blockchain-based platform is coming forward to create a fair play application.
The Problem in The Lottery Industry
You bought some tickets to win prizes. You do it repeatedly every week, month and year with a big hope to win at some point. But you never win, also you never saw any of your known people won such lottery. And probably you'll never see. The fact is, the organizers are manipulating the result to cheat peoples money. This traditional scam is happening everywhere. Just becasue of a low ticket price, people never care if they won or not, they don't even check what's happening. Scammers are taking this advantage, they know people won't do anything for their $1. But think again, millions of people purchasing multiple tickets of $1 in a scam lottery? That's a multi-million cheating scheme. It is time to change the scenario, let's see what's LOTEO brings us.
Introducing LOTEO
Loteo is a blockchain-based platform creating a transparent digital lottery system using smart contracts. It's aiming to bring back the fairness and trust in the industry. The platform will be powered by LOTES token which will be the primary method of payment fees and lottery winnings. LOTES is a security token is being sold only through a private STO sale, and it won't have any public sale. People who don't like to participate in the lottery but invest in Loteo project can purchase LOTES token. Holders of LOTES token will earn 20% of each lottery round prize pool. The LOTEO token has a governing function which means any significant change has to be achieved by consensus. Any token holder can propose a suggestion or voting.
How do the LOTEO works?
Unlike other lottery platform and online random winner selection service, LOTEO uses Ethereum addresses as winners so there must be a winner in every round. Other services often ended up without any winner and forward the prize for the next round which is relatively unfair. Loteo uses random winner generation service (RNG) but it picks a winner from the Ethereum address used to purchase lottery. After winning, an automatic smart algorithm will send the prize to the winning address. So, there is no chance of centralization or manipulation of the result. Here is how the prize will be distributed:
Main advantages of LOTEO
Decentralization is taking place everywhere and you should be used to and support new startups to help to make a fair world for everyone. Considering that you are one of the supporters of great innovations? You should definitely consider the LOTEO platform as well. You can try different packages of tickets. This is a great opportunity to qualify for a good win every day. The developers of the decentralized platform LOTEO have done everything possible to ensure the efficiency of the working mechanism of the platform. Each client gets excellent chances of winning, regardless of the number of tickets purchased. The decentralized structure of the platform makes it truly transparent and fair. Participant numbers, winners and other relevant information is publicly viewable and verifiable. Unlike other traditional scams, LOTEO guarantees to win on your luck. Even, if you do not like to take a risk in investing lottery, you can hold LOTES token to earn a 20% share of the prize in each round. However, you should learn more about this sharing method and real percentage as there will be many token holders.
Conclusions
Making the lottery industry decentralized is really an innovative idea. Decentralized platform LOTEO is a very promising project that has already attracted investors attention. If you want to become part of a unique platform and get the opportunity to regularly fight for large prizes, then you should definitely consider the option with a decentralized LOTEO project.
Official Links
Website: https://www.playloteo.com
BTT: https://bitcointalk.org/index.php?topic=5145738
Telegram: https://t.me/loteomission
Twitter: https://twitter.com/loteomission
Facebook: https://www.facebook.com/LOTEO-1113157555523564
Author Info:
Bitcointalk: btccrusher
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1398186
ETH Address: 0x0c8eaFa5E8c3a68199604D3fA294826a4040C4B5
Article uniqueness: 100% Unique (https://imgur.com/gallery/VPfRgyU)
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