LOTEO - Digital Automatic Lottery Platform Using Blockchain And Smart Contracts

Hello everyone, this new post I want to introduce about a very interesting and good project that is Loteo, and for more details, let's just go to the following discussion:

What is Loteo?

A Digital Automated Lottery Platform that used blockchain and smart contracts to create a fully transparent lottery, where your chances are incomparably higher compared to conventional lottery.

ADVANTAGES

Chances to Win
Chances to win are much higher than in conventional lotteries because of our mechanism.

Trustworthy
By being governed by smart contracts rather than governments or private individuals, the drawing process becomes automated and trustless.

Transparency
Thanks to blockchain technology and using cryptocurrencies for lottery entry, LOTEO is 100% transparent and all transaction as well as prize splits can be viewed at all times, instead of traditional lotteries, where you don't know the number of attendees, prize amount, nor even if its fair nor manipulated, as there is central authority.

Winner every drawing
Unlike in classic lottery, where you need to tip right combination of numbers and the winner is once/year.

Biggest slice for the winner
LOTEO feels a strong need to provide the best user experience, that our customer, especially non crypto familiar, are used to, that's why there will be integration of credit card payments as well as mobile message payments.

Speed
Thanks to blockchain technology and cryptocurrency usage, Loteo is incomparably faster than traditional lotteries.

Token Structure & Usage
There are 2 tokens: The Loteo Security token (LOTES) and the Loteo Utility token (LOTEU).

Security Token
LOTES is a security token which is meant to be sold only in private funding round (the STO). There will not be a public sale, for all investment requirements please fill the form on website. This token grants owners an opportunity to profit from being part of a lottery without being attendees in amount 20% of each prize total value.

The LOTES are locked for 15 months and during this time it is not possible to buy or sell them anywhere else. After the first 15 months pass, there will be another funding round during which LOTEO will sell at least 30% of all tokens in compliance with legal and regulatory requirements.

The price and all details will be revealed prior to this event. After selling these tokens, the token will be listed on exchanges that offer security tokens trading. After 15 months, 20% of all security tokens will be owned by the lottery while 80% will be decentralized, preventing the lottery from being manipulated. The token also has a governing function, meaning any significant change has to be achieved by consensus and any token holder can issue a suggestion or voting.

ROADMAP

2019
Q1 Legal & Project funding

Weekly lottery testing phase
APR 1 MVP with Weekly lottery launch
Official Loteo Web launch

Q2 MVP Testing

MAY 1 Soft launch
JUN 1 Hard launch
Promo campaign launch
BTC Payment will be available

Q3 Daily lottery launch

Implementing Card payments possibilities
Enabling Local Mobile message payments

Q4 3rd Loteo game launch

Spreading Mobile message payments

2020

Q1 Loteo iOS & Android App
Special Announcement
Q3 External API Integration, LOTES Unlock
2nd funding round & LOTEO Games development
Q4 LOTES Exchange listing

2021 LOTEO Bets - P2P Bets system
LOTEO Tickets well be available throught 3rd parties

2022 LOTEO B2B Platform Launch

To find more relevant details please follow several sources for the following references:

WEBSITE: https://playloteo.com/
ANN THREAD: https://bitcointalk.org/index.php?topic=5116114
FACEBOOK: https://www.facebook.com/LOTEO-1113157555523564
TWITTER: https://twitter.com/loteomission
TELEGRAM: https://t.me/loteomission

Bitcointalk username: Sinseykoin