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LOTEO — Digital Era Lottery

 We will provide Article to present the “ LOTEO ( Digital Era Lottery )” project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the company with the intention of obtaining token or invest.

LOTEO is an automated digital lottery that is executed via code instead of being run by people. The lottery will, first on a weekly, and later on a daily basis, draw a random Ethereum address from a pool of users. The draw will be based on a random number generation system that will have a publically-viewable code on GitHub and also on Ethereum Network. The winner shall receive 75% of the prize pool as a reward, which will be sent to their Ethereum address.Not only will LOTEO make this form of gambling accessible to more people than ever, but it will also address the issue of trust as it will be executed via a smart contract, the code of which will be publically-viewable on GitHub and also on Ethereum Network. Through a combination of international reach, transparency and automation, LOTEO aims to become the industry standard in the rising market for digital lotteries.


Video About Luteo :


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.

  • Trust By being governed by a smart contract, rather than governments or private individual, the drawing process becomes automated
  • Transparent All transactions and prizes are viewable on the blockchain at all times.
  • Winning Chances You have a chance every time the lottery takes place,as you are only betting against a certain number of participants. Every game has a winner!

To plays as entering table within the regular schedule as drawing from the desktop of service with the platform to gains with the selection on numbers on returns as player to modify with distinct of strategics as the occupation of tools and application to helps on extending the use on chance as the expectation to put on returns with submission as preparing new ticket on drawing with the scheme as the RNG function to draws of the result numbers on reference.Players might work also as allocating funds on reserve to helps of chance on donation customs of giving and manage with friends as gathering relation to plays on leisure with the altcoin ding dong of games with the entertainment.Details on use of customs with feature on desktop as players to work with tasks on referring as those gives on differences to helps on users as might to run of personal strategics as qualifying of use with the manage on jobs as attains on table with the tasks of marketing on decision of merchantile to deliver offers from the LOTEO company of the online lottery service.


How does the lottery work

Users enter the lottery by purchasing single tickets for the LOTEO weekly lottery using the Ethereum cryptocurrency, or through a third party merchant. Each Ethereum wallet address that has purchased
entry is then registered as a participant in the LOTEO weekly lottery. At a later date, LOTEO will add a daily lottery governed by the same rules.The weekly LOTEO lottery will be executed through a smart contract that will utilize a certified random number generator (RNG). The pool for drawing will be created by another smart contract and it consists only of lottery tickets (based on the Ethereum addresses of the entrees) instead of drawing random numbers, therefore every drawing must have a winnerAfter the winner of the lottery is selected, a smart contract will send the prize automatically to the appropriate Ethereum address(es). All code will be publicly visible on GitHub as well as on Etherscan.
The prize will be split in the following way:

  • 75% for the lottery winner 
  •  20% for LOTES owners
    each drawn prize will be redistributed to the owners of LOTES, in proportionality to how many LOTES each user owns. 
  • w purchased ticked of the user he registered
  • 1% is given to a charity that is chosen by the LOTEO community

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.
Why should you HOLD IT?

LOTEO will create 400 000 000 LOTEU tokens for marketing purposes which also includes affiliate bonuses on its platform. All tokens will be given to the COMMUNITY in multiple phases, in accordance with the Whitepaper. LOTEU is a community coin.The utility function of LOTEU is a double increase in your chance in a draw. Basically, you can have a 20 Euro entry ticket for 10 Euros. If you miss the opportunity to receive LOTEU for free, then you also have the option of buying it, initially on the dex exchanges and later the centralized exchanges.However, the future of LOTEU is essential. LOTEO wants to implement the coins directly as full payment options for the lottery after being listed on exchanges and getting good volume. You will have the option of playing LOTEO using LOTEU, and it will be amazing.

Not excited enough?

Another reason why you should hold it is THE BURNING of LOTEU.On the 1st of June 2019, the LOTEO platform plans to hard launch. On the same day, the first burning process will be initiated. Every 3months, LOTEO will burn an additional 20% of all coins which will be returned to the LOTEO platform. What will happen to the remaining 80%? They will be redistributed to LOTEO users, to the top affiliate partners and as rewards for community members.Don’t wait for a Bull run — Play for it!Given the regulatory, government, tax and other market implications covered here, we believe a dual token structure will provide the financial support for long term visions of transformation in a safe and compliant manner for all parties involved.For up-to-date information, subscribe here: https://www.playloteo.com
LOTEU is a utility token that will be used for marketing purposes. When you buy an additional entry into the lottery with 100 LOTEU, you double your chances of winning the lottery. It doesn’t raise the prize, but it increases your ticket number in the pool. There will be more airdrops of this token through LOTEO’s marketing partners, and there will be many more competitions that will reward LOTEU. The LOTEU tokens will also be distributed through bounty campaigns by LOTEO’s marketing plan.

For More Information You Can Visit Link Below :

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