Playloteo : Loteo is a Platform That Uses Blockchain And Smart Contracts
Loteo Set To Transform Lotteries Onto The Blockchain – Creates New Paradigm of How Lotteries Should Function “Lottery Needs A Revolution”
We will publish articles to introduce the LOTEO (Digital Era Lottery) project to potential platform participants and those interested in contributing to its development. The information below may not be complete and does not constitute a contractual relationship. The main purpose is to provide information to everyone so that they can determine if they are willing to analyze the business with the intention of receiving or investing in tokens.
LOTEO is an automated digital lottery run over code rather than being operated by humans. The lottery will first draw a random Ethereum address from a pool of users weekly and later every day. The raffle is based on a random generation system that includes the publicly visible code on GitHub and also on Ethereum Network. The winner will receive 75% of the prize pool as a reward, which will be sent to his Ethereum address.
LOTEO will not only make this form of gambling accessible to more people than ever before but also address the issue of trust since it will be executed through a smart contract whose code will be publicly available on GitHub and Ethereum. Combining international reach, transparency and automation, LOTEO aims to become the industry standard in the emerging digital lottery market.
Loteo's advantage in the future
Chances of winning The odds of winning are much higher than traditional lotteries because of our mechanism
Trusted Through smart contracts instead of governments or individuals, the drawing process becomes automated and trustworthy.
Transparency Thanks to the blockchain technology and the use of cryptocurrencies for lottery entry, LOTEO is 100% transparent and all transactions and profit allocations can be viewed at any time, rather than traditional lotteries where you do not know the number of participants and the amount of profit, even though it is fair or manipulated as there is a central authority.
Winners of each draw Unlike the classic lottery, where you must enter the correct number combination, the winner is once a year.
Biggest Criterion for the Winner LOTEO has a strong desire to provide the best user experience that our customers, especially those unfamiliar with cryptography, are used to. For this reason, both credit card payments and payments for mobile messages are integrated.
Speed Thanks to blockchain technology and the use of cryptocurrencies, Loteo is incomparably faster than traditional lotteries.
Opportunity
Global drivers ѕuсh аѕ increased internet penetration, mobile аnd PC ownership, аnd thе increased adoption оf cryptocurrencies point tоwаrdѕ greater demand fоr all-digital lotteries thаt overcomes current customer issues ѕuсh аѕ lack оf trust аnd requirements fоr personal information.
Blockchain technology саn nоt оnlу provide а secure аnd transparent method оf organizing thе lottery, but іt саn аlѕо tap іntо nеw market segments, mоѕt notably thе global unbanked customer segment аѕ wеll аѕ regional markets wіth restrictive legislation. A lottery based оn smart contracts wоuld offer аn automated, secure аnd transparent platform fоr thіѕ form оf gambling.
Problem
Lotteries, lіkе аnу form оf gambling, саn bе manipulated аgаіnѕt іtѕ participants, dеѕріtе thе high degree оf scrutiny claimed bу thе organizers. Due tо thе high degree оf centralization, organizers wield а considerable amount оf power thаt іѕ liable tо abuse due tо thе current lack оf transparency іn lotteries. Evеn wіthоut manipulation, lotteries аrе profitable fоr organizers, wіth mаnу claiming а profit margin оf uр tо 50% оn ticket sales.
Solution
LOTEO іѕ а fully automated lottery platform thаt uѕеѕ blockchain аnd smart contracts tо create а fully transparent lottery, whеrе уоur chances аrе incomparably higher compared tо conventional lotteries.
Why did you hold it?
LOTEO will make 400,000,000 tokens of LOTEU for marketing purposes that also include affiliate bonuses on the platform. All tokens will be delivered to the COMMUNITIES in several phases, according to the White Paper. LOTEU is a community currency.
The LOTEU utility function is a double increase in your drawing possibilities. Basically, you can have an entry ticket of 20 euros for 10 euros. If you lose the opportunity to receive LOTEU for free, you also have the option to buy it, initially in the dex exchange and then in the central exchange. However, the future of LOTEU is very important.
LOTEO wants to implement the currency directly as a total payment option for the lottery after it has been included in the stock and get a good volume. You will have the option of playing LOTEO using LOTEU, and that will be incredible.
LOTEO is already listed on CoinTiger
COINTIGER is a well known exchange placed in the TOP 10 ranking list when mentioned in the AMA as per the www.coinmarketcap.com. It is a trustable one stop crypto currency trading platform. The exchange offers multi language customer service and enough liquidity for trading.
https://www.cointiger.com/en-us/#/trade_center?coin=loteu_eth
The strategy is to spread positive feedback about LOTEO from the participants and help the community grow, which is essential for any worldwide blockchain project.
Stay tuned for the upcoming news since building a lottery project is an ongoing process and changes can take place anytime in the future.
We all can be winners with the LOTEO revolution. Let’s build LOTEO together.
For more questions do not hesitate to contact us on the links mentioned below or read the official whitepaper.
Website: https://playloteo.com
Whitepaper: https://www.playloteo.com/documents/loteo-wp-en.pdf
Facebook: https://www.facebook.com/loteomission/
Twitter: https://twitter.com/loteomission
Instagram: https://www.instagram.com/loteomission/
Telegram: https://t.me/loteomission
ANN: https://bitcointalk.org/index.php?topic=5116114
AUTHOR: Dodi_Gejul
BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=2180095