Belotto – The New Decentralized Standard For Lotteries

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Belotto is a decentralized lottery where users can confirm the integrity and transparency of its activity. The platform is going to bring trust and benefits to the entire world. Belotto is going to build a blockchain based lottery system that will be powered by Hyperledger which works with the use of propriety token based on Ethereum. The platform’s users can purchase lottery tickets with complete security. Belotto has some great advantages – it is going to develop the first robust and global decentralized cryptocurrecny and it is going to prove that lottery business without corruption is possible.

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How It Works

Lottery users don’t know where their money goes to, if it actually goes to the jackpots or if they’re holding any real money at all. Belotto.io along with Smart Contracts will automatically distribute the money from ticket sales always the same way so the jackpot is constantly fed with each new purchase. Jackpot money is securely stored through escrow to prevent mismanagement and any use of the money before anyone wins it. A new drawing is held each week, the winning numbers are brought from the Bitcoin Blockchain hashes, assuring no number combination will ever be altered in any way. Whenever there is a winner, the Smart Tickets notify both parties, and escrow is used in order to release and transfer the money to the winner’s wallet.

Problem

Inconsistencies, lack of reliability, overpriced services and the fact that users never know what happens behind their screens when they gamble online, are some of the problems that lottery users face when playing online (and it’s not so different when offline), there is a lot of uncertainty and doubts nearly always followed by disappointment and as a final result, a potential industry growing at a shorter pace than it should.

##Solution
Before blockchain, we knew no solution to this. But now, the there is a winner, the Smart Tickets notify both parties, and escrow is used in order to release and transfer the money to the winner’s wallet. system is capable of ensuring users that their money will go straight to a common pool, that will only be taken by winners through an autonomous and inalterable framework powered by Smart Contracts. And the “who wins”? enigma will be dictated by blockchain itself, as an unprecedented decentralized drawing methodology. Belotto.io won’t even generate the numbers, and you can check it all for yourself. No manipulation here, or there. It’s virtually flawless.

Belotto Tokens

BEL tokens are a fundamental component of the Belotto ecosystem, integrally designed to be used by users within the platform giving a pivotal value to its economy. Acquiring BEL in early stages entitle holders to benefits. You may obtain these Tokens through Pre-Sale, Sale and Second Sale stages.

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