What are the odds of you winning the traditional lottery?
Well, for starters they are not pretty nice— for a whole lot of reasons ranging from lack of transparency and transparency, corruption, the “inside man’s job”,fraud, poor deployment of technology, among several other factors.Other problems often associated with most lottery platforms are high commission fees and delays in redeeming winnings.A system that can adequately address the aforementioned problems will be a huge boost to the users' morale and encourage better participation in this multi-billion dollar industry. The Donocle Global lottery platform focuses on these challenges and creates a working system that is centered on better lottery experience.
The Donocle Global lottery
The Donocle Global lottery is one without boundaries, without the hidden operations as everything is as open as it can be. It is a blockchain-based digital lottery platform that focuses on the individual player as well as the community of players in a fair and transparent circle.
How Does it work?
Donocle is a combination of two words : “Donate” and “Circle” — Donations are made by participants/players as they purchase tickets for the draws based on their game of choice, Tickets can be purchased using a variety of different crypto-currencies (Bitcoin,Ripple, Ethereum, Litecoin, Ethereum Classic etc) or with the Donocle DNL/MIB coins/tokens. Each tickets sells for 0.0001 BTC or 10,000 satoshis (or its equivalent in any acceptable tokens).Users need to sign up for free here to purchase tickets
Proceeds from the “donations” or ticket sales, or from playing games on the platform are then entered into a pool for the “circle” phase to reward specific winners as well as the entire community of users who support the platform by staking the Donocle/MiB token(through the POS system). This means that everyone is both a potential winner in each draw and an actual beneficiary through it automatic airdrops/giveaways in the funds “circle’ phase(on the condition one holds DNL or MIB in their POS web portal.
The entire process of the Donacle Lotto draws from ticket purchase to the actual draws are executed on the blockchain, based on a smart contract.The value of the bitcoin nonce at the time of the draws is used as the raffle number.They are therefore transparent,impartial, fair and devoid of any human interference or manipulations. Donocle also adopts the Open Data Flow (ODF) which enable users to be able to track and monitor the transfer of their winnings.Payments are executed as fast as possible. With the help of the blockchain, the Donocle Lotto platform is able to give her users a transparent and an impartial platform and protect them from frauds.
A prevalent problem in many lottery platforms is high commission fees on winnings, and this is a deterrent in many users. Donocle boasts of offering its users a zero/low commission fees to ensure users have enjoy optimum benefits from their winnings
The Donocle Proof Of Stake System
As indicated earlier, Donocle devotes a certain portion of all proceeds from tickets purchase and games to rewards all participants of the platform through its POS system — 10 per cents. The POS help users generate a more stable profit that are not transaction based. The POS rewards/airdrops are paid out automatically after each draws with a maturation of 15 days to all token holders. The airdrops can be an assortment of different token types depending on the type of tokens used in purchase of tickets.It is the profit allocation system of Donocle, users only need to commission MIB coins or Donocle to the Donocle POS website.
Giving Back to Society
Donocle is also a Socially responsible platform as it devotes 3 per cent of all it proceeds from donations/tickets purchase to charities, Only 17 per cent is reserved for running and maintaining the platform.In conclusion,
Donocle is a lottery platform that is not limited by geographical restrictions, truly global reach, offers a transparent,fair and impartial game/lottery system with the help of the blockchain, offers amazing zero/low commission fees, quick transfers of winnings, passive income that are not transaction-based through its POS system, Socially responsible through its charities and an overall excellent user experience.
Sign up for Donocle at https://lotto.donocle.io/Facebook page : https://www.facebook.com/donocle/
Twitter page : https://twitter.com/Donocle1
Telegram: https://t.me/donocle1
Wallet : : https://www.mibwallet.com/wallet/walletNew
Other Publications: https://en.bitcoinwiki.org/wiki/Donocle
Exchanges that has listed DNL or MIB:
https://www.coinbene.com (MIB)
https://www.probit.com (MIB)
https://www.idcm.io (DNL)