LOTEO: Lottery based on blockchain we can all be winners

Overview

Everyone knows about it, everyone believes that, everyone wants to implement it.
Blockchain is the world's main hero of modern technology, an innovation that makes all entrepreneurs crazy and revolutionizes the way they do business in different industries.

Today not only the financial sector feels the effects of the blockchain, but also gambling, retailing, drugs, and insurance are also very affected. However, gaming is an industry that seems most attractive for blockchain technology applications. This field continues to win the love of one billion players worldwide, and it can get a new life using the blockchain.

Blockchain has begun to change the way people interact with games, by introducing new game trends: blockchain-based games provide possibilities for players and owners. Today, these types of games are casual and are built to collect and exchange operations. But, the potential for blockchain potential for the gaming industry is huge. In the near future we hope to get a unique gaming experience with ever-evolving characters and convenient in-game transactions between various games. We have already begun to move in this direction, and the first significant results in this field have been achieved.

What are the chances of winning the Lottery? Almost the same as meeting an astronaut on the road.

LOTEO IS SUPPORTED BY BLOCKCHAIN

Although it is a relatively new idea, introducing blockchain into the gaming industry has been seen in various examples:

Loteo's blockchain-based projects are successful and have proven the concept to be very effective.

LOTEO is an automatic digital lottery game run by code and not controlled by people.
In the lottery, first weekly and then every day, random Ethereum addresses from a group of users will be selected. Images will be based on a random numbering system that will have publicly available code on GitHub, as well as on the Ethereum network. The winner will receive 75% of the prize fund as a prize, which will be sent to his address Ethereum.

The possibility of winning. Unlike ordinary lotteries, where you bet with an unknown number drawn, in LOTEO you bet only on other purchased tickets, which are several thousand times smaller than the number of potential winning combinations in standard lotteries. Thanks to the blockchain, the system is transparent, and you can track all transactions. You have the chance to win every time the lottery is held, because you only bet against certain participants.
Transparency. All transactions and prizes can be viewed on the blockchain at any time.
Trust. Managed by smart contracts, not by the government or individuals, the drawing process becomes automatic.

LOTEO Features

Global lottery
Online lotteries are a measure of old trade, have existed in several types since the minimum in 19975. Online lottery markets are calculated to succeed in revenues of just $ 10 billion in 2023, growing at CAGR around May 8, 1945 between 2019 -2023.

How do lotteries work with Loteo?

Users participate in the lottery by purchasing individual tickets for the weekly LOTEO lottery using Ethereum cryptocurrency. Thus, each Ethereum wallet address that has been registered is registered as a participant in the weekly lottery. Later, LOTEO will add daily lotteries that are governed by the same rules. The LOTEO Weekly Lottery will be conducted on smart contracts using a certified random number generator (RNG). After selecting the lottery winner, unp smart cotnract will automatically send the gift to the appropriate Ethereum. All codes will be publicly available on GitHub and Etherscan.

Prizes will be divided as follows:

75% for lottery winners,
20% of LOT owners (each prize received will be redistributed between LOT owners, in proportion to the number of LOTs each user has)
1% is given to charities chosen by the LOTEO community.
4% is reserved for affiliate programs.

How do affiliate programs work?

For the first ticket purchased by registered users through an affiliate link, partners will receive 50 LOTEU (service tokens) + 4% of the cost of each ticket purchased at ETH, and new registered users will receive 100 LOTEU. Note: every 100 LOTEUs (2 registered users) double the chance to win. During the sale of LOTEPASS controls, each affiliate partner can request 500 LOTEU and 4% of the cost of each ticket at ETH.

Partners are entitled to remuneration for every sale of the LOTEOMAXX wholesale package. However, bonuses for wholesale packages (10, 20, 50, 100) can only be requested once per user per year. There is no limit of 4% of the cost of each ticket at ETH.

Economy tokens
There will be 2 tokens:

Loteo Security (LOTES)
Loteo Utilities (LOTEU).

The Lottery security labels are security tokens that will be sold only as part of the private financing round (STO) to taxpayers accredited by venture funds. There will be no public sales. This token gives the opportunity owner to protect himself from participating in the lottery without having to attend an amount equal to 20% of the total value of each prize. Lot was blocked for 15 months, and during this period it was impossible to buy it or sell it elsewhere. After the first 15 months, another round of personal sales will be held, in which LOTEO opens 30% of all tokens to be sold to accredited partners. After the sale of these tokens, tokens will be listed on various exchanges.

LOTEU service tokens are service tokens that will be used for marketing purposes. When you buy additional entries in the 100 LOTEU lottery, double your chances of winning the lottery. Many drops of this token will be made directly to the community and through LOTEO's marketing partners, and there will be many contests that will be given to LOTEU. LOTEU tokens will also be distributed as part of a campaign for prizes according to LOTEO's marketing plans and official announcements via the communication channel. There are long-term plans for future tariffs with LOTEU for the B2B platform, which will be demonstrated before the start of the second round of project financing. Price of 1 LOTEU is not exactly shown, because there are no sales,

We can all be winners with the LOTEO blockchain revolution. Let's build LOTEO together.

For further questions, don't hesitate to contact us at the link mentioned below or read the official whitepaper.

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• Website: https://playloteo.com
• Whitepaper: https://www.playloteo.com/documents/loteo-wp-en.pdf
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• ANN Thread: https://bitcointalk.org/index. php? topic = 5116114

Author: Joseph Cristian
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2122240
ETH: 0x8f0A94f868871EE4ccd00AFaAe3AcB3f0c2A27aA