Hi Guys, it's been a long time on this page. I had to come pitch this great project to you because I know its the only thing that worth taking me out of my sabbatical.
I'm here to tell you about LOTEO. Yes, you are right, it is about LOTTERY.
Lottery isn't something new to our society because it has been with us since 1449 when the first lottery was held in Milan organized by the Golden Ambrosian Republic on January 9th, and it was done to finance a project (you can check that out yourself, an assignment for you lol).
The word lottery is actually from the Dutch word "LOT" in English, which means "FATE." So, it means when you participate in a lottery, you have a 50/50 chance of winning or losing. So, if you are lucky, you will, and if not, you lose whatever you invested.
But has the system been fair? Is the 50% chance of winning not tampered with by the so-called organizers or companies behind this lottery. I will answer that question for you; THEY HAVE NOT BEEN FAIR. We have read cases where lottery winners are denied their winning and other scenarios, but LOTEO has come to eradicate all that. So let's dive into why
LOTEO is different from them all. I will mention two now, and we dive deeper later.
LOTEO cut across all countries and region. No Restriction. Some platform might restrict some people or countries from participating, but with LOTEO, you are all welcome to join any lottery you so desire.
LOTEO is fair. Your chance of winning isn't interrupted or tampered with by any man as the lottery is executed via a code on the blockchain and can't be controlled.
You see, you can join any and you can also win.
If you are a tech guy, you can check LOTEO on GitHub. I will be going more in-depth now.
LOTEO doesn't require KYC/AML. All you need do to join a lottery is to register on their platform, deposit ETH, and you are good to go. If you are entering with FIAT, then you might have to do KYC, and a third party will handle that, so LOTEO doesn't keep records of your details. Less stress with the legal thing and less document handling. You play on a secured blockchain and enter using secured cryptocurrency. So what you need to do is register here, make ETH deposit and play.
So before I end this, let me tell you how it works.
- You join the weekly LOTEO lottery by purchasing a lottery ticket with ETH or FIAT using a third-party merchant. Each purchase address is registered as a participant for the weekly lottery (daily lottery will be added later).
- For transparency, the lottery will be executed via a smart contract using a certified Random Number Generated.
- Another smart contract will draw a pool consisting of all the addresses (entries) that purchased ETH to join the lottery.
Here, after every drawing, there is always a winner.
- A smart contract will send the prize to the winner(s) automatically to the same ETH address(es) he/she used to purchase ETH.
The prize will be splitted in four ways;
- 75% for the winner
- 4% for affiliate
- 20% for LOTES owners (hodlers) according to their power
- 1% to charity chosen by the LOTEO community
The minimum ticket purchase price is €10 and a year-long entry ticket of €520.
There you have it guys, here is another opportunity to make money on the side. LOTEO is a TRANSPARENT and TRUSTED PLATFORM, so go for it.
You can also check or reach them on the following platforms;
WEBSITE
WHITEPAPER
TWITTER
TELEGRAM
GITHUB
AUTHOR
Username: Miracle24
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