LOTEO - digital era lottrey

Hello for everything, this time we will discuss this time with the "lottery". Do you know what a lottery is? Have you ever played it? Or did you previously have won a big victory in this chance game? Well, yes or no, but in fact our discussion this time is not about lottery wins or lottery losses, but the main topic we will peel out in this article is a lot of things about lotteries that are guaranteed to be unknown to you, not even lottery winners. Curious? just check below:

LOTEO is an automated platform using cryptocurrency and blockchain as smart contracts to make lotteries make transactions very transparent and trustworthy, this is a very high opportunity if we compare conventional lotteries, LOTEO also gives satisfaction and makes us winners because the transparency is for us, don't worry if we are cheated.

Only with the capital of trust ordered by smart contacts from individuals and in bulk, this can be seen if we make transactions and have them on the blockchain at any time. Thanks to the blockchain, this system is transparent and you can track all transactions. You have the chance to win every time the lottery takes place because you only bet against certain participants.

There are many problems with the current blockchain-based digital gambling platform. They are often too complicated, only suitable for crypto fans, offering non-sophisticated designs that are not attractive or user-friendly.
How do lotteries work?
Users enter the lottery by buying a single ticket for the LOTEO weekly lottery using Ethereum cryptocurrency or through third party merchants. Each Ethereum wallet address that has purchased an entry is then registered as a participant in the LOTEO weekly lottery. Later on, LOTEO will add daily lotteries that are governed by the same rules.

LOTEO lotteries will be executed through smart contracts that will use a random number generator (RNG). The collection of images only consists of lottery tickets (based on the Ethereum address of the appetizer) instead of drawing random numbers, therefore each image must have a winner.

After the lottery winner is selected, the smart contract will send the prize automatically to the appropriate Ethereum address. Prizes will be divided in the following ways:

Advantages for users
Chances to Win
Chances to win are much higher than in conventional lotteries because of our mechanism.

Winner every drawing
Unlike conventional lotteries, where you need to tip the right combination of numbers and where the winner arises once a year, in LOTEO we have a winner every drawing.

Biggest slice for the winner
75% , no other competitor has the same %

Trust
By being governed by smart contracts rather than governments or private individuals, the drawing process becomes automated and trustworthy.

Transparency
Thanks to blockchain technology and using cryptocurrencies for lottery entry, LOTEO is 100% transparent and all transaction as well as prize splits can be viewed at all times, instead of traditional lotteries, where you {"don't"} know number of attendees, prize amount, nor even if its fair nor manipulated, as there is central authority.

Broad payment methods
LOTEO feels a strong need to provide the best user experience, that our customer, especially non crypto familiar are used for, {"that's"} why there will be integration of credit card payments as well as mobile message payments.

Speed
Thanks to blockchain technology and cryptocurrency usage Loteo is incomparably faster than traditional lotteries.

Higher chances to win
Chances to win are much higher than in conventional lotteries.

Loteo charity
LOTEO aims to become profitable platform for its contributors while providing a generous lottery for its users. The people who created LOTEO believe that it is the duty of all profitable businesses to give a portion of the wealth back to charities, nonprofits and other organizations devoted to making the world a better place.

Innovation and technology may improve life for most of us, but it is important to not forget about those who are being left behind and are in need of some extra help.

You can donate here

Token structure & usage
There are 2 tokens: The Loteo Security token(LOTES) and the Loteo Utility token (LOTEU).

Security Token
LOTES is a security token which is meant to be sold only in private funding round (the STO). There will not be a public sale, for all investment requirements please fill the form on website. This token grants owners an opportunity to profit from being part of a lottery without being attendees in amount 20% of each prize total value. The LOTES are locked for 15 months and during this time it is not possible to buy or sell them anywhere else. After the first 15 months pass, there will be another funding round during which LOTEO will sell at least 30% of all tokens in compliance with legal and regulatory requirements. The price and all details will be revealed prior to this event. After selling these tokens, the token will be listed on exchanges that offer security tokens trading. After 15 months, 20% of all security tokens will be owned by the lottery while 80% will be decentralized, preventing the lottery from being manipulated. The token also has a governing function, meaning any significant change has to be achieved by consensus and any token holder can issue a suggestion or voting.

Utility Token
LOTEU is a utility token that will be used for marketing purposes. When you buy an additional entry into the lottery with 100 LOTEU, you double your chances of winning the lottery. It doesn’t raise the prize, but it doubles your ticket number in the pool. There will be more airdrops of this token through LOTEO’s marketing partners and there will be many more competitions that will reward LOTEU. The LOTEU tokens will be also distributed through bounty campaigns in accordance with LOTEO’s marketing plan.

FOR MORE INFORMATION:
WEBSITE:https://playloteo.com/
ANN:https://bitcointalk.org/index.php?topic=5116114
TWITTER:https://twitter.com/loteomission
FACEBOOK:
TELEGRAM:https://t.me/loteomission

AUTHOR: KUSUMA253
BTT:https://bitcointalk.org/index.php?action=profile;u=2346695
ETH:0x5dd425EeDF3D2652fc0223eBD88F132C5324a964