LOTEO - DIGITAL AUTOMATIC LOTTERY PLATFORM USING BLOCKCHARE AND SMART CONTRACTS

Hello everyone, in this review I invite you to see how Loteo works. After this explanation: what is Loteo? Digital automated lottery platform that uses blockchain and smart contracts to create a fully transparent lottery, where your chances are incomparably higher compared to the usual lottery. Loteo LOTEO is a fully automated lottery platform that uses blockchain and smart contracts to create a completely transparent lottery where your chances are incomparably higher compared to regular lotteries. There are several problems with lotteries in the "classic" style, which we have examined with the help of LOTEO. Trust


Managed by a smart contract, not by governments or individuals,
drawing process becomes automated. Transparent All transactions and prizes are available for viewing on the blockchain at any time. Chances of winning You have a chance every time a lottery is held, since you only bet against a certain number of participants. Each game has a winner! How does the lottery work? third-party seller. Each address of the Ethereum wallet that acquired the record is registered as a member of LOTEO.

weekly lottery. Later, LOTEO will add a daily lottery regulated by the same rules. The LOTEO weekly lottery will be conducted as part of a smart contract using a certified random number generator (RNG). The draw pool will be created by another smart contract, and it consists only of lottery tickets (based on the addresses of Ethereum participants), and not among random numbers, so each draw must have a winner. If a smart contract is selected, the prize is automatically sent to the appropriate address (s) of Ethereum. All code will be publicly visible on both GitHub and Etherscan.


The prize will be divided as follows:

75% for lottery winner
20% for LOTES owners, each won prize will be redistributed among LOTES owners in proportion to the number of LOTES that belongs to each user.
w purchased a tick from a registered user
1% is given to a charity chosen by the LOTEO community.



Payment system.

Users participate in the lottery by registering their Ethereum address, which is then registered as a lottery ticket. LOTEO is in the process of negotiating with mobile cryptographic payment terminals suppliers about the future possibility of LOTEO in integrating payment terminals. LOTEO

seeks to have as many outlets as possible in accordance with all regulatory restrictions. It is also planned to use the classic, physical way of buying tickets using QR, carefully using third-party sales network. Due to different jurisdictions and many changes in legislation throughout the process, this event cannot be precisely planned and will be implemented at the national / regional level, and not at the global one. The received FIAT must be exchanged for cryptocurrencies through a broker and obtained on the LOTEO platform.



The winner will be able to change the ETH for BTC or EUR directly on the platform upon request for withdrawal. Strategy "Go to the market" The essence of the strategy consists of 3 stages of the consumer path:

1. Awareness - The Right People Hear About Loteo
2. Conversion Launches Loteo
3. Hold - reasons to keep returning to Loteo.




In addition, they are designed for 2 main target audiences.

Loteo's niche goal: a crypto-familiar audience driven by innovation to focus on the group that is already using betting / gaming platforms
Loteo Mass Market: Every day, players are driven by experience.

Token structure and usage

There are 2 tokens: the Loteo Security token (LOTES) and the Loteo Utility token (LOTEU).

LOTES is a security token that should be sold only as part of private financing (STO). There will be no public sale, for all investment requirements, please fill out the form on the website. This token gives owners the opportunity to profit from participation in the lottery, without being participants in the amount of 20% of the total amount of each prize. Lots are blocked for 15 months, and during this time it is impossible to buy or sell them anywhere else. After the first 15 months, another round of financing will take place, during which LOTEO will sell at least 30% of all tokens in accordance with legislative and regulatory requirements. The price and all details will be disclosed before this event. After the sale of these tokens, the token will be listed on the stock exchanges offering trade in security tokens. After 15 months, 20% of all security tokens will belong to the lottery, and 80% will be decentralized, which will not allow the lottery to be managed. must be reached by consensus, and any token holder can put forward a proposal or vote



Service Token

LOTEU is a service token that will be used for marketing purposes. When you buy an additional entry to the lottery with 100 LOTEU, you double your chances of winning the lottery. This does not raise the prize, but doubles the number of your ticket in the pool. LOTEO marketing partners will have more airfields, and there will be many competitions that will reward LOTEU. LOTEU tokens will also be distributed as part of a reward campaign in accordance with the LOTEO marketing plan.



ADVANTAGES

A unique opportunity to buy LOTES security tokens and become a part of LOTEO, getting an ETH with each lottery.
20% of the total prize fund is redistributed between the owners of the LOT, depending on how many LOT each
User has.
Regulation of decision making rights (choice of charitable organizations, major changes in the business model)
In accordance with the lottery success, the cost of LOT will also increase.


AFFILIATE PROGRAM

For the first ticket purchased by a user who registered via an affiliate link, the partner will receive 50 LOTEU (service tokens) + 4% of the cost of each purchased ticket at ETH, and a newly registered user will receive 100 LOTEU. Note: every 100 LOTEU (2 registered users ) double your chances of winning. During this sale of LOTEPASS, each partner can receive 500 LOTEU and 4% of the cost of each ticket to ETH. The partner has the right to a remuneration for each sale of the LOTEOMAXX wholesale package. However, the bonus from the wholesale package (10, 20, 50, 100) can only be requested once per user per year. There are no restrictions on 4% of the cost of each ticket at ETH


During the specified sale LOTEMAXX




LOTEOMAXX

You can buy lottery entries in a larger quantity - 10,20,50,100 with bonus lottery entries in the form of official tokens. You can use these records at any time in any quantity.




To find more information, please follow several sources for the following links:



author: Anisya
Bitcointalk username: Red devil

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