LOTEO VS REGULAR LOTTERY

LOTEO - Restoring dignity to the lottery industry.

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Blockchain technology is one of the breakthrough in the ongoing development of the world today. This development has made life easier and convenient for us. Blockchain technology is an improvise technology with a lot of benefits. It allows for safe and transfer of data, creation of a decentralized based system, improved speed and efficiency etc. A blockchain is growing list of records and by design it is resistant to data modification as it is built using cryptography which is difficult to compromise.

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The blockchain technology has been adopted for use by different sectors and industry in the world today. This technology has gone beyond it expectations in revolutionizing the world. It ensures an increased efficiency, speed and scalability of operations in any industry or sector that adopt it.

The blockchain technology enabled the creation of the crypto-currency. In otherword, it is the fundamental of the cryptocurrency. Crypto-currency is digital currency free from the flaws of the normal currency. It great attributes has help improved the world economic industrial and financial sector and driven them to another level.

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Owing to the unique features of the blockchain technology, the lottery industry decided to adopt this technology for use in it operations.

Lottery which is prominent form of gambling is been affected by a number of issues. This issues has slowed down the industry, led to it lost of dignity and reduced participation in the industry. This issues includes lack of trust and transparency, high level of centralization of operations, ban in some countries due to moral reasons, monopolization of operations by government and lots more. This issues are associated with the regular lottery system.

To tackle this issues, the lottery industry has adopted the blockchain technology in the creation of digital platforms from which operations would be done seamlessly and safely.

I WANT TO INTRODUCE YOU TO LOTEO - RESTORING DIGNITY TO THE LOTTERY INDUSTRY

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WHAT IS LOTEO ?
LOTEO is a blockchain based digital platform designed to provide stable solution to the issues affecting the lottery industry. It operations are executed through codes governed by smart contract.

It aims at providing a complete transparent lottery system, based on trust and system where the chances of winning of every participants is increased.

WHAT ARE THE SOLUTIONS PROVIDED BY LOTEO ?
The solutions provided by LOTEO are long lasting and reliable. They include;

(1) INCREASED CHANCES OF WINING; The chances of winning a lottery which is somewhat low has had a great deal of effect on the lottery industry. As this has deterred a lot of people from participating in the industry. Not to worry about that because loteo has developed techniques which will ensure an increase in winning chances of every participant. This increased in chances of winning will act as an incentive to people encouraging them to participate in the industry.

(2) IMPROVED TRUST AND TRANSPARENCY IN LOTTERY OPERATIONS; The regular lottery is plaque with lack of trust in it operations.With the operations being governed by smart contract, loteo guarantees a perfectly transparent system for lottery operations. Transactions done and the code of every draw will be made public after all draw on ethereum network and Github for confirmation by participants. This will guarantee trust in the lottery industry.

(3) IMPROVED AND SEAMLESS PAYMENT AND REGISTRATION METHOD; This is a very unique benefit of loteo. The lottery ticket on loteo platform is purchased using the platform currency called Lotes or Loteus. The ticket is registered using ethereum address of the participant. For those without the platform currency, loteo will enable the ticket to be bought using ethereum crypto-currency or any crypto-currency and for those without crypto-currency, the conventional currency like dollar, euros, rand etc can be used to purchase the ticket through third party merchant.

However, an ethereum wallet address will be required, as the reward will be sent automatically to the ethereum address of the winner which was used as the lottery ticket via smart contract.
Unlike the regular lottery whose registration method are stressful and the reward are given late or never given.

(4) PROVISION OF USER FRIENDLY INTERFACE: Loteo makes use of an interface which is user friendly and with best user experience suitable for both crypto familiar users and non-crypto familiar users.

How To Participate In The Lottery.
Register an account via: https://playloteo.com
Enter the lottery by purchasing ticket for the draw using your ethereum wallet address. The ticket is purchased using ethereum crypto-currency or a third party merchant.
The lottery is executed via smart contract that will utilize a Certified Random Generator (RNG).

After the draw winner is selected through the smart contract, the prize is sent automatically to the ethereum wallet address of the winner via smart contract.

LOTEO TOKENS
LOTEO has two tokens both of which will be used for smooth running of operations and ensure a transparent system.
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LOTEU is an utility token that is used for marketing and transaction purposes on the platform. It the token that is used for purchasing a lottery ticket.

LOTES is a security token which is used on the LOTEO platform. An owners of this token can issue a vote or raise a suggestion. Also it is used to achieve consensus to effect a change.

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