ICO Review DreamPot

What is dreampot

Dream Pot is an online decentralized lottery, based on the blockchain technology. The whole process is managed by a smart contract without anyhuman factor involved.

The lottery is open and its fairness is enabled by the Ethereum network itself. Total prize pool can reach the amount of $ 1 000 000 000, which can beclaimed as the largest prize in the history of lotteries.

HOW DOES IT WORK

The lottery is a complex of several related lotteries: hourly, daily, weekly, monthly, annual and super jackpot.

It is enough for the user to buy only one ticket to participate in the draw of all the available lotteries. In each lottery, with the exception of the super jackpot, there are 10 winners, which increases the chance of a user winning every round 10 times.

To determine the winners, a random number obtained from the Oraclize system is used. This service has established itself as a reliable and certified service for generating random numbers, directly sends a large random number to the lottery bypassing our test, which eliminates the possibility of falsifying results.

TECHNOLOGY

Ethereum

DreamPot is built on Ethereum, a next-generation decentralized distributed network protocol that enables advanced smart contracts — agreements, that operate automatically, without the need of human control. Ethereum is decen-tralized and safe; it provides transparency to all operations on the platform.

Metamask

To make our platform even more secured, all processes are done with MetaMask. It is a Chrome plugin which allows you to run Ethereum DApps right in your browser, without running a full Ethereum node. MetaMask includes a secure identity vault, providing a user interface to manage and sign decentralized distributed network transactions.

Oraclize

Smart contracts live like in a walled garden,they cannot fetch external data on their own.Oraclize is here to help. We act as a data carrier,a reliable connection between Web APIs and your Dapp.There is no need to open additional trustlines asour good behaviour is enforced by cryptographic proofs.

now does dream pot lottery work

Main lottery mechanism is a decentralized platform based on blockchain technology and using smart contract for collecting and distributing funds. Winning ticket numbers are identified randomly. Correct randomization is empowered by the Oraclize technology.

Oraclize system has a random number generation for gambling architecture, which enables smart contracts to receive a random number from a trustedsource, without having to rely whatsoever on the data carrier.

Such drawing winning numbers model offers higher, mathematically binding guarantees of fairness thanks to open (and third-party auditable) authenticity proofs. The solution developed by Oraclize demonstrates that the data fetched from the original data-source is genuine and untampered. This is accomplished by accompanying the returned data together with a document called authenticity proof.

Thus, dreampot.io generation of numbers is based on a unique and autonomous formula that is proven impossible to be manipulated. Mechanisms built into smart contracts exclude the possibility of their being influenced by the lottery managers. Neither winning numbers nor lottery tickets can be faked.

user risk notification

The User understands and accepts the risks in connection with the lottery, such as:

RISK OF SOFTWARE WEAKNESSES: The User understands and accepts that the Ethereum concept, the underlying Ethereum blockchain is still in an early development stage and unproven, that is why there is no warranty that the process will be uninterrupted or error-free and why there is an inherent risk that the software could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of ETH and/or Tokens.

REGULATORY RISK: The User understands and accepts that the blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing, blockchain technology-based applications, which may be contrary to the regulation today.

RISK OF LOSS OF PRIVATE KEY: The User understands and accepts that if his password respectively got lost or stolen, the obtained cryptocurrency associated with the Userʼs account or password will be unrecoverable and may be permanently lost.

RISK OF ETHEREUM MINING ATTACKS & HACKING ATTACKS: The User understands and accepts that, as with other cryptocurrencies, the blockchain used for the Ethereum is susceptible to mining & hacking attacks.

The User also understands that Dream Pot D.P. will not provide any refund of the purchase price for ETH under any circumstance, thus, the User accepts sole and exclusive risk for the purchase of ETH through our Website.

Funds collected from ticket sales will be allocated to the prize pool as follows:

Hourly lottery – 40%

Daily lottery – 10%

Weekly lottery – 5%

Monthly lottery – 5%

Annual lottery – 5%

Super jackpot – 15%

Commission – 20%

what is the token address

Address: 0xfa45a09e17056d352BfE7f75d5D2c9dEbedDaeE5

Tokenname: DPT

Decimals: 0

Token type: ERC-20

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