Lottery is not a new thing in our world today, it has been an age long practice, it's still set up even till today.
Several countries has legalized the the lottery system and their administration, most often use it as a methods for raising asset for government projects.
Following this acknowledgment and adoption of the lottery gambling system, it has prompted the establishment of various lottery companies globally, to encourage its development.
The online lottery system has rendered obsolete, the traditional lottery system, and replaced it with an efficient practice.
The online lottery system has rendered out of date the customary lottery system, replacing it with a system more effective and effective.
In any case the extraordinary revolution which the online lottery system has brought, has been stagnated by a number of issues and difficulties, which has stopped the advancement of the lottery system,some if which are.....
• Lack of Transparency This is an- n extremely irritating issue in the lottery business which is because of the way that the coordinators are not so much clear in their activities and the members has almost no information on how the system is being run.
For long, this specific issue has stopped the advancement in the lottery system.
• Absence of trust- This comes ad a result of lack of transparency in the system
• Centralization and restraining infrastructure of the system is another nagging challenge in the lottery system, seeing as the entire activity is controlled by the coordinators, leaving the members at their mercy.
Be that as it may, all these is going to change on the grounds that an efficient System is here....
LOTEO
Loteo is a blockchain based automated platform, intended to reestablish trust in the lottery system by using the most recent innovations (blockchain and Smart contracts) to offer answers for the various challenges standing in the way of effective an lottery system.
The Loteo lottery platform, utilizing its profoundly refined advances, makes it altogether hard for the lottery to be controlled, along these lines bringing back the productivity which was lost, into the lottery system.
Goodness, this is in reality an incredible news for both the lottery system and the whole gambling Industry on the loose.
The way that the Loteo system is totally automated encourages transparency of lottery in the system, and to make it much progressively clear the whole task is seen on the blockchain and it is available to the members of the system with the goal that they could be in the know on the activities of the system.
Along these lines, trust is reestablished to the online lottery system, making the system productive indeed.
Loteo by embracing the blockchain technology raises the winning odds of each lottery member making it an advantageous one to the members.
Loteo additionally discards with the old and conventional centralized strategy which was available in the online lottery system, by guaranteeing that the coordinators don't control the lottery system as control is done by the blockchain technology, a system which withstands any type of control.
moreover, when the members wins the lottery, their prizes are sent naturally to their Ethereum address, by the Smart contract..
This demonstrates to you that Loteo is completely prepared to bring back the lost glory of the online gambling, and make it gainful again to the users.
THE LOTEO TOKEN
The Loteo platform has planned the Letes and the Loteu, as the perceived and acknowledged currency in the system.
Loteu is an utility token which is utilized on the system to complete transactions, for example, the buy lottery tickets, etc.
Lotes on the other is a security token which gives the holder Vote based( Democratic) power, to cast a vote, on the system.
ROADMAP
CONCLUSION
Loteo lottery platform is very much positioned to take the online gambling industry to the standard which it was intended to be.
Furthermore, it has set up everything, just to guarantee that the users gets the best out of lottery and that the worldwide economic system winds up stronger and better.
Website: https://playloteo.com/
Register Here: https://playloteo.com/
ANN Thread: https://bitcointalk.org/index.php?topic=5116114
Twitter: https://twitter.com/loteomission
Telegram: https://t.me/loteomission
AUTHOR's DETAILS
Btt username: Pweedy
Btt profile link: https://bitcointalk.org/index.php?action=profile;u=2231370
Loteo username: Sandycee
