LOTEO : Future Blockchain for Lottery

LOTEO

The development of cryptocurrency has penetrated various industries today, ranging from banking, buying and selling transaction markets and others.

one of the things that most adopt cryptocurrency is a lottery, the lottery is popular in various countries, but not all countries legalize lottery, especially lottery is identical to gambling. Legal issues in one country have resulted in many people being unable to participate in the lottery.

In addition to the lottery/gambling legality problem, there is still a lot of debiting, especially in places where legal gambling takes place, there is still a lot of fraud and a lack of transparency in the process of participating in gambling, judging, winning arrangements and so on.

To answer this challenge, we made tokens that would adopt the blockchain to take the form of gambling or lottery, which we named LOTEO

LOTEO is an automatic digital lottery, using code that people will run.

The lottery is a very popular form of gambling, but they face a number of old problems. Country can

restrict citizens to participate in the lottery, or they can limit their choices in one country monopoly. Trust in conventional lottery organizers has been eroded through scandals and shortcomings transparency that has existed since the beginning of the game.

How does LOTEO work?

LOTEO will draw Ethereum user addresses every week or every day, which can be monitored directly through the Github and Ethereum networks. if you win the lottery, you will get 75% of the prize, which will be sent directly to your Ethereum wallet address.

easy right?

In addition to easy access, Loteo will provide trusted service, namely by looking at the code directly through a combination of international reach, having transparency

and automation. it aims to build a transparent digital gambling market in the community.

LOTEO Solution

Loteo platform, fully automatic and very different from conventional lotteries.

The differences in conventional lotteries with Loteo are:

1. Opportunity to win

the odds of winning on LOTEO will be greater than conventional lotteries because in lotto the number of combinations will be smaller than the standard lottery and the use of the blockchain system will create transparency and you can track transactions directly.

2. Transparency

All Loteo transactions and prizes can be seen on the blockchain at any time.

3. Trust

A cryptocurrency requires trust. By being ruled by a smart contract, a trust will be achieved by itself.

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Loteo Token

The Loteo Token is LOTEU and LOTES, Lotes is a Loteo Security token(LOTES) and the Loteo is Utility token (LOTEU). Loteu will be made as a utility token that will be used for marketing purposes in gambling/lotteries. In the process, loteo will use the token burning method, the improvement is to equalize the offer between loteu and lotes, burning loteu tokens will be done every quarter. until the price of Loteu reaches 0.1 euro / Loteu token.

Loteu Token