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LOTEO is a very promising project that has already attracted the attention of investors

10:23 AM

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Today, many people love to play the lottery - this is a great opportunity to earn money, relying on banal luck. Unfortunately, there have been too many fraudulent schemes lately that are aimed at taking possession of the users ’funds. You are promised a winning ticket, fabulous sums, a low level of defeat - in fact, such centralized platforms cheat players. You will buy tickets in large quantities to get only a small amount. Blockchain is actively used today in various segments - lottery games are no exception. If you understand the nuances of working with cryptocurrency and love to play the lottery, then the decentralized platform LOTEO is the ideal choice for you. The revolution in this segment is a real necessity,

About

Loteo is digital automated lottery platform that uses blockchain and smart contracts to create a fully transparent lottery, where your chances are incomparably higher compared to conventional lotteries. LOTES is a security token which is meant to be sold only in private funding round (the STO). There will not be any public sale, for all investment requirements, please fill the form on the website. This token grants owners an opportunity to profit from being part of a lottery without being attendees in amount 20% of each prize total value. The LOTES are locked for 15 months and during this time it is not possible to buy or sell them anywhere else. After the first 15 months pass, there will be another funding round during whichLOTEO will sell at least 30% of all tokens in compliance with legal and regulatory requirements. All details will be revealed before this event. After selling these tokens, the token will be listed on exchanges. After 15 months,maximum 20% of all security tokens will be owned by the lottery while 80% will be decentralized, preventing the lottery from being manipulated. The token also has a governing function, meaning any significant change has to be achieved by consensus and any token holder can issue a suggestion or voting.

FEATURE

Global lottery

Online lotteries are an established industry, having existed in some form since at least 19975. The global online lottery market is estimated to reach revenues of more than $10 billion by 2023, growing at a CAGR of around 8% between 2019-2023.

Future outlook

Global trends such as the long term increase of mobile phone penetration, internet penetration and the proliferation of blockchain technologies will provide ideal conditions for the growth of the online gambling market, including the online lottery industry.

Growth will be driven by the rise of draw-based games and scratch-off instant games across European countries as well as other developed regions. The increasing focus on investment in new technologies (including blockchain), improving the perception of lotteries, and reaching far-away audiences via the internet will propel the transformation of the market.

Current issues

Lotteries, like any form of gambling, can be manipulated against its participants, despite the high degree of scrutiny claimed by the organizers. Due to the high degree of centralization, organizers wield a considerable amount of power that is liable to abuse due to the current lack of transparency in lotteries. Even without manipulation, lotteries are profitable for organizers, with many claiming a profit margin of up to 50% on ticket sales.

Opportunities

Global drivers such as increased internet penetration, mobile and PC ownership, and the increased adoption of cryptocurrencies9 point towards greater demand for all-digital lotteries that overcomes current customer issues such as lack of trust and requirements for personal information.

Blockchain technology can not only provide a secure and transparent method of organizing the lottery, but it can also tap into new market segments, most notably the global unbanked customer segment as well as regional markets with restrictive legislation. A lottery based on smart contracts would offer an automated, secure and transparent platform for this form of gambling.

The Loteo solution

LOTEO is a fully automated lottery platform that uses blockchain and smart contracts to create a fully transparent lottery, where your chances are incomparably higher compared to conventional lotteries.

Main advantages of LOTEO 

If you are ready to become part of the decentralized LOTEO platform today, you should consider a unique option with purchasing ticket packages. This is a great opportunity to qualify for a good win every day. In addition, the developers of the LOTEO platform believe that they will be able to surprise all lottery lovers. There are several key benefits:

Excellent working mechanism. The developers of the decentralized platform LOTEO have done everything possible to ensure the efficiency of the working mechanism of the platform. Each client gets excellent chances of winning, regardless of the number of tickets purchased;


The reliability of all the jokes. Thanks to its decentralized structure, the lottery is truly transparent and fair. Here, the process of allocating funds is managed by an independent system, not by centralized bodies;

Full transparency. Using all the features of the blockchain, as well as intellectual contracts, allows you to make the gameplay transparent. Each player will be able to see the number of participants, get acquainted with the nuances of the draw;

Every draw will have a winner. This is an important distinction of the decentralized LOTEO lottery from its outdated counterparts. There you can take part in a huge number of games, but only win once a year. LOTEO developers guarantee - if you take part in a specific draw, you can count on winning it;


No crazy taxes or mediation fees. The decentralized LOTEO platform guarantees all players to receive the prize in full. Players will be able to promptly withdraw the funds received - there is also an internal wallet for this; 
Maximum speed. No long waits and other problems - take part in the draw and get your winnings.

Separately, you can focus on the issue of security that worries many. The developers of the decentralized LOTEO platform are confident that it is the bloc chain, as well as the intellectual contracts, that will help to do everything to ensure full security. No modern fraudulent schemes can interfere with the process of drawing. Fraudsters will not be able to seize your data or assets. In order to secure all transactions, there are intellectual contracts. Thanks to this approach, the developers of the decentralized LOTEO platform can guarantee complete security to all their customers. That is why you should pay attention to LOTEO.


Conclusions 

The decentralized platform LOTEO is a very promising project that has already attracted the attention of investors. The idea of ​​making games in the lottery decentralized is very innovative. Each client of the project will be able to buy tickets and participate in various contests, using their own cryptocurrency assets. A large number of investors speak in favor of the decentralized platform LOTEO - many people believed in the unique capabilities of this project. If you want to become part of a unique platform and get the opportunity to regularly fight for large prizes, then you should definitely consider the option with a decentralized LOTEO project.


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