Project name: Loteo
Token symbol: LOTEU
Website: https://playloteo.com/
Facebook: https://www.facebook.com/loteomission/
Twitter: https://twitter.com/loteomission
Instagram: https://www.instagram.com/loteomission/
Telegram: https://t.me/loteomission

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 which LOTEO 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.
Please watch this video
https://www.youtube.com/watch?v=bW96ZC9uh6k
A Digital Automated Lottery Platform that used blockchain and smart contracts to create a fully transparent lottery, where your chances are incomparably higher compared to conventional lottery.

• Trust By being governed by a smart contract, rather than governments or private individual, the drawing process becomes automated
• Transparent All transactions and prizes are viewable on the blockchain at all times.
• Winning Chances You have a chance every time the lottery takes place,as you are only betting against a certain number of participants. Every game has a winner!
  To plays as entering table within the regular schedule as drawing from the desktop of service with the platform to gains with the selection on numbers on returns as player to modify with distinct of strategics as the occupation of tools and application to helps on extending the use on chance as the expectation to put on returns with submission as preparing new ticket on drawing with the scheme as the RNG function to draws of the result numbers on reference.

How does the lottery work?

Users enter the lottery by purchasing single tickets for the LOTEO weekly lottery using the Ethereum cryptocurrency, or through a third party merchant. Each Ethereum wallet address that has purchased

entry is then registered as a participant in the LOTEO weekly lottery. At a later date, LOTEO will add a daily lottery governed by the same rules.

The weekly LOTEO lottery will be executed through a smart contract that will utilize a certified random number generator (RNG). The pool for drawing will be created by another smart contract and it consists only of lottery tickets (based on the Ethereum addresses of the entrees) instead of drawing random numbers, therefore every drawing must have a winner

After the winner of the lottery is selected, a smart contract will send the prize automatically to the appropriate Ethereum address(es). All code will be publicly visible on GitHub as well as on Etherscan.

The prize will be split in the following way:

• 75% for the lottery winner
• 20% for LOTES owners
• each drawn prize will be redistributed to the owners of LOTES, in proportionality to how many LOTES each user owns.
• purchased ticked of the user he registered
• 1% is given to a charity that is chosen by the LOTEO community.

LOTEO Will Offer A Unique Affiliate Program:

A complete discussion is available on the website, but here are some important points.

• For the first ticket purchased by a user who registered via an affiliate link, the affiliate partner will receive 50 LOTEUs (utility tokens) + 4% of each purchased ticket value in ETH while the newly-registered user shall receive 100 LOTEUs.
• The affiliate partner has a right to be rewarded with each sale of a LOTEOMAXX wholesale package. However, the bonus from the wholesale package (10, 20, 50, 100) can be only claimed once per user, per year.
• There is no limitation for 4% of each ticket value in ETH. During the referred sale of the LOTEPASS Each affiliate partner can claim 500 LOTEU and 4% of each ticket value in ETH.

This is the beginning of the Lottery revolution and an opportunity to be part of the next generation of the Lottery system. Investments like LOTEO are a once in a lifetime opportunity.

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.

Payment system

Users enter the lottery by signing up their Ethereum address, which is then registered as a lottery ticket.

The LOTEO is in negotiation process with mobile crypto payment terminal providers about future possibility of LOTEO in payment terminals integration. LOTEO aims to have as many points of sale as possible according to all regulatory restrictions. The plan is to incorporate also classical, physical way of ticket purchasing with QR, thorough using third parties sales net. Because of different jurisdictions and many changes in law during the whole process, these event can’t be exactly scheduled and will be executed on national/regional level, instead of global. Received FIAT has to be exchanged for cryptocurrencies, through the broker and received on LOTEOplatform.

Roadmap

2019
Q1
Legal
Project funding
Testing weekly lottery
31/3 MVP ready
31/3 WEB starts

Q2
Bug bounty
Soft launch 1/5
Hard launch 1/6
Promo campaign
BTC payment available

Q3
Launch Daily lottery
Card payment
Mobile message
payments locally

Q4
Launch of 3rd game
Mobile message payments
spreading

2020
Q1
iOS & Android app
Special announcement

Q3
External API integration
LOTES unlock, 2nd PS round
LOTEO games

Q4
LOTES exchange listing

2021
LOTEO Bets - P2P Bets system
LOTEO Tickets available throught 3rd parties

2022
LOTEO B2B Platform

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Written by: linh2211
Bitcointalk user: muamuahe
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2593153
Wallet ETH: 0x093d3165a091240faf79b26f71a76aab9ed7b893