Review Loteo — Digital Era Lottery |
Hello everybody nowadays i will be able to be evaluating a blockchain-related project. This is LOTEO project.
Basically this is often not the sole project victimization Blockchain technology in card games. however i am affectedby the manner they operate and ar authorised for this project.
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 www.playloteo.com . This token grants house owners a chance to take advantage of being a part of a lottery while not being attendees in quantity two hundredth of every prize total worth. The LOTES square measure fast for fifteen months and through now it’s out of the question to shop for or sell them anyplace else. when the primary fifteen months pass, can|there’ll} be another funding spherical throughout that LOTEO will sell a minimum of half-hour of all tokens in compliance with legal and restrictive necessities. All details are discovered before this event. when mercantilism these tokens, the token are listed on exchanges. when fifteen months,maximum two hundredth of all security tokens are closely-held by the lottery whereas eightieth are redistributed, preventing the lottery from being manipulated. The token conjointly includes a governing operate, that means any vital modification should be achieved by accord and any token holder will issue a suggestion or selection.
There are 2 tokens: The Loteo Security token(LOTES) and the Loteo Utility token (LOTEU).
Security Token
LOTES is a security token which is meant to be sold only in private funding round (the STO) to accredited contributors from venture capital funds. There will not be a public sale. This token grants owners an opportunity to prot 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 rst 15 months pass, there will be another round of the private sale during which LOTEO will unlock 30% of all tokens and those will be sold to accredited contributors or VC in private deal. After selling these tokens, the token will be listed on exchanges
that oer security tokens trading. After 15 months, 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 signicant change has to be achieved by consensus and any
tokenholder can issue a suggestion or voting.
Utility token
LOTEU is a utility token that will be used for marketing purposes. When you buy an additional entry into the lottery with 100 LOTEU, you double your chances of winning the lottery. It doesn’t raise the prize, but it increases your ticket number in the pool. There will be a quarterly burning event,
which will be public, where 20% of all used and received tokens will be burned. Burning event will take place until the total supply of LOTEU is the same as the total supply of LOTES — 100 000 000, or when LOTEU starts being accepted as a payment method for buying a lottery ticket. There will be
many airdrops of this token directly for the community and through LOTEO’s marketing partners, and there will be a lot of different competitions that will be rewarded with LOTEU. The LOTEU tokens will also be distributed through bounty campaigns in accordance with LOTEO’s marketing plan and official announcements through communication channels. There is a future long-term staking plan with LOTEU for B2B platform purposes that will be specified before the project second funding round takes place. The price of 1 LOTEU is not precisely specified as there is no sale event, the market will
set up its price, but the present value is marked at 0.1€/ 1 LOTEU.
LOTEO is functioning with its legal partners in order that it will adjust to laws from round the world and avoid any attainable law breaking. LOTEO has had many consultations with authorities and commission and it will receive needed documents so as to attain its goal. That is, why LOTEO has established an organization in Curacao that applied for an internet gambling licence with a subsidiary in Cyprus. concerning this structure, LOTEO will receive a worldwide on-line gambling licence.This excludes the USA, because it is prohibited by the federal law.For this functions LOTEO and every one mechanisms need to be clearly specified , proved and guarded against any attainable fraud, hack, or the other harmful act that would cause any quite issues for its users or LOTEO. LOTEO guarantees to behave transparently. due to blockchain, all transactions ar auditable at all times. LOTEO can rent AN external audit company which will watch out of all audit duties connected
to the article of its business. For all ancient payment services (VISA, MasterCard, Qiwi, PayPal, WebMoney, mobile message payments etc.) for users from EU LOTEO can use its subsidiary in Cyprus. LOTEO can exclude all U.S. set contributors from its funding set up. Periodicity of licensing: 1year
Personally, I am the top project to beat you to apply blockchain technology. If you have a bridge then this will be an interesting place to experience everything. In the future, the project will launch more interesting features and games to increase the experience of users. For more information about this project, you can refer to the following links:
Facebook: https://www.facebook.com/loteomission/
Twitter: https://twitter.com/loteomission
Telegram Group: https://t.me/loteomission
ANN: https://bitcointalk.org/index.php?topic=5116114
I am Chill Andrew. My bitcointalk: chillandrew1511 and link: https://bitcointalk.org/index.php?action=profile;u=2575495
Thanks for reading this article and see you again !!!
