🍀[ANN] Belotto - The new decentralized standard for lotteries! 🍀 - page 4.

BelottoICO

copper member

Activity: 17

Merit: 0

In the future how much lottery random in 1 month for Jackpots?

EDIT: Just few words

No deductions will ever be applied to jackpots, as the administrative fees are automatically distributed by Smart Contracts before every new
addition.

Be sure to check out our Litepaper for more information:
http://belotto.io/download/belotto-lp-english/?wpdmdl=18

BelottoICO

copper member

Activity: 17

Merit: 0

Quote from: ?? on ??

how will be worked your lottery platform and what does it have different from other lotteries plarforms?

Please refer to the answer above.
If you're still uncertain about anything, feel free to ask any other questions! Cheesy

BelottoICO

copper member

Activity: 17

Merit: 0

Quote from: Digital Galaxy on April 28, 2018, 11:57:49 AM

What is the purpose of Belotto project? There are already many projects of decentralized lotteries. What is your difference from them?

That is true that there are many lottery concepts but we are the first that implements blockchain into it the way it should be. The №1 bitcoin lottery doesn't use blockchain at all (tickets can be purchased through lottoland). We can only guess what share of the ticket price is going into the jackpot pool. But through the implementation of smart contracts and smart tickets, draws from the blockchain, transparency will be achieved. It actually is a priority of this project, to make lottery fair, transparent and fully enjoyable

What Makes Belotto the Best Lottery?

▪   No location-based restrictions
▪   Receive jackpots in full - 0% deductions
▪   No more fake data - accumulated prizes and winners
▪   Know the numbers in real-time
▪   100% transparent drawings.
▪   Validate the winning numbers yourself.

https://medium.com/@belottoico/first-gambling-ico-using-a-smart-contract-6804bacbc603

anobtc

member

Activity: 1176

Merit: 12

Vietnamese Translator™ https://goo.gl/7inMji

I read about the opportunities, i mean the winning rate of you system is 1 in 50,063,860 for Jackpot prize. I think it's still low (may be i'm too greedy Grin

) when in early stage there aren't many users? I mean you can add other prizes, such as two, three, etc digits which like jackpot numbers Grin

shahbadoga

newbie

Activity: 45

Merit: 0

Good project I ssume everything would be made through smart contracts, so when someone wins they'll instantly receive their winnings, right?

Nurlou

newbie

Activity: 65

Merit: 0

Quote from: ?? on ??

A great project and I am looking forward to the ICO

In fact, it is LIVE now! Check it out on their website!

megha8866

newbie

Activity: 26

Merit: 0

Suprb project management
have we to make any type of regitration to participate in your presale and is there any minimum invest? I am very interesting in this project and i like to invest on it

Digital Galaxy

member

Activity: 224

Merit: 10

What is the purpose of Belotto project? There are already many projects of decentralized lotteries. What is your difference from them?

Nurlou

newbie

Activity: 65

Merit: 0

By the way, PRE-Sale begins today! In 5 hours to be exact.

dustedlock

newbie

Activity: 55

Merit: 0

Here's a link for the Belotto bounty group on telegram:
https://t.me/belottobounty

There are plenty of ways to EARN BEL tokens, and also help spread the Belotto Love! Cheesy

BelottoICO

copper member

Activity: 17

Merit: 0

Quote from: ?? on ??

the new standard in the lottery business, it is a smart and profitable idea. but a concept like this already many that appear in the market, what is the advantage of your project with others?

Also be sure to check out this article here that describes some of our unique features! Cheesy

https://medium.com/@belottoico/first-gambling-ico-using-a-smart-contract-6804bacbc603

Nurlou

newbie

Activity: 65

Merit: 0

Quote from: ?? on ??

the new standard in the lottery business, it is a smart and profitable idea. but a concept like this already many that appear in the market, what is the advantage of your project with others?

That is true that there are many lottery concepts but we are yet to see the one that implements blockchain into it the way it should be. The №1 bitcoin lottery doesn't use blockchain at all (tickets can be purchased through lottoland). We can only guess what share of the ticket price is going to jackpot pool. But through the implementation of smart contracts and smart tickets, draws from the blockchain, transparency will be achieved. It actually is a priority of this project, to make lottery fair, transparent and fully enjoyable

(Make lottery great again Grin

)

Nurlou

newbie

Activity: 65

Merit: 0

Quote from: ICOs on April 25, 2018, 06:29:54 AM

Love the idea. The sale starts in 3 days, right?

In April 28 it is! By the way, check the ICObench, they rate it as 4.4 so far.

BelottoICO

copper member

Activity: 17

Merit: 0

Quote from: poordeveloper on April 25, 2018, 06:35:19 AM

I assume everything would be made through smart contracts, so when someone wins they'll instantly receive their winnings, right?

A Smart Contract will be responsible for finding if there are winners to the drawing and if there are, proceed to confirm with the Escrow agent and transfer all the existing funds in the Jackpot to the user's wallet. If there are no winners the whole process is repeated over and the jackpot value is kept, continuously increasing until there is a winner.

More details can be found in section three of the whitepaper, starting on page 17 Cheesy

Whitepaper

dustedlock

newbie

Activity: 55

Merit: 0

Here's how BEL tokens will be used:
https://medium.com/@belottoico/learn-about-bel-tokens-df8e16a0dfd

Check it out! Great stuff here.

poordeveloper

hero member

Activity: 896

Merit: 527

₿₿₿₿₿₿₿

I assume everything would be made through smart contracts, so when someone wins they'll instantly receive their winnings, right?

ICOs

full member

Activity: 137

Merit: 100

Love the idea. The sale starts in 3 days, right?

Schopenhauer365

full member

Activity: 448

Merit: 101

how will be worked your lottery platform and what does it have different from other lotteries plarforms?

drip

jr. member

Activity: 196

Merit: 6

I was working on a team that were well underway with implementation of 'lottery on the blockchain'.

We abandoned the project after some legal discussions and coming to realize the complexities involved. It's a legal minefield to run a lottery in a single country but running a worldwide lottery exposes you to all kinds of legal issues.

For example, did you know that you need a licence to advertise and sell lottery tickets to a UK resident - even if your lottery servers are outside the country. We all know that it's possible to 'try to get away with it' - but that's not the kind of team I'd like to be involved with.

I'm happy that the project on which I worked was halted before we asked for any money from investors (despite receiving offers on discord for BTC in return for masternodes). It saved us a lot of hassle with having to issue refunds - and we'd have had to absorb the cost of transaction fees.

Nurlou

newbie

Activity: 65

Merit: 0

Quote from: DJCanh on April 24, 2018, 03:53:12 AM

Is it not like a casino?
Is it acceptable in countries, were casino is banned?

If lottery is not banned in your country, I'm more than sure it is not banned

Topic: 🍀[ANN] Belotto - The new decentralized standard for lotteries! 🍀 - page 4. (Read 2017 times)