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Topic: Lotto Nation - revolutionizing online lotteries with blockchain - page 2. (Read 710 times)

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☝️ Unique insurance solutions

We are developing a next-generation lottery environment that addresses the main weak points of online gambling. One of the unique value propositions of Lotto Nation is our insurance model that makes it easier for businesses to run a lottery. We have developed a model that mitigates the risk for paying out the large jackpots!

Lotto Nation will offer insurance coverage of all jackpot payouts in partnership with reputable insurance providers such as Lloyd’s of London, Munich RE etc. This will ensure that the insurance coverage offered by Lotto Nation will pass on the commercial liability of each lottery to the insurance company.

Thus, allowing new operators to offer large jackpots with few existing clients and to compete with established lotteries.

Payouts will only occur in the event of a win. This enables us to offer the exact same product as buying a ticket (through an insured bet on the lottery) with potentially the same or cheaper price. The margins are among the highest in the entire gambling industry.

🔹 The insurance guarantee is based on a model built on trust and convenience:

1. Each sold lottery ticket is automatically and instantly insured via our registered insurance provider that covers all winnings. This eliminates the operational risk of large wins.

2. Following the draw, winnings are automatically transferred to the players’ accounts/wallet ensuring convenience and trust.

3. Players receive an automated response with a confirmation of the ticket purchases, which can be
verified on third-party website, operated by the insurer.

4. The transparency and set-up with the insurance company guaranteeing winnings is a key reason behind the historically low churn of 2-3% monthly.

Lotto Nation is ideally positioned to become the first legally operating blockchain lottery platform worldwide with over 20 years of experience and a proven track record.



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How will we use smart contracts?

A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.

Powered by Ethereum blockchain smart contracts, all the processes from ticket sales, winning numbers, prize payouts and insurance models will be automated, transparent and fully secure. Lotto Nation will ensure complete transparency for lottery players and operators by leveraging decentralized technologies. We will eliminate the risk of manipulation while maximising efficiency. Smart contracts render transactions traceable, transparent, and irreversible.

Across the Lotto Nation platform, there are several processes and actions that we will utilise smart contracts.

🔹 Syndicate smart contracts

A smart contract will be created every time a new syndicate is set up on the platform.  This will deliver the most transparent lottery syndicate (on and off the blockchain) that currently exists on the market today.

🔹 Insurance smart contracts

Smart contracts are the answer to simplifying and streamlining insurance processes by automatically triggering payment for a claim when certain conditions are met.

🔹 Client operations smart contracts

We will create a specific smart contract for clients of the platform to deliver them greater transparency in their operations on the platform.
The smart contracts and blockchain technology provides a solution for the most crucial problems in the online gambling industry, such as rigged results, low payouts, lack of transparency due to the lack of information, and, consequently, lack of trust.

Our goal is to create a blockchain-based lottery platform that is accessible and affordable to experienced and novice players who wants to access a host of value-adding features, such as frequent draws, high jackpots, instant wins, a secure insurance model, direct communication channels, powerful analytics and a social aspect of playing.

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The first globally accessible lottery platform for the blockchain era

As the digital economy matures, blockchain is revolutionizing the way we do business and have fun. Lotto Nation is a first-of-its-kind, decentralised lottery platform run on the blockchain and powered by AI.

Lotto Nation allows any person or organisation to create and run their own lottery and invite friends, family or members to become part of a syndicate (a group of participants). Adoption of smart contracts and blockchain technology provides a solution for the most crucial problems in the online gambling industry, such as rigged results, low payouts, lack of transparency due to the lack of information, and, consequently, lack of trust.

Decentralised lottery platform allows companies, charities and individuals to connect with players through the most reputable and acknowledged technology!

Lotto Nation is the first globally accessible lottery platform for the blockchain era that unites companies, charities and individuals into a decentralized, transparent and fair ecosystem.

For more facts about Lotto Nation, please visit our website at https://www.lottonation.com



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What is Winners Group

Winners Group is a Nordic company providing an innovative next generation software solution designed to enhance the experience of participants and continue to be the meeting point between technology, fairness and entertainment. As one of the main players in the Nordic market, company has been going strong for over 20 years!

Winners Group is the only operational platform to integrate the latest blockchain technology alongside a proven and successful B2B and B2C solution for the lottery market.

Since 2017, our main focus has been on white label solutions and B2B customers, and now Winners Group provide a fully-integrated, customizable B2B online lottery platform.

Extended knowledge, experience and successful business model, combined in-depth industry knowledge are integral components of new brainchild - Lotto Nation.

Lotto Nation will be the world’s first hyper-connected lottery platform and will be changing the way lotteries are run today by creating a global blockchain-based platform that connects lottery players and lottery providers directly.

The team behind Lotto Nation has a strong track record of delivering game-changing solutions to the lotto industry!

Want to find out more about Winners Group? Visit our website at https://www.lottonation.com/ today!



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Today, lotteries are the most rapidly growing sector of online gambling

People like to risk a little to win big. The fantasy of becoming an overnight millionaire has turned the lottery business into the $300 billion industry that it is today.

Despite this phenomenal growth, lotteries around the world are plagued with problems. The lack of transparency results in rigged jackpots and largescale fraud scandals.

None of the existing solutions has succeeded in addressing the issues currently faced within the lottery industry worldwide.

Our mission is to reshape the lottery industry and in doing so – take it to the era of decentralization. Blockchain technology is the next logical step in the evolution of lotteries! Blockchain technology is opening the door for fairer, safer, and more transparent lottery platforms that could revolutionize the industry.

By changing the way lotteries are run and how participants interact – we will be able to create a global platform built on the blockchain that connects with the real needs of lottery players, lottery providers and charities.

Our mission is to become the best fully licensed blockchain lottery in the world and we’re in the first step of bringing our vision to life with the new generation of lottery built on the Ethereum blockchain!


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A platform that will create a paradigm shift in the online lottery industry

The Lotto Nation team is currently developing a platform that will create a paradigm shift in the online lottery industry and solve all issues.

The ultimate goal of Lotto Nation is to remove the risk inherent in the current system by making it decentralized, transparent and trustful for everyone involved.

After the IEO, Lotto Nation will fully implement and run a blockchain-based platform with its own set of protocols, where companies and charities can run their own lotteries with custom features to meet their specific needs and requirements.

Lotto Nation will be the leading worldwide decentralised lottery platform run on the blockchain, that allows companies, charities or individuals to connect with players through the most reputable and acknowledged technology.

We are disrupting the $300+ billion lottery market! We will create a global platform built on the blockchain that connects with the real needs of lottery players, lottery providers and charities.

Want to find out more about Lotto Nation? https://www.lottonation.com



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Traditional lotteries: what you need to know

The lottery industry is the most widespread form of gambling! Lottery business has steadily been increasing the share of the global gaming market since 2013, from $ 187 billion in 2004, up to $ 294.3 billion in 2016 with a projected market cap of US$ 379 billion, for a total growth of 25.5% and a CAGR 9.44% by 2021.

Despite this phenomenal growth, traditional lotteries are plagued by a host of issues and inefficiencies - the result, a lack of trust between players, developers and service providers.

The lack of transparency results in falsification and largescale fraud scandals. Needless to say, the odds of winning a lotto jackpot are not particularly good, and the limitations of the current government and private lotteries are turning away a great number of players as fairness is difficult to demonstrate even for genuine lotteries. There are many other problems with traditional and online lottery systems. For example, starting from game selection, the transparency of random number generation and payment process will greatly affect the player’s gaming experience.

Problems with trust, security, transparency, limited lottery options, unreliability, a lack of a social component and small jackpots are all contributing to the loss of players.

There is a pressing need for an overhaul of the whole online lottery industry! And we have a solution! Want to find out more about this?

Visit our website at https://www.lottonation.com today!



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How Lotto Nation works

We are creating a new type of a worldwide decentralised lottery platform run on the blockchain, that allows companies, charities or individuals to connect with players through the most reputable and acknowledged technology.

Lotto Nation will be an ecosystem consisting of its own blockchain-based platform with masternode functions, hybrid consensus algorithm, LNT tokens, smart contracts, participant wallets, affiliate program, third-party insurance audit and mobile applications.

We are developing a next-generation lottery environment that addresses the main weak points of online gambling. The fully automatized and decentralized solution will serve as the world’s first hyper-connected, smart contact-based lottery Ethereum platform. Thus, Lotto Nation is introducing blockchain technology into the online gaming industry together with a new level of transparency and availability of lotto playing from any part of the world.

The backbone of the Lotto Nation platform will be several features and services that provide ironclad assurance of security and reliability of the professional-grade platform.

Leveraging ubiquitous technologies, Lotto Nation enables the convergence of existing, but fragmented systems, and creates the basis for immersive online gaming!

Want to find out more about Lotto Nation? https://www.lottonation.com


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Key benefits of Lotto Nation

The Lotto Nation team is currently developing a platform that will create a paradigm shift in the online lottery industry. The Lotto Nation is to remove the risk inherent in the current system by making online lottery decentralized, transparent and trustful for everyone involved.

Lotto Nation is ideally positioned to become the first legally operating blockchain lottery platform worldwide with over 20 years of experience and a proven track record. Lotto Nation has a number of strategic advantages to become the leading worldwide lottery platform run on the blockchain and set a new standard of interaction for charities, businesses and players.

Our decentralised platform is:

SMART. Everything is based on smart contracts.

PROVEN. Winners Group is fully operational and our solutions are enjoyed by players around the world.

RELIABLE. Full decentralization of the platform makes it independent, autonomous, anonymous, secure and transparent.

INNOVATIVE. Lotto Nation offers a scalable, modern approach to the lottery market.

INCLUSIVE. Anyone with Internet access can participate in or start their own lottery.

Lotto Nation is an ecosystem at the interface of the most advanced technologies with multiple benefits!

Want to find out more about Lotto Nation? https://www.lottonation.com


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Development of online gambling in the world

The first online gambling platforms appeared in 1995. For more than a decade, they have steadily developed and attracted more and more players. Now online gambling is at the peak of its popularity, the market volume is more than 45 billion euros, and it will continue developing.

We present you a rating of the countries where online gambling is most developed.

Europe (€22, 074 billion)

Asia (€12.379 billion)

North America (€8.078 billion)

Australia (€2.651 million)

Latin America (€834 million)

Africa (€304 million)

The number of gambling sites and apps is currently in the tens of thousands. Also, hundreds of thousands of sites and other resources collect and redirect users to these casinos and bookmakers. Supply in many markets already exceeds demand and competition for players is as high as ever.


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How blockchain technology is revolutionizing lotteries

Blockchain technology has multiple real-life applications in the lottery industry that can solve existing issues and create value through improvement of the current framework and models. The innovative technology is changing the status quo of the online lottery industry by empowering enterprises to do things faster with greater trust, reduced frictions, and inefficiencies, and notably minimized operational costs and complexities.

Blockchain is a rapidly growing technology. With many experts predicting a huge rise in the blockchain market, expecting it to extend to over $20 billion by 2024, the promising technology is changing the landscape of online gambling.

How blockchain technology is revolutionizing lotteries?

Infallible. Blockchain technology eliminates the possibility of human intervention.

Reliable. The prizes and the means by which they are delivered to winners are guaranteed by smart contracts.

Transparent. The blockchain ledger stores all data about operations.

Democratic. Blockchain technology is beyond governmental control.

Fair. A decentralized RNG protocol that runs on a platform of blockchain nodes ensures a random winner selection.

Low-cost. With blockchain integration, most business processes can be automated, thereby reducing costs.

Social. Increases engagement between all participants by creating direct communication channels.


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Innovative features

Appealing directly to millennials through instant
games, daily draws, and social interactions with
players across the globe.

No scams or faulty operators. Blockchain technology
and smart contracts ensure unparalleled transparency
to win the trust of users.




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1st platform of its kind

Enabling companies, charities, and individuals to
launch their own lotteries with custom features
to meet their specific needs.


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About

Lotto Nation is a first-of-its-kind, decentralised lottery platform run on the blockchain and powered by A.I, that allows
companies, charities, and individuals to set-up their own lottery and connect with players through the most reputable
and acknowledged technology.

Our mission is to become the best fully licensed blockchain lottery in the world and we’re in the first step of bringing
our vision to life with the new generation of lottery built on the Ethereum blockchain.




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Smart
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Proven
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Reliable
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Lotteries run on smart contracts
based on the Ethereum blockchain,
enabling thousands of fast and
transparent transactions.

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Winners Group brings 20 years
of experience offering lottery
solutions to players around
the world.

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The platform is decentralized, making
it independent, anonymous, and
secure for players, charities and
lottery operators alike.

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Innovative
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Inclusive
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New varieties of lottery games, an
emphasis on the mobile experience,
and trustful ticket pooling make Lotto
Nation the most disruptive solution in
the modern lottery market.

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Everything is done on the blockchain,
so it’s borderless and accessible to
anybody with an internet connection
and brings a social aspect by allowing
people to play the lottery together.

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Setting up a new lottery is quick and easy, but its potential is
practically limitless thanks to unique features such as:

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Social Integration to Make Lotteries Viral

Bringing social connectivity helps lotteries draw in more participants while nurturing greater trust
and engagement than ever before. Changing how fundamentals of how people play the lottery.

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Instant Lotteries for Peak Engagement

Personalized lottery syndicates can have up to 10 daily draws from international lotteries and up
to 60 instant draws an hour, keeping players engaged and entertained non-stop.

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Insurance Model Enables Higher Jackpots

Our unique insurance model mitigates the risk of paying out large jackpots for businesses or
charities. This makes it safe for people to not only start their own lotteries but to set high
jackpots that can compete with existing lotteries.


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Tokenomics

Lotto Nation is a first-of-its-kind, decentralised lottery platform run on the blockchain and powered by A.I, that allows
companies, charities, and individuals to set-up their own lottery and connect with players through the most reputable
and acknowledged technology.

Our mission is to become the best fully licensed blockchain lottery in the world and we’re in the first step of bringing
our vision to life with the new generation of lottery built on the Ethereum blockchain.


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Token distribution

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32%
Reserve Funds

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38%
IEO Token Sale

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8%
Advisors & Partners

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22%
Winners Group



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LNT

LNT is a cryptocurrency that can be used for real-time
payments and also as a protocol for connecting the
blockchain world.


1 LNT = 0.00000678987 BTC

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17.06K
Marketcap
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22%
Volume

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Wallet download

LNT

White paper
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