Topic: Lotto Nation - revolutionizing online lotteries with blockchain (Read 707 times)

no. KYC required

in our WP, we talk about charity organizations

after reaching an agreement - we will publish a post about it

1. the platform will be available to all countries where there is no ban
2. yes

Why is it impossible to manipulate results in LOTTO NATION?

Traditional lotteries have often been the go-to field for scammers, which is impossible on the LOTTO NATION platform thanks to blockchain and other advanced security solutions. One of the most incredible lottery scams ever pulled off happened in Milan and spanned multiple years.

It went something like this: balls with lottery numbers weren’t pulled from a raffle drum, but hand picked by blindfolded kids. The kids were bribed with toys to manipulate the results — they were asked to pick out the largest and smoothest balls. The scheme was created by a ministry of finance staffer and worked well for a number of years. In December 1998 the conspiracy was finally uncovered, leading to 9 arrests.

Nothing like that would be even remotely possible in LOTTO NATION because the winners are selected by Random Number Generation (RNG) and this process is absolutely transparent. There is simply no way to manipulate the results! Innovative solutions like this are what the lottery industry needs to become more fair and attractive to millions of new participants!

🔺 To learn more, feel free to visit our website at https://www.lottonation.com

Currently, we are using A.I. and Blockchain technology but as per the need in future we will think about it

Yes, the  winnings are automatically transferred to the player's  account or wallet ensuring convenience and trust

We will inform you about the launch of the prototype in our social networks.

The process will be automated

The casino of our format and with the opportunities that we offer will be one of a kind

We are negotiating with some exchanges. After reaching an agreement, we will publish the news in our social networks.

 Reliability, use, convenience

Lotto Nation VS traditional lotteries

We talked a lot about how our project will transform the lottery landscape, but what exactly is changing? How does Lotto Nation differ from the traditional lotteries — let’s find out.



We’ve covered only a few points in this post. To learn more, please visit our website at https://www.lottonation.com/ and read our White Paper.

You're right. Therefore, we have a team working and not one person

When the team is ready to show it, we will inform about it in our social networks

Of course automation will be a priority

Thank you for your interest in the project. Maybe we will launch our mobile application.

Yes, we think so. And we understand that the growth of trust will depend on the implementation and work of our project

We conducted an audit and are confident in safety.

What do lotteries and the Great Wall have in common?

Have you ever wondered where and when the world witnessed the first ever lottery? Historians don’t have an unanimous answer to this question, but most of them agree that lotteries first appeared in China sometime 100 years B.C. The imperial Han dynasty was incumbent at the time, and is credited for running the first lottery. The immense proceeds from it paid for the Great Wall.

Until roughly the XV century lottery remained a game for the elites, and the proceeds from such games were used for construction projects and charity. After 1530 (marked by the first lottery to feature a money prize) lotteries exploded and have since enjoyed steady popularity across the globe.

In 2020 lotteries have a chance to become even more popular thanks to the LOTTO NATION project that vows to make them faster, more transparent and secure. Previously you could only participate in a national or a commercial lottery, but now you have the power to run your own lottery where you and your family, friends and colleagues will decide what prizes to compete for. We promise, it’s simple and as transparent as ever!

🔺 To learn more, please visit the project’s website https://www.lottonation.com

in our next posts we will talk about those people and companies that support us

perhaps. we will announce the launch of these programs in our social networks

thanks for the feedback! we value your opinion and take into account

of cource

perhaps. have questions - ask

KYC is security. Therefore, without its passage, participation is impossible

First of all, this is the promotion of the project. The more people will know about the project, the more visitors will be. If you are talking about third-party advertising, this will be known after the launch of the platform.

not yet. If we launch a referral program, we will tell about it in our social networks

this is one way

Not. The project will, on the contrary, help to increase confidence on the part of players, since the project uses blockchain technology. Blockchain allows you to make the game fair

Copenhagen, Denmark

We talked about the principle of operation of the RNG in WP https://www.lottonation.com

Yes. Now this is a common condition for most crypto projects.

We tell about the principle of the platform’s operation and determination of winnings in our WP https://www.lottonation.com

Of course. The increase in the number of users will not affect the quality of the platform

The video about Lotto Nation project!

If you haven't watched our video yet, it's time to do it!
We are sure that in a few minutes of video you will learn more about Lotto Nation and why it is worth investing in our project!

⏯ https://vimeo.com/394418977

Random Number Generation (RNG)

Since the advent of the large-scale lottery, many techniques have been invented to determine the winner in the most fair way possible. Today it is done through a Random Number Generation. The RNG is not effective way to ensure fair winner selections, it’s implemented by centralised organisations and has proven itself open to manipulation and tampering.

For example, In 2010, an employee of the US MultiState Lottery Association managed to install software that manipulated the random number generator. The wrongdoer managed to win a $14.3 million jackpot.

The smart contracts and blockchain technology provides a solution for the most crucial problems in the online gambling industry, such as rigged results!

By carrying out RNG protocols on a distributed ledger, the entire process can be made transparent and visible to all network participants. With integration of blockchain technology, inherent transparency can absolutely eliminate manipulation and create greater trust in lotteries.

We will tell about each member of our team, about those who support us in the following posts

we talk about this in detail in our WP https://www.lottonation.com

of course. as we wrote earlier - soon we will talk about our team in our posts

KYC will be mandatory

Copenhagen, Denmark. Everyone can participate.

We are in contact with several larger charities who are interested in using our platform to raise funds but we can't disclose any names until it's official.

We are confident in the professionalism of our team and in all decisions made.

The IEO will be conducted in two stages: a private pre-IEO sale, and a public IEO sale.
The private pre-sale will begin on the 1st of March, 2020 and will have a duration of 2 months, finishing on 15th
April , 2020. During pre-sale, interested buyers will digitally sign a token pre-purchase agreement, where Winners
Group commits itself to deliver a specified number of WNT tokens in the buyer’s digital wallet at the end of day 1
of the IEO public sale.
More info in WP https://www.lottonation.com

Soft-cap $ 1 500 000,00

Protocol and platform

We are creating a new type of a worldwide decentralised lottery! Lotto Nation will be an ecosystem consisting of its own blockchain-based platform with masternode functions, hybrid consensus algorithm, WNT tokens, smart contracts, participant wallets, affiliate program, third-party insurance audit and mobile applications.

🔘 Details

The core of the Lotto Nation platform is the tech stack used to govern the interaction of players, smart contract, website, and blockchain nodes.

We are developing a next-generation lottery environment!  The online betting technology protocol leverages the transparency, security, and efficiency of the blockchain to power a unique ecosystem which connects companies, charities and players in real time. The protocol has been built to effortlessly support a near limitless number of trustful, transparent, decentralized lottery operations.

Our fully functional platform is a modern microservices stack, using Kubernetes for optimized performance and speed with real-time insights for clients to respond to players.

The dashboard allows participants to see sales statistics, manage players, run lotteries, give bonuses, generate reports, handle payments and much more. Thus, Lotto Nation is introducing new 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 new approach to the arrangement and staging of lottery games positions Lotto Nation as a unique, legally operating decentralised lottery platform!

GitHub will be loaded soon

The site is undergoing technical work. We apologize for any inconvenience caused.

We are using A.I. In our project because A.I. will standardize processes and workflow across such areas as data ingestion, model training, deployment, monitoring, life cycle management and retraining.

of course. thanks for the feedback!

How Blockchain Technology is Revolutionizing Lotteries:

Infallible. Thanks to its autonomous decentralized nature, 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 immutable nature of the blockchain ledger means stores all data on ticket sales, income, costs and other performance indicators.

Democratic. Blockchain technology is beyond governmental control. At the same time, it facilitates compliance with regulation as well as local cultural practices in the region of the lottery’s operation.

Fair. A decentralized RNG protocol that runs on a platform of blockchain nodes ensures randomness in the unpredictability manner but also requires public randomness which cannot be manipulated or in control of any organization.

Low-cost. With blockchain integration, most business processes can be automated, thereby reducing costs. In this way, the prize pool can be expanded, and a greater percentage of total revenue can be directed towards charitable causes.

Social. Lowering the barriers to entry and participation in lotteries through pools or ‘syndicates’ where players fractionally-own a ticket or tickets, thus increasing their chances of winning.

Token distribution:

32% Reserve Funds

38% IEO Token Sale

8% Advisors & Partners

22% Winners Group

More info - https://www.lottonation.com/tokenomics

Hello! Not yet, but we will be on CMC after our IEO.

You can find info about our project at our site https://www.lottonation.com/
And also i send your question about open source to our tech team.

Yes, we do the all modern technologies in our project. More info at our site https://www.lottonation.com/

All interested parties will become participants of the Club Lotto Nation - you will not miss information about it if you follow our news.

You can dread more about charities at our White Paper (p.16) https://secureservercdn.net/160.153.138.53/l8a.802.myftpupload.com/wp-content/uploads/2020/02/Lotto-Nation_WP_v3.pdf

No minimum

Please follow our news - we will publish all info in our social networks

Yep, we have this in our plans. Please follow our news

Smart contracts are similar to traditional legal contracts, with the key difference being that they are written in code and thus can be executed automatically without involving a third party. One of the most popular platforms for smart contracts is Ethereum, which is the blockchain that Lotto Nation will be built on. In the Lotto Nation platform, all processes from ticket sales, winning numbers, prize payouts and insurance models will be automated, transparent and fully secure. Smart contracts eliminate the risk of manipulation while maximising efficiency.

Thank you!
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FAQ: frequently asked questions about the project

We begin to answer the most frequently asked questions about our project. So here are a few  of those questions.

How do Lotto Nation's smart contracts work?

Smart contracts are similar to traditional legal contracts, with the key difference being that they are written in code and thus can be executed automatically without involving a third party. One of the most popular platforms for smart contracts is Ethereum, which is the blockchain that Lotto Nation will be built on. In the Lotto Nation platform, all processes from ticket sales, winning numbers, prize payouts and insurance models will be automated, transparent and fully secure. Smart contracts eliminate the risk of manipulation while maximising efficiency.

How will the WNT token be used?

WNT is the native utility token of the Lotto Nation platform. This means that it will be used for all transactions within the platform, and thus its utility will increase as the value circulating within the Lotto Nation platform increases.

How do I get a compatible ERC-20 token wallet?

There are numerous ERC-20 compatible wallets that you can use. Some popular wallets include Metamask, Exodus, and Ledger, but there are many others. We advise that you research all of the various options and choose one that has a good, trusted reputation.

Yes, we have a decentralized RNG protocol that runs on a platform of blockchain nodes ensures randomness in the
unpredictability manner but also requires public randomness which cannot be manipulated or in control of any
organization.

☝️ 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.

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.