Topic: Will you buy lottery online in bitcoin payment? - page 6. (Read 1327 times)
I don't like online lottery especially in online gambling, i'd rather go to the local outlet to bet it since i trust those ones because it is legitimate and is supported by lots of people. There have been quite a lot of issues in online gambling especially in crypto-based gambling, i don't think people like to hand over their crypto to someone who's not reputable so that people would trust him/her.
Are you referring to an online lottery ticket or a paperless lottery ticket? If that so then its better than going to an outlet, get in line with others then get some paper who turns into a trash after. But if the idea requires additional payment bigger than before then i dont think i will buy those.
Everyone feels the same way I think, it depends on the lottery and who makes it and what are the odds.
For example, if stake came up with lottery tomorrow and said that it will be basically pvp where every 24 hours (this time part could change) tickets will be sold and there will be draw and the winner will get 99% of all tickets sold in bitcoin and they will keep 1% for themselves, do you think people won't play it ? It will be one of the biggest lottery in the crypto world quite quickly.
However, if someone nobody heard of before does it we are of course worried that it may not be legit and we could be scammed. So, basically people are not against lottery, people are just not trusting anyone that easily in crypto because there have been too many scams before so we are cautious about where we put our money collectively.
For example, if stake came up with lottery tomorrow and said that it will be basically pvp where every 24 hours (this time part could change) tickets will be sold and there will be draw and the winner will get 99% of all tickets sold in bitcoin and they will keep 1% for themselves, do you think people won't play it ? It will be one of the biggest lottery in the crypto world quite quickly.
However, if someone nobody heard of before does it we are of course worried that it may not be legit and we could be scammed. So, basically people are not against lottery, people are just not trusting anyone that easily in crypto because there have been too many scams before so we are cautious about where we put our money collectively.
In the past, I have used credit cards to purchase lottery tickets (MegaMillions, PowerBall, Super EnaLotto.etc). But the sites that I had used never had an option to make the payments in BTC. I will be very happy if the payments can be made in BTC. But at the same time, they should make sure that there will be no legal complications because of that.
It's great to see your post. The sale of lottery through bitcoin is really different. And I'm always working with new people who want to do well in front of me. So I must give you your work and I will say you are ahead. Bitcoin for sale in front of you for sale
Maybe something good is waiting.
Thank You
Maybe something good is waiting.
Thank You
I just checked the website. So, the payment on the lottery ticket will be based on SPG token. How will winners receive their winnings? Will it be in SPG, BTC or direct fiat?
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Winners will receive their winnings in stablecoins(we use GUSD now). SPG is a token that we calculate your effort (generally, your order amount and your referral amount). And we'll pay rebate back to you after then(also in stablecoin). You can get some SPG after you place an order or referral a friend.
Thank you for your advice.
I do agree with that. If they are collecting bitcoin, why not pay the winner with bitcoin also? If they will pay with their token, the winner has the burden to convert it btc and then to his fiat money. Pretty simple logic. I don't know if they can attract players with this arrangement.
Of course we do pay winners bitcoin/stablecoin like USDT. That token is just like point which determines how much rebate you can get everyday (we pay rebate everyday, and if you hold our token, you can get rebate everyday). Also, we pay rebate in stablecoins.
I just checked the website. So, the payment on the lottery ticket will be based on SPG token. How will winners receive their winnings? Will it be in SPG, BTC or direct fiat?
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Winners will receive their winnings in stablecoins(we use GUSD now). SPG is a token that we calculate your effort (generally, your order amount and your referral amount). And we'll pay rebate back to you after then(also in stablecoin). You can get some SPG after you place an order or referral a friend.
Thank you for your advice.
We collect cryptocurrencies, most are stablecoins(USDT, GUSD, USDC and so on), and we pay winners stablecoins. Our token is more like a point voucher(but based on erc20). Everytime you pay an order or refer a new customer, you'll get some point. After that, 70% of our profit (from processing fee) will be allocated proportionately. It's a long-time activity, means you can get rebate day by day as long as you hold SPG token in your address.
Second question. We sell official lottery ticket. You can play the same lottery in other sites(official or third-party). But you cannot buy lottery cross-regionally online from an official site, and most of the third-party sites have a high processing fee(some of them have a 150% processing fee). So we have this plan to launch this site and make you buy lottery in crypto payments in a relatively low price.
Now this type of business is very normal today, my concern is, if the vision of the Lottery is limited only there? or are there some ideas or projects for raffles to be made in the future? That is, where tickets are purchased to win cars, just like a Lambo? Or is there a way to include consolation prizes such as trips to the Caribbean Islands or something similar?
I am a lottery fanatic person and those some scratch card ,this is part of my daily expenses so having this online is more i.preferred but nowadays lots of lottery online sellers are scattered around the internet so its hard to look for legit
Yes I would but this seem's to be a lottery of Japan.
Do you plan on expanding it ?
Would you add up other countries official lottery?
Maybe OP is japan based so he starts over his country but for sure if ths project Bloom thsn he will consider expanding the operation Do you plan on expanding it ?
Would you add up other countries official lottery?
A little bit suggestion you need to lower the fees and what kind of suggestion you want to know?? Beside a lot of Lottery website that accepting bitcoin as a mode of payment you can visit the site and see in your own what you need todo for your project. A lottery website is easily to manipulating well if you want to gain trust just be fair.
I just checked the website. So, the payment on the lottery ticket will be based on SPG token. How will winners receive their winnings? Will it be in SPG, BTC or direct fiat?
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Winners will receive their winnings in stablecoins(we use GUSD now). SPG is a token that we calculate your effort (generally, your order amount and your referral amount). And we'll pay rebate back to you after then(also in stablecoin). You can get some SPG after you place an order or referral a friend.
Thank you for your advice.
I do agree with that. If they are collecting bitcoin, why not pay the winner with bitcoin also? If they will pay with their token, the winner has the burden to convert it btc and then to his fiat money. Pretty simple logic. I don't know if they can attract players with this arrangement.
Why collect payment in bitcoin and then pay winners in your token why not the same bitcoin and if I buy a lottery ticket from your platform can I play it in another lottery sites or the ticket is mean for only your platform because you state lotteries ticket in your post.
Afaik GUSD is not their token and it's reasonable to pay the winners with stablecoin since they're getting the same value and the prizes from irl lotteries are usually fiat. If the winner is desperate in having Bitcoin as a prize he/she could always exchange it and at one point he'll be forced to exchange those stablecoins anyway. 
Yes I would but this seem's to be a lottery of Japan.
Do you plan on expanding it ?
Would you add up other countries official lottery?
Do you plan on expanding it ?
Would you add up other countries official lottery?
I just checked the website. So, the payment on the lottery ticket will be based on SPG token. How will winners receive their winnings? Will it be in SPG, BTC or direct fiat?
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Going thru all this bring inconvenience to gamblers, there are lots of gambling sites with lottery, so would be better to think of something that would attract lottery players using your website.
Winners will receive their winnings in stablecoins(we use GUSD now). SPG is a token that we calculate your effort (generally, your order amount and your referral amount). And we'll pay rebate back to you after then(also in stablecoin). You can get some SPG after you place an order or referral a friend.
Thank you for your advice.
Please move this to the Project Development section of this forum here, https://bitcointalk.org/index.php?board=12.0 This does not belong under the Main discussion section, because it is a project under development.
this belongs to gambling discussion since you are want "gamblers" to answer you.
you should also know that there are a lot of gambling sites already offering lots of different gambling games including lotteries to their users. in my experience those new ones that come up and offer lottery never gain any popularity mainly because people don't really like lottery games and lack of interest means the jackpot is always smaller. there is also an additional problem that it is very hard to prove the lottery was legitimate and not a scam.
you should also know that there are a lot of gambling sites already offering lots of different gambling games including lotteries to their users. in my experience those new ones that come up and offer lottery never gain any popularity mainly because people don't really like lottery games and lack of interest means the jackpot is always smaller. there is also an additional problem that it is very hard to prove the lottery was legitimate and not a scam.
Even though it is under developed project, it should be moved to Gambling discussion section (and Not to the project development section.)
Although i am not easily attracted towards the lottery system but the way OP is replying to every question makes me think it is legit and worth checking/ participating.
well, your new lottery site does not have any proof that you are not taking huge cuts from the pot. people are putting their money and buying the lottery tickets which they can do at any site even on faucets like freebitco provide lottery feature. but if you provide an innovative way with the lottery system then I guess people will consider trying it over other famous sites.
well, nowadays its very hard to find some sites that have significant different to another. Even some of themhas just give additional method of the lottery.
Not only the participants, the owner of the sites of course want more profit than just from the ad of their site
It's depend on every individual whenever they want to do transaction based on their need.
Lottery online can be purchase cashless like CC,paypal,etc so when crypto came, it may be alternative for people to use it.
For me, it's great choice for simplexity !
Lottery online can be purchase cashless like CC,paypal,etc so when crypto came, it may be alternative for people to use it.
For me, it's great choice for simplexity !
Thank you for your reply!
Yes, you can see it as advertising. But in fact, I'd like to know more about your suggestions about out project. Because we have just started this project for a short time. It is not like other lottery programs, we'll buy a lottery ticket in a physical store after you placing an order and then give your money back via blockchain if you winning a reward.
Wait! What?!
I thought you are making a platform where we could buy it through bitcoin or other crypto currencies.
Hi, I’m Karolus and interested in lottery and blockchain.
I am now planning to make a lottery purchase platform where you can buy lottery in bitcoin.
I am now planning to make a lottery purchase platform where you can buy lottery in bitcoin.
Lottery purchase platform. There is that word purchase.
So this means you should be connected with like Megamillions or Powerball for an example to make this happen right?
If not then, just like you said you will be buying it for us?
We will have a problem here.
First of all, we paid and you have our tickets. How can we make sure you wont be running away with the winning ticket?
Will there be terms of agreement where we could sue you if not?
Will we having a receipt to prove that it is our ticket?
It is not like other lottery programs, we'll buy a lottery ticket in a physical store after you placing an order and then give your money back via blockchain if you winning a reward.
anybody can go out and buy a lottery ticket for themselves with their own money without needing a third party to do it for them. also without the risk of involving another person in it! then if they won the lottery they can simply buy bitcoin with the reward if they choose to!
so what is the point of your service?
Thank you for your reply!
You cannot buy lotteries from other country or region. In fact, there are some third-party sites doing the same thing like us, but they usually have a high processing fee(and they won't tell you that). So I'm planning to make it cheaper by blockchain.
ok, that makes more sense with this explanation.
now the only thing left is to come up with a way to make people trust you by guaranteeing them their winning amount in case they did get lucky and won the lottery. and that is going to be hard.
It's really hard to prove it. We need to buy a real lottery ticket from a physical store after a customer place an order from our site. That means we must touch the money(or coins) in the whole process and we can't put all things on chain(cause it involves legal currency transactions). So we can only make all the transaction records public and queried. If you have any advice for that, just reply here. And thank you.
It is not like other lottery programs, we'll buy a lottery ticket in a physical store after you placing an order and then give your money back via blockchain if you winning a reward.
anybody can go out and buy a lottery ticket for themselves with their own money without needing a third party to do it for them. also without the risk of involving another person in it! then if they won the lottery they can simply buy bitcoin with the reward if they choose to!
so what is the point of your service?
Thank you for your reply!
You cannot buy lotteries from other country or region. In fact, there are some third-party sites doing the same thing like us, but they usually have a high processing fee(and they won't tell you that). So I'm planning to make it cheaper by blockchain.
ok, that makes more sense with this explanation.
now the only thing left is to come up with a way to make people trust you by guaranteeing them their winning amount in case they did get lucky and won the lottery. and that is going to be hard.
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