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We all dream about becoming rich overnight, don't we? However, we can’t trust current lottery systems as they present plenty of inconsistencies and lack reliability. It is time for an honest lottery we can put our trust in, and Belotto has the solution. A new era of real lotteries where there is no more uncertainty, but a great deal of winning opportunities for everybody. Belotto is a decentralized lottery system built on its own blockchain, created under the Hyperledger platform using Ethereum’s technology for managing BEL tokens based on the ERC-20 protocol, aiming to develop an innovative, secure and transparent global product. Belotto will build a bridge between the crypto community and traditional lottery users by offering prizes of the most valuable cryptocurrencies of the market carried out through a very conservative scheme. Each purchased ticket will increase the jackpots and will be added to the initial base amount of each lottery. The transparency of the ecosystem will allow users to verify the jackpots’ progress in real time.


The world’s truly transparent lottery. Smart Tickets will associate each user with their played numbers preventing ticket forgery and guaranteeing a fully transparent mechanism. Prizes will always be delivered, there are no minimum or maximum limits. Whoever hits the numbers takes it all, because the money is actually there. No deductions will ever be applied to jackpots, as the administrative fees are automatically distributed by Smart Contracts before every new addition. Escrow will ensure payouts are transferred directly to the winners’ wallets without needing regulation or third-party intervention. Universal presence that enables ticket acquisition and prize delivery without leaving home and anonymously to protect users’ integrity. Jackpots and sales history are publicly available and stored on the blockchain for permanent and transparent reports. Money raised once reaching Hardcap and through subsequent Second Sale stage will become the base amount of the first jackpots for millionaire prizes from day #1. BEL tokens are granted as a gift after credit purchase through Pre-sale, Sale and Second Sale stages. Upon completion of these stages, the token will be available through multiple exchanges.

I realize that current lottery methods are highly transparent, and everyone is confident of the lottery results being thoroughly tested and they always have winning numbers for each opening. bonus. So can you convince me why I need to find out what your project is doing?

Hi all! I've just found SWOT analysis of this project. Does it seem realistic, how do you think? ???
https://swot.digrate.com/report/46dbd773-dcbd-4409-9f0d-7eef8441e27b

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 :)

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.

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

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

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

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

Check it out! Great stuff here.

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 :D

Whitepaper (https://belotto.io/#page-block-wfij8pcbdf)

In April 28 it is! By the way, check the ICObench (https://icobench.com/ico/belotto), they rate it as 4.4 so far.

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 ;D)

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

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

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! :D

By the way, PRE-Sale (https://www.belotto.io/) begins today! In 5 hours to be exact.

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

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

In fact, it is LIVE now! Check it out on their website (https://www.belotto.io/)!

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

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  ;D) 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  ;D

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

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

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

Our odds are much better than the Powerball and Mega-Millions odds.

Money raised once reaching Hardcap and through subsequent Second Sale stage will become the base amount of the first jackpots for millionaire
prizes from day #1.
 
Interesting idea to add lesser prizes. We appreciate the feedback, however to implement multiple prizes using an automated Smart Contract (which are the basis of our transparency and honesty) we'd have to create a separate pool for each prize, meaning those who entered for the lesser prizes, would not be eligible for the Jackpot.

We are working on implementing secondary prizes to some of the lotteries, in a manner that promotes full transparency.  We will make an announcement in the future if/when the details are finalized.

I've read your white paper.

Your description of market analysis seems to be extensive.

There seem to be mutiple lotteries: weekly based drawing lotteries paying Bitcoin called Bellot Bitcoin and Ethereum paying Belotto Ether; based and BEL paying quick lottery. Are these separate systems? or one system that accepts and pays different cryptos but use a single underlying system?

Re: "The BEL Token that is given as a gift for the purchasing of Credits..."  Looks like you're trying to ensure that BEL is not classified as a security.  You call the "sales" which purchasers receive BEL tokens as purchases of "Credits."  How will the Credit sales proceeds be used?


The payoffs can be BTC or ETH.  How will the lottery tickets be purchased: fiat, BTC, ETH or BEL? Only BEL?

What does this phrase mean?
"The BEL Token will be accepted as payment for the acquistion of direction service provision."

Re:
"This covers all payment-related transactions, may it be for ticket or service purchases, prize delivery, rewards or dividends."
Can you expand on what "rewards" and "dividends" are?

Your roadmap says the beta release is planned for July '18. Currently, here are you in development effort?  


Thanks in advance for your information.

Didn't find the airdrop details and rules here

ico review
https://icoshrimp.com/belotto-launches-online-lotteries-with-absolute-transparency-and-high-winning-odds/

I've gone through your example of a Belotto's drawing process on page 19 and 20 in the whitepaper and there are some issues

First, the hash is in hexadecimal, so only A through F would be present.  So including G and subsequent letters is useless.

Second.  There is an inherent error in the logic where the drawing algorithm can select "00" but it is not allowed in the number where 1-60 would be valid numbers.

First, our software doesn't transform "g" and subsequent letters, so, in fact, it's an amendment to make to the document.

Second, it is not a logic error, but a need for clarification as we state:


When it should also state that 00 pairs would be split just as numbers higher than 60 would.

Thank you very much for your observation!

This is a very special project. Wish your project will be successful.
How will the players participate in the lottery? Do i need to complete KYC when receive the prizes?

It is a smart contract based lottery. So it will always go to your address if your purchased ticket won

Good, looking forward to updated whitepaper.


This would reduce the chance of 00, but does not eliminate it.

Here is the drawing numbers algorithm:

Set the CurrentDigitPair to end of string -2
clear variable PickNumber[6]
Do for 6 numbers
CurrentNumber = take the right most 2 hexadecimal digit pair from CurrentDigitPair
check for presence of A-F and substitute 0-5
if number is greater than 60
   then
      PickNumber = Prepend 0 + LSD of CurrentNumber
      set CurrentDigitPair to CurrentDigitPair -1
   else
      PickNumber = CurrentNumber
      set CurrentDigitPair to CurrentDigitPair -2
enddo

Here is an example of a transaction hash:
https://blockchain.info/block/000000000000000000450016a722bb867cad73aeb1edaa2187ab989b5863f052

For a discussion of 00, if a byte of hash is 0x00.
Per the whitepaper's description of selecting a number, the algorithm is detailed above and will be followed.
1) take the LS digit pair, 00, as per your description, it will be spit into 2 digits. 0, 0.
2) prepend 0 0 LSD of current number, resulting in a new 00.

So the 00 does not go away with >60 split mechanism.

Thank you very much! 💚

To participate, players must have a Belotto account which they can get for free at the official website and register a wallet to receive their winnings.

You don't need KYC for playing the lottery; this requirement will only be applied during ICO.

Remember you can contribute to the project with as little as 0.1ETH. belotto.tokennow.io (http://belotto.tokennow.io)

🍀🍀🍀

Are you taking into account the fact that the process is made from right to left?
In your example the drawing outcome would be:

52 - 50 - 3 - 6 - 58 - 1

Hello! That is, during the game I can buy as many tickets as I want?

Nothing much to see here. I noticed you put the R-sign for your BELOTTO, is that real or you just put it for added marketing credibility? And if it's real, where did you get that registration? Thanks.

Great question, and we are glad you asked! As you may be aware, many projects will go to any length to add credibility, including implementing  unethical, illegal, and fraudulent marketing tactics. Belotto’s mission is aimed at providing honesty and transparency in all aspects of our company. To answer your question, the answer is yes! It is real and we are fortunate enough to have received the registration in Belize.

Thank you, and make sure you stay up to date with all of our latest news and announcements by following our Medium page (https://bit.ly/2JJhLzO) and joining our Official Telegram group (https://t.me/belottogroup)!

There is a 30% discount still on; what do people think?

I think this project is quite an outstanding project! 30% discount is quite a bargain ;)

Thanks for the reply. Now, the we know that this is really a legit project. What you can do is work on marketing. And because you are running a legal project here, maybe it's not hard to entice investors. And considering it's a lottery project, a lot of people want this kind of source of earnings. Relying on luck!   ;D

I listed that as an example of what a transaction hash would look like which is quite different from the example in the  whitepaper.

Now for a "discussion" take a byte of "00" which is certainly possible.  So if we take hash byte of 00, the above logic would take place.  So, the logic in the whitepaper is still incorrect.

Transparency and legitimacy are Belotto`s mottos  ;D

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I join airdrop and waiting to distribution, but I think this coin not soon be listed on exchange because airdrop will end 1 june. Another day another coin, survival of the fittest.

The network is stable and all pools are running without any problem.

Our coin will be listed when the Sales are finished  :D

Remember you may take advantage of our referral program by sharing the link you get when registering at belotto.tokennow.io

Good luck to you!

🍀🍀🍀

Playing lottery can be used to be an instant rich man.
Cause when someone wins, the price would be amazing, that sometimes it hard to imagine the amount of it.

I want to point out another issue found in the white paper.

The number distribution is not even.

Because the hexadecimal nibbles (0-f) are mapped over to decimal digit (0-9) decimal digit probabilities are not uniform:
0 = (0, A)/16 = 1/8 = 12.5%
1 = (1, B)/16 = 1/8 = 12.5%
2 = (2, C)/16 = 1/8 = 12.5%
3 = (3, D)/16 = 1/8 = 12.5%
4 = (4, E)/16 = 1/8 = 12.5%
5 = (5, F)/16 = 1/8 = 12.5%
6 = (6)/16 = 1/16 = 6.25%
7 = (7)/16 = 1/16 = 6.25%
8 = (8)/16 = 1/16 = 6.25%
9 = (9)/16 = 1/16 = 6.25%

So based on current logic, belotto players should avoid digits 6, 7, 8 & 9 to increase their winning chance.

You’ve got a great roadmap and the team itself. I’m pretty sure you’ll come through with flying colors! But how your currency fundamentally differs from others is still kind of unclear to me.
egretia

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Belotto is an excellent decentralized lottery system, built on its own block chain, created on The hyperledger platform.

Good project and must join airdrop. ;D

The project seems to me phenomenal something for which to invest surely
Let's see how it end

exactly, why should we invest in your project and not in others with similar idea?

Hi! Thank you for taking the time to come to our forum and ask such interesting question! I want you to know that this inquiry had been answered before, just like so many others that we can't see now because unfortunately, some of our posts have been deleted (repeatedly, not knowing why).

Here are a couple of reasons besides the undeniable advantages that our platform offers to players and investors that you can find on our White Paper: http://belotto.io/download/belotto-wp-english/?wpdmdl=14

Because we have been highly rated by several analysts at ICO renowned Listings, for example, https://www.trackico.io/ico/belotto/
https://icomarks.com/ico/belotto
https://icobench.com/ico/belotto
Find out more at our official website: https://www.belotto.io

Because we are giving people the opportunity of having a lottery that is not going to abuse or lie to them. Check the status of the others and tell yourself if you truly think they will take over the industry because they have what it takes to be positioned in the real world, most of them are past ICO, are they taking over yet? Belotto has this and much more to offer, it is a genuine company that is up and will go on until it is recognized as the most reliable leading lottery in the cryptocurrency sphere, regardless of the outcome of its ICO. It is completely up to you to come and join us early; this is just an invitation that allows you to make more profit from it than the regular users/players, but you decide what part you want to play.

Soon we will be releasing our M.A.P/M.V.P, and only contributors will be able to try it out. Real prizes on the way!

The cryptocurrency world is only starting, and successes inside it are not defined by the originality of their ideas or purposes, but the intelligence and creativity they invest into their projects, and the strength and vision of the teams behind them. Google wasn't the first search engine to exist, was it? Far from that, indeed.

Thank you for wanting to know more about our project  :) we would LOVE to see you come by our registration platform https://belotto.tokennow.io

Belotto - Blockchain-based cryptocurrency lottery - ICO 2018 https://www.youtube.com/watch?v=ECTGY2C0la0&feature=youtu.be

Belotto is a brand-new project that is building a leading Blockchain-based lottery that allows users to be in control of the management of funds, jackpots and, payouts, eliminating trust issues and tampering possibilities. Resulting in a 100% honest game that helps people from around the world to build their financial dreams by offering real and VERIFIABLE chances of becoming millionaires.

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projects looks like interesting.. and team is also very good but only question is where this service is going to use means country or specific area of country .
egretia

Good job! This is a great and promising project. I'll hope it will have a big success. I'll help with my humble support to spread the word everywhere. Good luck with your project!
egretia

Hi, William! Thank you for asking this, our platform will be available worldwide just as the Internet is, however, we are aware that legislation for gambling services differ in each territory. Hence, it will be available in every country where lotteries are permitted by law, and if any licenses were required for being able to offer the service, we would issue them in order to comply with all regulations.

Anything else please come back or ask at our Telegram Chat https://t.me/belottogroup.

I realize that current lottery methods are highly transparent, and everyone is confident of the lottery results being thoroughly tested and they always have winning numbers for each opening. bonus. So can you convince me why I need to find out what your project is doing?

Hi! Thank you very much for your comment, I see you say you "realize current lottery methods are highly transparent" but let me ask you, how exactly do you do this?

Then you say "everyone is confident of the lottery results being thoroughly tested", etc... Google says otherwise, people are NOT confident of their processes being genuine and far from honestly held, there are millions of records that result from searches proving people being uncertain about them. This is a reality and players aren't able to prove that lotteries are acting the right way, and never will unless there's Blockchain in between them. That is Belotto's primary intention, to locate this technology in the middle and eliminate the need for blind trust toward lottery systems.

So that stories like Eddie Tipton's (https://www.cnbc.com/2017/06/30/mastermind-of-lottery-fraud-admits-he-rigged-jackpots.html) and many others throughout the story of lotteries won't be repeated and people are free to play lotteries without a single unnecessary worry.

We have included some information on this specific inquiry on our White Paper (http://belotto.io/download/belotto-wp-english/?wpdmdl=14) because we understand people have been blinded throughout the years and therefore can't be aware of the true reality behind mainstream systems.

 :)

A virtually flawless system capable of ensuring players that their money will go straight to a collective pool that will only be taken by winners through an autonomous and inalterable framework powered by Smart Contracts.

this is something never heard this type of concept before blockchain technolgy for lotteries looking crazy hope it has a great future i need to research more on this.

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Hello friend
why bounty program can not be opened

https://bitcointalk.org/index.php?topic=3435003

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You promise transparency and honesty - that's fine.
But that's why your topic about the bounty project is already sent to the ban for the second time, the report on the company in the table is not filled, and the administrator in the telegraph does not answer.
What can I think? Can you answer me ...

your bounty thread is not working or open

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A good project and an interesting concept is me, and I'm interested in joining your company with generosity. I spent it for 5 weeks on social networks. I was very disappointed when the branch of bounty was removed, but we did not explain anything. I do not think that this is permissible for a project that positions itself seriously

Guys, what happened? Why are there no updates?

The project seems to me like it is something special for which I should necessarily invest in. Let's see how it will be.

your bounty thread is down, so I post my report here.

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the main thing, is that in such lotteries people did not lose a lot of money, because this kind of win is not for everyone.
because everyone can not win the lottery. but I think that there will be no problems with this.

link to bounty thread is not working

project is too good. the it will be development in the future.mọi người if you want to see it see this information :-X :-X :-X :-X

A virtually flawless system capable of ensuring players that their money will go straight to a collective pool that will only be taken by winners through an autonomous and inalterable framework powered by Smart Contracts.

Belotto is a project that creates transparency in the lottery business thanks to Blockchain technology. So the project is legal? In the future, will the project continue to improve technology to extend beyond the field?

Hi everyone,

If interested in buying more Belotto tokens, let me know in the comments or PM.