Hi BTCTalker2020, thank you. The answer to that question is: Yes. However, we cannot disclose anything about that at this moment. Though, let's recap our current update below.

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PLATFORM STATUS: READY

As per the platform status, let us happily announce you significant news that we are launching the LOTEO testing platform as promised on 1st of April 2019 with the following structure:

· MVP is ready and testing starts with the chosen community partners for the whole month of April
· All the platform functions are put into operation, including all the tickets purchase, registration and also the links for affiliate business partners
· The private partners can use the tickets for drawing right away
· The public can use the tickets for drawing from the 1st of May

The soft launch is estimated as planned on 1st of May and hard launch on 1st of June 2019.

Head over to https://www.playloteo.com/home to see the new website including the weekly lottery.

 
LOTES PRIVATE SALE

Ends in approximately 28 days from this post. You can reach us at this link https://www.playloteo.com/contact-us to be part of the private sale.


LEGAL ISSUES

LOTEO has established a company in Curacao and its subsidiary in Cyprus that applied for an online gambling license. Regarding the structure, LOTEO will receive a global online gambling license except for the USA. We are awaiting the completion within 3 to 4 weeks including some additional feedback discussions if needed.

TRUE RNG CERTIFICATION

We at LOTEO focus on the true randomness and therefore we have integrated the random number generator system and engaged external company www.random.org for the certificate. We have upgraded to true random generator system which is the best solution nowadays. RANDOM.ORG offers true random numbers to anyone on the Internet.

This service has existed since 1998 and was built by Dr. MadsHaahr of the School of Computer Science and Statistics at Trinity College, Dublin in Ireland. Once we obtain the official certificate, it will be submitted as additional document to achieve the license in Curacao. Additionally, we also plan the smart contracts to be audited to enhance the transparency as well.

Estimated time frame is 3–4 weeks.


AIRDROP UPDATES

We have realized the first airdrop, dated from the 15th of March 2019 till 31st of March, with the following results:

· 2860 participants altogether with 22 000 activities done
· Although liking was not the airdrop condition, around 1000 participants have liked our video and we have gained 2300 new subcribers on our youtube channel which resulted in more than 7500 views
· Due to the unique visual apperance of the reddit channel, more than 2000 new subscribers have joined the platform

We will launch another airdrop TODAY! Stay tuned, guys!

Yes, zerosoul, of course we will.

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Do you want to learn what makes us different to regular lotteries? How can the blockchain really be better than the current alternatives in lottery? Learn about this and more:

https://medium.com/@playloteo/lottery-lost-tickets-cases-and-how-blockchain-and-loteo-can-solve-it-449c066575eb

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We will have something big today and we will pick the most active community members to do a private test on the platform!

Our platform will be ready for community testing later next month. By then, everyone will be able to register for an account. We will pick the best contributors in the community to test our platform and reward them accordingly.

Why are we doing this kind of airdrop is because there will be more airdrop for the community. Read our unique token structure here:

https://medium.com/@playloteo/unique-token-structure-a356d43c6fe2

Thank you for your feedback and we'll be happy to answer any questions you might have.

Loteo is digital automated lottery platform that uses blockchain and smart contracts to create a fully transparent lottery, where your chances are incomparably higher compared to conventional lotteries. Governed by a smart contract rather than governments or private individual, the drawing process becomes automated and all transactions and prizes are viewable on the blockchain at all times.

What’s the other advantage of Loteo?
You have a chance to win every time the lottery takes place, as you are only betting against a certain number of participants and every game has a winner!

Check all details about Loteo on website: https://playloteo.com
Or ask the questions regarding project directly on https://t.me/loteomission

Starting today, March 14th 2019, we are running our very first airdrop.
There will be 200 LOTEU as a reward for the first 3,000 participants!
All together 600 000 LOTEU !!!

This first round will run until March 29th 2019. Here’s the step-by-step guide:

- Visit https://gleam.io/rewards/LPHn6-loteo-first-round-airdrop
- Enter Your Name & Email Address
- Complete all the actions which includes joining Telegram, following & retweeting on Twitter, Reddit subscribe, and watching our promo video on YouTube.

Please note that in order to redeem your token, you will need to register an account in the Loteo platform. The distribution will take place once the platform is live (Max. May 10th 2019). Here’s a sneak peek of the dashboard.

Thank you!

We have a piece earlier yesterday on how to avoid lottery scam, please take a look:

https://medium.com/@playloteo/how-to-avoid-the-lottery-scams-3738fcca218c

That's a good question! More details can be seen on this image:



20% of the lottery winning prize goes to LOTES holder while 1% goes to charity and 4% goes to the Affiliate program. There are no hidden fees whatsoever, the winner will get 75% of the prize.

Reserved

What is Loteo?
A Digital Automated Lottery Platform that used blockchain and smart contracts to create a fully transparent lottery,
where your chances are incomparably higher compared to conventional lottery.

Trust
By being governed by a smart contract, rather than governments or private individual,
the drawing process becomes automated.

Transparent
All transactions and prizes are viewable on the blockchain at all times.

Winning Chances
You have a chance every time the lottery takes place,
as you are only betting against a certain number of participants.
Every game has a winner!

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Token Structure & Usage
There are 2 tokens: The Loteo Security token (LOTES) and the Loteo Utility token (LOTEU).

Security Token
LOTES is a security token which is meant to be sold only in private funding round (the STO). There will not be any public sale, for all investment requirements, please fill the form on the website. 100% from the platform profit will be distributed to LOTES holders, depending on how many tokens they hold in their wallet

The LOTES are locked for 15 months and during this time it is not possible to buy or sell them anywhere else. After the first 15 months pass, there will be another funding round during which LOTEO will sell at least 30% of all tokens in compliance with legal and regulatory requirements. All details will be revealed before this event. After selling these tokens, the token will be listed on exchanges enrighted for token trading.

After 15 months, maximum 20% of all security tokens will be owned by the lottery while at least 80% will be decentralized, preventing the lottery from being manipulated. The token also has a governing function, meaning any significant change has to be achieved by consensus and any token holder can issue a suggestion or voting.


Utility Token
LOTEU is utility token of Loteo, that enables to double your chance by lottery drawing. It doesn’t raise the prize, but it increases your ticket number in the pool. Already now there is a game with entry just in LOTEU - Moon of Fortune and if you are lucky enough, you can win an entry into regular lottery and possibly hit a jackpot.

By using of LOTEU at the game called FOMO you literally buy a chance not to loose, as you have one more chance during the game. And there will be more and more games coming soon. As there was no ICO for this token and huge part of it was airdropped for the community, there is no option to enter into main Weekly Lottery with LOTEU now. There is a plan to have also LOTEU as a payment option for the main games after the value of token is stabilized and not so volatile.

There is a quarterly burning event of this token as well. Loteo is burning 20% of all tokens received on the platform until the total supply of token is 100 000 000. Long term plan of the platform is to become B2B provider of its own solution for blockchain gaming & gambling and for anyone that wants to use this solution, there will be a condition to stake different amount of LOTEU tokens according to specified type of cooperation.

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