🍀[ANN] Belotto - The new decentralized standard for lotteries! 🍀

[BelottoICO]

Important Links
Website | Whitepaper | Telegram | Facebook | Twitter | Reddit | Medium | Github

Introducing BELOTTO®
The new decentralized standard for lotteries.

We bring transparency into the lottery business and combine our tech knowledge with the amazing blockchain to make more millionaires in the most honest way.

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.

Token Details

BEL tokens are built over the Ethereum blockchain and a fundamental component of the Belotto ecosystem, integrally designed to be used within the platform giving a key value to its economy. Acquiring BEL in early stages entitles holders to benefits while providing the use of services at special prices. These tokens may be obtained through Pre-Sale, Sale and Second Sale stages by purchasing credits.

Incentives

Users who purchase credits in early stages (Pre-Sale, Sale and Second Sale stages) will get discounts and be granted with BEL Tokens proportionally. These credits allow Smart Tickets acquisition that enables lottery participation inside Belotto. Depending on the sale stage there will be discounts (bonuses) that will grant more credits for less money. Users will receive the same amount of Tokens as the number of purchased Credits.
After early sale stages and during regular operation of the platform, purchasing lottery tickets through BEL tokens will confer special prices that won't decrease the jackpot amounts as Belotto will cover the remaining costs. Distribution: 30% administrative expenses: payroll, marketing, technology, rewards - 70% Jackpot (60% current - 10% following).

Bounty

View the details of our Bounty Program Here:
Bounty Program

Token Sale

Presale

Date:April 28th

Price:$.14

Bonus:30% (included)

Supply:120,000,000 BEL

Extra Bonus:5+ ETH = 10% // 10+ETH  = 25%

Sale

Date:May 31st

Price:$.16

Bonus:20% (included)

Supply:600,000,000 BEL

Extra Bonus:5+ ETH = 10% // 10+ETH  = 25%

Second Sale

Date:July 30th

Price:$.20

Bonus:0%

Supply:Any Remaining BEL

Extra Bonus:5+ ETH = 5% // 10+ETH  = 15%

Token Abbreviation: BEL
Technology: ERC20
Total Token Supply: 1,200,000,000 BEL
Minimum Transaction: 0.1ETH
Hardcap: US$10M

Team

Advisors

Join Us on Telegram to ask questions and discuss BELOTTO® with our team and the community!

Important Links
Website | Whitepaper | Telegram | Facebook | Twitter | Reddit | Medium | Github

[blockchain-man]

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?

[SShikakAA]

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

[DJCanh]

Is it not like a casino?
Is it acceptable in countries, were casino is banned?

[Nurlou]

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

[drip]

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.

[Schopenhauer365]

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

[ICOs]

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

[poordeveloper]

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

[dustedlock]

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

Check it out! Great stuff here.

[BelottoICO]

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

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

Whitepaper

[Nurlou]

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

In April 28 it is! By the way, check the ICObench, they rate it as 4.4 so far.

[Nurlou]

the new standard in the lottery business, it is a smart and profitable idea. but a concept like this already many that appear in the market, what is the advantage of your project with others?

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 )

[BelottoICO]

the new standard in the lottery business, it is a smart and profitable idea. but a concept like this already many that appear in the market, what is the advantage of your project with others?

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

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

[dustedlock]

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!

[Nurlou]

By the way, PRE-Sale begins today! In 5 hours to be exact.

[Digital Galaxy]

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

[megha8866]

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

[Nurlou]

A great project and I am looking forward to the ICO

In fact, it is LIVE now! Check it out on their website!

[shahbadoga]

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