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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I never tried the one on freebitco.in faucet site so I have no idea at all about how that site works, but if I am correct, then you tried to establish a lottery based on blockchain, and how will that be different from the site I mentioned earlier? They have the advantage of free tickets, and AFAIK, their fairness is provable too

The lottery is subject to increased requirements for transparency and undisputed proof of winnings. Without trust, it will be impossible to form a large fund.

Have you done your lottery? Already played some kind of prize funds. What are the guarantees and how transparent is your lottery?

also they mentioned the chance of winning from the op, how is it different from the traditional lottery aside from obviously integrating the blockchain in their system?
how it will give a higher chance of winning to the individual?
can you explain much further how the probability of winning here is different from the regular lottery machine?

Your answer makes sense. And that is true, traditional lottery have draws without winners and that amount is added to the jackpot. And no one knows if they are giving the right amount unfortunately. And with blockchain lottery, you have assurance that there will be a winner in every single draw. That's nice! But how much is the percentage that goes to the house?

I read your answers. I was pleased. You respond in sufficient detail to the essence of the project, and this is good, since knowledge of the topic is credible.

Tell me why run airdrop, if you have not even set up a site on which now you can not even register. Would have added to airdrop entering the ether wallet at least

I hope you will send an invitation email for registration

Hello,
great concept you got here!
do you already have an agreement with exchange platforms to trade LOTES ?