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Author Topic: [ANN][Coming soon] If Satoshi Made A Lottery - Lottoshi  (Read 71 times)
Lottoshi
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November 22, 2019, 09:12:22 AM
Last edit: November 25, 2019, 07:20:58 AM by Lottoshi
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Website : to be published
Whitepaper : https://lottoshi.io/assets/LottoshiThesisV1.0.pdf
Medium : https://medium.com/@lottoshi
Twitter : https://twitter.com/Lottoshi1
Contract Address:To be published

We started with this preface, if Satoshi made a lottery, and we let our imagination go. In the thesis “Secure Multiparty Computations On Bitcoin”, fairness is defined by being correct and secure, we followed these principles and went ahead to create our own.

Lottery is a common activity of the human society, but it’s far from without problems, privacy of the winners often conflicts with platform’s needs on showing them off, lack of transparency makes it almost impossible to know how much really went into the winners’ bank accounts, or if the mechanism is operating fairly, the size of a lottery is also limited by geographic constraints, a lottery protocol built on Ethereum would solve most of the above problems and present a new game the world can trust.

Features
- Play lottery  with ETH anywhere in the world
- Invest with ETH and become the one of the owners of this global lottery now
- Price of LTS is in positive correlation with prize pool, also 12% of any later investments would go to previous investors by share of LTS, our suggestion is to buy early
- Refer and earn ETH or LTS right now
    - For traffic referred to game plays, you earn 5% ETH from the bets
    - For traffic referred to token sale, you earn 5% LTS from the investments

Coded Fairness
For the fairness and decentralization of the game, no one would have access to funds in the prize pool, all odds and mechanisms are defined on smart contracts and cannot be changed later on. Any participant can contribute to the randomness of the winning numbers drawn by submitting a hashed random number by choice.

Lottoshi is exciting but not hard to understand, every round is 1,440 minutes, pick 6 numbers in zone I and 1 number in zone II, you’re ready to go.


A Unique Token Sale Model
For the sake of transparency, Lottoshi is the first one to combine token sale with product in smart contracts, the investments from investors will directly be submitted into the prize pool to provide players with incentives. In Lottoshi, individuals that are in possession of ETH can purchase LTS coins through the decentralized smart contracts. The price of LTSs are in complete positive correlation with the total prize money of the current prize pool.

We’ll let you know once the website goes public
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