LOTEO is a fully automated lottery platform that uses blockchain.

What is Loteo?

Digital Automatic Lottery Platform that uses blockchain and smart contracts to create fully transparent lotteries, where your chances are much higher than conventional lotteries.

Loteo Solution

LOTEO is a fully automated lottery platform that uses blockchain and smart contracts to create fully transparent lotteries, where you tend to be much higher than conventional lotteries.

There are several problems with the "classic" style lottery, which we have discussed with LOTEO.

Trust

By being ruled by intelligent contracts, not government or private individuals,

the drawing process becomes automatic.

Transparent

All transactions and prizes can be seen on the blockchain at any time.

Opportunity to Win

You have the opportunity for each lottery to take place, you can bet against certain participants. Every game has a winner!

How do lotteries work?

Users enter the lottery by buying a single ticket for LOTEO using the weekly cryptocurrency lottery Ethereum, or through third party merchants. Each Ethereum wallet address is registered as a participant in the LOTEO weekly lottery. Later on, LOTEO will add daily lotteries that are governed by the same rules.

Weekly LOTEO lotteries will be executed through smart contracts that will use a certified random number generator (RNG). A collection of images will be created by another smart contract and consist of lottery tickets (based on the Ether address of the appetizer) instead of drawing random numbers, therefore each image must have a winner.11

After the lottery winner is selected, the smart contract will send the prize automatically to the appropriate Ethereum address. All codes will be publicly visible on GitHub and also at Etherscan.

Prizes will be divided in the following ways:

75% for lottery winners
20% for each owner's LOTES drawn will be redistributed to LOTES owners, comparable to how many LOTS each user has.
I bought a check mark from a registered user
1% is given to charities chosen by the LOTEO community

Payment system

Users enter the lottery by registering for their Ethereum address, which is then listed as a lottery ticket.

LOTEO is the process of negotiating with cellular crypto payment terminal providers about the future possibilities for terminal payment integration. LOTEO aims to have as many sales points as possible according to all regulatory restrictions. The plan is to also combine classics, purchases by means of physical QR tickets, thoroughly using a third-party sales net. Because of different jurisdictions and many changes in the law throughout the whole process, these events can be scheduled appropriately and will be carried out at the national / regional level, not globally. Received FIAT has been exchanged for cryptocurrency, through brokers and accepted on the LOTEO platform.

Winners will be able to change ETH for BTC or EUR directly on the platform with withdrawal requests.

Go To Market Strategy

The essence of this strategy is the stages of the 3 stages of consumer travel:
Awareness - the right person to hear about Loteo
Conversion - trigger to try Loteo
The reason for storage is to continue returning to Loteo.

In addition, they are designed to handle 2 core target audiences.

Niche Loteo target: crypto audience driven by innovation, focus on already using betting / gaming platforms
Mass Loteo market: every day gamblers driven by experience.

Token structure & usage

There are 2 tokens: Loteo Security Tokens (LOTES) and Loteo Utility tokens (LOTEU).

Security Token

LOTES is a security token that is intended to be sold only in private funding (STO) rounds. There will be no public sales, for all investment requirements, please fill out the form on the website. The owner of this token grant is an opportunity to profit from being part of a lot without being attended to by 20% of each total prize value. LOTS was locked for 15 months and this time it was not possible to buy it elsewhere. After the first 15 months have passed, there will be another funding round where lots will sell at least 30% of all markets in accordance with legal and regulatory requirements. Prices and all details will be disclosed before this event. After selling these stores, tokens will be listed on the stock offering security trading tokens. After 15 months, 20% of all security will be owned by the lottery while 80% will be decentralized, preventing lotteries from being manipulated. Tokens also have a government function, which means that any significant changes can be achieved by consensus and problems can be in the form of advice or voting.

Utility Token

LOTEU is a utility that will be used for marketing purposes. When you buy additional entries into the lottery with 100 LOTEUs, you double your chances of winning the lottery. It doesn't raise the prize, but rubs your ticket number in the pool. There will be more airdrop from this token through LOTEO marketing partners and there will be many more competitions that will award LOTEU. LOTEU tokens will also be distributed through a prize campaign according to LOTEO's marketing plan.

BENEFITS

A unique opportunity to buy LOTS security and become part of LOTEO, receive lottery time taken.

20% of the total prize pool is distributed back to LOTES owners, based on how many LOTES each

user has.

Arrange rights for decision making (charity elections, major changes in business models)

According to the success of the lottery, the value of LOTES will grow too.

AFFILIATE PROGRAM

For the first ticket purchased by a registered user through an affiliate link, the affiliate partner will receive 50 LOTS (utility tokens) + 4% of each ticket value purchased at ETH while the newly registered user will receive 100 LOTEUs. Note: Every 100 LOTEU (2 registered users) will double your chances of winning. LOTEPASS Every affiliate partner can claim 500 LOTEU and 4% of each ticket value at ETH. Affiliate partners have the right to be rewarded with every sale of the LOTEOMAXX wholesale package. However, bonuses from wholesale packages (10.20,500,100) can only be claimed once per user, per year. There is no limit to 4% of each ticket value at ETH

During the sale of LOTEMAXX in question