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Loteo

Lottery Needs Revolution

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. 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 www.playloteo.com. This token grants owners an opportunity to profit from being part of a lottery without being attendees in amount 20% of each prize total value. 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. After 15 months,maximum 20% of all security tokens will be owned by the lottery while 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.

4.6
6 5 expert ratings
Benchy 4.5
KYC
Experts
4.7
4.3
4.8
Review: coming soon PRO
10 days 11 hours left
2019-03-01 - 2019-04-30
Token
LOTES
Price
1 LOTES = 0.05 EUR
Platform
Accepting
BTC, ETH, EUR
Soft cap
1,500,000 EUR
Hard cap
2,500,000 EUR
Country
Whitelist/KYC
KYC
Restricted areas
USA, Netherlands
Visit ICO website
Report
Changelly

About Loteo

Lotteries are a very popular form of gambling, but they face a number of long-standing issues. States may restrict their citizens from participating in lotteries, or they may restrict their choice to a single state-run monopoly. Trust in conventional lottery organizers has been eroded through scandals as well as a lack of transparency that has been present since the game’s inception.

LOTEO is an automated digital lottery that is executed via code instead of being run by people. The lotterywill, first on a weekly, and later on a daily basis, draw a random Ethereum address from a pool of users. Thedraw will be based on a random number generation system that will have a publically-viewable code on GitHub and also on Ethereum Network. The winner shall receive 75% of the prize pool as a reward, which will be sent to their Ethereum address.

Not only will LOTEO make this form of gambling accessible to more people than ever, but it will also address the issue of trust as it will be executed via a smart contract, the code of which will be publically-viewable on GitHub and also on Ethereum Network. Through a combination of international reach, transparency and automation, LOTEO aims to become the industry standard in the rising market for digital lotteries.

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ICO KYC Report
2 members invited
Rastislav Bakala
Passed
Jan Lalka
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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