Online Lotto over Blockchain Technology

agungpr (30)in #lotto • 7 years ago (edited)

Online Lotto becomes popular in this 21 Century. Its give new perception and accessibility than local dealers. Thanks to internet technology to accommodate transaction between dealers and buyers to make bet , however in last years there are many issues with Online Lotto, such as payment delay, technical problem, security, document verification and the biggest issue is Privacy and Fairness.
Since 2008 Blockchain technology has been introduce through Bitcoin and have evolve with new improvement in various digital crypto currency coin/token. At 2018 FireLotto comes with better solution for Lotto Industry by combining blockchain technology for transparency and long term investment strategy for investor.

FireLotto work on full decentralized platform for organizing and conducting a lottery using the blockchain technology and ETH smart contracts. All Lotto process from collecting and distributing funds, drawing winning numbers handle with transparent algorithm to give 100% Fairness. Each token holder will receive 10% Commission of total sales after each Draw and paid in ETH. Complete distribution of lottery funds shown in table 1.

Each Lottery on FireLotto draw every six hours and numbers are drawn randomly with the help of the blockchain based RNG (any four, five, or six numbers are taken from the unique code of the latest bitcoin block mined). After all the numbers in the lottery have been drawn, winnings are automatically transferred to the owners of the winning tickets through the algorithm built in the smart contract. There are 4 types of lottery available at FireLotto and all automatically run under ETH smart contract.