The company behind the system, Lotto.finance, started out with an idea to give several users the chance to boost their return on investment each week. Since the lottery was launched alongside the LOTTO token, it has become an established decentralized game that gives token holders a fair chance of winning twice a week.
Find out more at http://gamecoinwire.com/introducing-lotto
The new game has been automated to prevent the likelihood of interference while ensuring that it is random, so all users have an equal chance of winning. It is purposefully unlike traditional lottery systems that are arguably outdated and technologically behind.
LOTTO allows anyone who has the token to be automatically entered in the twice-weekly draws, which may become daily as the token continues to grow.
With a broad range of crypto experiences to draw on, the team behind LOTTO understands the needs of the new wave of tech-savvy investors. They know that individuals are interested in alternative options to help them save for the future and build wealth.
Initially, the tokens were freely given to users via airdrop if they met the minimum eligibility criteria. This included Upfiring (UFR) holders, PoolTogether users, anyone with a top Decentralized Finance (DeFi) token, and those who registered through Telegram or 4Chan.
LOTTO tokens are now available to purchase with Ethereum and other cryptos via online exchanges. With a total supply of two billion LOTTO tokens, Lotto.finance offers investors liquidity in the short and long term.
User-friendly and simple, joining the lottery has been developed with the end-user in mind. Before each lottery draw, 10 tokens are automatically taken from every user and added to a pool, which is distributed randomly to one winner for each draw.
Crypto lotteries are growing in popularity because of the inherently transparent nature of blockchain systems. They are legal to play but may not be viewed in the same way as fiat currencies, as many countries do not yet recognize cryptocurrency as legal tender, although this is changing.
A spokesperson for the company said: “LOTTO is immutable, meaning that the lottery will run continuously, and no third party can stop it from occurring. After the time lock period has passed, anyone can call the startGame() function to commence the lottery.”
To find out more, interested parties are encouraged to visit http://gamecoinwire.com/lotto-the-fastest-growing-lottery-in-cryptocurrency
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
15 Harwood Road
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Gio News UK journalist was involved in the writing and production of this article.