5130 cryptocurrencies
Total Market Cap $1,741.00B
24h Total Volume $33.65B

Loteo Loteo star

0.00000000 ()

Loteo is a digital automated lottery platform that uses blockchain and smart contracts to create a transparent lottery. Unlike conventional lotteries in which you bet against an unknown number of drawn numbers, in LOTEO you only bet against other purchased tickets, an amount that is several thousand times smaller than the number of potential winning combinations in standard lotteries. Thanks to the blockchain technology, the system is transparent and you can track all transactions.

The system runs on a dual-token structure - LOTES and LOTEU. LOTES is a security token which is meant to be sold only in private funding round (the STO). 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. LOTEU is a utility token that will be used for marketing purposes. When a user buys an additional entry into the lottery with 100 LOTEU, you double your chances of winning the lottery. It doesn’t raise the prize, but it doubles your ticket number in the pool. There will be a quarterly burning event, which will be public, where 20% of all used and received tokens will be burned. Burning event will take place until the total supply of LOTEU is the same as the total supply of LOTES - 100 000 000, or when LOTEU starts being accepted as a payment method for buying a lottery ticket.

Market Share
Proof type
24h Open $0.00000000
24h Low $0.00000000
24h High $0.00000000
Price in BTC BTC
Current Supply LOTEU
Total Supply 400,000,000 LOTEU
Market Cap $0
24h Volume (coin) LOTEU
24h Volume (currency) $0
24h Total volume (coin) LOTEU
Volume 24H $0.00000000
Last updated 2022-01-25 11:50:47 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume

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