The lottery industry, which has generated US$2.3B in revenue since 1994, is undergoing profound change, due to the internet and other technological developments. Distribution of lottery tickets has shifted from physical to digital, changing the face of the whole market and significantly expanding a lottery's potential reach. Recognizing the opportunity and the fit, currencies enabled by blockchain technology have become the most popular means of payment among gambling sites. Utilizing the most promising features of blockchain, FTW is creating a global lottery that removes geographical limitations and brings full transparency to the process, offering unprecedented trust and quality. FTW will issue 100M tokens that gives holders a share of profits from its services.
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The future of the lottery is online
The lottery industry, which has over 5 billion players in the world, is currently undergoing a process of profound change. Internet and blockchain technology development have triggered a shift from traditional lotteries to digital distribution of lottery tickets, thus official lotteries around the world are quickly moving to an online.
Blockchain for the Lottery
Blockchain technology has quickly seized the online gambling market, becoming the most popular means of payment among gambling sites. Using features of blockchain technology, FTW is creating a global lottery that removes the limitations of a traditional lottery and brings full transparency, offering a new kind of trust and quality.
NEO blockchain and Smart contract
NEO aims to develop a "smart economy" with a distributed network by utilizing blockchain technology and digital identity to digitize assets and automating the management of those assets using smart contracts. The FTW token will be an NEP-5 token, compatible with existing NEO–related infrastructure.