LOTEO is a fully automated lottery platform that uses blockchain and smart contracts to create a fully transparent and trustworthy lottery, where your chances are incomparably higher compared to conventional lotteries. There are several problems with ”classic” style lotteries, that we’ve addressed with LOTEO.

STO/ICO Status

Status
Successful
Symbol
LOTES
Start Date
2019-03-01
End Date
2019-04-30
Soft Cap
1,500,000 EUR
Hard Cap
2,500,000 EUR
Initial Price
1 LOTES = 0.05 EUR
Token Supply
...
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Basics

PlatformEthereum
TypeERC827
AcceptingBTC, ETH, EUR
Circulating SupplyN/A
KYCN/A
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download

About

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 lottery will, first on a weekly, and later on a daily basis, draw a random Ethereum address from a pool of users. The draw 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.

Team View All

Rastislav Bakala
Rastislav Bakala
CEO, co-founder
Jan Lalka
Jan Lalka
CFO, co-founder
Juraj Illes
Juraj Illes
CMO, co-founder
Rene Darmos
Rene Darmos
CBDO, co-founder
Nina Bakalova
Nina Bakalova
PR manager
Julius Buchel
Julius Buchel
Community manager