BitCoin Lotto – Worlds First Regulated Crypocurrency Jackpot?
Since cryptocurrencies seem to be slowly seeping into many different domains of our daily existence. It should come as no surprise that we now have Lotto jackpots that are making use of Bitcoin as their reward.
BitCoin Lotto as the name suggests, is the world's first “regulated Bitcoin jackpot” that is exclusive to LottoLand. It allows users to earn rewards in the form of crypto assets rather than regular fiat currencies.
In terms of what’s being offered, the lotto provider claims that if a ticket holder matches any 6 numbers, he/she will be eligible for a huge payout sum of 1055 BTC jackpot. Mathematically speaking, this volume of Bitcoin translates to a whopping €14.5m.
What’s The BitCoin Lotto Difference?
While regular lotto’s take up nearly 40%-50% of our earnings in the form of taxes, this new crypto lotto will allow us to keep all of our earnings (since Bitcoin is exempt from regular taxation laws). Not only that, the payout scheme for this new lotto is also quite advanced, and allows us to withdraw all of our funds into our digital wallet within a matter of seconds. Alternatively, winners also have the option to take a cash equivalent of their winnings, depending upon their preference.
Other Important Features To Consider
Ever Increasing Winnings:
In order to promote this one of a kind ‘Bitcoin jackpot’, Lottoland claims to be working on a distribution model that allows for an increase of winnings as time goes on. In addition to this, they are also planning to give away many other incentives that users can avail of by simply matching two or more numbers.
As mentioned earlier, payments can be taken in the form of cryptocurrencies or hard cash. Not only that, since the value of Bitcoin has been predicted to keep rising by many experts up until 2021, the total value of the jackpot will also keep increasing.
Easy To Play:
The game is easy and offers customer with good winning odds. To play, users need to simply pick six numbers, and click on the submit button. There is also a “QuickPick” option that allows for random numbers to be generated and selected on our behalf.
According to the company’s website, the odds of winning BitCoin Lotto are 10 times higher than those of EuroMillions. The company goes on to add that, statistically speaking “there is an overall 1-in-7 chance of winning a prize” when playing this lotto. These claims however cannot be confirmed, as no factual data was presented in its support.
No Expertise Needed:
While one may be tempted to think that they need a lot of technical knowledge to play this game, the reality is actually quite different. Instead of having to perform any intricate tasks, all users are asked to do is pick six numbers and that's it.
How Do I Sign Up For BitCoin Lotto?
To play the game, all one has to do is visit the website and follow the instructions provided there. At this point, it should be mentioned that users need to have a verified bank account or a bitcoin wallet to play. For any further queries, users can get in touch with company officials via email.