In the real world, more than 100 million people participate in Lottery. However, averagely only one in every fourteen people win, which is pretty insignificant. LuckyToken seeks to reverse the rules of lottery game by giving each player an equal chance of winning. To that end, the rules of the game are purely the same. Besides, LuckyToken is unique in that it operates on blockchain so no one can manipulate it.
LuckyToken – Concept
The online lottery market is growing, especially because of its flexibility and the entertainment aspect. However, despite the growing fame, online lottery platforms lack proper equipment and preparation to ensure that prize funds are accumulated and distributed in a transparent manner. LuckyToken seeks to bring sanity and transparency in the lottery market by including the blockchain technology. LuckyToken embraces a decentralized lottery system, which allows absolute transparency in all its processes. By using the blockchain technology, LuckyToken focuses on the following:
- Transparency: Everyone is able to view all lottery dealings and price mechanism.
- Anonymity: While blockchain is an open platform, personal data is encrypted and safe. Only the electronic wallets are available for the public to see.
- Funds distribution: With the transparency of blockchain, LuckyToken is able to track all funds generated from ticket sales.
- Availability: All eligible players are registered on the website and have Ethereum wallets.
Since all transactions happen openly on the blockchain, every player can ensure that all prices are awarded in conformity with lottery rules, without including any third party. Importantly, players need just their digital wallets to be eligible for playing.
Rules Of The Game
LuckyToken embraces simple rules for the lottery game. In addition to each playing having an equal chance of winning, the platform requires just a few things for a player to get started. Each player needs to have an Etherum wallet by registering on the LuckyToken website. Besides, registration requires only your name and e-mail address. Upon registration, a player decides to buy a given amount of LUC in place of Ether. 1 LUC costs 1 dollar, which a player can spend to play one game. 1 LUC serves both as a full token and a lottery ticket, which you can redeem for other currencies to pay for goods or services.
Once you purchase the tokens, you can utilize the personal cabinet on the website to select an available game. Usually, three games are available per week falling on Wednesdays, Fridays, and Sundays. Overall, you select a game as a player and make a bet. Once registered, you can have access to the details of each game.
LuckyToken – Privacy
LuckyToken platform comprises a team of professionals including software developers, legal experts, and managers. The company maintains privacy and confidentiality of all participants. It takes the steps to ensure that the platform has adequate data to match the number of services provided and the security of each account. For that reason, the company uses repository contract for data storage. The stored data, however, remains anonymous as each person uses a wallet ID for identification. In the end, no personal information is required.