Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Furthermore, with the development of the Internet and mobile phones, online lotteries have a tendency to grow on a global scale. However, the lottery industry has yet to face a series of challenges, the biggest challenge is how to ensure the fairness of the game
For this reason, the project I'm going to present you is Online Lottery (Lotter) (https://ltrcoin.com/), an online lottery services which are synthesized on blockchain technology, which will try to solve this problem.
The most important features that platform presents are described in the following table:
Image Feature Description Secure Wallet Security and Safe LTR Wallet Instant Exchange Fast and Exactly Token Trading Users can buy and sell LTR token on list exchange Crypto Investment LTR Token is a good investment for a long period
Another important factor are the benefits provided by Online Lottery Services:
- Guarantee the reliability of the transaction: Customers buy lottery tickets through the LTR service, which is confirmed by the community through blockchain technology, using authentication through PoW (Proof of Work), which is high insurance.
- The LTR intelligent contract provides the customer with a proof of work that is based on block chains and cannot be modified, all the members of the blockchain network confirm the history of their purchases of lottery tickets.
- The intelligent contracting mechanism is carried out completely automatically.
- Immediate negotiation: When customers buy lottery tickets, they will be confirmed
immediately based on the term of the intelligent contract in the blockchain.
- Completely anonymous: Clients participating in the service will be completely
anonymous, which guarantees the privacy and security of information
- Help buy lottery from countries like USA, Europe ... and register the lottery code.
- Lottery purchase service (via blockchain and smart contract is an LTR token)
The project gives the opportunity to earn LTR tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bounty0x WebPage here (https://beta.bounty0x.io/bounties/704350), where you can access the link in order to see what are the conditions to become an early LTRcontributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://ltrcoin.com/main/whitepaper-en.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/LotterOfficial). I hope you liked the post and soon I'll send you new ones.
Price in PRE-ICO: 1 LTR = 0.0005 ETH
Price in ICO: 1 LTR = 0.00095 ETH
Tokens for sale: 100,000,000,000
Stage Date Event Stage 1.1 (2018):LTR Development Starts August 01, 2018 to January 01, 2019 Issue ICO – raising funds to launch LTR token project on ERC 20 platform Stage 1.2: Build Applications(Web,App) August 1st, 2018 to January 31st, 2019 Helping people buy lottery from USA,Europe,...
Building a website to buy lottery tickets with LTR tokens
Lauched alpha test version MVP
Lauched beta test version MVP
Stage 2: Lunch app and web to buy lottery online (January 1st, 2019)
Buy Lottery Ticket by Ltr Token and receive prize by BTC, ETH, LTR
Use LTR to buy products and services of BuyLottery.org
Stage 3: Lottery Services Global 2019 onwards Start Negotiate and sign contracts with the big lottery partners in Asia, Europe, and USA
Purchasing ltr token on Internal or International cryptocurrencies exchange trading platform
Buy Lottery in Asian, European and American countries via web and application
LTR start build platform LTR fork from ETH and build internal LTR Cryptocurrency Exchange Token
Email: [email protected].com
Bounty0x username: adriaparcerisas
Telegram username: @clauming
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71