A new lottery based blockchain

in #gambling6 years ago (edited)

If you’re lucky the lottery is that the simplest way to become wealthy, the matter is that the lottery is controlled by some agencies and there's no manner for a standard individual to test and audit it. They cheat it by regulating the draw, therefore, nobody can win or declare an associate anonymous winner whether or not nobody else wins the lottery draw. Last year Arizona lottery had an issue, its processed lottery system had a defect that the results of the sport “All or nothing” on Sept twenty-eight, 2017, and Sept thirty, 2017, had the identical result. it should be a coincidence, however, it happens once more briefly span of time, September 29, 2017, and October three, 2017, had the identical result on the games “All or nothing”, “Pick 3” and “5 card cash”. this fashion what we expect a different variety of the draw is maybe planned numbers and anyone who's aware of the resulting numbers will be a winner. This controversy results of refunds of all the ticket sold on those games from Sept twenty-eight through October three, 2017, and resignation Arizona Lottery director Tony Bouie.
Last year Colorado beano winner Amir Massihzadeh is suing the state lottery to induce all his winning; he's one in all the winners in Colorado jackpot in 2005. He was a victim of the lottery scam that results of the jackpot being shared by three individuals and he ought to be the only winner of that beano draw instead he got only a third of the number. The scam later knew once the suspect Eddie Raymond Tipton a former data administrator of the yank Multi-State Lottery Association confessed on, he cheats the lottery system. Due to his position, Tipton will simply access the pc chargeable for the lottery draw. Tipton had done the cheating by putting in a rootkit on the pc chargeable for the lottery draw. Tipton won the Colorado jackpot knowing the result early he bought the ticket with confidence, he won a third of the price, the third winner is claimed by Cuestion de Suerte LLC a firm with two lawyers connected with Tipton. This results of class lawsuit proceedings by the ticket buyers thereon lateen-rigged draw date seeking refunds.

knowing the issues of the current electronic lottery system I read one project that does not have this kind of issue. Introducing Mitoshi Cryptolotto "Spreading the joy of winning, one jackpot prize at a time!" unlike another electronic lotto the number generated from Mitoshi will be based on the latest bitcoin mined. This was it is ensured that no manipulation will be involved in the draw to make things better Mitoshi is also powered with smart contracts. Smart contracts will ensure that the winner will get the rewards instantaneously without a third party involved. To make the matter better all the result can be seen in the blockchain making it 100% transparent. One unique feature I found in this Lotto is that when there is no winner for the pot price the pot price will be distributed to the "active" players.
benefits of for the token holder:
The lottery is a multi-billion dollar industry it is expected to grow bigger as time passes on, as more bettor comes the token price will rise not mentioning Mitoshi Cryptolotto have global coverage. the only way to buy the lotto ticket is by purchasing Mitoshi Token. Early buyers will get a big discount on presale.
for more details about the price and mechanics and the token sale visit
website
brochure
Author:
gawer33
0x438D969c5169dA5AEeb871D5df297eF0259f54c8