ICO Today Magazine News
Over 100 million people play Lottery every day in the world. On average about 1 in 14 people win. Pretty impressive, no? The reason we bring up Lottery is that LuckyToken is a tokenized "Lottery" in the sense that the rules of the game are absolutely the same: the player chooses 5 arbitrary natural numbers ranging from 1 to 75, and also one additional number ranging from 1 to 15. Having guessed correctly the five numbers, the player receives the first prize, and if he also guessed the extra number, he/she wins the jackpot. The smaller number of matches also has its own prize categories. However, the main difference between regular Lotteries and LuckyToken is that LuckyToken is blockchain-based and therefore not subject to manipulation.
The online lottery market today is extremely promising due to sheer number of participants and the entertainment factor. But despite overwhelming popularity, the lotteries currently available are not equipped to ensure the transparency of prize funds accumulation and distribution. But because of innovative technologies such as blockchain and smart contracts, we now can handle these critical issues. LuckyToken is a decentralized lottery, the main advantage of which is the absolute transparency of all processes taking place on the platform and the complete and utter impossibility of fraud.