About

Loteo is a fully automated, peer-to-peer online gaming and gambling business focused on making gaming more accessible.

History

Loteo is an automated digital lottery executed via code. The lottery will draw a random Ethereum address from a pool of users at first on a weekly basis and later daily. The draw will be based on a random number generation system that will have a publicly viewable code on GitHub and on Ethereum. The lottery winner receives 75% of the prize pool as a reward, which is sent to their Ethereum wallet address. Loteo aims to make this form of gambling gaming accessible to more people than ever and to reduce trust by relying on smart contracts. Loteo aims to become the industry standard in the rising market for digital lotteries.