Shark Lotto - Decentralized lottery
Every day over 100 million people play Lottery in the world, and take part in prizes draw. The lottery industry holds a 29% share of the global gambling revenue , the annual turnover of this market today is $284 billion. The online lottery market today is extremely promising due to a sheer number of participants and the entertainment factor. But despite overwhelming popularity, the lotteries currently available are not equipped to ensure the transparency of prize funds accumulation and distribution. But because of innovative technologies such as blockchain and smart contracts, now we can handle these critical issues. “SHARKLOTT” is a decentralized lottery, the main advantage of...
Token sale ended
- Token: SHLT
- Price: 1$ = 1 SHLT
- PreICO start: 1 Sep 2018
- PreICO end: 31 Oct 2018
- ICO start: 1 Nov 2018
- ICO end: 30 Nov 2018
- Country: United States
Every day over 100 million people play Lottery in the world, and take part in prizes draw. The lottery industry holds a 29% share of the global gambling revenue , the annual turnover of this market today is $284 billion. The online lottery market today is extremely promising due to a 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, now we can handle these critical issues.
“SHARKLOTT” 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 and operate with a high degree of autonomy, and its data and records would be cryptographically stored in public, decentralized blockchain. Available online and borderless, such a system can resolve several challenges of traditional lotteries. The proposed lottery will employ the random number generation (RNG) method, which is secure and fair and prevents manipulation and fraud. our lottery is completely transparent and is based on proven RNG algorithm.
Today the lottery sector has become one of the largest industries in the world, and the online lottery industry is still growing. It is considered to have significant growth potential. The online market is complementary to the offine, indicating huge growth potential. The market is huge, standing at $290+ billion, with approximately only 4% of this online. The global lottery industry grew from $187.1 billion in 2004 to $294.3 billion in 2016, representing a compound annual growth rate (CAGR) of 4.3% per year. More than 64% of global lottery sales come from Europe and North America. The total revenue of mobile lotteries in 2016 is estimated to be 43 billion, while 44% of the amount is generated in Europe and North America. The pace of technology adoption can be even faster in the developing markets.
According to the World Lottery Association (WLA), the lottery industry is growing year over year and expected to top 350 billion USD in 2018. Lottery analysts forecast that the analysts forecast the global lottery market to grow at a CAGR of 9.67% during the period 2018-2022. Their research points to many areas that allow for this expansion, including relaxed regulations, the digitization of current offerings, and by them taking advantage of mobile and social media channels. Up until recently, most lottery operators were B2C. With the advent of online and mobile lotteries, there are now more B2B companies offering online lottery platforms. Global Lottery Industry: The betting and lottery market is a large segment of the modern economy. With a lack of transparency is the main factor slowing down online lotteries growth.
None of the currently operating online lotteries are decentralized and transparent. Their processes depend on third-party involvement which is not subject to any control mechanisms and creates a high risk of lottery operators influencing draw results and prize payouts. These figures give every reason to believe that Shark Lotto is an extremely promising product, especially given its innovation, transparency, and scalability. At the same time, Shark Lotto plans to focus on the online lottery providing an opportunity to create the unique lotteries not currently available on the market.
Shark Lotto is the international Lottery blockchain based on Ethereum smart contract to control and regulate its operation. Shark Lotto operates automatically and independently, ensuring fair and transparent lottery play. Collecting and distributing funds, drawing winning numbers in a random fashion, and paying lottery tickets sales commission to token holders. The prize pool of the Fire Lotto lottery is formed from 80% of the funds collected from ticket sales. The minimum size of a guaranteed jackpot is fixed USD 1,000,000.
The player needs to have Ethereum-wallet and then the player enters the lottery site with a traditional and user-friendly interface, where he or she can buy almost an unlimited number of lottery tickets and choose numbers for each ticket. Tickets are bought in one click through the user’s cryptocurrency wallet. Ticket purchases will be with following payment methods: Ethereum, Bitcoin, and Litecoin, next step Ethereum transaction goes to the smart contract of the chosen lottery, contributing to the prize pool. 80% of all lottery ticket sales are allocated to the prize pool.
Shark Lotto offers a transparent business model for token holders. Operational expenses, lottery withdrawals, and tickets sold will be on record for Token holders on the Ethereum blockchain, so it cannot be altered. The main service that generates profits is ticket sales. The ticket price comprises 1 USD or its Ethereum or Bitcoin or any other Altcoin equivalent. The main service that generates Shark Lotto profits is ticket sales.
- May 18Development and research
- September 18Private Sale
- October 18Pre-ICO
- November 18Token Public Sale
- December 18Token Listing on exchange
- January 19Development and Marketing
- February 19Fully decentrailzed platform
- Platform: Ethereum
- Price: 1$ = 1 SHLT
- Accepting: Ethereum, Bitcoin, Litecoin, Bitcoin Cash
- Token distribution: 70% - Investors 15% - Team 12% - Initial Investors 3% - Bounty
- Soft cap: $ 1,500,000
- Hard cap: $ 7,000,000
No proofs of legal entity was found.
Prehistory of project
No prehistory of project was found.
Product or its MVP
No working product or its MVP are presented.
No information about blockchain experience was found.
No escrow information was found.