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What Is Delot (DELOT)?

Delot is the decentralized lottery game for token holders. DELOT token is the utility token that is used in the Lottery game. Traditional lotteries are restrained by multiple factors that are slowing their progress down by discouraging potential participants. Since they are centralized, there is virtually no control and transparency on what the lottery provider does. There have been reports of fraudulent behavior by the provider such as unpaid winnings, manipulation of the RNG (random number generation) mechanisms, which, as a result, undermines the trust and discourages potential gamblers or betters to participate in them. Another disadvantage that is particularly relevant to national lotteries is their outdated offline format that requires players to buy a ticket the old-fashioned way.

What is more, these national lotteries offer limited prize pools since they are restricted only to the country they are conducted in. In the traditional lottery, players pay for the number of tickets they want to get. E.g.; Ticket price is $1, players pay $1 to get one ticket, $2 for two tickets and so on. DELOT Coin has the better mechanism: players only need to deposit a little token to join the round. They can get additional tickets just by holding, the more token they hold the more ticket they get, so they are beneficial by increasing the chance to win lottery round just by holding, they do not need to deposit more (spend more tokens to get more tickets). Especially, the more ticket they have, the more chance to win the grand prize. 

DELOT Coin Storage Key Points

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Problem

Traditional lotteries are restrained by multiple factors that are slowing their progress down by discouraging potential participants. Since they are centralized, there is virtually no control and transparency on what the lottery provider does. There have been reports of fraudulent behavior by the provider such as unpaid winnings, manipulation of the RNG (random number generation) mechanisms, which, as a result, undermines the trust and discourages potential gamblers or betters to participate in them.

Another disadvantage that is particularly relevant to national lotteries is their outdated offline format that requires you to buy a ticket the old-fashioned way. What is more, these national lotteries offer limited prize pools since they are restricted only to the country they are conducted in.

Solution

DELOT has the better mechanism: the more token you hold the more ticket you get, so you are beneficial by increasing the chance to win lottery round just by holding, you do not need to deposit more (spend more tokens to get more tickets). Especially, the more ticket you have, the more chance to win the grand prize.

Unlike a traditional lottery where players must continuously buy tickets for every drawing, DELOT focuses on simplicity – just acquire the token, hold, and you will automatically be entered into the next lottery rounds thanks to Auto Pool feature.

Features

Fully decentralized

DELOT Coin entire process is managed by ONE smart contract and deployed to run on-chain.

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Fully Automatic System

As you may know, smart contact itself cannot trigger states. By using with Chainlink Keepers and make the smart contract is compatible with the UpKeep, the lottery game can run endlessly.

Easy to join

No need to choose lucky numbers as traditional lottery.

Incentive for token holders

Players are required to hold tokens till the end of the round to get more tickets, so it will drive the demand of token. Not only will it increase DELOTE token prices, players will get more chance to win the grand prize, so this in a way is double incentive for Hodlers.

Auto Pool feature

Allow to join next rounds automatically. No action is required from users to join. Unlike a traditional lottery where players must continuously buy tickets for every drawing. Moreover, player get more tickets by joining the round soon, so that have more chance to win the round.

Chance to cooperate with other projects to expand community

The lottery game is developed to launch on any ERC20 token. It is a big chance for us to deploy lottery product for our partners so they can have larger community.

Be responsible with the community

DELOT Coin have a specific Charity wallet that receives a portion of Lottery Pool. Tokens will be converted to BNB and transfer to our charity partner – Binance Charity.

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Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

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