Overview

DELOT is the world’s first innovative decentralized lottery game for token holders. Problems

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Another disadvantage that is particularly relevant to national lotteries is their outdated offline format that requires you to buy a ticket the old-fashioned way.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.

In traditional lottery, you pay for number of tickets you want to get. E.g., Ticket price is $1, you pay $1 to get one ticket, $2 for two tickets and so on.

Solutions

DELOT has the better mechanism: you only need to deposit a little token to join the round. You can get additional tickets just by holding, 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.

DELOT token is the utility token that is used in the Lottery game.