Legacy Lotto
EVOLUTION OF THE GAME WAY BELOW TRADITIONAL
Playing simple lottery games only.
Betting some money makes it possible to build an investment and it can be used for inheritance. The lottery industry is for everyone who is willing to take the opportunity to win a prize for life.
The global technological revolution is changing the way the gameplay industry is managed, thanks to blockchain technology, the shift in governance from the central authority to the users is now possible. This technology enables key upgrades that enhance the gameplay experience. Upgrades such as higher winning opportunities while increasing payments, reducing ticket costs, increasing the number of jackpot lumps and rapid meltdown wins are now possible; all these in a transparent, self-contained, secure platform that controls itself from the hands of the institution.
Legacy Lotto is that platform.
Legacy Lotto is a lottery lottery that allows players to participate in ticket purchases or ticket mining. Our business model is based on the belief that blockchain technology will radically change the old-fashioned way to hold traditional sweepstakes. Ticket mining allows participants in an attractive lot without paying for tickets, more information will be given further on the website.
Market size
By 2016 the lottery industry is responsible for 29% of total global gambling revenue, this is equivalent to about $ 415 billion dollars. Online lucky draws account for 10% of total online gambling revenue, generating a $ 41.5 billion industry. We predict this gap will occur quickly in the next few years as the online market allows users to participate in the global sweepstakes, offering a variety of options that are greater than local availability and that can be done from the comfort of your smartphone.
The online gambling market is expected to grow rapidly over the next few years. Expert analysts expect the industry to be worth $ 97 billion dollars by the end of 2024. This is an estimated 26% increase every year, positioning it as one of the fastest growing industries. One of the few industries that can boast a larger market size increase is the cryptocurrency market.
Blockchain Technology
Blockchain is an irreversible ledger that records digital transactions. This technology was first introduced by anonymous individuals under the pseudonym of Satoshi Nakamoto in 2008 and has since revolutionized the way we conduct currency transactions around the world.
Blockchain allows trust to be distributed across the network, without the need for central authorities to track, verify and approve digital exchange of values. It operates as a decentralized distributed database, maintaining a growing list of notes divided into blocks. Inheritance will leverage this technology to become decentralized and place trust in its users. Blockchain is a fairly new technology and is still in active development, improvements continue, and are quickly becoming more efficient and secure than traditional ancient systems, therefore banks, governments and other institutions are adopting this technology.
Smart Contract
Smart Contract has become one of the most valuable Blockchain applications, a contract that encodes, enables, validates and enforces negotiations and executes an agreement. By using smart contracts, we can replicate the contract clause procedure and make them execute themselves and enforce themselves. The smart contract not only defines the terms and conditions around the agreement in the same way as the traditional contract, but also enforces those obligations. Smart contract is transparent, so the user can trust the contract output without trusting any actor in it.
These contracts allow Legacy to operate as automatic auto-managed and self-managed auto lotteries in the Etereum Block, meaning all transactions are publicly recorded in the blockchain and can not be tampered with.
Platform Legacy Lotto
Currently the sweepstakes industry and gameplay rely on sluggish, opaque and bureaucratic systems that are prone to corruption.
Lotto Legacy will become the new standard for raffle games, offering a global lottery based on blockchain supported on the Ethereal platform. The Legacy Lotto Platform is a community-based reinvention of lottery systems that will significantly reduce bureaucracy while improving the security, efficiency and transparency of operations. This is a gameplay trading platform that offers new user betting freedom, a new type of payment method thanks to the sweepstakes mining app and swap exchanges, LGY.
Ticket Purchase
The ticket purchase is only available at legacylotto.com/io with the following payment methods:
- Bitcoin
- Etereo
- Litecoin
- Dogecoin
- Inheritance Token
- Ticket mining
The ticket value will range from 0.81 ETH to 1 ETH. The amount spent on each ticket will be proportional to the number of jackpots the user deserves when winning.
Game players will receive a 10% discount by using the LGY token to purchase lottery tickets.
Process
- Select the number of tickets to purchase
- Select 6 numbers from 0 to 21 manually or use the "Randomize" option to allow our system to generate random ticket numbers.
- Determine the price of the plane ticket in Ethereal scale. The amount spent on LGY will be calculated at the current exchange rate against the coin selected in the payment method.
- The ticket purchase has been verified, stored in the legacy account and registered permanently in Ethereum block.
Sweepstakes will happen every day and the winning number will be generated from the last hash block and converted from Hexadecimal format to Arabic numbers (1, 2, 3, 4. etc.). The hexadecimal conversion scheme is presented further.
All results and payments are not dependent on third party manipulation, the Legacy Platform will execute all of the Jackpot distribution in accordance with the contract clause coded smart contract.
Ticket Mining
Inheritance has gone the extra mile to provide an active gameplayer with the best sweepstakes experience in the market. To do so, we have introduced a revolutionary approach to take part in the lottery without risking hard earned money.
Ticket mining is a revolutionary feature that Legacy Lotto offers. It utilizes the advantageous characteristics that cryptocurrencies offer by allowing everyone to participate in the exciting draw by pedaling their own CPU power.
Legacy mining is a network that allows one to allocate a backup CPU resource to participate in a prize draw. Users running Legacy Nodes are paid on the LGY token that can be used to purchase lottery tickets, allowing anyone with a smartphone or laptop to participate in the prize draw. Through the combined power of the CPU from the Legacy community, we will be crying out cryptography with ease, always trying to optimize our resources to increase the jackpot. All mined cryptoes will be directly stored in the Jackpot Vault and used exclusively by smart contracts to provide payment to all Lotacy Legacy participants with winning combinations.
The efficiency of ticket mining will be directly proportional to the amount of CPU power at stake. Before starting to mine users will determine the priority of CPU usage, this will result in the rate of ticket mining. All accumulated tickets will be accessible via the wallet at your extension node. The number of tickets is calculated by setting the ticket value on the ethereum scale.
This approach will contribute to the growth of the Lotto Legacy Jackpot and give more streamers entry which in turn will increase the Jackpot to create a great symbolic relationship.
Mining Options
Legacy Lotto will be the first crypt to use CPU staking to build a community-based decentralized mining supercomputer that will distribute revenue to Vault Jackpot. Through the Legacy Node Extension and our mobile app, players can allocate backup CPU power and act as nodes on our community super computers.
Web Mining
- Sign in legacylotto.io
- Download Mobile Lottery Mobile Legacy Mobile App from Play Store / App Store
- Turn on the mining node
- Set CPU Usage Priority
- Generate Lotto Tickets Legacy as you browse the web
Node Legacy Extensions:
- Download the Legacy Node dari website Legacy Lotto: http://legacylotto.io/node-ext
- Turn on the mining node
- Set CPU Usage Priority
- Generate Lotto Tickets Legacy as you browse the web
Hexadecimal Conversion
In mathematics and computation, hexadecimal numbers (hex) are the basis of 16 positional number systems. It uses 16 characters, the first nine are represented with values from zero to nine while the values of ten to fifteen are represented by A, B, C, D, E or F. We use the following conversion system to generate winning combinations from the resulting. hash in last block:
Once the designated draw time is over, we receive the winning hash from the last block.
Example: 0xd14a028c2a3a2bc9476102bb288215a234c4b01f828ea62ac5b3e42f
The hash character is organized into groups of 4, and only the last 6 clusters are converted to winning combinations.
- Example : 0xd14a028c2a3a2bc9476102bb288215a2 34c4 b01f 828e a62a c5b3 e42f
- Example : (e42f) 16 = 58415
- Example : 58415 mod 21 = 14
Repeating the procedure, the following 5 winning numbers are as follows:
- c5b3 = 1
- a62a = 13
- 828e = 11
- b01f = 0
- 34c4 = 5
Possibility
Interesting value
Sweepstakes will be held every day, and all winning combinations will soon be issued by a self-run Lego smart contract. Jackpots will be a dynamic amount where payment to users who have variations of winning combinations will reduce the number of jackpots while new participants in the pursuit of Jackpot Legacy will add total jackpots.
If no ticket matches all the number slots including the Legacy Number, the jackpot will continue to accrue until the winning ticket is withdrawn.
Jackpot Vault
Legacy's Jack Pot Vault aims to minimize the volatility of the kriptocurrencymarket market. To reduce risk and make appropriate portfolio allocation of risk returns, all lottery purchase purchases are stored in our Vault Jackpot in the original state. This means tickets purchased using Bitcoin, Ethereum, Litecoin, Dogecoin or Legacy Tokens are stored in the vault.
Payment
If the winning ticket for the entire Jackpot withdrawn players will be paid in Ethereal. However all other winners will be paid in the LGY token, a win will be taken from Jackpot Vault, converted to Legacy token (LGY) and distributed to users holding a winning ticket combination.
There are different combinations to win, by successfully matching one of them, the user will receive the appropriate payment. The winning combination is published every day at legacylotto.io and the appropriate payment will be made on your own thanks to the legacy intelligent contract. Payments will be anonymous and will be executed in two draw lot hours.
Security
Blockchain security depends on the node, anyone with an internet connection can manage the sync that is synchronized with the whole blockchain.
This allows each transaction to be verified with every other node affiliated within the blockchain before it is written into it. This redundancy makes blockchain very safe.
Sweepstakes are immediately published through the interface, providing a secure audit trail for all game play participants. To take part in a given sweepstakes, the user requires a Ethereum wallet to receive incoming payments. The funds stored in Vault Jackpot are solely governed by smart contract clauses, they can only be released to players who hold winning combinations.
Legacy Lotto has been built using the DevSecOps methodology to ensure security when producing and updating applications at high speed. To learn more about this methodology, visit the links below and see the checklist that the team has requested:
Transaction fees
To ensure a fast, cheap and reliable transaction, the gas cost used to place any bet will be the current standard gas price (Gwei).
Parameter ICO
- Pre-ICO Start Date: January 22, 2018
- Date of Pre-ICO Date: February 14, 2018
- ICO Starting Date: February 15, 2018
- ICO End Date: April 20, 2018
- Token LGY published: 1.000.000.000
ICO Budget Distribution
We only accept ICO contributions in Ethereum.
Jackpot Start Value: 60%
We believe to start something at a price that changes with life, therefore we allocate most of our budget to the first Legacy Jackpot Auction.
Marketing: 20%
To launch a successful project, there must be product awareness on the market. Legacy Lotto aims to be a global destination for online sweepstakes, as a large number of our resources will be allocated to strategic advertising.
Product Development and Management: 10%
The development section of the smart contract used by Legacy Lotto is under Security Audit. As a result, the prize draw will commence soon after the ICO end date. Funds provided for product development will be fully assigned to complete the desktop extension nodes, developing universal wallets and mobile apps.
Legacy Heritage: 10%
The Legacy Reserve is there to protect the Legacy token. We are ready to use alternative cryptocurrencies to buy the LGY token and keep the floor fixed. This type of monetary intervention is quite common among countries to stabilize their currencies.
For example, Switzerland has managed to keep the exchange rate against the euro through the purchase of foreign exchange that is not sterilized. By doing so, they have more than doubled their monetary base in a few years. All investors must send transactions from personal wallets supported by Ethereal and NOT from the exchange. LGY is a standard token ERC20 so all investors need the Ethereum address.
Each jackpot will be converted into an LGY token through a different exchange, we have started looking for our tokens registered in the delta ether.
As the token Ethereum ERC20, the LGY token will be accessible on the public market with higher trading volume. LGY holders will benefit when the Jackpots start to take off even if they are not in the lottery. Upon completion the ICO token LGY will be available in Cryptopia and Kucoin.
Rafael Utkin
COO
For nearly a decade, Rafael has been a serial entrepreneur working with world-class developers and publishers on many projects including the statewide arbitrage equity trading model. Rafael started the lottery business after realizing that only 3% of the $ 250 billion dollar lottery market is played online. Since then Rafael has benefited from an innovative start-up business in the gaming and lottery industries.
Alfonso Martin
CFO
Martin earned a BA in Economics and Management from Tel Aviv University and started his career at BVR Systems but soon after turning to investment banking where he focused on restructuring and engagement valuations. Alfonso worked and served as an advisor to Bear Sterns and several other companies. In recent years Alfonso has been an active investor with an interest in cryptomarkets.
Alexander Yanovich
Blockchain Developer
The leader of software engineers with 13 years experience in various industries including e-commerce and finance. Mark has been heavily involved in the development of mining hardware for the past 3 years. Its progress has been recognized by many technology organizations and magazines including Wired and Popular Science.
Armando Moya
System Architect
Software engineer with seven years experience as a full web developer stack. He is proficient in PHP, JavaScript and MySQL. Has successfully completed projects in Austin, London and Toronto. Graduated from the University of British Columbia with a degree in computer science in 2006.
Mustafa Panchenko
Backend team leader
Mustafa has been a crypto scholar since early 2012 and is an experienced developer focusing on developing business process automation for financial and payment solutions.
Anton Ampudia
Marketing and Design
Anton studied graphic design and the web and has been successful in several NY-based creative agencies. He is a passionate user-centric thinker with strong brand, marketing and UX / UI background creation.
Anna Qian
Head of Media
Anna specializes in optimizing customer acquisition, retention and activation. In his last project Anna used intelligence data to drive 22% engagement and increase of clicks to websites. As head of media Anna will develop work to increase market penetration Legacy Lotto to increase user adoption and increase jackpot price.
Max Bulavko
Legal advisor
Max has over 20 years of experience in corporate and financial law. He has advised other companies in the jurisdiction of Costa Rica and company formations within the scope of International Law. Max graduated law school in 2007, post-graduate law in 2009 and constitutional law in 2010.
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PRE-ITO [22 Jan, 2018 - 14 Feb, 2018]
ITO [Feb 15, 2018 - Apr 20, 2018]
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Twitter: https://twitter.com/LegacyLotto
Telegram: https://t.me/Legacy_Lotto_ICO
Website: https://www.legacylotto.io
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