Belotto (BEL) Is The Best ICO Review

in #steemit6 years ago

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What is Belloto?

Belloto is the new decentralized standard for lotteries We bring transparency into the lottery business and combine our tech knowledge with the amazing blockchain to make more millionaires in the most honest way. We deliver innovation, transparency, trust and security to the most popular gambling game of all times by eliminating the risk of misallocated money, drawing or jackpot manipulation through a decentralized lottery scheme powered by blockchain, and what's even better, what you are announced is what you get, not a cent less. With Belotto, the house never wins. Users do.


A virtually flawless system capable of ensuring players that their money will go straight to a collective pool that will only be taken by winners through an autonomous and inalterable framework powered by Smart Contracts, and the winning numbers are dictated by blockchain itself, through a unique decentralized drawing methodology. Belotto eliminates inconsistencies, lack of reliability, overpriced services and other problems found in traditional lottery systems taking everyone's favorite game to the next level. Join the new era of lotteries by obtaining your own BEL Tokens.

How Does Belotto Work?

Belotto works by first distributing the money from the ticket sales in a way that the jackpot is constantly fed with each new purchase. The jackpot money is the then stored via escrow to prevent use of the money before a winner is found. A draw is held every week and to ensure that the numbers combination cannot be altered, the numbers are brought from bitcoin blockchain hashes. If there is a winner, smart tickets will notify the winner and Belotto and the funds are transferred to the winner's wallet through the escrow.
The project will have three major lotteries: Belotto ether lottery, Belotto bitcoin lottery, and Belotto express, which have similar operation methodology and philosophies but independent decentralized structures. The platform uses the BEL token, which is built over the Ethereum blockchain. The token is accepted as its means of payment in order to acquire services on the platform. Token holders will not require any special software or agents in order to access their tokens. The tokens can be acquired during the Pre-Sale, Sale, and Second Sale stages through the purchase of credits. Purchasing of the tokens and credits during the pre-sale and the second sale stages will lead to the holders getting discounts and in the case of credits, they will be rewarded with tokens of the same proportion as the credits they have purchased. Credits and tokens are used in the acquiring of smart tickets for participation in the Belotto lottery.

Problem

Inconsistencies, lack of reliability, overpriced services and the fact that users never know what happens behind their screens when they gamble online, are some of the problems that lottery users face when playing online (and it's not so different when offline), there is a lot of uncertainty and doubts nearly always followed by disappointment and as a final result, a potential industry growing at a shorter pace than it should.

Solution

Before blockchain, we knew no solution to this. But now, the there is a winner, the Smart Tickets notify both parties, and escrow is used in order to release and transfer the money to the winner's wallet. system is capable of ensuring users that their money will go straight to a common pool, that will only be taken by winners through an autonomous and inalterable framework powered by Smart Contracts. And the "who wins"? enigma will be dictated by blockchain itself, as an unprecedented decentralized drawing methodology. Belotto.io won't even generate the numbers, and you can check it all for yourself. No manipulation here, or there. It's virtually flawless.

Why Invest In Belotto?

Security: Through the blockchain basis and the integration of smart contracts, automation and decentralization is made possible, which ensures a high standard of security is maintained though the service provision. The adoption of escrow in the system also ensures that the jackpot money is secure and it can't be used before a winner is found.
Transparent and incorruptible: The gambling process is transparent from the beginning to the end. The methods of feeding the jackpot, obtaining the winning numbers, and transfers to winners is manipulation free. Information is transparent from the public and anyone with internet access can gain access to it. Zero commissions: The blockchain system of the platform allows the transactions through it to be tax and commission free. This means that winners of the lottery will receive their prizes in full without any deductions. Worldwide reach: There are no location barriers - anyone from anywhere around the world is allowed to participate. Language barriers are also reduced, as it is available in two main languages, English and Spanish and more will be added through the bounty program.
More payment options: Users can transact through cryptocurrencies, fiat, and other traditional means of payment on the platform, which expands the users' possibilities. Increased winning odds: The chances of winning on the platform are increased due to small ranges of the lottery number.

The world's truly transparent lottery

Smart Tickets will associate each user with their played numbers preventing ticket forgery and guaranteeing a fully transparent mechanism. Prizes will always be delivered, there are no minimum or maximum limits. Whoever hits the numbers takes it all, because the money is actually there. No deductions will ever be applied to jackpots, as the administrative fees are automatically distributed by Smart Contracts before every new addition. Escrow will ensure payouts are transferred directly to the winners' wallets without needing regulation or third-party intervention. Universal presence that enables ticket acquisition and prize delivery without leaving home and anonymously to protect users' integrity. Jackpots and sales history are publicly available and stored on the blockchain for permanent and transparent reports. Money raised once reaching Hardcap and through subsequent Second Sale stage will become the base amount of the first jackpots for millionaire prizes from day

  1. BEL tokens are granted as a gift after credit purchase through Pre-sale, Sale and Second Sale stages. Upon completion of these stages, the token will be available through multiple exchanges.

OPPORTUNITY

The lottery business has been experiencing remarkable growth throughout the last years reaching a net revenue of 22.57 billion dollars per year in the United States alone, and has seen a 4.94 billion dollar raise in its annual income in the course of eight years, such growth is mainly fueled by double-income that is rooted in the increase of working women, boosting the overall income in households enabling the acquisition of exclusive products and leisure activities and in general the spending capacity of people in developed countries
It is also important to note how personal mobile devices are contributing to the rapid "virtualization" of the world:
"The growing adoption of smartphones and tablets and high penetration of internet will play a significant role in the growth of the market, especially in the mobile lottery segment". -Technavio.
The capitalization of the main cryptocurrency markets and the public reception they have achieved, superseding all speculation and defiance of every statistic demonstrate their great power.

Belotto & Blockchain
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Belotto hands over the management of the various crucial stages that make up a lottery business operation to the Blockchain in the following way:

Drawings
Drawings will no longer be secretly carried out behind closed doors, as we will extract alphanumeric strings (later converted into numbers) from a public, external source: www.blockchain.info to determine the winning numbers combination, for an absolutely random process.
Agreements

Smart Contracts will be in charge of handling the signatures of legal documents: Privacy Policies, Terms, and Conditions of Use, Operation Standards, etc., as well as pursuing violations of them and non-compliance complaints.

Payments
This covers all payment-related transactions, may it be for ticket or service purchases, rewards, and dividend delivery.

Prizes
The incorporation of money received from ticket sales to the main lotteries' jackpots, as well as prize delivery.

Smart Tickets
Smart Tickets will be in charge of associating each user with their played numbers thus, preventing ticket forgery.

History
All historical data will be permanently stored on the Blockchain in a secure and automatic way.

Security
Belotto's own Blockchain and Smart Contracts allow automatization and decentralization throughout the service rendering for a higher security standard.

Rewards
The decentralized network will manage all incentives for those who contribute to the community with reports, bug resolving, referrals, translations, and more.

Escrow
The double-security standard that protects jackpots' money through joint signature so that no one has access to them before there is a winner and for other than transferring it to them.

Belotto Tokens Details

BEL Tokens are built over the Ethereum blockchain, a fundamental component of the Belotto ecosystem, designed in an integral way to be used within the platform. Acquiring BEL Tokens entitle users to purchase lottery tickets and receiving discounts within our privileged community. BEL Tokens can be obtained in pre-sale, sale and second sale stage through credits purchase. Here's what we'll do with the tokens we issue. Everything is on display from the start, we like it that way.
Token: BEL
Price: 1 BEL = 0.20 USD
Bonus: Available
Platform: Ethereum
Minimum investment: 0.1 ETH
Soft cap: 1,000,000 USD
Hard cap: 10,000,000 USD
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Sale → 50%
Pre-Sale → 10%
Team & Advisors → 15%
Company Reserve → 20%
Bounty → 5%

Roadmap
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FAQ: https://c.fastcdn.co/u/074e20eb/30427011-0-Belottos-Faq-en-v2.pdf Whitepaper: http://belotto.io/download/belotto-wp-english/?wpdmdl=14 How to join: https://c.fastcdn.co/u/074e20eb/31435456-0-CONTRIBUTE-CAROUSEL.pdf lightpaper: http://belotto.io/download/belotto-lp-english/?wpdmdl=18

Team

Advisor
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Disclaimer
Not all the websites Which listed in Top List are 100% safe to use or investment. I do not promote any of those. Due diligence is your own responsibility. You should never make an investment into any online program with money you aren't prepared to lose. Make sure to research about the website.So Please take care of your investments. and be in the safety site and avoid much losing online.

Social Meida







Website - http://www.belotto.io/ ANN - https://bitcointalk.org/index.php?topic=3333097.0 Facebook - https://www.facebook.com/BelottoOfficial/ Telegram - https://t.me/belottogroup Twitter - https://twitter.com/Belottoofficial Medium - https://medium.com/@belottoico Reddit - https://www.reddit.com/user/belottoico Github - https://github.com/BelottoOfficial~~~ embed:ECTGY2C0la0 youtube ~~~

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