Understanding LottoShares
LottoShares is stepping onto the stage, ready to perform a magic trick that even Houdini couldn’t escape from—a digital asset tied directly to a physical lottery. Powered by cutting-edge blockchain technology, LottoShares promises proof of fairness and 100% transparency in lottery operations. Some might say it could turn the lottery world upside down, but let’s not get too dizzy just yet!
How Profits are Distributed
How does this winning ticket work? Well, here’s the breakdown: 25% of the net profits generated from the Caribbean lottery will be divided among LottoShares investors. The remaining 75%? That will be split equally among the three partners behind this initiative. So, if you thought splitting lottery winnings was complicated, try involving blockchain into the mix!
The Concept of Instant Winnings
But wait, there’s more! The transparency of this collaboration allows for the distribution of LottoShares tokens, meaning you get instant winnings at the touch of a button—or, perhaps, a swipe on your phone. These tickets will be available for sale globally, making it easier than ever to dream big (you know, if you play your cards right).
The Unique Nature of LottoShares Tokens
While LottoShares tokens might look a bit like Bitcoin tokens, they behave differently. With blockchain technology, these tokens can be distributed, transferred, or sold in a blink! But here’s the catch: there are only 2 million of these tokens in the wild, and they can never be inflated. Think of it like a limited-edition collectible—only cooler because it can’t be stored in a basement.
Understanding Ownership
Now, hold your horses! LottoShares are not the same as owning shares in a company or participating in governance thereof. Instead, these digital tokens provide a shot at reaping benefits from LottoShares’ success. So, no, you can’t vote on the color of the office paint, but you sure can catch a ride on the profit train!
The Innovators Behind LottoShares
Behind this ingenious concept are Michael Taggart, the mastermind of Della Terra LTD, and Mark Lyford from Banx Capital. They’ve teamed up with Fantasy Lotto & Games, a licensed lottery and gaming business in Sint Maarten, aiming to be the pioneers of blockchain-based lotteries and online casinos. A modern twist on a timeless game!
Secure and Transparent Technology
As Taggart enthusiastically states, “I’m all about advancing blockchain technology. It’s secure, fast, and un-hackable!” Who wouldn’t sleep better at night knowing their investing in something that’s dressed in a virtual suit of armor? With impressive transparency, LottoShares is optimistic about attracting tech-savvy gamers everywhere.
A Brief Note on History
Finally, it’s important to distinguish LottoShares from the now-defunct LottoShares (LTS) altcoin that disappeared back in 2014. This new venture is not just a reincarnation; it’s a whole new ballgame.
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