Can a Blockchain Lottery Solve the Problems of Online Gaming Industry?
The foundation and popularity of the Airtoto project – which is an online blockchain-based lottery platform – has forced gambling experts to wonder whether blockchain is really a solution to the problems of the traditional online/offline gambling industry. The Airtoto project is presently in the ICO phase and the live platform will be launched later this year, but it is already creating a huge response in the industry. Let’s find out why.
Airtoto – Making the Lottery Market Transparent
One of the major issues that the Airtoto project will solve is that of transparency in lottery results or draw. Airtoto utilizes the decentralized feature of the blockchain technology to facilitate a global lotto system where all the transactions will be made in a fair and transparent manner. Blockchain transactions are public and can be easily verified in case of a dispute. This effectively resolves the transparency issue of traditional lotteries.
The fairness of the lottery results remains a major area of doubt among the players. No one knows how the numbers of being drawn and how the winnings are being distributed, because all the transactions go through a centralized system which is usually controlled by the lottery operator. In a way, the lottery operator has the complete control over who wins the lottery.
Blockchain shifts that control in the hands of the players by making the system completely transparent. With Airtoto, any transaction or result or winner or lottery pool can be easily verified as everything is public.
Airtoto – Promoting a Fair Lottery Game
Airtoto is a fully blockchain powered platform where the winning numbers are drawn by a blockchain-based RNG (Random Number Generator) in a completely fair manner. From the moment you purchase the lottery ticket to the time the numbers are chosen, there is no human involvement. All the actions are taken by an automated system with each transaction being verified by the smart contract. Therefore, the chances of fraudulent transactions are almost nil.
Another benefit of a blockchain lottery system is that it doesn’t require users to share their personal details with the system in order to play the lottery. In addition, it maintains full autonomy for players and winners of the lotto. So, you can be completely assured of privacy protection when playing with a blockchain lottery platform like Airtoto.
The pre-ICO sale of Airtoto tokens is in full swing. The token is presently available at a discounted price of $0.10 along with a bonus of 15%, which will end on 12 January 2019.