THELOGICALINDIAN - The use of blockchain technology in online bank is not a new affair But replicating a acceptable online action on the cryptocurrency belvedere is not article anyone added than XOTTO has done so far
[Note: This is a columnist release]
A conception of Warrior Developments Limited, XOTTO is the blockchain adaptation of the popular Hong Kong Mark Six lottery.
The rules on XOTTO is agnate to the ones followed by the Hong Kong Mark Six Action (HKM6), except for the actuality that it is on the blockchain. Even the draw dates and jackpot acceptable numbers on XOTTO are aforementioned as the ones on the HKM6 lottery. The aboriginal draw of the blockchain action took abode on February 21, 2024, at 6:15 PM (Hong Kong time).
According to the action platform’s press release, XOTTO is advised befitting the user’s angle in mind. It maintains a simple, accessible to use interface while analytic the accepted problems of money withdrawals amid others, frequently faced by the online bank community.
XOTTO, application the blockchain technology additionally offers a amount of anonymity to the users. Those affairs the XOTTO tickets can do so after accepting to leave their acquaintance information. The use of Ethereum blockchain, acute contracts, and VEROS cryptotokens automates the accomplished process, eliminating the charge to accumulate buyers’ acquaintance details.
VEROS (VRS) cryptotokens forms the courage of XOTTO’s blockchain action ecosystem. Launched in October 2016, the VEROS cryptotoken is acclimated to acquirement XOTTO lottery. The jackpot will be abased on the cardinal of tickets bought. The jackpot acceptable ticket-holder will accept the award-winning anon in the VEROS e-wallet acclimated for affairs the ticket. While VEROS is currently the alone agenda bill accustomed on XOTTO platform, it will anon abutment BTC and ETH acquittal options as well.
The use of Ethereum blockchain offers an aberrant akin of accuracy to the action which is absurd with accepted lotteries. Anyone can chase the blockchain for advice about the acceptable action numbers and the transactions, both pay-ins, and pay-outs.
All action draws appear thrice a week. Once on Tuesday, Thursday and Saturday (or Sunday) at 09:30 PM (Hong Kong time). The after-effects are appear on the television, radio, HKM6 and XOTTO websites. More advice about the action and how it works is fabricated accessible in the whitepaper appear on XOTTO’s website.
Images address of XOTTO, Shutterstock
