Donocle - A Global Blockchain Lottery Platform
Introduction
The following review, is a detailed summary and analysis about the DONOCLE Project. This will be helpful for everyone who wants to learn more and get an objective view about the DONOCLE Project.
Lottery is a form of gambling whereby prizes are won just by drawing of numbers. If the player selects amongst the numbers drawn, he or she becomes a winner. Lotteries are banned in some countries by governments, while it is legalized in other countries while it is been regulated by government ministries and agencies. one the common law is the sales of lottery tickets to under age children, and licensing of shop owners/vendors.
DONOCLE
DONOCLE is a global LOTTO project with more than 50 types of coins and tokens that are utilized on blockchain-based lottery-draw method and prize, which are impartial and transparently revealed to maximize the fairness. DONOCLE is a decentralized, blockchain-based project that is revolutionizing the traditional lottery system. This global project basically provides a unified platform for individuals to take part in lottery activities in a secure manner. DONOCLE is an Online Lottery System that utilizes Bitcoin and other Altcoins as commodities.
DONOCLE project is based on MIB Blockchain Platform, and we increased safety and credibility through the combination of C/S environment and Blockchain rather than putting Blockchain and any business together.
The DONOCLE System Comprises of;
Lottery Drawing Process,
Confirmation of Prize Money,
Purchasing the Lottery,
Lottery Ticket Price.
Features of the Platform
The Effective Raffling Process: The raffling process is initiated when the users purchase lottery tickets using any of the 50 types of tokens currently available on the zone. Consequently, users are offered with a six-digit number from the BTC nonce that is considered as a raffle number. In the end, the total coins paid out to lottery winners are distributed based on the winning ratio. Additionally, the number of coins issued, sales number, and prices are disclosed to the buyers to ensure trust and transparency. As sale progresses, these numbers are regularly updated.
Proof-of-Stake System — Offering Reliability and Security: To ensure secure profit allocation, Donocle has integrated Proof-of-Stake system. POS allows an individual to validate a block transaction as per the coin numbers that he/she holds. Therefore, with the increase in coin possession, players have more opportunities to generate wins/profits.
Additionally, Donocle’s Airdrop is a feature that offers users with the opportunity to earn steady returns. Users can deposit their tokens in the Proof-of-Stake system and receive regular incentives for the same. Airdrop funds are accumulated in the form of coins/tokens that were used to acquire lottery tickets on the platform. By the end of each session, the platform collects cryptocurrencies in the form of crypto coins/tokens, Donocle tokens, or MIB coins. Donocle allocates 10% of these overall funds for Airdrop. Therefore, when users hold tokens in the POS system, they get Airdrop incentives based on the POS proportion.
Technology: The Donocle platform uses the Donation Global Blockchain Lottery System. The DGBLS integrates blockchain with the Global Lottery System (GLOS), a system that is used by many operators in sports. The SmartX Blockchain Platform is easy to use, inexpensive, and lightweight as it uses the Blockchain Hash Algorithm. Other conventional platforms use the GPU or ASIC software that does not give the players a great experience. The Donocle B System rides the Blockchain Donation Direct Transfer System. The advantage of this technology is that it transfers funds to the beneficiaries in a safe and transparent manner.
With Donocle lotto, Winners are selected according to first generated blocks. The raffling process will take place for the numbers 1 to 49 only. So if there will be an overlapping case of numbers of the randomly chosen numbers , the next blocks will be generated. All of possibilities need to think so in case with the other patterns those numbers exceeding to 49, same way as in case with overlapping will be applied.
VISION OF DONOCLE
The lottery industry has drastically witnessed a revolution with the help of Cryptocurrency and the Donocle standardised and transparent system will be at the forefront of the market.
DONOCLE Team having loads of years of experience in the online gaming and mobile games market hope that the blockchain Industry will be integrated with our real economy, and thus
construct a secured project in the industry.
Problems Other Platforms Face
Low credibility & worries of Rigging
High Lottery Commission charge
Slow process of Prize/Donation transfer
Solution DONOCLE Profers
Provision of transparency through Blockchain Algorithm
Free or low charge
Revealing the process of Prize/Donation transfer
Donocle offers two types of games:
LOTTO 649
This may be purchased numerous Cryptocurrencies as product. Fairness and Security is maximized by revealing transparently the Blockchain-based Raffle technique and prize. The purchase of tickets is finished e coins and tokens within the market. Distribution is based on the total sum of purchase.
How do you play LOTTO 649 ?
Write a Ticket
Select six of the numbers from 1 to 49 and choose the amount to purchase. Write the ticket or use auto generator. We provide various ways of purchase, such as number generator, manual typing, bundle purchase. You can save your combinations and use it for later draw.
Buy Ticket
1 Ticket is pegged at 0.0001BTC and the corresponding alt coins have their price set by highly reliable Exchanges. Exchange that has price difference of 5% or more is excluded
Draw
You can purchase the ticket until 11:30 (UTC).
Drawings are held at every 00:00 (UTC). The drawing takes about 30 minutes.
The Winning Combinations are determined by a Bitcoin Blockchain-based algorithm.
After excluding the first two digits of the nonce value, the 3rd and 4th, 5th and 6th, 7th and 8th, 9th and 10th numbers are used. The used numbers are from 1 to 49. The drawing result will be ‘Winning Numbers’ menu.The drawing result will be displayed at ‘Winning Numbers’ menu.
Payout
Prize Money
The prize money can be paid out until three months following the win. The winner must provide a “KYC” to the company within the 3 months of winning.
Keno
This was invented to save an ancient kingdom from its time of war.
Starting from an encouragement tool for the laborers of The Great Wall of China, Keno had its entertaining and thrilling moment widespread throughout the globe and in front of us today.
How to play Keno ?
The player chooses at least two numbers to maximum ten numbers between 1 to 80. After setting the wager, the game begins and the ball machine draws 20 random numbers which determines your winnings. Your prize will be paid out according to the number of matches.
Donocle KENO can be only played with DONOCLE Token. 1 Game Play : 2 DNL Token .
Token Details
NAME — DONOCLE
SYMBOL — DDL
PLATFORM — ERC-20 or MIB ERC-20
TOTAL ISSUE — 600,000,000
Unique Team
The DONOCLE team comprises of topnotch professionals in their domains. They have ambitious goals which will enable them to set new standards for the Market. To achieve this goal a strong Team is built with all the necessary skills, talents and long-time experience needed for the project. Most of the team members on DONOCLE have verified LinkedIn profiles. This is all good because the more transparency a company have in regard to their team, the more trustworthy they typically are.
Roadmap and Development Perspective
Conclusion
Donocle is a global lottery blockchain project using more than 50 types of crypto coins/tokens.
The lottery algorithm exploits C/S system and the blockchain technology made every flow of goods transparent, such as withdrawal & deposit of coins, purchase of lottery, and winning of prize. The fairness is maximized by using bitcoin blocks for winning numbers. One of the main feature of Donocle is the POS System. This stable system shares 10% of total lottery sales to the users in Proof-of-stake style.
Be a part of this tremendous project and follow these links below for more information;
Website : https://www.donocle.io/
https://lotto.donocle.io/
Whitepaper : https://donocle.io/download/DONOCLE_WhitePaper_EN.pdf
Telegram : https://t.me/donocle1
Facebook : https://www.facebook.com/donocle/
Twitter : https://twitter.com/Donocle1
Help: https://lotto.donocle.io/support/help
Author
nugezmils
MIB Address
0x112F0F6Dd0037106B3bEf8d36520f18DE7755e6D