Place/Date: Singapore - October 15th, 2018 at 11:44 pm UTC · 4 min read
Contact: Donocle, Source: Donocle
With passing times, there has been a significant evolution in the way lotteries are conducted worldwide. However, challenges such as slow processing time, low credibility, and high commission rates continue to impact the efficiency of this system. While currently, there are many online lottery platforms, they have a centralized approach which lacks reliability as well as flexibility.
In order to bring stability and credibility, Donocle has introduced a decentralized platform where common masses from across the globe can seamlessly participate in various lottery activities and earn substantial returns. It is a global project built within the blockchain framework that is revolutionizing the conventional lottery system. This platform has adopted the Open Data Flow technology and offers 50 different tokens and coins to the users.
Additionally, Donocle enables players to monitor the real-time transfer of money, thereby ensuring trust and transparency. The platform’s name has been derived from the words ‘Donate’ and ‘Circle’. Living up to its denotation, the platform allows winners to contribute a specific percentage of their earnings to the Donocle Foundation and retain the remaining amount into their account.
Donocle features an easy-to-understand interface, which allows users from different parts of the world to participate in online lottery activities with ease and efficiency. The lottery process is initiated with users purchasing lottery tickets. Subsequently, each player is provided with a unique six-digit number that is generated by the BTC counter.
To further ensure transparency, all players are informed of the total number of coins issued, sales numbers, and the sales price. With sales progress, these figures are regularly updated for the users.
To purchase the lottery tickets, users have to create a wallet, after which, they are provided with a dashboard where their numbers are displayed. Prices of these tickets are identified in the same way as the BTC market price is introduced on the cryptocurrency exchange.
A centralized lottery platform often lacks transparency and security. Additionally, new players often avoid online lottery activities because of frequent rigging issues and high commission charges.
However, Donocle is a decentralized platform where the entire process is fair and genuine. Furthermore, the platform charges low commissions giving winners more opportunities to maximize their returns. Donocle also eliminates the long wait for payment processing along with real-time tracking of the prize money flow.
Donocle Airdrop is an effective feature that allows users to earn guaranteed returns on the platform. When users acquire the Donocle token and deposit them on the platform’s POS system (Proof-of-Stake), they regularly receive Airdrop incentives.
Basically, when users pay crypto coins or tokens, Donocle tokens, or MIB coins to purchase a ticket, funds are accumulated during each session. A 10% of these cryptocurrencies are used by the platform for Airdrop. So for every Donocle token that a user holds in the POS system, they receive tokens from the 10%, based on the POS proportion.
The Donocle platform utilizes the Donation Global Blockchain Lottery System. It integrates blockchain with the Global Lottery System (GLOS), a system that is popularly used by sports operators. Donocle’s SmartX platform uses the Blockchain Hash Algorithm, which makes it quite simple, inexpensive, and lightweight. Additionally, the platform integrates the Blockchain Donation Direct Transfer System that transfers funds to beneficiaries in a safe and transparent manner.
Doncole works with an aim to eliminate the challenges and inefficiencies of the conventional lottery system. The platform has introduced a decentralized ecosystem for global players to efficiently participate in lottery activities and earn substantial returns in the bargain.
The ICO period for Donocole Network starts from October 8th ~ January 31st.
The PreSale event includes the following benefits :