Designed to be fair, My Lotto Coin is an innovative lotto game, which incorporates the joy of traditional lotto experience into the security, reliability, transparency and performance of blockchain technology, to ensure both traditional lotto players and crypto-enthusiasts enjoy the future, today, while empowering players by giving back to the community.
My Lotto Coin is the world’s first fully and truly decentralized and transparent cryptocurrency lottery operated by an Ethereum smart contract making it the most trusted and secured lottery in the world.
A lottery game that is conventionally ruled, anonymously played, and autonomously operated
What is the problem?
Traditional lottery has many problems. Just to name a few:
What is the opportunity?
The lotto market has witnessed a significant growth over the past years and inclining at a 10% rate. A big portion of this market (about 50%) is consumed as house edge, whereas it can be given back to the community and players.
In reality, this house edge portion, is taken out of players pocket, which means players pay for something that they will never get back, even if they win the jackpot. In My Lotto Coin, house edge is only 5% of jackpot which is compensated for operating expenses.
Solution: My Lotto Coin
Uniqueness of My Lotto Coin
My Lotto Coin is a permissionless, DeFi-powered lottery, bringing the most wished decentralized features into play.
Tokenized Reward Program
For 10 lottery tickets in a single purchase, 10 MYL tokens will be automatically airdropped into the player’s wallet; the same ETH wallet address the payment is made to purchase the tickets.
The total supply of Ethereum-based ERC-20 MYL tokens is limited to 100 million, thus its value will grow over time as demand increases. Each lottery game has a pool of 10 million MYL tokens, which is allocated to players upon purchase of 10 tickets from the respective lottery game.
Refer to project roadmap for more details of all lottery games.
MYL token holders (MYL100 and above) receive 10% of ticket sales in ETH in proportion to circulated tokens, autonomously every 3 months and irrespective of playing games.