Traditional Lottery Issues

Small jackpots due to excessive operating costs Centralized lotteries have excessive administrative and operating expenses whereas it can be pooled back to the community and players. In LotteryX, a near-zero administrative and operating cost allows allocating the largest percentage to the prize pool than ever.

Physical Ticket Dependency In traditional lotteries players need to hold on to physical tickets, manually check for winning numbers, visit head office for large pay-outs that has limited claim period. In LotteryX all these pain points have been addressed with state-of the-art technology making the whole process seamless and secure.

Slow and Labor-Intensive Traditional lotteries are very slow and labor-intensive. It usually takes several days, if not months, for traditional lottery organizers to process prize pay-outs.. In LotteryX, pay-outs are effortless, claimless, instant and automatic, thanks to the autonomous process that is executed by smart contracts.

Claiming is a challenge Traditional lotteries run based on the purchased tickets which is a physical medium to participate in the game. Since the ticket can be easily lost or stolen, keeping it safe is a challenge for most people. It becomes curtailed when claiming the prize depends on the ticket, and it must be presented in person to the lottery organizer or authorities to claim the won prize. Thanks to a fully autonomous and permissionless smart contract, claimless pay-outs have been made possible in LotteryX.

Limited Security and Privacy are one of the concerns that players always have when it comes to online gaming. LotteryX, unlike other online lottery platforms, does not have any sign-up or registration process and players use their own wallet without any prior deposit to play. LotteryX stores no user information and that increases both security and privacy, since in the former, chances of being a victim of malicious activities from adversaries are close to zero, and in the latter, there is no registration process to collect personal information. All that is known is the wallet address, which is public information available on blockchain.

Region-based games and most of the conventional lotteries are operated in a specific region limiting access to other players from other parts of the world. LotteryX changes this with its 24/7 secure and enjoyable online platform which makes the lottery accessible to everyone.