MemeLotto: Revolutionizing Blockchain Lottery with Transparency and Decentralization

Singapore, 23rd March 2024, ZEX PR WIRE, MemeLotto, the pinnacle of innovation in the blockchain lottery space, proudly unveils its revolutionary platform set to redefine the landscape of lottery gaming. With a commitment to transparency, decentralization, and user empowerment, MemeLotto offers a groundbreaking lottery experience like no other.

At the heart of the MemeLotto project lies its robust and user-friendly MemeLotto wallet, accessible across multiple platforms including iOS, Android, Windows, and Mac. This versatile wallet serves as the gateway to an innovative and transparent lottery experience, empowering users with a range of features:

  • Contribution to RANDAO: Participants can actively contribute to RANDAO, ensuring provably fair random number generation for every lottery draw.
  • Seamless Ticket Purchase: Acquire tickets effortlessly for upcoming draws using various payment options integrated within the wallet.
  • Affiliate Network Embrace: Share the excitement of MemeLotto and earn rewards by referring friends and expanding the community.
  • Future-Proof Transactions: Enjoy the convenience of in-wallet cryptocurrency exchange for seamless transactions.

MemeLotto sets itself apart through its utilization of the revolutionary RANDAO protocol, a Decentralized Autonomous Organization (DAO) ensuring verifiable and transparent random number generation. This commitment to decentralization and transparency is further emphasized through the core principles of community-driven participation and automated, secure processes.

The project adopts a transparent and balanced approach to revenue distribution, with ticket sales contributing to a predefined pool allocated towards the prize pool, smart contract commissions, MemeLotto token holder royalties, and operational costs. With long-term goals of allocating 85% of revenue to the prize pool and reducing operational costs to less than 10%, MemeLotto aims to maximize player rewards and ensure sustainability.

The MemeLotto ecosystem is powered by two distinct tokens:

  • MemeLotto Utility Token (MUT): Serving as the utility token, MUT fuels decentralized participation and reinforces platform security. Unlike traditional methods, MUT will not be available for direct purchase but will be distributed through initiatives such as lottery mining, token distribution events, and the MemeLotto Membership Program.
  • MemeLotto Royalty Token (MRT): Functioning as the royalty token, MRT enables token holders to share in the platform’s success through revenue sharing. MRT tokens will be offered in strategic token sales to raise funds for jurisdictional expansion and platform development.

Looking ahead, MemeLotto outlines an ambitious development plan and timeline:

  • 2023: Team formation and initial funding secured, establishment of Research & Development Center.
  • 2024: Release of comprehensive whitepaper, launch of tokens, and development of lottery variations, cross-chain integration, community governance initiatives, and strategic partnerships.

Project road map:

MUT is issued by the MemeLotto as an BEP20 Binance Smart Chain based token, and unlike many new utility tokens, will not be distributed during a token sale.

 Instead, there will be a token generation event, during which tokens will be distributed in the following manner: 

MUT

TOKEN NAME: MEMELOTTO

TOKEN SYMBOL: MUT

MAX SUPPLY: 1B

CONTRACT ADDRESS (BSC): 0x873DEb87B256134C64AF78F1c7C6Dadac4D3a715

MemeLotto invites lottery enthusiasts, blockchain enthusiasts, and investors to join its vibrant community and embark on a journey towards a new era of decentralized lotteries built on trust and innovation.

For more information about MemeLotto and its innovative lottery platform, visit https://memelotto.io/

Contact:support@memelotto.io

Website: https://memelotto.io/

Whitepaper: https://memelotto.io/white-paper

Twitter: https://twitter.com/MemeLotto_

Facebook: https://www.facebook.com/memelotto

Instagran: https://www.instagram.com/memelott_official/

Disclaimer:

Please note that MemeLotto is not responsible for any investment decisions made based on this press release. Participants are encouraged to conduct their own research and due diligence before engaging with the platform.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No STOCKS MONO journalist was involved in the writing and production of this article.

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