Latest ICO News: DreamPot ICO News

Online Lottery Based on Blockchain Technology

What is dreampot

Dream Pot is an online decentralized lottery, based on the blockchain technology. The whole process is managed by a smart contract without anyhuman factor involved.

The lottery is open and its fairness is enabled by the Ethereum network itself. Total prize pool can reach the amount of $ 1 000 000 000, which can beclaimed as the largest prize in the history of lotteries.

Lottery players using the Internet access as a link in the field of the table with the chance to win, with the drawing work as a reference, such as the use of offers the option “service”, with various tariffs on the payment system as the initial input to provide the business area and prepare Evaluate yourself with the tasks of the evaluation on the purpose of the systematic arrangement of the technical work, to provide one with the best switches to put on the table of the drawing, since it is expected that the publication with the identical numbers the profits are made to win the prize with the profit to collect the dedicated personal purse.

Dream Pot gives players of lottery games the chance to win with the higher prize than the conditions with the draw are to be released, with regular intervals of 10 minutes to 1 hour interval of the session with the entry into the table of games and with the same or to apply for similar numbers on submission as the use of returns with the management of the staffing of the Customs Staffing system as technical returns as the initial introduction upon entry, as the games with the chance of entry are expected to win The lottery player offers from the developer DREAM POT platform.

The algorithm relating to the return of seed to random numbers in drawing works like the ORACLIZE system occupancy to provide results in return, as well as in-game chance to place a new ticket in position at the time of the decision as an exchange option Service as to win Reference of offers of Dream Pot Developer.

A Billions Super Jackpots prize could be beneficial to a player in order to work cumulatively submitting a minimum amount worth more than US $ 1 billion than the total number of players’ DREAM POT platform subscriptions ,

The longer-term subscription deadlines for playing games on the DREAM POT lottery table, which could win the users’ decision to set the “pay” option, include drawing with the terms of the regular schedule to win entry to supply requests to players and with the chance to return, such as collecting prize money, which is collected at the wallet account on personal account at the service of the developer.

HOW DOES IT WORK

The lottery is a complex of several related lotteries: hourly, daily, weekly, monthly, annual and super jackpot.

It is enough for the user to buy only one ticket to participate in the draw of all the available lotteries. In each lottery, with the exception of the super jackpot, there are 10 winners, which increases the chance of a user winning every round 10 times.

To determine the winners, a random number obtained from the Oraclize system is used. This service has established itself as a reliable and certified service for generating random numbers, directly sends a large random number to the lottery bypassing our test, which eliminates the possibility of falsifying results.

TECHNOLOGY

Ethereum

DreamPot is built on Ethereum, a next-generation decentralized distributed network protocol that enables advanced smart contracts — agreements, that operate automatically, without the need of human control. Ethereum is decen-tralized and safe; it provides transparency to all operations on the platform.

Metamask

To make our platform even more secured, all processes are done with MetaMask. It is a Chrome plugin which allows you to run Ethereum DApps right in your browser, without running a full Ethereum node. MetaMask includes a secure identity vault, providing a user interface to manage and sign decentralized distributed network transactions.

Oraclize

Smart contracts live like in a walled garden,they cannot fetch external data on their own.Oraclize is here to help. We act as a data carrier,a reliable connection between Web APIs and your Dapp.There is no need to open additional trustlines asour good behaviour is enforced by cryptographic proofs.

now does dream pot lottery work

Main lottery mechanism is a decentralized platform based on blockchain technology and using smart contract for collecting and distributing funds. Winning ticket numbers are identified randomly. Correct randomization is empowered by the Oraclize technology.

Oraclize system has a random number generation for gambling architecture, which enables smart contracts to receive a random number from a trustedsource, without having to rely whatsoever on the data carrier.

Such drawing winning numbers model offers higher, mathematically binding guarantees of fairness thanks to open (and third-party auditable) authenticity proofs. The solution developed by Oraclize demonstrates that the data fetched from the original data-source is genuine and untampered. This is accomplished by accompanying the returned data together with a document called authenticity proof.

Thus, dreampot.io generation of numbers is based on a unique and autonomous formula that is proven impossible to be manipulated. Mechanisms built into smart contracts exclude the possibility of their being influenced by the lottery managers. Neither winning numbers nor lottery tickets can be faked.

user risk notification

The User understands and accepts the risks in connection with the lottery, such as:

RISK OF SOFTWARE WEAKNESSES: The User understands and accepts that the Ethereum concept, the underlying Ethereum blockchain is still in an early development stage and unproven, that is why there is no warranty that the process will be uninterrupted or error-free and why there is an inherent risk that the software could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of ETH and/or Tokens.

REGULATORY RISK: The User understands and accepts that the blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing, blockchain technology-based applications, which may be contrary to the regulation today.

RISK OF LOSS OF PRIVATE KEY: The User understands and accepts that if his password respectively got lost or stolen, the obtained cryptocurrency associated with the Userʼs account or password will be unrecoverable and may be permanently lost.

RISK OF ETHEREUM MINING ATTACKS & HACKING ATTACKS: The User understands and accepts that, as with other cryptocurrencies, the blockchain used for the Ethereum is susceptible to mining & hacking attacks.

The User also understands that Dream Pot D.P. will not provide any refund of the purchase price for ETH under any circumstance, thus, the User accepts sole and exclusive risk for the purchase of ETH through our Website.

Funds collected from ticket sales will be allocated to the prize pool as follows:

Hourly lottery – 40%

Daily lottery – 10%

Weekly lottery – 5%

Monthly lottery – 5%

Annual lottery – 5%

Super jackpot – 15%

Commission – 20%

what is the token address

Address: 0xfa45a09e17056d352BfE7f75d5D2c9dEbedDaeE5

Tokenname: DPT

Decimals: 0

Token type: ERC-20

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