YOLotto (YOL)

YOLotto is a fully decentralized Ethereum-based lottery. YOLotto runs globally on Ethereum “smart contract” which have been optimized with fair and transparent as the basic principles.

Whitepaper

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What is YOLotto

YOLotto is a fully-decentralized blockchain lottery project which aims to provide a real fair and worldwide lottery game platform. YOLotto runs globally on Ethereum “smart contract” which we have optimized with fair and transparent as the basic principles. The whole process our lottery game including the random number generating process and the payout process is transparent, enabling public supervisions.

Our Characteristics

Fully-automatic

YOLotto runs automatically on our customized Ethereum smart contract. Unlike most of the existing blockchain lotteries who perform only part of the lottery on smart contracts, we insist not getting any involvement in the lottery process, from fund distribution, random lottery numbers drawing to the payout process are on the smart contract in order to achieve a fully-automatic lottery system.

Fair

Fairness is the core value in lottery which we concern the most. The nature of blockchain and the fully-automatic system of YOLotto brings no space for cheats or frauds. Everything runs according to the smart contract in YOLotto that is opened for public reference, creating an absolute fair game environment.

Worldwide

Lottery is not local or country limited nowadays. YOLotto brings the fun of lottery game around the world through the internet. The wide accessibility brings along with the promising jackpot prize pool of YOLotto.

How does YOLotto work?

The YOLotto draw holds every other day. Ticket sale begins at 12am on the drawing day according to the Greenwich Mean Time (GMT) and ends at 11:59 on the same day. The numbers will be drawn at 12am the next day by the Random Number Generator (WolframAlpha) according to the smart contract. Since YOLotto runs 100% according to the Ethereum smart contract without manpower involved in the process, the next day after every draw is set to be the “Review Time”. “Review Time” is the 24- hour period right after the draw. During the 24-hours period, players would have to click on the “Check my result” button on “Play Now”/ “Draw Schedule” page in order to communicate with the Ethereum Network to confirm their result. Winnings can be collected after the 24-hours review time.