Donocle – Blockchain Technology Based Transparent Lottery Platform

by | Oct 9, 2018 | Blockchain, Cryptocurrency News, ICO

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Donocle– Make Winning your Habit

People have been taking part in lotteries for a long period of time. With growing popularity, the lottery system has witnessed significant advancements. However, challenges such as high commission charges, lack of reliability, slow processing, etc., don’t allow individuals to harness the maximum benefits out of this system.

Donocle- Making the Lottery System Credible

Donocle is a blockchain-based lottery platform that relies on fairplay, while encouraging its players to maximize their earnings. Players can use 50 different types of tokens and coins in this global lottery project that has adopted the Open Data Flow technology. In other words, Donocle lets its players track real-time transfer of goods and money.  The word, ‘Donocle’ is a combination of ‘Donate’ and ‘Circle’. Winners pay a certain percentage of their earnings to the Donocle Foundation and retain the rest.

How is Donocle Different?

Players often complain about lack of transparency in several centralized lottery platforms. Many new players do not play online lotteries because there are frequent cases of rigging. High commission charges also deter many new players from coming into the system.

However, Donocle ensures that the entire process is fair and transparent. It also charges low commission, hence winners have the opportunity to maximize their earnings. Donocle fast-tracks the payment of prize money to the winners, where they can also track its movement in real-time.

The Lottery Process

Donocle uses an easy interface and allows players from all parts of the world to participate in this online lottery. After buying tokens, each of the players is given a unique six-digit number that is generated by the BTC counter. To ensure transparency, all the players are informed of the number of coins issued, sale number, and the price of the sale. These figures are updated regularly as the sale progresses forward.

Purchasing the Lottery tickets

Users visit the Donocle platform, create a wallet, and later view their dashboard. On the dashboard, the player‘s numbers are marked. Prices of these tickets are determined the same way as the BTC market price is arrived on the cryptocurrency exchange.

Donocle Airdrop – A Way to Offer Users Guaranteed Returns

Donocle Airdrop is a feature that allows users to deposit their money on the platform and earn steady profits. Users who deposit their tokens in the Donocle POS system in order to purchase lottery tickets, can avail regular Airdrop incentives. So, when users deposit funds in the form of crypto coins/tokens, MIB coins, or Donocle tokens, the platform ends up accumulating a good number of cryptocurrencies for each session. 10% of this overall fund is rendered towards Airdrop, and users receive incentives for retaining their deposit in the system based on the POS Proportion.

Types of Games

There are two main types of games played on Donocle :-

1.      Mini Lotto- It is played at 0:00 hrs UTC every day. Users select 5 digits from the right side excluding the first two digits of the Nonce value.

2.      Superball- This game too is also played at 0:00 UTC every day. Users select any six digits from 1 to 49 as well as a bonus number.

 Details of the Coin Sale

Buyers of the coins wanting to play lottery on the Donocle platform should look out for the following details:

1.  Name of Platform- ERC-20 or MIB ERC-20

2.  Symbol- DDL

3.  Name- Donocle

A total of 600,000,000 coins will be issued which will be allocated as under:

1.  Capital Reserves- 33.33%

2.  Marketing-30%

3.  Business Development-10%

4.  Global Network Development- 10%

5.  System Development-10%

6.  Operation- 6.6%

Technology at Work

The Donocle platform uses the Donation Global Blockchain Lottery System. The DGBLS integrates blockchain with the Global Lottery System (GLOS), a system that is used by many operators in sports. The SmartX Blockchain Platform is easy to use, inexpensive, and lightweight as it uses the Blockchain Hash Algorithm. Other conventional platforms use the GPU or ASIC software that does not give the players a great experience. The Donocle B System rides the Blockchain Donation Direct Transfer System. The advantage of this technology is that it transfers funds to the beneficiaries in a safe and transparent manner.

A Decentralized Global Lottery Platform

Donocle is a unique lottery platform built within the blockchain technology that envisions to eliminate the challenges of the traditional lottery system. It connects people from across the globe on a unified platform and allows them to take part in various lottery activities to earn stable and substantial returns.

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About the Author

Raghav Sawhney

Raghav is a cryptocurrency and blockchain enthusiast. Since 2014, Raghav is into blockchain and loves to explore the new and upcoming blockchain technology products.

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