SmartBillions. World’s first multi-bil-lion-dollar lottery

SmartBillions is the first fully decentralized and transparent lot- tery managed by an Ethereum smart contract. All bets and re- sults are public and recorded on the Ethereum blockchain with- out 3rd party involvement. Only 0.25 % of the lottery funds are ac- cessible to the smart contract operations.

SmartBillions tokens crowdsale (“ICO”) goal is set at 200 000 ETH.

90% of the funds raised will be allocated to the Jackpot. The re- maining funds will be designated to marketing.

SmartBillions Token (“PLAY”) holders will receive a monthly divi- dend starting one month after the initial token offering closing date. The Estimated Annual Yield is over 30% .

Token Holders are given a revolutionary investment protection guarantee. They are allowed to redeem Tokens any time after the PLAY Tokens crowdsale closing date and reclaim most of the in-

vested funds, even in the event of currently unpredictable issues.

1. PRODUCT INTRODUCTION

A blockchain-based smart contract is a decentralized system architecture existing between a variety of permitted parties, where all intermediaries are eliminated. Banks and governments are now turning to blockchain systems as they are cheaper, faster and more secure than existing traditional system of data organization and exchange. While the blockchain mode of opera- tions is designed as an expanding order (called blocks) register, it makes

data fundamentally immune to alteration; the orders registered in blocks are distributed to make any future changes impossible.

The idea of smart contracts based on a decentralized ledger (digital contract, blockchain contracts, self-executing contracts) emerged from the work of cryptographer and legal academic Nick Szabo in the early 1990s. In essence, the idea can be summarized as a conversion of contracts to computer code, where the storing and replication takes place on the network. The process is automatically supervised by the network of computer devices participating

in the blockchain circuit. As a result, the ledger feedback loop takes place and the transfer of assets or receiving of services/products is made possible.

They become an infrastructure that allows a zero conflict and fully transpa- rent exchange of value (e.g. shares, money, property), bereft of “middleman” intermediaries. The smart contract infrastructure allows users to easily pay to the system (ledger), receive value and benefit from the security of automati- cally-enforced obligations based on rules and penalties specified in the con- tract.

Conceived and built by Vitalik Buterin, the Ethereum currency optimizes the smart contract approach by transferring currency (or assets) into the pro- gram-based platform. From that point on, “the program runs this code and at some point it automatically validates a condition and it automatically de- termines whether the asset should go to one person or back to the other person, or whether it should be immediately refunded to the person who sent it or some combination thereof,” explained Buterin at a recent DC Blockchain Summit. Meanwhile, this decentralized ledger system automati- cally stores and multiples the document — securing its immutability

The SmartBillions is an Ethereum smart contract where all operations are recorded on the blockchain and public. SmartBillions is a lottery where players chose 6 numbers between 0 and 15 and set their ticket values. Pay- outs require at least 2 correct matches. The lottery results are taken from the hash of the third subsequent Ethereum block (its last 6 digits). This guaran- tees full transparency and fairness of the lottery.

The revolutionary character of the SmartBillions Ethereum smart contract lottery comes from:

1. The lottery is operated by a fully independent smart contract serving as a self-amending regulatory guarantor. The whole process is held on Ethereum blockchain.

2. The limited PLAY Tokens sale crowdfunding goal is set for the highest ini — tial Jackpot of all online lotteries (180,000 ETH), with an unprecedented win structure not limited to the Jackpot value.

3. Full transparency and security thanks to the smart contract’s elimination of any third-party involvement in the lottery process and funds manage- ment.

4. Lack of sign-up requirements providing full anonymity with instant Ticket purchase capabilities.

5. No prior deposit requirements — direct Ticket payment from players’ digital wallets.

6. Immediate, secure and anonymous payouts directly after each lottery drawing.

7. Nearly instantaneous bet placement (under 1 minute), results (approxi- mately 60 seconds) and win payout (instant).

2. LOTTERY MARKET OVERVIEW

The global offline and online gambling market categories continue to grow year to year. While the first one reached out 359,3 billion USD in 2016, the on- line market was estimated at 44 billion USD. However, the online gambling category is experiencing faster growth (10%) than traditional offline gam- bling and is expected to reach 60 billion USD annualy by 2020. The online lottery market subcategory currently accounts for approximately 4 billion USD annually and is expected to grow at a 10–12% per annum).

3. NEW LEVEL OF TRUST. THE SMART- BILLIONS MISSION AND VISION

The launch of SmartBillions marks the birth of a lottery which provides a new level of quality and trust. It is designed as a community-driven global initiative supporting Ethereum and gameplay communities. It is a part of the worldwide disruptive and democratizing blockchain movement. It is esti- mated that by 2025, as much as 70% of all possible markets in the world will rely on blockchain technology. The transparency and the trust attributed to the smart contracts operating on the blockchains, derive from the fact that all agreements are executed automatically and allow no third-party access

or administrator intervention.

Blockchain allows a fundamental global shift in decentralized re-interme- diated economy. It answers the social need for a global reinvention of lottery systems and their governance, which will lead to full transparency. The world’s lotteries must either adapt to this new paradigm or get disrupted, as full transparency is certainly the industry’s future. This shift is being dynami- cally introduced to all branches of the economy through blockchain techno- logy.

SmartBillions’ mission is to provide a new, fully transparent economy to the lottery world, bringing incontestable freedom and equal chances of winning to all players around the world.

Self-regulated smart contract solution gives SmartBillions an unprecedented chance to disrupt gaming category politics. The absence of internal and ex- ternal governance, hidden fees, unclear rules and potential of deception will become the industry standard.

SmartBillions’ vision is to become the first truly global, transparent and anonymous lottery with unlimited Jackpot potential. SmartBillions, with its internal and transparent management and no 3rd party involvement will revolutionize and create a new standard for all lotteries and will become a reference point for all future lottery projects. In short, we believe that Smart- Billions will became the world’s biggest lottery.

4. SMARTBILLIONS KEY FEATURES AND COMPETITIVE ADVANTAGES

The key features of the SmartBillions Ethereum lottery sum up to both its uniqueness and fully transparent character. The most important defining features are:

A1. TRANSPARENCY OF LOTTERY DRAWS

SmartBillions is a decentralized and self-managing smart contract lottery.

Contract balance and all transactions are public and transparent. Funds are under smart contract administration and fund distribution rules are un- changeable.

All lottery transactions are held on the Ethereum blockchain, all bets, results and payouts are public, independent from any third-party involvement and cannot be manipulated or influenced. The fund management scheme is presented below.

B. HIGHLY ATTRACTIVE EXPECTED WINS

SmartBillions payouts are instant, direct, secure and anonymous. They are many times higher than the ones offered by any previous lottery, as well as those offered by all current offline and online competitors. The odds and ex- pected wins are presented in the table below:

SmartBillions lottery win odds and multiplier structure:

C. INVIOLABLE ANONYMITY

The systemic anonymity provided by SmartBillions protects the players and secures their interests. All potentially threatening and risk-generating factors have been eliminated from the lottery operating processes. Participating in and placing bets on the SmartBillions lottery does not require prior registra- tion or deposits. The only thing the players need is a secure Ethereum wallet or Metamask wallet installed. Bet placing and lottery win payout processes do not produce any emails or confirmations and don’t require any personal information to be provided.

D. CONVENIENT FLEXIBILITY AND USER-FRIENDLY UX

Lottery participation by Ticket purchase is available to everyone.

To place a bet, a player may use the interface together with a Matamask wal- let (a simple and user-friendly solution) or place a bet directly from their Ethereum wallet.

visit the official page http://smartbillions.com

By: https://bitcointalk.org/index.php?action=profile;u=1110235