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Founded in , TrueFlip offers an anonymous lottery based on a decentralized platform with open-source code. It is a regulated platform under the laws of Curacao eGaming, owned and operated by Blockchain Games.
It runs a weekly lottery with tickets selling for 0. Every detail of this lottery is published on the blockchain, offering matchless transparency.
This includes the distribution framework for the prize pool. Another major highlight of the service is the fact that it offers instant payouts.
For safety purposes, the jackpot funds are kept in cold storage in an escrow account. Access to it requires multi-signature escrow by three stakeholders of the community.
Among the major highlights of this casino is its variety when it comes to gaming options. And this extends to its lottery section.
It makes use of provably fair technology to provide a truly random gaming experience. You can play here using a variety of cryptocurrencies, as well as fiat money if you so desire.
Registration takes only 15 seconds at this site, and you could be on your way to winning big in the shortest time. One of the longest standing Bitcoin lottery platforms is 1xBit , founded in It is a cryptocurrency-only site licensed under the laws of Curacao eGaming.
Among its key highlights is the fact that it has a native app for use on Android and iOS. If you love gaming on the go, it might be the platform for you.
Another reason for its popularity is the fact that it offers support for anonymous use. The site offers a daily lottery and the number of tickets available is unlimited.
If your ticket does not win in the daily draw, it is included in a weekly draw and later in the monthly draw. DuckDice was established in and holds a license from Curacao eGaming.
Though it started quite small, as a casino with a single Bitcoin Dice game, it has with time expanded its offerings. One of the additions made to its offerings in is a weekly lottery.
Participants who get 3, 4 or 5 matching numbers also get a monetary reward. If there are two winners for the jackpot, the reward is split in half.
There is no limit to the number of tickets you can buy and you can choose the numbers manually or automatically using random number generation.
Everything on the site, including the lottery, works on provably fair technology. Players get to choose from a list of 12 supported cryptocurrencies.
Founded in , 22Bet is a creation of industry professionals and is owned and operated by TonyBet OU. It holds multiple licenses from regulators in the jurisdictions where it operates, including one from the reputed UK Gambling Commission and Curacao.
Though it does not make use of provably fair technology, its systems periodically undergo audits from independent third parties. The payout process is remarkably fast too.
For anyone who loves gaming on the go, you will appreciate the fact that there are native apps for Android and iOS. The site also supports multiple languages as well as plenty of cryptocurrency and fiat payment options.
With the recent surge in popularity of Bitcoin lotteries, it comes as no surprise that brand new lotteries are appearing on a regular basis, some options are more innovative and exciting than those that came before while others are not so impressive.
This phenomenal success has also influenced the release of some new Ethereum based lotteries. Ethereum is another blockchain technology, similar to Bitcoin but with several structural differences.
This technology relies on the exchange and earning of a crypto token called Ether which can be used as a form of payment made by clients of the Ethereum platform.
KIBO is the first every Ethereum lottery and has been described as a revolutionary renovation to the game. This platform uses smart contracts to select winners and organise pay outs.
The use of smart contracts is another technological restructuring of online lotteries and is something that we might expect to see more of in the Bitcoin lottery space.
The architecture of smart contracts restricts the number of functions that a lottery game needs and eliminates the human factor by using code to control transactions.
Bitcoin lottery is a broad term and like a traditional lottery, it covers multiple variations. Essentially, these games operate on the same basic concept, with participants buying tickets in hopes that they will win a jackpot.
Another common feature that characterizes these games is that players buy tickets and win prizes in Bitcoin. However, there are some differences in terms of odds and the types of games available.
There are differences in the odds offered by different games and different providers under this category. To give you an idea of your chances of winning, consider the industry average in a 49 ball game where 6 numbers are drawn:.
Though the end game is the same, there are some variations in the execution part of it as we will see in greater detail below.
Let us take a close look at the main types of a Bitcoin lottery:. In its early days, the Bitcoin lottery space featured games drawn from the traditional lottery space.
For instance, one of the earliest arrivers on the scene, Lottoland, was known to get its numbers from traditional lottery games.
It did not draw its own winners, but rather, used numbers from providers such as Bonilotto Spain. The idea behind this was to foster trust as this would eliminate impropriety from the selection process.
A major highlight of this model is that traditional lottery operators offer services under stringent regulations. A space that is highly regulated means better security for players.
Another advantage is the opportunity for regular play, as these services often offer daily draws. The potential for winning is also huge and such games are associated with massive prize pools due to their popularity.
However, the main downside is that it is difficult to verify results. These make use of provably fair technology, allowing players to verify the randomness of results.
If you don't want to do that or if you are not confident that the Bitcoin value will rise after you win, you can also choose to receive the prize at the current cash value at the time you win.
If you don't want to go through Lottoland, or you don't live in a country that is eligible to play, Grizzle lists five other reliable Bitcoin lotteries.
These payouts are usually funded by advertising, or work as advertising for a site or product. A Satoshi, named after the purported creator of Bitcoins, is worth a hundred millionth of a single Bitcoin.
Obviously, that's not much, but it costs you nothing but time. On the other hand, spending that time simply entering cash sweepstakes might be more lucrative.
The platform hosts one game of Bitcoin lottery every 24 hours UTC , which is great because it allows enough time for the prize pot to build up.
While we are on the discussion of prizes, DuckDice uses the pool system, meaning that the specific prizes are based on the number of tickets sold in that respective 24 hour period.
If two or more people win the same prize, then the pool will be distributed evenly. Most importantly, DuckDice utilizes the benefits of Provably Fair.
You also have the option of verifying this yourself by checking the lottery seed. Visit DuckDice Now. Although Crypto-Games. In fact, the platform hosts just 8 games within its gaming suite.
On top of Bitcoin lotto, this also includes blackjack, roulette, video poker, Plinko, dice, slots, and minesweeper. In terms of its Bitcoin lottery offering, the platform uses a pool system, meaning that there is virtually no limit to the amount that can be won.
Most importantly, Crypto-Games uses a random picker protocol that is backed fully by Provably Fair technology. This ensures that the outcome of the game is always true and fair, and that the winning numbers can be verified for their validity.
Visit Crypto-Games Now. Although 8bet is a relatively new entrant to the Bitcoin lottery space, its platform is well worth a look.
Other than a couple of slot games and scratch cards, the entire platform is dedicated exclusively to Bitcoin lotteries. It costs just 0. Prizes start by matching just two numbers, with the main bitcoin jackpot requiring players to match all 6 numbers.
The best thing about this particular Bitcoin lotto game is that the bitcoin jackpot rolls over until it is won. At the time of writing, this stands at 4, mBtc!
On top of its main jackpot game, 8bet also runs a free crypto lotto game. Although prizes are much smaller, matching 6 numbers will award you a prize of 1, mBTC, which is great.
In terms of the fundamentals, all Bitcoin lotto games facilitated via the 8bet platform are backed by Provably Fair.
Visit 8bet. In its most basic form, a Bitcoin lottery is not too dissimilar to a real-world lottery.
Although there is now a range of variations to the game, Bitcoin lottery games essentially require you to purchase a ticket, which then comes with a set of numbers.
Once the game starts, a certain amount of numbers will be randomly drawn. The overarching aim is to then match as many of these randomly drawn numbers against the numbers displayed on your ticket.
In doing so, you stand to win a real-world prize — all of which is paid in Bitcoin. The pool is made up by the number of tickets that were sold.
By this, we mean that there are different variations to the game. Irrespective of what version you go with, both ticket sales and prizes are usually paid in Bitcoin.
However, some platforms do allow you to collect your prize in fiat currency, if this is something that you would prefer. One of the first-ever Bitcoin lottery games to reach the market was that of Lotto Land.
In a nutshell, this particular branch of the Bitcoin lotteries space draws its numbers from real-world lottery games.
As such, there is no technology required, as the numbers you will be attempting to match are the same numbers drawn in the respective national game.
On the one hand, some players prefer this, as there is no input required from the platform in question. Players know that the offline lottery space operates in a heavily regulated environment, which in itself acts a safeguard against fraud and manipulation.
However, some players prefer to stay away from this branch of the Bitcoin lottery space, not least because they would rather opt for a ball-drawing process that allows them to verify the authenticity of the game.
At the other end of the Bitcoin lotteries spectrum, a whole new version of the game exists — Provably Fair. For those of you unaware, Provably Fair was fist created by the founder of SatoshiDice — a Bitcoin dice game created in Not only this, but it is also possible to independently verify how the Provably Fair mechanism generated its outcome — as all of the data is available in the public domain.
In the case of Bitcoin lotteries, Provably Fair is absolutely ideal. Payments are usually made instantly.
It can take several hours according to the density. Free BTC Miner full payment. You can easily contact us from the phone, address, e-mail and contact form field below.
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