ICO watch: SmartBillions. The perfect lottery - Ethereum contracts enable trust and max payout

If you are looking to invest for both capital gains and residual income, this one might be a winner!

What is it?

It is a smart contract based lottery with a strong emphasis on decentralisation and instant, anonymous payouts. 90% of the funds raised during ICO will be allocated to lottery Jackpot pool and 80% of tokens issued are allocated direct to investors like you and I. In essence they claim to be the "World’s first multi-billion-dollar decentralized global blockchain lottery."

Downside protection

The first token sales with guaranteed downside protection for Investors and Token redemption possibility. The latter means that backers will have the unprecedented ability to redeem SMART Tokens anytime – with most of their funds returned. This feature has never been offered in by any previ- ous “ICOs” (initial coin offerings).

What's in it for you?

Monthly dividend payout directly from lottery Ticket sale revenues. Token holders will receive a dividend every 16 384 Ethereum blocks (approx. 1 month apart). A fixed 5% of all lottery income is allocated to the dividend payout. The payouts will be made directly from the smart contract balance which is inaccessible to all parties. Ticket sale revenues as well as the smart contract balance are public and cannot be affected by any third party. This makes SmartBillions different from other ICOs with Dividend payout promises where the payout value and the payout itself depends on the third- party actions and can be easily manipulated. The following calculation shows the value of the dividend for 1 SMART Token each month:

Token exchangeability

SMART Tokens will be fully exchangeable and tradable on multiple markets. The SmartBillions development team plans to list the SMART Tokens on multiple online exchange markets within 14 days from the conclusion of the initial token sales period. Link to ICO & website

Win payouts

If a particular player’s win makes up more than 50% of the Jackpot value, that player can instantly withdraw only 50% of the Jackpot. After that, the player will be able to cash out up to 50% of the Jackpot value every period (approx. 1 month) until the withdrawal of the total value of the win. This provision ensures continued high Jackpot values, driving the lottery’s appeal to the gaming clients. The walletBalanceOf Function will inform about the lottery balance for the specific address.

Conclusion

The dev team also have ambitions of opening an exchange early in 2018 which will list Smart tokens for trade. With the online gaming market's continued proliferation and integration of blockchain technology to remove the 'middle man' this project is definitely worth a look. The ICO is set to complete on the 30th October followed by the immediate launch of the platform. Because it's Ether based, you will need to set up a Metamask wallet to collect your tokens, otherwise you will need to wait until they launch on an exchange to get in on the action. The concept of a completely decentralised lottery is certainly novel and shows plenty of promise for growth and regular financial returns if it is embraced by players and investors alike.

Link to ICO & website

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