The lottery is one of mankind’s oldest—and most popular—games. It’s believed that the Chinese Han Dynasty held early versions to finance major government projects, including the Great Wall of China itself.
The Roman Empire held lotteries and wealthy dinner party hosts even held raffles for their guests. Since then, there has been evidence of some sort of lottery in many civilizations up through the modern day. It’s clear that there is something universally enticing about paying a small amount for the chance to win a life-changing prize. The idea of buying a ticket that gives its owner a chance to dream is an idea that appeals to our core.
That said, the lottery itself hasn’t changed much since 200 BC. If you want to play, you have to find a sales location, buy a physical ticket, then try not to lose the ticket if you win. During the pandemic, when we could all use a little chance to dream, many lottery locations were closed down. But Crypto Millions Lotto wants to change the model of the lottery in significant ways. Its founder, Sulim Malook, says that the lottery is due for an overhaul. After seeing the chaos of 2020, he might be right. Let’s take a look at what Crypto Millions Lotto offers.
The Company
The legal entity, UK-based Wilmington Holdings plc, holds a license through its Curacao-based subsidiary that allows it to hold lotteries in over 180 countries. This is a key feature, as it allows players to access a number of international lotteries around the world.
Crypto Millions Lotto states that they aim to create not just a fun experience, but a secure environment for their members. To ensure their personal data, wallets, and winnings are protected, the company implements a three-part strategy:
- The main servers are located in Switzerland and comply with the very strict standard of security required by the country. The servers are Tier 3 certified and ISO/IEC accredited. This is referred to by Crypto Millions Lotto as “security of data.”
- Customer money that is deposited is sent to cold storage and is encrypted using algorithms similar to blockchain encryption. To prevent bad actors from accessing funds via stolen user passwords, two factor authentication is required. This is called “security of funds.”
- Because it is not a lottery tied to a specific government, a key goal for Crypto Millions Lotto is to provide a sense of trust and assurance to its members. In order to participate without misgivings, the player needs to know that if they win, there is no doubt they will really get paid. To provide this assurance, the company insures all jackpots using the biggest prize indemnity insurance provider, and complies with all anti-fraud requirements included in their global eGaming license. This is their “security of winnings.”
The Games
Now that players feel secure about playing an online lottery, let’s discuss the actual offerings of Crypto Millions Lotto.
Lottery
Unlike some of its competitors, Crypto Millions Lotto does not require members to deposit a minimum amount to play. Unlike traditional lotteries, winning tickets are never lost and payouts happen within minutes.
Source: cryptomillionslotto.com
Players are able to participate in lotteries including 6aus49 (Germany), Euromillions, UK National Lottery, LottoMax (Canada), Mega Sena (Brazil), Oz Lotto (Australia), Superenalotto (Italy), and Loto 7 (Japan). Jackpots range from $10M to over $200M USD (the highest at the time of writing is $69.5M).
To encourage players to jump in, the company offers a variety of incentives including 6 free lottery plays, easy-to-see lottery costs, and lotto pools.
To get started, users sign up to create an account on the site, then deposit the amount they would like to start with. The site only uses bitcoin to allow for the borderless and fast transaction advantages offered by crypto, but it plans to allow users to get bitcoin on the site with a credit card, meaning that there is no “crypto savvy” requirement to play. The site states that their setup is very similar to a traditional casino: Players deposit money (bitcoin), which is converted to digital chips kept in the player’s account; then they can either cash out their chips at the end of the night or keep them in their account for next time. All costs are shown in Bitcoin, but have an instant conversion tool to avoid the confusion of crypto price volatility. Another way Crypto Millions Lotto makes it easy to get started is by avoiding an up-front KYC process. The process is required, but only once a player hits a jackpot or decides to make a significant withdrawal.
For players who have signed up, the site immediately encourages referrals by offering a number of incentives, including:
- 5% of lottery revenue from their referrals
- 5% of a jackpot if someone they referred wins
Slots and Scratchers
In addition to the various lotteries, players can also enjoy digital slots and instant-win scratchers styled games. The site offers dozens of each, and the games range from traditional scratcher/slot versions of poker, roulette, blackjack, and Lucky 7, but also include original games with entertaining artwork, animation, and gameplay rules.
Crypto Millions Lotto offers dozens of slots and scratcher styled games.
Source: cryptomillionslotto.com
Conclusion
Crypto Millions Lotto is changing the way the lottery is played, without changing what makes it entertaining. Its use of crypto is advantageous in a number of ways, and a side benefit is allowing non-crypto audiences to ease into DeFi with no experience required. Players have the assurance of secured data, money, and winnings, and can explore the world’s lotteries from home with Crypto Millions Lotto.