Lottery is a type of bet that combines the drawing of numbers randomly to get a prize.
Since the advent of decentralized finance (Defi), a number of peer-to-peer financial products have been built, allowing users to lend cryptocurrencies to other users and stake funds in liquidity pools to enable trading. But here’s one that may not make sense on the surface.
Yarloo is a global lottery ecosystem built on transparent and decentralized blockchain technology, in which the system will be distributed on a public network, making global lottery operations more efficient and transparent. By leveraging the Blockchain technology platform as well as the Binance Smart Chain Blockchain technology features, smart contracts enable various processes, such as collecting or distributing each lottery process, to be more efficient than the traditional centralized systems currently in use. Since a platform that ensures the safety of international lotteries is their top priority, their blockchain based lottery platform also offers daily lottery draws. which covers a wide geographical area and can be followed by anyone, wherever they are. The use of smart contracts, of course,
Crypto Lottery, whether it be UK National Lottery or US Big Millions – lottery games give you the chance to win big while keeping bet sizes to a minimum. With that said, it is only a matter of time before lottery games reach the crypto and blockchain technology arena.
INTRODUCTION
Yarloo is a new take on the lottery gambling system that is known to everyone around the world. We feel that the current state of the lottery is quite… lacking, to say the least. It’s not fun, the risks are too high and your chances are dim. Very. Here’s an excerpt from K5: “According to the USA Lottery, the odds of winning the Mega Millions jackpot are 1 in 302.6 million and the odds of winning the Powerball jackpot are 1 in 292.2 million. Combine the two and the odds of winning both jackpots for over a billion dollars go to 1 in 88 quadrillion. That’s 88 followed by 15 zeros.
But with the current advancement of the crypto space, we at Yarloo feel that something can be done to revolutionize lottery systems around the world, and to make it much more fun, give people a much higher chance of winning, create a much more flexible jackpot pool, and introduced the NFT card set as the core function behind the ticket. Also the fun aspect of making the whole project theme revolve around pirates!
Through this methodology, we believe that, while lotteries give people a very small chance of winning, encrypting the system, wrapping it with fun games and money-making features for those who don’t want to risk too much will potentially change the whole shape. the lottery industry, and that’s the clear end game for us at Yarloo.
HOW DOES IT WORK?
At Yarloo, you will be able to participate in a number of financially rewarding activities, including, but not limited to:
- Solo Lottery Jackpot
- Team Lottery Jackpot
- Fortune Spinner
- NFT Trade Center
- Yarloo Wallet (to snoop and exchange our tokens)
- Game Arcade
- DeFi Loan & Lending System
As you can see, Yarloo offers different ways to participate in our unique lottery system, and profit through different styles and approaches. Are you a risk taker? The solo lottery is most likely for you. Want to feel the security of a higher opportunity thanks to others supporting you as a team? The team lottery is definitely the way to go. Feeling lucky today? Use our lucky spinner to see if you can collect new special cards that increase your odds. Are you a collector who has collected a large number of valuable cards over time? The trading center is yours for the taking, and there is literally no risk as you only sell your cards. If you’re not as lucky as the cards and don’t want to take high risks, then of course, staking is your way.
Love to gamify your gambling experience? Our pirate themed arcade will meet your needs, and if you feel you are short on cash or want to use our DeFi system, please borrow our tokens with added collateral. With each different method, you gain the ability to experience what it feels like to be lucky, without feeling that there is too much risk. The different Yarloo jackpot pools vary significantly, with limited and unlimited pools available to allow users the ability to participate in all types of jackpots, no matter how big or small the main prize is.
What makes Yarloo unique, however, is how it uses the NFT system, making it the main engine behind entry tickets. If you wish to participate, you must enter by planning a particular set of cards that you have. Combining cards can usually give you special attributes, depending on the rarity and type of the card, and its compatibility features with other cards you may have. The card is your go-to ticket, and it’s the only way you can try your hand at winning the jackpot. To enter using cards, there is an entry fee that needs to be deposited into the pool to add to the grand prize, but then you will be free to allocate 5 cards only from your set, combining them for the best possible outcome which will increase your odds. If your strategy works well, then you may have hit the jackpot,
The idea remains the same for team jackpots, except it requires more thought before entering, as the right plan and combination of cards can skyrocket a team’s chances of winning the jackpot they are into. For example, as we said earlier, you are limited to 5 cards per pool, meaning you only have 5 cards to use for lottery, solo, or team-based jackpots. But if you are part of a team, consisting of 4 participants including yourself, that means you will each use 5 cards from their collection, up to 20 cards. The idea for team participation is because several individuals will have different unique cards in their collection, and not everyone is lucky enough to get all the card combinations that match unless they spend a lot of money collecting everything there is to get. This means having a team is the best strategy if you want to increase your odds, as you can pair your cards together for maximum effect. If you have a rare special card that is compatible with other cards from a team member’s collection, then you will have special effects that generate more tickets, increasing your chances of winning by miles.
But remember: you are not the only team that participates in this lottery, and you must consider your partner properly and efficiently, taking into account the fact that there are other teams that plan their odds and prepare their cards. This way, the lottery will not really be based on pure luck. There’s thinking to be done, and strategizing, and you’ll have many different options available to you, allowing you to navigate through dozens of potential ways to profit through Yarloo.
FEATURE
Yarloo will be full of cool features that will be very useful for everyone, and as we progress in the future, we will start to include more features, and discuss them with our community so we can see what else can be done in the future. . Yarloo.
- RST: Yarloo is the first project in the world to implement a technology known as “Revenue Sharing Token”, which allows the community to receive 30% of Yarloo’s profits to serve the ecosystem in which it is built.
- NFT : We are also the first lottery project in crypto history to use NFT cards as your main entry ticket system in any pool! This means instead of buying a ticket, your ticket is represented by the card you used in your lottery pool.
- DeFi : You will benefit financially from Yarloo thanks to its hybrid DeFi system, especially by allowing you to earn 2% of pool profits if you are the creator, and by leveraging our RST ecosystem if you have enough $YARL!
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