SmartBillions World's First Multi-Billion-Dollar Lottery

SmartBillions. World’s first multi-billion-dollar lottery.

SmartBillions is not a company. It's a smart contract that conducts a decentralized lottery with a theoretically unlimited Jackpot potential. We believe the quality and value of SmartBillions contract technology will validate its superiority above all existing lottery services. To verify the security of the SmartBillions contract, the SmartBillions Team will host a hackathon 7 days prior to the start of the limited crowdfunding Token (SMART) sales. The SmartBillions development team will place 1500 ETH in the contract Jackpot and offer an open invitation for anyone to try and hack the contract and withdraw the funds. The hackathon will prove the security of the contract and certify that Token holders’ investments are fully protected.

We stand against the greedy business models of ICOs with fraudulent intentions and unfair fund and token distribution schemes, which operate without genuine products behind them. We stand for fundamental blockchain values (decentralization, disintermediation, transparency, security and freedom), as well as comprehensive investor transparency.

The Token and fund distribution models offered by SmartBillions are extremely favorable for Investors. SmartBillions is the first ICO to offer downside protection for its crowdsale backers.

Blockchain is not just about people - it’s about providing people with the right technology. It's about revolutionizing historic industries which have long been based on monopolies and a lack of transparency and have worked against the benefit of the community. And just like blockchain and the idea of the smart contract, SmartBillions is not about the people behind it. It is about the people who use it and their fully transparent freedom to win.

PRODUCT INTRODUCTION

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. Payouts 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 guarantees full transparency and fairness of the lottery.

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

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.
The limited SMART Tokens sale crowdfunding goal is set for the highest initial Jackpot of all online lotteries (180,000 ETH), with an unprecedented win structure not limited to the Jackpot value.
Full transparency and security thanks to the smart contract’s elimination of any third-party involvement in the lottery process and funds management.
Lack of sign-up requirements providing full anonymity with instant Ticket purchase capabilities.
No prior deposit requirements - direct Ticket payment from players’ digital wallets.
Nearly instantaneous bet placement (under 1 minute), results (approximately 60 seconds) and win payout (instant).

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 online market was estimated at 44 billion USD. However, the online gambling category is experiencing faster growth (10%) than traditional offline gambling 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).

ONLINE AND OFFLINE GAMBLING

According to the World Lottery Association (WLA), in 2016, sales of offline draw-based lottery tickets accounted for 143.5 billion USD (approximately 30% of the global offline gambling market). On the other hand, data from H2 Gambling Capital, a betting and gaming consultancy, shows that online lottery ticket sales amounted to only 3.85 billion USD in the same period. Lotteries accounted for 9% of the online gambling market, with remainder made up of betting (49%) and online casinos (27% ).

THE SMARTBILLIONS MISSION AND VISION

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 external 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 SmartBillions will became the world’s biggest lottery.