LottoCoin – What Exactly Is This Phenomena? Is It Still Alive? Here’s What You Need to Know!
Okay, it is very much still alive! According to their website, LottoCoin (a Litecoin descendant) – the winner’s choice is a p2p crypto coin based on scrypt PoW and uses random block features. At first it creates random coins between 256 and 65,536 per block and also generates random superblocks giving miners a chance to win a fortune! The winning block for the Daily Super Lotto is 1,048,576 coins, whereas Semi Daily Lotto is at 262,144 coins and Hourly Lotto is for 131,072 coins. According to the site, “even at higher difficulties, there’s always a chance to hit the jackpot!” So if you’re looking for a great online play, LottoCoin is something you might want to consider… or is it? According to another site, LottoCoin collected 1.96 average rating based on 31 votes (1 star being precise!).
Is LottoCoin Worth It?
Of course, many people would have tried to use this system, especially since it promises newfound richness, but hardly anyone comes out with a review. Upon hours of digging, I found something that caught my attention. The anonymous user stated that despite being with LottoCoin from the start, the developers are working together with other casino makers, just to rip people off. According to the user, the “Lotwincasino”, which is advertised on the first page of LottoCoin, is a scam because it gives you 15 blacks in a row when you place a red so that they can invest as many LottoCoins as possible. Here’s what the user had to say,
“…The developer ‘MrLotto’ is saying that we only say this because we are upset that we ‘lost money’ in that casino (clearly supporting the casino) but in fact, out of the total of 14 million LottoCoins I was playing maybe 100K but in many hundreds of games to figure out if it is really a scam or not. Thus, I consider 100K LottoCoin a very small amount and I do not regret losing it as I found out the truth about that casino, MrLotto and all this coin. I wish them luck, but people holding LottoCoins should know exactly what this coin is about and research more to see that the developers and the online casino owners are somehow related.
They even bribed one guy to forge the poll results where LottoCoin would be added in some important network payment. That guy was having multiple accounts at bitcointalk.org and clicking thru proxies the LottoCoin radio button. This is their way of ‘raising’ the coin which you can’t see in many other coins. I think it is the most rigged coin of all and I advise everyone to get rid of it as it has probably no chance of survival in the future. If you are choosing to hold this, you are choosing to support this network of people that look only into their profit and you will probably not be able to profit. This coin is dubious and I would not trust it for the future. I would rather keep my money into BTC than buying LottoCoin. LottoCoin is pre-mined crap with no open book for pre-mined!!!…”
The LottoCoin Goal
The problem with the online world is that people leave reviews, some negative and some positive, making it extremely difficult for others to come up with sensible solutions! On their website, LottoCoin have mentioned their goal, which is to become the choice for gambling! LottoCoin claims to be fast and easy to transact, therefore, wishing to climb the ladder of success faster than any other similar site to claim the reigns as the No.1 coin choice for online gambling. Well, we wish them all the best, here’s me – logging out!
