legacy-lotto-ico-review
Company: Legacy Lotto
Industry: Gambling
Website: https://www.legacylotto.io/
Whitepaper https://drive.google.com/file/d/1BmwzsunfBmQXFG9bJirGDZDM3lLwvBbL/view
Headquarters: Unknown
Token: LGY
Platform: Ethereum
ICO Timeframe: 01/22/18 – 04/20/18 (PreSale & ICO)
Token Supply: 1,000,000,000 LGY (80% Crowdsale)
 Score:  44/100

 

Legacy Lotto is a blockchain based platform built on the Ethereum network grounded on the conviction that blockchain technology will radically change the antiquated ways of holding traditional lottery games. We are proud to be the first decentralized lottery to offer ticket mining, unlimited jackpots as well as full automatization and anonymity through the use of smart contracts.   The project aims to provide active game players the best lottery experience in the market.  To do so, they have introduced a novel approach to take part in lottery draws without the need to risk fiat or cryptocurrency.  Legacy Lotto will be the first cryptocurrency that uses CPU staking to build a community-driven decentralized mining supercomputer.  Ticket mining will exploit the beneficial characteristics that cryptocurrencies offer by allowing everyone to participate in lottery draws by staking CPU power and acting as nodes in the blockchain.  A number of other cryptocurrencies will also be accepted as payment for participation in the lottery.
PROS:  Well-rounded management team with all pertinent positions filled, identified in-house blockchain programmer, novel approach to gambling where CPU power is staked rather than traditional or even crypto-currency, already in negotiations to list on exchanges shortly after ICO completion.
CONS:  Mobile App will not be developed until 2019, early in development, project not expected to launch until end of 2018, management team, very little hype or marketing presence to date, lack of information on company / project outside of website and white paper, lack of advisory board.

 

SCORE:  44/100