The modern gambling industry provides players with an unprecedented amount of entertainment options. The online casino space has hundreds of unique game types, all with unique rules, features, and mechanics. Among all the options available, lotteries have had a relatively sizeable fanbase, but they were never the top contenders on the market. In this article, we are taking a look at the revolutionary ether.LOTTO lottery system by Slotland Entertainment and why you should consider participating in this innovative event that’s been making waves across the community.
Slotland Entertainment – Over 2 Decades of Experience
To be fair, discussing this new crypto concept requires examining the team behind it. Slotland Entertainment is a household name in the gambling industry. It is known for being one of the pioneers of the online era and has over 25 years of experience in the business.
The team started as a Slotland casino brand in 1998, and since then, they have expanded with several other platforms, such as Win a Day, CryptoSlots, and CryptoWins (read more here) The company is also known for its software-developing team dedicated to producing original games that can only be played exclusively on its platforms.
Across the entire catalog, it’s safe to say that the studio is most known for offering online slots, as you would expect, given its name. Over the years, they have developed some exciting titles with various themes and mechanics. Games like Blazing Wilds, Alice in Wonderland, and Phantom of the Opera are fantastic games every slot fan should consider playing.
Although one-armed bandits are certainly their most notable line of products, Slotland Entertainment also dedicated considerable resources to developing numerous video poker titles and tabletop games, allowing players to spice things up occasionally on their platforms.
The brand is also known for its openness to new trends and technologies, making it one of the earlier names on the crypto gambling scene. This will to innovate and revolutionize also brought us to their latest project, the ether.LOTTO, which we will closely examine.
What is ether.LOTTO?
Even though lotteries weren’t always the most popular form of gambling entertainment in online casinos, Slotland Entertainment decided to develop their own platform called ether.LOTTO, to introduce an entirely new concept that will undoubtedly attract a new fanbase.
The ether.LOTTO system functions on the Ethereum blockchain, allowing users to gather tickets and participate in the lottery that offers several ETH rewards. The tickets come in NFT crystals with different shapes and colors, and players can collect more of them to increase their chances of winning. A ticket can be purchased with 0.025 ETH, and there is no limit to the number you can buy.
Considering the blockchain technology on which this lottery system operates, all transactions are anonymous and secure. We’ve rarely seen this with similar events, which is why it has garnered massive attention from the players.
Winners are drawn for every 100 tickets sold on the platform, and the top three rewards are 0.3 ETH, 0.5 ETH, and 1.0ETH. If all the 3 top tickets belong to one player, he is awarded the jackpot of 2.4ETH. For each draw with no jackpot winner, the prize pool increases by 0.6 ETH.
The progressive jackpot elevates the excitement and thrill of each draw, allowing the luckiest participants to win massive payouts. This lottery also has many additional features to look out for, which you should know about before trying.
How Does it Function, and How Do You Participate?
Starting with ether.LOTTO is a straightforward process that only takes a couple of minutes. To participate, you must purchase at least one ticket for the abovementioned price of 0.025 ETH, and you’ll be in the race. A point worth mentioning is that every ticket you purchase will be eligible for each draw.
This means you can participate in every lottery with only a single ticket, but it limits you to one potential prize. The lottery also implements an exciting mechanic called merging. Merging allows players to combine their NFT tickets and multiply their chances of winning. This can raise the ticket level to 8 and 20x the initial winning odd.
As the tickets come in different colors and shapes, players can’t combine two crystals of the same color. This makes getting to higher levels more challenging but also more rewarding. Those who pour in a lot of time and patience will significantly raise their chances over time as their collection of tickets starts growing.
Another option that is offered to the players is the burn ticket mechanic. Everyone can choose to burn their tickets in exchange for Jackpot Tokens. The number of tokens you receive depends on the ticket level, with each level rewarding a corresponding number of tokens.
These tokens can be used exclusively in Slotland Entertainment’s Jackpot Trigger slot game at CryptoSlots, allowing players to participate in an astonishing jackpot pool with a $1,000,000 prize. We appreciate that punters can effectively back out of the lottery with significant benefits if they do not like the ether.LOTTO system.
Jackpot Trigger is a very unique online slot that doesn’t function in the same way as many other titles do. Spinning the reels will require you to spend tokens, each providing one bet per pay line. Wins are attained by matching colors and numbers, with the hold feature allowing you to increase your chances of winning anywhere between $1 and $1,000,000.
Ensuring Fairness With the Provably Fair System
For any type of lottery to be credible, players expect the system to be based on true randomness, where no one can predict the outcome or interfere with the draws. To achieve this, ether.LOTTO has implemented a provably fair system, a unanimously accepted method of maintaining fairness in various casino games.
If you’re unfamiliar with the concept, the provably fair system allows you to manually verify the integrity and randomness of any draw by utilizing public key cryptography. This straightforward process doesn’t take more than a few minutes to complete, and we highly encourage you to use it. Simply cross-reference the provided 4096-bit public key with the original seed data hash.
Besides confirming the randomness of the draws, Slotland Entertainment also uses the system to generate tickets. As players can’t merge crystals with those of the same colors, every ticket purchase must provide a randomly selected color, so there can’t be any tampering from external sources.
This allows the users to trust the brand, as transparency has always been a significant part of gambling. Without the ability to check for ourselves, we can never 100% rely on the fairness of any game or event, which is why more and more brands are implementing a provably fair system.
Lotteries Are a Perfect Choice for Passive Gambling
Lotteries aren’t considered to be a standard type of gambling activity, considering what they offer. Still, they allow a specific demographic of players to enjoy the hobby more casually. Games like blackjack, slots, and baccarat all require you to actively participate in them to achieve any kind of result, while lotteries can be enjoyed with a much more passive approach.
As we mentioned earlier, ether.LOTTO allows players to participate in every future draw if they possess at least one ticket in the collection, meaning they can gamble indefinitely with a single investment. Of course, expanding the collection and raising the levels of the cards will significantly increase the win probability, but it’s never a necessity.
Because of this, we believe that players who don’t have much time to invest in gambling will undoubtedly find the appeal here. Unfortunately, busy work schedules and general obligations are common reasons why many can’t spend a lot of time in online casinos playing their favorite titles or perfecting poker skills, which is why a good chunk of the community still appreciates lotteries.
A Bright Future for Crypto Casino Games
Even though the online gambling industry has been on a constant upward trajectory since its inception, introducing crypto platforms and games to the player base was arguably the most significant expansion for the market in recent years. Cryptocurrencies have brought numerous changes to the community, benefiting punters and casino brands in multiple ways.
They objectively provide us with the best payment method, considering that crypto deposits and withdrawals typically don’t subject the users to fees while offering the fastest transaction times. Additionally, the nature of this banking option results in more anonymous payments, raising security and ensuring less risk of mishaps.
Besides all the practical benefits of crypto gambling, it also allows brands and software developers to expand their offerings and deliver to players new features, quality-of-life changes, and game products, such as ether.LOTTO. Since crypto is becoming more popular and accessible each day, we might see it completely taking over traditional platforms in the future.
Conclusion
In summary, ether.LOTTO by Slotland Entertainment is a modern take on the classic lottery system with engaging mechanics and rewarding features that will undoubtedly appeal to its target audience. We also think this can be a perfect entry point for those who’ve never participated in lotteries, as the brand managed to produce something innovative and engaging with an incredibly accessible nature, all while offering lucrative rewards. Definitely consider checking it out if you like unique crypto-gambling concepts with original ideas.
