My Lotto Coin (MYL)
A brief introduction:-
A lottery platform that is conventionally ruled anonymously played and autonomously operated, MyLottoCoin is the disruptive solution to official and online lottery problems, a truly decentralized gaming platform designed to empower players and reconstruct the lottery concept from a gambling nature to a safe bet DeFi-powered feature while maintaining the traditional elements.
MyLottoCoin has introduced a first-of-its-kind reward program (staking +) powered by the project’s native token, MYL.
MYL, an ERC-20 token, was originally created to facilitate the reward program. MYL holders receive 10% of total ticket sales in ETH in proportion to the tokens in circulation, autonomously every 3 months. From the total supply of MYL (100 million), 50% is locked in the games smart contracts for free redistribution among users.
What is the Current Status:-
The first milestone of the project was delivered in November 2020. The first game (Powerball) which follows the US Powerball lottery, is operational.
The project native token, MYL, is listed and is publicly traded on the LaToken exchange since June 2021, and more exchange listings are lined up for the coming months.
For 2021, there is a great deal of work ahead. 2 more lottery games (MegaMillion and Canada649) are planned to be released, and also going live with the MYL mobile app.