In this exclusive interview, SiGMA News sits down with LOTTEREVOLUTION to find out more about how this platform is combating gambling addiction while creating a fair and accessible gaming experience
Tell us a little bit about yourself and LOTTEREVOLUTION.
I am Mykola Maksymovych, a 41-year-old individual hailing from Kiev, Ukraine. I hold a degree from Kyiv National Linguistic University and currently reside and work in Spain. As a co-founder and the visionary behind the Lotterevolution project, I would like to shed some light on its essence.
Mykola Maksymovych, Co-Founder of Lotterevolution.
Lotterevolution represents a groundbreaking online lottery venture that stands apart from its counterparts in the industry. Our unique proposition provides players with a distinctive opportunity to engage in lottery games without succumbing to the perils of addiction or experiencing significant financial strain.
The underlying motivation for this project stems from a personal aspiration to improve one’s prospects of achieving a life-changing lottery win, thereby attaining greater financial freedom and extending support to loved ones. In many instances, individuals find themselves continuously participating in various forms of gambling, only to be confronted with disappointment as the years pass by, coupled with the realisation that substantial sums of money have been expended with seemingly insurmountable odds of winning. It is within this context that the concept for Lotterevolution took shape.
By offering an alternative approach to lottery participation, Lotterevolution not only revolutionises the traditional lottery experience but also eliminates concerns associated with addictive behaviors and excessive expenditure. This distinctive platform is set to carve its own niche in the industry, as we aim to redefine the landscape of online lotteries, providing players with a secure and rewarding avenue for continued participation.
What sets your lottery business apart from other players in the market?
Response: Our lottery business, LOTTEREVOLUTION, stands out from other players in the market due to several key differentiating factors that address prevalent issues within the industry. Through a thorough analysis of the lottery and gambling market, we have identified significant shortcomings that have persisted since the inception of lotteries. Our aim is to revolutionise this landscape by offering a unique and superior experience for our participants.
First and foremost, we tackle the issue of gambling addiction head-on. Unlike other companies that allow unlimited spending, we have implemented a stringent spending limit for each player. This means that individuals can only spend a maximum of €5 every four weeks, or €1.25 per week. By imposing this limit, we actively combat the potential dangers of addiction and promote responsible gambling practices.
Furthermore, we have reimagined the concept of winning probabilities. Traditional lottery companies often exploit the notion that greater spending equates to better chances of winning. However, at LOTTEREVOLUTION, we believe in equal opportunities for all participants. Every player contributes the same amount of money, namely €5, ensuring a level playing field. For instance, if we have 10,000 players, each paying €5, the total collection would amount to €50,000. We then divide this sum into five equal parts. One part constitutes our company’s commission, totaling €10,000 (20%), while the remaining €40,000 (80%) is allocated to four weekly draws, with €10,000 assigned to each draw. This approach means that players, for their €5 investment, receive four chances to win the weekly jackpot of €10,000. As a result, there is a guaranteed winner every week, providing an exciting and fair experience for all participants.
Lastly, transparency and trustworthiness are paramount in our approach. We have created an environment where players have complete visibility into the allocation of funds. Participants can easily track how much money is dedicated to the weekly jackpot and the earnings accrued by the company. Notably, our commitment to fairness extends to the distribution of prizes. While other companies in the sector typically allocate around 55% of the collected funds as prizes, we allocate an impressive 80%. This ensures that the majority of the funds are returned to the players as winnings, fostering a sense of trust and providing a genuinely rewarding experience. By addressing these critical aspects, we strive to redefine the lottery industry and offer a superior platform for individuals seeking a fair, responsible, and enjoyable lottery experience.
How do you ensure that players are not exceeding the 5 euro monthly limit and creating multiple accounts?
We have implemented a simple and effective solution to prevent players from exceeding the 5 euro monthly limit and creating multiple accounts. During registration, players must provide their First Name, Last Name, and personal identification number (ID, passport number), which cannot be changed later. When claiming a prize, we conduct a thorough identification process through a video call and require supporting documents. If the provided data does not match the identity documents, the prize is added to the next jackpot. These measures ensure the game’s integrity, prevent fraud, and provide a secure and fair gaming experience for all participants.
To ensure the protection of personal data and prevent fraud, we have implemented stringent measures during our website’s Beta Test phase. While the service is currently free and does not require linking bank accounts or payment cards, we prioritise the following:
– Compliance: We adhere to applicable data protection laws, such as the General Data Protection Regulation (GDPR) in the European Union, and other relevant privacy regulations in the jurisdictions we operate.
– Transparent Privacy Policy: We have developed a clear and transparent privacy policy that outlines how personal data is collected, utilised, and safeguarded.
– Robust Security Measures: Our platform incorporates robust security measures, including firewalls, data encryption, restricted access to confidential information, and regular security audits.
– Secure Payment Processing: When processing payment transactions, we employ secure payment processing methods, encrypting credit card data, and complying with Payment Card Industry Data Security Standards (PCI DSS).
– Identity Verification and Fraud Prevention: We employ stringent procedures to verify players’ identities and prevent fraud, including document identification verification, monitoring of suspicious activities, and implementing two-factor authentication.
– Staff Training: Our staff undergoes comprehensive training and awareness programs to ensure they follow best practices in data security and detect fraudulent activities.
– Periodic Risk Assessments: We conduct regular risk assessments to identify potential vulnerabilities in our systems and processes, enabling
proactive measures to mitigate risks and strengthen data security.
By implementing these measures, we demonstrate our commitment to protecting personal data and maintaining a secure environment for our users, promoting trust and confidence in our platform.
Can you explain how the personalised tickets work and how they increase players’ chances of winning?
Our personalised ticket system enhances players’ chances of winning while ensuring fairness. Upon depositing €5, players receive four tickets, each bearing a unique number, corresponding to the four weekly draws. The draws occur every Sunday at 20:00 (GMT). Notably, players need not make any guesses or predictions. As all participants contribute the same amount and possess only one ticket per draw, the probabilities become equal for everyone. This approach establishes an equitable game based purely on luck, providing each player with an equal opportunity to win.
How do you determine the winner of the weekly draw and ensure that it is fair and transparent?
LOTTEREVOLUTION has obtained a prestigious certificate affirming that its RNG software is entirely random and fully complies with all necessary requirements.
From inception, our primary objective has been to establish a fully automated system, thereby eliminating any potential influence of the human factor on the process.
To achieve this, we have meticulously developed customised software that automates all essential processes. This includes the generation of tickets featuring unique and non-repetitive numbers, as well as the selection of the weekly winning ticket. To ensure the utmost integrity, we have employed Artificial Intelligence (AI) to handle these operations.
In our unwavering commitment to transparency and reliability, we engaged the services of iTech Labs, a globally recognised company specialising in independent testing and certification. iTech Labs conducted comprehensive assessments on our Random Number Generator (RNG) software, thoroughly examining its functionality and adherence to established standards. As a result, we have obtained a prestigious certificate affirming that our RNG software is entirely random and fully complies with all necessary requirements.
This diligent approach to automation, coupled with the rigorous testing and certification processes, guarantees an impartial and trustworthy gaming experience for all our participants.
Have you received any feedback from users regarding the effectiveness of LOTTEREVOLUTION in combatting gambling addiction?
We highly value user feedback and have actively sought it throughout the development of LOTTEREVOLUTION. Traditionally, people have been unaware of viable alternatives, believing that spending more money is the only way to improve their chances of winning. However, when we introduce our concept of achieving significantly higher winning probabilities with just a €5 monthly investment, they express surprise at having spent fortunes for years without success. This realisation prompts them to inquire about signing up for our game.
Engaging with our followers on social media, we have encountered individuals who share their experiences of playing various lotteries for years, only to be disheartened by the exorbitant costs and dismal odds. They confirm that they would gladly subscribe to a system that offers controlled expenses, such as our €5 every 4 weeks model.
Are there any future plans to introduce new types of lotteries or promotions to keep the experience fresh for users?
We have initiated a groundbreaking transformation in the world of gambling, establishing a new gaming culture. Embracing change as an inevitable aspect of progress, we remain steadfast in our mission to bring economic independence and happiness to many individuals.
As pioneers in our field, we are committed to continuous advancement and expansion. Our recent Beta Test of the website, offered at no cost, allows participants to familiarise themselves with our project and concept. As a gesture of appreciation for their valuable input during testing, we currently conduct weekly draws of €50 among all participants.
To extend our global reach, we actively seek investors who share our vision and can contribute to our growth.
Looking forward, we plan to explore additional avenues, including the integration of our concept with blockchain technology. Continual evolution and the exploration of new possibilities are at the forefront of our strategy.
We express our deep gratitude to the SiGMA team for providing us with a platform to showcase our project and for their support of start-ups like ours. Your endorsement is pivotal to our development, and we eagerly anticipate future collaborations. Thank you for believing in our vision and joining us on this journey to create a future where individuals can experience the thrill of gaming while pursuing financial independence and happiness.
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