What Is DONOCLE?

Donocle stands for donation and circle. The platform creates a global lottery by utilizing the blockchain technology, without being limited to individual country. It has more than fifty types of coins and tokens. These are utilized on lottery draw method and prizes. Besides, Donocle is impartial and transparent to maximize on the fairness.

Donocle has adopted an open data flow (ODF) system, which allows users to monitor the flow of coins and tokens on the platform as used as goods. Lotteries are a form of investment in which people invest small amounts of money for bigger sums of returns.

It offers businesses that conduct lotteries locally within a country or institution an opening to the world, a global lottery ticket. Secondly, it embraces trust and transparency through a decentralized management system of blockchain technology. This blockchain technology operates on a platform called Donation Global Blockchain Lottery System (DGBLS).

Users can purchase the lottery tickets using the types of coins and tokens available in the market. Usually they use six digits from Bitcoin nonce value as the raffle numbers. The total amount of coins paid for the tickets are then handed out on the winning ratio.

It is as simple as sending coins compatible with Donocle and marking the numbers when the coins appear on the dashboard. The price of the tickets is determined through the same procedure used to determine Bitcoin market price on a cryptocurrency exchange.

Donocle offers two types of games: 496-game and the Mini lotto. The 496-game matches six numbers from one to forty-nine, plus a bonus number. The first two digits are excluded, the third and fourth numbers are used. If the numbers overlap, the block is considered invalid. The block nonce value of the Bitcoin is then used as the raffle number.

The Mini Lotto determines a winner using the nonce value of a single block. Overlapping numbers are allowed and one only needs to match five numbers. In case there is no winner, the prize is deferred to the next raffle session. Seventy percent of the collection is handed out to winners based on the proportion of the composition shares. Winners may keep their shares of the cryptocurrency received as prize money or convert it into cash. Seventeen percent of the collection is used for the operation of the company.

The core of Donocle services is its unique profit allocation system. The services contribute to the double function of the coins, which is to distribute and use. The POS system is convenient and offers an opportunity to create profit.

Donocle lists the winning number once it confirms according to the raffle method. If there is a need for bulk purchase of lottery numbers, random markings are done. Thus, several thousand or hundreds of tickets are eligible for purchase by selecting automatic marking. There is an option for manual marking. The buyer marks the numbers of their choice. Coins and tokens purchased should be transferred to the Donocle wallet in advance to receive a complete confirmation from their network. The company can request Know Your Customer (KYC) to legally guarantee the prize money and prevent fraud.

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