# What Is DELOT.IO (DELOT)?
DELOT is the decentralized lottery game for token holders. DELOT token is the utility token that is used in the Lottery game.

# Problem and Solution
In the traditional lottery, players pay for the number of tickets they want to get. E.g., Ticket price is $1, players pay $1 to get one ticket, $2 for two tickets and so on. 

DELOT has the better mechanism: players only need to deposit a little token to join the round. They can get additional tickets just by holding, the more token they hold the more ticket they get, so they are beneficial by increasing the chance to win lottery round just by holding, they do not need to deposit more (spend more tokens to get more tickets). Especially, the more ticket they have, the more chance to win the grand prize. Unlike a traditional lottery where players must continuously buy tickets for every drawing, DELOT focuses on simplicity - just acquire the token, hold it, and they will automatically be entered into the next lottery rounds thanks to the Auto Pool feature.

Players are required to hold tokens till the end of the round to get more tickets, so it will drive the demand of tokens. Not only will it increase DELOTE token price, but players will also get more chances to win the grand prize, so this is a way to double incentive for Hodlers.

DELOT has a specific Charity wallet that receives a portion of the Lottery Pool. Tokens will be converted to BNB and transferred to our charity partner – Binance Charity.

The Lottery game uses two products provided by [Chainlink]( https://coinmarketcap.com/currencies/chainlink/)
* [Chainlink VRF](https://chain.link/chainlink-vrf) is used in winner selection algorithm
* [Chainlink Keepers](https://chain.link/keepers) to make the lottery game run endlessly

# What is the DELOT Token?
DELOT is [ENMT token](https://docs.unicrypt.network/token-minter/overview-and-concept) that is fully ERC20 compliant with no fee/tax on transactions. It has no mint function, no owner and admin functions, no unsafe code, fully ERC20 compliant and fully decentralized. 
DELOT Token is audited by [SolidProof]( https://github.com/solidproof/projects/blob/main/Delot/SmartContract_Audit_Solidproof_Delot.pdf)

# Token Distribution
The total supply of DELOT is one hundred million, according to the following [token distribution]( https://docs.delot.io/tokenomics/token-distribution)
* Presale - 40%
* Liquidity - 21.2%
* Fees - 1.24%
* Team - 8%: TGE 0%, cliff for 3 months, then linear vesting for 2 years.
* Marketing - 2%: TGE 0%, cliff for 1 month, then linear vesting for 6 months.
* Airdrop - 1%: TGE 0%, cliff for 1 month, then linear vesting for 3 months.
* Reward (Staking, Farming, Lottery Pool) - 26.56%: TGE 0%, cliff for 1 month, then linear vesting for 2 years.

# Product
The Lottery Game (DApp) is now live at [https://app.delot.io](https://app.delot.io)

DELOT.IO

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