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About LOTT

LOT.TRADE (LOT) platform represents gamification and popularization of crypto trading through regular tournaments, battles and challenges with the goal of being the best trader in the world. Customize tournaments and Win Big Prize Pools. Betting for gamblers. NFTs as winners’ reward and authorization access: Professional LOT.TRADE of Cryptocurrency Traders/Gamers; Official Ranking of the World’s Best Traders/Gamers.How it works: Step 1 – free trader’s registration in the LOT.TRADE and linking to his exchange/LP/NFT platfrom trade account (a member of the LOT.TRADE doesn’t have any extra hassles, as he trades in his exchange dashboard); Step 2 – contributing a tournament fee and playing a tournament (for example, 10,000 participants of a tournament with a tournament fee of 100 BUSD form a prize pool of 1 million BUSD which a winner will get net of the LOT.TRADE's commission); Step 3 – smart-contract players ranking and prize distribution (winners of a tournament are defined by the best ratio of profit to deposit during the tournament). Decentralized and distributed LOT architecture is based on a core of two distributed registers: Blockchain #1:BSC (Binance Smart Chain) is used as an optimal one from the perspective of:· Transaction fee and technical characteristics; · Ownership register and circulation of LOTT and its derivatives; · Game NFT certificates; · Implementation of tournament smart contracts and liquidity pool; · Governance and other protocols.Blockchain #2:IPFS (Inter-Planetary File System) is a distributed file system integrated with the BSC for storing and accessing large amounts of game and graphical information also associated with the NFT.Decentralized and distributed LOT architecture provides · All time players’ assets control via BSC non-custodial wallets and tournament smart contracts; · Tournaments` smart contracts with programmed and transparent logic of games, distribution of prize pools and rating points; · Unified transparent and automated rating logic; · Decentralized mechanism of tokenization, commission distribution and LOTT liquidity supply; · DAO-mechanism for protocol management and project development.

LOT.TRADE (LOTT) is a cryptocurrency launched in 2021. LOTT has a current supply of 100.00M with 0 in circulation. The last known price of LOTT is 0.001599407657 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://lot.trade/.

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LOTT Price Statistics
LOTT’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#4356
LOTT Market Cap
Market Cap
$0
Fully Diluted Market Cap
$159,940.77
LOTT Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
LOTT Supply
Circulating Supply
0
Total Supply
100.00M
Max Supply
100.00M
Updated Sep 06, 2023 2:30 am
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LOTT
LOT.TRADE
$0.001599407657
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Analysis: If the US government puts its spending on the chain, it can save more than $10 billion in audit costs in ten years
Analysis: If the US government puts its spending on the chain, it can save more than $10 billion in audit costs in ten years
Odaily Planet Daily News The Kobeissi Letter published an article on X stating that both Musk and the CEO of Coinbase proposed putting all US spending on the chain, which means that the US $6.9 trillion in spending each year will be placed on a decentralized ledger. If deployed properly, US government spending will be safer. It explains that the ledger can be authorized to limit browsing, and fraudulent spending will be marked almost immediately. If handled correctly, it is almost impossible to be hacked. In addition, the blockchain can be publicly accessed to increase transparency. Currently, the US government's spending database is established in an "append-only" manner, which makes it almost impossible to search for specific words in the database and lacks transparency. For example, after weeks of data mining, the Department of Government Efficiency (DOGE) found the following: 62 contracts worth $182 million, all for "administrative expenses." This includes a $168,000 contract for an Anthony Fauci exhibition at the NIH Museum, and this is just the tip of the iceberg. In addition, the Pentagon was unable to account for 63% of its $3.8 trillion in assets during the audit; the Department of Defense said they had $3.8 trillion in assets and $4 trillion in liabilities, and their balance sheet was not even balanced. By using blockchain technology, payments can be easily tracked and even audits can be automated. This is why many large banks are already using blockchain. As of 2024, 56% of cross-border companies have incorporated blockchain technology into their operations. The Pentagon spent $1 billion auditing its 2018 financial situation, but failed the audit. Their goal is to pass the audit by 2028. If blockchain is used, more than $10 billion in costs can be saved. Another benefit is the elimination of "ghost beneficiaries". Blockchain can ensure that only eligible individuals can receive assistance programs, pensions, and social security, thereby reducing fraud. In 2022 alone, there were $13.6 billion in "improper" social security payments. The biggest disadvantage is that the program will encounter unprecedented legal obstacles and bureaucratic resistance, and the resistance will come from these inefficient beneficiaries. This is already starting to show up, as a federal judge has restricted Musk and DOGE’s access to the payment system. If the US government wants to eliminate deficit spending, it needs to cut spending by $5 billion a day. The US is now spending 44% of GDP per year, the same level as WWII. Most people would be surprised at how many “problems” would go away if deficit spending was eliminated.
Feb 10, 2025 4:59 pm
Saudi Arabia Unveils $14.9 Billion AI Investment Initiative
Saudi Arabia Unveils $14.9 Billion AI Investment Initiative
According to Cointelegraph, Saudi Arabia has unveiled a significant investment initiative in the artificial intelligence sector, amounting to $14.9 billion. This announcement was made during a technology conference held in Riyadh, the capital city. Saudi Minister Abdullah bin Amer Alswaha highlighted that the kingdom, in collaboration with leading global technology companies, plans to invest in AI, emerging technologies, and cloud computing. The tech partners involved in this initiative include prominent names such as Google Cloud, Lenovo, Alibaba Cloud, Qualcomm, Groq, and Salesforce. Ahmad Al-Khowaiter, Aramco's executive vice president of technology and innovation, emphasized the importance of partnerships in realizing the potential of AI. He stated that Aramco's business model relies on scale, necessitating collaborations with multiple companies to implement the required technologies. Aramco, recognized as the seventh largest company globally by market capitalization, is aligning with tech giants like Apple, Amazon, Nvidia, Microsoft, and Google to enhance its AI capabilities. In a notable partnership, Aramco has teamed up with Groq in a $1.5 billion agreement to develop AI-powered cloud computing infrastructure. This collaboration is part of a broader strategy to engage with various AI companies to bolster Saudi Arabia's position as a hub for AI innovation. Further commitments to the Middle East's AI landscape include a $2 billion investment by Saudi manufacturing giant Alat and Lenovo to establish an advanced AI and robotics-based manufacturing facility in Riyadh. Lenovo will also set up a regional headquarters in the city as part of this deal. Additionally, Google, Qualcomm, and Alibaba Cloud have announced initiatives focused on localized AI innovation. Other significant investments include commitments from Salesforce, Databricks, Tencent Cloud, and SambaNova, with investments of $500 million, $300 million, $150 million, and $140 million, respectively. These investments underscore the growing interest and potential for AI development in the region. In a separate development, stablecoin issuer Tether has partnered with a United Arab Emirates-based real estate platform, Reelly Tech, to streamline property transactions using Tether's USDT stablecoin. This partnership, announced on February 6, aims to simplify real estate dealings through blockchain technology.
Feb 10, 2025 4:53 pm

Frequently Asked Questions

  • What is the all-time high price of LOT.TRADE (LOTT)?

    The all-time high of LOTT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of LOT.TRADE (LOTT) is 0. The current price of LOTT is down 0% from its all-time high.

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  • How much LOT.TRADE (LOTT) is there in circulation?

    As of , there is currently 0 LOTT in circulation. LOTT has a maximum supply of 100.00M.

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  • What is the market cap of LOT.TRADE (LOTT)?

    The current market cap of LOTT is 0. It is calculated by multiplying the current supply of LOTT by its real-time market price of 0.001599407657.

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  • What is the all-time low price of LOT.TRADE (LOTT)?

    The all-time low of LOTT was 0 , from which the coin is now up 0%. The all-time low price of LOT.TRADE (LOTT) is 0. The current price of LOTT is up 0% from its all-time low.

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  • Is LOT.TRADE (LOTT) a good investment?

    LOT.TRADE (LOTT) has a market capitalization of $0 and is ranked #4356 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze LOT.TRADE (LOTT) price trends and patterns to find the best time to purchase LOTT.

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