With the advent of technology, almost all services are introduced in the form of mobile-friendly applications. Most of us are used to mobile apps for banking, food delivery, taxi booking, shopping, etc. Apart from the On-demand apps, some apps provide cash rewards and lotteries for the users. Generally, these apps offer cash rewards to people upon using their apps with certain twists in them.
Apps like Yotta enable users to win lotteries by earning their tickets from the app. This blog will explore the working model of Yotta, and we will also discuss how entrepreneurs can launch a similar model for their business.
Yotta savings- An app to win cash rewards:
You could have heard about savings accounts in banks, and every one of us also uses them. Yotta is a kind of savings account maintained in an app. The difference between a savings bank account and a Yotta account is that the account holders can earn interests in their savings, whereas, through the Yotta app, the users can earn tickets for the lottery. In simple words, Yotta is a Lottery app for users to make their lotteries. The Yotta can be accessed only from mobile applications and not through web browsers.
The users can download their app and link their savings bank account. Users can deposit money into their Yotta account and withdraw their money from their Yotta account into their bank account. For depositing $25 each time to the Yotta savings with a balance of $25,000, the users will earn a ticket. And upon depositing $50 at the time of opening the account, they can earn two tickets. Yotta provides tickets for each of the deposits made by the users. Users can acquire any number of tickets from the app. Every week the app will conduct a contest for the lottery.
These tickets can be used for the weekly drawings. The users should select seven numbers from 1 to 70 for each ticket. Each number will be drawn each day starting from Monday, and the final draw will be on Sunday. If the number selected by the users matches the numbers displayed in the drawings, the users will win the lottery. On reaching all the seven numbers in a lottery, the users will win $10 million. The tickets that the users earn are based on their account balance. The more balance, the more the tickets will be.
Witness huge success by kickstarting Yotta clone app development
Yotta is entirely free for the users as they need not want to pay any fee for maintaining the account. Even there is no restriction for maintaining any minimum balance. There are banks that charge money from people for not maintaining balance. But in Yotta, it is entirely free of cost
By depositing an amount of money every time into the account, the users can earn lottery tickets. This is the most exciting aspect of the app. Win or lose is secondary, but the app gives a thrilling experience along with fun.
Encourages people to save their money
Yotta savings apps enable people to earn money along with saving their money. The users can make more from their Yotta account than from a savings bank account. In a savings bank account, the interest you earn is relatively less than what you deserve from lottery tickets.
The revenue model of Yotta
Yotta is a savings app where people can deposit money and earn their tokens for the lottery. These lotteries are more fun for the users as they know they cannot win them every time. The probability of winning is relatively more minor in lotteries. Yotta is introduced for encouraging people to save their money by providing them rewards. Coming to the revenue part of Yotta, the app earns money from the balances and interests it receives from the banks when they offer prizes to the users in lottery tickets.
The Yotta app is free for ordinary people, and they earn from the banks associated with them. So, the working of Yotta is effortless in that they focus only on the banks to achieve their revenue, making it entirely accessible for the users.
How can entrepreneurs launch their Yotta clone app?
The above passage would have given some understanding about the working of the Yotta app. By acting as a savings account, Yotta earns considerably from the banks for providing rewards for the users. Generally, people show more interest in participating in cash rewards and lottery tickets. Entrepreneurs can make use of this strategy and launch an app like Yotta. When talking about developing a similar app to Yotta, the entrepreneurs can prefer the Yotta clone script. Yotta Clone script is a ready-to-launch app that can save your time and money from building an app from scratch.
Cutting-edge features of Yotta clone app
Registration page – upon downloading a Yotta clone app, the users can sign in to the account by providing their email address, phone number, and password.
Secured linking process- The users can link their bank account to the app and details like their date of birth and name in a more secure way.
Lottery draws- The app will also draw lottery tickets every day with accuracy. The users will also have access to watch the draw.
Option for deposits and withdrawals- The app enables the users to deposit money to the account from their bank account and withdraw cash from their store.
Notifications- The app will also send constant messages regarding the latest updates about the app.
Cross- platforms compatibility – The app is developed with cross-platform compatibility making it available for Android and iOS users.
Mobile apps have started to dominate the world. So, investing in developing an app will never go in vain. That, too, the current scenario is quite favorable for the entrepreneurs. Interested entrepreneurs can approach Appdupe to build their app from a young team of developers. Contact us right away and get our quote.
Pocket more revenue by creating a Yotta clone app solution
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