FIRELOTTO
A raffle game built on the Ethereal blockade will be a major innovation in the global lottery industry. The lottery industry has 29% of global game revenue and faces challenges due to the growth of the digital economy. Global demand for more transparent and equitable services has grown as technology advances to enable change. Distributed and decentralized technology blockchain technology offers tremendous opportunities for financial technology innovation and the modernization of the gaming industry.
The game system based on the use of the Ethereal blockade will work with high-level autonomy, and its data and records will be stored cryptographically in a publicly distributed blockchain. Available online and seamlessly, such systems can solve some of the traditional lottery challenges.
The proposed lottery will use the Random Number Generation (RNG) method, which is safe and fair and prevents manipulation and fraud. This project applies a completely safe RNG method based on the current version of the Bitcoin decentralization protocol.
There are pictures every six hours in each lottery. The numbers are randomly drawn using blockchain-based RNGs (four, five or six digits are taken from the mined bitcoin unique code). After all the lottery numbers are drawn, the winnings are automatically transferred to the winning ticket owner using an algorithm built into the smart contract. Table 2 shows the distribution of cats in the raffle.
DISTRIBUTION AND PAYMENT OF SALES COMMISSIONS
Token Fire token holders are guaranteed 10% of the funds collected on ticket sales. Sales commissions are distributed after each image based on smart contracts, regardless of the ticket sales volume. The Token yield is US $ 1.60 for every 8 million tickets sold, representing over 20% per annum of the amount invested in the Fire Lotto chip. Given the fact that more than 7 billion lottery tickets priced at USD 2.00 are sold worldwide each year, the Lotto chip's profit may exceed 50% per year in the first year.
FAQ
1. How many chips will be sold and how are they distributed?
A total of 100 million Fire Lotto chips will be sold. The chip distribution is shown in the diagram below:
2. What is the cost of the chip?
During ICO, tokens will be sold for $ 0.50. For participants in the bonus program, the minimum price per chip is USD 0.40. During pre-ICO, tokens will be sold for $ 0.35.
3. How much do tokens cost during a private sales tour?
The fire lottery chip will be priced at $ 0.35 per chip. For special conditions, please contact info@firelotto.com
4. Why do you need a closed loop?
Funds accumulated in the closed run will be used to generate a minimum prize of $ 1,150,000 * and fund an advertising campaign for ICO. * Generation of prize funds:
5. How will the project be launched?
Unlike other ICOs, our ICO will follow the launch of the lottery instead of preceding it. This product will be launched on January 1, 2018. This beta version is available for testing today! The lottery will be launched with a minimum prize of USD 1 million.
On the day of the drawing, we will post the source code in Github for review. The lottery will be launched in operating mode, which means the user will enjoy all the features, games and triumphs. At the launch of the sweepstakes, the transfer will be made automatically on a smart contract with the wallet charging the sales commission collection and paying it to the token holder.
Pre-ICO will open on January 15, 2018 and will expire on February 15, 2018.
The ICO will open on March 15, 2018 and will expire on April 15, 2018.
This means that when the ICO is opened, investors will be surprised to see not only the finished product, but also the large prize pool available for winning and the commission share of sales among the token holders in real-time mode. This ICO roadmap will be implemented for the first time and will be the hallmark of this project.
6. How to get Fire Lotto chip?
Four days after the closing of ICO, the chip will be transferred to the portfolio of participating investors in all rounds. Evidence will be transferred to investor accounts in private practice and will be available after the end of OKI.
7. How will you pay sales commissions?
Since the lottery launch, 10% of the funds collected during ticket sales will be transferred to smart contracts responsible for the distribution of sales commissions. The distribution of the first sales commission among the token holders will take place on the second day after the closing of the ICO. Commission will be paid in ETH to all token holders. Then the commission will be paid after each draw.
8. When is the Loto Fire token listed on the cardiac crypto exchange?
Our chips will be registered in the month after the end of the ICO period.
9. How much money can I invest during a private tour?
Unlimited amount of money. Tokens will be priced at $ 0.35 per chip. The funds will be converted to ET by the sweepstakes at the current exchange rate between the ET and the currency used by the participants to make the payment. This means that participants will not lose more than 7% when buying cryptocurrency or monitor an ever-increasing exchange rate for Ethereal.
10. What happens if all chips are not sold?
We will freeze the unsold amount for one year. Then they will be available for investors to buy.
LEGALITY
In purposes of raising trust in our lottery, increasing a number of players and a possibility to raise fiat funds we had several successful consultations with the Isle of Man Gambling Supervision Commission. As a result, we received an affirmative statement about a possibility of getting the Online Gambling Regulation Act license for creating and holding internet gambling, including crypto lotteries with the right of acceptance of crypto funds and their free converting to traditional worlds currencies.
The fact of this license opens the following possibilities:
· Legal transparency of our business;
· Fiat funds acceptance from investors to our company account;
· Usage of the traditional payment services to sell the Fire Lotto lottery tickets (VISA, MasterCard, Qiwi, PayPal, WebMoney and etc.)
· Increasing numbers of Fire Lotto players in the world.
Period of licensing is approximately 4–6 months.
THE TEAM
If you are interest in investing with FIRE LOTTO PROJECT, please don’t fail to reach any of our channels below;
Website :. https://www.firelotto.io
Twitter : https://twitter.com/FireLottery
Bitcointalk : https://www.facebook.com/firelotto
Author :
My eth: 0xa4ee0e08D280B1b2AdFb0c942E70BFB22152446a
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