FIRELOTTO LOTTERY

What's FIRELOTTO?

INTRODUCTION

A raffle game built on the Ethereal blockade will be a major innovation in the global lottery industry. The lottery industry has a 29% share of global gambling revenue and faces challenges due to the growth of the digital economy. The world's demand for more transparent and fairer services has evolved along with the technological advances that enabled such change.

Distributed and decentralized technology blockchain technology offers tremendous opportunities for financial technology innovation, and also, for the modernization of the gaming industry.
A game system built on the use of the Ethereal blockade will operate with a high degree of autonomy, and its data and records are stored cryptographically in a decentralized public blockchain. Available online and seamlessly, such systems can overcome some of the traditional lottery challenges.

The proposed lottery will use a random number (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.

We managed to create something unique - an absolutely transparent, completely decentralized platform for the organization and holding of the lottery, using ECH technology for blocking and smart contracting for collecting, distributing funds and randomly identifying winning numbers, as well as charging commissions to the holders of the tokens.

The prize fund of the lottery is generated by the deduction of 70% of the funds raised from the sale of tickets. The minimum size of the guaranteed jackpot is fixed, for lottery 6 of 45 it is 1000 ETH (about 1 million US dollars). If during the run, none of the players have won the main prize, then its amount increases and is transferred to the next lottery. The jackpot will grow until it finds its winner.

It is a blend of traditional luck wheels and slot machines. In this game, players can place bets ranging from 0.003 ETH (~ USD 2.00) to 1 ETH (~ USD 1,000.00) [*] and select a payment rate of 2 to 20, which will be used to double your winnings. Then players spin the wheel divided into 21 sectors with different payment rates. If the wheel is stopped at a speed chosen by the player, he will instantly gain victory (bet multiplied by the payment rate) transferred to your crypto-currency purse. Players can play unlimited number of wheels in the game, which reduces waiting times and increases the number of tickets purchased by players. The wheels rotate for 20-30 seconds. Game randomness is guaranteed by RNG based on the ETH block chain. Your description will be given later in the text. On average, 5-6% of the bet value placed is maintained by the system.

Why will they play it?

• The initial guaranteed prize pool is more than 1.1 million US dollars.
• Accumulation of the prize pool can reach multi-million dollar values.
• Deductions to the prize fund a record 70% of all collected funds from ticket sales.
• Winning numbers, like the lottery tickets themselves, can not be faked.
• The distribution of the collected funds and their payment are fully transparent and guaranteed by a smart contract.
• The lottery is completely built on the basis of the ETH blockade. All the claimed lottery work parameters laid down in the program code are open and will be available for inspection.
• This lottery can not be forbidden. To play it you only need a crypto and Internet.
• Intuitive and easy to use interface. A one-touch game. Mobile version.
• The cost of one lottery ticket at the start of the platform's launch has remained unchanged and habitual for millions of players around the world - $ 2. Page 10 10
• The lottery Fire Lotto excluded the possibility of fraud.
• The Fire Lotto lottery is absolutely anonymous.
• Winning of any size is charged almost instantly.
• The prize is not taxed.
• The decentralized lottery platform provides its autonomous and independent existence as long as there is excitement, the Internet and crypto currency.
• Payment of commissions is guaranteed by a smart contract and is practically an eternal source of income for Fire Lotto token holders.
• The cost of tokens will constantly grow.

Pre-ICO: 15.01.18-15.02.18

ICO: 15.03.18-15.04.18

Price of the token on the ICO: 1 token = 0.5 $

COST AND PAYMENT OF THE COMMISSION

From each Fire Ticket token sales holder is guaranteed to get 10% of that amount. The distribution of commissions accrued within the framework of the intelligent contract after the circulation and is not dependent on the results of the circulation. The token holder will receive a commission of 1.6 US cents from each circulation sold 16 million tickets, which is more than 20% per annum of the funds invested in the Fire Lotto token. Taking into account that over 150 billion lottery tickets worth 2 US dollars are sold annually in the world, the profitability of the Fire Lotto token can exceed 50% per annum in the first year of the lottery.

Results in USD on commission (10%)

32.000.000 - Revenue from 16 million tickets sold per year

3,200,000 - 10% - the number of commissions held

0.032 - Revenue per cent by one security key

ICO DETAILS

As many as 100 million tokens (77% for investors, 20% for team, 3% reward)

Pre-ICO from 15 January to 15 February, the cost for pre-ICO is 0.35 USD (with this fund prize fund and advertising company formed)

ICO from 15 March to 15 April, costing 0.5 USD (with a bonus of 0.4)

Unlike most projects, ICO passed after the launch of the project, and is now working.

Unsold portions of tokens will be frozen for a year and then sold to investors.

For more Informations :

WEBSITE WHITEPAPER FACEBOOK TWITTER TELEGRAM

Author: bakso.super

Profil link : https://bitcointalk.org/index.php?action=profile;u=1785483

ETH: 0x0A39Baaa338F9F1f5f5b4e52f82095d0dD7c94D8