The 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.
Is a platform in the sweepstakes industry game using a decentralized Blockchain technology for recording cryptographically stored data. The proposed Game Lottery uses a random number (RNG) method, which is safe and fair to prevent manipulation and fraud. This project applies a completely safe RNG method based on the current version of the Bitcoin decentralization protocol.
LOTTERY INDUSTRY DEVELOPMENT
The following is the growth data of the lottery industry globally. In 2004 the industry grew from $ 187.1 and in 2016 grew to $ 294.3. The average growth rate per year is 4.3% according to Compound Anual Growth Rate (CAGR) with major markets being Europe and North America.
DISTRIBUTION AND PAYMENT OF SALES COMMISSIONS
The token token holder is 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.
A total of 100 million Fire Lotto chips will be sold. The chip distribution is shown in the diagram below:
Fire Lotto is a completely transparent and fully decentralized platform to organize and resign using blockchain technology and smart ETH contracts to collect and distribute funds, attract random win rates, and pay commissions on lottery sales to token holders. Fire Lotto will offer two types of sweepstakes: instant sweepstakes and lucky draws.
Roger's Wheel attic lottery.
It is a blend of luck wheel and traditional 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 multiply their winnings. Next, players spin the wheel divided into 21 sectors with different payment rates on them. If the wheel stops at the level the player chooses, he will instantly gain victory (bet multiplied by the payment rate) transferred to their crypto cardboard wallet. Players can change the number of unlimited wheels in the game, which reduces waiting times and increases the number of tickets purchased by players. The wheels are rotated for 20-30 seconds. Game randomness is ensured by Blocked Blocked RNG.
Fire Lotto offers three types of lottery: 4/20, 5/36, and 6/45.
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 distribution of sales commissions 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.
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.
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.
When is the Loto Fire token listed on the kriptocurrency exchange?
Our chips will be registered in the month after the end of the ICO period.
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.
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.
For more information click the link below:
website: https://firelotto.io/
kertas putih: https://firelotto.io/whitepaper_en.pdf
Sedang: https://medium.com/@firelotto
Facebook: https://www.facebook.com/firelotto/
Youtube: https://www.youtube.com/channel/UCck2jqpe3MMNc5wRUebLL5A
Twitter: https://twitter.com/FireLottery
Author: carens
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1296141
Eth: 0x9e5C152D04eF2649de36146aFc97919be8C2E3D9
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