Firelotto: lottery platform using blockchain technology.
The global lottery industry has shown great growth in the last decade. With an average annual increase of 4.3 percent in business per year, its stability is almost unquestioned. In addition, globalization and economic growth in developing countries have continued its progress and moved it closer to cross-border business.
Investments are calculated when done in the right direction. If we talk about the situation now, this end of progress. But, few people know about the future that is in store for them. The discussion here is about Firelotto which aims to provide a lottery system to users. It will count as one of the biggest innovations in the lottery industry.
What is Firelotto?
Firelotto is a fully transparent and fully decentralized platform for organizing and sweeping using blockchain technology and smart ETH contracts to collect and distribute funds, pull winning numbers at random, and pay a lottery ticket sales commission to the token holder.
Game systems built on the use of the Ethereal blockade will operate with a high degree of autonomy, and their data and records are stored cryptographically in a decentralized public block. Available online and seamlessly, such systems can overcome some of the traditional lottery challenges.
How Firelotto Works
The lotto world has its own facilities, which bring transparency and a fully decentralized system. This will help in organizing and holding raffles that will explicitly use blockchain technology and smart contracts.
They will help many factors that include:
>. Collect and split funds
>. Tried your luck with a random number
>. Pay a small commission to the token holder
The prize of fire loto consists of about 70% of the funds. This directly drained from ticket sales. However, there is a jackpot as well. Minimum minimum jackpot amount is 1000 ETH. That's not all, because this number will continue to grow.
Two different types of lottery are Instant and Draw Lottery.
There are also three types of lottery lottery
>. 4/20 - The ticket price in this lottery system is 0.003 ETH (~ 2.00 USD) and the pool price, which is guaranteed is 20 ETH (~ 7,000 USD)
>. 5/36 - The price of this ticket will be the same as the previous one. However, the prize must be a major change in accounting for up to 100 ETH (! 100,000 USD)
>. 6/45 - Ticket prices remain the same. The prize pool ranges from 1000 ETH (~ 1,000,000 USD)
More different additions are welcomed and will soon join the existing list.
Firelotto benefits
- The initial guaranteed prize pool is over 1.1 million US dollars.
- The accumulation of prize pools could reach millions of dollars.
- Reduction for prize fund set a record 70% of all funds collected from ticket sales.
- Winning numbers, like own lottery tickets, can not be forged.
- The distribution of the collected funds and the payments is completely transparent and secured by an intelligent contract.
- The lottery is actually built on the basis of the ETH blockade.
- All the lucky draw parameters listed in the program code are open and will be available for review.
- This lottery should not be banned. To play it you only need crypto and Internet.
- The interface is intuitive and easy to use.
- One-touch game.
- Mobile version
- Decentralized lottery platforms provide their autonomous and independent presence as long as there is excitement, the Internet, and crypto currency.
- Commission payments guaranteed by smart and practical contracts are an enduring source of income for FireLotto token holders.
- The cost of tokens will continue to grow.
Token
- A total of 100 million chips will be issued.
- Pre-sale coupons will be offered at a price of USD 0.35 per voucher.
- The initial symbolic selling price will be 0,5 USD. For participants in the bonus program, the minimum price per ticket is USD 0.4
- Pre-ICO will open on January 15, 2018 and closed on February 15, 2018.
- OKI will open on March 15, 2018 and closed on April 15, 2018.
The price of one token will be equivalent to 0.35 USD.
Pre-ICO starts from 15 January 2018 and ends on February 18, 2018. As soon as the pre-ICO sale is completed, ICO is launched on March 15, 2018 and closed on April 15, 2018.
Distribusi token adalah sebagai berikut:
77% - Investors
20% - Tim
3% - Bounty
Roadmap
For more information please click below:
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