Hello my friends all wherever you are, this time I will explain to you all about the project Firelotto.
The Sweepstakes game is a major contributor to the total revenue of the gambling industry. Giving people the opportunity to change their fortune in seconds, gambling has become our favorite tool to test our luck in the real world.
The lottery draw being developed in the Ethereum blockchain will be one of the world's leading innovations in the lottery industry. Lottery industry activities account for 29% of global game revenue share and face market challenges due to the growth of the digital economy. Greater transparency and global demand for more transparent and sensible services have evolved along with advances in communications technology. which allows change. This decentralized and distributed form of technology offers great opportunities for the modernization of the gaming industry.
Currently 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 as technology advances to enable such change.
Blockchain technology distributed and decentralized technology offers tremendous opportunities for financial technology innovation, and also, for the modernization of the gaming industry.
Game systems built on the use of the Ethereal blockade will operate with high-level autonomy, and their data and records are stored cryptographically in 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.
Problems faced at this time
- Lack of Justice in the industry: This could be the biggest reason for the public disappointment for the Lottery. When people find the system unfair, they feel disappointed and disappointed.
- Lack of Appropriate Rules: While lotteries and gambling are banned in many countries, they are poorly regulated resulting in loss of money and credibility to the industry. Bad regulations limit the potential of the industry
- Availability: Many people want to play the biggest lottery but can not do so because of the risk of theft and state regulations in their country. This creates a small group of people who can participate in the Lottery
All of these problems indicate the current shortcomings of working in the lottery industry, which needs to be changed for the accelerated growth of the lottery industry in the world.
The solutions we offer
FIRE LOTTO is developing solutions based on blockchain technology. With an initial prize money of 1.1 million USD, this creates a transparent and secure platform to conduct Lottery.Utilising smart contracts for ticket collections, they have managed to bring the new system to the old game. Two sweepstakes will be available for players, Instant Lottery and lottery lottery.
There will also be five kinds of prizes that will depend on the accuracy of the numbers predicted by the players. We can expect to see a high number of players on the platform.
How Does It Work?
We have developed a completely transparent and completely deconcentrated platform for lottery realization with blockchain technology and smart ETH contracts for collection and delivery of funds, recruitment of random winning numbers and commission payments for the sale of lottery tickets to token owners.
The lottery gift of Fire Lotto consists of 70% of the funds collected from ticket sales. The guaranteed jackpot value is $ 1000 ETH (~ USD 1,000,000) for lottery amount 6/45; If no one has won the grand prize in the lottery, they will be transferred to the next and higher prize draw. The jackpot will grow until the winner finds the winner.
There will be five prize categories with different jackpots depending on the accuracy of lottery numbers. All modalities of 2 and so on will be calculated as a percentage of the capital. If multiple winners win the jackpot in the picture, it will be shared between them.
We will offer two types of prizes: lottery and instant lottery.
The Roger's Wheel Instant Lottery is a combination 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 multiply their winnings. The player then spins the wheel divided into 21 segments with different returns. If the wheel stops at the rate the player chooses, he will immediately get the prize (bet multiplied by the payment rate) transferred to their cryptographic wallet. Players can play a large number of wheels in one game, which reduces waiting times and the number of tickets purchased by players. The wheels rotate for 20-30 seconds. Game opportunities are guaranteed by RNG based on the ETH block.
How will the project be launched?
Unlike other ICOs, our ICO will follow the lottery launch rather than precede 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 draw we will post the source code in Github for review. Lottery will be launched in operating mode, which means the user will enjoy all the features, games, and victories. At launch of the sweepstakes, the transfer will be made automatically on a smart contract with a wallet that charges the sales commission collection and pays 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 ICO is opened, investors will be surprised to see not only the finished product, but also the great prizes available to win 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.
DISTRIBUTION AND PAYMENT OF SALES COMMISSIONS
FireLotto token holders are guaranteed 10% of the funds collected from ticket sales. Sales commissions are distributed after each and every image based on smart contracts, regardless of the volume of ticket sales. Perken yield is 1.60 cents from every 8 million tickets sold, which is more than 20% per annum of the amount invested in the Fire Lotto token. Given the fact that over 7 billion lottery tickets priced at USD 2.00 are sold globally annually, the profitability of Lotto tokens could exceed 50% per year in the first year.
How much do tokens cost?
During ICO, one token will be sold for USD 0.50. For participants in the bonus program, the minimum price per token is USD 0.40. During pre-ICO, one token will be sold for USD 0.35.
How much does a single token cost during a private sales round?
FireLotto Token will be offered at a price of 0.35 USD per token. For special needs, please contact info@firelotto.com
Why do you need a closed loop?
Funds accumulated in a closed loop will be used to generate a minimum gift of USD 1,150,000 * and finance an advertising campaign for ICO. * Funding prize funding:
How to get the Lotto Fire tokens?
Within four days after the ICO closing, the token will be transferred to the participating investor's wallet in all rounds. Token will be transferred to investor accounts in private cabinet and will be available after ICO expires.
How will you pay sales commissions?
Since its launch, 10% of the funds collected in ticket sales will be transferred to a smart contract responsible for the distribution of sales commissions. The first distribution of sales commissions collected among holders of tokens will take place on the second day after the ICO closes. Commission will be paid in ETH to all token holders. After that, the commission will be paid after each sweepstakes.
Conclusion
According to one estimate, the Global Lottery industry is estimated at 294 billion dollars by 2016. The rise in technology and digital tools has changed the face of the lottery industry practically. This has brought about tremendous changes in the nature and workings of the industry. This industry is ready to grow in line with increasing globalization, information and level of living standards. We can expect to see sustainable growth in this sector.
Bringing the truth and fairness to the game is their ultimate goal and with the help of blockchain technology and smart contracts, they will succeed in doing it smoothly. The same opportunity frame for everyone is their motto, which can be easily traced to their game design.
I think the gambling market is ready for such a platform, which will help drive industry growth by utilizing the latest technology. People need confidence in all kinds of games and if it can be maintained consistently then their platform will definitely grow quickly. Nothing is required to participate in the lottery except your crypto wallet and internet access.
Team
Roman Demidov Direktur Eksekutif
Alexander Karelin Direktur Pemasaran
Elena Bogdanova Pengacara
Anatoliy Yanot Kepala Technology Officer
Dmitriy Polovaykin Blockchain-architect Pengembangan back-end.
Roman Dobrik Designer
Mikhail Krupnov Profesional matematikawan.
Manajer Maria Kingsly Pr & Digital.
Consultores
Ronnee Ades
Olga Dvoretskaya
Robert Matuk
Danila Prozorov
Andrew Duplessie
David Drake
If you have some questions about this project please follow some of the following links:
WHITEPAPER: https://firelotto.io/whitepaper_en.pdf
TELEGRAM: https://t.me/firelotto
TWITTER: https://twitter.com/FireLottery
FACEBOOK: https: / /www.facebook.com/firelotto/
JN Thread: https://bitcointalk.org/index.php?topic=2654429.msg27048535#msg27048535
By Audrey
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